Most Important Concepts:
- Entire book, everything is important. It was hard to make notes, since entire pages are important, not just tidbits.
How Can I Use This Information:
Chapter Recap
Section 1 - How we got here
Grand Slam Offers
- The two main problems: Not enough clients, & not enough cash
Section 2 - Pricing
Pricing: Finding the right market
- A starving crowd is the biggest advantage you can have in business. If there is a ton of demand, you can be mediocre in business, have a terrible offer, have no ability to persuade people, and still make money.
- Don’t pick a bad market. Normal markets are fine. Great markets are great.
- Once you pick your market, commit to it until you figure it out.
Pricing: Charge what it’s worth
- The goal is to be so much higher that a consumer thinks to themselves, ”this is so much more expensive, there must be something different going on here.”
Section 3 - Value: Create your offer
- Value equation = (dream outcome x perceived likelihood of achievement)/(time delay x effort & sacrifice)
- Pro tip: try to implement psychological solutions, rather than logical ones
Value offer: The thought process
Value offer: Creating your grand slam offer part 1: Problems & solutions
- Identify the dream outcome, list the problems, then come up with solutions