The offer is going to be the #1 driver of success of any campaign
The Goal is to de-commoditize the offer "Category of one"
This forces customers to make a value based decision instead of a price based decision
More Leads more sales at higher prices
"We don't need to change what we are doing
We need to change how we present what we are doing"
B2B Agency Example"
1500 a month -> Pay me once then only pay me when someone shows up
Picking markets: "Starving Crowd"
How to Pick the right market
Three levers of success
Four variables when picking a market
Three main markets - Find your submarket
Riches are in the Niches
Three Levers of Success (+ neutral or bad)
Market > Offer > Persuasion
Market
Toilet Paper in covid
gonna sell out no matter what
Offer
Persuasion
Four Variables
Pain
Purchasing Power
Easy to Target
Growing
Three Main Markets
Health
Wealth
Relationships
B2B vs B2C
to business
or to consumer
So that they can X
Your Goal
I help a unique avatar solve a specific problem in a unique way that reverses their biggest objection.
Riches are in the Niches
Time Management $19
Time Management for sales professionals $99
Time Management fr Outbound B2B Sales $499
Time Management for Outbound B2B Power tools & Gardening Sales Reps $1997
Same product 100x Price
The Goal of Great Writing is for the reader to understand
The Goal of great copy is for the prospect to feel understood
“If you can explain somebody's problem better than they can, they will automatically attribute you as having the solution.” — Wyatt Woodsmall
Charge It's Worth (Pricing & Value)
Your offer may not be converting because you are charging the wrong price.
Here's how to pick the right price
Price to Value Discrepancy (up value)
Virtuous Cycle of Price
High Prices = High Value
Price to Value Discrepancy
Graph
People will continue to buy from you as long as value stays above price
The moment value dips below price they will stop buying
Two ways to change the balance
Lower price (bad)
Raise Value (good)
You can only go down to zero but you can go infinitely high in the other direction
Selling dollars at a discount
per dollar they get more
Virtuous cycle of price
Don't price for market efficiency
Increase your price effect on your clients
Emotional investment (up)
Percieved value (up)
Results (up)
Demandingness (down)
Revenue for fulfilment for customer (up)
Increase your price effect on your business
Profit (up)
Percieved value of self (up)
Perception of impact (up)
Service levels (up)
Sales Team conviction (up)
High Price = Hige Value
Same wine in
High price
Medium Price
Low Price
People reported the expensive wine tastes better
Charging higher prices makes your product better
Goal: Be so much more expensive that a consumer must pause and think "This cannot be the same category of solution as everyone else thereby making you a category of one
Note: If you have something where a client most do something to be a successufl, the more invested they are the more likely they'll follow through
Increasing the quality of your prospects increases the qualty of your product