Posts Tagged ‘how to grow a coaching practice’

Are you a big stike or incremental process person?

Seems to me like there are two kinds of people: Big Strike People, and Incremental Progress People.

Or, Hare People and Tortoise People.

Recently, I was talking with Someone Who Shall Remain Nameless, who said, “I envision several $100,000 deals a year.” And I thought, “Good luck with that” because it’s harder to land $100,000 deals than it is to land $1000 deals.

I’m going somewhere with this.

Last week, I had 4 $1000 days. OK, you say. Big deal.

There are roughly 22 working days in a month. Let’s say you made $1000 each day. That means you’d make $22,000. Times 12 and you’ve got an annual income of $264,000. Schweet, no?

Let’s say you’re after the $100K deals. From experience, I can tell you that these can take months – MONTHS – to land. Meanwhile, $1000 days are ticking by.

I am content with 15 $1000 days a month. Fifteen. That means I earn $180,000/yr. That also means I have seven other days a month to create, fool around, garden, loaf. Not counting weekends.

When my children learned to read, they learned by chunking up the words and pronouncing the chunks.

What I’m suggesting is that you chunk up your income goals – how much do you need to make a month? How many $500 days does that mean? How many $250 days?

Finally, consider the findings of The Millionaire Next Door. How did the majority of millionaires get that way? Not by looking for The Big Strike. Not by being the Hare. But by being the Tortoise – in Seth Godin’s term – shipping, every single day.

So, given this train of thought, what are your goals? How can you achieve them? What does your pricing need to be to get you there? Where does your head need to be?

Hmmm?

Create a Regular Free Coaching Call

One of the things that may hold some people back from working with you is that they are not sure your coaching style would be a fit for them.

Your website copy may sing, but how are they to know that your coaching will be as compelling?

The solution is to have a standing free coaching call every month to let people get to know what your coaching style is like.

There are two ways to do this:

1) Have an open-ended, any-question-is-good format, like Pam does with her Escape from Cubicle Nation calls (sample here)
2) Have a topical call like Michele does each month, using topics that you know would be relevant for your audience.

We recommend choosing a regular time, for example the first Tuesday of the month, so that people get used to the event. Here is how you do it:

1) Select your call date and time
2) Draft up a super simple web page that explains what is on the call
3) Set up a specific mailing list for this class (we recommend either AWeber or Constant Contact for your mailing list needs)
4) Mention this call in your next newsletter, and in every one thereafter
5) Tweet about your calls the day before, and the day of the call
6) Mention the call on Facebook
7) Mention it on the confirm message when people sign up for your ezine
8) Tell everyone about it when you speak live at an event
9) Hold the call, and record it
10) Share the recording with your list

Pam and Michele do things a little differently. Pam only shares the recording with people signed up for the call. Michele shares the recording with everyone by posting it on Facebook and Twitter.

Either way works. The important thing is to give people a taste of your great coaching skills.

If you don’t get a lot of people signing up at first, that is OK! Pam has coached one person for an hour on the free calls, and people listening to it afterward said it was really valuable.

We look forward to your questions about free calls!

And as a special gift to you, we wanted to share an hour-long recording we did about seven things you can do to get your coaching practice growing.

Download it here.

P.S. We are just about to launch the Fall sessions of KickAss Mentoring and Career Invention Certification. We will give you guys first crack at registration. Look for a special email this week with details. Whoopie!

Put a little fun in your heart

In all this talk about creating a strong business, it is easy to get quite wound up and serious.

Your brow furrows as you contemplate narrowing your niche.

You worry that your brand name is not sticky enough, upsetting Dan and Chip Heath (authors of Made to Stick, a great read!)

You agonize over your website, or blog, or blogsite.

Time to lighten up!

Building a business, your business, is an expression of who you are.

We know you are not an uptight, stuffy, serious grump. You would never stay subscribed to these marketing tips if you were!

So find a way to bring some fun into your life, and by extension marketing:

-Read really funny blogs like our friend Naomi Dunford from www.ittybiz.com (warning: profanity included!)
-Crank up some music and dance around until your teenagers threaten to disown you
-Take off an afternoon and go wander around a cool part of town, or a museum, or anywhere creative
-Make a vision board of your biggest dreams or goals
-Find a friend who makes you laugh until your sides hurt. Stay in regular contact, and laugh about all your mistakes. (Michele plays this role for Pam)
-Go watch live improv comedy. Or even better, participate in it.

Life is too short to be so serious. Loosen up, and your business will appreciate it.