« What's Your Web Site Done for You Lately? | Main | The 189 Percent Solution »

September 18, 2005

The Law of 250: How to Become the World’s Best

Maybe you’ve heard of Joe Girard. He’s listed in the Guinness Book of World Records as the World’s Greatest Salesman.

That’s quite a claim, but in Joe’s case it just might be true. All by himself, he sold more cars per year than 95% of all the dealerships in North America. And he did it for more than a dozen years in a row. In fact, he consistently sold more than twice as many cars as whoever finished second.

So how did he do it? Well, one thing he did was to apply his Law of 250. Girard believed that everybody knew about 250 people. If he could get everybody he came in contact with to remember him and recommend him to their friends, it would expand his marketing efforts 250-fold. 

Joe committed himself to staying in touch with every lead, prospect, and customer he had ever acquired. He did it with greeting cards. He sent out over thirteen thousand cards every month, each of them personally signed. He mailed them in plain envelopes, always a different size or color, so that nobody would think they were junk mail. 

So did it work? 

Well, he’s in the Guinness Book of World Records, isn’t he?
 
We have it a lot easier than Joe did. We don’t have to send out cards every month. We don’t have to spend money on postage. We can't send our prospects seven or eight e-mails in the course of a year, maybe one or two clippings that will be of interest to them, and maybe two or three greeting cards.

It doesn’t matter whether you’re dealing with moms and pops who are buying cars or tax preparation services, or if you’re dealing with senior executives who are placing million dollar contracts. People like to do business with people they like, and if you pay attention to them on a regular basis, they are more likely to like you. The point is to stay in contact, maintain rapport, and keep our customers thinking of us. 

Authored by: Tom Sant
Author of Persuasive Business Proposals and the forthcoming The Giants of Sales.
You can reach Tom at tsant@hydeparkpartnerscal.com

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451cbf669e200d8342488c353ef

Listed below are links to weblogs that reference The Law of 250: How to Become the World’s Best:

» Заметки про торговлю from Будни трудоголика
Guerrilla Marketing for Consultants: The Law of 250: How to Become the World’s Best Я, действительно, не раз замечал стоит прописаться 10 старым leads и мы имеем обсуждение вполне конкретного нового проекта. Особенно характерно в торговле каналами передачи данных....... [Read More]

» The Law of 250 from David V. Lorenzo
A while ago we discussed the notion of becoming famous to 15 people. Guerilla Consulting recently posted an interesting article that highlighted the law of 250 and its use as a personal sales and marketing tool. The law of 250 [Read More]

» The Sales Law of 250 from Business and Real Estate
The Sales Law of 250 - Joe Girard believed that everybody knew about 250 people. It doesn’t matter whether you’re dealing with moms and pops who are buying cars or tax preparation services, or if you’re dealing with senior executives... [Read More]

» Buzz Law of 250 from Buzzoodle Buzz Builder
Apply the same Law of 250 to building Buzz and you will soon have everyone buzzing about your organization. [Read More]

» What's Old is New from IT Sales Ideas
How many emails did you get this week? How many hand-written notes or letters did you receive? I suspect most people have no idea what the answer is to question #1 since the number is so large. I suspect [Read More]

» The Law of 250 from Career Intensity Blog - David V. Lorenzo
Last week we discussed the notion of becoming famous to 15 people. Guerilla Consulting posted an interesting article awhile ago that highlighted the law of 250 and its use as a personal sales and marketing tool. The law of 250 states that everyone ... [Read More]

Comments

smile eye contact firm handshake ...and communicate (your ability to satisfy their needs), communicate (your interests in their needs), communicate (your continued interests in their needs)...

There's a lesser known aspect to the "people like to do business with people they like" theory.

People are more likely to do business with others who they think like them. That is, it's not so important that you're liked as a salesman. It's more important that your prospect/customer knows that you like them. Basically, customers and prospects think you have their best interests in mind if they understand that you like them. Granted -- this has to be genuine. You really can't fake liking someone -- not for very long.

This parallel rule to the "liking rule" has been documented by numerous psychology researchers -- including Dr. Robert Cialdini.

Girard's story is inspiring, and one that I hadn't heard before. Thanks!

If you pay attention to them on a regular basis...
I love the simple yet powerful concepts, shame they're not so common in reality.
I write a weekly newsletter which serves 3 main purposes
1. To give value to my subscribers
2. To talk directly to my niche (independent business consultants) about things that matter to them
3. To help potential clients or referrers to get to trust, respect and like me and my approach to what I do

I do this from a "Paying it Forward" philosophy and it works. Those clients that have decided to work with me do so because they "know me" and I didn't pay a cent for stamps!

The comments to this entry are closed.

Subscribe to this blog