The most common mistake in sales, fundraising, or negotiation is assuming the other person will say "no" and therefore never asking. Gary Vaynerchuk urges entrepreneurs to stop making decisions for the other party. You must make the ask and force them to be the one to reject you.
The desire to appear intelligent causes founders to avoid simple questions and instead anticipate needs. This leads to incorrect assumptions. Asking basic, even "stupid," questions like "Why did you take this call?" is the key to understanding the customer's real needs and ultimately closing the deal.
Many people talk themselves out of ambitious goals before ever facing external resistance. Adopt a mindset of working backwards from a magical outcome and letting the world provide the feedback. Don't be the first person to tell yourself no; give yourself permission to go for it and adjust based on real-world constraints.
Early-stage startups can't afford to be strung along by enterprise prospects. The goal isn't just to close deals, but to get feedback quickly. Founders must design a sales process that forces a decision, because a "long maybe will kill you." It's better to get a fast "no" and move on.
The need for detachment extends beyond the final "yes" or "no" of a deal. Many salespeople are attached to the opinions of others, which stops them from taking crucial business development actions like creating LinkedIn videos or podcasting. This fear of judgment is a major obstacle to growth.
This metaphor reframes the cost of inaction due to rejection. By allowing a prospect to stop you, you are willingly giving them power over your income, which is as illogical as letting a stranger take the money meant for your family.
The biggest obstacle today isn't a "no," but "indecision" driven by risk aversion. Aggressive tactics can backfire by increasing fear. A salesperson's job is to reduce the perceived risk of a decision, not apply more pressure to close the deal.
The speaker contrasts the lasting, painful regret of not acting with the temporary sting of potential failure. Living with unanswered questions ('what ifs') is a 'torture chamber,' while rejection provides closure and allows you to move on. This applies to sales, career moves, and networking opportunities.
When management denies your request for a new opportunity, resist the urge to immediately see it as a red flag. First, critically assess your own strategy. Are you communicating in a way your audience understands? Are you trying to skip essential learning steps? Self-correction is often more valuable than immediately leaving.
Reframe the objective of a sales meeting to be getting a 'no' as quickly as possible. A 'yes' is simply a byproduct of failing to get a 'no.' This counterintuitive approach helps identify non-decision-makers instantly and forces qualified buyers to justify why the conversation should continue.
When investors say "no," don't just accept it. Reframe their decision as a potential mistake, comparing it to common investor errors like overlooking a great founder due to market concerns. This tactic, which turned two rejections into $12M, repositions you from supplicant to a confident peer and can reopen the conversation.