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« Over the top | Blog Home | What's it like? (The sad story of the hot pepper) »

The first transaction

Do you really expect that the first time we transact, it will involve me giving you money in exchange for a product or service?

Perhaps this is a good strategy for a pretzel vendor on the street, but is that the best you can hope for?

Digital transactions are essentially free for you to provide. I can give you permission to teach me something. I can watch a video. I can engage in a conversation. We can connect, transfer knowledge, engage in a way that builds trust... all of these things make it more likely that I'll trust you enough to send you some money one day. I can contribute to a project you're building, ask you a difficult question, discover what others have already learned.

But send you money on the first date? No way.

The question then, is how much time and effort does your non-profit/consulting firm/widget factory spend on pre-purchase transactions and how much do you spend on trying to simply close the sale?

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Listed below are links to weblogs that reference The first transaction:

» Want to get hired as lawyer before first meeting client? Blog from Real Lawyers Have Blogs
Lawyers are well aware we don't get paid after the first date. Lawyers take phone calls from potential clients answering any number of questions. We'll have people into our offices to review their legal situations, we'll present likely outcomes, outlin... [Read More]

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