Online Business Tip: Ask These 4 Questions, Stand Back And Watch…

I must confess…

I’ve changed my mind about what I was going to write about today — four times already… why?

The answer is simple. You see, yesterday I gave you the formula for creative massive profits (VC)x2(P)=($$$). Then I asked you: “what you need to know next?”

And the feedback you gave me was excellent…better than ever…in fact they’re all…

TOO EXCELLENT!

For example…

  • James – what needs to be in place before approaching VIPs?
  • Eran – what are the strategic elements in leveraging (P) and (VC)?
  • Vincent – what’s the first step to making the formula work?
  • Nicola – what other activities should she be doing?
  • Curt – how did I create (VC) in my reports?
  • Ryan – how to apply (VC) to “what’s most personal is most general”?
  • Greg – how to improve content to seize his audience’s interest?

And so on… and so on…and so on…

See what I mean? They’re all great + there’s tons more!

So I started answering one, then thought “no, this other one is more important” and scrapped the one I had already started. And I did that again… and again… and again.

Want me to prove it…

garabage on the beach

(see all those crumbled up papers? Those are the attempts that’ll never see the light of day again)

But then it hit me! And now I’m absolutely positive…

YOU’RE GOING TO LOVE THIS BLOG POST!

Why?

Because I’m going to answer all of them in one fell swoop.

Bottom line: I’m dedicating every second of every minute I have left here on this beach today to give you 100% of what I can squeeze in.

And you want to know why? Because anything less would…

CHEAT YOU OUT OF THE MONEY YOU COULD BE PULLING IN!

Alright, enough foreplay…

You see, I realized by my 4th attempt on this here post – this: My answers to each unique question was strikingly similar.

Here’s why: They all centered around two concepts…

CLARITY & CERTAINTY

It seems to me that’s what many of you are missing.

O.K., the first thing you need to know is clarity (in everything) always comes first.

It always does.

In fact, with clarity, you’ll have…

ALL THE CERTAINTY YOU NEED!

See what I just did?

I just cut my work load in half!

Whew…I’m thinking I might just pull this off now.

I’m going to pose four questions that have the power to totally transform your business starting right now.

But, please, stick with me. Because each answer sets up the next question. Which means you might not “get-it” until the fourth and final question.

But sure as night follows day… before we’re through… it’s going to hit you like…

A TON OF BRICKS!

That stated – let’s dive in.

Question #1: What impact do you want to have on the world?

Reason it’s important: Because if you’re an entrepreneur you’ve got big dreams. You want to (I’ll quote Steve Jobs here) “put a dent in the universe”.

And your business is the living, breathing, organism that you’re going to leverage to accomplish it.

My Example: I want to radically increase the odds of success for any entrepreneur who starts a business online… while also drastically improving their life experience. To alter the world of small business forever!

(sidenote: do you see how this gives me all the direction I need to write these blog posts?)

Hint: Think… if you could… really… make the world a better place… who would it impact?… and what change would you want to create?

Next…

Question #2: Why does your business exist?

Reason it’s important: This answer takes your dream and focuses it like a laser beam on what your business should be doing right now.

It’s the North Star for deciding what products to create, what should be in those products, who you’ll need on your team, and countless more big and small decisions you make in your business.

My Example: Strategic Profits exists to ignite the entrepreneurial spirit in the minds of our clients… the entrepreneurial drive and desire in the hearts of our clients… while providing the advice, tools, and roadmap to building the business of their dreams!

(sidenote: do you see how this focuses and inspires me and everyone at Strategic Profits? That our work matters? that we have a bigger vision for our clients than they might even have for themselves?)

Hint: Think about taking your answer from question #1 and clarifying it by figuring out what you’d have to do to actually accomplish it. Also, take it from your personal ambition to a rallying cry for everyone that connects with your business (employees, outsourcers, prospects, clients, vendors, etc…)

Next…

Question #3: Who are your prospects and customers… really?

Reason it’s important: Obviously, you won’t know what products or services to market… how to market them effectively… where you should be marketing… what content will really turn them on… what content will ignite a buying frenzy.. etc. Until you can answer this question spot on!

I suggest you create a persona – where you give them a name – find a picture that represents them – and a complete description including – who they are… how old are they… male or female… their home life… their relationship with friends and family… their biggest worries… deepest desires… major frustrations… darkest doubts… firm beliefs… biggest dreams… insecurities… suspicions…etc.

My Example: Sorry, this is something I can’t share publicly on the blog (I do in some of my courses) – because when you develop yours in the same detail we have… it becomes a huge competitive advantage. And I’ve got too many competitors who read my blog religiously, and it would be rather stupid of me to throw them such a big bone… I hope you understand (sorry).

Hint: I realize this is no small task – and in an upcoming post I’ll give you steps to create this – but for now…

…go to sites like Alexa.com, Quantcast.com. Compete.com and do searches and compare visitor profiles for the most successful companies in your niche…

…look at best selling products sales copy and try to determine the subtext of why they sell well…

…go to the most popular blogs in your market… look at which posts get the most questions and try to figure out why… read the comments on those blogs to gain even further insight…

Remember this: These are the most important people in your business life – they hold the key to your success or failure. So you must get to know them intimately.

There’s no doubt you’ve heard you’ve got to love your customers – but have you really ever thought of what that means?  You know, what does it mean to love your customers? Well, I can’t go into all the details now – but…

Know this: When you fall in love with someone your usually obsessed about learning everything about them… right? So, can you honestly say you’ve fallen in love with your customers?

Next…

Question #4: What are you really selling?

Reason it’s important: You’ve heard this before… You are not selling grass seed -you are selling a green lawn… you are not selling tickets to a baseball game – you are selling memories of a great afternoon a father and his kids will cherish forever.

When Samuel Johnson was auctioning off the Henry Thale brewery he said “We are not here to sell a parcel of boilers and vats, but the potentiality of growing rich beyond the dreams of avaraice”

Charles Revson, founder of Revlon, summed it up quite well when he said “In the factory we make cosmetics. In the stores we sell hope.

Know this: THIS IS THE MONEY ANSWER! — remember, all the answers we’ve done up to this point (while valuable in their own right) were done to better prepare you to answer this question – because the answers to this question create…

BREAKTHROUGHS IN YOUR MARKETING
THAT’LL EXPLODE YOUR SALES AND PROFITS

Hint: Whenever we’re thinking of marketing anything, the whole team gathers and we brainstorm as many answers to that question – “What are we really selling here?”

We come up with a long list of answers – vote on which ones we believe are the best answers and then we test ads and salesletters around each concept.

(and that’s what you need to do – whether you are alone in your business or you’ve got a team)

The difference in performance from one answer to another will astound you, open up new markets to your company and give you the midas touch in your marketing.

Think about this: Is Starbucks just selling coffee? Is Disney Land just selling rides? Is Porsche just selling cars? Am I just selling Business & Marketing advice?

See what I mean?

My Example: I’m running out of time – so I can only give you one – and if you’re really curious to see how I did this, read my free report “The Uncertainty Syndrome.” That report was the beginning of a marketing campaign to sell GPS — a course based on the Theory Of Constraints.

Now I can assure you no one in our market (before I wrote the report) woke up and said to themselves “I need to learn Theory Of Constraints” – But what we realized is… we were really selling the ability to fully tap into your potential – and a few weeks later we sold over 800 new clients in our newest $2,500 program and even more bought the $1,500 basic version.

See how powerful this is?

Good God! I’m already late – I need to jet to the office…

Also, do you see how knowing the answers to these four questions gives you all the certainty you need?

But before I go – please know I’m putting my heart and soul into every single one of these posts. And the biggest payoff I get is to read your comments and see your retweets.

But today I’m going to…

BRIBE YOU TO COMMENT
WITH MY MOST PRECIOUS ASSET!

On Monday I’m going to pick one lucky commenter (who also tweeted) to receive a free 1/2 hour one on one call with me to help you answer these questions.

I’ll announce the winner in Monday’s post.

And if you win…

I’ll point you in the right places… Give you my best answers to whatever questions you have… And help you in any way I can for the entire thirty minutes.

******************************************************

So here’s what I want you to tell me today:

1 – What’s Your Biggest Take-away From Today’s Post?

2 – What From Here (this post) Do You Want Me To Expand On For Monday?

******************************************************

And remember – you must retweet too if you’re going to win (I don’t care if you have zero followers, just sign up and do it anyway)

Have a great weekend…

To Higher Profits And Beyond,

Rich Schefren

THIS POST IS CONTINUED…
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Comments:
  • http://www.strategicprofits.com Rich Schefren

    chris – i think i answered your question in the next post – but you tell me… did i answer your question?

  • http://www.strategicprofits.com Rich Schefren

    you are right chris – all thinking really is asking and answering questions.

  • http://www.strategicprofits.com Rich Schefren

    brandon – i think i answered your question too – on monday’s post – tell me what you think.

  • http://www.strategicprofits.com Rich Schefren

    wow john!

    thanks for blasting out this message! I love it when something i created can impact more people because of the pass-a-long. so thank you for that.

  • http://www.strategicprofits.com Rich Schefren

    chris – i hope you further refine your answers A LOT MORE.

    no offense, but i don’t think you’ll get real far with those answers.

  • http://www.strategicprofits.com Rich Schefren

    we’re going to move to mindset real soon – so stick with me ron.

    and thanks for the compliment about my writing style. i try my best.

    it’s important that not only do you have great content – but you do your best to make it digestible.

  • http://www.strategicprofits.com Rich Schefren

    thanks for the compliment tony.

    i think i will expand on question 4 in a future post – so stay tuned.

  • http://www.strategicprofits.com Rich Schefren

    then just keep working on it giovanni – sometimes the right answers can be elusive – but if you keep working on it (like daily each morning) eventually you’ll hit the mother-load!

  • http://www.strategicprofits.com Rich Schefren

    thanks for noticing belinda.

    i’ll be answering your question real soon – but here’s a HINT… do you see how in this post (and also monday’s) i sort of worked that in?

    in other words, while the posts are all about you – my examples are all about me – and they give you a better understanding of what i am all about.

    like i said, i’ll be writing more about this in a future post – so stay tuned.

  • http://www.strategicprofits.com Rich Schefren

    jules – i am not a big fan of the take-away sale, especially when it’s applied to me – tell me more about your idea in future posts and why it’s so relevant to me and if you sell me i’ll have janine contact you.

  • http://www.strategicprofits.com Rich Schefren

    great question paul – let me think about that one for a while. and if it doesn’t get answered in the next few posts, remind me again – because i could and should give you more guidance on that.

  • http://www.strategicprofits.com Rich Schefren

    i am not worried about scanners ely… this isn’t a salesletter it’s a content rich, densely packed blog post.

    so, i’m only interested in getting people to read it – and if they skim it…. well… i guess it’s their loss.

    but i agree with your point in salesletter. wholeheartedly

  • http://www.strategicprofits.com Rich Schefren

    thanks for the compliment karen…

    i guess to answer your question – experience. realizing i was on the wrong track when i was… realizing those things that got me juiced and energized… and thinking through what my unique talent was and how it could be leveraged in a positive way to make a dent in the universe (smile).

  • http://www.strategicprofits.com Rich Schefren

    edwin – you make me blush.

    and thanks for your suggestion.

  • http://www.strategicprofits.com Rich Schefren

    thanks dazl….

    in the upcoming posts i’ll be doing exactly what you asked – the hows.

    check out monday’s post (today) – cause it gives you a real powerful how… although probably not in enough detail yet… but i’m taking you down a path – so just stick with me.

  • http://www.strategicprofits.com Rich Schefren

    it seems like a lot of readers want more help with question 4 – so i think we’ll have to answer that further… stay tuned.

  • http://www.strategicprofits.com Rich Schefren

    thanks tim. i hooked you in huh? cool. i love when that happens.

    and thank you even more for commenting – you know, it’s a nice way to let the writer (in this case, me) know he or she is making an impact.

    so thanks once again

  • http://www.strategicprofits.com Rich Schefren

    i hear ya kat – just know if you are creating real WOW value for your future clients – it’ll come – maybe not as fast as you’d like, but God’s delays are not denials.

    and all the hard work you’re putting in right now – will only make you more resilient and appreciate the future success you’ll achieve more special. promise.

  • http://www.strategicprofits.com Rich Schefren

    gosh sean… i don’t even know what to say – you’ve left me speechless. and that is no small task my friend.

    sorry you didn’t win the prize – but keep commenting and you might. because i’ve got some more tricks up my sleeve.

  • http://www.designerprofits.com Sean O’Sullivan

    Thanks for the acknowledgment, Rich. Mean what I said.

    Looking forward to the next posts.

    Sean

  • http://www.paidin14days.com Spencer Shaw

    I posted a video in response to this blog post for a couple reasons. Time and creativity. I figured everyone else wrote something down so why not be different and share my thoughts this way and it’s easier to just saw what I feel.

    http://www.youtube.com/watch?v=XSQMIpgAMFs

  • http://www.ryannickelco.com Ryan Nickel

    I just read this today. My computer died and I now I have a new one. I had a meeting with my former employer and business partner. I say former because the meeting took all but 5 seconds. It was a thank you for the times we had we’re both going in different directions and I respect that and will moving on. There was a peace in my heart and he didn’t try to keep me or want to renegotiate which tells me that it was right.

    Thank you…Ryan

  • nilsenj@gmail.com

    Rich,
    didn’t mean want to give you an initial bad impression but, it is totally 100% true and wanted to get your initial attention but I couldn’t think of a better way to make sure you read my full post……Should of started with this below:)

    BENEFITS TO YOU:
    1) Proven revolutionary(changes the buying criteria completely in the market) product in other country markets all sales are done through traditional word of mouth(when people see them they instantly become the center of conversation and the results people get the product is amazing) they don’t do any advertising. The small guy is doing very well already against some massive name brands in the market already. Want to introduce it to the largest emerging market in the world to which i already have a patent for and where traditional word of mouth advertising is even more powerful. You’ll understand why when I tell you.
    2) will be able to add a billion dollar+ company(size of the market is in the 40 billion market in the US just to give you an idea) to your already unbelievable resume, establishing you even more as one of the top entrepreneurs in the world and boosting your brand power at strategic profits.
    2) A fresh and new challenge in the one of the world’s most competitive traditional markets(the internet is just starting to explode but it is several years behind the US).
    3) Minimal startup capital needed(cheap product to produce and with word of mouth advertising things can be tested right away) but, due to the competitiveness of this new market strong backing is always best. Copycats are rampant in this business market but with first movers advantage and always being on the cutting edge of marketing and innovation and staying one step of the competition, we should be able to become profitable right away and to crush it long term.

    I’ve already approached a couple of investors and they had huge interest within a couple of minutes as the products sells itself but, to be honest I have no idea if they actually are who they say they are: for whatever reason they were just using me to find out about my idea or when i told them about word of mouth marketing they didn’t really get it at all and have a very traditional mindset

    Anyways Rich, all I need is few minutes of your time… the products sells itself with a minute or two of educating you with a few pictures and it totally resets the buying criteria for the whole industry. Seriously, that is how powerful it is!

    Jules
    nilsenj@gmail.com

  • http://TimothyBertOwen.com/interviews Tim Owen

    You are so right, I appreciate that reminder Rich!

    Report the weather here on the fjord to you Wed afternoon 3pm your time and 9pm ours when I am fortunate enough to also send some questions your way in this first month of your excellent Business Growth System coaching Q/A call.

    If you get this message before then, heads up that your Strengths Mastery Advantage service has revealed my Strengths MO as 6-2-8-5

    Is that close enough to be in the “cloned” category with you? :-)

    In any case, SMA is so important to what we’re up to that I’ll have a few questions for you around how we will best market it, with some of your personal assistance.

  • http://www.gzbaoguan.com/ Umabala

    wow, this is nice! and you say you are not a designer.. this is very nice