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The World's Leading Theory of Constraints experts on Marketing explain how most companies can dramatically increase sales. Stop the Blah Blah Blah -- REALLY Differentiate Yourself to Get in More Doors, Get more Prospects, Increase Your Conversions, and Dramatically Increase Your Sales!
From: Dr Lisa Lang & Brad Stillahn Dear Business Owner, Wouldn't it be great to triple sales to new customers in less than 10 months like Nigel discusses in this video? Nigel was a BIG skeptic, so listen to what he has to say.
A “Mafia Offer” sounds like something out of a
movie, not something that could actually allow you to increase and control your
sales. Initially Dr
Goldratt defined a Mafia Offer as “an offer so good that your customers
can’t refuse it”. I extended the definition as
follows: “An offer so good
that your customers can’t refuse it and your competition can’t or
won’t offer the same.” It has also been
referred to as an unrefusable offer or unrefuseable offer (URO) or a
market offer.
Do YOU have a Mafia Offer now? Let’s
check. If I am one of your best
prospects, what would you say to convince me to do business with
you? (write down your answers BEFORE you continue) (I’ll give you my guess of what you said in a
minute) Many people confuse
a Mafia Offer with a Unique Selling Proposition (USP), Value Proposition, or a
Sustainable Competitive Advantage. At first blush, it
would seem that a Mafia Offer IS similar to other terms you may have heard of
like an irresistible offer, a touchstone, brand positioning, a sustainable
competitive advantage (SCA), a customer value proposition, or a unique
selling proposition (USP). However, when most people are talking about
these alternatives they are actually quite different from what I mean by a
Mafia Offer.
Mafia Offers are Different from USPs and SCAs They basically take
what you already do and state it succinctly and with more specificity aimed at
one or a few of their customers’ problems or gaps in current market
offerings. These alternatives can be Mafia Offers, but many times
they are not. And even so, they are still better than nothing which is
where most businesses start. Then there is the innovation
camp that believes the only way to gain substantially more sales is to innovate
better and faster, the stuff your customers want. And some have even gone so far as to
call your existing products, in your existing markets, a bloody red ocean due
to all the fierce competition. In the book Blue
Ocean Strategy the authors contend that it is NOT possible, in most cases,
to sell more of your existing products in your existing markets. So they layout a process for developing
new products for new markets – a highly risky endeavor. Mafia Offers Do NOT Require an Innovation Innovation is
absolutely necessary for long term sustainability. No question. My issue with using innovation as your
sole means for increasing sales is that -- it’s short lived. How long do most innovations last? How long does it take your competitors
to copy? And, new products
and/or new markets are a risky proposition. So if the majority of companies could have a Mafia
Offer, why use innovation as your sole approach to increasing sales? But if you have to
innovate, the process they laid out in Blue Ocean seems like a very good
one. Mafia Offers are NOT based on Price And I would say the
same thing about price. Price
reductions can also be copied very quickly and do not typically provide a
sustainable advantage. Now, let’s go
back to the list I asked you to make above – the why should I buy from
YOU list. Here is a list of the typical answers:
These are NOT a Mafia Offer -- Don’t
your competitors say the exact same thing? All
good companies have these qualities or they wouldn’t be in business for
long. I call this the blah, blah, blah answer because that’s what
it sounds like to your customers and prospects. A
Mafia Offer is NOT a list of strengths, a
cliché, subjective, or offered by the competition. In addition, it
is sold differently. When you have a Mafia Offer, you are making a
business proposal. Everything changes. A Mafia Offer is an Offer to Your Existing Clients
in Your Existing Markets If you have
attended one of my speeches you have probably heard at least one example of a Mafia Offer. Here’s an example in case
you haven’t heard one:
That Mafia Offer ·
Was developed for a regular company with its existing products in its existing
markets. ·
This company had no particular
competitive advantage or innovation – no patent, no unique
technology, the same equipment as competitors, and similar employees. And yet, it was a
not based on a price reduction, not easy for the competition to follow, and so
good that most customers would accept it readily. Mafia Offers Are Possible for the Majority of
Companies The reason that
most companies don’t know that they have one or know what it is, is
because they just don’t know how to develop them. If you read Dr
Goldratt’s book It’s Not Luck or one of the other Theory of
Constraints (TOC) books, you read about how we use cause and effect logic
(also called Theory of Constraints Thinking Processes) about your
customers, your industry, and about your company to create the offer.
But It’s Not Easy Traditionally, to
develop a Mafia Offer you had to hire a Theory of Constraints Expert and spend
about 2 weeks creating your Current Reality Tree, your Future Reality Tree and
then your Transition and Pre-Requisite Trees. And if you were not
good at logic trees, then the consultant, who doesn’t know your business
as well as you, was left to do it for you.
As a Theory of
Constraints consultant and engineer I’m very good at the logic
trees. In fact, I would say that
they come easy to me. However, as I
worked with clients, I noticed that this was not true for the majority of the
population. I put a tree in front
of some clients and their eyes just glazed over. Talk about a deer
in the headlights! Our Understanding of What it Takes to Develop a Mafia
Offer Expands While
I was working with Dr Goldratt in Goldratt Consulting a couple things happened
to my understanding and to the development of the Mafia Offers body of
knowledge. I
watched Dr Goldratt do a number of what we called “2 hour
meetings”. In these meeting
he would ask the CEO and his top 2 executives some questions. The
questions lead to answers that basically created the logic of a Current Reality
Tree (CRT). Then
Dr Goldratt suggested that they make a few changes. He then explained, how these changes, if
implemented, would lead to a Future Reality where the problems of their current
reality would be gone. And
everyone understood. I
performed about fifty “2 hour meetings” with the same result
– complete understanding of the logic without a single tree in sight! So
– you CAN develop and uncover the underlying logic without putting the
client through the torture of creating logic trees. So that’s what we did. The Mafia Offer Boot Camp is Born We
created a process where in 2.5 days using all the logic, without the trees and
without templates, we can facilitate a client to uncover their Mafia
Offer. We
started by offering PRIVATE Mafia Offer Boot Camps for $20,000 plus
travel. And they worked great. In
only two and a half days we helped clients (the deliverables): ·
Create
their Mafia Offer ·
Create
the collateral for their offer ·
And,
create their implementation plan. Then
we provided 3 months of follow on coaching so that as clients started to put
their plan into action they could continue to call on us for questions and
support. This
really helped ensure clients followed through on implementing their offer. Next,
we decided to test a GROUP Mafia Offer Boot Camp. We wondered if having 5 companies (no
competitors of course) go through the process together would generate even
better offers, better feedback, or even greater confidence that their offer
would work. Each
company brings up to 5 people and the cost was $10,000 per company plus the
travel of their team to Denver or wherever it was. This format was also a huge
success. Each
of the 5 companies walked away with the same deliverables listed above and
received 3 months of follow-on coaching.
And while their offers weren’t better than the offers we developed
in PRIVATE boot camps they were
just as good. Both
the PRIVATE and GROUP Mafia Offer Boot Camps are going strong, and you can
still sign up for them. Go to www.MafiaOffers.com for more information. We found that both formats have their
place and both deliver the results!
YES, But My Team and I Can’t
Spend 3 Days Straight! Despite
the success of GROUP and PRIVATE boot camps, there were some companies that
could just not afford the time away.
For many companies it requires 4 days out of the office due to the
travel time. So
I was repeatedly asked … Is there some way we can do this on-line? And
so it was born … The ON-LINE
Mafia Offer Boot Camp The ON-LINE Mafia Offer Boot Camp is
like a PRIVATE boot camp because you and your team are going through it alone,
but it’s priced more like a GROUP boot camp. The PRIVATE nature of it ensures you
will NOT be sharing airtime with a competitor. What’s Included? This program includes all the training
and coaching you need to create your offer, create the collateral for your
offer, and to create your implementation plan. This includes: ·
17 Video Training Sessions that
walk you step-by-step through creating your offer, creating the collateral for
your offer, and creating your implementation plan. ·
You will receive feedback on each
and every session as you submit them. ·
There will be 4 private coaching
sessions along the way (while you’re working on your offer) to ensure you
are headed in the right direction. ·
Then after you have completed all
the sessions and you have your Mafia Offer, you will continue to receive
coaching as you begin to implement.
You will have UNLIMITED access to us by both email and phone so that you
get all the guidance you need to increase sales with your Mafia Offer. BONUS 1: Access to Dr Lisa’s
“Maximizing Profitability” speech so that you and your group have a
shared experience and lay the ground work necessary to be successful with a
Mafia Offer. This bonus will be
immediately available and should be watched prior to starting Session 1. BONUS 2: Access to Dr Lisa’s
“The Psychology of Mafia Offers” webinar so you can really study
what it takes to successfully present your offer to your customers and
prospects. This bonus will be
available after you complete Session 13.
How it Works – Developing YOUR Mafia Offer This
is accomplished with 17 video sessions that you and your team go through at
your own pace. Session 1 has a
recommended meeting schedule. All
17 Sessions are available on-line.
After you register you will be provided login and password information
for our video portal. After
each session you email us your completed assignment. We will review each of your assignments
and respond with any comments. After
sessions 7, 10, 14, and 17 we have private coaching calls to make sure
you’re headed in the right direction. We typically use GoToMeeting for these
calls so that we have a visual component available. You will have access to the 17
videos and coaching for 3 months. So
let’s say you finish the 17 sessions and develop your Mafia Offer in
about 2 weeks. That leaves about 2
months and 2 weeks for coaching during your implementation. That’s
a lot of coaching! We want to give
you an incentive to quickly work through the sessions and then get on with
increasing your sales! The Program Deliverables During
the ON-LINE Mafia Offer Boot Camp, you … 1. Create your Mafia Offer. 2. Create the collateral for your offer. 3. And, create the implementation plan
for your offer (what you need to do BEFORE you go make your offer). These
are the same deliverables that we have for both the GROUP and PRIVATE boot
camps. Plus you also get the
private coaching to help you implement your offer.
To Get Started Choose
your team who will participate in the boot camp. Who should that be? Anybody whose buy-in you will need to
implement your offer. This is
typically your entire top management team – even operations. That’s
because Mafia Offer typically require operational changes. If you could deliver your offer
tomorrow, so could your competition, so expect to make some operational
changes. Before
you start working on your Mafia Offer, we lay a little ground work. You and your team will go through our
Maximizing Profitability workshop. This
will give everyone a common experience and lay the ground work for developing
your Mafia Offer. |