Client Magnets Official Blog

Archive for the ‘Business & Money’ Category

Many entrepreneurs, small business owners and other professionals find themselves focused on earning an income, finding new clients and the day-to-day struggle to survive.  Having enough income and cashflow to grow your business rapidly is not an uncommon problem.  I often hear people talking about their expected income for the next day, weeks or months ahead.  They focus on knowing where the next paycheck is coming from because they don’t have enough confidence in their existing client base or cashflow.   They fear their income will dry up.

Have you ever felt like that?  If that sounds like you, then it’s time to STOP focusing on your income.  It’s time to start focusing on a long-term plan for success and diversification.  But how?  How do you free yourself from the day-to-day financial worry and really start to thrive?

The answer simply lies in starting your own high-end coaching program.   A high-end coaching programme (when designed and delivered the right way) will provide enough guaranteed revenue to enable you to stop worrying about money and be free to focus on your long-term success!

This is how the strategy works …

Sell Once a Year to Generate Guaranteed Revenue

• With your high-end coaching programme, if you market and sell the right way, you will only need to focus on the selling once and then you’re done for the year.

• Create a program with a limited number of spots, and you’ll only have to sell long enough to fill those spots and then you can focus on serving your clients and creating alternate revenue streams.

• Create a program with a fixed time limit, such as my annual programme, and you only have to sell those spots once per year. Then you’ve got the commitment for the income, and you’re free to focus on other areas of your business. No more worrying month-to-month whether you’ll have enough cash for next month; with a high-end coaching program, you can earn enough money to free yourself up for other pursuits.

Free Yourself Up to Look at the Big Picture

One of the biggest benefits for you and your business of creating a high-end coaching program is freeing yourself up to look at the big picture. If you’re like most people, you spend countless hours per week working on finding enough business, and the rest of your time goes to satisfying your existing clients. You never have time to think about the long-term plans for your business, or how to diversify your revenue streams.

Once you have the committed income of a high-end coaching program, you can stop spending so much of your time selling yourself and your services because you have a guaranteed revenue stream. Instead, you can focus on creating the other steps to achieve success in your business, and put together a long-term plan for your business!

In order to truly become successful in your own business, you’ve got to stop focusing on immediate income so you can begin to build a road map for long-term success.   Worrying about your day-to-day income is short-term thinking and can seriously hamper your long-term business success. When you start a high-end coaching program, you get financial commitments for a large portion of your revenue and begin looking at other ways to improve your business success.

So if you want to see an end to your day-to-day financial struggles and the beginning of long-term success, it’s time to start your high-end coaching programme!

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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How much money do you want to make this year?

If you’ve answered this question with a round number, like, $100,000, or $1,000,000, or an, “I don’t know,” you don’t have a goal, you have a wish.  It’s imperative that you know your goal income numbers, specifically.  You must know how much you have to net today, this week, and this month in order to land the yearly salary that will support the lifestyle that you desire.

Here are some get-specific Millionaire Mindset methods:

• What would you like to do in the next year? Move?  Take your dream vacation?  Send a child to college?  Hire someone to manage all of that stuff for you?  Or make it possible for your spouse to leave his or her job to come to work for you?

Don’t forget the smaller costs that go along with each large goal, like the cost of providing your newest employee with a company car and fringe benefits, travel costs, tuition, and your existing lifestyle costs.  Don’t estimate.  Make phone calls.  Get current pricing on airfare, college tuition, health care, or whatever bills you’ll have to foot.  Write it down…you’re going to need it.

• Now that you’ve done the addition, do the division. Break out the calculator and find out how much you’ll need to net in a month, a week, and a day.  This will give you a manageable and reachable goal path.

Lots of people say they want to be millionaires.  But if you ask them how much they need to make this afternoon to stay on track for that wish, you’ll likely be met with a dumbfounded look.  Once this step is completed, you will be distinctly separate from those with a wishing frame of mind.

• Challenge yourself in the pursuit of your income goal. If that means working an extra 30 minutes to meet your daily income goal, do it.  If that means negotiating on a deal, even if you’re not comfortable with negotiation, then do it.

When you know how much money you need to earn this week, in pursuit of the big goal, you’ll be encouraged to do the things that aren’t so desirable.  Every time you challenge the boundaries of your comfort zone, those boundaries will soften, and your comfort zone will grow.

A goal like, “I want to make a million bucks this year,” will never incite you to rewrite an email or to hold firm on your retail price for an item.  But if your goal is, “I need to clear another $50 today to stay on track,” you’ll push right through, because you will connect those little tasks with your big goals for yourself, your family, and your lifestyle.

• Successful business people always know their numbers. They rifle off their conversion rates, costs, costs of sale, and precise percentage profits.  Businesspeople who don’t know are probably losing money.

• If the thought of calculating, relating to, or speaking about numbers frightens you, then hire a business manager to do it for you.  Investing all of your energy in working in your business, without working on your business, will be detrimental to your income goal.

• The numbers might be simple now, but if your goal is to make a million dollars, or any other impressive number, you’ll have to expect the money flow, in both directions, to become more complicated.  Adopt a know-your-numbers attitude now, rather than jumping into a sea of number soup when your chances of drowning are high.

In short, know how much money you need to make.  Then know how much money you need to make this week in order to reach that goal.  Name it, and then claim it!

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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Looking for an opportunity to shine from the depths of the direct mail slush pile?

Though it might sound a bit cliché, everyone, even those of you who feel encumbered by a limited budget or a relatively small business volume, can do that.  Whether you’re sending out 10 pieces of mail per week, or 1,000 pieces, you can not only entice people to open your mail, but you can keep their attention with a creative, lumpy insert.

Maybe you have, at times, felt intimidated by the “big boys” – the companies who have thousands or millions of dollars to spend on direct mailing.  But, despite what you might have come to believe about these huge corporations, you actually have an advantage over them for creative direct mailing.  If you have an inventive idea for lumpy mail, you don’t have to sit in countless meetings with marketing committees, pitching your idea, enduring criticism, and perhaps, ultimately, having your idea shot down.  You are your final decision maker.

When you’re creative with your lump mail insert, you can spur your recipients to action.  Here are few examples to stimulate your imagination:

• If you’re intent on helping companies and individuals to find their own hidden treasures, you might consider including an old-fashioned scrolled treasure map with your promotional letter.

• If you consider a message to be of the utmost importance, you might want to stuff it into a bottle before mailing it.

• If you’re hoping to entice inactive customers to fall back in love with your company, you might insert a boomerang with a message like, “Boomerangs always come back, don’t they?”

• If your company has a mascot, you can have a lovable likeness of him or her reproduced as a lump.

• If your company helps people to find resources, for instance, you might want to include an ornamental needle-in-a-haystack.

• A complete comprehensive service might be accompanied by a small, silver platter and the statement, “I’ll give you everything you need for start-up on a silver platter.”

• Fortune cookies can be purchased, complete with customized messages inside, that deal specifically with your purpose or promotion.

If you’re stumped for lump ideas, there are resources that can help.  Two examples are www.LumpyMail.com and www.ImpactProductsMarketing.com.  There, you’ll find lots of creative ideas for lumps.  Maybe you want to announce a promotion, invite inactive customers back to the fold, broadcast an upcoming campaign, publicize a grand opening, or announce a new product or service.

Simply using bulk to create a piece of lumpy mail will, indeed, prompt people to open the envelope, but if you want to stay with them for longer than it takes to empty your promotional pen of ink, or to use that pad of custom sticky notes, you’ll want to put some innovative thought into your lumpy insert.

Make your mail memorable with creative lumps…because when your lump is specific to your purpose, and unlike any other lump, it deems you memorable, worthy of the call or the click, and the investment.

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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Can you envision yourself making $500,000?

I don’t mean imagining that you’ve won the lottery. Can you actually see yourself earning $500,000?

If you set a goal that is believable for you, you’ll not only realize that goal, but as you break through it, even more will become possible for you.

If you can’t envision such a high number and think it’s beyond your reach, don’t set your sights on that number straight off. Doing this will just cause a disconnect between what you want and what you think you can make. You will be starting out with a limiting belief.

I worked with a mentor who shared a story about his wife. She worked for an insurance company as a sales manager, making $29,000 a year. When he asked her if she could see herself making $100,000, she said “no.” When he backed down that number to $50,000, she said, “yes.”

Once she settled on that amount, which felt reasonable and comfortable, she not only achieved it, she far exceeded it. By the end of the year, she had made $499,000.

The important point is that she started out with a vision she could believe in.

What do you truly believe is possible for yourself?  Follow these steps to set believable goals that you can achieve.

Step One
Pick a number that’s a stretch from where you’ve been before, but one that you can actually believe in. If you go too far in the other direction, and begin with a very high number, you will stall out. Your non-belief in making that money will be stronger than your belief in getting it.

Step Two
Start where your belief system is. If the most you’ve ever made is $30,000, stretch that number to the very edge of what you can actually see yourself making.

Step Three
Honor small advances. If you only see a $5,000 or $10,000 increase, that’s fine. Start there. As you make that little advance, you will increase your belief system in many different areas and rapidly advance that number.

Step Four
Once you make that little jump of $5,000 or $10,000, not only do you see yourself make it, but you start to believe in the whole process. When you actually believe in the process, it will have an expansive effect on you. Now you are able to see that this can go anywhere.

You will open yourself up to what is actually possible and really start believing it. That’s when you will take off.

Your ability to make that higher end income is really about knowing where you are in what you believe. Not only will you set believable goals, you will be successful in achieving them, and in surpassing them as well.

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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There are many ways to become a client magnet. Here are 20 proven methods that will help you to achieve astonishing business results.

•    Carefully choose the niche that you want to be known as an expert at.

•    Learn everything there is to know about your declared area of expertise. Go through the experiences and learn the lessons, connect with a mentor and then put it into practice to be successful. Only then can you teach and help other people to do the same.

•    Pick something that you’re passionate about; when you’re passionate, that really shows through.

•    You will make a greater impact in a place where you genuinely have some value to offer.

•    Realize that you don’t have to try to get every person you ever encounter to become a client.

•    Build your relationship with the people who have already “raised their hands” and expressed an interest in your product or service.

•    Focus your effort and energy on people who are pre-qualified to buy. It is more pleasurable to work with and for them than to try to convert people who will never be interested or will never be qualified to buy your services.

•    Approach your tasks with the right energy. A positive attitude will resonate with your clients; conversely, so will negativity.

•    Be a congruent model for success by focusing on and being committed to your prospects and clients.

•    Use one-to-many methods for connecting with clients and offering services, as much as possible.

•    Put systems in place to start building your list.  Then continue to grow and improve your lead generation systems.

•    Know the principles behind offering ethical bribes, such as a free report, and have processes in place to handle responses.

•    Incite a call to action by creating a sense of urgency for people to sign up with you or purchase your offer. Deadlines work well for this.

•    Don’t underestimate the value of affiliates and joint venture partnerships.

•    Be consistent. Systematize and automate your process so that you can make money even when you aren’t working.

•    Use articles, teleseminars and social media to increase your exposure and the perception of you as an expert.

•    Use quality software to build and maintain your websites and blogs.

•    Always offer an upgrade with every sale.

•    Build relationships by following up with the people you meet at networking events right after the event.

•    Offer something for free or do a product giveaway at an event, collecting contact information in exchange for entry.

Implementing just some of these strategies today will add many more prospects to your list and take you closer to a more profitable business.  When you’ve applied them all, you will be a true client magnet.

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Consider your role as a consumer. When you’re shopping, do you look at the products first, or the price tag first?

If you looked at the price tag first,
retailers would pick up on that and simply offer a collection of price stickers inside the front door. You would choose what you could afford, and then the actual product would be a surprise – possibly an unpleasant one.

You don’t shop that way, and neither do the people that you have identified as your perfect clients.

Prospects want to know your prices, but unless your prices are preceded by the benefits that you’re offering, consumers will have nothing to gauge those prices against.

Follow these four steps to eliminate your fears in revealing your price. Gain the confidence you need to make the most out of your requests for cash:

1. Present what you’re offering. Answer the timeless questions: Who? What? When? Where? Why? How? Keep it simple. If you make it too complicated, those raised hands might start to return to laps.

2. Summarize the benefits. Because you’re offering specific solutions to specific problems, this step should turn on light bulbs in your prospects’ minds. This is the step in which you convince them that you are their answer.

3. Introduce the price. By now, your listeners or readers are absorbed in what you’re offering. The benefits are foremost in their minds, as is the question of price. Reveal your pricing while the question is still in their minds; and before it reaches their lips. Perfect placement of price revelation makes it comfortable for you and acceptable to your audience.

4. Map out a direct route for the money. Make it crystal clear how easy it will be to sign up, jump on, or join in on your program. Prospects should leave your teleseminar, your sales page, or your conference without any questions about how to participate. Or, better yet, they should leave already having signed on. Make it possible for them to sign up immediately. Make it easy for them to do so.

When your appeal is placed correctly, while all of the most fantastic points of your product or service are fresh in the minds of your audience, you will not only feel more confident in asking for money, but your prospects will have more confidence in their spending.

After you identify your sea of raised hands (those people whose problems you can solve, and whose interests you have piqued), you’ll need to devise an effective method for telling them how much cash they will need to jump onboard.

The steps I’ve outlined here make up an excellent plan for starting to ask for money. As you proceed, you will learn to tweak your own presentation to meet the needs of the people in your particular niche. You will learn to identify the exact moment in time when they are most receptive to pricing, and when your presentation best complements that revelation.

When considering how to properly sandwich your asking for money in your presentation, consider your own shopping habits. You see the product. You consider how it could benefit your life. You look at the price tag. You proceed to the check-out. You leave the store with the satisfaction of knowing that you fashioned your own shopping experience.

Give your prospects that luxury. Take the time to learn about what price placement gets the most lucrative results for your business. You’ll soon discover that timing is everything – especially when it equates to money on your pocket.

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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In your quest for a million dollars, would you rather get:

A) get $10 from 100,000 clients,

B) $100,000 from 10 clients, or

C) $1,000,000 from 1 client?

If you’ve chosen option C, one single transaction, congratulations for having great business sense. But for the sake of practicality, let’s use the first two choices for a model of quantity versus quality.

You know that no single person can provide a service that’s perfect for every potential customer. To further that sentiment, I’d like to suggest that no person can serve 100,000 customers as well as they can serve 10 customers.

It’s simple math that results in the same $1,000,000 answer for both options A and B, but you, the business owner, benefit most from choice B.

It’s no secret that valuable time is squandered when you have to exhaust yourself chasing a large number of clients. Wouldn’t it be magnificent to be able to sit, give your attention to a few clients, and make the same, or more, money?

Consider the chain of benefits: More focus on individual clients leads to better results for those few clients; those clients will offer better testimonials; and those satisfaction ratings will attract more high paying, high quality clients. This a circular effect of good business.

Of course, your next question is, “How?”

Scoring those lucrative client relationships starts where all good business does – in the early planning stages, even before lead generation.

Think big before you attract clients. You can’t skip this step, because if you do, you’ll end up attracting small-fry clients, and when you present them with the top-quality, top-priced program, you’ll fall flat.

Here’s an example to explain: you’re selling a top-notch software program targeted at high-end, complicated tax processing. If you market to general accountants, you might be netting prospects that do anything from A-B-C accounting services to intricate, full time gigs with top corporations. There’s no doubt that you’ll strike out with the majority of your audience. Accountants that make their living on Joe Smith’s bread-and-butter will have no interest in a high-end product like yours. Instead, back up and find a creative way to market to only those accountants serving the best-of-the-best, super-corporations. They will be willing to pay what you’re asking. They’ve been around for long enough to see the value in it, and are successful enough to be able to pay for it.

When asking for the big bucks, keep these things in mind:

• Before you bring people to your website, before you send out your newsletter, consider the caliber of your product or service, and match it to the caliber of client that would be most likely to spend the kind of money you’re asking for. Do the research required to find these people, rather than spending time generating dead-end leads.

• Consider your prospects’ mindsets. Do they have cheeseburger budgets and milkshake level businesses? Or do they have filet mignon budgets and crème-brulee-level companies? Which would you rather have? Know that fast food customers won’t have the money, or the taste, for expensive steaks.

• Don’t make quality an afterthought, or you’ll have attracted prospects in vain. Aim high, and your prospects won’t bat an eye at your price revelations.

Don’t assume that high paying clients are high maintenance. Often, they’re more understanding and less demanding. They have the experience that it takes to understand the ins and outs of the business world. They understand your challenges, and are more likely to allow you the freedom to run with your expertise.

Low-paying clients are often new to the business world, and may either indirectly (or directly) look to you for advice beyond the scope of your work, or spend too much time highlighting insignificant details.

Don’t be intimidated by the lucrative account. Be drawn to it. Recognize it for the gold mine that it is – and for the quality that it can create for your business.

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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Everything that you do for your business, everywhere you go, you should always be thinking about getting people onto your mailing list. Building that list is so important to the success of your business.

But, you can’t stop with simply adding people onto your mailing list; you’ve got to take it a step further and get them to actually buy from you. A thousand people on your mailing list is certainly promising business potential, but you need to focus hard on how to convert some of them into paying business.

While you don’t try to sell to anyone and everyone, you do want to try your best to sell to those people on your mailing list. Naturally, they’re your best chance for a sale because they’ve expressed an interest in what you’re offering.

You’ve heard the expression, you can lead a horse to water, but you can’t make it drink? In a sense, you have to look at the prospects on your list in the same way. You’ve led them toward your business, and while you can’t make them buy, you can make them very thirsty for what you’re offering.

In order to do this, one of the things that you need to think about – even before you start building your list – is what your sales process is going to be.

Once people have joined your mailing list, what will you put in front of them that invites them to get their credit card out?

That first offer should make it easy for them to say yes by having a low financial cost and a low emotional cost.

If you set the bar too high, if the only way people can spend with you is by shelling out a lot of money or committing to a long-term program, you are making it harder for them to say yes. It’s just too big a jump.

Think of your business as a ship and your prospects are on the dock. You wouldn’t expect them to jump onboard straight from the dock – you’d at least put out a gangplank to help them come aboard.

Before asking them to take a huge leap, make a big change, a big investment and a big commitment, give them the opportunity to know and trust you first. Extend the type of offer that will make your prospects feel less vulnerable. An initial low payment offering is fine – just make sure to present something they can buy.

Keep this in mind, as well: The best time to have someone buy is immediately after they’ve signed up for your free offering, whatever that may be. When they sign up for it, they automatically join your list.
The instant that happens, put an offer in front of them. That will separate the people who are serious – the ones who are willing to invest – from the browsers.

The prospects who are willing to invest are proving themselves to you, and should get better and more offers from you.  Don’t spend too much time on the browsers until they indicate that they’re serious.

So think about a low-cost, low commitment initial offering, and then present it to people right after they join your list. That’s the time when most of them are ready to buy.

Bernadette Doyle specializes in helping entrepreneurs attract a steady stream of ideal clients. If you want to get clients calling you instead of you calling them, sign up for her free weekly e-zine at http://www.clientmagnets.com

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As one of the largest expenses of planning an event, venue pricing is extremely important. With the right venue pricing, you can host an event and still realize a good profit. If you pay too much for the venue, you cut into your revenue for the event, or you may even end up paying more than the venue is worth, or more than you can afford to pay. These tips can help you get the best possible venue price.

Find out the Room Price
In order to get the best possible venue price, you must start by finding out the venue price. Some venues may want to avoid quoting you an exact price, so they can get the most possible income from you if you quote a price higher than their rate. Try to find out the venue’s price before you discuss money.

Remember that there is always room to negotiate a price, and what the venue tells you is just a starting point; not the final room price. If the price is significantly higher than you want to pay, it’s worth trying to negotiate even if you think the venue won’t budge. The worse that can happen is that the venue may stick to their pricing, and you may have to look elsewhere, but you might also find that the venue is willing to negotiate down to your price.

To Get a Better Price, Ask for a Better Price
One of the simplest ways to get a better price on a venue is to ask for a better price. There are a few techniques you can utilize to negotiate a better price. First, you can flat out ask. Some venues are fairly willing to negotiate. You could also try telling the venue that you’re on a budget, and can only pay X dollars, but that you’re looking for a long-term partner for many events. Some venues are willing to drop prices to build good ongoing relationships. You may also be able to negotiate a price near your ‘budget’ if you drop extras from the venue cost, such as snacks or supplies.

Look for Other Methods of Compensation
If you can’t get a venue to come down to your budget, explore other methods of compensation. For example, if you’re planning a training, marketing or customer service event, you might explore the option of putting venue staff in your event. The venue could then gain your services to the tune of whatever you’re charging for the event, and may be more willing to negotiate a lower rate, or give you the venue for free. If you’re using a hotel as a venue, you may be able to negotiate a lower venue rate based on booking hotel rooms through the hotel for attendees.

Key Things to Remember When Negotiating Venue Price
Remember: the venue wants to fill the room. If the room doesn’t get filled, the venue doesn’t make any money. The closer you get to the date of the event, the more negotiating power you have. The closer you get to the date of the event, the more the venue wants to fill the space. Negotiate the best possible rate to keep your venue prices low and boost your revenue.

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I’d like to share with you a quote that has both inspired and delighted me, by author of ‘Think and Grow Rich’ Napoleon Hill: “When Riches begin to come they come so quickly and in such great abundance that one wonders where they have been hiding during all those lean years….”

You see, recently several of my clients have been having BIG BREAKTHROUGHS in their businesses:

• Katharine went from zero to $100,000 in just 4 months….

• Moira made $30,000 in just 8 days…

• Melina made more in the last quarter than she did in the WHOLE of the previous year…

• Hazel has QUADRUPLED her prices and is attracting the high quality, committed clients that she wants…

• Wendy has gone from charging $40 an hour to offering $10,000 clients…

I could go on, but you get the picture!

So what do all of these women have in common? Aside from that fact that they are ALL my favourite clients They’ve ALL been using this same strategy to experience these BIG income leaps.

Want to know what it is?

Then JOIN ME on this special webinar ‘How to Have BIG Income Leaps in Your Business – Without Working Longer Or Harder’ that’s happening Wednesday 9th June at 1pm UK time.

Register here http://www.clientmagnets.com/bigincomeleaps/

On this webinar, I will share with you:

• The critical MINDSET shift you must make to experience BIG income leaps in YOUR business

• The ‘invisible wall’ that blocks big income LEAPS – and how to bring it crashing down!

• The simple strategy that can help you QUADRUPLE your revenues this year – yes, really!
• A specific action plan for generating YOUR BIG income LEAP

Spaces on this webinar are LIMITED. So reserve your spot right now by going to http://www.clientmagnets.com/bigincomeleap/

I look forward to helping you discover how to have YOUR Big Income Leap!

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