Can we afford not to understand how we got roped into a losing deal?
I think you better Get Smart or you’ll find yourself on the wrong side of the next buffet.
- In confidence games, it’s a fact that more than 50% of the chumps are good for at least a 2nd fleecing.
Anyone who contacts me is invited to join me in interpreting how a trade show works. Live.
It is a very sophisticated and well-thought out selling environment that is used to qualify candidates; economically but mostly psychologically.
Your lack of awareness of the dangers [ignorance?] is really your admission ticket.
The first step in protecting your family is education.
I’ll be relying on the Six “Weapons of Influence”: social proof, authority,commitment and consistency, reciprocation, liking and scarcity. Bring your copies. You’ll get a tutorial on not only the Science of Persuasion but on relevant cognitive biases (especially confirmation), The Tipping Point, behavioral economics, Theories of Unusual Events and Risk Homeostatis, heuristics (eg. human thinking shortcuts that usually help us but sometimes result in catastrophic errors) and 10 years of intense industry analysis.
- We’ll go over the basic confidence game role structure and process: house, roper, inside man, shill, chump, fixer, etc.
- Why it is so critical to have independent legal advice before you sign (goes double for deals less than $20,000).
- The selling value of comparing (anchoring) a new system with the best, most successful franchisor: McDonald’s.
- What something called “Prospect Theory” has to say why you will stay in a losing business much, much longer than you could ever imagine.
- Why you should only sign when there is an Independent Franchisee Association, IndFA present (versus the lapdog Franchisor Advisory Council).
- We’ll decode the hidden messages within the marketing material (worked for an advertising design studio + Ivey MBA + McLuhan disciple).
- I’ll explain the role of the current SME loan guarantee program.
- Why Canada is a safe harbour for white-collar crime.
- How this recession is shattering the conventional wisdom that franchises sell better, the worse the economy gets [HINT: new sales, now, are the worst on record].
- Why the hook has to be planted in the male first.
- How shame is invoked to silence particularly new Canadians.
- Why exceptionally thorough pre-sale due diligence is much more limited than you think and could in fact increase your chance of business failure.
- The role of the expert seminar.
- Why the most rational and dodgiest should absolutely force a copy of Ontario’s franchise law into your hands.
All of these fraudproofing skills are entirely understandable, applicable to many situations and will last a lifetime. I was taught by the best.
In these days of Bernie Madoff, BIM, CitiGroup, etc., I don’t think you (or anyone you know in the traditional or new media) can afford to turn not to learn more about the Science of Persuasion and applied psychology.
Offer to Sellers: You can join us as well. I will gladly discuss my views in front of anyone, at anytime. These persuasion techniques have been proven scientifically and it’s time that more people understood how skillfully they are applied in franchising.
If I were in your shoes, I’d much rather guarantee us free rein rather than be seen to be resisting evaluation. That old hand-in-the-lens shot sells television shows but is, by its airing, basic proof of guilt.
Consumer education is good and only the fraudsters have anything to hide.
Just call me at 705-737-4635. Bring the whole family. firstname.lastname@example.org
PS: Do me a favour: Sign up to receive each new post (see top right, RSS feed). FranchiseFool is now read in 44 countries. Not bad for a single Canuck in one year, I think.
— UPDATED for Fall 2009