DRAFT — assembled from the store. Every element is read from the library; the video is cued to a coded passage.
Exponential Entrepreneurs

The 97  ›  Strategy 31  ›  Week 9

Friction Factors

The point

You have already paid for the buyer. Then your own process makes them work for the privilege.

Jay Abraham · Two Day Rapid-Result "Instant Immersion" — Day 1 Cued to 4:07:53 8 min 38 sec loading…

Why it matters

A meaningful share of the people who wanted to buy from you this year did not, and the reason was neither price nor competition. It was something in your own process that made it slightly too hard.

Friction factors are the most under-examined losses in business because they are invisible from inside. Nobody writes to tell you they gave up. They simply stop, and the absence looks exactly like ordinary market conditions.

A form asking for eleven pieces of information when four would do. A phone number that rings into a menu at the moment somebody has decided to buy. A quote that takes four days when the decision was live on Tuesday. Terms written by a lawyer for a lawyer. A payment page that demands an account before it will take money.

Here is what makes friction so expensive: you have already paid for all of it. The advertising that brought them, the reputation that persuaded them, the years of work that earned their trust — every penny already spent by the time somebody meets your form. It is the only category of loss where you pay the full acquisition cost and then throw the buyer away yourself.

The mistake almost everyone makes

Improving the clumsy step rather than deleting it. Every improvement keeps the step, and the step was the problem — which is why friction never actually goes away in most businesses.

The test: What happens if this simply does not exist? If the honest answer is 'somebody senior wanted the data once', it is not a step, it is a habit.

Where it shows up — 8 worked examples

WhoWhat happened
Risk reversalJay's own answer to the largest friction of all — the buyer carrying the entire risk of the thing not working while the seller, who knows the actual failure rate, carries none.
The eleven-field formCut to three. The other eight get asked later by a human who now has a reason to call.
Account before paymentRemoved entirely; the account is created silently from the payment details.
The four-day quoteReplaced with a number on the phone, given as a range with a caveat.
Terms written for lawyersRewritten for the person signing. Objection handling dropped because the objections stopped being manufactured.
A menu at the buying momentThe most expensive automation in most businesses is the one answering the phone.
ParkingGenuinely. A clinic that validated parking measurably outperformed one that did not, in the same street.
The step added after one incidentSomething went wrong once. The control has since cost a hundred times what the incident cost.

This week

Buy from your own business, then delete two things.

Go through your own enquiry and purchase process as a stranger, from a phone you do not normally use. Write down every moment where you had to wait, repeat yourself, hunt for something, or decide without enough information.

Then delete two of them. Not improve — delete.

Watch completion for a fortnight. Deletion is the only improvement that costs nothing, takes an afternoon and starts paying immediately.

How you will know it is done A written friction list from your own purchase attempt, two steps actually removed, and a completion figure a fortnight later.