The Leech Lake Knife Company

A great story. A purple cow. Phenomenal design. A Free Prize Inside. An army of customer evangelists. Scarcity.

Pretty phenomenal marketing from a 70 year old who has never heard of Seth Godin.

Don Canney has a superpower. He makes the best fillet knife in the world.

Don is an avid fisherman who has a home on beautiful Leech Lake in northern Minnesota. It isn’t unusual for Don to have filleted hundreds of fish after a day of fishing.

Years ago, Don noticed that his fillet knives got dull very quickly from the initial cut behind the gill. When making this cut you are cutting down into the scales that protect the body of the fish from the razor sharp teeth of other predator fish. With a nod and a wink to Mr. Charles Darwin, Don set out to redesign the traditional fillet knife.

Don used his education in metallurgy and material science to design a high carbon/semi-stainless alloy steel that is then hardened and tempered to Don’s specifications. The blade is extremely thin and flexible but the most unique and effective feature of this knife is really what sets it apart. The top is a sharp hook and top two inches of the backside of the knife is razor sharp.

Don didn’t just redesign a knife, he redesigned the process of filleting a fish.

Don’s Leech Lake knives are not only beautiful and extremely durable, they work unlike any other fillet knife in the world. When a Leech Lake knife owner meets a fellow fisherman, it is impossible not to show and talk about the knife.

You can’t buy Don’s knives on Amazon. Don prefers to sell his knives personally, one by one at the many sport shows he attends every year. This gives Don the ability to hand engrave the blade, “Made especially for your nameyear of purchase“.

Also, each knife comes with a nice leather sheath in which Don puts one standard size Band-Aid. Even though he warns people, everyone forgets and cuts themselves on the sharp upper side of the knife.

With a flexible, paper thin blade, many owners are worried about sharpening it themselves. After reminding you that it should only need sharpening once every couple years, Don offers to sharpen it for free, either at any of the sport shows or by mailing it to him. People that attend sport shows usually go every year, so after using your knife for a year, you go back to Don’s booth and buy a couple more for friends or family.

You can buy a basic fillet knife for $12 almost anywhere. Don’s amazing, hand-built knives cost $90 and are worth every penny. You get a lot more than a knife.

My Dad visited with Don at the Minneapolis Sport Show yesterday like he does every year. Don is getting older and he doesn’t do as many shows as he used to but he was still there, affable as ever, selling new knives and sharpening old ones, adding small but important personal touches that also help owners continue to tell his story.

Everyone is an entrepreneur

lemonade-standWhen you were 4 years old, you were an artist (until someone said you weren’t).

When you were 7 years old, you were a poet (until someone said you weren’t).

When you were 12 years old, you were an entrepreneur with your lemonade stand (until someone said you weren’t).

When you got your first job and your second and your third, you were a salesman. You sold yourself.

So we’ve established that you’re an artist, a poet, an entrepreneur and a successful salesman. The world needs you! What are you waiting for?

The perception of the prospect

entrepreneurship

In sales, the perception of your prospect is always true.

If they think you are spamming them, you are.

If they think you are sleazy, you are.

If they think you are pressuring them, you are.

But there is good news…

If they think you are accommodating, you are.

If they think you are authentic, you are.

If they think you are patient, you are.

If your intent isn’t pure, the words you use to sell won’t matter. If your intent is perfect, your words don’t have to be.

Your business plan is incomplete.

Many business plans include things like mission statements, values, demographics, competitors and market share data. Those are important but too often they are given more weight than the three critical components of any effective business plan:

1) The Story
2) The Marketing Plan
3) The Sales Plan

The Story

story
What is your story? What is the story you are telling the people who buy your product or service? What is the story they are telling themselves? What is the story they are telling their friends, neighbors or family? Who else is going to be there? What are they going to experience?

Your story gives you the chance to tell your customers why this is a dream come true for them.

The Story feeds…

The Marketing Plan

whisper

How do people find out about it? How do you reach them? How does it spread? Who is talking about it? Why are they talking about it? Who are they telling? How often? In what format?

The Marketing Plan is a road map for how your story will spread.

There are three primary mistakes are made with The Marketing Plan:
1) Too much of the overall business plan is devoted to The Marketing Plan, forgetting about The Story and The Sales Plan.
2) The Marketing Plan is too focused on buying advertising to interrupt and yell at people…
3) instead of focusing on building and enabling the organic, viral component necessary for the idea to spread. Remember, a friend passionately telling ten friends about your product or service is more valuable than a thousand billboards on the busiest highways.

The Marketing Plan leads to…

The Sales Plan

purchase

Sales exist when the money changes hands.

Who will buy it? Where will they buy it? From whom? Are there coupons? Discounts? Joint ventures?

Just like your business plan should never contain the statement, “And then a miracle happens…”, your sales plan shouldn’t contain the statement, “And then someone will want to buy it.”

Is your business plan complete?