Transcript
A (0:00)
Want to hear something insane? At 24 I was broke. By 27 I became a millionaire. And at 45 I make over $100 million a year. No trust fund, no handouts. I just had to learn a few brutal truths that nobody teaches. And to be honest, they gave me an unfair advantage in business. So I'm going to be sharing these brutal truths to you one by one. Now let's start with the one that changed everything for me. Number one, sell before you build. The idea of finding a customer, selling the thing before you ever build it is the unfair advantage. When I launched my company, Flowtown, we literally made a fake wireframe of like the whole product. I wanted to see if people would actually buy before I built anything. So we just faked it. We called it wizard of Ozing. We didn't build any software because that is the hardest part is validating if your business idea is wanted by anybody.
B (0:50)
Welcome to the Martel Method. I went from rehab at 17 to building a hundred million dollar empire and being a Wall Street Journal best selling author podcast. I'll show you exactly how to build a life and business you don't grow to hate. And make sure you don't miss anything by subscribing to my newsletter@martel method.com.
A (1:09)
So the first step to gaining an unfair advantage is getting money before you waste time building something nobody wants. But how do you get people to give you their money? Number two, make an irresistible offer. To get anybody to part with their money, you need to make an offer they can't say no to. So how do you create an offer that's impossible to resist? There's a couple boxes your offer needs to tick. Number one, outcome. Is it a clear and valuable transformation? Number two, speed to result. Can you get them that outcome fast? To the degree you can communicate the speed to the result, the thing they bought and the result in their life. As fast as you can communicate that they'll get that that makes the offer irresistible. Number three, risk reversal. Can you remove their fear of saying yes? Ask yourself, what is it about what I'm selling that would get them concerned about buying? Is it that you look too young, you don't have other customers? What if it doesn't work for them? Make the risk reversal. What's the guarantee? What's the structure? How do you make the offer so brain dead simple that they would feel dumb for saying no? Number four is scarcity or urgency. See, if you don't give somebody motivation or a reason to buy now, they just won't. So you might have limited inventory based on your capacity. Use that. You might have some kind of deal you're offering this quarter. Use that. Figure out what can you say to create scarcity or urgency in the offer today? Number five is the unique mechanism. This is probably the most important thing in the whole offer. What is your unique mechanism that's going to get the person the result they hadn't heard from anybody before? If you're helping somebody lose weight and your offer is eat less calories, that's like, duh, I've heard that before. But if you talk about the macros and the type of macros for your body and your lifestyle, then that sounds like a unique mechanism, that they're like, hey, I've never heard that before. What are my macros? So let's break it down so you can see how we checked all those boxes. Book 15 qualified buyer appointments. That's your clear and valuable outcome in 30 days. That's your speed to results or get your money back. That's the risk reversal offer ends in three days. That's how we create urgency using our AI appointment setter system. That's the unique mechanism. And now that we've made sure we checked off all the boxes, that's how we make an irresistible offer. And if you want the offer template that's made me over 50 million in sales, click the first link in the description and you'll get it for free. But now that you've collected all this money, what do you do with the money to give you an unfair advantage? Number three, spend the money to save time. Don't spend the time to save money. The top 1% entrepreneurs in the world spend their money to save time to go invest that time to get more leverage. Most people that struggle in business spend a lot of time to save pennies, to save dollars, when what they really need to do is do the thing that only they can do that's gonna make them the most money, then use that money to buy back your time to go do more of that. The key idea is understand how valuable time is. I remember hearing this metaphor once where somebody convinced me that I was trading gold bars for pennies because I didn't understand what my time was worth. So I want you to think to yourself, where are you making that trade? Where are you trading gold bars for pennies instead of pennies for gold bars? Because if you're doing the right thing with your time, you'd be making a lot more gold bars. Is it maybe that you're cooking all your own meals? And you're not using meal prep or you're spending all your time cleaning your apartment. I don't know what it is for you, but there's an opportunity for you to get more time. Maybe it's restocking or even doing your own mail. If you want an unfair advantage, here's the way we need to think through this. First off, you have to calculate your hourly rate. How much money do you make per hour? If you make 100,000 a year, then you're making $50 an hour. Once you know that you have to outsource anything that you could pay anybody else a quarter of that amount. So if it's $50 an hour, $12 and 50 cents to save an hour is a great trade. And then finally you're going to take that trade. Reinvest the newfound time into things that create higher leverage outputs for you. Things can do so here's my challenge for you tonight. I want you to sit down and list three of these tasks that you'll start paying someone else next week to start doing for you. Every chore you delete buys you revenue making time. But having all that time to make money only feels like an unfair advantage if you sell to the right customer.
