If you’re like most entrepreneurs, you want to grow your business fast. But if you want high-paying clients, then you must be willing to go against conventional wisdom.
Not everyone can be your client. If you say, “Anyone is my client,” then you’re in trouble.
Many new entrepreneurs think everyone and anyone with money is a potential lead. But for you, you must be more selective.
Most advice out there recommends that you talk to everyone you know, get involved in local business communities, optimize your website, and get into as many social media platforms as possible. But what happens if you try to catch a fish with a tiny net in an enormous sea?
You’re lucky to catch a fish or two! So if you’re patient enough to grow your business slowly, if you want to talk to dozens of people to get your first client, then follow those conventional strategies that require a high degree of time and effort. Eventually, you will find your first client. But your troubles don’t end there.
You’re new and no one has heard of you, so your first client doesn’t want to pay you hundreds or thousands of dollars. You might even have to offer some advice or service for free, just to get your first testimonial. Meanwhile, your rent and your phone and electricity bills are waiting to be paid. So what can you do to cut through this slow and painful growth stage? Is there a way to fast forward this process?
Back when I was running my one-man advertising agency as a copywriter, I was trying to get clients from all over the place. I would do the work for anyone who would hire me. As long as the client breathed, they were good enough for me. Everyone was my customer.
However, over time and with more experience, I realized that to grow my business, I had to use one powerful strategy which I’m going to teach you today to get that ideal high-paying client fast.
Watch this video to learn how to grow your business faster.
The Kingpin Strategy to Get Clients
Here’s the problem. If everyone is your customer, then nobody is your customer. What I needed was that one account that would improve the quality of my clientele. I didn’t need dozens of clients paying me a few hundred each for my services.
I just needed a couple of high-ticket clients paying me thousands for the same service. My goal was to make the same income with fewer clients. So what I had to do was find the kind of client I would attract when I had more experience… and attract that client now.
When I was struggling as a copywriter, I came across a book called Guerilla Marketing. It’s a very famous book series on small business and marketing written by Jay Conrad Levinson. Now Jay has sold over 20 million books worldwide for the Guerrilla Marketing series. He was one of the most well-known educators and marketing gurus of our time before he passed away. So I approached Jay.
At the time, Jay was marketing a Guerilla Marketing Association membership. I went to his website and saw what he did so I rewrote the entire page. I sent it to the Guerrilla Marketing Association and got a reply from Jay personally. He thanked me because I had delivered value before asking for anything in return.
“Wow, you know what, young man, that’s very nice of you,” he said. He actually used the material and it helped him to generate more sales. Afterwards, I asked him, “Hey, Jay, since you’re getting value, is it okay if you give me some kind of recommendation and endorsement?” He said he was more than happy to do that. And he did.
That was my first Kingpin client.
By getting Jay Conrad Levinson, a well-known marketing guru with credibility and authority for so many small business owners, I could approach potential clients differently. I could say, “I have an endorsement from Jay Levinson who wrote Guerilla Marketing, who sold 20 million books.” That reference impressed my next client.
At the beginning of your career, when you’re establishing credibility and reputation, don’t chase everybody. Decide on the one person or company that will launch your career and serve them.
For example, in the tech world if you could work with Google or Amazon or Microsoft you could get then get other high quality clients. Everybody else will look at that account and say, “If you’re good enough for them, you’re good enough for me.”
You skip that learning curve and grow your business much faster. You can also use this technique to draw in more customers at one time.
The Kingpin Strategy To Get Clients Fast
Let me give you another example of the Kingpin Strategy from a different perspective. In the United States, they have these huge events. The Learning Annex back then was doing massive conferences with 5,000 to 25,000 people using this Kingpin Strategy.
They would bring in “Kingpin speakers,” such as Donald Trump before he was president, Tony Robbins, Robert Kiyosaki, and Bill Clinton to draw people in.
They paid them a huge speaking fee to have them show up at the event. At the same time, platform speakers or platform closers who aren’t paid to be there will offer their programs or products. They would make a 60-minute or 90-minute pitch on stage to draw in the crowd.
These events don’t make money from 5 to 20 thousand people’s tickets.They make money from these platform closers. The event organizer would do a split with anything that the closers sell. Imagine if someone is speaking to 10,000 people and he is selling a $1,000 package.
If he sells 500 of them a day, a multi-day event would generate millions of dollars. The platform closures would get a 30 to 50 percent commission because the organizers are the ones spending all the money. The organizers made millions upon millions of dollars from these conferences going around North America, even the U.K. That’s how the business model works.
That’s the Kingpin Strategy from a different perspective. So ask yourself the question. Who is that one company, that one organization you could get that would change everything. From then on, you leverage that one person’s name or that organization’s name for the rest of your career. Before you know it, you go from a nobody to a somebody.
How will you apply the Kingpin Strategy to get new clients? Comment below.