When I worked for the Lakers, we constantly had vendors coming in telling us how their product was going to dramatically improve the performance of the players. At that point, I’d seen it all. I’d seen little lasers the guys could rub on their muscles, to machines they stand in to measure the fat around their internal organs. Just crazy stuff. None of it had any measureable effect.
You go into any NBA weight room across the league and everyone is doing all the same basic stuff. The best teams just have better players.
You go into any successful business’ board room around the world, and they are doing all the same basic stuff. The best businesses just have better players.
What this tells me is that, now, as you try to grow your business from X to 10X, the value you give will be the same. Maybe you’ll package it in a nicer gift basket, but the value will remain roughly the same.
You’re selling common sense. Think about it. How the heck can a personal trainer stay employed when literally everyone in the world knows how to lose weight and get jacked? Nobody is reinventing the wheel here.
So, if the tactics remain the same, how will you eventually start making more money? How will you eventually raise your prices?
If the value remains the same, that means you’re missing something. There’s something about money, or business that you don’t know, that is stopping your income dead in its tracks.