Jay Abrahamsters Chime in Please!

11 replies
My fellow Jay Abrahamsters,

I love Jay's brilliant ideas, and big thinking, but I must admit I haven't yet worked up the nerve to represent myself in the ways needed to implement his deal making strategies. He says it's easy, and I'm sure it is once you wrap your head around it, but the thought of presenting myself as an expert at something I'm trying for the first time, to people who are running real, viable businesses fills me with doubts.

I haven't quite achieved the confidence level needed to approach business people as an expert in finding new profit centers, new streams of income, windfall profits, unseen joint venture opportunities, activating hidden and underperforming assets both tangible and intangible, etc, even though I know others have done very well with it.

I'm trying to get up the nerve to dive into this very exciting, lucrative ocean of possibilities.

Maybe it will help me and others like me that have read and gotten excited by Jay's stuff, but not worked up the nerve to take action, if we share where we are in the process.

It could be especially useful if others of you that have taken action will chime in with your success stories, and how you overcame doubts to reap the rewards of brokering joint ventures, becoming business performance coaches, or any of Jay's killer money making ideas.

Here's where I am in the process that might lead to my first deal:

A fellow warrior and I have decided to start an offline gold type consulting business, and so far, I've gotten a tentative green light from one chamber of commerce neighborhood chapter president to do a short presentation to her group when they meet in about 9 days in a local restaurant.

At first I planned to just talk about some of the great things they could do online to increase business, whether they currently have a website or not. However, maybe if I add a couple success stories about JVs and customer reactivation campaigns, I'd have a chance of getting my first contingency consulting client that might pay me a percentage of the increased profits to set up a new profit center for them, Abraham style.

Any thoughts, advice, or encouragement would be appreciated. I'd particularly love to hear from anyone who has a story of how they were able to make their first Abraham inspired deal.
#abrahamsters #chime #jay
  • Profile picture of the author drmani
    Originally Posted by Greg guitar View Post

    ... but the thought of presenting myself as an expert at something I'm trying for the first time, to people who are running real, viable businesses fills me with doubts.
    Jay does NOT teach this.

    He does teach methods to leverage other people's expertise, without
    having to acquire the expertise yourself.

    As a middle-man in such a deal, you'd present yourself as having the
    contacts/network to be able to engineer win-win deals - but trying to
    pass yourself off as an expert when you're trying something for the
    first time would be a pretty dangerous venture, I'd assume.

    btw, I've reaped RICH rewards from just almost ANYTHING Jay has
    taught me - and yes, some of the stuff does sound scary to try for
    the first time, but once you see how well it works, you'll quickly get
    excited about doing more - and trying new stuff.

    Good luck with your efforts.

    All success
    Dr.Mani
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    • Profile picture of the author Greg guitar
      Thanks a lot Dr. Mani, for your encouraging words. I know I'll be really excited when I get up the confidence to execute my first deal. I've been reading and listening to Jay's stuff for over a year, and am convinced it's mainly a matter of having the confidence to act; easier said than done!

      Jay of course, never says to misrepresent yourself, but he does suggest elevator speeches and specific wording when approaching your first deals that require more belief in yourself and your abilities as a deal-maker, identifier of under-performing assets, etc, than I've been able to muster. The thing is, studying Jay's stuff does give you a level of expertise that's not to be dismissed, even though obviously, the experience is lacking until you get your feet wet.

      If you don't mind sharing, I'd love to hear how you've put Jay's strategies to work for you.

      Again, thanks for your encouraging reply, Greg
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      • Profile picture of the author drmani
        Originally Posted by Greg guitar View Post

        If you don't mind sharing, I'd love to hear how you've put Jay's strategies to work for you.
        Greg
        Just sent you a PM, Greg

        Dr.Mani
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        • Profile picture of the author Greg guitar
          Thank you Russ and Dr. Mani,

          Russ; I feel what you are saying, and I realize I've been the only one holding myself back with invisible obstacles and phantom fears.

          Dr. Mani; I loved the material you sent me, and have signed up as an affiliate. I particulary appreciated 2 elements you emphasised: taking action, and starting client relationships by giving great value, and continuing along those lines forever.

          The good news is, I am taking steps to get out and make things happen in spite of self doubts and butterflies. I'm still waiting for confirmation that I will get 15-20 minutes during next week's local chamber of commerce meeting to present a mini-seminar about integrating online/offline marketing strategies.

          I think I will get the confirmation. I plan to deliver at least 3-5 powerful strategies that almost every offline business could put into practice that would measurably increase profits. These are things I know because of this forum, WSOs and other courses I've invested in, books by geniuses like Jay, etc. I will of course, offer to do the implementation for them, if they'd rather pay to have it done than take the time to do it, and possibly screw it up themselves.

          After my first (and all subsequent) presentations, I'll offer the participants a list of resources, and the chance to sign up to my list, be informed of upcoming teleseminars, webinars, and receive a newsletter with tips, discounts, etc.

          My first order of business is simply to offer real value to some local business people for no cost, and then offer them the chance to get my help in actually implementing and profiting from some of the strategies I've given them.

          Any other suggestions about strategies for getting going, setting up my first simple JVs, and promoting my IM consulting services are more than welcome.

          As far as Jay's strategies go, I want to start off with something basic, what he calls going after the "low hanging fruit", like brokering an arrangement for one business to promote to another non-competing business' list, or perhaps implementing a past customer reactivation campaign for a percent of the profits.

          I never cease to marvel at the generosity of my fellow warriors that contribute massive value to each other, including myself. If I can call myself any kind of authority, I largely owe that to people like Russ and Dr. Mani, so thanks again guys!
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  • Profile picture of the author JMPruitt
    You need to learn to build authority without being an expert. There is a difference between creating authority and being an expert. Mark yourself as a traffic director. You address the problem, and point them to an expert that will help solve it.

    In essence that is the basics of affiliate marketing when you are just starting out anyway.
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    follow my relationship marketing blog for tips on building more traffic without relying on Google's whims.
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  • Profile picture of the author Russell Hall
    Originally Posted by Greg guitar View Post

    My fellow Jay Abrahamsters,

    ...the thought of presenting myself as an expert at something I'm trying for the first time, to people who are running real, viable businesses fills me with doubts.


    I'm trying to get up the nerve to dive into this very exciting, lucrative ocean of possibilities.
    Hi Greg,
    I've been a fan of Jay Abraham for about 20 years. Read a lot of his books and seen many videos. Even worked with people that have met and worked with him personally.
    The common denominator and prevalent quality that Jay Abraham and that of his accomplished students exudes is primarily one of "confidence". Which with all due respect is a quality that you currently do not appear to be in possession of. There's nothing wrong with being nervous or trepadatious about your first venture or presentation (especially to a group). Stage nerves or "butterflies" in the stomach are all part of the Adrenalin process that will drive you through difficulties.
    I noted that you kept using the word "try" a lot,.. and that I see as being your biggest problem. You appear to be focusing on some kind of invisible obstacle and creating issues that most likely are irrelevant or not present.

    Once you get in touch with your innate qualities and the value that you can bring to a venture or a meeting then you'll exude confidence and people will warm to that and then the process of trust and belief will kick in and you'll be able to get your ideas accepted more easily (and even "enthusiastically").
    About 10 years ago I ventured into real estate after having gone back to college for the required qualifications. During the time of my re-education and initial embarkation into real estate I must have attended a dozen seminars and read a heap of books and watched videos and listened to audio. That included Jay Abraham, Tony Robbins, Brian Tracy, Jim Rohn, Zig Ziglar, Robert Kiyosaki, Donald Trump, and Michael Gerber to name a few. After a couple of years I was a virtual walking encyclopedia of knowledge,.... but I was broke (worse still,..heavily in debt). However, I gradually started to believe more and more that most people in real estate kind of shuffled along in a mediocre kind of groove and that most of the so called professionals and gurus didn't really have a clue and were doing things in the same old ways that seemed to work only if you were a member of the elite or the son of a wealthy merchant banker.
    But I gathered my courage (I was actually as scared as hell but I was almost bankrupt so had nothing to lose) and some capital borrowed from a friend. I put my basin information together and I invested some of my borrowed funds to spend some time asking "missing link" questions to very high profile and extremely successful industry expert lawyers, tax accountants, investment brokers, property valuers, architects, builders etc etc. That occurred over a period of about 60 days initially, and then I held my first "seminar" (more like a meeting) with a small group of about 11 people present and just spoke from the heart about my concepts of which I was totally convinced and to which I had prepared a stack of evidence and probability analysis to help tell my story. The end result was that most people loved it and I went on to do a lot more of those presentations to small groups from which I acquired about 30 clients that all paid me fees between $5,000 and $8,000 to engage for a two year period. We went on to do some very profitable investing and I became somewhat of an authority through that process. Now I'm not saying this to big note myself as there's also a concluding "downside" aspect to that success story (more in a later chapter.... to be featured on my blog or my memoirs later perhaps).

    The point is Greg that I went from "trying" to "being" and the only thing that got me there was preparation, determination and courage because as I pointed out earlier... it was a scary proposition and totally new ground to me... but I felt that bankruptcy and failure were scarier and so I persevered.

    Hope that helps.
    Best wishes with it,... just go for it man!
    Russ
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    Mvlti svnt vocati, pavci vero electi - Many are called [but] few are chosen

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  • Profile picture of the author JohnB23
    I'm a huge fan of Jay and his philosophy. Have a lot of his tapes and books.

    -Have you seen his video, My Life in Marketing? Its 4 vhs tapes, about 8 hours. He talks about how he got started, what he did, how he learned what he knows. He's got some really interesting stories, like how he went up and down the main business streets in Indianapolis (in the 70's), and he carried a large business card with him (like, a foot by 2 or 3 feet or something) and he carried that with him to get appointments with business owners. His whole life story is pretty inspiring. He doesnt profess anyone can be an expert overnight, or everyone will have lots of confidence.

    His life story is also in the protege course (from 1990). Its the same thing, but told differently depending on the story.

    -His whole philosophy is, knowing that what you sell performs. What does performance look like?

    There's alot of specific wording from his seminars, tapes about what to say to business owners. On some of his tapes, he has barney zick, and they go through elevator speeches and specific phrases and things to say. You have to know what you offer and what the value is before going to business owners on the phone.

    Say you were in an elevator and someone asked you what you did, how would you respond? In 30 or 60 seconds to get them interested.

    Also, he runs through questions business owners might have. I think in his book, "Getting everything you can", he goes through what to say, or how to respond to certain things.
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    • Profile picture of the author JohnB23
      I'll add...

      What got you excited about Jay's material? What specifically jumped out at you and made you want to learn more about him? His stories, case studies, which concepts?

      Part of his concept is reverse engineering what's happened, and sort of analzying it. One of the Jay Abraham-ism's is that human nature is immutable. What gets your attention will get other peoples attention. Use what got your attention for your audience.

      -What would make it irresistible for 2 or 3 of those chamber of commerce clients to sign up? The concept of an irresistible offer. Even Jays biggest fans dont really understand irresistible offer.

      He uses it better than anyone I've ever seen, thats part of why I study him so much. He gives you preview material if you sign up for a seminar, he gives you bonuses. He gives you free information just in his sales letters. What free information could you give people that any potential competitors of yours, don't?

      -In his book "Stealth Marketing", there was this great quote that stuck out for me. A major, business changing quote. "Single mindedly work a simple idea to its maximum potential". Maybe instead of being "just another IM consultant", you could specialize.

      "Did you know that your customer list could be used to generate up to $10,000 in the next 60 days using 3 simple techniques that I'm about to share with you." That might be more exciting than just, "I'm an IM marketing consultant and I'm going to share these 5 things with you to increase your business". He's a nut over testing, let the market tell you, instead you presumming to know what the market wants.

      -Alot of selling is posturing and positioning. I dont think there's one definite answer. But he goes through examples, where he raised his prices, and it actually helped his posture/positioning.
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      • Profile picture of the author drmani
        JohnB23 - thanks for highlighting some nice J.A.isms.

        The message/quote I love the most (and use in my work) is this:

        "Everyone in my network is going to buy from me. The only question
        is WHEN. And I make a conscious choice NOT to wait until they hand
        over money to start adding value to their lives."


        To me, this spells WINNING PHILOSOPHY!



        All success
        Dr.Mani

        P.S. - Glad you found my 'Value First' manifesto of value, Greg.
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        • Profile picture of the author JohnB23
          Originally Posted by drmani View Post

          JohnB23 - thanks for highlighting some nice J.A.isms.

          The message/quote I love the most (and use in my work) is this:

          "Everyone in my network is going to buy from me. The only question
          is WHEN. And I make a conscious choice NOT to wait until they hand
          over money to start adding value to their lives."


          To me, this spells WINNING PHILOSOPHY!



          All success
          Dr.Mani

          P.S. - Glad you found my 'Value First' manifesto of value, Greg.
          His stuff is fascinating to me. Fascinating how you can build a career (consulting and seminars) basically out nothing. No college education, no formal training.

          He doesnt need to influence Congress or any lawmakers. I've never heard of any govt problems that have restricted his business. He doesn't need lobbyists. Doesn't have to get involved with unions or strict regulations. Pretty ideal business.

          Some more J.A. isms:

          -Your goal in life has to be, to get the highest and the best use of every opportunity you have. It's got to be the highest and best use of your time, the highest and best use of your opportunities, the highest and best use of your capital, the highest and best use of your customers, the highest and best use of your facilities, the highest and best use of your equipment, the highest and best use of your people, the highest and best use of your distribution channels, the highest and best use of your goodwill and the affinity you have established and will be establishing with your customers and prospects.

          -The world doesn't care about what is in it for you. The world doesn't care why you're doing something. The world doesn't care if you want to be wealthy.

          All the world cares about is, how much more you can advantage them. How much more benefit you can give to them. How much greater the result, or the advantage, or the payoff they're going to get from dealing with you instead of dealing with somebody else.

          The more you understand and you focus your efforts on that outcome, the more successful you will be.

          -Way number three is to increase the frequency of repurchase. Getting more residual value out of each customer. And for those of you who don't have any other product or service to sell, don't say, well I can't do that. Because now you are an adapter, an adopter, an interpreter, an importer, aren't you?

          Your goal should be not, I can't do that, I only sell one product. It should say, I wonder how many other products and services I could ethically and nobly introduce to my customers after I have sold them the first item or product or service because it would be better for them. Because they would be better off because of it. And that opens up a paradigm so vast and lucrative you can't believe it. And we'll talk about it shortly.
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  • Profile picture of the author T.R. McCarroll
    Originally Posted by Greg guitar View Post

    My fellow Jay Abrahamsters,

    At first I planned to just talk about some of the great things they could do online to increase business, whether they currently have a website or not. However, maybe if I add a couple success stories about JVs and customer reactivation campaigns, I'd have a chance of getting my first contingency consulting client that might pay me a percentage of the increased profits to set up a new profit center for them, Abraham style.
    I might suggest you find Warrior Gina Gray. She does exactly what you are asking on a daily basis.

    Thom
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