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How to Make Ads That Sell: Scientific Advertising by Claude Hopkins — Transcript

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  1. 0:00This book is not written as a personal
  2. 0:01history, but as a business story. I try
  3. 0:03to confine myself to matters of
  4. 0:05instructive interest. The chief object
  5. 0:07behind every episode is to offer helpful
  6. 0:09suggestions to those who will follow me,
  7. 0:12and to save them some of the midnight
  8. 0:14groping, which I did. Any man who by a
  9. 0:18lifetime of excessive application learns
  10. 0:20more about anything than others owes a
  11. 0:23statement to his successors. The results
  12. 0:26of research should be recorded. Every
  13. 0:28pioneer should blaze his trail. That is
  14. 0:31all that I've tried to do. My only claim
  15. 0:34is that I have probably worked twice as
  16. 0:36long as anybody else in this field. I
  17. 0:39have lived for many years in a vortex of
  18. 0:41advertising. Naturally, I learned more
  19. 0:44from that experience than those who had
  20. 0:46a lesser chance. I want that experience
  21. 0:48to help others avoid the same difficult
  22. 0:51climb. I set down these findings solely
  23. 0:53for that purpose of aiding others to
  24. 0:55start far up the heights that I scaled.
  25. 0:58Had someone set down a record like this
  26. 1:00when I began, I would have blessed him
  27. 1:02for it. So that is Claude Hopkins
  28. 1:04writing the preface of his autobiography
  29. 1:06which is called My Life and Advertising.
  30. 1:09When you buy this book, it actually
  31. 1:11comes with a second book that he wrote,
  32. 1:14a book that he wrote maybe four decades
  33. 1:15before he wrote his autobiography, which
  34. 1:17is called Scientific Advertising. So I
  35. 1:20actually I I reread these books. I read
  36. 1:22these both these books for the first
  37. 1:23time I don't know like probably like 5
  38. 1:24years ago. And I found them because one
  39. 1:26of my personal heroes is this guy named
  40. 1:27David Olgrevy. And David Ogby said
  41. 1:30essentially like he built the foundation
  42. 1:32for his giant advertising uh agency that
  43. 1:34he founded just on the work alone of
  44. 1:36Claude Hopkins. And I originally set out
  45. 1:40to write so here's a crazy story for
  46. 1:41you. This will explain everything that I
  47. 1:42want to talk to you about today. So
  48. 1:44there is a book written by Claude
  49. 1:46Hopkins which is called scientific
  50. 1:47advertising. Okay? It has sold like 8
  51. 1:50million 10 million copies. It's probably
  52. 1:51the most important book ever written on
  53. 1:53advertising if you factor in who read
  54. 1:55the book and then what it influenced him
  55. 1:57to build after that. The book was so
  56. 2:00valuable that when Claude first wrote
  57. 2:02it, he showed it to the founder of the
  58. 2:05firm that he is working for, this guy
  59. 2:06named Albert Lasker. Now, this is really
  60. 2:08important to follow because Albert
  61. 2:10Lasker is the person that made the most
  62. 2:12money in advertising ever.
  63. 2:16Albert Lasker read the book, told Claude
  64. 2:19Hopkins, "Absolutely not. You are not
  65. 2:21publishing this book. This is giving
  66. 2:23away all of our secrets. You have to
  67. 2:24wait until I'm done making all this
  68. 2:26money." Albert Lasker put the book into
  69. 2:29a safe for 20 years. When Albert Lasker
  70. 2:32was done, uh, quit his advertising
  71. 2:34agency. I think he wound up giving it to
  72. 2:36some of his employees and left. Then
  73. 2:38Claude Hopkins was allowed to publish
  74. 2:41the book called Scientific Advertising
  75. 2:42which is then over the last you know 100
  76. 2:44years because I think the book came out
  77. 2:45like 1920 maybe 1930 something like that
  78. 2:48uh has sold you know almost 10 million
  79. 2:49copies. Okay. So then this week I was
  80. 2:51like oh I I've been wanting to focus on
  81. 2:54headlines and essentially like how do
  82. 2:57you uh distill down the most important
  83. 3:00idea into you know maximum which you
  84. 3:02know you know I'm obsessed with. Uh, and
  85. 3:04then how do I apply that to headlines?
  86. 3:05Because for my other show that the new
  87. 3:07show I started last year where I'm
  88. 3:08actually, you know, having conversations
  89. 3:09with some of the greatest living
  90. 3:10founders, a lot of the there's like so
  91. 3:13much um so much of the value in the
  92. 3:16conversations is down into these like
  93. 3:18small clips of three, four, six minutes.
  94. 3:20And personally, I was reading scientific
  95. 3:22advertising to get better at writing a
  96. 3:25way to distill a main message from like
  97. 3:26a three-minute clip into like a one
  98. 3:28sentence that would essentially act as a
  99. 3:30headline for a clip, right? And so I was
  100. 3:32like, I'm going to read this whole book.
  101. 3:33I finished reading Scientific
  102. 3:34Advertising. I'm like, god damn, this is
  103. 3:36good. And then it made me go back and
  104. 3:40start I didn't I wasn't planning on
  105. 3:41doing this episode the way I'm doing it
  106. 3:43right now. And then I go back and reread
  107. 3:45his autobiography, which I wasn't
  108. 3:48planning to talk to you about today. I
  109. 3:49was just going to talk to you about
  110. 3:50scientific action. Like, damn it,
  111. 3:51there's too much good stuff in here. So
  112. 3:54then what I did is went back and I
  113. 3:56compiled all my notes and all my
  114. 3:57highlights into this one book, which I
  115. 3:59just transferred. I spent, you know, the
  116. 4:01last, I don't know, like 10 hours or
  117. 4:02something. It took a long time to do
  118. 4:03this, uh, of all my notes and highlights
  119. 4:05for both books into the book that I'm
  120. 4:07holding into my hand. So, that's what
  121. 4:08I'm going to go through, uh, with you
  122. 4:11today. Not really. I I I skipped over
  123. 4:14large parts of his personal life and his
  124. 4:17life story. I just want to tell you the
  125. 4:18fact that this guy probably spent more
  126. 4:20time, he's arguably the greatest
  127. 4:21copywriter in history, and he spent more
  128. 4:23time doing that than anybody else. And
  129. 4:25he there's just these principles and
  130. 4:27these handful of ideas that he's going
  131. 4:28to repeat over and over again. and I
  132. 4:30think it re really will help you better
  133. 4:34sell, better market, better advertise
  134. 4:35whatever product it is that you're
  135. 4:37building. So, let's just jump right into
  136. 4:38this. He says, "I've supported myself
  137. 4:40since the age of nine." Uh, he started
  138. 4:42working 16 hours a day when he was still
  139. 4:44in what we'd call junior high. Okay? And
  140. 4:47then the reason that's important is
  141. 4:49because he also applied that when he
  142. 4:50starts into the advertising business. I
  143. 4:52did the same in business. I had no
  144. 4:53working hours. When I ceased before
  145. 4:55midnight, that was a holiday for me. I
  146. 4:57often left my office 2:00 in the
  147. 4:58morning. Sundays were my best working
  148. 5:00days because there was no interruptions.
  149. 5:01For 16 years after entering business, I
  150. 5:04rarely had an evening or a Sunday not
  151. 5:06occupied by work. I am not advising
  152. 5:09others to follow my example. But the man
  153. 5:11who works twice as long as his fellows
  154. 5:13is bound to go twice as far, especially
  155. 5:15in advertising. There is some difference
  156. 5:17in brains, of course, but it is not so
  157. 5:20important as the difference in industry.
  158. 5:22The man who does two or three times the
  159. 5:24work of others learns two or three times
  160. 5:25as much. He makes more mistakes and more
  161. 5:27successes. and he learns from both. If I
  162. 5:30have gone higher than others in
  163. 5:31advertising or done more, the fact is
  164. 5:34not due to exceptional ability but to
  165. 5:36exceptional hours. So I'm going to
  166. 5:38interrupt my own self here because what
  167. 5:40I'm holding in my hand is you know 300
  168. 5:43maybe 320 pages of the most important
  169. 5:47lessons from working 16 hours a day for
  170. 5:50five decades. Okay. Okay. So he says in
  171. 5:53fact if I've gone any higher than
  172. 5:55anywhere else it's not because I had a
  173. 5:56bigger brain it's just due it's not
  174. 5:58exceptional ability. It's just because I
  175. 6:00I I devoted exceptional hours to this
  176. 6:02trade says uh it means that a man and
  177. 6:05he's talking about himself. It means
  178. 6:06that a man has sacrificed all else in
  179. 6:08life to excel in this one profession. So
  180. 6:11I got to this part you know I probably
  181. 6:13read that highlight I don't know maybe
  182. 6:14half dozen times in my life. The thing
  183. 6:16that jumped out to me is this this one
  184. 6:19of Charlie Mer's favorite founders, this
  185. 6:21guy named Lesh Schwab. And Lesh
  186. 6:23essentially did the same thing that
  187. 6:24Claude Hopkins did in advertising less
  188. 6:26did in building one of the most
  189. 6:28successful tire chains in the United
  190. 6:30States history. And he says um whatever
  191. 6:33you do, you must do it with gusto. You
  192. 6:35must do it in volume. It is a case of
  193. 6:37repeat, repeat, repeat. talks about the
  194. 6:41fact that his mother was left a widow uh
  195. 6:44when he when Claude Hopkins was 10 that
  196. 6:47they uh he grew up in poverty and he
  197. 6:49says to poverty I owe the fact that I
  198. 6:51never went to college. I spent those
  199. 6:52four years in the school of experience
  200. 6:54instead of the school of theory. And one
  201. 6:57of the most important lessons he learned
  202. 6:58in the school of experience and school
  203. 6:59of theory, he actually learned from a
  204. 7:01guy that was a railroad section foreman.
  205. 7:04And that is the importance of basically
  206. 7:06using the most of every hour of the day
  207. 7:08and then treating your work as play. I'm
  208. 7:11going to you'll find today I'm going to
  209. 7:13repeat, you know, he probably has about
  210. 7:14a half a dozen ideas, I would say, that
  211. 7:16he just repeats over and over again. And
  212. 7:17he repeats them in both books. And keep
  213. 7:19in mind, I think the books were written
  214. 7:20probably 30 to 40 years apart. And so
  215. 7:23this is the idea of treating work as
  216. 7:24play and making most use of every hour
  217. 7:26of the day is a reoccurring theme that
  218. 7:28Claude's going to repeat over and over
  219. 7:29again. So he talks about he's like,
  220. 7:30"This man exerted a remarkable influence
  221. 7:32on me. He was a railroad section
  222. 7:34foreman." And so he was Claude's a young
  223. 7:37young person at this time. The the
  224. 7:39railroad section foreman is a little
  225. 7:40older and he's kind of just kind of
  226. 7:42schooling Claude to the game. He says,
  227. 7:44"He impressed with me the difference
  228. 7:45between him and his helpers. The helpers
  229. 7:47worked from necessity. They did as
  230. 7:49little as possible. They counted the
  231. 7:50hours to quitting time and then on
  232. 7:52Saturday nights they'd go into the city
  233. 7:53and spend all their the money they had
  234. 7:54earned in that week. The foreman on the
  235. 7:56other hand worked with enthusiasm. He
  236. 7:59says uh the men would work as though
  237. 8:01work was a boore, but the foreman made
  238. 8:03the work a game. That man built his home
  239. 8:06in the evenings after 10-hour days on
  240. 8:08the railroad. He cultivated a garden
  241. 8:10around it. Then he married the prettiest
  242. 8:12girl in the section and lived a life of
  243. 8:15bliss. I learned great lessons from him.
  244. 8:18And then he's talking about he's
  245. 8:19reflecting on this conversation that he
  246. 8:20had with this railroad section foreman.
  247. 8:23Look at those fellows whittling,
  248. 8:24discussing railroads, talking politics.
  249. 8:26The most that any of them know about a
  250. 8:27railroad is how to drive a spike. They
  251. 8:29will always do that and no more. Note
  252. 8:32what I have done while they loaf there
  253. 8:34this evening. Built most of the porch on
  254. 8:37my home. So he worked all day. Then he's
  255. 8:39trying to again just improve his station
  256. 8:41in life. I'm going to build this own my
  257. 8:42own house. I'm done working on the
  258. 8:44railroad. I can then improve something
  259. 8:46that's important to me, something that
  260. 8:47will last a long time in my life, which
  261. 8:50is this home. And he continues, so you
  262. 8:52know, they're they're messing around.
  263. 8:53They're bullshitting. I'm building I'm
  264. 8:55making better use of that time. I'm
  265. 8:56building this porch and extending and
  266. 8:57making my home more valuable. Soon I
  267. 8:59will be sitting on that porch in
  268. 9:00comfort, making love to a pretty wife.
  269. 9:03They will always be sitting on these
  270. 9:05soap boxes. Which is work and which is
  271. 9:07play? If a thing is useful, they call it
  272. 9:10work. If it's useless, they call it
  273. 9:12play. But one is hard as the other. One
  274. 9:15can be just as much of a game as the
  275. 9:17other. In both there can be a rivalry.
  276. 9:19There is a struggle to excel. All the
  277. 9:22difference I see lies in the attitude of
  278. 9:24the mind. That is the end of the quote
  279. 9:26from the railroad section foreman. Back
  280. 9:29to Claude writing in his autobiography.
  281. 9:30I've never forgot those talks. I came to
  282. 9:33love work as other men love golf. I love
  283. 9:35it still. Many a time. I beg off from a
  284. 9:38bridge game, a dinner or a dance to
  285. 9:40spend the evening in my office. I steal
  286. 9:42away from weekend parties at my country
  287. 9:45home to enjoy a few hours at my
  288. 9:47typewriter. So the love of work can be
  289. 9:50cultivated just like the love of play.
  290. 9:52The terms are interchangeable. What
  291. 9:55others call work, I call play and vice
  292. 9:57versa. We do best what we like best. Now
  293. 10:00how funny is this? Okay, so this guy is
  294. 10:02named Claude dedicated his life to
  295. 10:04learning advertising. Last week you and
  296. 10:05I talked about another Claude, Claude
  297. 10:07Shannon dedicated his life. Obviously
  298. 10:09one thing he's known for is creating
  299. 10:11information theory, but you know he he
  300. 10:13invented the first wearable computer.
  301. 10:14He's just he's just a very eccentric
  302. 10:16person. And again, what was the
  303. 10:18biography of Claude Chennon? A mind at
  304. 10:20play. But it's funny that they both
  305. 10:22looked at work as play. But even more
  306. 10:25interesting is there's a direct quote in
  307. 10:27Claude Channon's uh biography where he
  308. 10:29said, you know, we what we do best is
  309. 10:30what we like best. And we see Claude
  310. 10:33Hopkins saying the same thing as Claude
  311. 10:35Shannon. If that is chasing a polo ball,
  312. 10:37one will excel at that. If that means
  313. 10:39checkmating competitors or getting a
  314. 10:40home run, he will excel in that. So it
  315. 10:42means a great deal when a young man can
  316. 10:44come to regard his life work as the most
  317. 10:46fascinating game that he knows. That is
  318. 10:48awesome. And it should be. This is good.
  319. 10:51Just fantastic writing and it should be.
  320. 10:53The applause of athletics dies in a
  321. 10:55moment. The applause of success gives
  322. 10:58one cheer to the grave. Before we get
  323. 11:00back into this, I want to tell you about
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  355. 12:06ramp.com. Okay. So, now we're going to
  356. 12:08go back into I just told you that uh I
  357. 12:11was going to say we're going to go back
  358. 12:12into some of his ideas for advertising,
  359. 12:14but this actually talks about the fact
  360. 12:15that his father died, his mother was
  361. 12:17left a a widow. But so they're they're
  362. 12:20trying to find ways out of necessity,
  363. 12:22okay, to survive. And his mother starts
  364. 12:26making a homemade silver polish. So for
  365. 12:30at the time a lot of housewives, you
  366. 12:32know, you had a bunch of things like you
  367. 12:34would present food or drink or whatever
  368. 12:35the case is in like these silver plates.
  369. 12:38And so his mom made a way to make the
  370. 12:40silver shiny. Okay? And so as a kid, I
  371. 12:43think he's 10, 11 years old when he's
  372. 12:44doing this. He's going door todo and
  373. 12:47trying to sell this silver polish that
  374. 12:49his mother has essentially home
  375. 12:51manufactured, right? Says, "I went from
  376. 12:53house to house to sell it. I found that
  377. 12:54I sold about one woman in 10 by merely
  378. 12:56talking about the polish. But when I
  379. 12:58could get into the house and demonstrate
  380. 13:00the polish, I sold to nearly all. That
  381. 13:03taught me another lesson I have never
  382. 13:04forgotten. A good product is its own
  383. 13:07best salesman. It is uphill work to sell
  384. 13:10goods without samples. So that's again
  385. 13:13another idea that he's going to repeat
  386. 13:14over and over again that
  387. 13:17one great product demonstration letting
  388. 13:19the person use it without payment.
  389. 13:21Whatever the case is, it's it's very
  390. 13:22very important. Now if you remember one
  391. 13:24of my favorite entrepreneurs of all time
  392. 13:26is Estee Lauder. And Estee Lauder's
  393. 13:28autobiography. I think I've read three
  394. 13:29or four times. I've done probably two or
  395. 13:31three episodes on that book if I
  396. 13:32remember correctly. And when she was
  397. 13:34starting out, she didn't have a lot of
  398. 13:35money. So her and her husband when
  399. 13:37they're starting the company, they're
  400. 13:38like, "Okay, well, we have this
  401. 13:39advertising budget, right? But we don't
  402. 13:41have many very many customers. We know
  403. 13:42we we made a great product." So Estee
  404. 13:44made essentially the cornerstone of one
  405. 13:46of her of her empire was this idea of
  406. 13:48giving a free sample. So she actually
  407. 13:50took money out of the advertising budget
  408. 13:53and decided, "Hey, I'm going to shift
  409. 13:55that money from my advertising budget
  410. 13:56into production because I'm have very
  411. 13:58limited means at the time and I'm going
  412. 14:00to actually produce more of my product,
  413. 14:02not to sell, but to give away." and she
  414. 14:04would talk about the people and she
  415. 14:05would stop people on the street. She
  416. 14:07would do this obviously when she had
  417. 14:08stores as well. But she said the benefit
  418. 14:10of that is one the product speaks for
  419. 14:13itself. If you think you have the best
  420. 14:14product then you're going to win on that
  421. 14:15alone. But there there's an inherent uh
  422. 14:18desire to reciprocate in human nature.
  423. 14:20So Estee goes up to a woman says here
  424. 14:22try this lipstick, try this blush,
  425. 14:23whatever the case is. She tries it, she
  426. 14:25likes it. Not only will she come back to
  427. 14:28Estee to buy more of the thing that she
  428. 14:30was given for free, but then she'll tell
  429. 14:32all her friends about it. This is a very
  430. 14:33that that word of mouth. I forgot what
  431. 14:35she called it. She called like phone
  432. 14:37phone a friend or phone a woman in in
  433. 14:39her autobiography, but she said, you
  434. 14:40know, essentially she knew she was going
  435. 14:42to do this for the rest of her life and
  436. 14:43she just let she knew word of mouth was
  437. 14:44going to be the engine that powered, you
  438. 14:46know, the business that she was trying
  439. 14:48to build over the the f the following uh
  440. 14:50decades. Uh and what I love about going
  441. 14:53back to this book, what I love about
  442. 14:54this is like he doesn't he just speaks
  443. 14:55and writes very plainly. It's like
  444. 14:57here's another lesson. Pay attention to
  445. 14:58this part. He literally says there's
  446. 15:00another lesson. We must never judge
  447. 15:02humanity by ourselves. The things we
  448. 15:03want, the things we like may appeal to a
  449. 15:05small minority. The losses occasioned in
  450. 15:07advertising by venturing on personal
  451. 15:09preference was e would easily pay the
  452. 15:11national debt. There are divided
  453. 15:14opinions and and [laughter]
  454. 15:16so in every preference and everyone only
  455. 15:19the obstinate and the boneheaded will
  456. 15:21venture far on personal opinion. We must
  457. 15:24submit all things in advertising to the
  458. 15:26court of public opinion.
  459. 15:28This is the main theme of this book. I
  460. 15:31own an oceangoing yacht, but do you
  461. 15:34suppose I venture across the ocean
  462. 15:35without a chart or a compass? So,
  463. 15:38there's another idea. He's already
  464. 15:40mentioned something. He's like, "Well,
  465. 15:41you know, sometimes I'm at my country
  466. 15:42house and I want to steal away.
  467. 15:44Everybody's else is partying and I'm
  468. 15:45sitting back at the typewriter." Now,
  469. 15:47he's like, "Hey, I got a yacht, too, by
  470. 15:48the way. How do you think I got that
  471. 15:49from sitting at the typewriter and
  472. 15:51coming up with words that make cash the
  473. 15:54cash register ring?" Okay, that implied
  474. 15:58in there, which I don't think you'd know
  475. 15:59unless you read the book first. He has
  476. 16:02this idea. He started out as like a
  477. 16:03bookkeeper and he's like, "The problem
  478. 16:05is I'm on the expense side of a
  479. 16:07business." And he was like, "Who's
  480. 16:08making all the money here?" And he's
  481. 16:10like, well, if I can go away from the ex
  482. 16:13be treated as an expense by the owner of
  483. 16:15this business to somebody that's
  484. 16:16bringing more sales to the owner of the
  485. 16:18business, I will get compensated because
  486. 16:20I can say, hey, I brought you in a mill
  487. 16:22more than a million dollar of toothpaste
  488. 16:24sales. Let me get $200,000 of the
  489. 16:27million I brought in. And so his whole
  490. 16:29thing when he's counseling young men,
  491. 16:31and I guess young women, too, he's like,
  492. 16:33get away from the expense side of the
  493. 16:34business. Stay close to the money. Stay
  494. 16:36close to the money. Uh let's go back to
  495. 16:40the section what he's what what he's
  496. 16:41talking about though. He's like you have
  497. 16:43to study human nature. There's all kinds
  498. 16:45of things products that you think he
  499. 16:47mentions this over and over again. The
  500. 16:48importance of testing. He's like you
  501. 16:49know how many times somebody brought me
  502. 16:51a product that I was like why do you
  503. 16:52want me to advertise this stupid thing
  504. 16:54that's never going to sell? He does the
  505. 16:56best job you possibly can and it just
  506. 16:57sells like crazy cuz he didn't
  507. 16:58understand. He's like that that didn't
  508. 17:00appeal to me but the world is huge.
  509. 17:02There's billions of people and it
  510. 17:03appealed to them. So she says some of
  511. 17:05the greatest successes I have ever known
  512. 17:06in advertising. This is hilarious. So,
  513. 17:09he's also talking about hiring and some
  514. 17:11of the people that worked under him. And
  515. 17:14really that you'll just get way further
  516. 17:16if you just understand human nature. He
  517. 17:18talks about the importance of studying
  518. 17:19psychology, understanding incentives,
  519. 17:22understanding what drives people,
  520. 17:23understanding what what in human nature
  521. 17:26never changes. And he's he he tried to
  522. 17:29recruit people for his company from very
  523. 17:31common uneducated people. So these are
  524. 17:33you would say is like these people were
  525. 17:35street smart. They had almost no books
  526. 17:36smarts, but they damn sure knew how
  527. 17:38humans thought and what motivated them
  528. 17:41and how to influence them to buy the
  529. 17:43products that they're selling. And so he
  530. 17:45talks about two of them here. Some of
  531. 17:46the greatest successes I have ever known
  532. 17:48in advertising were ignorant men. Two
  533. 17:50are now heads of agencies. One of them
  534. 17:52has made has made much money in
  535. 17:54advertising. A man who could hardly sign
  536. 17:56his name, but he knew people and the
  537. 17:58people bought what he had to sell. One
  538. 18:00of them, one of these men wrote copy
  539. 18:02which would induce a farmer to mortgage
  540. 18:05his barn to respond. But every sentence
  541. 18:08had to be edited for grammar. So that's
  542. 18:11another thing he's going to repeat over
  543. 18:12and over again. Make sure you're
  544. 18:13understanding. He reads a lot of
  545. 18:14history, reads a lot of psychology,
  546. 18:16reads a lot of philosophy, he
  547. 18:17understands people. Uh he says, "No man
  548. 18:19can succeed in any line where he finds
  549. 18:21himself in disagreement and where
  550. 18:23unhappiness results. I consider business
  551. 18:25as a game." How many times? We're 34
  552. 18:28pages into this book and I've already
  553. 18:30mentioned this at least once. It's
  554. 18:31probably appeared four different times
  555. 18:33by the time I get to this. I consider
  556. 18:34business a game and I play it as a game.
  557. 18:37That is why I have been and still am so
  558. 18:40devoted to it. It goes back to what
  559. 18:41Claude Channon last week. You tend to to
  560. 18:44like and to be good at things that you
  561. 18:46like. Uh Charlie Mer's version of this
  562. 18:48is intense. He has this great line where
  563. 18:50he says, "Intense interest in any
  564. 18:52subject is indispensable if you're
  565. 18:54really going to excel at it." Uh, when I
  566. 18:57first heard Charlie say that or I first
  567. 18:59read that Charlie said that, it's like
  568. 19:01love what you do or find another line of
  569. 19:03work. And again, you're going to be it's
  570. 19:05all these like little ed things on the
  571. 19:07edge where it's like, okay, I can work
  572. 19:09eight hours a day if you had a normal
  573. 19:10job at something I hate or I can work
  574. 19:12eight hours a day at something I love.
  575. 19:14And even if you only constrain yourself
  576. 19:15to those eight hours, you're going to be
  577. 19:17thinking about it on your off time.
  578. 19:18You're going to be reading, you know,
  579. 19:19trade journals on it. You're going to be
  580. 19:21seeking out other people and building
  581. 19:22relationships with people that are
  582. 19:24interested in the same things you are.
  583. 19:25It's just like that that love is so
  584. 19:27important. Um, already mentioned this,
  585. 19:29but the importance of staying close to
  586. 19:32the money. He says the big salaries are
  587. 19:33paid to the salesmen, to the men who
  588. 19:35bought in orders or to the men in the
  589. 19:36factory who reduce costs. They could
  590. 19:38increase profits. And if you can show
  591. 19:40profits, then you can command a
  592. 19:42reasonable share of those profits.
  593. 19:45uh everybody when you I've read I don't
  594. 19:47know probably six I've probably done six
  595. 19:50to 10 different episodes on all the
  596. 19:51advertising agency founders uh most of
  597. 19:54which I found through through David
  598. 19:55Oggovy but with with all of them they
  599. 19:59all will talk about like there was a
  600. 20:00kind of like a blueprint or somebody
  601. 20:02they learned from uh that then they use
  602. 20:04their ideas to build their company.
  603. 20:06Claude Hopkins is no different. He
  604. 20:07really admired this guy named John
  605. 20:09Powers. And what he learned about
  606. 20:12studying the the advertising that John
  607. 20:13Powers would create, he's just like,
  608. 20:15well, the main principle of John Powers
  609. 20:17is like, tell the truth. You just have
  610. 20:19to tell it in an interesting and
  611. 20:20fascinating way. So, it says John Powers
  612. 20:23created a new concept of advertising. He
  613. 20:25told the truth, but told it in a rugged
  614. 20:26and fascinating way. At the time, he was
  615. 20:28working for Wanomaker. Uh, and that that
  616. 20:32company was paying John Powers $12,000 a
  617. 20:34year. So, keep in mind, this is like the
  618. 20:35early 1900s. this is like a crazy high
  619. 20:37salary. And he says the principles of to
  620. 20:40which John Powers stood are still among
  621. 20:41our advertising fundamentals. And so he
  622. 20:43gives this example of one of the most
  623. 20:45interesting things that he saw John
  624. 20:47Powers do. So this clothing company
  625. 20:49goes, they're on the verge of bankruptcy
  626. 20:52and they call Powers and he immediately
  627. 20:55measures up the situation. And this is
  628. 20:56what he says. He goes, "There's only one
  629. 20:58way out. Tell the truth. Tell the people
  630. 21:00that you're bankrupt and that your only
  631. 21:01way to salvation lies through large and
  632. 21:03immediate sales. The clothing dealers
  633. 21:06argued that such an announcement would
  634. 21:07bring every creditor to their door, but
  635. 21:09Powers said, "It doesn't matter. Either
  636. 21:11tell the truth or I quit." So, this is
  637. 21:13the ad. Okay, so the ad read something
  638. 21:16like this. We are bankrupt. We owe
  639. 21:19$125,000 more than we can pay. This
  640. 21:21announcement will bring our creditors
  641. 21:22down on our necks. But if you come and
  642. 21:24buy tomorrow, we shall have the money to
  643. 21:27meet them. If not, we we're going to go
  644. 21:30to the wall. These are the prices we are
  645. 21:32quoting to meet this situation. Says,
  646. 21:34"Truth was such a rarity in advertising
  647. 21:37that this announcement created a
  648. 21:39sensation. People flocked by the
  649. 21:41thousands to buy and the store was
  650. 21:44saved." And before we get back into
  651. 21:45this, I want to tell you about Applov.
  652. 21:47And one of my all-time favorite quotes
  653. 21:49is from the book 0ero to1. In that book,
  654. 21:51Peter Thiel writes, he says, "The single
  655. 21:52most powerful pattern I have noticed is
  656. 21:54that successful people find value in
  657. 21:56unexpected places. And they do this by
  658. 21:58thinking about business from first
  659. 22:00principles instead of formulas. And that
  660. 22:02is exactly what apploven has done with
  661. 22:04their advertising platform. Apploven
  662. 22:06connects you with over a billion
  663. 22:07potential new customers in mobile games.
  664. 22:10Apploving allows you to capture
  665. 22:12undivided attention. Apploven ads are
  666. 22:14full screen videos that are watched for
  667. 22:16an average of 35 seconds. That is
  668. 22:18retention that blows other ad platforms
  669. 22:20out of the water. And you can launch on
  670. 22:22apploven in minutes. You set the goal
  671. 22:25and apploven achieves it. No complex
  672. 22:27setup, no expertise needed, and AppLoven
  673. 22:30scales quickly. They can put your ads in
  674. 22:32front of over a billion potential
  675. 22:34customers. Other businesses have seen
  676. 22:36immediate results, scale to hundreds of
  677. 22:38thousands of dollars of spend per day
  678. 22:39and increase their revenue by millions.
  679. 22:41So, you want to get started quickly
  680. 22:43before all of your competitors are on
  681. 22:45Apploving. And you can do that by going
  682. 22:47to apploven.com.
  683. 22:48That's apploven.com.
  684. 22:50And then I want to tell you about Vanta.
  685. 22:52Vant. Vanta helps your company prove
  686. 22:54you're secure, so more customers will
  687. 22:56use your product or service. Vanta is an
  688. 22:58AI powered security expert that scales
  689. 23:00with you. The more your business grows,
  690. 23:02the more complex your security needs
  691. 23:04get. And that complexity turns into
  692. 23:06chaos. Vanta tames that chaos for you.
  693. 23:09Vanta automates compliance, continuously
  694. 23:11monitors your controls, and gives you a
  695. 23:13single source of truth for compliance
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  700. 23:23sign contracts unless you're certified
  701. 23:24and this is causing you to lose out on
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  710. 23:42and you'll get $1,000 off. That is
  711. 23:44vanta.com/founders.
  712. 23:46Another reoccurring theme in this book
  713. 23:48is just how much effort claw just works
  714. 23:50more than anybody else. even this is
  715. 23:51before he was rich. This is him trying
  716. 23:53to start out. He he learns that this
  717. 23:55company there's there's a story that
  718. 23:56goes on for many pages in the book. I'm
  719. 23:58just going to give you like this brief
  720. 23:59overview. So, one of the companies that
  721. 24:01has one of the largest advertising
  722. 24:03budgets in the United States at this
  723. 24:04time is looking for a head of
  724. 24:06advertising. Claude hears about the job
  725. 24:08and he doesn't do what normal people do.
  726. 24:09He's like, "Okay, I'm going to apply or
  727. 24:10maybe like I'll call and like uh knock
  728. 24:12on the guy's door and see if I can, you
  729. 24:13know, talk to talk to him oneonone or
  730. 24:15something."
  731. 24:16Claude does all that, but then he also
  732. 24:18has dozens of people send letters to the
  733. 24:20head of hiring that testify to his skill
  734. 24:23to Claude's skill as a copywriter and
  735. 24:25advertiser. He then starts writing a
  736. 24:27daily column in the newspaper on
  737. 24:30advertising and sharing everything that
  738. 24:31he learned so that the person in charge
  739. 24:33of the hiring sees it. And of course,
  740. 24:35you know, the end result, Claude is
  741. 24:37going to be the one that gets that job.
  742. 24:39Another thing that he repeats over and
  743. 24:41over again, you don't want any distance
  744. 24:44between you and the end buyer. Like if
  745. 24:46you're if you're right up on top of
  746. 24:47them, you can hear, you can see how what
  747. 24:50they reject, you can see what appeal uh
  748. 24:53like lights up their eyes. You have to
  749. 24:55stay close to the buyer. And his whole
  750. 24:57point, and this is something that a lot
  751. 24:59of the advertising agency founders said,
  752. 25:00it's like the best people were like
  753. 25:01door-to-d dooror salesmen, uh direct
  754. 25:04response advertisers. And so he says
  755. 25:06study and he even said like uh think
  756. 25:07about he he would spend time this is
  757. 25:09before there was lighting you know the
  758. 25:11people that would gather like in the
  759. 25:12town square he said he he'd spend hours
  760. 25:14under torch light reading and some of
  761. 25:16these people were like snake oil
  762. 25:17salesman kind of like Rockefeller's dad
  763. 25:19if you studied the history of
  764. 25:20Rockefeller his dad would go town to
  765. 25:22town and kind of sell like literally
  766. 25:23snake oil like uh remedies for
  767. 25:25everlasting life or a way to cure cancer
  768. 25:27if you drink this thing and they would
  769. 25:29stand on top of essentially like a box
  770. 25:31and they would preach and try to sell
  771. 25:33and Claude said he would spend hours
  772. 25:34under torch light listening and seeing
  773. 25:37how like what appeals worked for them.
  774. 25:38So
  775. 25:40basically the advice is like stay as
  776. 25:42close as possible to the end buyers is
  777. 25:43study salesmen, canvasers and fakers if
  778. 25:46you want to know how to sell goods. No
  779. 25:47argument in the world can ever compare
  780. 25:50with one dramatic demonstration. Another
  781. 25:53thing he says over and over again, I'm
  782. 25:54going to quote Henry Ford, one of my
  783. 25:56favorite maxims from the history of
  784. 25:57entrepreneurship. Money comes naturally
  785. 25:59as a result of service. I see this all
  786. 26:01the time. You can look at ads. I I see
  787. 26:03this especially when I fly into San
  788. 26:04Francisco. I do a lot of recording there
  789. 26:05now. And you look at the billboards,
  790. 26:08they have the worst. It's like some of
  791. 26:10the most valuable companies in the world
  792. 26:12and some of the worst billboards you've
  793. 26:14ever seen because all the billboards
  794. 26:16talk about is me me. Buy my product. And
  795. 26:18his whole thing is just like no one
  796. 26:20cares about your company. No one cares
  797. 26:22about your product. You should be
  798. 26:24positioning your ads to not about you or
  799. 26:26your product or your company about what
  800. 26:27you can do for them. The basic this is a
  801. 26:30basic conception of selling. This is
  802. 26:32what Claude Hopkins says. The average
  803. 26:34salesman seeks favors. He seeks profit
  804. 26:36for himself. His plea is buy my goods.
  805. 26:39He makes a selfish appeal to selfish
  806. 26:41people. And of course, he meets
  807. 26:42resistance. I was selling service. So
  808. 26:45he's talking about some of the success
  809. 26:47that he had early in his career. He
  810. 26:48says, "I was selling service. The whole
  811. 26:51basis of what I would talk about was to
  812. 26:53help them get more business. The
  813. 26:55advantage to myself was covered up in my
  814. 26:57efforts to please him." All good
  815. 27:00salesmanship, which is all he considers
  816. 27:02advertising, says advertising is just
  817. 27:04salesmanship in print. All good
  818. 27:06salesmanship is based on appealing to
  819. 27:09service. Says it over and over again. He
  820. 27:11will repeat that dozens of times in the
  821. 27:12book. That's not an exaggeration.
  822. 27:14Everywhere we see advertisers merely
  823. 27:16crying a name. They say, "Buy my brand."
  824. 27:18Their whole evident desire is some
  825. 27:20selfish advantage. Such advertising may
  826. 27:23sometimes pay to an extent but it can
  827. 27:25never pay like appeals which appear
  828. 27:28unselfish.
  829. 27:29Another one of his main lessons as a
  830. 27:31main idea is create your advertising as
  831. 27:33if a single person was standing in front
  832. 27:35of you. Says my everlasting argument was
  833. 27:38against dealing with people in the mass.
  834. 27:40For instance, a woman once wrote to us
  835. 27:42inquiring about a sewing machine. She
  836. 27:44had that on her mind and nothing else.
  837. 27:47The general plan of the business that
  838. 27:48Hopkins was working for was to send. So
  839. 27:51she writes a letter inquiring about a
  840. 27:53sewing machine that the companyy's
  841. 27:54selling, right? The company before
  842. 27:55Claude called Hopkins would then return
  843. 27:57her a catalog of everything. He says,
  844. 28:00"Treating all inquiries alike. Big
  845. 28:02mistake. I urge that every inquirer
  846. 28:04should be treated like a prospect who
  847. 28:06came into a store. We had a special
  848. 28:08catalog on sewing machines showing every
  849. 28:10style and price. We sent that sewing."
  850. 28:12So, if you call in, excuse me, if you
  851. 28:14wrote in above sewing machines, this is
  852. 28:16what Clet Hopkins changed, right? We
  853. 28:19have a catalog dedicated to this, shows
  854. 28:20everything we're doing, shows every
  855. 28:21style and price. Send that to her. Okay.
  856. 28:24Then, we also sent the names of
  857. 28:27everybody in her town, in her vicinity,
  858. 28:29who had bought our sewing machine. We
  859. 28:31then asked her, "Hey, go see the
  860. 28:33machines in person for yourself if you'd
  861. 28:35like, and then talk with the owners
  862. 28:37about whether they like it or not." He
  863. 28:39says, "This is another valuable
  864. 28:40principle. We are too apt to regard
  865. 28:43people in the mass. We must get down to
  866. 28:45individuals. We must treat people in
  867. 28:47advertising as we treat them in person.
  868. 28:49He's gonna say that a million times.
  869. 28:50That's I think that's the summary right
  870. 28:51there. Just act. If you're writing an
  871. 28:53ad, you're writing a headline, you're
  872. 28:55making a billboard,
  873. 28:57making a 30-se secondond podcast ad for
  874. 28:59God's sake. We must treat people in
  875. 29:01advertising as we treat them in person.
  876. 29:02Center on their desires. Now, he's
  877. 29:05combining those ideas. It's not about
  878. 29:06you. What do they want? Consider the
  879. 29:08person who stands before you with
  880. 29:10certain expressed desires. However big
  881. 29:12your business, get down to the units,
  882. 29:13for those units are all that make size.
  883. 29:16Now, there's another idea that he has
  884. 29:18that I've never forgotten since the
  885. 29:19first time. This is probably the the
  886. 29:20main idea I learned from him last time,
  887. 29:23and it's this idea that you really need
  888. 29:27to tell the pains that you take to excel
  889. 29:30and to create your product, even if
  890. 29:32they're not unique to your business.
  891. 29:34This is fascinating. So he he gets hired
  892. 29:36by Schlitz Beer. Okay, at the time
  893. 29:38Schlitz beer was had the fifth most
  894. 29:40market share. So there, you know,
  895. 29:42there's [snorts] four other beers that
  896. 29:43are out selling them and they hire
  897. 29:45Hopkins. They're like, "Hey, how can you
  898. 29:46help us increase our sales?" Right? And
  899. 29:49so he goes, "Okay, well first step of
  900. 29:50any great ad is research. I got to
  901. 29:52figure out like what your business is
  902. 29:54about, why your product is good, how you
  903. 29:55make it, everything else." So he goes
  904. 29:57and visits them at their brewery. He
  905. 29:59says, "I saw plate glass rooms where
  906. 30:00beer was dripping over pipes and I asked
  907. 30:02the reason for them. They told me that
  908. 30:03those rooms were filled with filtered
  909. 30:04air so the beer could be cooled in
  910. 30:07purity. I saw great filters filled with
  911. 30:09white wood pulp. They explained how that
  912. 30:11filtered the beer. They showed how they
  913. 30:13clean every pump and pipe twice daily to
  914. 30:16avoid contaminations. Every bottle was
  915. 30:18cleaned four times by machinery. They
  916. 30:20showed me artisan wells where they went
  917. 30:234,000 ft deep for pure water. They
  918. 30:26showed me the vats where the beer was
  919. 30:28aged for 6 months before it went out to
  920. 30:29the user. They took me to their
  921. 30:31laboratory and showed me their original
  922. 30:32mother yeast cell. It had been developed
  923. 30:34by 1,200 experiments to bring out the
  924. 30:36utmost in flavor. And Hopkins is like,
  925. 30:39"Guys, what are you doing? This is
  926. 30:41amazing. Why have you not told people
  927. 30:43these things? Why do you not why do you
  928. 30:45merely try to cry louder than others
  929. 30:47that your beer is pure? Why don't you
  930. 30:50tell the reasons?" The response from the
  931. 30:52company is, "Well, the processes we use
  932. 30:53are just the same as others. No one can
  933. 30:55make good beer without them." And this
  934. 30:57is the most important part of the story.
  935. 30:58But I replied, "Others have never told
  936. 31:00this story. It amazes everyone who goes
  937. 31:02through your brewery. It will startle
  938. 31:04startle everyone in print." So then he
  939. 31:07takes what he learned and puts it into
  940. 31:09an ad. So I pictured in print those
  941. 31:11plate glass rooms and every other factor
  942. 31:13in purity. I told a story common to all
  943. 31:17good brewers, but a story which had
  944. 31:19never been told. I gave purity a
  945. 31:21meaning. Schlitz jumped from fifth place
  946. 31:24to neck andneck with first place in a
  947. 31:26few months. And he says this doesn't
  948. 31:29just work for beer. It works for any
  949. 31:31company, any product. Again and again, I
  950. 31:33have told simple facts common to all
  951. 31:35makers in that industry. Too common to
  952. 31:37be told. But they have given the product
  953. 31:40first allied with them an exclusive and
  954. 31:42lasting prestige. That situation occurs
  955. 31:45in many many lines. The maker is too
  956. 31:48close to his product. He sees in his
  957. 31:50methods only the ordinary. He does not
  958. 31:53realize that the world at large might
  959. 31:55marvel at those methods and that facts
  960. 31:58which seem commonplace to him might give
  961. 32:00him vast distinction. Tell the pains
  962. 32:03that you take to excel. And then a few
  963. 32:06pages later he repeats one of his main
  964. 32:07ideas. Serve better than others. Offer
  965. 32:10more help than others and you are pretty
  966. 32:12sure to win. And a few pages after that
  967. 32:14he hits back on service. Think only from
  968. 32:17your customer's perspective. There are
  969. 32:19other ways to win in selling and in
  970. 32:20advertising, but they are slow and
  971. 32:22uncertain. Ask a person to take a chance
  972. 32:24on you and you have a fight. Offer to
  973. 32:27take a chance on him and the way is
  974. 32:29easy. So then he gets to the point where
  975. 32:33he's working advertising. He's built up
  976. 32:35a little bit of talent and then he meets
  977. 32:37everybody met Albert Lasker. This is the
  978. 32:39guy I mentioned earlier that Claude's
  979. 32:40going to work for for 17 years I think
  980. 32:43and who hides Claude's original
  981. 32:45manuscript and is safe. But everybody
  982. 32:47met him and said he was just like had
  983. 32:49some of the most charisma. This is the
  984. 32:50guy that made more money in advertising
  985. 32:51than anybody else. And this quick story
  986. 32:54is just too funny and you might use it
  987. 32:56as an idea in your business when you're
  988. 32:57recruiting somebody, but this is just
  989. 32:59how Albert Lasker recruits. And so it
  990. 33:01says, "Mr. Lasker said, I have searched
  991. 33:03the country for copy." He's talking
  992. 33:04about copyrightiting. Okay. This is the
  993. 33:06copy I got in New York. This is the copy
  994. 33:08I got in Philadelphia. I have spent
  995. 33:10thousands of dollars to get the best
  996. 33:12copy obtainable. You see the result.
  997. 33:14Neither you nor I would submit it. Now I
  998. 33:17ask you to help me. Give me three ads
  999. 33:19which will start this campaign and your
  1000. 33:21wife may go down to Michigan Avenue and
  1001. 33:24select any car on the street and have it
  1002. 33:26charged to me. And then this is now what
  1003. 33:29Claude says. So far as I know, no
  1004. 33:32ordinary human being has ever resisted
  1005. 33:34Albert Lazer. He has commanded what he
  1006. 33:36would in this world. Presidents have
  1007. 33:39made him their pal. Nothing he desired
  1008. 33:42has ever been forbidden him. So I
  1009. 33:44yielded as all due to his
  1010. 33:46persuasiveness. Now a few pages later he
  1011. 33:48goes back to one of his favorite ideas.
  1012. 33:50That's another big point to consider.
  1013. 33:51Argue anything for your own advantage
  1014. 33:53and people will resist to the limit. But
  1015. 33:56seem unselfishly to consider your
  1016. 33:58customers desires and they will
  1017. 33:59naturally flock to you. The greatest two
  1018. 34:02faults in advertising lie in boasts and
  1019. 34:05in selfishness. People will listen if
  1020. 34:07you talk service to them. They will turn
  1021. 34:09their backs when you seek to impress an
  1022. 34:12advantage for yourself. This is
  1023. 34:14important. And again, both these books
  1024. 34:16is just him documenting the mistakes and
  1025. 34:18the successes that he see people that he
  1026. 34:19sees people make over and over again. We
  1027. 34:21just went to Schlitch beer. He's like,
  1028. 34:23"This is amazing. Why aren't you telling
  1029. 34:24people about this?" And they're like,
  1030. 34:25"Well, cuz like we do it, but everybody
  1031. 34:28does it." And he's about to mention that
  1032. 34:31the the that you actually should not
  1033. 34:33write your own advertising because
  1034. 34:34you're too close to your own company.
  1035. 34:37And again, he ties that idea to another
  1036. 34:39idea that you always need to think from
  1037. 34:41the customer's perspective. There lies
  1038. 34:43the chief reason why no manufacturer
  1039. 34:44should ever conduct his own advertising.
  1040. 34:46He's too close to his factory. His own
  1041. 34:48interests tend to blind him to the
  1042. 34:49interest of his customers. He fails to
  1043. 34:52appreciate the customer's side. He tells
  1044. 34:55of things that he takes pride in. The
  1045. 34:56size of his plant or how or the age of
  1046. 34:58his business, for example. The
  1047. 35:00advertising man must study the consumer
  1048. 35:02and tell the consumer what he wants to
  1049. 35:05know. Again, everything from the
  1050. 35:07customer's perspective. When you hear
  1051. 35:08this over and over again, after you're
  1052. 35:10done listening to this, just go look at,
  1053. 35:11you know, flip through a magazine, go
  1054. 35:13look at a billboard, see any ad that you
  1055. 35:16see on social media. It's like the good
  1056. 35:18ads are appealing to you. They talk
  1057. 35:19about what you want. They're from your
  1058. 35:21perspective. And you will see, it would
  1059. 35:22be shocking once you realize this how
  1060. 35:24many companies just fail to do that very
  1061. 35:25basic premise. Again, these are words in
  1062. 35:28many cases are hundred years old. This
  1063. 35:30is not new information. Uh oh, I love
  1064. 35:33this part. This is just a random thing
  1065. 35:36that I think uh has to do with like the
  1066. 35:37circle of competence that Buffett talks
  1067. 35:39about a lot and Claude uh Hopkins sees
  1068. 35:43it in you know his customers too where
  1069. 35:45they'll be very successful with one
  1070. 35:46product and one business and they're
  1071. 35:47like hey I'm a genius and so therefore
  1072. 35:49they try to go off and do a completely
  1073. 35:51unrelated business and they fall flat on
  1074. 35:52their face. He says it is curious how we
  1075. 35:54all desire to excel in something outside
  1076. 35:56of our own province. This leads many men
  1077. 35:58astray. Men make money in one business
  1078. 36:00and lose it in others. They seem to feel
  1079. 36:02that one success makes them super
  1080. 36:04businessmen. So, let me back up about
  1081. 36:07how I found Colin Hopkins years ago. I
  1082. 36:09was It had nothing to do with
  1083. 36:10advertising. I was reading Warren
  1084. 36:12Buffett shareholder letters. I'm about
  1085. 36:14to do another episode on this. It's
  1086. 36:15going to take me like uh probably two
  1087. 36:17months to make because the the book is,
  1088. 36:20you know, this is like a now that uh
  1089. 36:23Warren has written his last shareholder
  1090. 36:25order. So, it's just going to take it's
  1091. 36:26going to be the longest founders episode
  1092. 36:27I ever do. Uh the one the the previous
  1093. 36:30time I did this is still the longest
  1094. 36:31episode I ever did. I think it's like
  1095. 36:33back in the episode in the 80s or
  1096. 36:34something. It's like three hours long.
  1097. 36:36But anyways, I'm reading Warren Buffett
  1098. 36:38Sher Letters many many years ago. And he
  1099. 36:40keeps calling this guy David Ogrev
  1100. 36:41genius. I'm like what the hell is going
  1101. 36:43on here? Who's David Oggovy? So then I
  1102. 36:44look into him, read David Ogrevy, read
  1103. 36:46everything about him, read everything he
  1104. 36:48wrote and he'll like everybody else
  1105. 36:50he'll tell you who his heroes were. And
  1106. 36:52I kind of like chase that, you know,
  1107. 36:54path down. And um there's something in
  1108. 36:58this interaction between Buffett who was
  1109. 37:00a shareholder because Oggov and Mather
  1110. 37:02was a public company and Buffett was
  1111. 37:03making buying up the stock. In fact,
  1112. 37:05interesting enough, Buffett made more
  1113. 37:07money on Oggovy's company than Oggovy
  1114. 37:09did because Oggovie got scared and sold
  1115. 37:10his equity too early before it
  1116. 37:12appreciated. That's interesting. But
  1117. 37:14Buffett was giving them advice because
  1118. 37:15at the time Oggo and Mather was going
  1119. 37:17around and they were on this acquisition
  1120. 37:18spree and they were like buying up all
  1121. 37:19these agencies and Buffett thought that
  1122. 37:23didn't actually make that much sense and
  1123. 37:24he goes instead of buying other agencies
  1124. 37:27why not buy the best agency your own.
  1125. 37:30And he was telling me he's like you
  1126. 37:31should buy back your own stock. Uh I
  1127. 37:33thought that slight tangent but I
  1128. 37:35thought that was really interesting.
  1129. 37:36Another thing that Claude Hopkins
  1130. 37:38repeats over and over again, like let
  1131. 37:40people try your product, give samples,
  1132. 37:42give demonstrations, but there's a right
  1133. 37:43way and a wrong way to do it. I have
  1134. 37:45never found that it paid to give samples
  1135. 37:47to people who do not request it. We must
  1136. 37:49arouse interest in our product before it
  1137. 37:52has value to anybody. I consider
  1138. 37:54promiscuous sampling a very bad plan.
  1139. 37:56Indeed, products handed out without
  1140. 37:59asking lose respect. It is different
  1141. 38:02when you force people to make an effort.
  1142. 38:04So, you put an ad, say, "Hey, if you
  1143. 38:06want to learn more about this or you
  1144. 38:07want to, you know, get a free month or
  1145. 38:08whatever the case is, or I'll send this
  1146. 38:10vacuum cleaner to your house, and you
  1147. 38:11can use it for a month or whatever, and
  1148. 38:13all you have to do is fill out this
  1149. 38:14thing." They're they have to do
  1150. 38:15something first. And make it, you see
  1151. 38:17this online, you give your email,
  1152. 38:18whatever the case is. But it's like,
  1153. 38:20just don't airdrop it on them because
  1154. 38:21this is like, hey, I'm going to send,
  1155. 38:23you know, 3 million vacuum cleaners to
  1156. 38:25people. If you want to use a vacuum
  1157. 38:26cleaner example that he uses in the
  1158. 38:27book, he's like, "What the hell does
  1159. 38:29vacuum cleaner show up my door for?" So
  1160. 38:31that's that would be an example of
  1161. 38:32promiscuous sampling. It's like no just
  1162. 38:34ask them. They have to do a little bit
  1163. 38:36of effort but then give them a lot in
  1164. 38:37return. It is different when you force
  1165. 38:39people to make an effort. Um here we go
  1166. 38:43again. He's already mentioned a dozen
  1167. 38:45variations of this same idea. It's
  1168. 38:47impossible to get to the end of the book
  1169. 38:48or even really the end of this episode
  1170. 38:50with not this this idea being seared
  1171. 38:52into your brain. You cannot go into a
  1172. 38:53welloccupied field on the simple appeal
  1173. 38:55of buy my brand. That is a selfish
  1174. 38:57appeal. It's repugnant. One must offer
  1175. 39:00exceptional service to induce people to
  1176. 39:02change from favorite brands to yours.
  1177. 39:03The usual advertiser does not offer that
  1178. 39:06exceptional service. He's talking about
  1179. 39:07just he's in a C he's in an industry of
  1180. 39:09second rate talent. Uh he says if you
  1181. 39:12give service where others fail to supply
  1182. 39:14it, you can establish a great advantage
  1183. 39:16for yourself. So again goes back to it's
  1184. 39:18not about you, it's about service over
  1185. 39:20and over and over again. Another thing
  1186. 39:22that he says is and they use examples
  1187. 39:26many examples in the book where let's
  1188. 39:28say you have you know Acme furniture
  1189. 39:30company or you have Mrs. Be's furniture
  1190. 39:33mart that if you can give your product
  1191. 39:36and your advertising personality make it
  1192. 39:38an individual so you should be speaking
  1193. 39:40to them as an individual but if it comes
  1194. 39:42from an individual and then hopefully
  1195. 39:44there's a real person behind it. People
  1196. 39:46love companies or excuse me people love
  1197. 39:48people way more than they love
  1198. 39:49companies. And so in one of his brands,
  1199. 39:51he established a personality and it's
  1200. 39:54this guy named Professor Anderson. And
  1201. 39:55there's an actual person behind it,
  1202. 39:57okay? And he says, "I've always done
  1203. 39:59that wherever possible. Personalities
  1204. 40:00appeal why soulless corporations do not.
  1205. 40:03Make a man famous and you make his
  1206. 40:05creation famous. All of us love to study
  1207. 40:07men and their accomplishments." And
  1208. 40:09you're seeing this a lot. Uh my friend
  1209. 40:11Lulu Berve uh advises, you know, many of
  1210. 40:15the tech uh like the most elite founders
  1211. 40:17in tech. She she handles their personal
  1212. 40:19comms and a lot her her manifesto is
  1213. 40:22just like you should go direct like
  1214. 40:23you're the one very similar to the
  1215. 40:25advice that James Dyson's uh mentor gave
  1216. 40:28him you know half a century ago it's
  1217. 40:30like you came up with a product you you
  1218. 40:33know every single in and out of the
  1219. 40:34product you you're the guardian of the
  1220. 40:37company's soul you should be the one
  1221. 40:38doing the selling you should be the one
  1222. 40:40out there making the case for why people
  1223. 40:42should either work for your company buy
  1224. 40:44your product what uh invest in your
  1225. 40:46company all this Uh again, like it's a
  1226. 40:49people relate to people, not companies.
  1227. 40:52Um another thing, prevention is not a an
  1228. 40:57appeal that's going to work that you
  1229. 40:58should be selling painkillers, not
  1230. 41:00vitamins. He made a ton of money off
  1231. 41:02Pepsidant toothpaste, which I'll get to
  1232. 41:04in a minute. And so he's talking about
  1233. 41:06this entire chapter of everything he did
  1234. 41:08for Pepsidin. And he says, "I resolved
  1235. 41:09to advertise this toothpaste as a
  1236. 41:11creator of beauty. The natural idea in
  1237. 41:13respect to a toothpaste at the time was
  1238. 41:15to make it preventative." So, you know,
  1239. 41:17use it now so your teeth don't fall out
  1240. 41:18or your teeth don't decay. He says, "But
  1241. 41:21my experience has taught me that
  1242. 41:22preventative measures were not popular.
  1243. 41:24People will do anything to cure a
  1244. 41:25trouble, but little to prevent it.
  1245. 41:27Countless advertising ideas have been
  1246. 41:28wrecked by not understanding that phase
  1247. 41:30of human nature. Prevention offers
  1248. 41:32slight appeal to humanity in general.
  1249. 41:34They want to be told. People want to be
  1250. 41:36told of rewards. People want to be told
  1251. 41:38the ways to be happy, to be happier, and
  1252. 41:40to be more cheerful, to be more
  1253. 41:41beautiful. This point is important.
  1254. 41:44Every advertising campaign depends on
  1255. 41:46its psychology. Success or failure is
  1256. 41:48determined by the right or wrong appeal.
  1257. 41:50Folks give little thought to warding off
  1258. 41:52disasters. Their main ambition is to
  1259. 41:54attain more success, more happiness,
  1260. 41:56more beauty, more cheer. I recognize
  1261. 41:58that fundamental belief. I've never
  1262. 42:00referred to disasters. I have never
  1263. 42:02pictured the afflicted. Every
  1264. 42:04illustration I've ever used rather
  1265. 42:06showed attractive people and beautiful
  1266. 42:08teeth.
  1267. 42:10And he says,"I made for myself a million
  1268. 42:13dollars on Pepsin." This is an insane
  1269. 42:15amount of money at this time in history,
  1270. 42:16by the way, just because I learned the
  1271. 42:19right human psychology. And then one of
  1272. 42:22my favorite maxims that I've come across
  1273. 42:23is that genius has the fewest moving
  1274. 42:25parts. What I love about Claude Hopkins,
  1275. 42:28and this speaks to also Albert Lasker,
  1276. 42:31because Albert Lasker made more money
  1277. 42:33than everybody advertising, like I've
  1278. 42:34told you a few times already, but he
  1279. 42:35also did in a simple way. He didn't have
  1280. 42:36art departments. He didn't have all the
  1281. 42:38staff. His whole thing was like, well,
  1282. 42:39if I can just write the best, if I can
  1283. 42:41find the best copywriting that increases
  1284. 42:44sales, that's the only thing my business
  1285. 42:47has to do. And so, he just hired and the
  1286. 42:49best copyrighters in the world and let
  1287. 42:50them write copy that made sales and then
  1288. 42:52they made all the money. And he wouldn't
  1289. 42:54even make them work in the office. So,
  1290. 42:56in many times, uh, Hopkins has like a
  1291. 43:00country house and he was talking about
  1292. 43:02earning, you know, hundreds of thousands
  1293. 43:04of dollars a year at the time. So that'd
  1294. 43:06be making, you know, 2030 million,
  1295. 43:08something like that in today's dollars.
  1296. 43:10It's just a lot of money. And he he says
  1297. 43:12it was all earned at a typewriter, which
  1298. 43:14I operated myself without a clerk or a
  1299. 43:16secretary. That's incredible. And then
  1300. 43:18he talks about how he learned how to do
  1301. 43:20this. How have I been able to win from
  1302. 43:21this situation so many great successes
  1303. 43:22simply because I made so many mistakes
  1304. 43:24in a small way and learned something
  1305. 43:26from each. I made no mistake twice.
  1306. 43:29Every once in a while, I developed some
  1307. 43:31great advertising principle that
  1308. 43:33endured. That method costs me an
  1309. 43:36enormous amount of time. More time than
  1310. 43:38other men are apt to devote. Much more
  1311. 43:40time and much more sacrifice than other
  1312. 43:42men are apt to devote. That is the
  1313. 43:44purpose of this autobiography to help
  1314. 43:46other men start where I ended. Goes back
  1315. 43:50to one of his maxims that you should
  1316. 43:52forget yourself entirely. I have seen
  1317. 43:54many an ad killed by a single
  1318. 43:57unfortunate phrase, usually a selfish
  1319. 43:59phrase. Phrases like insist on buying
  1320. 44:01this brand, avoid imitations, look out
  1321. 44:04for substitution. Such appeals have no
  1322. 44:06good effect and they indicate a motive
  1323. 44:09with which buyers cannot sympathize.
  1324. 44:11Forget yourself entirely. Seek in every
  1325. 44:14word to increase your good impression.
  1326. 44:16Say only what you think a good salesman
  1327. 44:19should say if that prospect stood before
  1328. 44:21him. Do not boast. He repeats that over
  1329. 44:24and over again. Do not boast. Not about
  1330. 44:26anything more interesting to you than
  1331. 44:27your prospect. Boasting is repulsive.
  1332. 44:31Another thing that all the great
  1333. 44:32advertisers and copyrighters through
  1334. 44:34history will repeat is once you have an
  1335. 44:36ad that works. Stick to it. Stop
  1336. 44:37changing it. Stop jumping around. They
  1337. 44:39say this over and over again. You see
  1338. 44:40people, modern day people make this
  1339. 44:42mistake over and over again. The um the
  1340. 44:44way that David Oggoy summarized this for
  1341. 44:45me that I never forgot. He says, "You're
  1342. 44:47not advertising to standing army. You're
  1343. 44:48advertising to moving parade." Claude
  1344. 44:50Hopkins says the advertising man clings
  1345. 44:52to the methods he established. He fears
  1346. 44:54to change. He's talking about the good
  1347. 44:55people. As a matter of fact, it's seldom
  1348. 44:57wise to change. The best way to win new
  1349. 45:00customers is usually the way that won
  1350. 45:01millions, but the advertising becomes
  1351. 45:03monotonous to the men who read every ad.
  1352. 45:06They always come to want something new.
  1353. 45:09So, his whole point is like you should
  1354. 45:10stick with what you're work stick with
  1355. 45:12what is working. Don't let that your
  1356. 45:15impression clouds effectiveness. You're
  1357. 45:17reading every single ad, but your
  1358. 45:19customers are not. You're advertising.
  1359. 45:21You aren't advertising to standing army.
  1360. 45:23You're advertising to a moving parade.
  1361. 45:25Uh then he also talks about the fact
  1362. 45:27that if you're staying close to the
  1363. 45:28money and you're increasing sales, you
  1364. 45:30will be very very rich. But you have to
  1365. 45:32capture the value you help create. So he
  1366. 45:34talks about with Pepsid and toothpaste,
  1367. 45:36he's like, "Hey, I know my
  1368. 45:37copyrightiting and my advertising is
  1369. 45:38going to increase your sales and I'm
  1370. 45:40going to put my money where my mouth
  1371. 45:41is." So he goes, "I bought shares at the
  1372. 45:43beginning of the project for $13,000."
  1373. 45:46Okay? So I'm I'm going to put up 13
  1374. 45:49grand. I'm going to buy your own buy
  1375. 45:51your shares, right? And my advertising
  1376. 45:53is going to make that more value. at
  1377. 45:5513,000 for that those shares. It paid
  1378. 45:57him $200,000 of dividends. And then he
  1379. 45:59also sold that that 13,000 many years
  1380. 46:01later for $500 grand. Goes back to the
  1381. 46:04importance of focusing of spending more
  1382. 46:06hours focused on one thing. If you have
  1383. 46:08this singular focus like Claude Hopkins
  1384. 46:10had, you will derive insights to the
  1385. 46:12people that did not dedicate all the
  1386. 46:13time and effort and midnight oil that
  1387. 46:15you did. They'll never get the same uh
  1388. 46:18knowledge. They won't have the same
  1389. 46:20insights. They just will not have the
  1390. 46:22same effectiveness as you do. I've
  1391. 46:23always been an addict to work. I love
  1392. 46:25work as other men love play. It is both
  1393. 46:27my occupation and my recreation. As a
  1394. 46:29boy, the necessity for self-sport after
  1395. 46:31school hours kept me from the
  1396. 46:32playgrounds. As a man, my desire to
  1397. 46:34learn all that I could about
  1398. 46:35salesmanship has kept me from wasting
  1399. 46:37time. The only game I ever learned is
  1400. 46:40business. To me, it has been all
  1401. 46:42absorbing. And then I reference that
  1402. 46:43Claw just writes in a very simple way.
  1403. 46:46He doesn't kind of hide his points from
  1404. 46:47me at all. He has a chapter in
  1405. 46:48scientific advertising that's called
  1406. 46:50just salesmanship. And that's he's like
  1407. 46:52that's all advertising is. Advertising
  1408. 46:54is salesmanship. Its principles are the
  1409. 46:55principles of salesmanship. Thus, every
  1410. 46:57advertising question should be answered
  1411. 46:59by the salesman's standards. Advertising
  1412. 47:01is multiplied salesmanship. It may
  1413. 47:04appeal to thousands while the salesman
  1414. 47:06will talk to one. A mediocre salesman
  1415. 47:08may affect a small part of your
  1416. 47:10business. Mediocre advertising affects
  1417. 47:12it all. And so he continues, there's one
  1418. 47:15simple and right way to answer many
  1419. 47:16advertising questions. Ask yourself,
  1420. 47:18would this help a salesman sell the
  1421. 47:19goods? Would it help me sell if I met
  1422. 47:22the buyer in person? Some tell you to be
  1423. 47:25very brief that people will read but
  1424. 47:27they'll read very little. Would you say
  1425. 47:29that to a salesman with prospects
  1426. 47:31standing before him? Would you confine
  1427. 47:33him to a certain number of words? That
  1428. 47:35would be an unthinkable handicap.
  1429. 47:37Consider them as prospects standing
  1430. 47:39before you. So it goes back to again
  1431. 47:41that idea advertising the salesman
  1432. 47:42salesmanship.
  1433. 47:44All your ad should be like directed to
  1434. 47:46one person as if that person was
  1435. 47:47standing in front of you. They've
  1436. 47:49expressed interest already, right?
  1437. 47:50That's what your headline grabbed them
  1438. 47:52or your the image that you use grabbed
  1439. 47:53them. Now that you have their attention,
  1440. 47:55how would you talk to them if they're
  1441. 47:56just one person? Don't speak to them in
  1442. 47:58mass. Consider them a mess. I love this
  1443. 47:59idea. Consider them as pro prospects
  1444. 48:01standing before you seeking information.
  1445. 48:04Give them enough to get action. So this
  1446. 48:06idea of like, hey, everybody says
  1447. 48:08they're not going to read or they won't
  1448. 48:09listen to watch a commercial, whatever
  1449. 48:10the case is. It's like people will give
  1450. 48:12time to what they're interested in if
  1451. 48:14you make it interesting too. And the
  1452. 48:16line that uh Claude Hopkins uses on this
  1453. 48:19that David Ogre would repeat is that the
  1454. 48:20more you tell, the more you sell. In
  1455. 48:22fact, in some cases, their most
  1456. 48:24successful ads are like 15,000 words
  1457. 48:28long, but it's an interesting story,
  1458. 48:31interesting information about a product
  1459. 48:32that the person's already indicated
  1460. 48:34interested in because they they read the
  1461. 48:36headline and decided to read the body
  1462. 48:37copy. Do not think of people in mass.
  1463. 48:39It's like over and over again. Just says
  1464. 48:41the same stuff. Think of a typical
  1465. 48:43individual who is likely to want what
  1466. 48:45you sell. Money spending is a serious
  1467. 48:47matter. Do not boast. He said that
  1468. 48:49before. Don't try to show off. Do what
  1469. 48:51you think a good salesman should do with
  1470. 48:53a halfsold person before him. The
  1471. 48:56advertising man studies the consumer. He
  1472. 48:59tries to place himself in the position
  1473. 49:01of the buyer. His success largely
  1474. 49:04depends on doing that to the exclusion
  1475. 49:06of everything else. Now he has another
  1476. 49:10chapter. We're in scientific advertising
  1477. 49:11which is if you buy the his audio book
  1478. 49:13he includes scientific advertising in
  1479. 49:15the back of this book and he has a
  1480. 49:17chapter again the chapters are very
  1481. 49:18simple and I think it really illustrates
  1482. 49:20the principles that he think are he
  1483. 49:21thinks are very important the ones that
  1484. 49:22he learned for decades of experience.
  1485. 49:24Offer service
  1486. 49:26remember that people you address are
  1487. 49:27selfish we all are. They care nothing
  1488. 49:29about your interest or your profit. They
  1489. 49:31seek service for themselves. Ignoring
  1490. 49:33this fact is a common mistake and it's
  1491. 49:35very costly in advertising. Ads say in
  1492. 49:37effect, "Buy my brand. Give me the trade
  1493. 49:39you give others. Let me have the money."
  1494. 49:41This is not a popular appeal. The best
  1495. 49:43ads ask no one to buy. The ads are based
  1496. 49:46entirely on service. They offer wanted
  1497. 49:48information. They cite advantages to
  1498. 49:49users. Some of these ads can seem
  1499. 49:51altruistic, but they are based on a
  1500. 49:53knowledge of human nature. The writers
  1501. 49:55of those ads know how people are led to
  1502. 49:58buy. The good salesman does not say,
  1503. 50:00"Buy my product." He pictures the
  1504. 50:02customer side of his service until the
  1505. 50:04natural result is to buy. And so he
  1506. 50:06gives this example of at the time this
  1507. 50:09guy made hair brushes, right? And his
  1508. 50:11distribution strategy is he hired 2,000
  1509. 50:14door-to-dair salespeople, but they
  1510. 50:15didn't knock on the door and say, "Hey,
  1511. 50:16look, I have a brush. Do you want, you
  1512. 50:18know, try to brush your hair? It brushes
  1513. 50:20your hair better. It does XYZ." This is
  1514. 50:22very fascinating. So he says he is
  1515. 50:24enormously successful in an industry
  1516. 50:26which would seem very difficult and it
  1517. 50:28would be if his men ask the housewives
  1518. 50:30to buy. Remember he said the best ads
  1519. 50:31ask no one to buy. But they don't. They
  1520. 50:34go door todo and say, "I was sent here
  1521. 50:36to give you a brush. I have samples here
  1522. 50:39and I want you to take your choice." In
  1523. 50:41picking out one brush, she sees several
  1524. 50:44that she wants. She's also anxious to
  1525. 50:47reciprocate the gift. So, the salesman
  1526. 50:49gets an order. And this is the summary
  1527. 50:52of the chapter. People can be coaxed but
  1528. 50:54not driven. Whatever they do, they do to
  1529. 50:57please themselves. Many fewer mistakes
  1530. 50:59would be made in advertising if these
  1531. 51:01facts were not forgotten. You know how
  1532. 51:04it's funny how he says, "Hey, don't
  1533. 51:05change your ads. Just repeat it over and
  1534. 51:07over again. The best way to get new
  1535. 51:08customers is the way that you got the
  1536. 51:10customers before them." Uh the fact that
  1537. 51:12he just repeats these ideas. He he used
  1538. 51:14that same idea because he just repeats
  1539. 51:15them these same ideas over and over
  1540. 51:17again throughout the book. And so a few
  1541. 51:18pages later, he says, "The motto is the
  1542. 51:20more you tell, the more you sell." It
  1543. 51:21has never failed to prove out in any
  1544. 51:24test we know. It's almost like he's like
  1545. 51:26wondering if you're paying attention
  1546. 51:27because he'll say the same idea.
  1547. 51:29Sometimes he uses different words, but
  1548. 51:30it'll illustrate the same concept over
  1549. 51:32and over again. And then he gets to
  1550. 51:34headlines and this is what uh sparked my
  1551. 51:36initial interest. And it's like, you
  1552. 51:37know, I'm obsessed with the the best and
  1553. 51:39most memorable way to essentially
  1554. 51:42distill down an idea, which I think you
  1555. 51:44and I do a lot on this podcast together.
  1556. 51:46Uh, one one of the things that I
  1557. 51:47stumbled upon was when I was reading the
  1558. 51:49the autobiography, the Four Seasons, the
  1559. 51:51founder of Four Seasons, Isidor Sharp.
  1560. 51:53And he described, you know, he talks
  1561. 51:55about the process of of building one of
  1562. 51:57the most valuable and historic brands of
  1563. 51:59all time, companies of all time. And he
  1564. 52:01kind of summarizes in one word for us.
  1565. 52:02He says, "Excellence is the capacity to
  1566. 52:04take pain." And if you read that book
  1567. 52:06really is just all the pain that he had
  1568. 52:09to persevere through to get to the other
  1569. 52:11side of this thing. He started wanted to
  1570. 52:13build he had this ridiculous idea at the
  1571. 52:15time what other people thought
  1572. 52:16ridiculous like I'm going to build the
  1573. 52:17most premier luxury hotel brand in the
  1574. 52:19world and I've never built a hotel
  1575. 52:21before so obviously between that thought
  1576. 52:24and the realization of that dream is
  1577. 52:25going to be a lot of pain and a lot of
  1578. 52:27people obviously run from that pain and
  1579. 52:28can't persevere through it. So
  1580. 52:29excellence, capacity to take pain. And
  1581. 52:31so what spawned me and I had this idea,
  1582. 52:34I was thinking about it this week about
  1583. 52:35why I wanted to read scientific
  1584. 52:37advertising was for Claude Hopkins
  1585. 52:39insights on headlines. And so this is
  1586. 52:40the chapter on headlines. The purpose of
  1587. 52:42a headline is to pick out people you
  1588. 52:44could interest. You wish to talk to
  1589. 52:45someone in a crowd. So the first thing
  1590. 52:47you say is, "Hey there, Bill Jones." to
  1591. 52:49get the right person's attention.
  1592. 52:51Headlines on ads are like headlines on
  1593. 52:53news items. Nobody reads a whole
  1594. 52:55newspaper. We pick out what we wish to
  1595. 52:57read by headlines. And we don't want
  1596. 52:59those headlines to be misleading. The
  1597. 53:01writing of headlines is one of the
  1598. 53:03greatest journalistic arts. They either
  1599. 53:05conceal or reveal an interest. Always
  1600. 53:09bear these facts in mind. People are
  1601. 53:11hurried. They want to be amused or
  1602. 53:13benefited. There may be products which
  1603. 53:16interest them more than anything else,
  1604. 53:17but they will never know it unless the
  1605. 53:19headline tells them. The writer of this
  1606. 53:22chapter, meaning himself, spends far
  1607. 53:23more time on headlines than on writing.
  1608. 53:26Oggov said the same thing. He said
  1609. 53:28something like um 80 80 or 90% of people
  1610. 53:32will read the headline than the body
  1611. 53:37copy. So therefore it follows that you
  1612. 53:39should spend the majority of your time
  1613. 53:41writing the headline. Right? So he says
  1614. 53:43I spend more for more time on headlines
  1615. 53:46than on writing. Uh I often spend hours
  1616. 53:48on a single headline. Often scores of
  1617. 53:50headlines are discarded before the right
  1618. 53:51one is selected for the entire return
  1619. 53:54from an ad depends on attracting the
  1620. 53:56right sort of readers. The best of
  1621. 53:58salesmanship has no chance whatever
  1622. 54:01unless we get a hearing. So his point is
  1623. 54:04that what's the point of explaining your
  1624. 54:06product or describing the benefits,
  1625. 54:08right? The headline gets them
  1626. 54:11interested. It is the door that opens
  1627. 54:13up. So they come inside and they
  1628. 54:14actually like read and and and this case
  1629. 54:18listen or watch or whatever the case is
  1630. 54:20about your product, right? The way I
  1631. 54:23think about this and why it has to be
  1632. 54:24entertaining and can't be misleading.
  1633. 54:27Oh, David Olby has another great maxim.
  1634. 54:28He says we can't save souls in an empty
  1635. 54:30church. Right? This is what infuriates
  1636. 54:32me about other like business podcast for
  1637. 54:34example. I think entrepreneurship is the
  1638. 54:36most fascinating subject in the world. I
  1639. 54:37think founders, people that create
  1640. 54:38things that did not exist in the world
  1641. 54:40are the most important people in the
  1642. 54:41world. It is there all kinds of crazy
  1643. 54:44characters and stories and fascinating
  1644. 54:46ideas they have and the way they live
  1645. 54:47their lives. It's insane. I'm still this
  1646. 54:49podcast was started next month. So
  1647. 54:52September 2016 was when I started
  1648. 54:54Founders. So that's what a month from
  1649. 54:55next month. It be 10 years. I am still
  1650. 54:58I'm more interested in entrepreneurship
  1651. 54:59today than I was when I started. I don't
  1652. 55:01think I'll ever not be interested in it.
  1653. 55:03How the hell you make that subject
  1654. 55:04boring? It's insane to me. So you can't
  1655. 55:07say souls in an empty church. We can
  1656. 55:09educate and inspire, right? But like the
  1657. 55:12first thing you have to do is entertain
  1658. 55:13before you educate and inspire. So I
  1659. 55:15think that's what they're hitting out
  1660. 55:16here. It's like you have to figure out
  1661. 55:18what is the headline. What is the hook
  1662. 55:19that's going to get people interested in
  1663. 55:21what you want to teach them about? And
  1664. 55:23in his case, like he's writing for for
  1665. 55:25products. Those products, all product is
  1666. 55:27some is an idea that makes somebody
  1667. 55:29else's life better. So spend a lot of
  1668. 55:31time figuring out what that main appeal
  1669. 55:33is to your your um your your prospect
  1670. 55:36your the customer that you want to
  1671. 55:38actually buy you and and you do that
  1672. 55:40obviously through a lot of research. He
  1673. 55:41talks about that a lot too. But the
  1674. 55:42reason this is so important and I think
  1675. 55:45what's one of the best examples of this
  1676. 55:46when he just said hey um you know uh
  1677. 55:49spend so much time on a single headline
  1678. 55:52uh the entire return could depend on
  1679. 55:55just attracting the right person and you
  1680. 55:58do that through the headline. I don't
  1681. 55:59know why but when I read that I think of
  1682. 56:01what Steve Jobs did with the iPod. He
  1683. 56:03it's like he explained the the entire
  1684. 56:05value prop in a handful of words.
  1685. 56:06Thousand songs in your pocket. That
  1686. 56:09peaks you up. It gets me interested.
  1687. 56:10What? I want a thousand songs in my
  1688. 56:11pocket. How is that even possible?
  1689. 56:12What'd you make? Then I'll listen to
  1690. 56:14your whole presentation and I'll watch
  1691. 56:15the product demo or read the ad or
  1692. 56:17whatever the case is. I think it's
  1693. 56:18really really fascinating. So again,
  1694. 56:20salesmanship has no chance whatsoever
  1695. 56:22unless we get hearing. You can't save
  1696. 56:23souls in an empty church. The identical
  1697. 56:25ad run with various headlines differs
  1698. 56:27tremendously in its returns. It's not
  1699. 56:28uncommon for a change in headlines to
  1700. 56:30multiply returns from five to 10 times
  1701. 56:33over. So Claude Hopkins says changing
  1702. 56:35the headline can multiply returns by
  1703. 56:36five to 10 times. in Ogrey's books which
  1704. 56:38are written probably two or three
  1705. 56:40decades after this one he says uh he's
  1706. 56:43seen 19 to1 a difference it's insane
  1707. 56:47returns vary enormously due to headlines
  1708. 56:50address the people you seek and them
  1709. 56:53only he will return to this idea later
  1710. 56:56then he talks about psychology which he
  1711. 56:58again he has entire chapters on this
  1712. 56:59this is very very important the
  1713. 57:00competent advertising man must
  1714. 57:02understand psychology human nature is
  1715. 57:04perpetual it is the same today in
  1716. 57:06today's time as it was in in the time of
  1717. 57:07Caesar. So the principles of psychology
  1718. 57:09are fixed and enduring. You will never
  1719. 57:11need to unlearn what you learn about
  1720. 57:12them. We learn for instance that
  1721. 57:15curiosity is one of the strongest human
  1722. 57:16incentives. We employ it whenever we
  1723. 57:19can. So then he gives some examples of
  1724. 57:22these psychological quirks that uh we
  1725. 57:24endure and you'll see over and over
  1726. 57:26again. People judge things largely by
  1727. 57:29price. Uh so he gives this example where
  1728. 57:31there this painting was announced that
  1729. 57:33it cost $750,000.
  1730. 57:36before you tell people that that
  1731. 57:38painting cost $750,000 which at the time
  1732. 57:41you know would be let's say 100 million
  1733. 57:42today. I'm just making the number up but
  1734. 57:43a big number right says most people pass
  1735. 57:46it by don't even give it a second glance
  1736. 57:48then you tell them hey that painting 750
  1737. 57:51grand uh and they learn what the
  1738. 57:53painting costs they return and then
  1739. 57:55surround it actually creates a crowd
  1740. 57:58because it's so expensive. Another thing
  1741. 58:00that he found was that we are tribal by
  1742. 58:03nature and we like to belong to groups.
  1743. 58:06So he says it is found that if an offer
  1744. 58:09is limited to a certain class of people,
  1745. 58:11it is far more effective than a general
  1746. 58:12offer. For instance, an offer limited to
  1747. 58:15veterans of the war or to members of a
  1748. 58:17lodge or to executives. Those who are
  1749. 58:19entitled to any seemingly advant
  1750. 58:21advantage by being part of a group will
  1751. 58:23go long way not to lose that advantage.
  1752. 58:27Another one, an identical offer. And he
  1753. 58:30he makes this he makes this point again
  1754. 58:32about why like again just slight
  1755. 58:35slightly different positioning on the
  1756. 58:36same ad is so important. He goes these
  1757. 58:38things are very important. An identical
  1758. 58:39offer made in different ways may bring
  1759. 58:41multiplied returns and that could be
  1760. 58:43thorough. Something like changing that
  1761. 58:44the the headline could be changing the
  1762. 58:46way it's presented. It could be changing
  1763. 58:48the fact that it needs to belong to a
  1764. 58:49specific group or could it even be more
  1765. 58:51expensive. Another way to uh increase
  1766. 58:54and multiply the returns of your
  1767. 58:56advertising is you be specific. Use
  1768. 58:58actual numbers. And he gives great
  1769. 59:00examples here. So you'll see this like
  1770. 59:02hey you go into some town it's like
  1771. 59:04we're the best cheesecake in the world
  1772. 59:05or something like that. Says platitudes
  1773. 59:07and generalities roll off to human
  1774. 59:08understanding like water from a duck.
  1775. 59:10They have no impression whatsoever. To
  1776. 59:12say best in the world, lowest prices,
  1777. 59:14etc. are all at best simply claiming the
  1778. 59:17expected. A definitive statement is
  1779. 59:19usually accepted. However, actual
  1780. 59:22figures are not genuinely discounted.
  1781. 59:24Specific facts have their full weight
  1782. 59:26and effect. The weight of an argument
  1783. 59:28may often be multiplied by making it
  1784. 59:30specific. So, he gives an example of a
  1785. 59:33lot of people would sell uh clothing,
  1786. 59:35for example, and they would say, "Hey,
  1787. 59:36we have the lowest prices in America."
  1788. 59:38That's not really an effective appeal.
  1789. 59:40One guy who was selling a bunch of
  1790. 59:42clothing says, "My net profit is 3%."
  1791. 59:45That was a definitive statement and it
  1792. 59:47proved very impressive. So again,
  1793. 59:50essentially illustrating the same idea
  1794. 59:52like we have really low prices. We're
  1795. 59:53saying low price in America. Okay, I
  1796. 59:55only make 3% profit. What if you're a
  1797. 59:57customer? It's like, okay, that that's
  1798. 59:58pretty wild. That means they're barely
  1799. 1:00:00scraping by. I probably can't get this
  1800. 1:00:03article of clothing for cheaper than
  1801. 1:00:05anybody else that it's essentially
  1802. 1:00:06selling at almost no profit margin.
  1803. 1:00:08Gives another example of people, a lot
  1804. 1:00:10of different people selling razors to
  1805. 1:00:12shave your face. Many uh makers of
  1806. 1:00:14razors have long advertised quick
  1807. 1:00:16shaves. One maker advertised a 78 second
  1808. 1:00:19shave. That was the definitive
  1809. 1:00:21statement. It indicated actual test
  1810. 1:00:23results. That man made a sensual
  1811. 1:00:26sensational advance in his sales. And
  1812. 1:00:28then he goes back to the importance of
  1813. 1:00:30headlines. And this is a great way of
  1814. 1:00:31summarizing his main idea. Your main
  1815. 1:00:34appeal should lie in your headline.
  1816. 1:00:36Whatever promise, the best promise that
  1817. 1:00:38you have, which is the actual benefit
  1818. 1:00:41that the customer gets from using your
  1819. 1:00:43product, make sure it's in the headline.
  1820. 1:00:46Go back to Steve Jobs. 10,000 songs in
  1821. 1:00:48your pocket. His main appeal was in the
  1822. 1:00:51headline. And then he ends with effort.
  1823. 1:00:54An ad writer to have a chance of success
  1824. 1:00:56must gain full information on his
  1825. 1:00:58subject. A painstaking advertising man
  1826. 1:01:01will often read for weeks on some
  1827. 1:01:03problem which comes up. Perhaps in many
  1828. 1:01:06volumes he will find few facts to use,
  1829. 1:01:08but some one fact may be the keystone of
  1830. 1:01:12his success. to advertise a toothpaste.
  1831. 1:01:15This writer has also read many volumes
  1832. 1:01:18of scientific matter that was dry as
  1833. 1:01:20dust. But in the middle of one volume,
  1834. 1:01:23he found the idea which has helped make
  1835. 1:01:25millions for that toothpaste maker.
  1836. 1:01:28Genius is the art of taking pains. That
  1837. 1:01:31is too good not to say again. Genius is
  1838. 1:01:34the art of taking pains. The advertising
  1839. 1:01:37man who spares the midnight oil will
  1840. 1:01:39never get very far. Let me interrupt
  1841. 1:01:41this where he says, "Hey, I'm reading
  1842. 1:01:43through volume after volume of this
  1843. 1:01:45scientific matter. It's dry as dust.
  1844. 1:01:47It's boring, but I just found one single
  1845. 1:01:49sentence, one idea that was the basis,
  1846. 1:01:51the cornerstone of this advertising
  1847. 1:01:53campaign that made my customer, my
  1848. 1:01:56client millions." Olgvie said this, had
  1849. 1:01:58the same thing happen. He was reading
  1850. 1:02:00through hundreds of pages, if I remember
  1851. 1:02:01correctly, about his co his customer
  1852. 1:02:03Rolls-Royce, and he said it was in like
  1853. 1:02:05some obscure engineering document.
  1854. 1:02:07Wasn't even meant for consumption of
  1855. 1:02:08advertising. had it wasn't even meant to
  1856. 1:02:10be seen by the outside world. And he
  1857. 1:02:12found a line that was the basis for one
  1858. 1:02:15of his most successful advertising
  1859. 1:02:16campaigns of all time. And it says at 60
  1860. 1:02:18m an hour, the loudest noise in this new
  1861. 1:02:21Rolls-Royce comes from the electric
  1862. 1:02:23clock. Genius is the art of taking pain,
  1863. 1:02:27the advertising man who spares the
  1864. 1:02:28midnight oil will never get very far. An
  1865. 1:02:31advertising campaign is usually preceded
  1866. 1:02:34by a very large volume of data. The
  1867. 1:02:37uninformed would be staggered to know
  1868. 1:02:39the amount of work involved in a single
  1869. 1:02:41ad. Weeks of work. The ad seems so
  1870. 1:02:44simple and it must be simple to appeal.
  1871. 1:02:48But back of that ad may lie reams of
  1872. 1:02:51data, volumes of information, and months
  1873. 1:02:54of research. This is no lazy man's
  1874. 1:02:58field. And that is where I'll leave it.
  1875. 1:03:00highly recommend reading both his
  1876. 1:03:02autobiography, My Life and Advertising,
  1877. 1:03:04and his book on advertising called
  1878. 1:03:06Scientific Advertising. That is 4 and 30
  1879. 1:03:09books down, 1,000 to go. And I'll talk
  1880. 1:03:11to you again soon.

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