Your Single Most Important Asset When Starting a Business

Raise your hand if you enjoy selling a product oremotional statement "...and they become so
service to friends or acquaintances in social situations.overwhelmed and frustrated that they decide not to
My guess is that most people find the idea repulsive.do it at all."
Well, it just so happens, the single most effectiveGet them to agree that they can't take care of the
sales tactic is face to face encounters; not TV, radio,problem themselves
direct mail or anything else. When you start aYou need to get people to realize they have lived
business, you have to put the odds of success inwith this problem and they haven't been able to
your favor, and that means selling to everyone yousolve it on their own. It's like the first step in any
know or meet. The good news is that there is ansubstance abuse program - admitting you have a
approach you can use that is not only casual andproblem. To do this I'll say something like this: "Have
easy but it also happens to be very effective.you ever considered starting a business?" If they say
When you're in a social situation, you will have aboutyes then something has been holding them back -
30 seconds to one minute to get your sales pitchand this is where I can help.
across. Some people refer to this as your "elevatorTell them how you can solve the problem
pitch." One of the most effective elevator pitchesThis is your opportunity to tell them what is different
involves the following five steps. As you readnow and how your product or service can solve their
through the steps I will use my business as anproblem. In other words, it's your sales pitch. Here is
example to help illustrate each point. My business iswhat I like to say: "I wrote a guide that makes it
to show people how to start and grow smalleasy for people to set up a business and market a
businesses.business. I wrote it from the perspective like I was
Start with a problempersonally coaching each reader. It's pretty exciting
People buy products or services because they wantstuff for people who have used it." Notice how I
to satisfy a need. For example, they may want tointerjected an element of emotion into the sales
lose weight, live healthier, look beautiful, feel safe orpitch. You should too.
want financial security. The reason why people needClose
something is because of a perceived or real problem.Whatever you do, don't wimp out on closing the sale.
People go on diets because they are frustrated byEven if you know the person you are talking to is
being overweight. Many people buy guns becausenot likely interested then you should close to get a
they are fearful and want to feel safe and secure.referral. I close by saying: "Have you ever wanted to
You get the point.start a business or know anyone who does?" It's a
Always start your sales pitch by identifying agreat idea to have a business card ready so you can
problem. For example, when I meet someone andhand it to him or her. If you really want to be
they ask me what I do, I say this: "You know howsuccessful, put an interesting question on the back of
there are a lot of people out there that want tothe card where the person would have to go to
start a business but don't know what to do to getyour internet site to get the answer. Involvement
started?" In one sentence I've identified what I amdevices such as this have been proven to be
talking about (starting businesses) and I've identified asuccessful.
problem (people don't know what to do to getConclusion
started).Your entire "elevator pitch" should be less than a
Inject emotionminute. Practice yours a few times to get the tone
Emotion is the most powerful motivating factor indown the way you want it. Remember, face to face
sales. You have to get people to connect on anencounters are by far the most powerful sales tactic
emotional level before they will consider buyingavailable, so make sure you get the most out of
something from you. Continuing my small businesseach opportunity.
example, I follow my problem question with this