THE NUMBERS YOU NEED TO KNOW
60% of people don’t want what you’re selling; period. I’ll give you a moment to chew on that.
Instead of letting this statistic depress the heck out of you – I’m going to show you the numbers that govern the game we play as entrepreneurs, and exactly what to do to make sure you get booked.
Take a look at the diagram above.
I poached these numbers from Sabri Suby’s Book, Sell Like Crazy.
At any given point in time around 3% of your market is ready to throw their credit cards at you.
60% of people in your market aren’t problem aware. When people don’t think they have a problem (which drives the desire to take action) – they’re not buying anything to fix that problem.
[Unrelated Side note: This psychology is exactly why mainstream marketing and mass media make you miserable. When you think you’re fat/ugly/too single/too (insert your choice of demeaning state) as a result of all the media you consume that affirms this message, you unconsciously cultivate a desire for the opposite. Dodgy corporate empires exploit this emotional weakness by putting a product in front of your face to help solve the problem that they themselves created in your head. Luckily for us, none of these dodgy tactics are required to build an intentional, fully booked business.]
This section of your market is made up of people who don’t have a need for your offer – or who aren’t interested in your business.
Another 20% of your market is aware that they have a problem – but aren’t actively doing anything about it.
And finally, another 17% of your market is in info-gathering mode. This means they’re aware that they have an issue, they have the desire to solve it – and they’re either window shopping or looking for information to solve the issue themselves.
The reality of the math on this is that at any given stage in your entrepreneurial journey, around 3 out of every 100 people that you talk to are going to be ready to throw their credit cards at you at this very moment.
So what the heck does this mean for you as an entrepreneur and how is this awareness going to help get you booked with clients?