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  2. How To Crush The Fourth Quarter, Ep 169

How To Crush The Fourth Quarter, Ep 169

Oct 22, 2020

This has been a pretty ugly year for most people, and the temptation to write this year off and start fresh in January is stronger than usual.

 

Curling up and riding it out is certainly one option, but another one is to put your foot on the gas and crush the fourth quarter.

 

James and Dean have been on both sides of this mindset. They’ve had years where they slowed things down, and years where they dug in and made December their best month of the year.

 

If this year hasn’t been your best year, and you’re thinking of curling up and hiding out, tune into this episode for James and Dean’s best tips on making the most of your fourth quarter, no matter what’s happened in your business this year.

Be The Shepherd, Not The Dictator

When Dean and his wife started their cosmetics e-commerce business, they held tight to the idea that they had to do what other cosmetics companies did. As a result, they struggled to even get a foothold, much less a profit. It was only after they stopped trying to dictate their idea to the market, so they could see what they were missing and fix it, that the business took off. Forcing your idea on the market NEVER works. You’ve got to be the shepherd of your idea, steering it where it needs to be based on market feedback.

Instead Of Guessing, Ask

The better you know your market, the better you get at reading between the lines and creating offers they want. But sometimes the fastest way to a profitable offer is just to ask your market. Remember to keep in mind that what people say they want, and what they’ll actually buy, are not always one and the same. But even if that’s the case sometimes, asking still provides invaluable intel on how you can serve your market. It could be that a significant percentage of your customers want help with the same thing, and aren’t sure how to articulate it to you. If you have no idea where to start amping up 4th quarter sales, start by asking your customers what they need.

 

Develop Relentless Solution Focus

Recently James took a vacation on Lake Powell with a big group of family and friends. Everyone was on a big houseboat with no cell service. During the trip, James received an invitation to extend his trip by a week. The problem was, everyone had carpooled to the lake with some friends who lived hours away, and would not be extending their trip. That meant the only way James and his family could stay an extra week was if they found a rental car, so they could drive themselves to their friends’ house after the second week. James’ first several attempts at procuring a rental car fell through, but James remained relentlessly focused on finding a solution until he found it. Thanks to that relentless focus, he and his family enjoyed an extra week on the lake. Finding the right offer takes the same relentless focus, and so will dominating the 4th quarter.

 

Stop Predicting Your Own Failure

“I’m just going to write this year off and start fresh in January.” That’s what several people have told James and Dean. That mindset is a symptom of mistaking yourself for a fortune teller, by predicting your own failure before you’ve even tried. It’s worth noting that the people who struggle most are masters at predicting their own failure, and it’s not because they try something and it doesn’t work. It’s because they assume it won’t work, so they don’t even try. Don’t fall into the fortune teller trap. Make your success inevitable by getting your ideas into the world and adopting relentless solution focus.

 

Be Mindful Of “Reality”

Everyone wants to start with tactics and strategies. They’re important, yes. But even the best tactics and strategies the world has ever known won’t help you if you don’t have the mindset to properly implement them. Mindset is the foundation of your success, and one of the best things you can do for your mindset is to be mindful of what you allow to shape your reality. Those private jet photos you see on Instagram are probably staged in a warehouse. Those supposed loner entrepreneurs with no supportive family in their life don’t have to become YOUR success reality. Be careful what you allow to shape your beliefs about what’s possible.

Outline of This Episode

  • December, The Biggest Month Of The Year [3:46]
  • Why You Have To Experiment [8:38]
  • Avoiding A Race To The Bottom [16:30]
  • Ask Your Customers What They Want [24:21]
  • Have Relentless Focus On Finding A Solution [28:40]
  • You’re Not A Fortune Teller [38:12]
  • Mindset Before Skillset, Always [43:15]

 

Music for “Just The Tips” is titled, “Happy Happy Game Show” by Kevin MacLeod (http://incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License

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