Improving Sales Quotes

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Many people have been protesting against what they describe as censorship on Goodreads. I disagree. In fact, I would like to say that I welcome the efforts that Goodreads management is making to improve the deplorably low quality of reviewing on this site. Please, though, just give me clearer guidelines. I want to know how to use my writing to optimize Amazon sales, especially those of sensitive self-published authors. This is a matter of vital importance to me, and outweighs any possible considerations of making my reviews interesting, truthful, creative or entertaining.
Manny Rayner
Listen to people from your heart, as if your life depended on it, and you will find that in turn people will listen to you with all of theirs.
Chris Murray (The Extremely Successful Salesman's Club)
The Ad♥rkable Manifesto 1. We have nothing to declare but our dorkiness. 2. Jumble sales are our shopping malls. 3. Better to make cookies than be a cookie-cutter. 4. Suffering doesn’t necessarily improve you but it does give you something to blog about. 5. Experiment with Photoshop, hair dye, nail polish and cupcake flavours but never drugs. 6. Don’t follow leaders, be one. 7. Necessity is the mother of customisation. 8. Puppies make everything better. 9. Quiet girls rarely make history. 10. Never shield your oddness, but wear your oddness like a shield.
Sarra Manning (Adorkable)
The choices you make from this day forward will lead you, step by step, to the future you deserve.
Chris Murray (The Extremely Successful Salesman's Club)
Why should I be polished and improved like goods for sale? I might not even want to marry! And besides, I have many skills. I can read and write and play the flute and harp. Why should I change to please some man? If he doesn’t like me the way I am, then he can get some other girl for his wife.
Juliet Marillier (Daughter of the Forest (Sevenwaters, #1))
Never underestimate a person who is kind and sweet. They may have friends in high places or some other superpower. I have written a large company about some improvements and glitches they have which affected my and other authors'/partners' sales. They did very little. Now they are being looked at by people in high places. - Strong by Kailin Gow about the Strength of Being an Influencer
Kailin Gow
Whilst people have answered questions, I have only heard my own voice thinking of the next question.
Chris Murray (The Extremely Successful Salesman's Club)
Spend your time designing the greatest reputation a man could possess.
Chris Murray (The Extremely Successful Salesman's Club)
I was so sure that I knew what they needed and what I wanted to sell them that I never stopped long enough to find out what it was they wanted to buy.
Chris Murray (The Extremely Successful Salesman's Club)
People submit too easily to change from others. And yet, for some reason, whenever they consider changing themselves, the focus is always on what they are giving up, never what they are about to gain
Chris Murray (The Extremely Successful Salesman's Club)
Trust me. If you do not decide where you are heading, and refuse to take the appropriate action, you will end up being shaped into what others would have you become. Then any change will not be made for your benefit but for theirs.
Chris Murray (The Extremely Successful Salesman's Club)
Most men have professions, yet few act like professionals.
Chris Murray (The Extremely Successful Salesman's Club)
At the heart of all sales and marketing is the ability to create demand even in the absence of logic.
Jay Samit
Everything you desire is always just outside your comfort zone, dear boy. If it wasn't you would already possess it, would you not?
Chris Murray (The Extremely Successful Salesman's Club)
Speaking from the heart is simple. Listening wholeheartedly, however, is much, much more difficult and most rare.
Chris Murray (The Extremely Successful Salesman's Club)
What you deserve will be down to you, and you alone.
Chris Murray (The Extremely Successful Salesman's Club)
Quien alcanza su meta no es el que sale primero o el que maneja más rápido. Es el que comienza preparado sabiendo exactamente para dónde va.
Mauricio Chaves Mesén (Los Pilares de Tu Exito)
Destiny and fate are of one’s own making, and riches and happiness are rarely found at the end of an easily-traversed path.
Chris Murray (The Extremely Successful Salesman's Club)
Everything would have been for nothing just because I simply didn’t listen.
Chris Murray (The Extremely Successful Salesman's Club)
I should become happier at what I do and leave others happier than before they’d met me.
Chris Murray (The Extremely Successful Salesman's Club)
Finding happiness by delivering it.
Chris Murray (The Extremely Successful Salesman's Club)
The world will tell you what you are worth, until you show it you are not for sale.
Broms The Poet (Feast)
I have set my mind to make sure I am prepared to accept success, whatever the trials ahead, whatever the work required.
Chris Murray (The Extremely Successful Salesman's Club)
In this world of half-jobs and liars, I will prevail.
Chris Murray (The Extremely Successful Salesman's Club)
Some problems are imaginary and not real.
Rajen Jani (Once Upon A Time: 100 Management Stories)
How one treats another one, determines success.
Rajen Jani
Conflicts are expensive.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Actions undertaken in anger, only result in pain, sorrow, and regret.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Change is constant.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Time well-spent is life well-lived.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Leaders prioritize what they want.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Compromise makes relationships survive.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Sometimes, changing circumstances also changes relationships.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Relationships are built on trust.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Good times don’t last and bad times don’t stay forever.
Rajen Jani (Once Upon A Time: 100 Management Stories)
You can only see your current horizon. Every time you move nearer to your desired destination, new horizons will become clear. New, previously hidden, opportunities will come into view.
Chris Murray (The Extremely Successful Salesman's Club)
Unwittingly, I have sailed through my entire life, so far, with neither direction nor destination. I had a vague instinct to reach dry land every once in a while for supplies, but never anything more than that.
Chris Murray (The Extremely Successful Salesman's Club)
If you woke before dawn one morning with the formula for a vaccine, which would cure the most ghastly disease currently known to man, releasing millions from an agonising death, would you roll over and resume sleeping until daylight?
Chris Murray (The Extremely Successful Salesman's Club)
I have discovered fallen trees across my path and have possessed neither the strength to move them nor the patience or tenacity to find an alternative way round. I have simply returned to where I came from, and told myself there had been no other choice.
Chris Murray (The Extremely Successful Salesman's Club)
You’ve got to be driven to become successful.
Chris Murray (The Extremely Successful Salesman's Club)
To my shame, I had never thought to ask anything of the future, and yet woke each and every day embittered because it was never what I needed it to be.
Chris Murray (The Extremely Successful Salesman's Club)
If the difficult tasks are completed first, then the remaining tasks seem easy.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Conflicts have small beginnings.
Rajen Jani (Once Upon A Time: 100 Management Stories)
The wise communicate in subtle ways.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Angry issues need settling time.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Anger management requires understanding.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Calmness subdues anger.
Rajen Jani (Once Upon A Time: 100 Management Stories)
A clear mind achieves success.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Over time, repetition brings perfection, which brings success.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Perseverance guarantees success.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Change is difficult, since it challenges the status quo.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Time management is essential for a work-life balance.
Rajen Jani (Once Upon A Time: 100 Management Stories)
A positive change in approach improves quality.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Knowledge is something that fire cannot burn, water cannot wet, air cannot dry, thieves cannot steal, and the more you spend the more it increases.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Experience is costly knowledge.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Conflicts need to be resolved at the earliest.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Industrial capitalism transformed nature’s raw materials into commodities, and surveillance capitalism lays its claims to the stuff of human nature for a new commodity invention. Now it is human nature that is scraped, torn, and taken for another century’s market project. It is obscene to suppose that this harm can be reduced to the obvious fact that users receive no fee for the raw material they supply. That critique is a feat of misdirection that would use a pricing mechanism to institutionalize and therefore legitimate the extraction of human behavior for manufacturing and sale. It ignores the key point that the essence of the exploitation here is the rendering of our lives as behavioral data for the sake of others’ improved control of us. The remarkable questions here concern the facts that our lives are rendered as behavioral data in the first place; that ignorance is a condition of this ubiquitous rendition; that decision rights vanish before one even knows that there is a decision to make; that there are consequences to this diminishment of rights that we can neither see nor foretell; that there is no exit, no voice, and no loyalty, only helplessness, resignation, and psychic numbing; and that encryption is the only positive action left to discuss when we sit around the dinner table and casually ponder how to hide from the forces that hide from us.
Shoshana Zuboff (The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power)
The only time you have is the where and when of right now. There will always be good times, bad times, hard times, and complete disasters. However, there is no other option but to be where you are, when you are. That is a universal truth for everyone. The important thing is how you respond, what you decide to do, and when you decide to do it.
Chris Murray (The Extremely Successful Salesman's Club)
Finally, at every opportunity you have to move someone—from traditional sales, like convincing a prospect to buy a new computer system, to non-sales selling, like persuading your daughter to do her homework—be sure you can answer the two questions at the core of genuine service. If the person you’re selling to agrees to buy, will his or her life improve? When your interaction is over, will the world be a better place than when you began? If the answer to either of these questions is no, you’re doing something wrong.
Daniel H. Pink (To Sell Is Human: The Surprising Truth About Moving Others)
Marketing must improve its relationship building and sales must get better at message building and delivery.
John Jantsch (Duct Tape Selling: Think Like a Marketer-Sell Like a Superstar)
Business should not be like war. It should be like love. And not a steamy, one night stand, but a mutually beneficial, steadily improving romance that lasts a lifetime.
Michael Masterson (The Architecture of Persuasion: How to Write Well-Constructed Sales Letters)
Customers don't care at all whether you close the deal or not. They care about improving their business. It’s easy to forget this in the heat of a sales cycle.
Aaron Ross (Predictable Revenue: Turn Your Business Into A Sales Machine With The $100 Million Best Practices Of Salesforce.com)
I can’t get car parts at Lowes, the home improvement store? If I lived in my car, my car would be my home.
Jarod Kintz (This Book is Not for Sale)
I feel with a mullet and a mustache my job prospects would improve.
Jarod Kintz (This Book is Not for Sale)
Without the openness, willingness and desire to change, you cannot develop, improve and achieve your future goals.
Justin Leigh (Inspire, Influence, Sell: Master the psychology, skills and systems of the world’s best sales teams)
The only way you can continue to be relevant to your clients is by changing the way you work. You must continually improve yourself so that you can meet their future requirements.
Justin Leigh (Inspire, Influence, Sell: Master the psychology, skills and systems of the world’s best sales teams)
The secret? Never stop improving your process.
Matthew Owen Pollard (The Introvert's Edge: How the Quiet and Shy Can Outsell Anyone (The Introvert’s Edge Series))
Quality is all about taking care of the details.
Rajen Jani (Once Upon A Time: 100 Management Stories)
A team is more than the sum of the individuals.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Make sure a conflict exists before working to resolve it.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Adverse situations used advantageously can offer solutions to problems.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Problems kept unresolved invite more problems.
Rajen Jani (Once Upon A Time: 100 Management Stories)
Mutual respect is an integral part of communication.
Rajen Jani (Once Upon A Time: 100 Management Stories)
She wondered what it was about storytelling that made people want it almost as much as food and water, even more so in bad times than good. Movies had never drawn more patrons than during the Great Depression. Book sales often improved in a recession. The need went beyond a mere desire for entertainment and distraction from one's troubles. It was more profound and mysterious than that.
Dean Koontz (Mr. Murder)
I am prophetic. I predicted it would snow tomorrow yesterday, and sure enough today it snowed. True, I’ve been saying it will snow tomorrow every day since June, but as you can see, my fortune telling prowess is improving.
Jarod Kintz (This Book is Not for Sale)
When consumers tried to improve their health by shifting to skim milk, Congress set up a scheme for the powerful dairy industry through which it has quietly turned all that unwanted, surplus fat into huge sales of cheese—not cheese to be eaten before or after dinner as a delicacy, but cheese that is slipped into our food as an alluring but unnecessary extra ingredient. The toll, thirty years later: The average American now consumes as much as thirty-three pounds of cheese a year.
Michael Moss (Salt Sugar Fat: How the Food Giants Hooked Us)
Germany, a Wassenaar member, already has a law that effectively prohibits the sale of exploits as well as the practice of giving them away for free, something that security researchers do regularly among themselves to test systems and improve security.
Kim Zetter (Countdown to Zero Day: Stuxnet and the Launch of the World's First Digital Weapon)
My friends seemed to think it was great that I had a grandma who was still comfortable with her own sexuality and even acted on it. But being on the receiving end of constant sex stories and talks about improving one’s love life just wasn’t as fabulous.
Shelli Stevens (Love for Sale)
As CNN recently reported: “A decade of research in the business world proves happiness raises nearly every business and educational outcome: raising sales by 37 percent, productivity by 31 percent, and accuracy on tasks by 19 percent, as well as a myriad of health and quality-of-life improvements.
Steven Kotler (The Rise of Superman: Decoding the Science of Ultimate Human Performance)
they wanted their son to pursue a career in religion or education, not sales. It seems unlikely that they would have approved of a self-improvement technique called “Truth or Lie.” Or, for that matter, of Carnegie’s best-selling advice on how to get people to admire you and do your bidding. How to Win Friends and Influence People is full of chapter titles like “Making People Glad to Do What You Want” and “How to Make People Like You Instantly.” All of which raises the question, how did we go from Character to Personality without realizing that we had sacrificed something meaningful along the way?
Susan Cain (Quiet: The Power of Introverts in a World That Can't Stop Talking)
But I think you peeled away the credit card companies, the sales clerk, the corporation and their many layers, and it was far more personal to work directly with the woman who produced the flour. And you saw how you improved her life. It’s a lot more human and a lot less ones and zeros in a bank account somewhere.
Bruce Sentar (Saving Supervillains 4 (Saving Supervillains, #4))
Gaiman wrote the first draft in fountain pen, in several five-hundred-page, leather-bound sketchbooks that he purchased in a close-out sale. "I really wanted a second draft," says the author. "It's my experience with computers that they do not give you a second draft. Computers give you an ongoing, ever-improving first draft.
Hank Wagner (Prince of Stories: The Many Worlds of Neil Gaiman)
You don't need to be 100 percent better to see a 100 percent improvement. You just need to be a little better. There's a concept in play here called the winning edge. It means that a small change in the right place makes a huge difference in the end result. In golf, a 1-mm difference in the angle of the club head means the difference between “middle of the fairway” and “you can't find your ball.” In a horse race, the winning horse often wins “by a nose,” but that split second is usually a fourfold increase in prize money. In sales, the tiniest perceived difference between competitors can mean the difference between receiving all of the business or none.
Roger Seip (Train Your Brain For Success: Read Smarter, Remember More, and Break Your Own Records)
Operationally, a business can be improved in only three ways: (1) increase the level of sales; (2) reduce costs as a percent of sales; (3) reduce assets as a percentage of sales. The other factors, (4) increase leverage or (5) lower the tax rate, are the financial drivers of business value. These are the only ways a business can make itself more valuable. Buffett
Jeremy C. Miller (Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor)
Paper money in time of war, the new notes will first go into the pockets of the war contractors. 'As a result, these persons' demands for certain articles will increase and so also the price and the sale of these articles, but especially in so far as they are luxury articles. Thus the position of the producers of these articles will be improved, their demand for other commodities will also increase, and thus the increase of prices and sales will go on, distributing itself over a constantly augmented number of articles, until at last it has reached them all.
Ludwig von Mises (The Theory of Money and Credit (Liberty Fund Library of the Works of Ludwig von Mises))
Those who keep careful watch over their conscience are not often liable to form rash judgments, for just as when the clouds lower the bees make for the shelter of their hive, so really good people shrink back into themselves, and refuse to be mixed up with the clouds and fogs of their neighbour’s questionable doings, and rather than meddle with others, they consecrate their energies on their own improvement and good resolutions. No surer sign of an unprofitable life than when people give way to censoriousness and inquisitiveness into the lives of other men.
Francis de Sales (Introduction to the Devout Life - Enhanced Version)
Some have estimated that the pharmaceutical industry overall spends about twice as much on marketing and promotion as it does on research and development. Regardless of how those two figures compare to each other, the fact that they are in the same ballpark gives one pause, and this is worth mulling over in various contexts. For example, when a drug company refuses to let a developing country have affordable access to a new AIDS drug it’s because – the company says – it needs the money from sales to fund research and development on other new AIDS drugs for the future. If R&D is a fraction of the company’s outgoings, and it spends a similar amount on promotion, then this moral and practical argument doesn’t hold water quite so well. The scale of this spend is fascinating in itself, when you put it in the context of what we all expect from evidence-based medicine, which is that people will simply use the best treatment for the patient. Because when you pull away from the industry’s carefully fostered belief that this marketing activity is all completely normal, and stop thinking of drugs as being a consumer product like clothes or cosmetics, you suddenly realise that medicines marketing only exists for one reason. In medicine, brand identities are irrelevant, and there’s a factual, objective answer to whether one drug is the most likely to improve a patient’s pain, suffering and longevity. Marketing, therefore, one might argue, exists for no reason other than to pervert evidence-based decision-making in medicine.
Ben Goldacre (Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients)
What we're now starting to see, as online retailers begin to capitalize on their extraordinary economic efficiences, is the shape of a massive mountain of choice emerging where before there was just a peak.... By necessity, the conomics of traditional, hit-driven retail limit choice. When you dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market. This is not just a quantiative change, but a qualitative one, too. Bringing niches within reach reveals latent demand for noncommercial content. Then, as demand shifts toward the niches, the economics of provided them improve further, and so on, creating a positive feedback loop that will transform entire industries - and the culture - for decades to come.
Chris Anderson (The Long Tail: Why the Future of Business is Selling Less of More)
word-of-mouth advertising. This is the Information Age, for Pete’s sake, so provide as much as you can. This can get more interesting if your product or ser vice is more interesting, but every product or ser vice can create a community—even bottled water or shaving cream. And I could go on with a chapter of ideas to expand on the concept, but you’ll do it yourself as you start down the path. Just think of your Web site as a community. Focus on it, not on you, and look to get involved with and serve that community at every turn. A good consumer example of a Web site that builds community is Stonyfield Farms, producer of organic dairy products (yogurt, milk, etc.). Their Web site offers terrific information on organic foods and how to help protect the Earth. They also provide recipes and a multitude of other information on wellness. One thing they could do to improve their community is to prominently promote a subscriber program. As of this writing, they
Chet Holmes (The Ultimate Sales Machine: Turbocharge Your Business with Relentless Focus on 12 Key Strategies)
You often find this difference between different types of investors. Some will tell you that all the value is in driving down the price you pay as low as possible. These investors revel in the transaction itself, in playing with the deal terms, in beating up their opponent at the negotiating table. That has always seemed short term to me. What that thinking ignores is all the value you can realize once you own an asset: the improvements you can make, the refinancing you can do to improve your returns, the timing of your sale to make the most of a rising market. If you waste all your energy and goodwill in pursuit of the lowest possible purchase price and end up losing the asset to a higher bidder, all that future value goes away. Sometimes it’s best to pay what you have to pay and focus on what you can then do as an owner. The returns to successful ownership will often be much higher than the returns on winning a one-off battle over price. At the price I suggested, I calculated that we would lock in a 16 percent annual yield.
Stephen A. Schwarzman (What It Takes: Lessons in the Pursuit of Excellence)
1. Make incremental advances Grand visions inflated the bubble, so they should not be indulged. Anyone who claims to be able to do something great is suspect, and anyone who wants to change the world should be more humble. Small, incremental steps are the only safe path forward. 2. Stay lean and flexible All companies must be “lean,” which is code for “unplanned.” You should not know what your business will do; planning is arrogant and inflexible. Instead you should try things out, “iterate,” and treat entrepreneurship as agnostic experimentation. 3. Improve on the competition Don’t try to create a new market prematurely. The only way to know you have a real business is to start with an already existing customer, so you should build your company by improving on recognizable products already offered by successful competitors. 4. Focus on product, not sales If your product requires advertising or salespeople to sell it, it’s not good enough: technology is primarily about product development, not distribution. Bubble-era advertising was obviously wasteful, so the only sustainable growth is viral growth.
Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
The 8 Play Personalities The Collector loves to gather and organise, enjoying activities like searching for rare plants, or rummaging around in archives or garage sales. The Competitor enjoys games and sports, and takes pleasure in trying their best and winning. The Explorer likes to wander, discovering new places and things they’ve never seen, through hiking, road tripping and other adventures. The Creator finds joy in making things, and can spend hours every day drawing, painting, making music, gardening and more. The Storyteller has an active imagination and uses their imagination to entertain others. They’re drawn to activities like writing, dance, theatre and role-playing games. The Joker endeavours to make people laugh, and may play by performing stand-up, doing improv, or just pulling a lot of pranks to make you smile. The Director likes to plan, organise and lead others, and can fit into many different roles and activities, from directing stage performances to running a company, to working in political or social advocacy. The Kinesthete finds play in physical activities like acrobatics, gymnastics and free running.
Ali Abdaal (Feel-Good Productivity: How to Do More of What Matters to You)
OPTIONS FOR REDUCING While thrift stores such as Goodwill or the Salvation Army can be a convenient way to initially let go, many other outlets exist and are often more appropriate for usable items. Here are some examples: • Amazon.com • Antiques shops • Auction houses • Churches • Consignment shops (quality items) • Craigslist.org (large items, moving boxes, free items) • Crossroads Trading Co. (trendy clothes) • Diggerslist.com (home improvement) • Dress for Success (workplace attire) • Ebay.com (small items of value) • Flea markets • Food banks (food) • Freecycle.org (free items) • Friends • Garage and yard sales • Habitat for Humanity (building materials, furniture, and/or appliances) • Homeless and women’s shelters • Laundromats (magazines and laundry supplies) • Library (books, CDs and DVDs) • Local SPCA (towels and sheets) • Nurseries and preschools (blankets, toys) • Operation Christmas Child (new items in a shoe box) • Optometrists (eyeglasses) • Regifting • Rummage sales for a cause • Salvage yards (building materials) • Schools (art supplies, magazines, dishes to eliminate class party disposables) • Tool co-ops (tools) • Waiting rooms (magazines) • Your curb with a “Free” sign
Bea Johnson (Zero Waste Home: The Ultimate Guide to Simplifying Your Life by Reducing Your Waste (A Simple Guide to Sustainable Living))
Online’ sales on the Internet are only an improvement of the old mail order catalogues, which were introduced in . . . 1850; they do not represent a structural change. Similarly, the Internet, multimedia cell phones, cable television, smartcards and the general computerisation of society — even genetic engineering — do not represent structural changes. They are all only developments of what already existed. There is nothing in all this to compare with inventions that really turned the world upside down, the real techno-economic metamorphoses introduced between 1860 and 1960 that revolutionised society and the framework of life: internal combustion engines, electricity, the telephone, telegraph, radio (which was more revolutionary than television), trains, cars, airplanes, penicillin, antibiotics, and so forth. The ‘new economy’ is behind us! No fundamental innovation has taken place since 1960. Computers only allow us to accomplish differently, faster and more cheaply (but with much greater fragility) what was already being done. On the other hand, the automobile, antibiotics, telecommunications and air travel were authentic revolutions that made possible what before had been impossible.
Guillaume Faye (Convergence of Catastrophes)
When Joe and I went to meet Goldman’s real estate team, though, we found they had a different view of the risks of this deal. Goldman wanted to bid as low as possible to avoid overpaying. For me, the biggest risk was not offering enough and missing out on a tremendous opportunity. I wanted to make sure we beat Bankers Trust’s expected bid. You often find this difference between different types of investors. Some will tell you that all the value is in driving down the price you pay as low as possible. These investors revel in the transaction itself, in playing with the deal terms, in beating up their opponent at the negotiating table. That has always seemed short term to me. What that thinking ignores is all the value you can realize once you own an asset: the improvements you can make, the refinancing you can do to improve your returns, the timing of your sale to make the most of a rising market. If you waste all your energy and goodwill in pursuit of the lowest possible purchase price and end up losing the asset to a higher bidder, all that future value goes away. Sometimes it’s best to pay what you have to pay and focus on what you can then do as an owner. The returns to successful ownership will often be much higher than the returns on winning a one-off battle over price.
Stephen A. Schwarzman (What It Takes: Lessons in the Pursuit of Excellence)
Launching “Buy It Now” was a large change that touched every transaction, but the eBay team also innovated across the experience for both sellers and buyers as well. With an initial success, we doubled down on innovation to drive growth. We introduced stores on eBay, which dramatically increased the amount of product offered for sale on the platform. We expanded the menu of optional features that sellers could purchase to better highlight their listings on the site. We improved the post-transaction experience on ebay.com by significantly improving the “checkout” flow, including the eventual seamless integration of PayPal on the eBay site. Each of these innovations supported the growth of the business and helped to keep that gravity at bay. Years later, Jeff became a general partner at Andreessen Horowitz, where he would kick off the firm’s success in startups with network effects, investing in Airbnb, Instacart, Pinterest, and others. I’m lucky to work with him! He recounted in an essay on the a16z blog that his strategy was to grow eBay by adding layers and layers of new revenue—like “adding layers to the cake.” You can see it visually here: Figure 12: eBay’s growth layer cake As the core US business began to look more like a line than a hockey stick, international and payments were layered on top. Together, the aggregate business started to look like a hockey stick, but underneath it was actually many new lines of business.
Andrew Chen (The Cold Start Problem: How to Start and Scale Network Effects)
In the absence of expert [senior military] advice, we have seen each successive administration fail in the business of strategy - yielding a United States twice as rich as the Soviet Union but much less strong. Only the manner of the failure has changed. In the 1960s, under Robert S. McNamara, we witnessed the wholesale substitution of civilian mathematical analysis for military expertise. The new breed of the "systems analysts" introduced new standards of intellectual discipline and greatly improved bookkeeping methods, but also a trained incapacity to understand the most important aspects of military power, which happens to be nonmeasurable. Because morale is nonmeasurable it was ignored, in large and small ways, with disastrous effects. We have seen how the pursuit of business-type efficiency in the placement of each soldier destroys the cohesion that makes fighting units effective; we may recall how the Pueblo was left virtually disarmed when it encountered the North Koreans (strong armament was judged as not "cost effective" for ships of that kind). Because tactics, the operational art of war, and strategy itself are not reducible to precise numbers, money was allocated to forces and single weapons according to "firepower" scores, computer simulations, and mathematical studies - all of which maximize efficiency - but often at the expense of combat effectiveness. An even greater defect of the McNamara approach to military decisions was its businesslike "linear" logic, which is right for commerce or engineering but almost always fails in the realm of strategy. Because its essence is the clash of antagonistic and outmaneuvering wills, strategy usually proceeds by paradox rather than conventional "linear" logic. That much is clear even from the most shopworn of Latin tags: si vis pacem, para bellum (if you want peace, prepare for war), whose business equivalent would be orders of "if you want sales, add to your purchasing staff," or some other, equally absurd advice. Where paradox rules, straightforward linear logic is self-defeating, sometimes quite literally. Let a general choose the best path for his advance, the shortest and best-roaded, and it then becomes the worst path of all paths, because the enemy will await him there in greatest strength... Linear logic is all very well in commerce and engineering, where there is lively opposition, to be sure, but no open-ended scope for maneuver; a competitor beaten in the marketplace will not bomb our factory instead, and the river duly bridged will not deliberately carve out a new course. But such reactions are merely normal in strategy. Military men are not trained in paradoxical thinking, but they do no have to be. Unlike the business-school expert, who searches for optimal solutions in the abstract and then presents them will all the authority of charts and computer printouts, even the most ordinary military mind can recall the existence of a maneuvering antagonists now and then, and will therefore seek robust solutions rather than "best" solutions - those, in other words, which are not optimal but can remain adequate even when the enemy reacts to outmaneuver the first approach.
Edward N. Luttwak
Lucid Motors was started under the name Atieva (which stood for “advanced technologies in electric vehicle applications” and was pronounced “ah-tee-va”) in Mountain View in 2008 (or December 31, 2007, to be precise) by Bernard Tse, who was a vice president at Tesla before it launched the Roadster. Hong Kong–born Tse had studied engineering at the University of Illinois, where he met his wife, Grace. In the early 1980s, the couple had started a computer manufacturing company called Wyse, which at its peak in the early 1990s registered sales of more than $480 million a year. Tse joined Tesla’s board of directors in 2003 at the request of his close friend Martin Eberhard, the company’s original CEO, who sought Tse’s expertise in engineering, manufacturing, and supply chain. Tse would eventually step off the board to lead a division called the Tesla Energy Group. The group planned to make electric power trains for other manufacturers, who needed them for their electric car programs. Tse, who didn’t respond to my requests to be interviewed, left Tesla around the time of Eberhard’s departure and decided to start Atieva, his own electric car company. Atieva’s plan was to start by focusing on the power train, with the aim of eventually producing a car. The company pitched itself to investors as a power train supplier and won deals to power some city buses in China, through which it could further develop and improve its technology. Within a few years, the company had raised about $40 million, much of it from the Silicon Valley–based venture capital firm Venrock, and employed thirty people, mostly power train engineers, in the United States, as well as the same number of factory workers in Asia. By 2014, it was ready to start work on a sedan, which it planned to sell in the United States and China. That year, it raised about $200 million from Chinese investors, according to sources close to the company.
Hamish McKenzie (Insane Mode: How Elon Musk's Tesla Sparked an Electric Revolution to End the Age of Oil)
Regret can improve decisions. To begin understanding regret’s ameliorative properties, imagine the following scenario. During the pandemic of 2020–21, you hastily purchased a guitar, but you never got around to playing it. Now it’s taking up space in your apartment—and you could use a little cash. So, you decide to sell it. As luck would have it, your neighbor Maria is in the market for a used guitar. She asks how much you want for your instrument. Suppose you bought the guitar for $500. (It’s acoustic.) No way you can charge Maria that much for a used item. It would be great to get $300, but that seems steep. So, you suggest $225 with the plan to settle for $200. When Maria hears your $225 price, she accepts instantly, then hands you your money. Are you feeling regret? Probably. Many people do, even more so in situations with stakes greater than the sale of a used guitar. When others accept our first offer without hesitation or pushback, we often kick ourselves for not asking for more.[2] However, acknowledging one’s regrets in such situations—inviting, rather than repelling, this aversive emotion—can improve our decisions in the future. For example, in 2002, Adam Galinsky, now at Columbia University, and three other social psychologists studied negotiators who’d had their first offer accepted. They asked these negotiators to rate how much better they could have done if only they’d made a higher offer. The more they regretted their decision, the more time they spent preparing for a subsequent negotiation.[3] A related study by Galinsky, University of California, Berkeley’s, Laura Kray, and Ohio University’s Keith Markman found that when people look back at previous negotiations and think about what they regretted not doing—for example, not extending a strong first offer—they made better decisions in later negotiations. What’s more, these regret-enhanced decisions spread the benefits widely. During their subsequent encounters, regretful negotiators expanded the size of the pie and secured themselves a larger slice. The very act of contemplating what they hadn’t done previously widened the possibilities of what they could do next and provided a script for future interactions.[4]
Daniel H. Pink (The Power of Regret: How Looking Backward Moves Us Forward)
How I Turned a Troubled Company into a Personal Fortune. How to ________ This is a simple, straightforward headline structure that works with any desirable benefit. “How to” are two of the most powerful words you can use in a headline. Examples: How to Collect from Social Security at Any Age. How to Win Friends and Influence People. How to Improve Telemarketers' Productivity — for Just $19.95. Secrets Of ________ The word secrets works well in headlines. Examples: Secrets of a Madison Ave. Maverick — “Contrarian Advertising.” Secrets of Four Champion Golfers. Thousands (Hundreds, Millions) Now ________ Even Though They ________ This is a “plural” version of the very first structure demonstrated in this collection of winning headlines. Examples: Thousands Now Play Even Though They Have “Clumsy Fingers.” Two Million People Owe Their Health to This Idea Even Though They Laughed at It. 138,000 Members of Your Profession Receive a Check from Us Every Month Even Though They Once Threw This Letter into the Wastebasket Warning: ________ Warning is a powerful, attention-getting word and can usually work for a headline tied to any sales letter using a problem-solution copy theme. Examples: Warning: Two-Thirds of the Middle Managers in Your Industry Will Lose Their Jobs in the Next 36 Months. Warning: Your “Corporate Shield” May Be Made of Tissue Paper — 9 Ways You Can Be Held Personally Liable for Your Business's Debts, Losses, or Lawsuits Give Me ________ and I'll ________ This structure simplifies the gist of any sales message: a promise. It truly telegraphs your offer, and if your offer is clear and good, this may be your best strategy. Examples: Give Me 5 Days and I'll Give You a Magnetic Personality. Give Me Just 1 Hour a Day and I'll Have You Speaking French Like “Pierre” in 1 Month. Give Me a Chance to Ask Seven Questions and I'll Prove You Are Wasting a Small Fortune on Your Advertising. ________ ways to ________ This is just the “how to” headline enhanced with an intriguing specific number. Examples: 101 Ways to Increase New Patient Flow. 17 Ways to Slash Your Equipment Maintenance Costs. Many of these example headlines are classics from very successful books, advertisements, sales letters, and brochures, obtained from a number of research sources. Some are from my own sales letters. Some were created for this book.
Dan S. Kennedy (The Ultimate Sales Letter: Attract New Customers. Boost your Sales.)