BOOK SUMMARY

Way of The Wolf - Summary and review

Updated: April 7th, 2024
Published: January 12th, 2024

🚀 Summary: Way of The Wolf in 30 seconds

Everyone can become master closers with straight line selling. Follow the straight line methodology to achieve the shortest path to a closed deal. By using trivial psychology and methods such as object handling you can increase emotional and logical certainty of your prospects. Build trust in the 'three tens' - the product, the company and the seller - and you will close deals.

Contents

What is Way of The Wolf about

Here are some of my notes from the book:

  • The fastest path to a close is via the straight line

  • Allow for some deviations from the straight line, where tons of valuable intelligence gathering can be done, but be careful to deviate off to Pluto 🪐

    • Use language patterns to bring back to conversation towards the closing of the deal

  • The first 4 seconds are critical - take control

  • The impression of you is 10% what you say, and 90% body language and tonality - use that to your advantage

  • The no.1 goal is to increase the absolute certainty of your prospect

  • In order to close a deal - you have to achieve 1. emotional AND 2. logical certainty of the prospect.

    1. Emotional

      : Use tonality and body language

    2. Logical

      : use your words and present them in an order that makes sense

  • Objections are expected and openers to your sales process, also they are usually smoke screens for uncertainty in the three tens

    1. The Product

    2. The Sales Person

    3. The Company

  • Meet the objections before they come and with intelligence - do not fall for approaching the specific thing they object to

  • Deflect the first objection - then meet objections with patterns to increase certainty

  • Be smart with prospecting to filter out - qualify - to only spend your time on the good prospects

  • Use scripts - use them all the time and know them by heart

  • Language patterns make up scripts - use loops and encode tonality, etc. into them

  • There are different types of buyers:

    • Buyers in heat

    • Buyers in power

    • The lookie-loos

    • The mistakes

  • There are both 1. action thresholds and 2. pain thresholds that you need to think about and leverage

✍️ My top quote

This is, in my opinion, the top quote from the book Way of The Wolf.

Quote 1

Act as if you have unmatched confidence, and people will have confidence in you. Act as if you have all the answers, and the answers will come to you

Way of The Wolf review - what kind of book is it?

The Way of the Wolf was a very solid book on the art and science of selling, combining useful learnings from several different schools. Reading this will give you many of the powers of a natural closer, with the main takeaway that, at the end of the day - every sale is the same. The book did not just provide valuable insights into the psychology of selling, but also a framework that was easy to implement straight away. A warm recommend to read if you are looking to 1. run more efficient sales, and 2. close more deals.

Frequently asked questions (FAQs)

Q: Who is Jordan Belfort?

Jordan Belfort aka ”The Wolf of Wall Street”, born in 1962, is a New York Times best-selling author, renowned motivational speaker, and one of the top sales trainers in the world. Mr. Belfort founded the Straight Line System and is also the man behind the blockbuster movie Wolf of Wall Street with Leonardo DiCaprio.

Q: Why should you read Way of The Wolf?

Read this book to learn more about sales, improve your sales, or close more deals. Learn more about the psychology of selling, objection handling, the importance of the first 4 seconds, language patterns, etc. - all implementable via the Straight Line system.

Q: Who is the ideal reader of Way of The Wolf?

If you are interested in the area of sales and how to do outbound this is a perfect book for you. Either if you are new to sales, just curious, or an experienced closer this is a great book to take your selling game to the next level. Perfect read for entreprenurs like myself!