

Q&A with Tommy - Outselling Your Competition Without Lowering Your Prices
Jan 14, 2022
Dive into strategies for outpacing competitors by prioritizing value over price cuts. Learn how to enhance your business through investments in quality employees and customer experience. Discover the power of equity sharing programs to boost performance and company value. Explore the importance of strong leadership and KPIs for strategic growth. Uncover tactics for optimizing marketing investments and customer acquisition without sacrificing profitability. Plus, gain insights into building resilience to overcome challenges!
01:14:12
Pricing Strategy
- Don't price your services based on competitors who are struggling financially.
- Find the most successful businesses in your market and analyze their pricing strategies.
Value over Price
- Avoid competing on price by being the cheapest.
- Instead, focus on providing superior value and charge a premium.
Starving Crowd
- A marketing professor illustrated the concept of a 'starving crowd'.
- He emphasized that even a subpar product will sell if there's high demand and limited competition.
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Intro
00:00 • 4min
Enhancing Value Through Strategic Investments and Fast Service
04:04 • 4min
Understanding Equity Sharing Programs and Strategic Planning
07:48 • 2min
Strategic Growth through Leadership and Performance Metrics
10:01 • 37min
Maximizing Marketing Investments through Negotiation and Financing
47:31 • 4min
Strategies for Customer Acquisition and Team Growth
51:18 • 21min
Resilience and Growth: Overcoming Doubts to Succeed
01:11:52 • 2min

100 Million Offers
Alex Hormosi

Who Moved My Cheese?
Spencer Johnson
The book tells the story of four characters—two mice named Sniff and Scurry, and two 'Littlepeople' named Hem and Haw—living in a maze and searching for their favorite cheese.
When the cheese at their usual spot, Cheese Station C, disappears, the mice adapt quickly and find new cheese at Cheese Station N. However, the Littlepeople struggle with change, with Hem refusing to move and Haw eventually embracing the need to adapt.
The story serves as a cautionary tale about the dangers of complacency and the importance of embracing change to succeed in both personal and professional life.

Go for No
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Joe Crisara

Purple Cow
Transform Your Business by Being Remarkable
Seth Godin
In 'Purple Cow,' Seth Godin argues that traditional marketing strategies no longer work in today's saturated market.
He advocates for the creation of 'Purple Cows' – products or services that are so remarkable they naturally generate buzz and attract attention.
Godin uses the metaphor of a purple cow to illustrate how being ordinary is no longer sufficient; businesses must be bold, innovative, and willing to take risks to stand out.
The book is filled with examples from successful companies like Apple, Starbucks, and JetBlue, and it challenges readers to rethink their marketing strategies to focus on creating truly remarkable offerings.

Drive: The Surprising Truth About What Motivates Us
Daniel Pink
In 'Drive: The Surprising Truth About What Motivates Us', Daniel Pink challenges traditional models of motivation that rely on rewards and punishments.
He argues that for tasks requiring cognitive skills, creativity, or higher-order thinking, intrinsic motivation is more effective.
Pink identifies three key elements of intrinsic motivation: autonomy (the desire to be self-directed), mastery (the urge to get better at something), and purpose (the desire to do something meaningful).
He suggests that businesses and individuals should focus on these elements to enhance performance and satisfaction, rather than relying on extrinsic motivators like money or recognition.

Double Double
Cameron Herold

Profit First
Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Mike Michalowicz
In 'Profit First', Mike Michalowicz introduces a behavioral approach to accounting that flips the conventional formula from 'Sales - Expenses = Profit' to 'Sales - Profit = Expenses'.
This system involves taking a predetermined percentage of sales as profit first and then allocating the remainder for expenses.
The book provides practical, step-by-step advice and case studies to help entrepreneurs manage their businesses more effectively, ensuring early and sustained profitability and long-term growth.

Rocket Fuel
The One Essential Combination That Will Get You More of What You Want from Your Business
Gino Wickman
Mark C. Winters
Rocket Fuel details the integral roles of the Visionary and Integrator and explains how an effective relationship between the two can help a business thrive.
The Visionary is typically the idea generator and strategic thinker, while the Integrator is the manager who ensures the business operates smoothly.
The book provides assessments to help determine whether you are a Visionary or an Integrator and offers advice on how to find and work with your complementary partner.
It emphasizes that when these two roles work together, they can achieve significant growth and success for the company.

Pre-Suasion
A Revolutionary Way to Influence and Persuade
Robert Cialdini
In this book, Robert Cialdini explains that optimal persuasion is achieved through optimal pre-suasion.
He argues that the key to successful persuasion lies in the moment before the message is delivered, where the communicator must redirect the audience's focus of attention to make them receptive.
Drawing from extensive research and various examples, including advertising, marketing campaigns, and historical events, Cialdini outlines techniques to prepare audiences and increase the likelihood of agreement.
The book is praised for its scientific rigor and practical applicability, making it an essential tool for anyone serious about science-based business strategies.

Be Our Guest
Perfecting the Art of Customer Service
Disney Institute
This book highlights the key processes and best practices that have made Disney a trusted and revered brand.
It introduces the concept of the Quality Service Compass, which includes elements such as guestology (understanding customer expectations), quality standards (safety, courtesy, show, and efficiency), and delivery systems (employees, setting, and processes).
The book provides insights into how Disney exceeds customer expectations and how other companies can adapt these strategies for their own organizations.

The 4 Disciplines of Execution
Achieving Your Wildly Important Goals
Sean Covey
Chris McChesney
Jim Huling
In 'The 4 Disciplines of Execution', authors Chris McChesney, Sean Covey, and Jim Huling provide a framework for organizations to achieve their most important goals.
The book outlines four disciplines: focusing on the wildly important, acting on the lead measures, keeping a compelling scoreboard, and creating a cadence of accountability.
These disciplines help teams and individuals stay focused and motivated to execute their strategies effectively.

Home Service Millionaire
Tommy Mello
Home Service Millionaire, authored by Tommy Mello, offers valuable insights and strategies for entrepreneurs in the home service industry.
The book shares Mello's personal journey and experiences in building a successful home service business, providing practical advice on various aspects of business management.
It covers topics such as marketing, sales, hiring, and leadership, offering actionable steps for readers to implement in their own businesses.
The book's focus on systems and processes helps readers create a scalable and efficient business model.
It's a valuable resource for anyone looking to grow their home service business.

The E-myth revisited
why most small businesses don't work and what to do about it
Michael E. Gerber
The E-Myth Revisited challenges the common assumption that most businesses are started by entrepreneurs.
Instead, Gerber argues that most businesses are started by technicians who understand the technical work but not the business itself.
The book introduces the concept of the E-Myth and explains that successful business owners must balance three roles: the Entrepreneur (the visionary), the Manager (the planner and organizer), and the Technician (the one who performs the technical work).
Gerber emphasizes the distinction between working 'in' your business and working 'on' your business, and he provides strategies for systemizing and scaling businesses, including the concept of the Franchise Prototype.

Think and Grow Rich
Napoleon Hill
Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre.
The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford.
Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality.
These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind.
The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success.
It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.

How to Win Friends and Influence People
Dale Carnegie
First published in 1936, 'How to Win Friends and Influence People' by Dale Carnegie is a timeless guide to improving interpersonal skills.
The book is divided into four main sections: Six Ways to Make People Like You, Twelve Ways to Win People to Your Way of Thinking, and Nine Ways to Change People Without Giving Offense or Arousing Resentment.
Carnegie's principles emphasize the importance of genuine interest in others, active listening, and avoiding criticism and argument.
The book offers practical advice on how to build strong relationships, communicate effectively, and influence others by aligning their self-interest with yours.
It has been a cornerstone of personal development and business success for generations.

Alchemy
The Dark Art and Curious Science of Creating Magic in Brands, Business and Life
Rory Sutherland
In this book, Rory Sutherland explores the art and science of creating magic in brands, business, and life.
He combines scientific research with entertaining stories and case studies from his career, including campaigns for AmEx and Microsoft.
Sutherland emphasizes the importance of understanding human behavior, highlighting how decisions are often influenced by subtle external signals rather than objective qualities.
The book challenges traditional marketing strategies by advocating for a more holistic and creative approach, using techniques such as storytelling, social proof, and framing to influence consumer decisions.
It also explores how these principles can be applied to various social aims beyond just selling products.

They Ask You Answer
Marcus Sheridan
Krista Kotrla
This book challenges traditional sales funnels by advocating for a customer-centric approach where businesses focus on answering the questions, concerns, and problems of their buyers.
Marcus Sheridan shares his successful strategy that transformed his pool company from a struggling business to one of the largest in the U.S.
The book is updated to address new technologies, trends, and the evolving digital consumer, providing practical tactics for content marketing and inbound sales.
Dave Ramsey's books
Dave Ramsey's books
Dave Ramsey
The Wizard of Ads
The Wizard of Ads
Roy H. Williams
Pattern for Excellence
Pattern for Excellence
Brigham Dixon
Go Time
Go Time
Chris Hunter
Sell Different
Sell Different
Lee Sauls
The Sales Magnet
The Sales Magnet
Jonathan Wiseman
The Seven Figure Contractor
The Seven Figure Contractor
Al Levy
The Power of Positive Pricing
The Power of Positive Pricing
Matt Michel
Hiring for Attitude
Hiring for Attitude
Mark Murphy

Raving fans
a revolutionary approach to customer service
Ken Blanchard
Kenneth Blanchard
Tommy Mello is the author of Home Service Millionaire and the founder of A1 Garage Doors, a $100 million-plus home service business with over 400 employees in 16 states. Through HomeServiceMillionaire.com and the Home Service Expert podcast, Tommy shares his experience and insights to help fellow entrepreneurs scale their businesses.
In this special episode of the Home Service Expert podcast, host and A1 Garage Doors owner Tommy Mello answers your biggest questions about equity sharing programs, pricing, performance pay programs…