Building a Sustainable Business...
...Got this post from Alen Sultanic this morning. Kind of relates to why we don't have to pitch and close advertisers like so many other businesses. _____________________________ To build a sustainable business, your product or service must be something they can sustainably afford. The concept of inclusion vs exclusion marketing is one of the most potent thinking models you can use for business. How many want to give you money vs how many actually can give you money? Sure, just about everyone wants a Ferrari or a Patek and to fly Privately. ...But how many actually can? The rate limiter of your business is the size of your audience, and their rate limiter is their income. The more they can afford, the more they can buy. The less they can afford, the less they can buy. Most marketers these days are operating with the motto "charge more," "qualified leads," and "scale"... It only works to a degree, as it violates the inclusion vs exclusion principle. The more you charge, the less of them can afford it. The more you need to qualify, the less qualified there are. And the less you can scale. So how about this...instead of charging more, qualified lead and scale. We just flip it and charge less so everyone can afford it. ...Build a great relationship with them, and then we create qualified leads instead of having to qualify them. And then we can scale. Here are a few notable companies that went broke by trying to follow exclusion principles... ...Ferrari, Lamborghini, Patek Philippe, Rolls-Royce, Bugatti, and many others wouldn't survive without the LMVH conglomerate buying them. What's really interesting here is that companies who follow inclusion principles bought them. Fiat bought Ferrari, VW bought Lambo, BMW bought Rolls Royce, Bugatti is owned by VW as well, and Patek was bought by the Stern brothers, who were their suppliers. If you look deeply all across the world, in every single industry, you'll notice this principle at play.