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Marketing School - Digital Marketing and Online Marketing Tips

The Power of “No” | Ep. #994

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 21 April 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

In episode #994, we discuss the power of “no”. Tune in to hear why you shouldn’t automatically agree to client requests. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: The Power of “No” [00:50] The moment you say yes, you only open the door to more “yeses”. [01:15] Don’t do things out of your scope, because it will take all of your time and eat away at your profits. [01:40] Show that you have standards and backbone. [02:05] Have firm boundaries in order to protect yourself. [02:50] The more you cave in, the harder it will be for you. [03:00] Always have a reason why you’re saying no. Explain the downsides. [03:54] That’s it for today! [03:58] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! DM Eric if you would like to participate in the VIP dinner. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Get ready for your daily dose of marketing strategies and tactics from

0:06.8

entrepreneurs with the guile and experience to help you find success in any

0:11.4

marketing capacity. You're listening to marketing school

0:14.5

with your instructors Neil Patel and Eric Sue.

0:19.4

All right guys before we start we got a special message from our sponsor.

0:27.0

If you want to rank higher on Google, you got to look at your page speed time.

0:31.5

The faster your website loads, the better off you are. With

0:34.4

Google's core vital update, that makes it super, super important to optimize your

0:38.5

site for low time. And one easy way to do it is use the host that Eric and I use dream

0:44.5

host so just go to dream host or Google it find it check it out and it's a great way

0:49.7

to improve your load time. Welcome to another episode of Marketing School.

0:56.0

I'm Eric Sue and I'm Neil Patel.

0:58.0

And today we are going to talk about the power of no, which is the best sales tactic now that sounds counterintuitive right but why in the world does no why is no a good thing well know is a good thing because the moment someone comes back and they say,

1:13.6

hey, can I have a discount?

1:15.2

Hey, can I get more for the same price?

1:17.2

And they keep asking you for more and more stuff.

1:19.5

The moment you say yes with one thing, they know they can walk all over you and ask you for 10 more things

1:26.1

and it's non-stop and what you'll find is one it makes it harder to close a deal because they

1:31.9

realize that you'll cave into all of their demands.

1:34.7

And two, when you have your agreement finalized, you're probably not going to like it because you'll

1:38.6

find that it won't be as profitable as you want.

1:40.5

You may even let up losing money because you're doing all these things that are out of scope

...

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