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Why Your Competitors Make More Money Than You
There’s nothing worse than seeing some two-bob toss-pot competitor make more money than you. Especially when they have: An inferior product Sub-standard customer service And a questionable reputation [IMAGE 1] The business stuck charging low rates, and struggling to increase their fees are having very shallow conversations with the prospect. They only ever talk about the tip of the iceberg with the potential client. They talk about their product, their thing. The visible, and expected tangibles. Which means the prospect can only ask one question… "What’s the price?" It’s the fitness professional who only talks bout their cardio plans, but get’s upset when they get compared with other fitness people on price. This isn’t the prospect being a tyre-kicker, a cheap skate, or of poor quality. It’s because you haven’t given them anything else to go off, so ultimately they can only compare you on the one thing all companies talk about - their price. [IMAGE 2] The companies doing slightly better, and typically charging middling rates can do so because they go beneath the surface line. They talk about more than just the ‘thing’. They talk about the first level not visible from the surface. They talk in terms of results. The outcomes of working with them. The intangibles. This is better, and is enough to stop you being only compared on price - but it leads to the prospect asking for compromise. Typically this is around service levels, guarantees, and time frames. It’s the fit pro who talks about 6-pack abs, and winning more dates. Just to be met with... "Sounds great, but can we do it in 4 weeks instead of 8, can we get started tomorrow, and I want my money back if it doesn’t work." [IMAGE 3] Those who can charge the biggest fees do so because they talk in terms of meaning. They talk about more than just the intangibles - they build upon it, and layer in conversations about transformation. The conversations are about more than whats’s expected, and what they’ll experience. The conversations end up focused on things that can only be felt.
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Why Your Competitors Make More Money Than You
About the Coconuts campaign
We're running a small test campaign, thought I'd share the details here. If you're doing cool shit like this please share it. We all want to see it. Consider this an attempt at leading by example. (I forgot to credit Louis Sandford with the coconut idea in the video, so here is the credit) P.S. I'm back from Bali to get married. Staying at the in-laws. So in a make shift office 😂
About the Coconuts campaign
Watch this
Then watch it again. Timeless advice from an advertising great.
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Well Fed Renegades
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You'll learn two things. Book meetings with ideal prospects without social media. And close them with a 75% success rate on five figure deals.
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