| As Seth Godin points out, "Fear is a powerful driver of | | | | I talked with a fellow I'll call Sam. I have these |
| decisions. Without fear, no one would use seatbelts... | | | | conversations a lot. A new client for him is worth |
| you don't use them because they're fun, you use them | | | | about $25,000 in profit in the first 30 days. I suggested |
| because you worry about what would happen if you | | | | some ways he could get some more new clients that |
| crashed without them." | | | | would cost him about $600. Pretty good return. |
| As numerous studies have shown, "pain" (which | | | | But, Sam wanted to know...needed to know...was |
| leverages the fear factor) out pulls "gain" (the benefits | | | | desperate to know...was would what I suggested he |
| that someone will get by doing something) by a wide | | | | do work? "Who else has done it?" "What returns did |
| margin. | | | | they get?" "How quickly did they see results?" |
| Obviously fear is easy to overdue, with the result being | | | | Nothing inherently wrong with the questions, but they |
| that one sounds like a deranged Chicken Little. | | | | underscore Sam's complete inability to accept risk. |
| However when you are preparing your sales letters or | | | | Making prudent decisions is one thing...doing your due |
| marketing emails and you are debating on whether to | | | | diligence can never be faulted...however, that's different |
| be the Sounder-Of-Good-News or the | | | | than not taking action unless the results are |
| Deliverer-Of-Dire-Warnings, you're going to get a far | | | | guaranteed. |
| better response if you dawn the cloak of the Grim | | | | And a lot of business owners and consultants never |
| Reaper. | | | | take action on implementing a marketing system |
| But you probably heard about fear as a motivator | | | | because they're afraid. "It might not work, so I'm better |
| before. What I really wanted to write about today is | | | | off doing nothing." |
| how FEAR turns otherwise confident business owners | | | | The reality is that if that is your attitude you're only |
| and consultants into incredibly wimps when it comes to | | | | going to travel down the well-trod road, and the |
| marketing. | | | | rewards aren't there. |
| And what made me think about this was an article I | | | | In fact that's precisely why most of your marketing |
| read recently about poker. Now in all candor, I'm not a | | | | doesn't work. It's been done before. Lots of times. So |
| big poker follower, but the interview with Annie Duke | | | | by the time you finally decide that it's "safe" enough to |
| who apparently is both a good poker player and | | | | do something, guess what? Your market isn't |
| astute business person (got to the finals in one of | | | | interested in that approach/message anymore. |
| Donald Trump's Apprentice programs if that's any sort | | | | But you try anyway with the "proven" system. The |
| of criteria) made a comment that really resonated with | | | | one that everyone else has used. And guess what? |
| me. | | | | You don't get the response you wanted. Which (in |
| "People want to be right. They are afraid of being | | | | your mind) reinforces the concept that marketing is too |
| wrong. It's not about being right; it's about being right | | | | risky and doesn't work. But you miss the real lesson. |
| often enough. If you make a $1000 investment and the | | | | It's not that it doesn't work. It's that you waited too long. |
| return is $10,000 you need only be right 10% of the | | | | And decided just to repeat something that's already |
| time. Shrug your shoulders when you are wrong. Great | | | | had its day in the proverbial sun. |
| players free themselves from the worry about being | | | | Rather than trying something new. Perhaps a |
| wrong." | | | | marketing approach that works really well in another |
| I think you get the lesson, but in case you don't allow | | | | industry but hasn't yet reached your niche. |
| me the opportunity to hammer the obvious stake into | | | | But that requires COURAGE. Something that's in short |
| the already dead cow. | | | | supply for a lot of business owners. |