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Flat serene lake at sunset

If You Fish With a Hot Dog...

November 09, 20233 min read

I remember when I was a kid, I occasionally caught a fish while fishing with a piece of hot dog, but I soon found out that didn’t happen as often as I would like. I often wondered why, and it wasn’t until I started watching TV fishing shows and reading magazines that I figured out that I actually needed to target different species of fish and fish specifically for them. Once I became focused on what I was specifically trying to catch, my success rate increased. I occasionally caught other non-targeted species, and these were great additions to my target.

When I initially got into sales, my success was very similar to that child sitting on a dock, dunking a hot dog under a bobber. I sold something occasionally, but I never really targeted whom I was selling to and why I was selling to them.

Like a lot of people, I attended a lot of networking events – you know the ones. Instead of trying to build a network of strategic alliances, you had people try to sell you, their product. One of my favorite things to do was ask those people who their target prospects were and 100% of the time I got the hot dog under the bobber answer: “EVERYONE!” I laughed. They were just like the 5-year-old Mike, sitting on a dock dunking a hot dog under a red and white bobber, hoping to catch something.

In the fall of 2012, I was on a mentorship call with Ed DeCosta. Ed shared the perfect exercise on how to target your clients with laser type precision. Ed said, “I am only going to give you one way to attract clients, and that is via billboard. It will be placed in a busy part of town where the speed limit is 20 miles per hour. Now you have 20 seconds to grab your customers’ attention. Who are they and what will get their attention enough to reach out to you?”

My mind started racing, and I was focused on trying to figure out who to focus on. This was in the In-Fisherman TV show. I now knew that I had to become targeted on who my target market was. Were they Men? Women? Young? Old? The possibilities seemed endless, but I knew they were very important.

My question to you, my reader, is this:

How targeted are you in your sales approach? Are you going after the exact client base you want, or are fishing with the hot dog hoping to catch something?

Fishing and sales can be both easy and/or complicated. You can chase steelhead in the Pacific Northwest with a Spey rod with its elaborate casts and flies, or you can catch bluegills with your child using a worm and a small hook. One of the most memorable fish that I caught was a 40lb Mahi-Mahi in Islamorada, Florida. We saw the fish and knew exactly what the target was; we chose the proper gear for the fight and a live ballyhoo as bait. From there it was simple; put what the fish wanted to eat in front of it and it ate. When it comes to sales, once you know exactly who your clients are and what they want, you can easily give it them.

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Testimonial Scroller

Rob Murphy

CFO, EA, CEPA

"Working with Michael Rager in the Profit Accelerator coaching program has been a transformative experience. His expertise and personalized guidance have revolutionized my marketing efforts, enabling me to streamline processes, identify growth opportunities, and make informed choices in connecting with my audience. Michael's exceptional communication skills and unwavering support create a dynamic learning environment that fosters growth. I wholeheartedly recommend Michael Rager's coaching to entrepreneurs aiming to accelerate profits and achieve their goals. It's an investment that yields long-lasting results."

"

Max Dunlap

Manager at Reimer McGuinness Hess PC

"I met Michael at a Whiteboards and Whiskey event and we hit it off. He started working with our firm to help us implement our long-term vision. He is very good at getting to the heart of an issue and bypassing the extraneous fluff or noise. He's been meeting quarterly with our management team and helping to make sure we are accountable for the tasks and initiatives we have committed to. He's been very direct at pointing out areas where we need to improve our processes and where we should direct our focus and energy in order to make our company successful. With his help, we are on track for our second year in a row of record revenues."

"

Susan Child

Manufacturing Partner (Box Builds, PCBA, Prototypes, Assembly, Full Turn-key Solutions)

"Michael is an outstanding listener and mentor. He truly listens to his clients and pushes them to answer sometimes hard questions. He is passionate about what he does and enjoys seeing the progress and growth within the companies that he consults with. It is a true pleasure to work with him!"

"

Manuel Gonzalez

District Service Manager at Hologic, Inc.

"Michael did a great job of helping me get started as a new business owner. He helped me focus on areas of the business I would not think to pay attention to. He also helped hold me accountable to ensure I was continuing to grow my overall business. Thanks for all the help, Mike!"

"

Phillip Hammett

"Mike knows what questions to ask to really understand your business and will teach you how to leverage your data to improve efficiency in all processes to create more sales. He does a great job of listening and tailoring advice to your specific needs."

"

Mandy Bennett Niscavits

Owner, d'lish catering inc.

"Mike is an enthusiastic, detail-oriented leader who pushes you, the business owner, in the right direction. I can say from my experience that Mike has taught me numerous lessons in dealing with my staff as well as growing my business. I have been very pleased with the service that business coaching provides in addition to the confidence he has bestowed in my new business ventures! I would recommend Mike as a business coach, financial advisor, or a fishing consult— and I have, and plan to again and again."

"

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