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Wow, check out this guy's comment

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Wow, check out this guy's comment

#1
I wrote a short blog about Mark Cuban and his journey to becoming a billionaire. Not surprisingly, he was motivated by money. I always have disliked money as a source of motivation, I still do. Tonight at dinner I was caught off guard when my brother and both parents said "well of course everyone is driven by money... you mean you thought they were driven by something else?" Regardless, a guy came to my blog and posted a comment that I found inspirational:

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This is the first time I have read a blog and of course the first post of any kind. As a 36 year old plumber I have been fired from every plumbing company I have ever worked for. All of them fired me after about a year. The reasons have all been the same, they asked my opinion about their problems and I told them the truth. It seems every company always has some sort of problems they deal with but never know the answers. The last job I had was running a new hospital project and after 9 months I was asked by management to get rid of half the plumbers and replace them with non-plumbers to drive down cost.

The short story is I said no way, it’s illegal and I want no part of it. I then said if they go over my head I will turn them in to the state dept. of health. Well, I was fired….With the economy the way it is no jobs are available. So with a family of 4 and a new house and $300 in checking I started my own plumbing company. Anyone who cares to listen here is what I have to say. Weeks went by with no customers calling and I didn’t know what to do.

We were out of money and my wife gave me a choice of getting a wal-mart type job or get out. That night I freaked out and was up all hours of the night just thinking and thinking. Then it came to me. My problem was simple, I was going about this backwards. Money is a stupid motivator, customers are the real motivator. So here is what I did. I went to a printer and had them print up a 1000 $50.00 gift cards on heavy paper stock all of them with code numbers. The next thing I did was go door to door and meet people one at a time. Ya, it was crazy at first but the people were blown away, they loved it. As of right now I am the number one plumber in a town of about 40,000 people and am looking to hire another plumber.

So whats the secret? Give people what they want. All these years I was right, most people let money motivate them and that creates poor decision making. I let the customer decide. The economy is tough so just give the customers what they want, money. People were so blown away they thought it was a joke. Think about it for a moment, have you ever heard of a business come to your door, shake your hand, and while looking in there eyes tell them you would like to earn the business and by they way here is a fifty dollar gift card that can be used anytime for any plumbing service they need.

When it’s all said and done I wished I would have done this years ago. I enjoyed the article about Mark Cuban but I think money is just a poor motivator, money is the result of good business practice. My wife by the way thought it was crazy to give $50 to everyone I meet, she was wrong, but now she is my biggest fan. That $50 is nothing when you consider a customer spends thousands during the course of a life time, not to mention they spread word of mouth business like fire. Mike

Re: Wow, check out this guy's comment

#2
The usual arguments against using money as motivation are that (a) money is not enough to keep you motivated during the "darkest of times" and (b) even if you get there the money will probably not make you happy.

But Mark Cuban _was_ motivated enough to take his company public. And Mark Cuban likes to make extravagant purchases (e.g. The Dallas Mavericks). In a nutshell - he seems to enjoy the billionaire's lifestyle. So money was probably the right motivational force for Cuban.

Re: Wow, check out this guy's comment

#3
Cuban was motivated by a love of business.

Before Broadcast.com, he sold garbage bags as a kid, gave disco lessons to sororities in college, threw parties as a quasi event planner, started a computer company (MicroSolutions) and ran a hedge fund. After Broadcast.com, he bought the Mavs, started HD Net, formed a charity (Fallen Patriot Fund), actively invests as an angel and cofounded numerous movie production & distribution companies.

Re: Wow, check out this guy's comment

#6
A very nice story. I think, however, he overlooks the power of humanity in his story. It's not down to that $50 voucher. It's because he became a real person to the people he visited - a local guy, someone they'd seen in real life. It really seems all down to pressing the flesh. The other points don't make any logical sense, for example:

All these years I was right, most people let money motivate them and that creates poor decision making. I let the customer decide. The economy is tough so just give the customers what they want, money.

If it were really about him giving them "money" (a discount voucher isn't money, but we'll ignore that) and money creates poor decision making, then choosing him based on that offer is poor decision making.

Re: Wow, check out this guy's comment

#7
I hope to not be "that guy" but wasn't this plumber's ultimate motivation money? I mean he was out of it and needed it. He was willing to work at a loss(or lower profit) so he could get business. He innovated and won. If he had had customers immediately then is he suggesting that his motivation would've been the love of money? Given his track record of honesty I would guess not.

Re: Wow, check out this guy's comment

#8

A very nice story. I think, however, he overlooks the power of humanity in his story. It's not down to that $50 voucher. It's because he became a real person to the people he visited - a local guy, someone they'd seen in real life. It really seems all down to pressing the flesh. The other points don't make any logical sense, for example: All these years I was right, most people let money motivate them and that create…

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Re: Wow, check out this guy's comment

#10
What really struck me about that story is how one great idea executed well can make the difference between bankruptcy and roaring success. It's something that I've seen first hand, and probably the reason why being stubborn is so important. If you don't give up you'll eventually stumble into a strategy that works - after exhausting all possible alternatives. :)
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