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The Russell Brunson Show

Marketing Secrets From An Auctioneer

The Russell Brunson Show

Russell Brunson

Business, Marketing, Entrepreneurship

4.8836 Ratings

🗓️ 15 November 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

Here's a quick breakdown of the cool things I witnessed at a recent fundraiser for my boys' wrestling team and how these salesmanship and marketing strategies can be applied to your business: 1. Building Rapport Quickly:   - The auctioneers started by sharing personal stories and jokes to build rapport with the audience, making them more receptive to the sales process. 2. Training the Audience to Buy:   - The auctioneers used a low-risk offer ($20 for a chance to win $500) to teach the audience how to bid. This technique, which I learned from Bill Glazer, is effective because it makes the audience comfortable with the buying process before asking them for larger purchases. 3. Creating Social Proof:   - The auctioneers had assistants in the audience who made noise and interacted with bidders, creating an energetic atmosphere. This approach heightened the perception of activity and demand, similar to how table rushes work at live events. 4. Identifying and Engaging Key Bidders:   - The assistants identified the most interested bidders and focused on them, encouraging higher bids through personal engagement and social pressure. 5. Leveraging Cross-Industry Strategies:   - By observing successful techniques in other industries, such as network marketing's car incentives, we can adapt and apply these methods to our own businesses. This practice, as taught by Jay Abraham, allows for innovative strategies to enhance sales and marketing efforts. For more insights and updates, follow me on Instagram @russellbrunson, text me at 208-231-3797, or join my newsletter at marketingsecrets.com. You can also connect with me on Clubhouse at ClubHouseWithRussell.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Do we really need another computer?

0:02.0

One that's faster, more powerful.

0:04.0

Not everyone does.

0:05.0

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But if you're trying to change the world,

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even if just your own,

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we built one for you. Microsoft Copilot Plus PCs powered by Snapchat, the fastest, most intelligent

0:26.7

Windows PCs ever. Bachelor life varies with you switching settings. What's up, everybody? This is Russell.

0:31.9

I just jumped in the Tesla. I'm driving to the office, and I got something cool I want to share

0:36.4

with you. We had a chance to go to a

0:38.6

wrestling auction this week and some of the salesmanship and marketing principles that I saw were

0:43.6

amazing and so I want to talk to them and how you comply them to your business. So the big question

0:48.6

is this. How are entrepreneurs like us who didn't cheat and take on venture capital were spending money

0:54.6

from our own pockets.

0:56.1

How do we market in a way that lets us get our products and our services and the things

1:00.4

that we believe in out to the world and yet still remain profitable?

1:05.0

That is the question in this podcast will give you the answers.

1:09.1

My name is Russell Brunson and welcome to marketing secrets.

...

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