When I started Simplifilm, I made a conscious decision to work with the best people in the world. A decision that continues to this day. And I did it.
I’ve worked with amazing people, people I picked years in advance. And some even more incredible people I never imagined. (Such as Will.I.Am, Arianna Huffington and Scarlet Johannsen—all in the same project.)
None of this was accidental. It was—and is—predicable. I call it my 10–10–10 strategy, and here’s how it works.
Note from Chase: This is a post from Chris Johnson, one of the most inspiring business builders I know. What he gets into in this post is what I call his strategy for bringing “intention” to the sales cycle. You’ve probably heard me rant on the podcast about the amazing interview he has in Fizzle. When Chris talks, I listen. Enjoy!
Step 1: Write down 10 people, 10 projects and 10 companies you want to work with. I have people at all levels on my list. “Salesforce.Com” is there, and so is “Clicky,” a Portland company.
Who are 10 people you’d like to work with? Maybe they wrote a book you loved, did an interview you’ve heard, gave a TED talk, are a leader in a company you admire, etc. Currently on my “10 People” list I have both Guy Kawasaki and Jon Stewart listed as people I would really like to work with.
What about companies? You want to work with people leading their field and at the center of their culture. They generally attract a high caliber of person. On my list this year was Hachette Book Group — the big publisher we haven’t worked with yet.
For your purposes, you might divide each list into 2–3 “chunks” that are based on your level currently. For example, I have people in 3 classes: realistic, reaches, and Oprah-class. A realistic get on my list is Nancy Duarte—I don’t yet know her, but eventually our paths will cross. A reach get would be Guy Kawasaki. Jeff Bezos, CEO of Amazon is my Oprah-class get.
Step 2: Learn all about them. This is a grind, but look:
Studying people you deeply admire has huge side benefits. Learn who they follow on Twitter and who they connect with. Learn what they are interested in. Learn what they need.
On my list right now is Apple. In order to work with Apple (and I’ve been close), I have to learn which products have the most opportunity. There’s no way I’ll be doing the new iPhone video, but there are other products and services they offer that I can have a crack at.
We have to live in the tension between opportunity (what winning this client would do for our business) and possibility (how likely it is that we could win this client). Making a video for Oprah would be a big opportunity, but it’s less likely than landing a deal through a friend of a friend.
When we learn about these people, companies and projects we can discover back roads into working with some of those dream clients.
Step 3: Connect from the outside in.
When we study our people and companies, we will learn a ton about them. Things like who their vendors are, who they hang out with at conferences, who they pay attention to and admire. This is a whole new list of people to target as clients because you’re that much likelier to be recommended to your 10-10-10 people.
It’s an indirect route to your targets, but it is faster sometimes. Meeting a friend of the VIP and adding value could get you referred (with or without an ask) much faster than other cold tactics. Therefore, start adopting people into your network and adding value to them.
The natural outcome of adding immense value to a network is being embedded deeper within and getting referrals.
Step 4: Make your business good enough for them.
10–10–10 will change your business. Why? Because you’ll have secret mentoring from all these people you studied. Think about the caliber of people your targets work with. Do you make things at that level? Are you easy to work with like the Apple Store? Do you know my name like my Starbucks does? Is your proposal good enough to impress Nancy Duarte (another person on my list)?
Being realistic, it’s possible to win with some ‘ghetto’ materials, but the real job is to win with amazing stuff. So, what is the next step to bring your quality up to the level of your targets?
Step 5: Get a real win.
CAUTION: A lot of service businesses make the mistake of subsidizing rich people in hopes of a retweet. Don’t be that guy!
Here’s how I keep score on my 10–10–10 list. I get either a full price sale or a full price referral from one of the people on my list. So, when we work with someone, and get a result, it’s a win.
A discounted deal to work with someone is NOT a win. The goal of working with elite people is the ability to do great work at premium prices.
Riches On Your Path To OZ
Now, let’s talk about something else important. Dorothy was off to see the Wizard. But, along the way she got to work with the Scarecrow, Tin Man, and Cowardly Lion. That’s 3 sales she made on her quest to sell Oz on going to Kansas.
The people you meet aren’t “first tier” people. They may not be the brainiest, heartiest or courageous… yet. But they’re the people Dorothy spent time with, grew with, overcame her fears with and were more important and more memorable than OZ was. The people my company will meet on our way to doing a Super Bowl ad are more important, more lasting and of greater consequence than the ad itself.
You can always tell if a strategy is going to be effective if it has many different ways to win, and 10–10–10 is that strategy where you have many wins to get.
The Top 10 Mistakes in Online Business
Every week we talk with entrepreneurs. We talk about what’s working and what isn’t. We talk about successes and failures. We spend time with complete newbies, seasoned veterans, and everything in between.
One topic that comes up over and over again with both groups is mistakes made in starting businesses. Newbies love to learn about mistakes so they can avoid them. Veterans love to talk about what they wish they had known when starting out.
These conversations have been fascinating, so we compiled a list of the 10 mistakes we hear most often into a nifty lil' guide. Get the 10 Most Common Mistakes in Starting an Online Business here »