Who might otherwise not be buying from you!
So, how does that help you? Well, having been in business and applied many of Chet’s principles, I wanted to distill what may be of the most value to any and all business owners, such as you, seeking a better way to achieve more.
One of the most powerful principles is the “The Buyers Pyramid”. One of the biggest eye-openers in this is the miniscule percentage of people, at any given time, who are actively in the market to buy a product or service like yours.
Whether you saw or heard Chet speak, or read the top-selling book, “The Ultimate Sales Machine” I wonder if you remember the answer (or fully appreciate its significance). This is important as it has huge implications regarding your potential for greater success.
The Chet Holmes® Method breaks down the entire audience of buyers in any market into 5 key categories:
- Percent who are interested in buying “right now”
- Percent who are “open to consider such a purchase”
- The amount who are NOT thinking about it at this time
- Those who don’t “believe” they are interested (based on the info they have at hand)
- Those who are definitely NOT interested
You see, Chet polled audiences by the thousands during his live events. He asked for a show of hands if people where “in the market” for such things as tires, cars, home remodeling, carpeting, technology, etc. What he found was, across the boards, only 3% of any market is in the “buying mode” now.
*Download chapter 4 of “The Ultimate Sales Machine” now on ‘Becoming a Brilliant Strategist‘ to learn more on this.
So, how and why is that relevant to you?
Well, if you pick up the newspaper on a Friday you will see may ads for automobile tire suppliers. They are directed at that 3% (but they do nothing to move those other potential buyers closer to choosing them when the time is right…which could be very soon). You never know when someone’s Maximum Motivation Date to buy may occur.
The goal here is to move any outliers into a place of choosing your solution sooner and to be sure that whenever the time comes, they think of your company first. To do this your message has to be powerful and it has to be education-based to resonate.
The lesson here is to teach your “prospects” what they need to know to make a smart buying decision and position your solution as the “obvious choice”.
One of the key ways to do this is to offer “insights” and “education” to help people make a better buying decision when the time comes (and to move them through the sales funnel rapidly).
Let’s keep with tires as an example, mostly because it’s easy to see how a small shift has huge benefits.
The typical full-page tire ad has the company name at the top and some sort of “SALE” predominantly placed. They are often ineffectively competing on price for their share of that 3% of people who are buying now.
Consider, instead, having the ad began with the headline, Warning: Do Not Even Consider Buying New Tires Before Reading Our Free Report ,“What You Don’t Know About Buying Tires Can Cost You Money and Threaten the Safety of Your Family”. Many more people would be compelled to read your ad. If you then present “public service announcement-like” information you will stand out from the crowd in a huge way.
Also, that report would include information that gets people to consider getting new tires even before they believe they need to (because you’ve educated them to the fact that even when not fully worn, their tires may no longer be safe or may be costing them fuel efficiency).
You can move those people from ‘not buying right now’, or ‘not even thinking about it’, to becoming your client/customer more surely and more imminently. You just need to actively and skillfully create your Ultimate Sales Machine through a formalized tried and true system.
Share your education-based marketing approach with us on Twitter @ChetHolmes and include hashtag #newbuyers.
By, Ralph Napolitano, President Client Services Division at Chet Holmes International and small business owner