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The topics and opinions expressed in the following show are
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solely those of the hosts and their guests and not
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those of W FOURCY Radio. It's employees are affiliates. We
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make no recommendations or endorsements for radio show programs, services,
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or products mentioned on air or on our web. No
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liability explicit or implies shall be extended to W FOURCY
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Radio or its employees are affiliates. Any questions or comments
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should be directed to those show hosts. Thank you for
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choosing W FOURCY Radio.
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Welcome to Powerful Business Strategies, where you will find out
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that everything you have ever learned about growing your business
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is wrong. Finally, a show where you'll learn the right
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way to grow your business by learning business and financial
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strategies that your competition isn't doing. And now here is
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your host. President of NeXTSTEP CFO Michael Barbarita and joining
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Michael for today's show as an executive moderator is chooky obio.
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Yes, this is chookey, and I believe that gratitude is
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undefeated and growth is about the next step. It is
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an honor for me to moderate today's discussion with my
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good friend Michael.
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Michael, how are you fantastic turkey? How you doing I'm
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doing well. So my name is Michael Bob Reader and
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I am president of Next Step CFO, and next Step
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CFO is a fractional CFO and strategic implementation firm. Our
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vision is to ensure overwhelmed business owners achieve the time, freedom,
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and consistent profits to build a legacy and live the
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life they desire. Our mission is dedicated to guiding small
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business owners to leveraging their time, exploding their profits, and
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build a meaningful legacy. You know, the show Powerful Business
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Strategies in our book of the same name is a
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step toward accomplishing that vision and mission. And so with that,
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I'd like to hand it back to my co author
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and moderator for the show, Shooky Obia.
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Great, so very excited Michael about today's episode.
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And can we remind our audience.
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We've got a good group of business owners and leaders
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really across the country that it's uned in.
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Can we remind our audience of today's topic?
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Yes, well, we're finally I thought it was time for
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us to finally talk about what we mean by everything
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you've ever learned about generating leads and growing your business
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is wrong. Everything you ever heard, everything you ever tried,
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and everything you've ever done, it's all wrong. And I
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what we really want to accomplish today is to talk
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about a system for marketing and growing your business to
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a point where it becomes instantly obvious to your procests
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and that they would be nuts to do business with
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anyone other than you at any time, anywhere, or at
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any price. Yes, And those three reasons today that we're
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going to cover is strategic marketing versus tactical marketing, outside
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perception versus inside reality. Yes, and crush the competition versus
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copy of the competition. And so I'd like to go
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through those today. But before I do, Chooky, one of
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the businesses I completely fell in my face on was
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a comprehensive outpatient rehabilitation facility called Freedom Therapy Center. And
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one of the reasons why I failed is because I implemented
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business and financial strategies that my competition was doing. I
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act incessantly about how we had top notch therapists, how
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we had a medical director on staff, how we were
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in a convenient, modern location. I even talked about free parking,
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and knowing that my competition knowing that, and I would
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despite that, despite knowing that my competition was saying the
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same thing, I didn't change it. And I even marketed
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the same way as my competition was through doctor networks.
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And because we offered health insurance rebursements just like everyone else,
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I couldn't even offer the lowest price, you know, which
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would have been the only differentiation I had. So here's
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the thing. If I had put together a marketing strategies
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that circumvents the doctors and marketed directly to the consumer
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using the strategies that we will talk about today, I
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would still be in that business today. I could guarantee you. Wow.
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So yeah, yeah, So the three reasons once again, why
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everything you've ever learned about growing your business is wrong,
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is understanding strategic marketing versus tactical marketing. That's one second,
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outside perception versus inside reality. That's two and third, crushed
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the competition versus copy the competition.
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Yeah, Michael, look, you've got me really energized about today's episode,
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and I imagine we'll go through these three reasons. We'll
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try to do as much back and forth as possible
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to really substantiate those three reasons. In addition to that, folks,
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we do have a segment towards the end of today's
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show called Business Compliments. Again, this is really in high
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demand from a number of listeners, so we will get
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to that towards the end of our discussion today. So Michael,
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let's start here with just like a quick disclaimer. You
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and I are both affiliated with a number of different organizations.
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I currently serve as the managing director of business Developments for.
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Better Price, which is a global business focused law firm.
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In addition to that, Michael, it's really an honor to
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collaborate with you strategically on a number of business roundtables
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as well as with the book Powerful Business Strategies. Now,
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today's discussion does not necessarily based on our personal success stories,
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but in addition to our personal success stories, on learnings
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from the work that we've done with business owners really
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across industries across the country.
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So very excited by that.
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And then just another quick point of reference, adds the
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Fearless moderator.
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For today's show.
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I will try to ask you some questions, Michael, so
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be prepared, Michael.
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I'll do my best. We like, we like when people
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bring genius to the show.
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There you I appreciate I appreciate that's setting the expectations.
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Also the listeners and audience members. You folks can participate
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by sending your questions. So we already get in a
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number of really good questions and comments, so we'll power through.
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So with that, I'll toss it back over to Michael.
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Thank you too, Key. So I want to show you
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how to leverage what you're already doing just by making
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a few tweaks to your marketing and advertising. I'm not
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talking about radical changes here, just simple common sense shifts,
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maybe three percent in one area, five percent in another,
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small changes that enable you to exponentially leverage your marketing's
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results and in the process, dominate your entire industry. I'm
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going to show you how to achieve massive leverage with
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your marketing, meaning that you'll make more money for the
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same time, the same investment and the same effort that
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you're expending right now. Once again, these are just small
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little tweaks. And why will this enable you to dominate
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your local market? Well? Simple, you know, most businesses simply
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don't know how to do this. This is clearly doing
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what your competition isn't doing. Business owners simply don't understand
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the tremendous untapped potential that lies within their marketing. No,
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most businesses today spend some money on marketing and advertising
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and then decide whatever results they get from that marketing
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is probably about as good as it's going to get.
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And I'm here to tell you a point blank that
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nothing could be further from the truth. The marketing system
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that we'll talk about today is based on unchanging principles
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of human nature that dictate that people always want to
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make the best buying decisions possible, and therefore marketing's job.
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Your job is to not yack incessantly like I did,
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about how great you are or how low your prices are.
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Your job is to position your perspective buyers so that
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they have total control over the decision making process based
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on them having enough quantity and quality of information to
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determine that they're receiving the most value for the price
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that they pay. And so what I'm going to talk
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about today may very well be a breakthrough in marketing
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and advertising. Yet it's simple and easy to understand, and
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this literally works every time it's implemented correctly, regardless of
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what business or industry you're in. And yes, you know
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it's a qualifier when I say it works literally every
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time it's implemented correctly, and that is a qualifier because
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it has to be implemented correctly otherwise you know, and
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you must go through the proper steps otherwise it's not
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going to work. So I'm going to introduce to you
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some very common sense principles of marketing that you'll be
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able to instantly validate and embrace. Principles that will give
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you a clear vision of what your marketing is supposed
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to look like and just as importantly, what it's not
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supposed to look like. I want to show you the
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fundamental formulas and strategies not only make your marketing work better,
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but to enable you to create what we call well
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competition crushing marketing. I want you to see how powerful
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all this is allow you to comprehend what the possibilities
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are for your business and what a significant advantage you'll
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hold over your other competitors. So let's get.
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Started, Yes, let's absolutely get started.
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So there are two main components to any marketing plan,
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strategic marketing and tactical marketing. So this is that first
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reason that we talked about strategic marketing is the content
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of your message it's what you say and how you
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say it, including the concepts that you choose to focus on,
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the words and images you use to communicate those concepts,
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and the tone in which the message is delivered. Tactical marketing,
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on the other hand, has to do with the execution
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of the strategic marketing, such as placing ads, building a website,
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attending trade shows, focusing on colors, sponds, and things like that.
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If I ask a business owner about their marketing plan,
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the answer almost always comes back in terms of tactical marketing.
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You know, they send direct mail, or they run radio ads,
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or create a website, those kinds of things. But the
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key to effect of marketing is to master the strategic side,
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not the tactical side. What you say in your marketing
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and how you say it are almost always more important
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than the marketing medium where you say it. The tactical
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part is important to a point of course, but the
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real leverage is in the messaging itself, and that's the
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strategic side. In fact, yeah, in fact, when a marketing
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campaign fails, the tendency is almost always to blame the
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marketing medium like the TV or radio station, which is
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the tactical part of the plan without any regard to
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how good or bad that strategy is behind that marketing piece.
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During this show, you'll learn how to see differently in
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a way that will make a profound difference in your
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marketing results. This system has been successfully implemented in over
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four hundred different industries, including social media consultants, contractors, business brokers, accountants,
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financial companies, retail stores, retail real estate companies, home builders, restaurants,
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software companies, doctors, dentists, remodelers, internet companies, manufacturing companies, to
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anything and everything else you can think of. This works
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for all sizes of companies. The system will let you
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finally quit competing on price and start selling your product
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or service for what you're really worth. You'll drive in
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more leads and often see an increase in your advertising
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response by two to more than one hundred times. You'll
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also convert a higher percentage of those leads and make
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your salespeople into superstarves. You'll also increase the amount of
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your average sale, and your list of clients that pay,
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stay and refer you will increase. In short, you'll get
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a bigger bang for your marketing buy. But maybe best
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of all, you'll finally have total control over your marketing
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and lead generation results. So let me start by asking
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what's the actual purpose of marketing. I mean, what is
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marketing really supposed to do well? In a nutshell, marketing
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is supposed to help facilitate your prospect's decision making process.
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There are prospects out there that need to buy what
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you sell. Sometimes they need to be educated to the
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fact that they need to buy what you sell in
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the first place, and other times they already know that
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they want it, but they need help deciding who they
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should buy it from. Often they think they might you know,
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they might want you to sell, but they have questions
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and concerns that need to be overcome before they pull
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out their credit card or checkbook. But consider this, because
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these prospects are not experts in in what you do,
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or their exposure to what you sell is quite low,
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they don't really know the relevant issues surrounding the purchase.
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They don't know how to make the best decision because
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they can't tell the difference between the best deal and
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a major mistake, Which leaves you the opportunity for you
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to provide them with this information and guide them through
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the buying process. Now, all prospects and customers want the
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exact same things, and it really doesn't matter what type
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of business you have. They just want to feel confident
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that their money is being well spent. They just want
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to get the best deal, not just the best price,
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but the best deal in terms of overall value. People
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instinctively want to make the best decision possible and they
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don't want to feel like they got second guests on
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their buying decision. So all you have to do is
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the marketer is figure out what's important to your prospects,
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Educate them as to what constitutes the best deal when
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it comes to buying what you sell, focusing on value,
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of course, and then show them quantifiable proof that you
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actually provide the best deal in terms of price and value.
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All of this has to be communicated to them in
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a way they'll pay attention, to, believe in, and then
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take action on. So perspective, buyers want and need to
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be educated so they can feel confident when making their
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purchase decision, and no one's providing it. Here's the good news.
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The first one who does provide prospects with this information