Friday, February 6, 2009

The shrewd selling lesson from an 84-year-old art swindler

By MICHAEL SILK

How do you fleece the art world out of 600,000 pounds? Answer: The same way you sell legitimate product and services.

Now listen: I'm NOT suggesting you con people into buying whatever you're selling. No way. But, like it or not, you can learn a LOT about the "art of selling" from swindlers and con men.

Let me explain what I mean with a real story: Back in 2003, 84-year-old George Greenhalgh sold a fake of a 3,300 year-old statuette of the Egyptian Princess Amarna to Bolton council for the "bargain" price of just 440k. George's son, 47-year-old, Shaun Greenhalgh carved the statuette in less than a month in his shed. And the carving was good. Really good.

But, here's what's important: What finally convinced Bolton council to snap up the piece for 440,000 was what is known in the art world... as... provenance.

What's provenance? In short, it's the STORY behind the work-of-art (i.e., how it came to be in the hands of the current owner). That's what 84-year-old George was a master at - spinning a believable STORY as to how he happened to be in possession of such a rare artifact. And the art experts "took their eye" off the authenticity of the piece of art... because... the story was so credible.

So desperate were they in wanting to believe the story, they paid for fake pieces of art from the Greenhalgh's over and over again. And over the years, Shaun (the master craftsman) and his father George (the master story teller)... conned the art world out of over 600k

What's the lesson here? It's this: One particularly effective way to enhance the responsiveness of your sales promotions (for your legitimate products & services) is to weave an interesting STORY. I don't mean in a nefarious way. Not at all.

What I mean is to DRAMATISE your promotions with a credible STORY that diffuses all possible objections in the mind of the prospect as to WHY your product or service will not deliver on its promises.

I recommend you do this. Because in sales, all other things being equal... the person with the best story wins!

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