Latest / Success Story with Scott Clary / Lessons - How to 10X Your Business Without Spending More | Jay Abraham - Advisor to Tony Robbins & Fortune 500s
Transcript
- 0:00In this lessons episode, discover the strategy of preeminence and how it transforms businesses from
- 0:04transactional sellers into trusted advisors. Learn why prioritizing a client's best interest,
- 0:09deeply understanding their needs and reframing your role as a life-changing partner creates
- 0:13lasting loyalty and understand how challenging perception sets a brand apart in competitive markets.
- 0:17What is the insight for somebody building a business to understand the current state of the
- 0:31consumer and how to capture them and sell to them properly? Well, and you've studied some of my
- 0:37work. I have so much that it would be improbable to think you've studied all of it, but one of the
- 0:42earliest things that I was fanatical about was something I called the strategy of preeminence.
- 0:47I'm telling you this not to go rogue on you, but to go right to the answer. Actually, this was this
- 0:51was actually we haven't even gotten into that was the first thing that I was going to go into,
- 0:55but then you started to get interesting. So then I pushed it back a little bit.
- 0:59I think it correlates here. So I studied, I studied, I'm like a closet student of the human condition.
- 1:11And so I studied for years as I was doing this. You know, the people who own preemptive and
- 1:17preeminent and I went from people that had that had significant what's the word I would use.
- 1:28They were prominent and then I looked for preemptive and then I looked at preeminent and it was
- 1:36a very, believe it or not, if you look at gradients and I'm into I studied and I'm not a mathematician,
- 1:41but people don't realize this. Everybody and by the way, I'm a poster boy for adult attention deficit.
- 1:48And I'm like a net that has had a lobotomy. So you'll have to tolerate me going rogue on you
- 1:53and me on myself. But I studied everyone talks about the 10x moonshot. I'm going to get to
- 2:00preeminence in just a minute, the 10x moonshot, you know, exponential growth. And I studied it for a
- 2:06little bit and people don't realize that in math, you study math, which I didn't. I just did some
- 2:11research on it. There are five or six gradients that are literally above and beyond
- 2:18exponentiation. It's called hyper operationalization and it's tetration, hexation,
- 2:24pentation, octation. And you couldn't even correlate it. It'd be like to infinity or beyond.
- 2:30And the point is you can really take performance so much higher for the same time, effort,
- 2:35opportunity, capital access to the market, human capital, etc. Now back to your answer for the
- 2:43consumer. I created after studying a lot of people that were operating in this literally
- 2:50preeminent world what it was about them that was profoundly different. And I'll send you a deck
- 2:58that I did on it because just for yourself, you'll love it and you're welcome to share with
- 3:01anybody. And it basically had many facets, but to give you the short takes about three hours to
- 3:07explain it. And it's deep. But number one, they were seen as the most trusted advisor in the
- 3:12category, the only viable solution you could turn to. And the reason was they did not give information,
- 3:19they did not try to sell. They always tried to advise and tell their market what they felt was
- 3:27in the market's best interest, irrespective of whether that was in the company's best interest.
- 3:33And secondly, whether the consumer purchased what they advised and the combination, the quality,
- 3:42the consistency that they advised, they always told what they believed was in the best interest.
- 3:48I used to tell a story. If you came to Jay Abraham's bottle water shop and water bar and you asked
- 3:57me for one half of a cup of water. And I took your money without first verifying that you knew that
- 4:06your body needed seven and a half more of these every day's got for your body to function, your cellular
- 4:13a health to be at prime, your creativity to be optimal, your digestion, your excretion,
- 4:21everything to work for your stability, for your stress level. And I didn't go out of my way to make
- 4:27sure you knew that irrespective of whether you upped your purchase from me, I would be deserving.
- 4:33You know, I'm talking about being preeminent. If you came every two days in body glasses,
- 4:38but I didn't make sure that somewhere, not necessarily me, but somewhere you were getting
- 4:43the other eight and didn't go out of my way to make sure you knew what I believe was in your best
- 4:47interest. I was stealing from you. So the first thing in being preeminent is being seen as the most
- 4:53trusted advisor, the only possible source or or or or place you could turn to. And that is only
- 5:02possible by doing that. The next is understanding and putting into words what your target audience
- 5:09once and doesn't want in ways and it dimensions that no one else has ever articulated. And you cannot
- 5:16do that if you don't really go to great depths to understand it. And I can tell you later on
- 5:22a way that anybody can do it. I call it the mind of the mark. And that's another methodology we've
- 5:27produced. Next is that you basically want to make sure that no matter what business industry,
- 5:35you are in. You don't fall into the mistake of falling in love with your company, fastest growing
- 5:43company, ink magazine, Fortune 500, Russell 1000, or you love your industry or you love your
- 5:52product, you want to fall in love with the people you serve. And you have three kinds of clients
- 5:58and you want to call them clients because if I call you a customer, if you look it up, Scott
- 6:06and Webster's dictionary, it's somebody who it's somebody who's buying a commodity or a service.
- 6:12If I call you a customer, but I want to be preeminent, what I'm really saying implicitly, if not
- 6:17explicitly, is I am a marginalized commodity. I'm lucky as heck you're dealing with me and not
- 6:22my competitor or an alternative form. If I call you a client, if you look it up, it's somebody who's
- 6:28under the care, the well-being and the protection of another has a fiduciary connotation. When I see
- 6:35myself being your most trusted advisor and I see my responsibility and I get that everybody in
- 6:45the company sees that and we're on a mission and a crusade in behalf of that market of the
- 6:53prospective client. And we see our role as being integral no matter if we answer the phone,
- 7:00get the package to the shipping faster that it all helps achieve our purpose. That is very
- 7:08profound. The other thing is literally you've got to stop thinking transactionally.
- 7:14If I think that I sell water and I don't think about what happens when that water is acquired by
- 7:21you and it's starting to serve your body, then I've marginalized myself a good example and you
- 7:30can throw a monkey wrench and stop me because I can go, I can go robot. No, no, I'll I'm going to
- 7:38go go ahead and tell me the other example and give you a great example.
- 7:44And you know this because we've talked offline. I've had 1,000 industries around the world I've
- 7:48helped. So I have a lot of experience in this. One time I had the largest first time home builder
- 7:56in all of Mexico. They had 87 facilities. They had 3,000 sales people. They were doing
- 8:03billions. They were traded on the New York and the Mexican stock exchange and they wanted a
- 8:07breakthrough. And so I actually flew out there and I I spent time with not just the sales management
- 8:14with many, many, many of the sales people and I asked them what they did and they said we sell
- 8:19first family homes. Now the first family home market there. I don't know if it's still the same
- 8:24because I've been back for three, four years. The government had a policy that if you work for a
- 8:29legitimate company that pay taxes, they would make your down payment and they would then structure
- 8:34your mortgage payments to conform with your income. So you could afford a beautiful home in a brand
- 8:41new development with security walls with with all kinds of wonderful facilities, pools, etc.
- 8:51It was in wonderful new areas where there were there were dedicated teachers. Now put that in
- 8:57a band. So these people said we sell new, we sell first time homes. I said, well, what happens
- 9:02when somebody buys a first time home? Nobody asked them. I said, let's look at it. First of all,
- 9:08a couple that normally had only two options. They would live in a terrible area in an apartment where
- 9:14it was very non conducive for a good environment for the wife. It was non conducive and a good
- 9:19environment for the kids and the husband wouldn't have a lot of pride or they'd live with the parents
- 9:24who would micromanage the family. It would be just terrible on the relationship between
- 9:29husband, wife, parenting, etc. Because the grandparents would try to parent both the
- 9:35husband or wife where their child was and the kid. When they get into a new development,
- 9:41first of all, there's pride of ownership. It's a beautiful home. The husband feels like his work
- 9:46has produced something. He works harder, is more exciting, gets promotions, makes more. The wife
- 9:52hangs out with quality people. So do the kids. Their success, probability is enhanced dramatically.
- 9:57The teachers are young and still want to teach. They're not jaded and calcified about
- 10:02the whole process. More importantly, they are building an asset that will give them security
- 10:09for the rest of their life. If they can't afford it, they can rent it and get somebody else
- 10:14to pay for it for them. If they get it paid off and their parents die and they inherit the house,
- 10:20now they've got an asset that will give them a higher quality of retirement or living,
- 10:25or it'll pay for their children to have the education of a lifetime anywhere they want.
- 10:30I went through all these things. There's a lot more. I said, no, you don't just sell first-time
- 10:35homes. You transform entire family lives. Every morning, we started our day saying,
- 10:41how many lives are we going to transform today? It was game-changing using the positive aspect.
- 10:48I'm just giving you a few examples of that. I was going to say a lot of this strategy hinges
- 10:56on you challenging the customer's perception. You challenge their world view to a degree
- 11:02so that that places you in a position of trust because a lot if a company is just transactional,
- 11:08then they're just accepting what the customer wants and that's and they're going to sell it to them.
- 11:13But this preeminent strategy seems to challenge so that you are not only just understanding
- 11:20what your customer wants. You're also trying to get them to see the world through a different lens
- 11:26and then that would be your company. Is that fair? It's a duality. It's trying to see your business
- 11:35through a different lens, but it's also trying to have people see you in contrast to everyone else.
- 11:42If you think about it's divide and conquer, there's everyone else and then there's you.
- 11:52I'm talking about something that's very sophisticated when you execute it, but that's only one of
- 11:58about 97 methodologies we've given. But what we try to do whenever there's a lot of competitive
- 12:05landscape and we're trying to get someone to be very preemptive. When people challenge them
- 12:10about somebody else, we don't say, oh, Scott is a wretched swine. He's disgusting. He's
- 12:21stuff is crap. Instead, we always say, look, there are a lot of very quality people in our industry.
- 12:29And we know all the good guys and women and they work very hard and their products are very good
- 12:35and their people are very dedicated and they give a good value and then we add that we're the
- 12:44penny drops or the brick drops for what they do. But we don't even play in that world. We operate
- 12:49in our relationship with you and how we engineer our products or our services and what we're committed
- 12:56to deliver and how we go above and beyond the expectations and how we basically design everything
- 13:04as if it was for ourselves in a much higher strata. So we don't even see ourselves even be
- 13:11compared and you do things that are very different than most people would if you're competing.
- 13:16Thanks for tuning in. If you found this valuable, don't forget to hit that subscribe button so
- 13:20you never miss an episode. And if you want to dive deeper into this conversation, check out the
- 13:24links in the description to watch the full episode. See you in the next one.