DRAFT — assembled from the store. Every element is read from the library; the video is cued to a coded passage.
Exponential Entrepreneurs

The 97  ›  Positioning

Trust

The point

Trust building: the 3X (yes 300%) impact. Talk straight, demonstrate concern, create transparency, right wrongs, show loyalty, deliver results, get better, clarify expectations, practice accountability, confront reality, keep commitments, listen first, extend trust.

Jay Abraham · Redondo Beach 2023 — Day 2, with Sam Woods and Dr Barnard Cued to 31:38 4 min 16 sec loading…

Why it matters

Trust is the great accelerator of every relationship you will ever build in business, and what it is worth is not a small adjustment. When a client trusts you completely the resistance simply falls away — the yes comes faster, the loyalty runs deeper, and the referrals arrive without anybody having to ask for them.

The strategy underneath it is easy to say and hard to do. Become the most trusted advisor your client has. Fall so completely in love with their success that they can feel it in every word you say. They already have all the vendors they need. What they are missing is somebody who puts their wellbeing ahead of the sale — and when you are the one they trust most, price stops being the conversation.

Trust is a practice rather than a personality, which is the part that should encourage you. Stephen Covey names thirteen behaviours that build it: talk straight, demonstrate concern, create transparency, right wrongs, show loyalty, deliver results, get better, clarify expectations, practise accountability, confront reality, keep commitments, listen first, extend trust. Anybody willing to do them can become the most trusted person in their market.

Of the thirteen, one compounds above the rest. Extend trust first. Most people wait to be trusted before they will trust anybody back, which means nothing ever starts. Extend it first, on your own terms, and it comes back multiplied — in layers, one kept promise at a time.

The mistake almost everyone makes

Treating trust as a by-product of good work rather than something you build deliberately. Good work earns satisfaction. Trust is earned by what you do when it costs you — the wrong righted, the sale you talked them out of, the commitment kept at your own expense.

The test: Name the last time you told a client something that cost you money. If you cannot name one, they have no evidence at all that you would.

Where it shows up — 8 worked examples

WhoWhat happened
IntuitTurned isolated once-a-year tasks into an integrated relationship across a customer's entire financial life.
ShopifyBegan participating in the merchant's whole economic life, so that the merchant's growth became Shopify's growth.
An Australian home builderPaid apartment managers six thousand a buyer and covered their vacancy risk, and his cost per buyer fell from twenty thousand to six.
AdobeTurned a transaction into a relationship and a product into a platform, and grew from 4.4 to 21.5 billion doing it.
Sidekiq (Mike Perham)Gave the whole working job queue away free, then sold paid tiers to firms already running on it — revenue nearer ten million than one.
CombiliftRedesigns a customer's warehouse free of charge before any order is placed, handing over the full analysis whether or not they buy.
Maple Leaf Foods (Michael McCain)Michael McCain took a listeria outbreak on camera before regulators forced it, recalled every product, and told lawyers not to write the statement.
Bandcamp FridaysWaived its own cut of every sale one day a month, handing well past a hundred million dollars straight to the artists instead.

What it solves

The words a business owner uses for this before anybody has told them the name of it. If one of these is a sentence you have said out loud, this is your strategy.

  • We win on merit and lose anyway“We are demonstrably better and we keep losing to firms the client already knows.”The accelerator you have not been building — the reason a client picks the firm they trust over the firm that is demonstrably better.
  • Every deal takes three months longer than it should“Nothing is wrong, everything simply moves slowly, and I have stopped asking why.”The named cause of the drag, and the thirteen behaviours that remove it one kept promise at a time.
  • We ask for the order too early“Our first conversation is a pitch, and the good prospects never come back for a second one.”Extending trust first, on your own terms, so the first conversation gives something instead of asking for something.
  • Referrals do not happen here“Our clients are happy and almost none of them have ever sent us anybody.”The distance between a satisfied client and a trusting one, which is the distance between no referrals and referrals nobody had to request.
  • We never right anything unless we are caught“When something slips we hope they did not notice, and sometimes they did.”Righting the wrong before it is raised — which costs you something, and the cost is exactly what makes it evidence.
  • The advisor's version“I am on the list of people they use and I am not the first call, and I do not know how to become it.”The move from one of several vendors to the most trusted advisor they have, which is the position where price stops being the conversation.

The challenge

Extend trust first, once, in the next seven days.

Pick one client or prospect and give them something genuinely valuable before you have any commitment from them — the analysis, the introduction, the honest warning about the thing they are about to get wrong. Do not attach it to a proposal. Then pick one commitment you have quietly let slip and right it out loud, before they raise it. Both of those cost you something, and the cost is exactly what makes them evidence rather than words.

How you will know it is done Something of real value given before any commitment, one slipped promise righted before it was raised, and both reported to your pod.

The AI layer · second pass

Once this is working, here is what to multiply

Improve the system first. Then multiply it. This panel is the second run at the strategy above, and it is deliberately useless until the first run is done.

Before you point anything at this You have given one client something valuable with no proposal attached, and it cost you something.
What it multiplies Tracking every commitment made across every account and surfacing the ones about to slip, so a kept promise stops depending on whoever happens to remember it.
The trap Generating warmth. The same tool multiplied Coca-Cola when it invited artists to remix the brand and damaged it when it manufactured feeling; a client who works out that the concern in your message was assembled will not believe the next one either.