Winning new business is exciting. It means you convinced a customer or client to take a chance on you. (Like ABBA said.) But at this point, you are selling the promise of what you can do for them. Because in the beginning, the promise is all you’ve got.
The best moment in business is when a customer or client comes back for thesecondhelping. Because this time it is not because of a promise you made them. It is because of the proof you gave them. (It’s in the pudding.)
The first transaction is based on your promise. The second is based on your proof.
The first engagement is based on hope. The second engagement is based on expectations met. Businesses live and die based on met expectations. Which is why repeat business is so important. It is the lag indicator that you are offering value and a positive experience.
If you track just one measurement on your way to success it should be repeat purchases. It is the pass-fail measure of long-term success. Because without repeat purchasers, you will run out of new prospects. And your business will be all grind, and no bump.
Last week I had two great repeat experiences.
First, The Weaponry, the advertising and idea agency I lead, got a call from one of our first-time clients. We were almost done building a website for this client, and they called to tell us they want us to take on another website build for another division of their business.
Second, we had our first creative presentation to another new client. At the end of the presentation, The Boss Man told us he wanted us to work with their procurement team to get set up as an official, long-term supplier. Boom!
These second projects came because we lived up to expectations. We passed an important test. We weren’t one and done, like a University of Kentucky freshman basketball player. Which means we are running a sustainable business.
A Personal Note
The same principle holds true in your personal life. You get a first shot at relationships, opportunities, and trust based on the promise of delivering the goods. The second shot comes because you proved you were worthy the first time. Keep delivering and good things just keep coming your way.
Winning new business is simply an opportunity to prove what you can do. It is where the hard work begins. Make sure to deliver on the promises you made to that first-time customer. Because when you do, they’ll come back for more. And businesses only thrive if happy customers keep coming back for more.
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I get a boatload of emails, calls, and LinkedIn requests from strangers who are trying to sell to me. Most of them want to help me generate more business leads for The Weaponry, an advertising and idea agency that I lead.
The sales promises are often quantified. They say they will deliver hundreds or thousands of qualified leads per month. To the uninitiated, unsuccessful, lazy or naive this must sound amazing.
But business growth and development doesn’t work that way. Qualified leads and prospects are not a commodity. You can’t outsourcethem to a stranger. The type of clients or customers you want to work with are not like crops in a field. You can’t simply run a harvester through them, load them into a wagon and sell them on the open market.
Prospective customers and clients are not all created equal. The valuable ones come from relationships, connections, and conversations. From shared philosophies and values. You and your team should find the right ones for you. Then earn their trust. Develop a mutual attraction. And decide you are right for each other.
For a stranger to spam* me and tell me that they can find me a steady supply of qualified leads is like telling me that they can find me more friends. ‘We’ll dump a list of friends on you. You’ll really like them and they will like you too.’ But it doesn’t work that way. That’s a job we have to do ourselves.
*No offense to Spam, the innovative meat. If a stranger offered me some fried Spam for breakfast we would be friends for life.
Earn your own customers and clients. Create systems and processes to find them. Develop relationships. Keep your promises. Deliver results. Create a core of happy customers that spread the word about you. That never fails.
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All of the good things that have happened in my life have a common theme. They happened because I prepared to take advantage of an opportunity point. Which means I put in work or research before an important moment. Like a Boy Scout would do. Although I was never a Boy Scout. I heard the Be Prepared motto and felt I got the gist of it.
When my big moments came, I drew on the work or the research I had performed to maximize the opportunities. I performed impressively. I made a strong impression. I drove a result. I became memorable for being prepared, capable, smart, insightful, knowledgable, interesting, thoughtful, or resourceful. Then, I was able to cash in my preparation for rewards. Just like you cash in your tickets for prizes at Chuck E Cheese.
Make sure you know what your opportunity points are. Here are a few examples:
Social media encounters
America’s Got Idols
Preparation allows you to convert an opportunity point into an inflection point. A point where things change for you. A new door opens. An angle of growth steepens. The trajectory of your life alters in a positive way. Suddenly, people want more of your time. Which means the value of your time goes up too.
How to capitalize on your opportunities.
To turn your opportunities into inflection points try the following approach:
Look at your calendar. (You do have a calendar, right?)
Identify the opportunity points. (They are everywhere.)
Determine what you could do today, and each day before the event to be best prepared to make that event a moment of inflection. (Start with researching all you can about the people and the topic you will encounter. Don’t be afraid to stalk. That’s how I found my wife. Training and practice are also important.)
Do the prep work you determined would be beneficial. (It is not enough to know what you should do. You gotsta do it for realzies.)
Luck is what happens when preparation meets opportunity.
-Maybe Seneca (But maybe someone else. They can’t find any credible witnesses.)
Every week we encounter dozens of opportunity points. Once you recognize them you can prepare for them. That preparation allows you to capitalize on the opportunity. Sometimes the rewards are small and grow over time. Sometimes the rewards hit in major ways that alter your life path immediately. But if you don’t prepare it is as if the opportunity wasn’t even there. Don’t let that happen.
*If you know someone who could benefit from this message, please share it with them.
I recently was introduced to the CEO of a really fun business in Milwaukee. A mutual friend introduced us via email. And in the quick hellos and thanks-for-the-introduction exchange that followed the CEO invited me to his office for a pow-wow.
When we met in person a week later we talked and developed a quick friendship. Despite the fact that we had just met it was clear that we were on the same wavelength. Our mutual friend, who I will call Erin, because that is her name, must have detected that too.
The two of us began talking about his business. I loved the conversation. I am a big fan of his company. Like one of those Big Ass Fans you see in a warehouse. I noted the remarkable quality of the product his team creates. I shared my enthusiasm for his brand and the great potential for growth, expansion and domination.
Then something interesting and unexpected happened. The CEO paused and said, ‘Adam, every agency in town has come to me wanting my business. They all talk about what they can do for us. And they share their vision for our brand. But you are the only one who has shared MY vision for the brand.’
At that point the conversation changed from 2 guys getting to know each other to two business leaders collaborating and working through problems and opportunities together. Which is what I love most about business.
I didn’t think of our conversation as a sales call. I didn’t think I was pitching him on working with me and my business. I was just excited to meet a new friend. I’m like a puppy in that way. And in the process of developing a friendship we talked about his business, the same way we talked about his family, the places he has lived and what he likes to do in his free time.
Make Friends. Not Sales.
But sales is not what most people think it is. So much of business development is simply developing friendships and rapport. It is showing a genuine interest in getting to know others. It is about helping and providing value. It is not about asking for business.
I always focus on friendship first. I was genuinely interested in this baller of a CEO first. I was not about to ask for a shot at his business. Perhaps that was part of the appeal.
As the sales expert Jeffry Gitomer says, people hate to be sold, but they love to buy. That is why I always let people buy into me instead of asking for the sale.
Does it work? Well, I now have a meeting scheduled with my new friend and his leadership team next week.
6 Key Takeaways From This Experience
A good introduction from a trusted mutual friend creates a great start to a new relationship.
Make friends. Not sales calls.
Add value first, last, and always.
Paint a picture others want to buy into.
Let your enthusiasm, energy and passion show.
Between the time I first wrote this post and published it a lot has happened. We had a great meeting with the executive leadership team. We were asked for a proposal. The proposal was signed last Friday afternoon. We kicked off our official relationship with a 3-hour meeting (Gilligan’s Island-Style) on Monday afternoon. We will present ideas next week. And we will have new ads live for the holidays.
*If you know someone who could benefit from this message please share it with them.
Business development is a vital function of any healthy business. And it is dependent on interactions with non-customers. This is why trade shows exist. They are like massive dates for people with problems and people with solutions. They are the male and female counterparts that make business work. #Bowchickabowbow Lots of business opportunities are created at trade shows. Because people get to meet, mingle and leave non-single.
Right now, thanks to the Covid-19 curveball, in-person trade shows are simply off the table. As are most in-person networking events. Which creates a major impact on new business prospects for most companies. This is a significant problem to solve. And a significant business opportunity.
Calling It Off
New sales calls are challenged right now too. You can’t simply ask if you can swing by someone’s office to show off your cart of potions and elixirs. Because the people you want to meet with are not there. In fact, most of my clients at The Weaponry have not been in the office for 7 months. Some of them have even moved far from the city they work in, because it doesn’t matter where people live when no one goes into the office.
With all of the Zooming that is happening now, it isn’t easy to get prospects to jump on yet another video conference either. Especially since video conferencing today means inviting people into your home, where families are hosting a 3-ringed circus of work, school and personal life.
Where Do We Grow From Here?
This means that to continue growing your network and your new business prospects you have to find new ways to interact with people. So it’s time to adopt new approaches. Or act like Chubby Checker and put new twists on old ideas.
What I Have Been Doing
Over the past 2 months here is what I have done to expand my network during a time of social contraction:
I spoke to the quarterly gathering of Spearity clients. Spearity is a great management consulting organization. This introduced me to 40 impressive people I didn’t know.
I was a guest on the Sport Coats Podcast with Will Jurgensen. (podcast coming soon to a podcast player near you)
I published 25 new blog posts.
As a result of these actions I have grown my LinkedIn network. I have received new introductions, I have had in-person, yet comically-physically-distanced meetings. I have developed great new relationships. In fact, it looks as if I will have developed at least 4 new clients as a direct result of these activities.
I didn’t make a single cold call. I didn’t ask anyone for their business. I simply gave away my time, knowledge and expertise. I gave value first. And as a result I got even more value return. Anyone can do this. Even today.
Remember it is not who you know. It is who knows you. During these unusual times you have to make sure more people know who you are in order to grow your network and improve your long term prospects, opportunities and sales. Provide value first. And good things will come your way. Even in 2020.
*If you know someone who could benefit from this message, please share it with them.
I was recently invited to speak at a Metro Milwaukee Chamber of Commerce event about storytelling. As the 3rd of 3 speakers on the same topic of storytelling, I knew I better take a unique angle on the topic in order to cover some new ground. I reframed storytelling in a different, perhaps more approachable or understandable context for business owners, small marketing teams and generalists. Here is the story I presented.
The Story on Storytelling
I have spent over 2 decades in marketing and advertising. About 10 years ago people started talking about ‘Storytelling’ like it was the hot new thing in marketing communications. But as the author of 23 years of ad campaigns and marketing programs, I’ll tell you that I don’t think about marketing in terms of storytelling.
The term ‘storytelling’ is weird for adults. If conjures images of fairytales, campfires, ghost stories, and once-upon-a-time-ness. It can be hard to connect the dots back to business and marketing. Unless, of course, you are Mother Goose, work at Disney, or are one of the Brothers Grimm.
If you are struggling with the idea of incorporating storytelling into your work, I want you to think about storytelling another way. I want you to think of business-related storytelling as Recruiting. Because marketing, advertising and sales is really just recruiting:
Recruiting customers to your store, show or restaurant.
Recruiting shoppers to your shelf.
Recruiting clients to your firm or agency.
Recruiting voters to the polls to vote for you or your agenda.
Recruiting attendees to an event.
Recruiting employees to work for you.
Where I learned this
Let’s go back in time to where I learned about marketing as recruiting. It wasn’t at my first advertising job. Or in my college classes. I learned about selling, marketing and advertising from an unexpected teacher: my college track coach.
Mark Napier, my coach at the University of Wisconsin, was a great track coach. But Mark Napier, was a world class recruiter. To be successful in college athletics you need to be able to recruit great athletic talent. And Coach Napes was masterful at it.
I have bachelor’s degrees in both journalism and psychology. But I earned a master’s degree in selling by studying how Professor Napier recruited. (He wasn’t really a professor. He didn’t even own any elbow patches).
The Essential Recruiting Technique
You know how Napes recruited top track and field athletes from across the country, the Caribbean, and Europe to come to Wisconsin? Where it snows from October through May?
He told stories. Stories that sold people. The most important lesson I learned from Napes was, know your audience. What do they want? What do they need? Because if you know what they want and what they need you know what to tell them to sell them.
It’s not you. It’s them.
But remember, don’t tell the story you want to tell. It is all about the story they want to hear. When it came to recruiting high school track and field athletes there were many different wants and needs. You had to do your homework to understand their hot buttons. You have to do your own research. You have to observe the athlete. Ask questions. And listen to what they say.
The Prospective College Athlete Hot Buttons May Include:
Academic quality and reputation
Proximity to home
The athletic program
Proximity to Aunt Deanie (my Aunt Deanie lived in Madison and was a draw for me. But many other kids have their own version of Aunt Deanie).
The town itself
Proximity to stupid high school girlfriends or boyfriends.
A particular major or program
The conference you compete in.
Good looking girls
Spring training trips
The coaches track record of success
Ass-Kicking-Ness (You can tell this by smelling their shoes)
Someone just like them in the program
Pushing The Hot Button
Coach Napes was masterful at discovering the hot buttons of each athlete we were recruiting, and telling them the story they wanted to hear. Or demonstrating it. Or making them experience it.
As a result were able to successfully recruit national champions from Southern California and from Florida to join our track team in Madison, Wisconsin.
In fact, my junior and senior years we were Big 10 Champions in both indoor and outdoor track. My senior year our team was 6th in the nation. I had 6 teammates who were Division 1 National Champs in their events.
Putting Recruiting To Work At Work
You can use the same approach to recruiting in your business. I want you to think of yourself like a Division 1 coach who is trying to attract 5 Star Recruits. For those of you who are sports illiterates, that means you are coaching at the highest level, and recruiting the very best athletes.
Departments or roles that should be recruiting for you:
We All Have Needs
It all starts with understanding your potential customer’s wants and needs. Know this and you will know what story to tell. Because in business the only thing that matters is what your audience wants or needs. And whether they think they can get it from you.
This is where the story starts.
Create a persona of the target audience you want to recruit. Understand them in detail.
Once you know who you are trying to reach, you talk to them about the things they want to hear.
Track record of Success
Ease of Use
Find the most compelling story you can tell to make people buy into you and your offering. That is your strategy. Then tell the stories that make you appear more attractive to those you are trying to recruit.
Storytelling in business is simply recruiting. It is sharing the great things about you, your organization, your products, and your services, with those you want to attract. Know your audience and what they want. And then show and tell them how you can deliver against their wants and needs. The End.
*If you know someone who could benefit from this story, please share it with them.
I have never done any drugs and I never plan to. When I was a kid Nancy Reagan told me to just say no to drugs. And I listened. Then Whitney Houston told me that crack is whack. But I’m not sure she was even listening to herself. Although I don’t blame her. There are a lot of people who can’t seem to get enough crack. In fact, saying that something ‘is like crack’ is the ultimate customer experience compliment.
Getting Customers Hooked.
If you have a great product or service that you think people will love, think like a crack dealer. The crack dealer does not try to sell potential customers on the various product benefits of crack. They do not share testimonials, or research findings. Or charts and graphs. They don’t print up brochures highlighting the various features of their products, or images of happy users.
The crack dealer knows they have a hit (pun intended). So they give away the crack for free. Then they let the crack experience sell itself. And customers come running back for more. That is, until they come shuffling back for more, shaking like a Parkinson’s Disease victim.
Sample As Sales Tool
Since I launched my advertising and idea agency, The Weaponry, I have found that when we give our strategic thinking, our creative ideas and our enthusiasm away for free, the recipient very often comes back for more. I want our initial free meetings to feel like test drives of a real engagement. This approach has been a key driver of our growth and success. In fact I wrote about it here in Give it away, Give it away now!
If you want to start selling a product or service that you know is great, or you have a great offering that you are not selling enough of, try acting like a crack dealer. Give your crack away for free. Let your ideal customers experience your crack first hand. Let them feel what they are missing. Get them addicted to your crack over a short time period, or in a small quantity. Then capitalize on the addiction over the long-term. But never lower the quality of the product or service.
If the free sample doesn’t get customers hooked, your crack needs work. In which case you should keep refining and improving your crack until it is fully addictive. Focus on the lifetime value of a new customer, and the free samples will feel like a tiny price to pay for future sales.
*Don’t ever really do crack. Or sell crack. Don’t step on a crack. Don’t break your Mama’s back. And don’t show your crack. Not even if you are a plumber.
Those where you just show up and work for the clients that someone else attracted.
I have had a significant role in attracting new clients since the 3rd year of my career. In fact, I spent so much time earning the trust of prospective clients throughout my career that it gave me the confidence to launch my own advertising and idea agency, The Weaponry, in 2016.
One of the questions I have been asked most often over the past two years is: ‘Where do you find your clients?’ There are a lot of fun answers I could give. Because all of our client relationships seem to have a fun origin story. But a couple of facts stand out.
4 Fun Facts About Our Clients.
Our first four clients at The Weaponry were clients I had worked with earlier in my career.
Two of our clients have now hired The Weaponry for two different businesses.
One of our clients has now hired The Weaponry for three different businesses.
One of our collaborative partners has introduced us to 8 new businesses that have become clients.
Doing great work for your current clients is the best approach to business development. Those clients will recommend you to others. They will hire you again when they change jobs. The partners you collaborate with will see how you treat your shared clients and recommend you to other clients they work with. It has been a key driver of growth for The Weaponry. So, as Bill Belichick would say, ‘Do your job.’ Because when you do, more opportunities will come your way.
A year and a half ago I was in a fender bender. I was hit by a woman who was hit by a distracted driver, who didn’t realize that everyone else on the road stopped at a railroad crossing. I wrote about the experience in the post, Could You Pass The Fender Bender Test. While waiting for the authorities to show up, Laura ‘The Bumper Thumper’ and I began talking. We quickly struck up a friendship. It turns out that Laura has her own marketing business too.
A couple of months after the incident I got a call from a potential client about a new marketing challenge they were facing. We agreed to meet face to face, and I invited Laura to bring her face to the meeting too.
The client was dealing with a new law that was dramatically changing the way they could market their service. More bluntly, their primary way of finding customers was now illegal. (So tawdry, I know!) The change posed a monumental threat to their very existence. They needed to quickly replace their old marketing approach with a new one, or there would be no business. (dun, dun, dun)
Laura and I met with two of the partners for two hours. We discussed numerous potential solutions to the problem. As I had imagined, Laura was a valuable asset. She asked a lot of smart questions. She had a very good understanding of the industry, and the major players in the market. Best of all, she didn’t hit anyone with a car.
When we left the potential client’s office, Laura said,
‘You really give a way a lot of ideas for free.’
She’s right. I do.
Here’s why I give ideas away for free.
I love free samples at the grocery store. Nothing sells me on your southern ham, spicy cheese, mango salsa or Fruity Barky Bites like tasting it myself. That tiny plastic cup worth of your product gives me everything I need to know to purchase more.
My business does not make Fruity Barky Bites. At least not yet. We produce ideas. So when I meet with people about their marketing challenges, I dig in. I start thinking through solutions with them. I offer up initial ideas worth considering. I get excited about solving the problem. They get excited about having the problem solved.
People don’t like to be sold to. They want to be in a position to buy. So rather than sell a client on why they should work with The Weaponry, I like to offer people a sample of what they would get if they work with us. If they like it, they will want to buy. If they don’t like what they hear, they will pass. And both sides win.
I believe you should always add value before you try to extract value. Prove your worth. Make new clients and customers feel as if they have received more value than they have paid for. Give them a test drive so they can imagine the future. Once they decide to buy, don’t slow down. Keep over delivering. Always make them feel like they are getting more than they are paying for. Even when they are paying a lot.
*If you found value in this post, and would like more free samples, consider subscribing to this blog.
In 2015 I decided to launch a new advertising agency. I already had a vivid image of the agency in my head. So I began mapping, sketching and listing every detail of the company. I considered the business from every angle. I even created a Life Stage chart of the yet unborn business. It was like What to Expect When You Are Expecting. Except I was expecting a bouncing baby business.
The Elevator Pitch
However, there was one detail that start-ups typically obsess over that I skipped entirely: the Elevator Pitch. It is supposed to be the centerpiece of a startup’s marketing efforts. If you’ve never heard of an elevator pitch, the idea is that you have to summarize the essence of who you are, and what you do, in a short statement that you could deliver to a captive hostage on a brief elevator ride. Apparently, lots of entrepreneurs stalk high-powered executives on elevators, thinking it would be a great strategy for winning their affection.
I’m not buying it.
I hate the whole concept of the elevator pitch. I think it is the most overrated, over-discussed element of salesmanship. And entrepreneurship. And elevatorship.
Sure, it is important to be able to succinctly talk about your business. Your Great Aunt Petunia doesn’t have enough time left on Earth to waste it on your full story. But I have never bought anything or hired anyone because of a brief discussion I had on an elevator, escalator or Wonk-avator.
In fact, I have been in business for two years. And not once have I found myself in an elevator with someone who told me I had 10 floors of verticality to perform the sales pitch of a lifetime.
Instead of scripting and performing an elevator monologue to an audience that never shows up, which feels a little like writing an acceptance speech for an award you didn’t win, I take the opposite approach.
The Quiet Game
I play the quiet game. You know, it’s that game where you see how long you can go without talking. I was terrible at the Quiet Game as a child. Scratch that. I was the Cleveland Browns of The Quiet Game. But today, as an entrepreneur, I am quite good at it. When I meet a marketer, I don’t whip out a polished sales pitch and throw it at her. Instead, I listen.
I want to hear what potential clients talk about. I want to hear what challenges they are facing. I want to know where their pain points are. I want to identify their greatest unmet needs. I continue to grow and transform The Weaponry in response to the unmet needs of our clients. Because we are focused on solving client problems, we grow in the direction that our clients’ needs dictate.
If you want to collect more great clients and grow your business, don’t practice your elevator pitch. Practice listening. Play detective. Or doctor. Listen for the discomfort, the bottlenecks, and the solution-less problems your clients and potential clients are facing. Discover their unmet needs. And you’ll have found your next opportunity.
*If you found anything of value in this post, please consider subscribing to this blog. You’ll receive two fresh-baked posts via email each week. Oh, and you may also dig this post I wrote about My Vanilla Ice Philosophy. Vanilla Ice himself liked it. And Tweeted it. And hung it above his bed (ok, that very last part might not be true).