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720: Jeff Abraham | How to Build the Most Trusted Brand in Your Market
Description
From designing computer chips and retiring early to becoming CEO of a sexual wellness company, Jeff Abraham has possibly one of the most unique stories I’ve ever heard.
Jeff is the CEO of the sexual wellness brand Promescent. Over the last 4 years, he's transformed Promescent from a single product brand to a leader in the industry. Backed by over 2000 healthcare professionals in the US alone, with over 1,000,000 bottles sold, Promescent has successfully captured the hearts of a loyal audience.
Dive in and learn how Jeff took a brand entirely outside of his expertise and turned it into the most trusted brand in its market.
Things you will learn in this episode:
[00:01 - 05:18] Opening Segment
- I introduce today’s guest, Jeff Abraham
- Jeff gives a bit of his background
- From designing computer chips to sexual wellness
- How Jeff got into the company and became a CEO at 53
[05:19 - 28:59] How to Build the Most Trusted Brand in Your Market
- Jeff shares insights about running a company different from his experience
- Your brand is never the only option
- First - match the quality of what is in the market
- Next - make sure people like and trust you
- People buy from personality - be likable and entertaining
- Getting people to like you
- Make everything you do ethical
- It’s not success if you get it dishonestly
- How Jeff brought elegance to the product
- Show people you’re a cut above
- Why Jeff changed the name of the organization
- How the product works
- Solving a real problem while taking the “shame” out of it
- Jeff’s initial strategy to balance building the product vs. pushing its marketing
- 80/20 rule - 80% building with 20% ad spend
- Implementing a “no instant gratification” rule
- Building the foundation of the business
- Reading the trends of your audience
- Reaching milestones as a business
- Always outperform the next goal
- A quick word from our sponsor
[29:00 - 43:34] Protecting Your Brand and Building Its Legacy
- Jeff talks about diversifying your business
- You will sell when people trust you
- Understand what your audience wants
- Jeff explains the reasons behind the products they put out
- The importance of having a formula for your business
- Why does your company exist? What makes you different?
- Ex: We will only release a product that we know works
- People will reach out to you when they know your brand is trusted
- Jeff shares about the tragedy of the founder of the company
- Deciding to build a legacy in his stead
[43:35 - 48:44] Closing Segment
- Jeff talks about the future of Promescent
- Getting into all Wall-Mart stores
- Releasing products for easy use
- Looking to grow and put it in the hands of another company
- Finding someone who shares the same vision
- ThE RaNDoM RoUnD
- How to connect with Jeff
- Links below
- Final words
Tweetable Quotes:
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