why don't principles sell?

12 replies
Copywriters,

I've got a serious question for y'all because you know buying triggers and human desires:

why dont principles sell?

For example, if you go to the WSO section or the main section, everybody wants to know "how to make money".

And people spend millions of dollars on "these blueprints".

Yet, you can go to: Shareholder Letters

and get the stategies, insights, reasons, and princples behind Buffets' investments.

It's like FREE. No opt-in required. Did I mention it's free?

Yet, people happlily spend millions of dollars on WSO's and Clickbank seeking to "make money" when what really matters is "creating value" and "accumlating wealth".

I personally see clients of mine choosing tools over principles/fundamentals all the time.

I don't get it. Honestly, I really don't understand it.

If you have an insight into this phenomon, please reply.

Thx in advance for your replies.

Adam
#principles #sell
  • Why don't principles sell?

    Tools = Grown up play time. No commitment. Can't wait for the updates. Fun

    Principles/Fundamentals = Work - Back to serious business. Long term commitment and discipline. Yeah - Yeah - Yeah, I know, Boring
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  • Profile picture of the author ChadHaynes
    Many reasons.

    1) People don't value what comes easily as much as what comes at a price. "Expensive = good" in the consumer's mind, so free information must be useless.

    2) It's easy to shrug off a principle. "Be nice to people. Okay, got it! Now, how do I get rich?"

    3) Having and living by principles that lead to wealth and abundance sounds like a lot of work, and there are no specific promises. Specific offers feel more reasonable. "Okay, I spend x amount, I put in x amount of time, I get x benefit or my money back. AGREE."

    4) Abstract vs. concrete. A wealthy disposition vs. one million dollars. Which can you more easily picture?

    5) The most obvious: we're selfish, greedy, ego-driven, capitalist consumer animals who want to hoard all the value for ourselves and crush everyone
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    • Profile picture of the author ewenmack
      Actually there is a scientific reason
      which has to do with energy consumption.

      Even though the brain takes up only 2% of our organs,
      it burns through 20% of the energy.

      So to conserve energy for survival,
      it will automatically search for short cuts
      so there's little to no thinking involved.

      Thinking = threat to survival at a primal level.

      Leaders, tools, done for you,
      blue prints all help modern day Homo Sapiens
      survive in the concrete jungle.

      Best,
      Doctor E. Vile
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  • Profile picture of the author Jason Kanigan
    Well, there's a huge gulf between "making money" and "building wealth."

    "Making money" is a short term tactic pursued by the poor.

    "Building wealth" is a long term strategy engaged by the rich.

    So now we're back to mindset.

    Look at the language people use. What they talk about. You start talking about long term shareholder wealth to the average person (poor) and watch their eyes glaze over.

    My favorite TV shows are about house flipping. How to plug into distribution channels. Creating value. The things I like to read about are investments like municipal bonds. I'm not interested in the "latest weird trick" or WSO of the week.

    It's a mindset issue first, and an education issue second.
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    • Profile picture of the author Memetics
      The problem is though Jason; when you're poor you have an immediate need for money just to keep your head above water. Everyday's a new day with the same challenges as the one before. From an evolutionary perspective, passing by an immediate gain for a potential future larger gain didn't make sense if you risked your valuable energy in the process (as pointed out by Ewen).

      Nature even evolved a number of neural drivers to ensure that an individual would maximise the survivability of their genes in this respect. Each of these drivers would carry a different weighting depending on the environment in which they were present.

      For instance: In a harsh (poor) environment these two would run the show.

      https://en.wikipedia.org/wiki/Hyperbolic_discounting

      https://en.wikipedia.org/wiki/Pseudocertainty_effect

      Whilst in a resource abundant (rich) environment these two would be more useful.

      https://en.wikipedia.org/wiki/Endowment_effect

      https://en.wikipedia.org/wiki/Loss_aversion

      It's not down to education as it's been discovered that poor people make fewer mistakes on financial problems that routinely trip up the wealthy.
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      • Profile picture of the author Jason Kanigan
        Originally Posted by Memetics View Post

        The problem is though Jason; when you're poor you have an immediate need for money just to keep your head above water. Everyday's a new day with the same challenges as the one before. From an evolutionary perspective, passing by an immediate gain for a potential future larger gain didn't make sense if you risked your valuable energy in the process (as pointed out by Ewen).

        Nature even evolved a number of neural drivers to ensure that an individual would maximise the survivability of their genes in this respect. Each of these drivers would carry a different weighting depending on the environment in which they were present.

        For instance: In a harsh (poor) environment these two would run the show.

        https://en.wikipedia.org/wiki/Hyperbolic_discounting

        https://en.wikipedia.org/wiki/Pseudocertainty_effect

        Whilst in a resource abundant (rich) environment these two would be more useful.

        https://en.wikipedia.org/wiki/Endowment_effect

        https://en.wikipedia.org/wiki/Loss_aversion

        It's not down to education as it's been discovered that poor people make fewer mistakes on financial problems that routinely trip up the wealthy.
        Chicken or the Egg, brother...

        You can be poor and realize it's a temporary situation, and have a plan for building wealth.

        What's the target?

        To cover the basics and then stop?

        To cover the basics and then blow whatever we make over that on fun and games?

        To cover the basics and then reinvest whatever we make over that on growing wealth?

        Big difference, right?

        The "education" part is not formal education...what I'm talking about is self-directed education, "Hey, I should learn about that!" Nobody told me to learn about real estate and land development. Nobody told me to learn about investing. I decided to learn about these things because it's clear wealth is created there. But your average joe wants to watch football. OK. Their choice, but don't be surprised they're struggling punters.
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  • Profile picture of the author max5ty
    Originally Posted by copyassassin View Post

    Copywriters,

    I've got a serious question for y'all because you know buying triggers and human desires:

    why dont principles sell?
    Principles absolutely do sell...when they're advertised right.
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  • Profile picture of the author Complex
    [DELETED]
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  • why do people buy a ready made solution over a principle?

    People buy 'quick', 'easy' 'done for you'

    they feel closer to the end goal with a solution .

    people also buy 'specific'.. not general.

    ready made solutions have a 'big idea' or usp you can sell with.

    principles don't have that.

    Principles are fuzzy. solutions are rock solid.
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  • Profile picture of the author Raydal
    I love principles. I taught high school physics for some years and I always
    taught my students that once they got the principles then applications
    become secondary. But principles are not "sexy" enough to fall in love
    with. They take effort to grab and we would rather see the application.

    Who cares about the mechanical principles on which the latest cars work.
    They only want the comfort and drivability they provide.

    As a SELLER you have to give the people what they want and not what
    they need.

    -Ray Edwards
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  • Profile picture of the author copyassassin
    first off, thank you all for your replies.

    I appreciate you taking the time to reply.

    you've confirmed what I've been thinking: "quick", "easy", "how to"... SELL.

    We all want the easy button. Myself included.

    And I do belive it's "easy" to become and be "wealthy".

    It's just a matter of focus on the few inputs that are largely responibale for wealth.

    And I'm coming to realize that at first, we just need money to eat. We need CASH now to eat, sleep. Then we want some sex, so we have to move out of Mom's house, get an apartment, get a car that runs, buy some nicer clothes, and go on some dates,

    More money, needed NOW.

    Then, it happens again.

    She's pregnant. Now your single apartment isn't big enough for everybody. Plus, now you got some medical expenses. And lets face it, baby stuff adds up.

    More cash NEEDED now.

    Then your baby grows and wants to activites. Maybe you want private school for your kid.

    More money, needed NOW.

    Then your best friend dies out of nowhere. Some guy at the funneral sells life insurance. You being emotional, buy it.

    Kid #2 arrives around 9 months after that funneral. Funneral sex can be costly.

    Now, your insurnace guy talks about college education, retirment, and long term living costs.

    Holy shit.

    Now you need 2-3 million dollars, extra.

    And now it hits you:

    Making more money isn't the only key.

    Reduce expenses. Increases investments. Go your asset base. Live off your assets working for you.

    ============================================
    I belive this is a natural progression. From "money", to "riches", to "wealth".

    And each stage requires different skills, talents, and mindsets.

    It also requires different levels of education, friends, and social settings.

    Which means: change. Like YOU must change.

    I know I've changed over the years. I'm not the same person in 2015 that I was when I joined the WF in 2010.

    And change, transformation, and evolution isn't easy.

    In fact, in my life, it's been circumstances that have caused me to change, transform, and grow.

    Outisde forces like kids, death, watching people die, watching clients make millions (then lose it all back + more). It was affected me.

    Now, I'm not looking for easy.

    I want "lasting".

    I want "legacy".

    I want to "make a dent in the universe".
    ========================================

    If there is lesson for you copywriters/markters reading this post, it's this:

    Figure out what stage your client is in financial life. Figure out what goals they aspire to achieve. Figure out what their current financal needs are.

    A client with a montlhy nut of $2,000 is different from a client with a monthly nut of $20,000.

    Not in their base human needs and wants... but in their strategic goals.

    Adam
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  • Profile picture of the author jazbo
    Principles do sell. It entirely depends on who you are selling to.
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    • Profile picture of the author sarahxsage
      Originally Posted by jazbo View Post

      Principles do sell. It entirely depends on who you are selling to.


      I agree with you. It just depend on the potential buyers. From my own experience I've realized that people don't mind paying if they feel like the job they're paying for will make their life easier. They don't want to have to put on any kind of work.
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