Episode Details

The bikini concept or bikini principle works on a simple idea. That by giving away 90% of the concept, and keeping 10%, the attraction factor is just as strong, if not twice as strong. And yes, what the bikini didn't reveal, was the part the audience most want, and was the part they were willing to pay for. The same applies to your information products, webinars, workshops and yes, presentations.

To find more podcast options, go to http://www.psychotactics.com/magic

To get a short, yet beautiful headline report on "Why Headlines Fail", go to http://www.psychotactics.com

-----------------------

Time Stamp

00:00:20 Introduction: Bikini Principle

00:05:33 How The Brain Audit Workshop Helped

00:07:57 What You Can Give Away And What You Can Sell

00:09:20 Summary

00:11:04 Action Plan

---------------

Transcript

It's hard to think of a bikini when you are in a classroom and you're giving a speech and then someone asks you a question, but that's exactly what happened and how we came upon what we call the bikini principle. This bikini principle became one of the most read, most ever. The reason why it became so popular is probably because of the bikini, but also because it underlines a concept that's so obvious, and we probably are too scared to admit that it works.

What is this bikini principle?

To understand the bikini principle I have to go back in time. I have to go back all the way the Pittsburgh. Now Pittsburgh is a city in the United States; it's on the east coast. I had been invited to speak at an event. As it happened, we had just started Psychotactics.com a couple of years before that and I had written this book called The Brain Audit. The way I'd go about my speeches is I would cover only three things. I still do that; I still cover only three elements even in this podcast.

The point was that in The Brain Audit the book consists of seven bags or seven elements. When I covered those three elements, of course everyone would be very interested in the elements and then they would ask the inevitable question. The question was: If you've told us about the three red bags, and there are seven red bags in The Brain Audit, what are the remaining red bags about?

I was always un-eager, as it were, to answer this question. I was very reluctant because somehow I felt I was giving away the plot. I was giving away everything and then there would be no reason for the customers to buy anything. I was giving away all the seven red bags now, but if I gave away just three then maybe, just maybe, they would buy the book because that way they would have to find out what the rest of the red bags were.

Now one of the people at this event was quite adamant. He was like "But surely you can tell us what the four red bags are about." Very reluctantly, I did. I put it up on the board and I explained what they were. I told them the seven red bags are the problem, the solution, the target profile, the objections, the risk reversal, the testimonials, and uniqueness. I laid it out for them and I thought that's it. I'm going back; I'm not going to sell anything; I've told them everything I know.

Incredibly, we had the best sales ever. Of course we've gone on to sell a lot more since then but back then we were just starting out. It stunned me how many products we sold on that day. When I got back to New Zealand I wrote about it. I called it the bikini principle. It's not very hard to understand where that idea comes from. The bikini hides just a few parts, but what it reveals is enormous, and yet it's just the few hidden parts that make it so sexy. In effect, revealing a lot more wasn't causing customers to buy less.

Instead, they were buying more. That