PART ONE
The Foundation
Want people to âgetâ what you do? First youâve got to âget itâ yourself, and probably in a different way than you have before. Donât waste any more time and money chasing customers until you master the tools that help you catch and keep them.
Preeminence
KNOW THY CUSTOMERS
AND LEAD THEM
Leadership. Every great business follows a powerful leader. You need to be that leader in your business.
Vayu Rasta Institute trained more yoga instructors than any company on the planet. Following their unique training system, their students integrated their method and had fun in the process.
Yet in their humility, Vayu Rasta never shared this leadership with their market. Wouldnât you want to know when youâre working with the best?
Many small businesses are just like Vayu Rasta Institute. They fail to share what makes them uniquely qualified, what makes them an expert.
The first step in establishing a strong foundation for your business is for you to stand in your power, the center of your knowledge and skill that makes you an expert. This is the principle of âPreeminence.â Preeminence means âto stand out; to have paramount rank or superiority; to have dignity and importance.â This is what one our mentors, Jay Abraham, teaches. To be âPreeminentâ in your business, you will balance two critical factors: knowing your customer and leading them.
TO BE WILDLY SUCCESSFUL YOU MUST KNOW AND LEAD YOUR CUSTOMER.
You must know and empathize with your customers to understand their need, their problem, and their desire. You must know them to understand the shoes they walk in and what they want to accomplish.
You must lead them because, frankly, you know more about your subject than they do. Without arrogance or boastfulness, you must take your customer where they want to goâbecause youâve been there millions of times before and know the way.
DO YOU REALLY KNOW WHAT YOUR CUSTOMER WANTS?
Too many small business owners forget they need to know their customer. They think they only need to know the product or service they offer. They forget their Ideal Prospect doesnât know everything that they, as the experts, know.
Weâve all been to a doctor who started spouting off what was wrong with you, even though you had no idea what she was talking about. You might have gone to her office believing you had a certain ailment. Suddenly, sheâs talking about something elseâif only you could understand what the heck she was saying. She tells you whatâs ailing you in the language of a doctor, but youâre not a doctor, are you? You donât have her language or her knowledge of the human body. And there she is talking to you like you had just completed your Fellowship in Internal Medicine.
If that doctor really understood her patients, she would speak to them in English. Many business owners make the same mistake. They start yakking. Instead, listen. And ask. Ask key questions that gather useful information. Then speak in the language your customer understands.
THE SECRET TO ENGAGING CUSTOMERS LIES IN ASKING THEM WHAT THEY WANT.
Too many business peopleâin small, medium and large businessesâsit isolated in their office dreaming up some ideas that they think âfor sureâ their customers will want. They know because, well, because they just do. They fall hopelessly in love with their business and ideas. They launch with a big âTa Dah!â But instead of cheers, they are greeted by the sounds of crickets.
Ginny, one of our customers, is a great example. Ginny operated in isolation when she first launched her business. She finally saw the lightâwith our pushâand decided it was time to learn what was going on with her customer.
She interviewed 50 potential Ideal Prospects and current customers. What she discovered she thought they needed, they didnât connect with. She uncovered the problem as they saw it, not as Ginny The Expert knew it. Now she had the information she needed to talk to them in their language about how they perceived their needs.
Ginny learned a valuable lesson. No one can get a Prospect to buy something they donât think they need.
Once Ginny understood what their problem was, she could connect them to her solution . . . for that problem. Ginny now understood how to lead her customers to their right solution and to her expertise. Now sheâs found new life in her business coupling the needs of her customer together with her Preeminence, her expertise, through her Leadership.
A âthinkingâ entrepreneur might decide that a little marketing will move their beautiful, new product into the hands of hundreds, even thousands of customers. But if the product doesnât solve the customerâs problem as they perceive it, no marketing program can be fabulous enough to get them to buy itâat least not enough of them. Youâll be busy trying to sell them the answer to a problem they donât think they have. Thatâs a non-starter.
Then thereâs the âmake moneyâ business owner. He typically becomes so focused on profits he doesnât see the customer. He prioritizes money over everything else, either because he is greedy or panicked at not having enough to make a living. Heâs mistaken the proverbial golden egg for the goose.
Whatâs the solution? Fall in love with your customer instead.
FALL IN LOVE WITH YOUR CUSTOMER
When you fall in love with your customer and you give them what they require, you will succeed. Itâs fool proof. It works every time. Not just some of the time, all of the time. Youâll have customers eager to work with youâso many you wonât know what to do with them. (And doesnât that sound like a happy problem?)
There is a little trickâyou knew there would be.
Your customers donât always know what they want.
Twenty years ago, if some foresighted interviewer had asked whether youâd like to buy the Internet, you would have said âNO. And what the heck are you talking about???â If the interviewer had asked âWould you like to access people and information all over the world from the keyboard of your PC?â you probably would have said âYES.â
A PREEMINENT BUSINESS OWNER GETS UPFRONT AND PERSONAL WITH HER CUSTOMERS.
You didnât know the Internet would solve so many problems for you so you didnât know you needed it. The same is true for your products or services.
Your prospects arenât the expert and donât always have the words or knowledge to point you towards the solution.
If you ask the right questions, your customers can share what their problem is, what they need. Your job as the Preeminent expert is to translate that into the right product, service or solution and recommend their answer in words they can understand.
You stop pretending you already know everything about them. You stop arrogantly thinking that you know what makes them tick and what they want. You spend time with them, talk to them, develop deep relationships with them and ASK them about their problems, hopes and desires.
REALLY KNOWING YOUR CUSTOMER BEGINS WITH LETTING GO OF THE NOTION THAT YOU ALREADY KNOW THEM.
The market is always changing, people are always changing. So you have to adopt âbeginners mind,â reclaim some innocence and return to wonder. This literally creates some space for new information. Itâs just like having a bucket thatâs already fullâyou have to empty it before you can collect something else.
CURIOSITY CAUGHT THE CUSTOMER
So, what does your customer want? Be curious. Ask them what they want. Ask them about their life and their needs. Ask them what would make their life easier. Is there an innovative way that is more advantageous to the quality of the life? To their business? How could you dramatically increase the value? These questions are a great place to begin.
Then dig deeper and keep digging. As you get to know your customer, youâre also going to start to hear the things that they are not saying.
Youâll start to anticipate where theyâre heading and what they need to support them. Youâll understand what they want so that you can lead them toward it on a route that will be more efficient, enjoyable, rewarding or less expensive than the way theyâve gone before.
When you know your customer that well and can provide that kind of value, they will love you. They will refer others to you. They canât help it because theyâre so happy and so grateful. Because youâre giving them what they want and need, youâll start to attract all the customers you want.
This bears repeating: your customer probably doesnât know what she needs. But you canât sell her something she donât recognize that she needs. How do you make these two things come together, even though they seem in conflict?
Hereâs now you unite them. Very few customers are out shopping for a specific product or service. As a matter of fact, something like only 3 to 5 percent are shopping for a specific product or service at any given time. The other 95 percent to 97 percent are looking for ways take away their headaches or make their life better. They donât know that what you offer takes away their headache or makes their life better. When you understand their problem or need, youâll understand how to deliver the right solution.
As the expert, you also know that when you first get started, you can solve perhaps only part of their problem. Your objective is to first get them to work with you. Then you will build trust as you deliver a solution to your customerâs great satisfaction. Now that you have their trust, you can introduce the rest of the solution that really, really solves their problem.
The only exception to this is when a customer arrives on your doorstep thinking they know what they need and they are totally wrong. You know they are...