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FitnessBusinessSummit2012 JayAbraham PDF
FitnessBusinessSummit2012 JayAbraham PDF
Business Life
How to out think, out market, out sell,
out posi3on, out maneuver, out
contribute, out perform, out compete,
and out earn your compe33on.
Being Preeminent
Being Strategic
• Strategy versus tac3cs
• Leveraging your tac3cs
• Strategy defined
• Marke3ng strategy
• The tac3cal touch
Are You a Mul3plier or
Diminisher?
Three Categories of Business Owners
• The ones who constantly make things happen
• The ones who watch things happen
• The ones whom things are always happening
to
Defini3on of an
Entrepreneur
3 Ways to Exponen3ally Grow Your Business
To appreciate for yourself, first-‐hand, exactly how and why I can grow so
many different businesses and prac3ces, so fast, so big and profitable—
with so liYle effort, 3me or expense, study these three pages.
Op3miza3on
Increase the Increase the
Increase the # of Average Dollars Repurchase
Customers per Sale Frequency Total
33% Increase
• Mistake #2
Running Ins-tu-onal Adver-sing.
Corollary: Run Only Direct Response Adver:sing
• Mistake #3
Not ar-cula-ng and differen-a-ng your Business.
Corollary: Develop a powerful USP and use it in all your marke:ng.
• Mistake #4
Not having back-‐end product or service.
Corollary: Create a profitable and systema:c back end.
• Mistake #5
Not understanding your customer and their needs and desires
Corollary: Always determine and address the real needs of your customers and prospects.
20 Marke3ng Mistakes
• Mistake #6
You must ‘educate’ your way out of business problems...you can’t just cut the price.
Corollary: Always recognize that you must educate your customer as a part of the marke:ng and sales
process.
• Mistake #7
Not making doing business with your company easy, appealing and fun.
Corollary: Make doing business with your business easy, appealing and fun.
• Mistake #8
Not telling your clients the “Reason Why.”
Corollary: Always tell your client the “reason why.”
• Mistake #9
Termina-ng marke-ng campaigns that are s-ll working.
Corollary: Don’t stop marke:ng campaigns that are s:ll working just because you are :red of them.
• Mistake #10
Not specifically targe-ng your marke-ng.
Corollary: When you prepare your marke:ng, focus on the intended prospect and no one else.
20 Marke3ng Mistakes
• Mistake #11
Not capturing prospect & addresses, email addresses as well as per-nent contact informa-on.
Corollary: Capture everything on a prospect or client that you can in an organized, retrievable system.
• Mistake #12
Not being strategic.
Corollary: Always having a strategy which tac:cal ac:ons and methods are integrated into.
• Mistake #13
Not having a marke-ng or sales system.
Corollary: Have a marke:ng and sales system in place and refine it con:nuously. Using leRer/call/leRer
call or email/leRer/call strategies.
• Mistake #14
Not taking advantage and integra-ng the Internet into every aspect of you marke-ng and sales efforts.
Corollary: Integra:ng the Internet into all your Marke:ng and sales ac:vi:es.
• Mistake #15
In sales situa-ons, shoo-ng from the hip.
Corollary: Constantly using and refining a sales script.
20 Marke3ng Mistakes
• Mistake #16
Being stuck doing “what works.”
Corollary: Always be willing to change.
• Mistake #17
Not reinves-ng your profits.
Corollary: Always parlay your success and momentum into greater achievement.
• Mistake #18
Not knowing and leveraging the life-me value of a client.
Corollary: Always understand the life:me value of your clients.
• Mistake #19
Not maximizing your assets, rela-onships, opportuni-es, resources, etc.
Corollary: Always explore and maximize your resources, assets and opportuni:es.
• Mistake #20
Trea-ng marke-ng and sales as opera-onal “silos.”
Corollary: Do your best to integrate marke:ng components into all your opera:onal and backend
processes.
Leveraged Marke3ng
Explained, Explored,
Exampled.
• (hidden assets, overlooked opportuni3es,
underperforming ac3vi3es, underu3lized
distribu3on channels ext.)
OPR
Maximizing RC Leverage is essen-al to
any business achieving an edge!
Unimaginable spectrum, scope and scale of
profitable possibili-es at your finger-ps:
1. Easily established 17. Rapidly overpower the competition 34. Provide marketing/selling
2. Augment selling effort 18. Joint marketing 35. Easily establish purchasing/supply
3. Increase sales and profitability 19. Joint selling or distribution relationships
4. Lower barrier of entry 20. Design collaboration 36. Set up instant distribution networks
5. Enhance your image, stature, posture 21. Quicker to create/form 37. Capitalize on hidden assets
6. Expand customer client base 22. More flexible to operate 38. Earn Higher ROI’s and ROE’s on
7. Boost marked presence 23. Less risky alliances than from your core/main
8. Provide added value to customers 24. Requires less cash business
9. Contribute substantially to perceived 25. Technology license 39. Difficult for your competitors to
customer benefits 26. Research and development imitate or emulate
10. Enter emerging markets 27. Enhance R&D capabilities 40. Remain focused on your core
11. Expand your horizons 28. Access knowledge and expertise opportunity
12. Speed access to a wide variety of new beyond company borders 41. Outsourcing non-core competencies
markets 29. Strengthen reputation in industry as 42. Lets you maximize/stretch your
13. Expand beyond geographic result of association management and technical
boundaries 30. Extend product offerings operational resources
14. Gain foothold in international 31. Widen your scope of innovation 43. Reduce overhead through shared
marketplace 32. Establish unique position in market costs and outsourcing
15. Control other peoples’ markets 33. Secure position as front runner in 44. Manufacture/fulfill cost effectively
16. Gain competitive advantage marketplace
Break
• Alice cooper
Extra Credit
2. Mining cash windfalls each and every month out of your business.
3. Engineering success into every ac-on you take or decision you make.
4. Building your business on a founda3on of mul3ple profit sources instead of depending on one single revenue source.
5. Being different, special unique and advantageous in the eyes of your customers.
6. Crea3ng real value for your customers and employees for maximum loyalty and results.
7. Gaining the maximum personal leverage from every ac-on, investment, -me or energy commitment you ever make.
8. Networking/masterminding/brainstorming with like-‐minded, success-‐driven people who share real life experiences with
you.
9. Turning yourself into an idea generator and recognized innovator within your industry or market.
10. Making “growth-‐thinking” a natural part of your everyday business philosophy.
11. Reversing the risk for both you and your customers in everything you do (so the downside is almost zero, and the
upside poten-al nearly infinite).
12. Using small, safe tests to eliminate dangerous risks and adop3ng funnel vision instead of tunnel vision in your thinking.