Thursday, July 9, 2015

Lifeboat Part III

Mel,

And now the exciting conclusion to our story of the rise and fall of the biggest deal of my career.  We join our hero soon after being fired from yet another job...

...These experiences forced me to figure out what I should really be doing. And in this case the problem wasn't really all that obvious or formulaic. Let me tell you what it was.

The rep firm I worked for sold off-the-shelf components, a lot of them were relatively simple things that I found rather boring.  I wanted to be a consultative sales guy. I wanted to sell sophisticated things using my knowledge and expertise, and this rep firm was not geared towards that kind of sale. The company's product mix was mostly stuff you sell to purchasing agents, and I wanted to sell to engineers. The mismatch between my natural abilities and my company's business plan was an unsolvable problem.

The other problem was: If you want to do a consultative sale, you cannot chase people around with cold calls and all that. It ruins your positioning and destroys the respect that you need to get listened to in the first place. Because of my extreme state of agony I had finally discovered the world of direct marketing and was beginning to understand how I could get prospects to come to me.

So I did a serious self-inventory and came up with the following criteria for my next job:

1. Sell to engineers, not purchasing agents
2. Sell products that the glad-handed, rapport-building, joke-telling, doughnut-buying, purchasing-agent-schmoozing sales guys wouldn't know how to sell in the first place.
3. Find a company that understands the power of good marketing - and hopefully even let me try a thing or two

You know what? Once I had that list in place it was not hard to figure out where to go next. Thousands of possible jobs were eliminated from consideration from the very start. The next job came quickly, it met all those criteria, and my first commission check was my biggest ever. And the sales weren't hard to get.

Everything was much, much easier.  It was the start of a four year success story, the best and last job I ever had.

One of the misconceptions people have when the chips are down is they think everything is supposed to be hard.  You get into this self-flaggelation where you start to think, "This is hard and it's barely working. Maybe if I find something harder, that will actually work."

Actually the opposite is true. When you find a groove, it really is a groove. You don't have to force things to happen. But you have to be willing to walk away from things that are barely working to make room for things that can work really well.

Test fast. Fail fast. Move on. Next, next, next. Being unable or unwilling to walk away, that's the kiss of death.

Perry's criteria for a good sales job is not gonna be the same as yours. But the point is, you have to know yourself.

You have to know your USP in the world, your own personal Unique Selling Proposition. You're special, you have something unique to offer, you have a unique life experience, and people out there need that experience and expertise, right at this very moment.

Perry Marshall

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Wednesday, July 8, 2015

Lifeboat Part II

Mel,

Last time I told you Part I of the story. You remember, I was a manufacturer's rep and I had dug up the biggest deal of my career. Customer had the budget, the ROI was phenomenal, my company's product was a perfect fit. I was already spending the commission money...but then...

...but then the System Integrator started to back off. The guy said he didn't wanna crawl around in grit for six weeks and install this stuff.  (I liked going to the steel mill, it was just about the only place where they'd let me in anytime I wanted to show up. I felt accepted there, and in the state of mental rejection I was in, soot and slag was a lot more appealing than phone calls.)

I remember arguing with him one day on the phone, and as soon as I got off the phone, my boss Wally called me into his office and explained to me that this deal had no life left in it. The integrator wasn't gonna play ball and the steel mill project was dead.

Eventually the job itself tanked and Wally and Fred did what was, in hindsight, the kindest thing they could do: They fired me. They knew I was a good guy and they said they would put in a good word for me if anybody asked. But we'd all tried everything we could think of to make it work and it wasn't working.

Did I feel ashamed of myself at 9:30 in the morning when Laura glanced up and saw me walk in the door, having been fired from yet another job? You bet. Did I wonder where my next check was gonna come from? You bet. Was I a perpetual misfit? You bet. Did I wonder if I was ever gonna find my groove? You bet.

But such was my tuition in the school of hard knocks. No way around it. Up to that point I had all kinds of fictitious notions about what it took to be successful in sales and the only thing that could rid me of those notions was the hardness of the pavement.

To be continued...

Perry Marshall

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159 N. Marion Street #295
Oak Park, Illinois 60301
United States
(312) 386-7459

Why Most Entrepreneurs are "10 Miles Wide and a Quarter-Inch Deep"

 

 

Only 2 seats left for my August 4-Man Intensive

Contact Josh@PerryMarshall.com 

Mel,

 

It was a gorgeous afternoon in May and I was in the lovely metropolis of Peoria Illinois, attending a "SUCCESS SEMINAR" with Barbara Bush, Zig Ziglar and a bunch of other sales superstars. 

I didn't know it then, but I was about to get demoted because for 18 months I'd sold next to nothing at my sales job. Even though I spent the year pounding the phone, making calls, setting appointments, seeing people, every deal went south. I was living on borrowed hope. 

I had a 2 year old girl at home, Laura was a stay at home mom, our credit cards were spiraling out of control. I knew some bridge was gonna buckle soon and when it did, the cars were going to go splashing into the river. Glug Glug Glug. 

That afternoon in Peoria was the day I discovered the world of direct marketing. I bought $300 of tapes and manuals on a credit card that still had room on it and went home hoping that finally, at long last, I had found my elusive answer. 

The next day, when I told my boss how it was possible to use advertising to attract prospects and it was no longer going to be necessary to make cold calls all day long, he looked at me like I was the world's biggest MARK with a red bullseye on my head and dismissed the whole thing with a wave of his hand. 

Shortly after that he demoted me to production manager, a job I loathed. 

By day I worked my job. At night I studied that marketing manual, and listened to the tapes over and over again. Finances continued to worsen. 

I applied for an evening teaching job at a tech school. I would never see my wife or little girl but maybe if I worked 16 hours a day I could stop the bleeding. 

If a job like that was punishment, I probably deserved it - given my continuous string of failures. Maybe that job would teach me a lesson. Maybe that lesson would finally sink in. Then maybe I would turn things around. 

I couldn't go back into engineering cuz it didn't pay enough. Everyone I talked to about a sales job asked me what my sales and commissions were. It was awfully tricky to give them an honest answer without outright admitting that I had nothing to show for the last 18 months of my life. 

I didn't get the teaching job. 

A few months later, a tiny company offered me a position. I'm not sure whether they could tell how bad my track record was, but I did understand their products. Plus their self image might not have been a lot better than mine was. They were barely getting off the ground. 

I started that job December 1. I'd gotten fired from the previous job a week before. But because of Thanksgiving break, the new boss never managed to find out about it. So I managed to jump from one side of the buckled bridge to the other, without my car falling into the drink. (My car was a $1200 Honda Civic with a recently blown engine.) 

This new company was getting leads from the Internet and they were quality leads. Plus they'd been getting 'em for quite some time, and nobody had been following up on them, so all the sudden I wasn't cold calling anymore. 

Something clicked. My commission check in January was the biggest check I'd ever gotten. 

By the end of my time at that company, I'd managed to apply a good deal of the stuff I learned from those Dan Kennedy and Paul Hartunian newsletters and acquire a decent reputation. Over the next four years my income doubled. 

We got a ton of publicity, generated a lot of nice leads, and my boss sold his company for $18 million. 

During that four years, as I cut my teeth as a direct marketer, I spent as little money on education as I could get away with. We had lots of debt and no extra money. Some months my education investment was as little as twenty bucks a month. Occasionally I finagled a trip to a marketing or negotiation seminar somewhere. Sometimes I managed to stick a product or book on my expense report. 

My goal was: 

GET AS MUCH MARKETING EDUCATION FOR YOUR DOLLAR AS YOU POSSIBLY CAN, AND STRETCH THAT DOLLAR AS FAR AS HUMANLY POSSIBLE. 

That plan was fine for where I was at - employee with marketing projects on the side, little minnows that reel in a couple hundred bucks here and there. I'm not sure anyone squeezed more out of a twelve dollar a month newsletter subscription than I did. Yessir, I got myself a quality, economical education. 

Then.... I hung out my shingle. Struck out my on own. Started servicing clients. Trying to publicize myself and my expertise and sell info products. Began running into all manner of industries and situations I'd never encountered before. 

This was a WHOLE NEW BALL GAME. 

The slide-on-by with as little expense as possible strategy was obsolete. I was now on a STEEP learning curve and I could NOT afford one bad move. 

Suddenly I never spent less than $300-400 per month on my education. As I recall, in my first full year out of the Dilbert Cube, my total investment in all such things, including plane tickets and everything else was $11,000. 

I was getting my Street MBA. I could not afford to miss any relevant insight. If I needed a skill and if someone could teach it to me, I was paying their fee. 

 

I made my purchases very carefully... but I did not hesitate to make them. 

Laura and I were talking the other day. She reminded me: "You know Perry, most peoples' spouses do not have the attitude of "Honey, if that's what you need in order to do what you need to do, then GO." 

Oh yeah. That's right, I almost forgot. Most people need to be sold... and sold again. And again. And again. On the necessity and value of investing in yourself. Most people stop halfway. 

You must not let any lack of knowledge or skill get in the way of finishing what you need to finish. You master it... you hire it done... whatever it takes. But you don't cheat. 

There's a couple of other things that really helped. 

When I found a good well, I drank it dry. 

I did NOT run around all over the place, sampling every free thing in the world. I kept my list of mentors narrow. It takes a brainiac superhuman to integrate the approaches of 26 different masters. I can count on one hand the people I know who can do that, and I'm not one of them. 

Another thing: I "picked the chicken clean." This was a very big deal. I read and listened to things 2, 3, 4 times, not just once. In 2015 with Twitter and Facebook and the bulging firehose of information most people drink from, that almost sounds antiquated. But it's necessary. 

Most folks are 10 miles wide and a quarter inch deep. Having nine communication channels just gets in the way of learning or mastering anything. There's 144,000,000 videos on YouTube and you'll learn nothing by watching 10 nanoseconds of every single one of them. 

You only master by going deep. 

I have friends in the marketing biz who tell me, "Perry, you sell mastery. Nobody wants mastery. That's not fashionable. Everybody wants a quick fix. Just give it to 'em." 

Sorry. That's not how I roll. I think the best quick fix of all IS mastery. Always has been, always will be. 

Master SOMETHING. Any skill you know will last a long time. Know how to do it backwards and forwards, inside and out, and guarantee someone a definite result. 

3-step algorithm for success: 

1) Find out the price 
2) Pay the price 
3) GETUP = FALLDOWN+1 

Maybe it takes you a week. 

Maybe it takes you a year. 

Either way, a little bit of mastery is better than a big, half-ass fantasy. 

Perry Marshall 

 

P.S.: Only 2 spots left for my August 13-14 Four Man Intensive. Apply by contacting Josh@PerryMarshall.com

 

 

 

 

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Tuesday, July 7, 2015

Did You See these Help Wanted Ads?

Mel,

 

Have you seen the Planet Perry Help Wanted ads? 

 

Here are some you may have missed...

  • Looking for someone to build banner ads, landing pages & follow up sequences for media buying campaign.
  • I need some help in writing a monthly letter to re-engage with my customer list that is about 2 years old. 
  • Need a "Talor Student" to help with AdWords campaign.
  • I want someone who can go into my google webmaster tools account, review it and identify what steps need to be taken to correct current issue
  • I need someone that can create and run PR/ Social media efforts to help recruit merchants and beta shoppers to a new online shopping platform.
  • I need someone that can produce short, animated style videos with a very rapid turnaround.

 

If you've got the chops to help these marketers, make sure you're signed up to get these help wanted notices. 

 

Where do you find the Planet Perry Help Wanted section? 

 

                             At Marketers 24/7. 

 

And if you're a Mastermind Club member or above, it's FREE. 

 

Get all the details here. 

 

Perry Marshall

 

 

 

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Meet Steve. Meet Yourself?

Mel,

 

Are you “Steve”?

 

Steve’s worn the sales hat, the marketing hat, the CEO hat, the financial hat, the product development manager hat.

 

Steve does NOT want to work one hour a day. He has no interest in just taking vacations or laying on the beach.

 

Steve wants to manage, steward, even cherish the one opportunity he has now to make a BIG impact in the world.

 

Steve’s struggled at times to hold body and soul together. Somehow he’s managed to mostly listen to the right teachers. He's dodged bloody land mines, and today he finds himself in a place of respectability.

 

Steve’s company only grew 12% last year and 10% the year before that, and he knows MUCH larger leaps are possible.

 

Steve believes the world is at a crossroads right now. He knows great uncertainty looms, meaning both great danger and great opportunity.

 

Steve knows people will need what he sell regardless and they may need it worse.

 

Steve believes that talents, ideas, opportunities, businesses, authority, finances, relationships are on loan from the universe. Not to be wasted.

 

Steve’s not trying to be a big shot so he can own a fancy yacht. He’s trying to be a big shot because fundamental problems need to be solved and the world’s at a perilous juncture.

 

Steve believes he has one opportunity to make a difference.

 

Steve believes the next ten years are critical. The next ten years are his legacy.

 

Steve will be joining me for a very special event in August.

 

Find out why here. 

 

Carpe diem,


Perry 

 

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Clinging to the Wreckage...and Missing the Lifeboat

Mel,

When I was a manufacturer's rep in Chicago I had an opportunity to eat a lot of humble pie. For a year and a half I pounded the phone relentlessly, faithfully, digging up big opportunities and bringing them to the companies I represented.

Any one of these deals would have added a bare minimum of a few hundred bucks a month to my commission checks. Back then even that would've been a godsend. One by one, the companies I worked for would systematically screw them up.

I became more stressed, more desperate, increasingly in denial about what was and was not a good opportunity. I developed tunnel vision, becoming oblivious to dangers around me.

One day I ran across a massive opportunity. US Steel in Hammond Indiana needed an optical sensing system that would optimally shape massive hunks of molten steel, minimizing the waste that had to be cut off when it was processed.

A slight improvement would save the company several million dollars a year. They had the budget for it, the only problem was finding a systems integrator with the expertise to design and install it - it would be a custom piece of equipment.

I knew an integrator who could probably do it, they visited the customer and submitted a quote. $1.1 million, on which my rep firm would get 10% and I would get half. A $55,000 commission check was more than I made all year. I was counting those dollars. I was already bragging to my friends about this.

Not only was I salivating over the money (I was going deeper in debt every single month) but this project was so cool. It was hands down the coolest thing I'd ever encountered...

To be continued...

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Perry S. Marshall & Assoc
159 N. Marion Street #295
Oak Park, Illinois 60301
United States
(312) 386-7459