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	<title>Prevential &#187; Predictably Irrational</title>
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	<description>Success Doesn't Come In A Bottle</description>
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		<title>Gary Vaynerchuk Case Study: The Mom and Pop Advantage</title>
		<link>http://prevential.com/success-factors-gary-vaynerchuk/</link>
		<comments>http://prevential.com/success-factors-gary-vaynerchuk/#comments</comments>
		<pubDate>Sat, 17 Jan 2009 05:54:04 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
				<category><![CDATA[Business Development]]></category>
		<category><![CDATA[Dan Ariely]]></category>
		<category><![CDATA[Gary Vaynerchuk]]></category>
		<category><![CDATA[Predictably Irrational]]></category>
		<category><![CDATA[Wine Library]]></category>
		<category><![CDATA[Wine Library TV]]></category>

		<guid isPermaLink="false">http://prevential.com/?p=844</guid>
		<description><![CDATA[Do you want to learn how to make your company successful? Join Prevential and follow the Success Factors blog series daily in January 2009.


Why did Gary Vaynerchuk become successful? We know he is an expert salesman, but there has to be something else. He needed to do something differently, but what was it?
If you ask [...]


Related posts:<ol><li><a href='http://prevential.com/gary-vaynerchuk-selling/' rel='bookmark' title='Permanent Link: Who Else Wants To Sell Like Gary Vaynerchuk?'>Who Else Wants To Sell Like Gary Vaynerchuk?</a></li><li><a href='http://prevential.com/how-bloggers-helped-brewdog-increase-sales-substantially/' rel='bookmark' title='Permanent Link: How Bloggers Helped Brewdog Increase Sales Substantially'>How Bloggers Helped Brewdog Increase Sales Substantially</a></li><li><a href='http://prevential.com/why-use-humor/' rel='bookmark' title='Permanent Link: Why You Should Use Humor in Business'>Why You Should Use Humor in Business</a></li></ol>]]></description>
			<content:encoded><![CDATA[<p></p><p><em>Do you want to learn how to make your company successful? Join Prevential and follow the <a title="Success Factors" href="../success-factors/" target="_self">Success Factors</a> blog series daily in January 2009.</em></p>
<p><em><img title="Gary Vaynerchuk Conference" src="http://prevential.com/wp-content/uploads/2009/01/gary-vaynerchuk-conf.jpg" alt="Gary Vaynerchuk Conference" width="500" height="210" /><br />
</em></p>
<p>Why did Gary Vaynerchuk become successful? We know he is an <a title="Who Else Wants to Sell Like Gary Vaynerchuk" href="http://prevential.com/gary-vaynerchuk-selling/" target="_self">expert salesman</a>, but there has to be something else. He needed to do something differently, but what was it?</p>
<p>If you ask him directly, &#8220;Hey Gary, Why did you become successful?&#8221; he is likely to say something like &#8220;I hustled my face off&#8221; or &#8220;personal brand,&#8221; but that isn&#8217;t the whole story. Gary Vaynerchuk became successful by bringing the mom and pop shop atmosphere to the internet.</p>
<p>Let me explain.</p>
<p>We all like mom and pop shops. It may not be the cheapest place around, but they know exactly what you want and why. They know you and your family. They&#8217;re willing to sell girl scout cookies for your daughter and take night calls to fix a leak. Gary Vaynerchuk took &#8220;Mom and Pop&#8221; best practices to the internet and in the remaining part of this article, I will talk about some of his tactics.</p>
<p><span id="more-844"></span></p>
<h3>Every Single E-Mail</h3>
<p>How great does it feel when a business appreciates you as a customer? I&#8217;m not talking about silly corporate speak that says &#8220;We appreciate our customers,&#8221; but instead, I&#8217;m talking about the kind of corporations that send you a gift basket for Christmas (my hosting service, Choopa, did this).</p>
<p>Mom and Pop shops are known for this kind of treatment. They give you personal phone calls and care about what happens in your life. They&#8217;re willing to answer your questions and provide that extra level of support that most corporations cut due to the cost. Most importantly, these mom and pop shops <a title="How Customer Vanity Improves Business" href="http://prevential.com/how-customer-vanity-can-improve-your-business-success-factors-day-9/" target="_self">remember your name</a>.</p>
<p>Well, Gary Vaynerchuk appreciates his customers and he shows it by answering every single e-mail. Even if he needs to answer &#8220;What wine goes with chicken?&#8221; one thousand times, he says he responds to every e-mail.</p>
<h3>Become a Social Business</h3>
<p>In Predictably Irrational, Dan Ariely talks about the difference between a money relationship and a social relationship. The money relationship is when people trade their money or time for a paycheck or goods, whereas a social relationship is where people feel they are part of the team and the community. As Dan Ariely pointed out, when people feel like they are on the same social team, they are more likely to go out of their way for each other.</p>
<p>Now we know Mom and Pop shops aren&#8217;t the cheapest, but they build a social relationship with their customers. They know what&#8217;s going on and they talk about it. They know who lost their job, or who bought a house. They participate in local town halls and help lobby for community improvement projects. Overall, these mom and pops create social responsibility and the community supports them.</p>
<p>Gary Vaynerchuk did something similar with his online business. Even though he runs a $50 million business, he&#8217;s willing to treat you like a human being. He uses a Twitter account, runs a personal blog, and uses various other social media tools such as Facebook. He&#8217;s not impossible to reach and he isn&#8217;t faceless. He talks about the same things we talk about (sports, business, etc&#8230;) and he gave his customers someone to trust. So, not only did he build a loyal fan base, but he made sure each of his fans felt socially responsibile to support him and his business.</p>
<h3>Personalized Service</h3>
<p>We have all been there. We know where we need to go to buy what we want but we don&#8217;t know what to buy. In a big-box store, you can&#8217;t find someone to help you and if you do, they can&#8217;t help you because they don&#8217;t know. The other day when I was in a big box store, I asked the customer service representative, &#8220;Where can I find the video cameras?&#8221; He said, &#8220;I have no idea. Talk to sales.&#8221;</p>
<p>That would never happen in a Mom and Pop shop. The workers will show you where to go and offer to carry it to your car. If you don&#8217;t know what you want, they will make suggestions for you based on your personal interests.</p>
<p>Now as I said before, when you e-mail Gary Vaynerchuk and ask him &#8220;What wine goes with my meal?&#8221; He will respond and your dinner party in a few weeks will be a huge success. Gary knew that great service was the key to word of mouth marketing, so he made it his priority.</p>
<h3>Now What Do You Think?</h3>
<p>What else did Gary Vaynerchuk do that made him a great &#8220;mom and pop&#8221; internet business? Share it in the comments.</p>
<p><strong>Want to learn more about business? Get Prevential.com articles <a title="GEt Prevential ARticles In Your Inbox" rel="nofollow" href="http://feeds.feedburner.com/preventialrep" target="_self">in your RSS Reader or Inbox.</a></strong></p>
<p><strong><a title="Success Factors " href="http://prevential.com/success-factors/" target="_self">Click Here for the rest of the Success Factors Blog Series</a><br />
</strong></p>


<p>Related posts:<ol><li><a href='http://prevential.com/gary-vaynerchuk-selling/' rel='bookmark' title='Permanent Link: Who Else Wants To Sell Like Gary Vaynerchuk?'>Who Else Wants To Sell Like Gary Vaynerchuk?</a></li><li><a href='http://prevential.com/how-bloggers-helped-brewdog-increase-sales-substantially/' rel='bookmark' title='Permanent Link: How Bloggers Helped <br />Brewdog Increase Sales Substantially'>How Bloggers Helped <br />Brewdog Increase Sales Substantially</a></li><li><a href='http://prevential.com/why-use-humor/' rel='bookmark' title='Permanent Link: Why You Should Use Humor in Business'>Why You Should Use Humor in Business</a></li></ol></p>]]></content:encoded>
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		<title>Why You Should Put All Your Eggs In One Basket</title>
		<link>http://prevential.com/success-factors-close-open-doors/</link>
		<comments>http://prevential.com/success-factors-close-open-doors/#comments</comments>
		<pubDate>Thu, 01 Jan 2009 20:29:37 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
				<category><![CDATA[Business Development]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Dan Ariely]]></category>
		<category><![CDATA[Geoff Colvin]]></category>
		<category><![CDATA[Malcolm Gladwell]]></category>
		<category><![CDATA[mcdonalds]]></category>
		<category><![CDATA[Outliers]]></category>
		<category><![CDATA[Predictably Irrational]]></category>
		<category><![CDATA[success]]></category>
		<category><![CDATA[Success Factors]]></category>
		<category><![CDATA[Talent is Overrated]]></category>

		<guid isPermaLink="false">http://prevential.com/?p=640</guid>
		<description><![CDATA[Prevential offers Success Factors to help rewire your business and personal life for success. Please check back for a  new &#8220;Success Factors&#8221; article daily in January 2009.


Remember the old saying, &#8220;Never put all your eggs in one basket?&#8221; People believed that options were the key to success. Unfortunately, they had it all wrong.
They meant well, [...]


Related posts:<ol><li><a href='http://prevential.com/success-factors-achieve-business-goals/' rel='bookmark' title='Permanent Link: How to Set and Achieve Business Goals'>How to Set and Achieve Business Goals</a></li><li><a href='http://prevential.com/whats-important-now-success-factors-day-7/' rel='bookmark' title='Permanent Link: What&#8217;s Important Now?'>What&#8217;s Important Now?</a></li><li><a href='http://prevential.com/success-factors-einstein-differentiate-company/' rel='bookmark' title='Permanent Link: Why Einstein Became Immortal (and how your company can join him)'>Why Einstein Became Immortal (and how your company can join him)</a></li></ol>]]></description>
			<content:encoded><![CDATA[<p></p><p><em>Prevential offers Success Factors to help rewire your business and personal life for success. Please check back for a  new &#8220;<a title="Success Factors" href="http://prevential.com/success-factors/" target="_self">Success Factors</a>&#8221; article daily in January 2009.<br />
</em><br />
<img class="alignnone size-full wp-image-703" title="All Eggs In One Basket - Andrew Carnegie Quote" src="http://prevential.com/wp-content/uploads/2009/01/egg-basket.jpg" alt="All Eggs In One Basket - Andrew Carnegie Quote" width="500" height="265" /></p>
<p>Remember the old saying, &#8220;Never put all your eggs in one basket?&#8221; People believed that options were the key to success. Unfortunately, they had it all wrong.</p>
<p>They meant well, but they taught us to divide our free time across several &#8220;baskets.&#8221; The lack of focus prevented us from developing one basket substantially, which created an army of mediocre people doing mediocre things.</p>
<p>When the great Chinese General, Xiang Yu, burned his own ships the night before a battle with the Qin dynasty, he eliminated the &#8220;we could always retreat&#8221; basket. In Predictably Irrational, Dan Ariely notes that Xiang&#8217;s troops were scared, but since they were left with no choice, they had to fight. They ended up winning nine consecutive battles against overwhelming odds.</p>
<p>Xiang put his eggs in one basket and his troops accomplished the impossible. Luckily, you can apply this to your life and business without the fire and the blood shed. You need to rewire your brain and realize that options and diversity is not the answer. You need to &#8220;put all of your eggs in one basket and then watch that basket&#8221; (Andrew Carnegie).</p>
<p>But why do you need to focus on one basket?</p>
<p><span id="more-640"></span></p>
<h3>10,000 Hours</h3>
<p>Have you heard of the 10,000 hour rule (Malcolm Gladwell made it famous in Outliers)? K. Anders Ericsson and his associates found that elite music performers all had one thing in common and that was 10,000 hours of practice. It didn&#8217;t matter how &#8220;talented&#8221; they were, it just mattered how much time they spent practicing.</p>
<p>10,000 hours is a huge amount of time and it will be impossible to accomplish without focus. You simply can&#8217;t give 10,000 hours to every opportunity because there is only 24 hours a day.</p>
<p>This rule also applies to business and success.</p>
<p>It takes a long time to perfect a product and a business plan. Without initial focus, your company may struggle with several mediocre products that will never make a difference.</p>
<p>When McDonalds first started, they used to sell several different products. Once they realized that Hamburgers were the key to their success, they eliminated everything else. They focused on their core product and now you can see what happened with McDonalds.</p>
<p>Or, how about the story of Apple? When Steve Jobs resumed as CEO, Apple was floundering. They had tons of products and zero focus. Steve Jobs began canceling entire departments and brought Apple back its profitability and now you all have iTunes and iPhones and iPods.</p>
<p>So ask yourself, are you focusing on your core product or main opportunity? Are you giving one project all of your time and dedication? If not, it is time to reconsider and you may experience breakaway growth.</p>
<h3>Deliberate Practice</h3>
<p>Now that you know you need 10,000 hours of practice and complete focus, this doesn&#8217;t mean you can just start logging hours and expect success. It is possible to log 5,000 hours and have them equal 1 hour of practice.</p>
<p>In &#8220;Talent is Overrated,&#8221; Geoff Colvin talks about Deliberate Practice. The practice that makes you so tired and exhausted that you can only do it a few hours a day. This is what you need 10,000 hours of. You can&#8217;t simply do the same thing day in and day out and expect to get better. You need to push yourself beyond your limits and count those hours.</p>
<p>A friend of mine who is an executive officer at a Fortune 100 company was talking to me about recruiting and how to hire the perfect employee. He said something like, &#8220;you need to hire someone with 10 years of experience, not 10 years of the same one year of experience.&#8221; Or, in short, you need to hire someone who develops their career because the development shows successful deliberate practice.</p>
<p>From a business perspective, you can&#8217;t focus on one product and never make improvements. You need to constantly lower the price, improve usability, or add effectiveness. If you don&#8217;t, you may join the ranks of the other floundering companies in this competitive world.</p>
<p>So, if you recently began to focus on one thing and one thing only, what are you doing to ensure that you are pushing yourself to your limits? Are you improving the quality and efficiency of your company and products? Are you expanding your market reach?</p>
<h3>Success Factors Spotlight</h3>
<p>Throughout the &#8220;Success Factors&#8221; blog series you will see &#8220;Success Factors Spotlight.&#8221; This is where you will see real life examples of companies, people, or blogs that will benefit or have benefited from the ideas we talked about in the article.</p>
<p>We talked about Apple and about McDonalds, but what about the small business owners today? Are they carving out their niche by focusing on a single product and developing it relentlessly?</p>
<p>Yes they are.</p>
<p>Have you heard of Chris Pearson? He&#8217;s the guy behind the new Wordpress Theme called <a title="The Best Wordpress theme" rel="nofollow" href="http://diythemes.com/thesis/showcase/?a_aid=b6f30725" target="_blank">Thesis</a>. It was released early 2008 and it has been revised and updated no less than 7 times. Most designers create a theme, release it, and forget about it, but not Chris. He continues to support Thesis and now you can see many well known blogs using it.</p>
<p>But do you think his success was an accident? Do you think Thesis became one of the most popular Wordpress themes because Chris got lucky?</p>
<p>Chris built Thesis with a ton of experience under his belt. He created four wildly popular Wordpress themes prior to it (Cutline, Pressrow, Neoclassical, and Copyblogger), so he knew where to start. However, the most important thing contributing to his success was his intent focus on developing the best Wordpress theme on the internet.</p>
<p>In short, Thesis became popular because of Chris Pearson&#8217;s single basket. He picked the Wordpress theme basket and put all of his eggs in it. So, if you&#8217;re looking to experience breakaway growth, you need to take a page from Chris Pearson&#8217;s book and focus on one basket. Then, continue to watch that basket to ensure you continue to do it right over the course of the product&#8217;s life.</p>
<h3>What Do You Think?</h3>
<p>Leave a comment and lets start a discussion.</p>


<p>Related posts:<ol><li><a href='http://prevential.com/success-factors-achieve-business-goals/' rel='bookmark' title='Permanent Link: How to Set and Achieve Business Goals'>How to Set and Achieve Business Goals</a></li><li><a href='http://prevential.com/whats-important-now-success-factors-day-7/' rel='bookmark' title='Permanent Link: What&#8217;s Important Now?'>What&#8217;s Important Now?</a></li><li><a href='http://prevential.com/success-factors-einstein-differentiate-company/' rel='bookmark' title='Permanent Link: Why Einstein Became Immortal <br />(and how your company can join him)'>Why Einstein Became Immortal <br />(and how your company can join him)</a></li></ol></p>]]></content:encoded>
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