Don't sell the flirt. Value lies in the close.
Money exchanges hands, when problems are solved, would you agree?
This Full Volume is at no cost. Actually, I'm lying; it's going to take at least 5-10 minutes of your time. But bear with me.
From early in my career, I’ve seen one key truth play out time and again. Money exchanges hands when problems are solved.
It’s a simple concept, but surprisingly difficult for some to fully grasp.
Growing up, I witnessed people circle around solutions, flirt with ideas, but never actually tackle the problem head-on. Don’t get me wrong — I used to be the same way and sometimes we all do it. And when you don’t close the loop, you don’t get paid. Yes, I’ve experienced this more times than I’d like to admit.
Take today’s technology, for example. With AI and automation advancing rapidly, companies are obsessed with solving problems faster. But here’s the catch: people don’t actually want to solve their problems — because it’s hard, uncomfortable, and requires change.
They talk about AI or the latest tech solution as if it’s magic, but the truth is, AI doesn’t buy products. People do. And people still need to decide to act, to close the deal, and to solve the issue.
I even came across a video with Sam Altman, one of the co-founders of OpenAI , where he pointed out something interesting. He said, "Most VCs ask the same questions over and over again... like what's your go-to-market strategy or traction? Is the concept proven?" But what they should be asking is, how big is the market opportunity? If nobody else is doing it and you’re first — well, guess what...
Look at Airbnb , Stripe , and OpenAI. These companies didn’t just flirt with ideas, they committed to their vision, executed, and closed on massive opportunities.
This is something I constantly remind myself in my work. Whether it’s finding and structuring deals, talking with investors and investment firms, or day-to-day problem-solving, there’s no shortcut. You can explore ideas and technologies all day long, but unless you commit to closing, nothing will happen...
You ready to close? Let's roll.
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Closing Etymology
The word "closing" has an interesting etymology that traces its origins to Latin and Old French. Here’s a breakdown:
Thus, "closing" evolved from simply meaning "shutting" or "sealing off" to the more nuanced sense of completing or successfully concluding something — whether it’s a door, a conversation, or a business deal.
A reverse psychology that I often use, that I learned from former FBI agent, one of the the best negotiators, Christopher Voss , is to seek a "no" from the other party.
Why? Because...
Chris Voss: Master of Negotiation
The former lead international kidnapping negotiator for the FBI, is known for his expert negotiation skills. Here’s why he stands out:
Voss's dedication to excellence and his commitment to helping others succeed make him a true professional in negotiation.
Btw — how do you get what you want?
领英推荐
Notable Case Study: Closing the Deal on the World’s First E-Commerce Website
Background:
One of the most iconic stories of closing in business history involves the launch of Amazon.com , the world’s first e-commerce website, founded by Jeff Bezos in 1994.
This case highlights the importance of closing in negotiations with investors and stakeholders in the early stages of a groundbreaking venture.
I The Challenge
In the early days of Amazon, Jeff Bezos faced skepticism from potential investors. Many were unsure about the viability of an online bookstore, especially given the dominance of brick-and-mortar retailers. To secure the funding necessary to launch and scale Amazon, Bezos needed to close deals with investors who believed in his vision.
II The Strategy
1. Visionary Pitch: Bezos crafted a compelling pitch that articulated not just the concept of an online bookstore but also the larger vision of e-commerce. He painted a picture of the future, emphasizing how the internet would revolutionize shopping. This visionary approach helped capture the imagination of potential investors.
2. Research and Data: To bolster his case, Bezos conducted thorough market research to demonstrate the growing trend of online shopping. He presented data showing the rise of internet usage and the potential for significant market growth, addressing concerns about market size and customer acquisition.
3. Addressing Concerns: Bezos anticipated the concerns of investors regarding logistics, competition, and technology. He proactively addressed these by sharing his plans for inventory management, fulfillment centers, and customer service, ensuring investors felt confident in the feasibility of his business model.
4. Securing Commitments: When approaching investors, Bezos utilized the principle of scarcity. He presented Amazon as a unique opportunity in a rapidly growing market, encouraging investors to act quickly before the chance passed. This created a sense of urgency, prompting several investors to commit to funding.
III The Outcome
Bezos successfully closed several key deals with investors, including a $1 million investment from Angel investor Tom Alberg and a $300,000 investment from his former boss, David Shaw. This funding allowed Amazon to launch in 1995, and it quickly grew from a small online bookstore to a global e-commerce giant.
Conclusion
The early days of Amazon illustrate the power of effective closing strategies in business. Jeff Bezos's ability to articulate a compelling vision, back it up with data, and address investor concerns led to securing the necessary funding to launch what would become one of the most successful companies in history.
This case serves as a reminder that closing is not just about asking for a commitment; it’s about building trust and confidence in the vision you present. Or am I off here? (See what I just did there? #ChrisVoss )
Two Execution Strategies for Solving Problems and Closing The Deal
I The Consultative Approach: Uncover Needs and Build Rapport
II Create Urgency and Close the Deal
Want to know my favourite 10 different closing techniques? Share this post, write in comments "10 C", and I'll share them with only the first 10 people. Remember, if you're not first, you're last (GC).
By implementing these strategies, you can effectively solve problems and close deals, creating lasting relationships with your clients while driving sales success. Easy?
A Question For You
Are you a skilled seller, an engaging storyteller, a charismatic speaker, or a relentless, high-impact killer closer who consistently drives results and seals the deal?
A Captivating Video
Since one of my capabilities/business line lies in capital raising, I was searching for YouTube videos and interviews on the topic (there aren’t many...), but I found this interesting interview with entrepreneur, advisor, author, and coach Brad Blazar (would love to interview him). He has successfully raised more than $2 billion — yes, billion with a "B" — and teaches others how to raise $5 million, maybe even $10 million a year, or more.
For more insights on business strategies and professional development, consider exploring resources on effective business planning and leadership development or book an 1-on-1 with me .
This newsletter is for those who refuse to settle.
P.S.S: Make sure to hit that subscribe button and notification bell ?? as well, I look forward to connecting with you in next week's issue.
Be Great
- Chris