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How to Create “Gotta Have It!” with Dr. Mark Goulston

Posted by John Livesay in podcast | 0 comments

31.05.17

TSP 112 | How to Create Gotta Have It!

Episode Summary

TSP 112 | How to Create Gotta Have It!Today’s guest on The Successful Pitch is Dr. Mark Goulston who’s written over seven books with great titles such as “Just Listen” and “Talking To Crazy.” He said his whole intent is to heal the world one conversation at a time. I really love that. He said “When you talk with people, talk with them, not at them and not over them if you really want to have a successful pitch.” One of the questions that we talk about is people are feeling when they hear your pitch is do I trust you not to hurt me? It’s that whole fight or flight response that I talk about all the time. He’s got a four-step process he’s going to share on how to get people to say “I gotta have what you’re pitching” and he really gives great insights on exactly what it takes to get people to connect with you when they not only feel like you’ve listened to them but as he describes you listen into them. Find out what that’s all about. Enjoy the episode.

 

Listen To The Episode Here

 

How to Create “Gotta Have It!” with Dr. Mark Goulston

Hello and welcome to The Successful Pitch. Today I’m honored to have Dr. Mark Goulston who is the author of seven books. One of them is “Just Listen,” which is a top seller and he’s traveled around to India and Europe promoting it. Another book is called “Talking To Crazy” and that book was a finalist in the Audible Book Oscars and has been featured on Oprah.com and as if that’s not enough, he’s a former FBI hostage negotiator and most recently he has started doing a one man show where he channels Steve Jobs coming back from the grave to talk about what he did and ask questions that the audience might have. He’s there to answer them. So, Mark, or should I say Steve, welcome to the show.

I’m so glad to be on, John. I was really looking forward to this and actually, right out of the gate, something, an insight that I would give people. The success of Steve Jobs, one of the main things he was able to do is he was what I’d call a first class noticer. And noticing is different than looking, watching and seeing. When you notice something, you’re actually tuned into it.

So, I’m bringing that up because one of the things that I notice about you, John, and why you’re effective and I think people who know you will say “That guy had you right.” You talk with people. Too often people talk at us, over us or they talk to us in a way that’s kind of intellectual but there’s an inviting way in your tone and you talk with people and it’s laced with a desire to be of service, to be helpful.

Also, what I pick up in your tone is, this guy I can trust to never hurt me and that’s rare.

Well I really appreciate you saying that Mark. That means a lot, especially coming from you, which you’re an expert in empathetic listening and people regard you as a people hacker. So you can cut right to what the issue is.

I do pride myself on making people feel safe when they’re with me. I think it’s the highest compliment I can give anybody is that I feel safe to be myself with you and if anybody ever says that back to me, that they feel safe that I would never hurt them, that is a huge compliment. Because when we have that empathy going on between two people, I think that’s a key factor to communication and likability and if you’ve got that going on, then you can start a potential bus relationship but without it you’re probably not going to be successful.

TSP 112 | How to Create Gotta Have It!

Source: Pexels

[Tweet “Talk with people not at or over them.”]

Boy, is that true. You know, you just triggered something. I was fortunate to have six mentors, they all passed away and my last one was a fellow named Warren Bennis and anybody who knows anything about leadership will know that name. He was one of the pioneers in the leadership field. Some will say he invented it.

He was at USC, died a couple years ago. I remember about 10 years ago he was telling me about his 80th birthday celebration. He mentored Howard Schultz at Starbucks and David Gergen from CNN. He’s advised four presidents and there’s a charming and shy part of Warren. I remember he was telling me after that celebration, he said, “You know Mark, they made a big deal over me in Cambridge” and we were at a restaurant and he leaned in and he was looking to see if anyone was looking, and he said, “and you know, I liked it.”

I said something, which I would say to you, and maybe this is something for listeners to consider. I said “Warren, what you don’t realize, people don’t just respect you, they love you. And the reason they love you is something that they pick up that I knew within 30 seconds of meeting you. And what I knew is that I could trust you to never hurt me.”

So great.

And a lot of the people that you coach, or that you mentor, they can’t say that. Howard Schultz at Starbucks can’t say that about many people. That he can trust people to not hurt them.

And then Warren looked at me and he’s kinda shy and he said “You know Mark, a lot of nice things have been said about me and I think people trust me to not hurt them is the third best thing I’ve ever heard and I can’t remember one and two.”

Even better. Oh, that’s terrific.

I’m saying, people who are pitching, if in this day and age where everybody has their guard up. If people can trust you to not hurt them, you’ve got a leg up on the competition. And that’s the leg up that you have, John, and that’s why I actually wanted to pursue you after I heard your wonderful presentation recently.

Thank you Mark. Well I really feel that, that is the secret, isn’t it? If you’re pitching someone to buy something from you, you’ve got a product to service, an app, whatever it is, and they feel that you got your back, that you won’t hurt them. You’ll make them look good to their boss or whatever it is, if they buy from you, if something goes wrong you’re going to be there to help them through it. That’s a huge reason why they pick you.

If you’re trying to get someone to join your team and they feel that you’re never going to humiliate them or embarrass them in front of anybody, either inside or outside of the company. In that quote “You’ve got their back”, they’re going to be loyal.

Of course, if you’re pitching to get funded, that’s everything. An investor has to trust that you’re going to make good use of their funds and not hurt them with how you spend their money and how you treat them.

Absolutely, I think that’s all true. I think you said it in your presentation, and maybe I got the order wrong but, that people need to like you, trust you and then figure out how you can help them.

Did I get the order right or did I get it backwards?

TSP 112 | How to Create Gotta Have It!

Source: Pexels

[Tweet “Do I trust you not to hurt me?”]

Just a little backwards but I start with the gut. That’s where I move up the body. So, I tell people it’s a gut thing. They have to trust is a gut thing. Do I feel safe? Is the whole fight or flight response needs to kick in?

So, it starts at the gut and then it moves to the heart, which is the likability factor, and then the head. So that’s the chakras if you will, that move up and down. So energy wise, I start with the gut, move up to the heart and then the head and that really is, I think if we can explain that to people in a way that they understand that and don’t start from the head, they’ll be way ahead of everyone else.

TSP 112 | How to Create Gotta Have It!

Let’s talk about “Just Listen.” I love the topic of listening. I’m fortunate enough to be friends with Elaine Gordon who co-authored a book with her husband, at the time, Tom Gordon, about parent effectiveness training, which then got translated into Leader Effectiveness Training and this whole concept of active listening that came about in the 60s, has always been a huge interest of mine. And you certainly are, you know, the expert traveling around the world.

So, my question to you, Mark, is what, if any, differences do you see in India and Europe versus here and how we listen?

Well, I think in America, and the world sees us this way, I think we’re becoming more transactional. In fact, I think, relationships are really being challenged now because in order to relate you need to pause enough to listen and consider what the other person’s saying.

And part of what I talk about in “Just Listen” is the difference between listening to someone and listening into them. And I’m going to demonstrate it with you. So, if I’m listening to you, you’ve asked me questions. You know, a substantive question, so, what do you think around the world, their view on listening. Do you think Americans listen better, worse than other places and I gave you kind of a substantive answer.

So, I’m listening to you but here’s an example of my listening into you, and tell me if it’s accurate. As I listen into you, I realize that this show is a calling for you. And it calls out to you and with that in mind, it’s really important for you to give quickly, usable, actionable tips that people can use in their life today to make them more effective today.

It’s really important also, to protect them from some of the gobbly gooks so that they can’t use it today or use it ever. I’m guessing, you’re also protective of your audience. So, every now and then you get and expert on and you think to yourself “This is unbroadcastable. I mean, this guy is a great academic but gee, I don’t want to do this to my audience.” And maybe out of respect you have to share it but I think you really care about bringing value to your audience.

Is any of that true?

All of it’s true. 100%, you have definitely listened into me and I can share with the people listening to this podcast, what that feels like when someone doesn’t just listen to your question.

Let me tell you, half the people don’t listen to you, so that feels great to just have somebody hear the actual question. But the part where it really resonates with you and makes it feel like “Whoa, I’m really connected to this person.” Is what you just did for me when you listened into me. And you put into words a feeling that I have not expressed in exactly that way. I will say I’m really passionate about hosting a podcast. I love hosting a podcast. It brings me great joy. It’s one of the best decisions I’ve ever made. But I’ve never said it is a calling and when you said it I thought “That’s absolutely true. It is a calling.” I didn’t even know it was a calling until I started it but I love that it feels like that to you.

And that certainly is what it feels like to me. And so that’s 100% right on the money. So, the goal for my listeners hearing that information is, if you can figure out how to listen into somebody, you’re going to not just have a connection on an intellectual level but an emotional level. And that’s what pulls people in and wants them to know you better, spend time with you, do business with you. All of that, right?

Right. And I can’t resist building on this little exchange. I didn’t expect it to be so authentic but here we are. I’ve been talking around the country on how to create gotta have it.

So, what happened was about two or three years ago, I decided that I was tired of persuading anyone to do anything because a lot of what I taught, or what people needed, to listen better, to get out of their own way, I wrote two books on that, that did very well. But I had to persuade them but they didn’t want it.

It’s exhausting to persuade people to do things that they need that will make their life better but they don’t want it. And so I decided, what do I do if I want to stop persuading them and I came up with this idea. If I could figure out what causes customers, clients, investors, or talent to think to themselves “I gotta buy that. I gotta have it” or “I gotta work there” or “I gotta invest there.”

If I can figure out how to create gotta, you don’t have to sell anyone on anything. And what happened is, I came up, this is how I got into Steve Jobs, is I came up with a four-step formula that results in gotta have it. And what happened is you went through the four steps when I listened into you.

Really?

Oh, yeah. And the four steps, that was just third step that you just mentioned. So, the four steps to creating gotta have it are whoa, W – H – O – A, wow, W – O – W, hmmm, H – M – M – M, yes. Whoa, wow, hmmm, yes. And then whoa is, I can’t believe what I just saw, heard, read, or felt.

So, the whoa for you was, you know I was teeing myself up and you were thinking “Oh, I hope this guy doesn’t make a fool out of himself thinking he can read my mind. Oh, he’s listening into me, sure. I mean, I might be a nice guy, Mark, but you’re about to go off a plank.”

And then when I got it right the whoa was, I can’t believe what I just heard and I never thought I was pursuing a calling, but I am. And the wow is, that’s amazing, unbelievable. That’s astonishing that you knew that about me. And that, when I asked you, what did that feel like? You laughed with delight because whoa, wow creates delight. And then the hmmm, which you’re doing all over the place right now is, hmmm, this is too good not to use somewhere.

Maybe what I’ll do is right a blog on my calling, you know. When you pitch, if it’s a calling to be of service to your customers or investors, your pitch is going to be better.

So, I don’t know what you’re going to do with it but the hmmm is, you’re thinking there’s something to this. I’m not going to forget what we just talked about. And then the yes is, when you figure out how you’re going to use it, you go to yourself “Sold.” And when I’m playing Steve Jobs now, one of the biggest whoa, wow, hmmm, yes moments is, and I’ll give you a taste, I’ll morph into Steve Jobs –

Oh, yes.

– visiting Xerox Park. And so, so, in 1979 we went to Xerox Park. We got this invitation to see these three things they were working on. So, I go there with Woz and they showed me three things but I didn’t even notice two of the things they showed me something, the windup computers or something about a different organization. I didn’t even notice that stuff. I was blinded by the first thing they showed me and that was the graphical user interface with the mouse and the icons. It was just like watching Atari where I used to work at.

It was the best thing I’d ever seen in my life, hands down. And when I saw it and when I played with it and I felt it, I looked at Woz and he whispered in my ears “Once they go there, they’re never going back the other way” and we both went “Hmmm, this is too good.” And so it was a good deal that we allowed Xerox to buy a million dollars of our Apple stock for just showing us these three things. And then the yes was when we went back to Apple, they didn’t give us the formula but we went back and we said “We’re going to create something and we called that the Macintosh.”

So, that was the whoa, wow, hmmm, yes. If you’re not doing that with your products and services, I’ve been dead for five years so I feel for you but I’m looking at … in this day and age now, since I’ve died, if you’re not creating whoa, wow, hmmm, yes, you’re creating nah, never mind, no thanks, pass.

Wow, I can’t help myself. I say “Wow” to that.

What you’ve done there, Mark, that is so powerful, is you’ve given us two examples. One is yourself and one is Steve Jobs, of a system, as you said before, the four steps of making people feel like I gotta have this. And you did it with me live and then you just did it with, what Steve Jobs did I in the past. And you’ve connected the dots for us of when you have whoa and wow happening you’re creating delight.

And then emotion is so rare and so coveted that it’s a magical formula. And of course, then I really love that you took and played the opposite of what happens when you don’t have that formula, which is, you know, never mind, and all the other negative stuff that’s the opposite of all the positive feelings that you want to elicit.

It’s a true gift. I can see why people around the world have you coming and speaking to them about this. And my big question to you is, who do you think is going to channel you when you are no longer on this planet, many years from now hopefully?

Not my wife or children because, what’s the saying “A Shoemaker’s…” No, actually I love my wife and children but they don’t even know what I do.

How funny.

Well, my dad was a workaholic. And he brought it home so one of the things I declared to myself is that I, even if I have work on my mind, once I’m home, I want my wife and my children to feel that they have a husband and a dad there. I think I’ve done a pretty good job but I could improve upon those areas.

Well, it’s just sometimes people joke around like “Oh, if they were ever to make a movie of my life I’d want” I don’t know “George Clooney to play me, or Brad Pitt.” So, I just thought it’s a fun question to tease you with of whose going to channel you 50 years from now. Because I think what you’re saying is just as relevant and timeless as what Steve Jobs had to say and get left as a legacy.

TSP 112 | How to Create Gotta Have It!

Well, let’s jump into this other book that I just love the title, “Talking To Crazy: How to Deal With Irrational and Impossible People in Your Life.” I want to start the questioning with this book, what if talking to crazy is the self-talk we’re talking? What if we go a little crazy sometimes with our irrational fears and thoughts?

Well, it’s interesting because the two chapters in “Just Listen,” which as I said, went on to become the top book on listening in the world. It’s in 17 languages and there were two chapters that people were interested in. One was called, Steering Clear of Toxic People, this was in “Just Listen.” And the other chapter was How To Go From OF to OK, let’s call the F fudge.

And it’s a chapter on how to calm yourself down when you’re with people who drive you crazy. So, there was so much interest in that, that I created a whole book about “Talking To Crazy” about how to deal with people who drive you crazy and how to calm them down and calm yourself down.

They fit nicely together because “Just Listen” was a way of listening into people. So, when I listened into you, you opened up. “Talking To Crazy” takes it a step further. So you’re not just listening into people, you’re leaning into their, what you think is craziness, and you’re disarming them.

So, I’m going to give a tip to people and this is going to be the best part of the interview I believe. Often when I give presentations, especially to entrepreneurs and business owners, it’s kind of a throwaway and it’s not so much of a throwaway, I’m thinking of making it the centerpiece, I say to people “How would you like to get through to people who don’t want your advice or solutions and when you give your advice or solutions it seems to make the conversation worse?”

Of course, who doesn’t want that and who hasn’t experienced that, right? Everybody.

That’s right. So, when I speak to CEO groups or I will tell you, speak about whoa, wow, hmmm, yes. Even if my talks going well, they all whip out a piece of paper and pencil when I’m about to say that.

And so, here’s a way of listening into that. A lot of times we get in conflict, especially in our personal life because there’s one person who processes information where they think and they do but they don’t like to feel. When you press them for their feelings, they don’t know what they’re feeling. Many of these people tend to be left brained, analytical problem solvers but they stay away from feelings.

Then the F word is feelings. Don’t make me talk about my feelings. And on the other end are people who feel and then do and they don’t like to think. Now, it’s not that they’re thoughtless, it’s that many of them have incredible intuition. Creatives are like this and I will tell you, someone whose incredibly intuitive and incredibly creative, I will trust their intuition over big data anytime.

In fact, one of the things that Steve Jobs prided himself on, he said this on many occasions. He said “We never had focus groups. I don’t believe in focus groups.” And part of it is, he was tuning into the future of people. So, he was very much tuned into what would a future in which consumers who think that technology is just for geeks and nerds and engineers, what would a future look like where they would love technology. And so he tuned into that.

I think that’s so valuable on a lot of levels. One is when you have your pulse on the zeitgeist of what’s going on and anticipating what people will want, my favorite definition of luxury is giving somebody something they want or need even before they know they want or need it. And that’s what I think you’re talking about here is anticipating a need. And if you were to rely on a focus group and test this out, people are like “Hmmm, I don’t think I need an iPad” or whatever the new product is but he put a spin on it because he didn’t let that … “Well you just don’t know you need it yet because you haven’t seen what this one does” for example.

So that is such an insightful way of not lighting the crazy take over. So, let’s continue down that path of who do you calm people down or what’s a tip that you have for calming yourself down when you get a little crazy.

Okay, so let me finish the anecdote because I’m going to save a few marriages tonight and there are some people listening who have been sleeping in the den for three nights and now they get to sleep back in the bed.

So, if you’re a think-do person and when the other person seems to want the conversation to have more emotion in it, here’s what you do. time you’re in a conversation, you’re a think-do person and you’re with a feel-do person, you’re going to utilize something called mediated catharsis. And that’s a big, ugly word but what it means is you’re going to mediate they’re getting stuff off their chest safely that normally they couldn’t say to you because if they did, it’d start a war.

So, there you are within a person who tends to process things in a feel-do manner and what you say to that person is, in the middle of an argument, or something like that, if you can pull yourself out of being emotionally shutdown, which is what happens to analytic types, you look your partner in the eye. And let’s just call that partner, and I’m just making up a name, let’s call that partner Nancy, or I’ll just say it, I’ll use my wife’s name, Lisa because she’s more of a feel-do and I’m more of a think-do.

So, if we’re escalating, what I might say and what I have said is, while it’s escalating I’ll look her in the eye and I’ll say “Lisa, Lisa, I got a way out of this. It’s better than our usual.” And she’ll go “What?” I say “Yeah, I got a way out of this that lands us in a much better place. Just play along with me. If it doesn’t work, we can go back to where we were arguing. We won’t miss a step. Just play along with me.”

And so, what happens is, that’s sort of disarming, but I’m looking into her eyes and then I say “Say this to me” and I’m looking right into her eyes and she thinks … She doesn’t know what I’m going to say and I say “Say to me this. Mark, when you play shrink with me, you give me all these solutions and you give me advice, it feels like you’re talking down to me. Like I’m some, you know, idiot. And you may think you’re making the situation better but you’re actually making it worse. Save that for your clients.” And I say “Could you say that with a little energy?”

And she looks at me and I say “No, you can ad lib it.” What happens is, she will actually say those things, which normally if she said them without my being prepared, I get defensive about it. And what happens is she says them, I’m looking her straight in the eye and what I’m noticing, being a first class noticer, is that I notice that she’s getting stuff off her chest. I’m also noticing that I’m not getting defensive because I invited her to do it. And then what happens is, she starts to giggle. She starts to giggle because she safely gets stuff off her chest that normally she wouldn’t and as that happens, you follow me, you have mediated the catharsis.

I gotta tell you the other side. So, I was doing this with a couple and I did the reverse and a wife of an entrepreneur said to me “You know, everybody respects my husband but he’s kind of a stiff. Everybody likes me but my husband says I talk too much. You know, but people like me.” And the husband would agree with that.

And so I said “This is what you’re going to say to your husband. Next time you get into one of these arguments what does he do? “Oh, he kinda shuts down. I can see he doesn’t know what to do.” So, this is what you’re going to say to him and we’ll call him Joey. The challenge is you’re going to have to stop yourself in mid vent and that’s not going to be easy because you’re a feel-do person. But if you can pause and look him straight in the eye and he’s going to be like a deer in the headlights of a car, because he doesn’t know what to do.

And if you say to him “Joey, Joey, Joey, I got something to get us out of this. Play along with me.” Now if you just say that, he’s just going to start laughing and exhale “Oh, it’s over, great. Tropical storm is over.” But to do it completely you say “Joey, play along with me” and then you say this to Joey. And we’ll call her Joan.

“Say this to me Joey. Joan, when you start to get emotional and you start to raise your voice and when you start to say, you know, you always do this and you never do this, it makes me want to run and push my head into a wall. You make me absolutely nuts and I’m damned if I do, damned if I don’t. If I say nothing, it’s bad. If I say something, it’s wrong and I just don’t know what to do.

So, I had Joan say this to Joey. “Could you say that Joey?” And he’s going “What?” And she said “I’ll help you along.” And then I asked her several days later. I said “How did it go.” She said “I’ve got good news and bad news. The good news is, you know, it took him a few minutes to get into it but then he really got into it and he went on for seven minutes about all these things he couldn’t stand about me and all these different things. But I didn’t get defensive because I was watching, like you said, exactly what was happening. And he just went on for seven minutes. So, that’s the good news.”

I said “What’s the bad news?” “Well, since that time, he won’t stop telling me how much he adores me. He’s following me around like a puppy dog. He’s stroking my shoulder. He’s creeping me out. I kinda like him when he was a nerd.”

Oh, how funny.

And she was kinda laughing, but do you see how leaning in –

Well, I see what you just have done here Mark, which is brilliant. You took the opening of the podcast about being a first-class noticer. Gave us an example of how to listen into someone and took it into the other book of how to resolve conflict by being a first-class noticer, listening in and using empathetic listening and going inside someone’s head of their worst thoughts that they’ve never voiced but you know what they are anyway and giving them permission to voice them so that it diffuses the situation. That’s what I saw and heard. It’s pretty masterful.

That was an amazing summary. I’m impressed.

Well, I’m a first-class noticer.

No, that was really impressive, I’m telling you. Well, I’m glad we could roll with this together, as opposed to checking boxes and me being off the track.

No, it’s fantastic. Well, before I let you go, I’m going to ask you to tell us a story. It could be your favorite story or just a story that you think has a great lesson on what’s it like to negotiate with someone who’s holding someone hostage.

What’s it like to negotiate with someone whose holding someone … So what I would … No, I was a trainer of hostage negotiators.

Negotiation. Right so what license did you train the trainers? I guess, would be the better question.

My training’s were, and you can find some online. If you go to YouTube and look up FBI goulston, you’ll see an old, old training. And what I used to do with FBI and police, that all day training session that I would often be the icebreaker. So, this would get them really involved, is I would, and in this old video you’ll see it. What I did is I take off my sport jacket. Underneath it I’m wearing a police uniform and I haven’t shaved for a couple weeks. I think I put on some broken glasses.

So, these are all police and FBI. You can see them, their backs. And I go from, just like I went into Steve Jobs, I go from Doctor Goulston and I say “I’m” I forget the name “I’m Joe. I’m in your department and a year ago I’m the guy who shot the kid with the plastic gun. And I’ve been on medical leave for a year.” And then I pull a gun out. And I hold it to my neck. And I say “And unless you talk me out of it, I’m going on permanent leave and then you live with the ghost of someone that you should have been able to save and couldn’t. And this time it’s one of your own.”

And then no matter what they do, I think you can see this in the video, no matter what they do, I always pull the trigger. And then I say “This is what you didn’t say. This is what you didn’t ask that would have made me turn over the gun.”

And one of the tips that I often gave in training, and this is in “Just Listen,” there’s something that I call the magic paradox. And I’m going to end by sharing a different anecdote and talk about how you develop a lifelong relationship with a fortune 50 CEO that nobody can get through to.

I can’t wait for this.

So, I get a call from this CEO, because I was doing something on leadership, and this guy is a good to great level five leader. He wasn’t in Jim, what’s his name’s book but, he’s one of these humble CEOs. He does a great job but he’s a little bit nerdy who wants to be cool. So, if you can picture that kind of mentality.

So, I get a call and he says to me “Doctor Elmarko.” I said “Who is this?” And they told me his name and I’ll change his name and we’ll call him Jack. That’s not what his name was. And he said “It’s Jack” and I was following up and I hadn’t followed up after the Harvard Business Review made an introduction.

Not one to be outdone “I said Doctor Eljacko, how are you?” And he said “Well, I’m going out of town but I wanted to be able to set a time so we can follow-up on that conversation.” I said “Where you going?” He said “New York.” And I said “For business or work?” He said “Both.” I said “Well, when I see you, we’ll talk about work, what’s going on at home?” And he said “Well, I have a mom and she’s got Alzheimer’s and she’s in, she’s out, she’s kinda stoic and then she’s just out of it. My dad’s taking care of her, my sister’s taking care of her. You know, she was just really wonderful lady and it’s just been ravaging her and, you know, that’s just kinda what it is.”

And then, because I can be a little bit bold, I say to him, and he went on a little bit, I said “I have a direct command for you.” This is a big CEO. He said “What?” I said “I have a direct command for you. Listen to this.” And I can tell that he’s kind of angry and I said “From what you tell me about your mother, there’s no joy at that home. And when she’s out of it, your dad and your sister see how out of it she is. And when she’s not out of it, she sees how much of herself she’s lost. And from what you told, she’s a noble person. When you go see her, I want you to do something that I call the magic paradox. And what you’re going to say to her, if she seems a little bit with it, is your going to say ‘Mom, I bet you sometimes feel that nobody knows what it’s like to wish it was all over. Isn’t that true?’

Now you’re not mentioning the D, the dead word, but if it hits true, she’s going to start to cry with relief because she’s too stoic to tell your dad or your sister that she just wishes it to be over.

And then if she says that, you follow it up with this question ‘And I bet you sometimes feel that you can’t keep doing this for much longer. Isn’t that true?’ And if you do that she’ll start to cry further and you’ll be giving her a gift. She’ll be lighter. It won’t clear her Alzheimer’s but it’ll make the situation better and you’ll – and you might start to cry.”

And it gets very quiet on the phone. So, I thought he hung up on me and I said “Are you still there?” And he said “I had the car pull over and I’m writing down everything you said, exactly.”

So, a few months later, I’m meeting him in his big office. I’d forgotten that. I’d forgotten that part of the conversation or meeting. And could have kicked myself because that was the most important part of that first call. And we have a great conversation and he’s very shy. And at the end of it he says “Oh, by the way. Do you remember the conversation we had when I was on my way to New York?” And I said “Oh yeah, you mean the one with your mom?” He said “Yeah.” I said “Yeah, what about that?”

He looked me straight in the eye and he said “I did exactly what you told me to do and she did exactly what you said she’d do.” He’s a shy guy and he reached down and took my hand with two hands and he looked at me and he got a little tearful and he said “Thank you.”

Well, that is tugging at my heart strings and so moving. I think the big takeaway, again, there is, you listened into him and you helped him listen into his mother. And when you get that kind of connection with somebody they’ll be happy to do business with you, stay in touch with you, take a meeting, whatever else you might want to do with them because you touched them at the heart level and the gut level and given them a gift. And I can’t tell you enough, Mark, what a gift you’ve given me and everyone fortunate enough to listen to these wonderful insights and stories.

Thank you so much. You know, one of the things you’ve said more than once, is the key is looking someone straight in the eye, whether it’s a spouse or someone you’re engaged with in business or negotiating in a hostage situation. So that’s another big takeaway that I think everybody, sort of, intuitively knows but might forget that it’s when you really want to connect, look someone straight in the eye.

And you’ve done that with us emotionally, verbally and I can’t thank you enough. So, if people want to follow you, obviously, you have over 256 thousand twitter followers. I am certainly one of them and I can understand why other people do. And that’s strictly at your name @MarkGoulston.

Is there any, and of course you have a wonderful website. We’re going to put all the book show notes for people to buy the books. Is there any last little piece of advice you want to leave us with?

Yeah, I have a personal mission in life. The personal mission in life is healing the world one conversation at a time.

TSP 112 | How to Create Gotta Have It!

Source: Pexels

[Tweet “Heal the world one conversation at a time.”]

Nice.

What I would like more than anything is if you made a commitment, everyone listening, that at least once a week, someone in your life, or maybe even just one of these faceless strangers that you walk past. If you look them in the eye, if it’s a faceless person you might say “How you doing?”

If it’s someone you love, look them in the eye. And if you let go of any agenda, my favorite quote about listening comes from a British psychoanalyst, Wilfred Bion and he said “The purist form of listening, is to listen without memory or desire.” Because when you listen with memory you have an old agenda that you’re plugging people into. When you listen with desire, you have a new personal agenda that you’re plugging people into but you’re not listening to them.

And once a week, find a person and you can say “How are things going?” And look them in the eye. And I will tell you, if you look for fear, anger, disappointment or frustration, that they’re feeling alone in, it’s always there.

And you might even say to them, as you’re looking, “Let me ask you, what was the most frustrating, disappointing or upsetting thing that’s happened to you in the last week?” And then get them to be specific. In other words, don’t bait and switch. When they tell you about it use what I call a conversation deepener.

So, when they’re telling you something about the story and say “This was really awful” or “I didn’t know what I was going to do.” When they pause say “Say more about the awful. Say more about didn’t know what you were going to do.” And if you notice you’ll see that they open up even more.

And if you have, I will tell you, if you have no agenda, other than ought listen to them and watch the relief it brings them, you might develop a lifelong relationship, which is what I have with that CEO, we’re buddies from two conversations.

I can email him anytime and I get a response within 12 hours.

Of course.

We’ll we’re going to tweet that out and I can’t think of a better way to leave this wonderful episode than just telling people listen without memory or desire.

Thanks again, Mark.

 

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How to Get 7M in Funding with Mark Sears

Posted by John Livesay in podcast | 0 comments

05.04.17

TSP 104 | Get $7M in Funding

Episode Summary

TSP 104 | Get $7M in FundingToday’s guest on The Successful Pitch is Mark Sears, the CEO and founder of Cloud Factory. Mark turned a two-week vacation to Nepal into a six-year journey creating his startup. He’s raised over $7 million in multiple rounds of funding and takes us through the journey of just how he did it. He said, “When you see the world as flat, you can then build your brand globally. They key is punch above your weight limit.” In other words, get top talent. When you have a culture that defines your why, your passion, your mission attracts the top-T people to join your team and that’s really what investors are looking for when they give you funding. Enjoy the episode.

 

Listen To The Episode Here

 

How to Get 7M in Funding with Mark Sears

Today’s guest is Mark Sears, the founder and CEO of Cloud Factory, which is a startup focused on changing how the world works by using technology to make it easy for startups to scale. Who doesn’t want to do that? It believes that talent is equally distributed around the world but opportunity is not. He has a mission to create meaningful work for one million people in the developing world. That’s going to be an interesting topic for sure. Mark, welcome to the show.

Thanks very much. It’s my pleasure, excited to chat.

Mark, I always like to ask my guests, what was your passion for starting Cloud Factory? How did you get on this entrepreneur journey?

It definitely was born out of a passion, out of a personal life event, you’d say. 2008, my wife and I are Canadian, we decided to head over to the Middle East. My wife got an opportunity for a job there and I was running an online company receiving software royalties and we were just in a position where we could do it. We don’t have kids yet, we want to travel and we can do that from the Middle East.

It was back in 2008 when we were there that we had an opportunity to travel. On our bucket list was to go to Nepal, so in 2008, we went to Nepal for a two-week vacation. I had two very good Nepali friends that I had the opportunity to go meet their families. It was during that time, you mentioned in the intro, that we’ve learned and believed in the thesis that talent is equally distributed around the world but opportunity is not.

It was definitely on that trip where I recognized that. I met three young software engineers and just was blown away. I’m a software developer as well, I don’t get to do too much anymore, but that’s how I started. We really saw the opportunity. It’s something like there’s 1.1 billion people have come online for the first time in the last five years and there’s another billion coming online in the next five. We’re in the middle of a decade where two billion people are coming online. They’re super talented, they’re hungry, they’re hardworking and we just really found this opportunity. That two-week vacation actually turned into living in Nepal for six years. It was. It was Kathmandu, Nepal. That’s where a lot of our operations are today. It certainly wasn’t a vacation. We’ve worked pretty hard those six years to get things off the ground.

[Tweet “Get 7M in Funding: A 2 week vacation in Nepal turned into 6 years”]

I’m always interested in helping startup founders, when they’re working on their pitch, come up with the reason why. Your “why” of why are you doing this besides making money has to be so much bigger than just making money. Investors want to know what your “why” is when they decide whether they’re going to fund you when you’re pitching because that’s what keeps you going when things don’t go well. Let’s talk about your philosophy on why they must, not only define it but you say redefine their “why.” Can you tell us what your “why” is and how you’ve defined and redefined it?

TSP 104 | Get 7M in Funding

Get 7M in Funding: Our “why” is creating meaningful work.

You’ve allude a little bit to the crazy ambitious social mission of connecting a million people to online work. Our “why” is creating meaningful work. We believe that work is this a huge and wonderful thing when it’s done right. There are so many people in the world that do not have that opportunity to work. Earning, learning, growing, finding community, work is more than a paycheck. That for us is what drives us. We‘ve all received opportunities to get where we are. As a team, we get to come together, build a really great profitable business that can scale and create opportunities for many others, and especially for people that live in places where there aren’t many. Our “whys” is definitely about that. We’ve got tons of t-shirts, create meaningful work t-shirts, lots of different things that continue to remind us of our “why.”

It has been a really big focus of the company. We spend a lot of time thinking about what is meaningful work, why are we doing what we are doing, and building a culture really around that idea. The opportunity and the responsibility for us is operating in places like Kathmandu, Nepal and Nairobi, Kenya, where our operations are, is how do you do this in a way that can really invest into the next generation of leaders? Because we employ mostly eighteen to thirty year olds, about 2,500 people on a part-time basis, and around almost 200 on a full-time basis. It’s really an important aspect for us and I think it served us well. Like you said, when things don’t go as planned, you hit road bumps, things never go in a straight line. It’s always a crazy jagged left and right turns, and there’s no question that being able to make decisions through the lens of your “why” is important. It served us well.

Assembling a team is one of the most important things that investors look for. I think having a “why” defines the culture of the startup you’re doing and then that helps you filter out who belongs to your team and who doesn’t. Would you agree?

No question. It’s played a big role. The “why” is a big part of attracting the right talent and filtering out some of the talent that we don’t want as well. We absolutely want people who want to be a part of a growing successful tech startup. But we also want people that get excited about the opportunity that we specifically have as a company. I believe it has attracted people for the right reasons. I believe we’ve been able to punch above our weight in terms of recruiting people that are excited about the social mission that we have. Like we talked about, it also helps us all stay united and grounded in the ups and downs that can be the startup life.

[Tweet “Get 7M in Funding: Punch above your weight class, get top talent.”]

Because it allows you to attract better talent when you have a culture and a “why” defined that makes it really strong, right?

Yeah. It’s no question. Everyone talks about millennials and just how they’re looking for more purpose necessarily than just compensation. I think that in general, there’s been a big shift obviously. When you’re dedicating so much of your life to work, you want it to be something that has some purpose and meaning and end-of-the-game game. I know for me, I was a part of a great startup, we raised $40 million. We grew from five to 140 people in fourteen months. It was fantastic. But I ended up leaving that startup because they didn’t have a “why.” I literally woke up, sleeping under your desk, working 20 hours, sleeping for four hours under a desk as a developer and project manager and product manager.

The only why that I was given was we’re making games run faster on Japanese teenager phones. That wasn’t enough for me to continue investing what I was investing. A lot of people have that. A lot of people are looking for and really needing to understand. Even as families, people want to understand when their spouse is going to be gone, and sacrificing. What exactly are we even as a family investing into?

That’s clever. Everybody has to be invested in making this a success. Take us back, Mark, to how you raised money. Can you take us back to what it was like pitching for funding? Tell us exactly how you came up with the amount you wanted, was it from one investor, multiple investors? Anything you can share on that journey would be very helpful for our audience.

Certainly, I can take you back but I don’t even have to go back that far. We’re very active in a fundraise right now. We’re daily in the thick of it, which is great. It’s fantastic. I’ll go back to beginning. We’ve raised about $7 million to date. We started with a $700,000 seed round about four and a half years ago. It very much shapes the company that we are today. We found a small private equity fund. It’s a $12 million initial fund. The second fund is now $50 million. We ended up connecting at a conference. They were just raising the fund. They really liked what we were doing. Had a thesis that involved emerging economies and the rising middle class as producers and consumers, etc. It was very, very interesting conversations. It led to us coming to Raleigh, Durham, North Carolina where they were based. We ended up opening up our US sales marketing headquarters here, which was not the plan.

That was a very interesting raise that has led to a very significant partner, obviously a board member and mentor in many ways. That was an interesting raise because they were actually, like I said, raising their fund at the same time. We were their first investment for that fund. I was doing a little bit of a dog and pony show for them as they were raising their funds saying like, “This is the type of company that embodies our investment thesis.” It was weird to be helping them actually raise their money in order to get a portion of that as our seed investment.

It’s so important that your investors also fit into your culture as well. That sounds like you found the perfect fit there.

It’s actually been hard because they set the bar pretty high. It’s hard for us to find, since then, to find people that are really ready to get strapped to the mast and bring more than just capital.

I always talk to people about, when you pitch, especially for the seed round, you need to be able to say, “Here’s who we help and what problem we solve.” Can you take us back a little bit, Mark, to a 90-second elevator pitch that would describe that so people would go, “That’s interesting, we want to have you come in and give a ten minute pitch to the group,” or what have you.

TSP 104 | Get 7M in Funding

Get 7M in Funding: The story was really mostly around the opportunity; what would it look like if we were able to take this platform.

Four and a half years ago, it seems like a century ago. It’s hard to do the time travel back. There’s no question that seed round versus our series A versus our series B that we are currently raising, absolutely different things that we are talking about and able to talk about in our pitch. Back to the seed round, we didn’t necessarily have a large established team even at the time, in terms of a leadership team. We weren’t putting forth team. We weren’t putting forth revenue, obviously at that stage.

The story was really mostly around the opportunity. We talked a lot about what would it look like if we were able to take this platform, at that time we had a technology platform or work platform that split work up into small micro-tasks and allowed us to do a lot of automated quality control and really allow us to connect to a company so that they could send work in via API, so over the internet. We had some technology. We definitely did a lot of demos of that to help them understand the vision and the fact that we have some progress. The problem that we really pitched was more of the bad alternatives that are out there right now for our target customers. People that need to get back office work done right now are doing it in a pretty old stale traditional way. It’s the typical outsourcing type model. We just knew that there was a better way to do it that was very, very tech-centric in its approach.

We talked a lot about the pain that was involved in the current ways that the customers we talked to were getting it done and how we can use technology to do it much better. It was more from that perspective. It was more from the opportunity of the amount of talent that’s available in what we call emerging or frontier locations, like Nepal and Kenya. You have obviously Urban India and Urban Philippines and China that obviously are contributing a lot to getting work done. Be that high level IT to more of the back office business process outsourcing, etc.

We talked a lot about the emerging locations and how they’re coming online with such amazing talented people. Obviously, at that time we were based solely in Nepal, we hadn’t expanded to Kenya. We talked a lot about that. We were in a great place. We had a great engineering team at that time, so we were able to train up and see a great Ruby on Rails team. We had a lot of fire power in terms of engineering. We had a great opportunity, obviously a huge supply of talent. We were able to show a glimpse through our technology that there’s a better way to get routine repetitive work done.

I want to underline something you mentioned there, that you really were able to paint a picture of the pain of your ideal customer or potential customers. The more you understand your customer’s problems, the better the investors think you have the solution. It sounds to me like that’s exactly what you did there.

I would maybe just tweak that to say that it proved that we knew how to build the solution and deliver the solution that could take away that pain. Obviously, at the seed stage, you may have something but you’re still far away from product market fit, most companies. For us, it was showing that we understood the bad ways that are trying to solve the current problem their customers face is one thing. Like you said, gave the confidence that we could build and scale a solution.

[Tweet “Get 7M in Funding: Understand your client’s pain to show you can execute the solution.”]

Now, you’ve got some revenue. You hit some milestones, I’m assuming, and you decide, “Now, we’re going to go for series A.” How much was that?

It was a total of $5 million. It was $3 million equity and $2 million debt.

What were the differences in the pitch? Obviously, you now have some traction. Do you talk about what we’re going to do with this $5 million? Do you talk about exit strategies at this point? What kind of questions are you getting asked that are different from the seed pitch?

That’s a good question. The story and the pitch around our series A was a lot of it had to do with our growing customer base. Yes, we had a revenue that was trending well. The numbers were good for the stage. That was there. The biggest story that we centered on was the quality of our growing client base. We had a group of customers that really proved that we were onto something. If so and so is trusting you and paying you this much money this quickly, that’s exciting. Having that referenceable client base that’s actually paying significant money, and the key was that it was growing. We’d have a customer that came on at $10,000 a month and they were going to $20,000, $30,000 a month. That kind of expansion from quality names was probably the biggest story in our series A pitch.

Let me ask you a couple more questions around that because it triggers three questions. The first one is, do you keep in regular contact with your clients? Because I know a lot of investors tell me that that’s one of the key things that they look for, that you’re proactive in reaching out to your customers to see what they like and don’t like. Do you have a system in place to do that?

TSP 104 | Get 7M in Funding

Get 7M in Funding: We’ve actually recently launched a formal customer success team. We work with our customers regularly.

We do now. We’ve actually recently launched a formal customer success team. We work with our customers very, very regularly. But like you said, that’s a little bit more in the reactive way when things need to get done. We do now have a customer success team that is proactively checking in. Those touches have been really, really key for us. For us, it’s different because our motivation obviously is to have very satisfied customers, but we have so much expansion opportunity. When people like using Cloud Factory, when they trust it as a great way to get their work done, they grow their spend immensely. That makes it really easy for us to not look at it as an expense at all. It is absolutely a great investment for our business. That makes it easier. You want to stay in close contact.

Would you recommend startup founders like yourself to start that proactive connection sooner than later?

I think it’s definitely required. Obviously, everyone’s deal size and model is different. If you’re selling something that’s a one-time versus a SaaS subscription, if it’s a $300 deal size, if it’s a $100,000, obviously, there is a correlation between how much you can really invest into each client relationship depending on some of those variables. For where we’re at, there’s no question that if you have the ability to really be touching key accounts regularly in a proactive way, then of course, there’s the question of, is it over email? Is it over phone? Is it over video, Skype, or what have you, or is it in person? Then we really look at all of those mediums and determine really according even to customer spend. When we have a quarterly business review, that’s the proactive. We have a quarterly business review with our larger clients and that’s on site in person for our top accounts. For medium sized accounts, we do a QBR but it’s probably over video conferencing.

You said an acronym there, QBR. I just want to make sure everybody knows what that means. Would you define that really quick?

Quarterly Business Review.

Did the investors talk to your top customers to see why they were sticking and growing so fast before they give you your series A funding?

Yeah. We did do client references. Ironically, literally five minutes before we started talking today, John, we actually just initiated another round of client interviews with the investors we’re talking to for this round.

You are getting customers to scale very fast, right? That’s one of the things that investors love to see when they’re putting money in at any round level. Let’s talk about your expertise that you can share on how can startups scale smarter and faster?

Like you mentioned at the very beginning, that’s our core business. Essentially, that is what Cloud Factory’s whole purpose is in coming along side clients to help them scale their operations. Every business nowadays is thinking differently than they were ten, twenty years ago, where it’s not about necessarily having all full-time employees. We see most of our customers and companies thinking that I’ve got strategic work and non-strategic work.

For strategic work, I need to have my employees. I need to own that workforce, those need to be my actual employees. But for everything that’s not strategic, I really need to be thinking about more contingency ways to really staff that part of my business, to get more elasticity and sometimes to get more expertise. We often will draw a pyramid where at the very bottom base of the pyramid is automation and AI. Everyone wants to shift as much work as they can for efficiency reasons to that place. All the work that we can possibly automate, that’s what we do. We can justify the upfront investment of actually developing those models and technology.

Above that is looking more at a solution like Cloud Factory, where you’re able to get an on-demand workforce, where you’re able to have some levels of elasticity. You pay for what you use. Learning how to almost use a company like Cloud Factory as a tool in your tool belt to grow your company is something that we’re seeing is what a lot of winning companies are doing. Then you’ve got your full-time employees, doing your strategic work. Even at the very top of the pyramid, we often put experts. Even looking at freelancers, consultants, and contractors, I don’t necessarily need to hire those people, but there’s times when you have to pay $200-$500 an hour. Beginning to think about that core, middle of that triangle or pyramid as your full-time employees, but how do you then compliment and build your business, call it an enterprise 2.0 model, where you’re really thinking about how to augment your employees for growth and scaling operations.

It sounds like you’re using and applying this pyramid to your clients, which allows them to scale, which in turns then gives you more revenue because they’re seeing success so they spend more money with you. Is that accurate?

That’s exactly right. You got to get work done and you’re trying to find the best way to do it. Efficiency is important, but convenience and there are a lot of other factors. When someone begins to understand that, “I don’t have to do a traditional outsourcing. I don’t have to just hire freelancers. I don’t have to try and hire full-time employees or interns or temps or all these different ways to do it.” We love when people get it. That’s exactly how we can help them grow and they can obviously help us grow.

Let’s go back to, whether it was your seed round or your series A, because I’m imagining the answers are very different. One of the questions that comes up when you pitch for funding is, what’s your barrier to entry to competition? In other words, why can’t Microsoft or Google do what you’re doing? They’ve got all the money in the world and just wipe you out. That’s a big concern that investors have no matter what business you’re in. How did you prepare for that question?

TSP 104 | Get 7M in Funding

Get 7M in Funding: For us, going to strategic locations and building those data centers looks completely different.

That’s a great question. Defensibility. I have a pretty non-standard answer for a tech company. I’m still a little apprehensive in sharing it, but you asked it so directly I feel like I have to. There’s no question, obviously in terms of intellectual property and protecting intellectual property and technology. We’ve got 55 engineers who have been working for years on our technology. We feel really confident that we’ve got a great head start in terms of technology.

That’s not actually where I usually go in answering this question. It’s really more about something we talked about earlier, with the “why” and the culture. The branding and for us, we have this thesis as a business that someone’s going to create the world’s workforce. The same idea of Cloud computing and AWS and other companies going to strategic low cost locations, building massive data centers, writing software on top of it to virtualize it and rent out slices of that to the world, to power the computing resources of the world. We believe that Cloud labor is also completely inevitable and someone’s going to do it.

For us, going to strategic locations and building those data centers looks completely different. It’s actually building delivery centers and it’s building very intelligent workforce model where we’ve invested a ton into. In 2012, we hired our first 25, what we call Cloud workers. We tried putting them in teams of five and they’re working from home but they would meet weekly with one of our full-time employees and a full-time employee, we call it Cloud seeder, would actually supervise twenty teams of five or 100 of these Cloud workers. We would do leadership lessons every week. We did community service projects. We’ve done over 4,700 community service projects as a company.

All that I say is that we’ve actually spent a huge amount not just developing technology, but developing a workforce model and a culture and iterated on a way to really know. The key is that we’ve done this with boots on the ground. This was me and my family and then other people coming from Canada and America and other places to live in Kathmandu and now to live in Nairobi and for us to partner all together to really do that. Whereas a lot of our competitors are tech companies building platforms in New York, San Francisco, Seattle, etc. that have never met any of their workers. They certainly have not been through to it. I usually get fairly graphic. How many of the other tech CEOs have gone through thirteen bouts of whatever living in a developing country?

We know that that’s a big part of the future of work, truly seeing the world as flat and leveraging technology to do it. But it’s a lot more than just technology. It involves building a culture, building a workforce model, being the best gig in town for the people that you’re trying to actually hire a talent for. We believe defensibility can be in that area of culture. It can be related to why. It can be a little bit more intangible than just how many patents you have.

[Tweet “Get 7M in Funding: See the world as flat when you build globally.”]

The fact that you have boots on the ground, it keeps going back to the team. Everything is the team at any stage of the funding and not only is of the team that are here in the States, but the team around the world that you have boots on the ground. That’s a great, great answer. One final question, do you get asked a lot at any of these funding rounds about the exit strategy during due diligence? Do you think that the investors are looking to get a return on their investment in three to five years with somebody big buying you?

No question. Literally this morning, I had that conversation with investors that are pretty late stage. This is definitely a very recent and relevant question. Almost every fund that you talk to, they’ve got a life cycle, they’ve got a term. The key question I think to ask is, “How many years into the fund are you?” Usually, if it’s a ten-year term, they have to place all their money in the first five years. If they’re in year three or four, that’s trying to get later in the sense that they’re going to be looking for a faster return than if they just started in the last year or two. I think that’s something we’ve learned as we’ve talked more with different funds. Three to five is obviously a very standard answer. You can give whatever answer you want. When you sign that final definitive agreement and close, there’s usually going to be some terms that are related to them getting liquidity in some way, shape or form. It’s a key part of the terms.

When you have a growing company that really has big ambition to really continue growing and scaling, you’re going to be taking follow-on capital. Oftentimes, that follow-on capital is actually another option. It’s not as simple as, “Are you thinking acquisition or IPO?” There are different management bio and other PE, private equity type options that really do provide a very potential path for exit for funds that are on a fixed term.

Mark, is there a particular book you would recommend someone read, either about startups or life in general the “why,” anything that you think would help people.

TSP 104 | Get $7M in Funding

Get Backed: Craft Your Story, Build the Perfect Pitch Deck, and Launch the Venture of Your Dreams

The first that comes to mind is a couple friends put out a book, I think it’s probably about a year ago. I went through a business accelerator with them. It’s a great book called Get Backed. Definitely, for anyone who’s raising capital, it’s 100% required. Everything from email templates, in reaching out to investors, getting warm intros, a big part of it is around creating the pitch deck, creating a story, forming a storyline, story arch, it’s an essential. I definitely broke it out again as we prepared for this round.

How can people follow you? What’s your Twitter handle? All that good stuff.

I’m @MarkTSears on Twitter and Cloud Factory is The Cloud Factory. Fairly active on Twitter and quite active overall on social media. CloudFactory.com, our blog is there. That’s probably the best ways.

Thanks, Mark. Congratulations on all your success. I’m sure the next round is going to be equally successful and we’re going to look forward to you coming back on and telling me about your successful exit in a year or so.

That’s good. Sounds like a plan, John. Thank you.

 

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Bring Value To Build Trust with Josh Elledge

Posted by John Livesay in podcast | 0 comments

29.03.17

TSP 103 | Bring Value

Episode Summary

TSP 103 | Bring Value

Today’s guest is Josh Elledge, who is an expert in public relation and pitching yourself to get on television and get media exposure. Investors love to see start-ups that have some publicity because it shows some traction and some social proof. He said, “You need to be more transparent and authentic when you pitch yourself and bring value as a way to build trust.” If you want to get an investor to trust you, bring value. If you want to get a TV producer to trust you, bring value to them. He said the big framework is, “Who can I serve versus who can I sell.” That big distinction along with don’t be a “ME” monster is really just the tip of the iceberg of great things that you’re going to hear.

 

Listen To The Episode Here

 

Bring Value To Build Trust with Josh Elledge

 

Today’s guest is Josh Elledge, who is on a mission to help entrepreneurs attract the perfect audiences. He’s the founder and chief executive of SavingsAngel.com, and has literally emerged as one of the nation’s leading experts on consumer savings. SavingsAngel.com has become a major operation, employing up to 50 employees and grossing more than five million in sales over the past eight years with less than 500 spent in advertising. Hint: it’s all public relations, which he’s an expert in.

He shares his successful couponing and saving expertise with millions of families, both online, a speaker, daily syndicates. Columnist for nine newspapers. He’s appeared on television and radio over 1,500 times. He also has his own podcast, the SavingsAngel Show, which is the number one consuming shopping and savings lifestyle podcast on the planet. He shares life hacks and deals and who doesn’t want that?

He’s consulted hundreds of successful entrepreneurs in creating that same sort of success which led to the creation of upendPR.com, which I’m proud to say I am a client that I fully endorse this because he has done amazing help for me. It’s a Software as a Service membership-based website which provides a step by step video coaching live training access to a million plus media content. Let me tell you, startups, you need to get PR. That’s what investors want to see as social proof that your idea is going to get traction. Josh, welcome to the show.

John, thank you so much. That was quite an introduction. I’m all flustered almost.

I mean every word of it. The passion behind it is authentic, as you know. Let’s talk about, you are a multi-hat entrepreneur, which I think is going to be really interesting to the listeners to learn how you took your five years in the US Navy with Desert Storm. Obviously, that taught you some lessons. Then you went right into starting your business and your podcast, and now this upendPR. I’m sure it all dovetails together, doesn’t it?

TSP 103 | Bring Value

Bring Value | PR is all about relationships.

It does. It’s really amazing because I have all these individual experiences. For example, I went to school to become a Family Therapist. I got to the end of that and I started doing a lot of work in internet development and I thought, “Did I just waste three years of my life in studying Family Therapy?” It comes to find out that my experience there has been extremely valuable. Because in my work now in helping so many other businesses get PR, one belief that I have is that PR is all about relationships. I take a family science approach and a relationship-psychology approach to public relations. I think that’s part of the success not only are we having with our other clients, but with my own public relation success for SavingsAngel.

We’re going to do a deep dive into that because, as I constantly tell all my listeners on The Successful Pitch, it’s all about the relationship that you build with the investor before they give you money, that they want to invest in people they trust and like and know. The same is true whether you are talking to an investor or talking to a journalist to cover you in the press or have you on their television show, right?

Yes. I think more than ever, everybody craves authenticity. Investors crave that. Audiences crave that. When you’re wanting to work with influencers and journalists, they crave that. The more you can give that and the less that you can just take off the sales and marketing hat. Yes, we have sales and marketing objectives that we need to hit but I’m telling you that based on my experience, the best way to achieve those goals is you’ve got to be real. This old day of Popeil’s Pocket Fisherman or just these fast talking pitch people. That’s great and they’re fine, they’re successful. But I think that audiences more than ever, they just want to know what the real you is like. They don’t mind the warts. They don’t mind the ugly, as long as you are willing to be transparent with them. I find that the more transparent you can be, the more audiences seem to like that.

[Tweet “Be more transparent”]

The investors tell me all the time, “Please have your clients be more human when they pitch and not become robotic.” The same is true when you’re in front of the camera, right?

Yes. John, I’m sure you have seen some incredibly stilted, robotic, inauthentic pitches and you’re probably like, “Okay.” I’m not making fun of anybody because we all have the tendency to do that. Again, as a potential investor myself, I would look at somebody, and if they will just have a conversation with me and just say, “We really got our nose bloodied on this and we learned this.” I would love that. I would feel like I’m just having a conversation with somebody who’s very excited, very passionate about what they do. But yet they don’t have to give me this glossy, veneer feel to their company. Because again, that’s going to cause me to put my guard up.

The investors tell me all the time, “We actually like people who’ve bloodied their knees a little bit and tried other things that haven’t work because that show us resilience and perseverance, and all the skills that are necessary.” That they can’t just say that I’m this kind of person. They tell a story that shows that and the vulnerability, now we’re connecting.

Let’s go back to your Family Therapy expertise. Long time ago, I was actually in a car accident and had to wear a neck brace for a short time. Nothing serious like a metal thing, but like a thing where you don’t turn your neck. I was going to go see a friend of mine I hadn’t seen for years perform. I took that off in the car, because I didn’t want to draw a lot of attention to myself and I didn’t want to seem like I’m this weak injured person. I went and saw her perform and talked to her and then left. Somebody said to me, “Why would you ever do that? That needs to be perfect. You could damage your neck and you were in pain.” As opposed to saying, “I was in a car accident, I hurt my neck.” It was my big a-ha moment, that when we’re vulnerable, that’s how people connect to us.

If you look at social media celebrities, I think that some of the most successful celebrities and bloggers and podcasters are the ones who are not afraid to be vulnerable and share very personal things. Now, you may or may not be comfortable or willing to share the very personal things in your life, and that’s fine. But just know that audiences like that. We started figuring this out with the advent of reality TV shows, and of course we know that that is not real reality, but it’s manufactured authenticity. The fact is we still like to see the daily lives of individuals. We love Shark Tank. We love seeing those failures and those frustrations. We learn from that. I love seeing where other people fail. I love sharing my own failures and hoping that somebody else is going to learn and not make the same mistakes that I did.

Since you opened that door a little bit and talked about the value of vulnerability, let’s hear about one of your failures. Because it looks like everything you touch turns to gold.

If you only knew. I think that any successful entrepreneur will tell you the exact same thing, “You don’t know the backstory.” It’s the backstory that is always the one where people change their answer from, “I wish I could have what they have.” No, you probably don’t because you wouldn’t be willing to make the sacrifice. In my case, I lost not one home, but two homes. One a little bit more graceful than the other. I also had ended up declaring personal bankruptcy long ago, in trying to grow a business that wasn’t necessarily a very good business model. I experienced that. Again, this was a long time ago. But that experience toughened me up. I’m so grateful that I had those experiences of failure.

When I owned a small town newspaper for a couple of years, one of my biggest problems and one of the biggest reasons I failed is because I was afraid to “sell.” The reason why, John, is that I felt so inauthentic when I would go and offer this to potential advertisers for the newspaper. Even though I had a great product, yes, we had evidence that our product worked for the businesses that we worked with. But for some reasons my idea of what selling was, was that it was just trying to convince somebody to do something.

[Tweet “Bring value as a way to build trust”]

In fact, my definition today has nothing to do with that. It is finding ways that you can bring value to other people. If there’s a fit, great, if there’s not, that’s fine. Find other ways. You bringing value to somebody doesn’t necessarily mean that they are going to buy your product or service today. You are going to find a way to bring value to them, give them some kind of insight, give them some great advice, give them some tips and lead them to a competitor. What’s going to happen is they’re going to trust you. Even if it’s not a perfect fit today, in the future, they’re going to say, “That John Livesay guy, he really stirred me right. I want to do business with him because he gave me some good advice, and he had nothing to gain from that.”

I just want to pause there for a second because I want everybody to really digest what you said. Everyone says, “I need to build trust. That’s a given. But how the heck do I do it?” You just gave us the secret. Build value by giving away some advice, some content, whatever it is, that may or may not result in an immediate sale, but it builds trust.

TSP 103 | Bring Value

Bring Value | Their guard is going to be down because you are just focused on serving them.

That’s why I’m such a fan of using publicity. Of the millions of dollars that we’ve earned for SavingsAngel, we’ve done no advertising or marketing, next to none. Everything we do and how I’ve just trained myself is just to give, give, give all your best stuff away for free, and people will appreciate that. They’ll get to know you. Their guard is going to be down because you are just focused on serving them. They’re going to get to like you because they’re spending time together with you. Eventually, that time together is going to lead to trust.

We’re always moving the “know, like and trust” factor by just being in service. Again, I know a lot of us are like, “We’ve got to earn money. We’ve got to increase profits.” A lot of the stress that I think a lot of us have as entrepreneurs and startups is that we need to make sure that money is coming in and we’re growing financially. That generally leads us to, who am I going to sell to today? I would just ask you to consider reframing that first question when you start thinking about work, to instead be, who can I serve today? If you do this, it may take a little bit longer. It’ll feel like it’s taking a little bit longer at first because again, you’re focused on just serving, becoming a thought leader, becoming a subject matter expert and being respected in your industry. But here’s what happens. After maybe it’s a year, maybe it’s two years, what are you in such a big hurry for, really, honestly, when most of us are going to be on this earth for at least 70-80 years. I don’t want to say that you’ve got plenty of time, but you’ve got time if you set this up for yourself right.

[Tweet “Who can I serve vs who can I sell?”]

Instead of focusing on selling, selling, selling, just spend a lot of time just networking. Go do pro bono stuff. Find incubator and accelerator groups that you can volunteer with as opposed to just being a student. Find groups, meet-ups, organize groups, or you just say, “I’m going to do a free workshop on this online, nothing for sale. If you know someone who could use my services, great, but that’s not why I’m doing this. My goal is just to become more well-known in this industry.” It feels so good to be a proprietor in a business where that is your question for the day.

Josh, I want to share with the audience one of the amazing tips that you gave me. Since you’re all about, “Who can you serve?” let’s give them something really smart and tactical that you shared with me, since I’m one of your clients. I want to give this to the listeners because we’re in that same mindset of who can we serve.

You were watching me on a television show and I was saying that a pitch should be clear, concise and compelling. You said, “Those are great three words but you’re saying them too fast for the listeners to really grasp that.” The same would be true when you’re pitching an investor. What is your technique that really works now? The next time I was on television I used it and it was fantastic, much better. I want everyone to really have at least one amazing tactic that they can see just how great you are in helping people get better.

If you rifle through those three words so quickly, John, those are your words and those are not the words of the viewer. If, however, you say, “You need to be clear,” and then you pause, what’s happening now is the listener is now internalizing that word because you’ve paused. Now, as opposed to just taking your word for it that you have a definition of what clear is, it forces me to think about, what does clear mean to me? Now, I’ve internalized that definition.

If you say, “To have a great pitch, you need to be clear, concise, and compelling.” You’ve got those pauses, those pregnant pauses in between there. We need those verbal pauses. I don’t know who said this but, “The most beautiful music is the silence between the notes.” I don’t know where that came from or if that’s a real, legit quote or not. It really caused me to think about that, especially as speakers, as a broadcaster. I’ve done a lot of radio. I was a broadcast journalist for the United States Navy. When I was in school, you we’re always just petrified of dead air, of not filling up the silence with noise. It’s the silence where your investor that you’re pitching to gets the moment to just think to themselves about what you just said, what it means to them.

It really exudes confidence because only people who are confident can take that pause. If you’re nervous and your adrenaline’s going 240, there’s no way you can pause. That is the importance of confidence with practice.

You are so right. I really didn’t think about it that way. Another thing, I used to volunteer to teach high schoolers. One thing that I just hated was you would ask a question and then they wouldn’t answer. Everyone just gives you black stares. That used to make me so uncomfortable. Instead, I read it or learned it. I was reading about becoming a better teacher. Learn to enjoy that uncomfortable silence because that is what is pushing those students to come up with an answer. Because it’s uncomfortable for you. It’s even more uncomfortable for your audience. But this is good because we want to force them to share an answer.

One thing we do, and in sales we can do this too, is we ruin it. We ask a closing question but the person that we’re chatting with, they don’t answer right away. It could because they’re formulating the best way to answer that and we mess it all up by saying, “Oh, blah blah blah,” because we don’t want them to feel uncomfortable. No. We need them to feel just a little bit uncomfortable so that they engage with us. It’s not a bad thing if people are staring at each other for a few seconds while somebody decides that they’re going to open up their mouth and talk.

In sales, they would say the first person to speak loses, which I think is a horrible way of saying that. The first person who generally speaks is going to be the one who makes some concession. They’re going to move forward in a direction that perhaps they weren’t thinking about before. It’s not against their will, it’s just they’re going to say, “Okay, I guess we are going to dance.” They are going to take a step in dancing together that maybe they were just nervous about at first.

That was one of the big secrets that I talked about in my first book, The Seven Most Powerful Selling Secrets. The most powerful selling secret is getting comfortable with the silence in the room. The way that I have learned to do that is to become comfortable with the silence in your head first. Then you become comfortable with the silence in the room. Because many people have all these negative self-talk going on. That’s what causes them their own anxiety to fill the silence.

I tell people, “Just say, ‘I’m patient and calm’ three times after you’ve asked somebody if they want to invest or want to buy, whatever it is.” That gives the person some time to say yes or no or ask a question without feeling this whole old school way of selling that you referred to of whoever speaks first loses. People can feel that energy. As opposed to, “I’m patient and calm,” while you decide whether you want to say yes or no. That has really been a big tip for my clients to sell more, get investors to engage with them more. You open the door and now we continue the dance and say, “Here’s what not to do and here’s the best way to become comfortable with the silence, is to get comfortable with the silence in your head.”

I am telling you that this conversation right here, this is like a million dollar gold right here that you’re getting if you put this into practice. Take it from two people that have done relatively well in business, and it works.

It does. Josh, what do you think makes a good pitch? When you’re pitching, it’s all the same. You’re selling yourself. Whether you are selling yourself to a print journalist, a television producer, an investor to fund your startup, somebody to join your team, the list just goes on and on. It’s so important that we learn how to pitch ourselves in a way that seems authentic. What are some of your best tips on that?

TSP 103 | Bring Value

Bring Value | If I can see that they’re passionate about the industry that I’m looking to hire them in.

Authenticity is extremely important. I know one thing that you talk frequently about is the fact that a lot of times, and I have this from time to time, when you interview somebody and you say, “Do you have any questions?” If the first word out of their mouth is they start asking about their salary, their benefits or that kind of stuff. It’s like, “Wrong answer.” It felt like, “Okay, I get it.” You have concerns, you’re interested in yourself. I totally get that, but it’s not very impressive. What I’m looking for, if I’m interviewing somebody, is if I can see that they are passionate about the industry that I’m looking to hire them in. Or if they are passionate, I’ve shared with them my mission and they’re like, “Oh my gosh, I love that.”

If they can understand why I do what I do and I can tell that they’ve enrolled themselves into my enthusiasm, then I’m going to feel a real connection with this person. I’d love to bring them aboard my team. I feel like skills are easy. Anybody can learn skills. But if the passion, the drive and the love is not there, then it’s just not very attractive. Similarly, if someone is pitching their product or service, if they know a little bit about me as an investor and they know the kind of things that I’m really passionate about and they tailor that pitch to the things that they know that I’m really into, I’m going to resonate with that. Because they may find out some of the causes that I really care about. It’s not that difficult to find that out from potential investors. Just do a little bit of due diligence and you can find that out. You might want to target your message.

When you talk about pitching your product or service, you might be talking in terms of all the things you need and want, but really you should be thinking about, what does the investor want? What do they really want out of it? Yes, they want to make money out of it, but there are some emotional intangible things that money can’t buy. I wonder, and John, I suspect that you have some great information on this, what are those intangible things? How can we make that a part of our pitch?

Everything you’ve said I’m completely in sync with. Doing the due diligence on an investor before you go pitch them, looking them up on LinkedIn, see what other charities they might be involved in; if they are a foodie, if they like travel. Find some point of connection outside of the business that allows you to establish rapport with them. I did this with a television host I was going to be on, AM Northwest. I watched a couple of segments that they had on their website to see what she was like, the host of the show. One of the people she had on her show the day before she had me on was a therapist talking about your hot buttons and how do you get rid of them and where do they come from. She said, “My hot button is I don’t feel good enough.” This is someone who’s had a talk show for 22 years in Portland.

I had about 30 seconds to talk her before we went live on camera. I mentioned to her that I watched that episode and I said, “I was so surprised to see that was one of your issues. A lot of people have, “I’m not good enough” as an issue.” I said, “Do you think that’s what motivates you so much?” She’s like, “I’m not sure. That’s an interesting question.” She said, “I grew up poor. When I was ten years old, my mom took me to the grocery store and they were giving out free samples of cookies. I just said, ‘Do they have nuts in them?’” and the woman looked me up and down and said, ‘Beggars can’t be choosers.’” The entire set gasped. No one had ever heard her tell that story and they’ve known her for years. I just touched her arm and I said, “I’m so sorry that happened to you.” “And three, two, one. You’re live. Hello and welcome.” But we had that moment of bonding and she couldn’t have been nicer to me on camera. It’s one of my favorite interviews, because of that due diligence.

Wow. It’s one of those simple things that if you’re thinking only about yourself and what you want, you might not take that extra step to learn. If I’m working with an investor, and obviously this is something that we’re going to be attached at the hip on, they’re going to be nervous. They’re going to want to make sure that this is a smart investment for them. What value can I bring them? It’s those sorts of things that make all the difference.

Now, speaking of bringing value, the audience of The Successful Pitch is a lot of founders looking for ways to stand out from the crowd. Investors hear about 2500 pitches in a year and only fund 25. How are they going to get that 25? Having publicity is one great way to do it, yet they can’t afford a $5,000 a month publicist. Tell them what they can do with upendPR?

That’s who we work with, and honestly, that’s why I started upendPR. SavingsAngels has done fine. We’ve had a great run now. We’ve been in business for about ten years. We just never did regular advertising because at the beginning, especially, I didn’t have the money to do it. I really just leveraged my experience of working with the media. Along the way though, I tried hiring PR firms. At one point, I blew over $25,000 trying to hire it out myself. Unfortunately, the returns just weren’t there because what most PR firms like to do is charge you a lot of billable hours for a lot of work. They like to manage stuff, which if you’ve got a big, big, big budget, it’s a fine way to go. But if you’re really nervous about how you’re spending your money, just know that someone is going to have to just put in the time.

PR is one of those things that you cannot outsource completely until you’re rolling in the cash because it gets real expensive. Nobody, John, and I know you’ll agree with this, nobody can represent your brand, your company, as well as you can or the founder can. When you try and outsource that, if the pure message was solid black and you’re trying to outsource the selling of your brand and the pitching of your brand, it’s just going to be a light shade of grey. No one can explain it. No one is going to have the passion like you are.

TSP 103 | Bring Value

Bring Value | What we designed upendPR to do would be to be very friendly to any brand who’s looking for a solution that’s about $2,000 or under.

What we designed upendPR to do would be to be very friendly to any brand who’s looking for a solution that’s about $2,000 or under. That’s the first thing. Knowing that and knowing that our target audience just doesn’t have a huge budget to do that, but yet they want results, what can we do? Instead of outsourcing everything to us, we work in conjunction with the founder, with the owner. Sometimes they are really busy, so we have to be very careful about giving them too much stuff to do. But what we want to focus on is say, “Look, if you want media exposure, it’s not that hard. We’re going to help make introductions, we’ve got access to all the software just like any other PR firm. We’re going to help design and write pitches with you so we can send to the media. We’re going to identify exactly who you should be communicating with. We’re going to make sure that your press kit and everything about your website communicates authority because that is going to improve our success rate. But at the final leg where you are actually going to start interacting with the journalist or the producer or the writer, whoever it is the influencer, we need to make sure that that communication comes from you,” because that’s the most authentic way of doing it.

A lot of journalists, and I worked as a journalist myself, see public relations people as a necessary evil. In most cases, PR people are just trying to sell you stuff. Our guard as a journalist, your guard is just up. You’re like, “Okay, someone is paying you to sell the blah blah blah.” I shut down a little bit when I get an email, unless it’s from a really, really big company that I know and love already. If it’s from a company I’ve never heard of, why would I interface with them? However, if I get an email from the founder of a startup and they’re like, “Hey, Josh. I’ve been following you on SavingsAngel for quite some time. I read your column. I’ve seen your TV segment, blah blah blah. I really love the emphasis that you put on helping consumers save money. You may or may not be interested, but we developed this service. I’m not sure if it would be a fit for your audience but it would be my dream to be able to, in some way, provide service or value to your audience, just because you’ve done so much for me.”

That pitch right there, your success rate just went from 10% to 20% up to 70% to 80% easily. Because you approached that influence or that producer, that journalist, as a fan. Their guard is down. Everyone wants to feel appreciated for their work. If you begin with appreciation and then you’re authentic about what your ask is, you start there, and then you also share, “The reason I thought of this is because I’ve gained so much from you. I’d really love just the opportunity to reciprocate in some way or be able to serve your audience in some way.” This is the most important thing, in terms of pitching, you have to remember, there is going to be an ask. Let’s say you’re pitching a blogger, now my recommendation, if you’re pitching a large prominent blogger or a social media person, you should not ask for anything in return. You just want to provide content.

As a matter of fact, I would go so far as to say these words, “I don’t need any links back. I don’t need any promotion. I don’t need any kind of traffic or anything. That’s not why I am doing this. I just love what I do and it would be a huge honor to be able to serve your audience.” Now, here’s what’s going to happen. Professionals will reciprocate. But you have to give them the space to reciprocate. I get emails all the time. You know why they’re doing it. They’re doing it just so they can have the incoming link juice. All influencers know exactly what you’re doing when you want to guest blog or whatever. If you just approach them and say, “Look, I’ve followed your blog. I really love it. I’ve learned so much. I specialize in this one very specific thing and it would be an honor for me to be able to serve your audience in some way.” You tell them, “I don’t need any links back.” You have given them the space to reward you back.

It’s almost like another way of silence, isn’t it? It’s the same space, the three to five seconds after you’ve asked someone if they want to buy. You’re giving someone space to decide if they want to have a link back or not.

[Tweet “Don’t be a ME monster”]

Yes. Again, you know what a professional is going to do? They’re absolutely going to hook you up. Sometimes amateur bloggers will forget, but all the professional ones I know, they’re not going to use your content and not source you. You just have to let them do that. It’s like if you’re at a social function and you’re networking, we’ve all been there, right? Where this one motor mouth, he’s a “ME” monster. You start talking with them saying, “Where are you from?” Then all of a sudden he just goes into robo pitch mode. It’s like you want to wave your hand in front of his face and go, “Is there anyone in there? Is there a human being?” Let’s have a conversation first and if it comes up naturally and organically about your product and service, that’s cool. But otherwise, just ease off on the selling machine there.

You said something earlier. Before I let you go Josh, I just want to really get into it just a tad, which is you’re complimenting someone about how great their blog is. I just want to encourage everybody to literally really prove that you’re being authentic by being specific. “I’m a big fan of your blog and one specific blog you wrote where you said X, Y and Z really resonated with me because I went through something similar or it helped me get over the death of my grandparent,” whatever it is. If you get that specific and personal, that means so much more than just saying, “I’m a fan.”

Yes, absolutely.

Josh, how can people follow you on social media? How can they learn more about upendPR.com? Any posts you want to recommend?

If you don’t mind, I actually prepared a gift for everybody too. I do a lot of work on Twitter and I love connecting with people on Twitter. I find it just such an efficient way of communicating and networking. I get so much business through Twitter. You can follow me @JoshElledge. If you Google me, Josh Elledge, you’ll find all kind of stuff about me. The gift I was going to give is I actually have a Twitter Publicity Mastery Course that I normally sell for $100. For those who are listening, please don’t post this on social media. This is only for people who have listened to this entire program. If you go to upendPR.com/pitch, it should fill in a coupon code for you. If it doesn’t, then just type in the word PITCH in the coupon box. That will give you that course for free.

Wow, that’s just generous. Thank you.

Yes, because I have just been so richly blessed by the connections that I have been able to make on Twitter. I think Twitter is confusing for a lot of people in that they just don’t really understand how to use it. They understand how to follow a hashtag during a presidential debate or a sports game or something like that. But wow is it powerful. That is probably one of the most important tools you can use to increase your own PR.

Thanks again, Josh. You’ve been a fantastic guest, as I knew you would be. I am honored that you decided to come on The Successful Pitch.

Thank you so much, John. The honor is mine.

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