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The Playbook With David Meltzer

How to deal with rejection? | #AskDavidMeltzer 20

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 20 February 2021

⏱️ 4 minutes

🧾️ Download transcript

Summary

The three universal law of "no's" is the ultimate blend of persistence and patience. During a sale, if you receive a "universal no" that can be a missed call, simply forgetting about it, or a verbal "no". After the third "no" I will let them know, hey it seems like right now is not the best time, if they call back, great. If they don't, they just did you a huge favor. If you want me to answer your question on the podcast, tweet me @davidmeltzer, or email me a video at [email protected] of you asking me a question and I will answer it for a future episode! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I saw somewhere you talked about the three universal notes, like that's when you know

0:06.8

you know it's time to just let it go and let them come to you. Can you just talk a little bit more

0:12.3

about sharper works? It is the combination to me of persistence and allowance. Three universal

0:20.0

notes says that during the course of a sale, when I receive a no, it could be a universal no meaning

0:28.9

I screwed up and didn't make it. I forgot the appointment. I didn't send the document, right? It

0:34.5

could be anything that occurs. On the third no, it could be a verbal no. No, I'm not ready,

0:41.2

or you know, can't do it. But on the third no, that's when we do the walk away and say, hey,

0:47.6

you know, I just want to say I really appreciate the opportunity to speak with you. I need to

0:51.4

obviously attend to people that are my current customers and future customers. If I misread this

0:57.4

or the timing may change or emotions may change or value may change, please give me a call back

1:03.4

a bit more than happy to help. Does that sound fair? 50% of the people call you back like they did

1:08.8

Jill and 50% of the people you'll never hear from again. I still argue that 50% of the people you

1:14.4

never hear from again are just as valuable as the ones that call you back because the ones that

1:19.6

call you back, we're going to call you back. You were just creating a compelling event to get

1:24.0

them to call you back sooner. So you didn't really gain any extra business. In my belief system,

1:29.4

then you would have got eventually you're just speeding it up where the amount of time, energy,

1:34.1

emotion, value, and money you waste chasing people that'll never do business with you because it

1:38.8

takes a thousand times the energy to shift a close mind or reengineer a close mind than it does

1:45.0

an open mind. So in my opinion, the people who never call you back have just done you a huge

1:50.8

favor and the people that call you back sooner, I've only saved you time, but you didn't get any

1:56.2

true extra exponential value out of it. You will get emotional satisfaction like Jill did

2:01.7

with Intercontinental that you got the deal, but she was going to get that deal anyway. It was just

...

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