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How To Build An Inspired Coaching Business EP 124
Episode 12418th March 2022 • The Demartini Show • Dr John Demartini
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Would you love to empower yourself as a coach and make a difference? Join Dr John Demartini and learn what makes a great coach, how you can deliver more effective and efficient results, and important business steps to expand your coaching business and serve your clients.

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Transcripts

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What is your vision? How do you see your clients?

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If you were to ask yourself if all of a sudden my clients were to double,

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would I be able to handle it? What's my weak link?

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Where's my block in the growth process? And be prepared for it.

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Your business capacity

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is based on the number of new clients. You have

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x the case visit average or the client visit average.

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So that means that the number of clients x

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what is the general service, net service that you provide,

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will determine the practice capacity, the business capacity.

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So how big is that business is gonna be based on the number of clients you have

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and the number of services you provide that client,

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what's the average per client.

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So you can either do things that can enhance the number of new clients,

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or you can do things to enhance the upsells on the

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there's a higher dollar value per client.

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Either of those can be expanded and I encourage both to be expanded.

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So you need both an internal and external marketing system for building the

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client numbers,

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but you also need to be able to provide services and up services for

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continued coaching services because once you have one package,

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if you don't have an additional package,

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then they're gone and they're done and it's over with.

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So you wanna be able to continue to expand and to help the coaching

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client to go to new levels and continue to grow, so keep offering more value.

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Now,

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there is a number of responsible as a coach that is essential.

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Number one, you need to have specialized knowledge,

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and obviously you need to target what that is because you're probably not gonna

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be great at everything, but you can be great at certain things.

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And you wanna start with what you know.

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Whenever you're doing your coaching business,

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you wanna start with what you know and what you're absolutely certain you can

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deliver. Many times people find out what people are, you know,

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needing out there and they just kind of put that on their shingle and say, okay,

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well, I can do that, but it's wise to start with what you know,

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what you're absolutely certain you can deliver and where you

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feel confident, you can look 'em straight in the eye and 'I can deliver that.'

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So here's what I ask people to do, write down,

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start with what you know and let what you know grow.

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And target your knowledge on the topic that you really wanna master,

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you wanna run skill on. There is generic coaching,

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but there's also targeted coaching and you may,

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if you have a love for a targeted coaching focus then great,

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but you wanna become the greatest in the knowledge in the field in that

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particular area of what you want to do.

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Mine was in personal development and human behavior,

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so I've been devouring that for 49 years. But

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you wanna make sure that you target that area and become more knowledgeable

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about that area than anybody else, and more aware,

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or you have access to resources and sub coaches that have those specialties,

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that you can bring those in as teams to be able to offer that service.

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But you wanna make sure that you are delivering the highest quality information

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that you possibly do,

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something you're certain about and something you really

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producing results. If you're not certain about the results,

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then you're gonna have a hard time selling it.

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You sell most easily the thing you feel certain about and you've delivered and

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you've got track record and you know you can do it.

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There's some things that I know absolutely I can deliver on and those things I

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can deliver without question and other areas that I just tell people,

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that I'm not certain about, let's go down the alley, let's find out,

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that's not my area of expertise.

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And I can either bring in a specialist or I can say,

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well I'm on a learning curve with this too, let's go work and join on that.

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You don't wanna mislead them. But at the same time,

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you wanna make sure you have something that you're specialized in knowledge on.

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You wanna also define what it is that you have as a client, who is your client?

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You want a high quality client,

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you wanna define what it is that you're looking for. You know,

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is it an entrepreneur, is a certain age, is a certain type of business,

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is it because you've had a certain type of business, you know that business?

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My coaching really started in the health field,

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I started out in the profession that I was in.

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I did coaching and consulting in that area.

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And I did about a thousand clinics in the eighties,

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about thousand offices I consulted and coached on and assisted them in.

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And then that went into podiatry, it went into dentistry,

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it went into other fields of healthcare. And then from there,

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because I knew how to grow a practice.

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I could take a practice from something from zero to millions of dollars,

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I knew how to do that, so I could help them do that.

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And in the process of doing it,

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expanded into other businesses because there was a lot of overlap.

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So I started in what I knew and let what I knew grow as I did and the variations

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that went along with it. But I basically knew I, I had that information.

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I knew from my own track record, in my own experience,

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I knew I could deliver on that. So start with what you know,

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let what you know grow,

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continuously educate yourself on the topic that you're actually gonna do,

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make sure you're a master of that.

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And whatever you do put together a package and pay close attention to the needs

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of the audience.

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Some people go out there and look at what's being sold out there and look at

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key, you know language that seems to hook people and that that's fine,

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but the reality is you wanna make sure that you are delivering what people need.

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Otherwise, people aren't gonna do it. If there's no demand for your supply,

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you're gonna be working uphill and you're gonna be trying to sell something that

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people aren't interested in. Don't make presumptions about what people need.

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Find out what they need.

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And the way you know that you're hitting what they need is because there's now

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demand, they're wanting your services,

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which will drive your prices up and drive your services up.

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But you wanna make sure that you're basically hitting those needs and the only

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way you know it is by, there's a demand. There's no demand,

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you're not meeting people's needs.

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The way you're articulating the language online,

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or the language when you're meeting people, is not meeting what their,

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they're not biting.

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They only bite when they see something that's meeting their values.

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Every human being has a set of priorities.

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Every client you'll ever have has a set of priorities and they have a set of

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values that they're wanting to fulfill, and if you don't know what they are,

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you know on my website, there's a Demartini Value Determination process.

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If you haven't gone through that and learned those questions

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and possibly even come and learn that skill at a training or whatever,

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you may wanna find that,

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cuz I know a lot of coaches when they incorporate that into their game,

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it definitely upgrades their outcome.

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They grow more clients because they're now knowing how to determine what the

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people are actually looking for,

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and then you can provide the services accordingly.

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But you first need to go and find out, you know, when you're selling you,

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you going to meet and greet people, then you gotta gain some rapport with 'em,

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then you establish some needs, you need to confirm those needs,

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you need to then offer a solution that matches that need, not presuming,

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but matches that need. Then you need to handle the obstacles,

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which are usually inversely proportionate to how well you meet that need.

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And then you end up closing the deal and then providing the services and

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simulating referrals.

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So you wanna make sure that you have your website that has the information on

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there that is presenting and greeting them,

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making sure you're asking question to establish, cuz to sell is not to tell,

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it's to ask questions.

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Almost every day I get people trying to offer me services online and tell me

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what I need. I just delete 'em.

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Unless you're asking questions and establishing a need, you're wasting time.

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Don't ever try to offer a service until you establish a need.

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Don't try to offer service that you don't know you're skilled at just to get a

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client,

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cuz then your brand will be affected when it's something you're not masterful at

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and you're not gonna actually deliver on. So don't don't be desperate,

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be targeted. And then put together an amazing package that's irresistible,

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a package that somebody is definitely gonna want.

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And maybe you have to start out at a rare fair fee and then work your way up and

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grow your brand. You know,

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I've many times delivered on a little deliverable on something and on

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a plane I've been on a plane,

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somebody flying with somebody and I start talking to 'em and I start helping 'em

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on something and establish some needs and establish some things and help them

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right on the spot, I didn't, don't even charge 'em for it,

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just help them and show that I'm caring and working with them.

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And then when they turn around and ask, well,

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do you have a card or do you have information,

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and then I can tell 'em about a service,

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but I usually kind of wet their appetite and give 'em some wow factor that's

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mind blowing to them and then they go, wow, I could use more of this.

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And then they're interested,

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but don't ever try to close a deal until you've established a need and confirmed

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a need and made sure that you have something that

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that's important.

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But making sure that you actually target that and qualify the client.

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I had qualifiers, you know, before I can accept you as a client,

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there are certain qualities and certain criteria that successful clients meet.

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And write out the criteria. You know,

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they need to make sure that they're they're on schedule when they come in and

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you do your meetings,

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make sure that they're paying and keeping current with the financial

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responsibilities,

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making sure that they're applying the principles or not doing it or otherwise we

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won't continue.

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You need to qualify the client so you're not sitting babysitting people and

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pushing people uphill. That's why, again,

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you wanna make sure you know the value system,

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because the only thing you can expect your clients to do is gonna be what they

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value most, what fulfills their values most.

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If you don't know what their value structure is, you're

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That's why I train people and coaches on that process because that's a crucial

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component cuz in the area of your highest values, you excel,

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in the areas in your lower values, you don't,

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and many people don't know what their values structure is,

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the hierarchy of values that they live by.

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And that's what determines their perception, decisions, and actions.

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And then as a result of it,

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they're trying to get 'em to do something that's low on their values and they

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procrastinate, hesitate and frustrate, they're not acting on it.

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And then you're frustrated because you're not getting the results with them.

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And they're frustrated cuz they had a fantasy that they were wanting to get a

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result that was outside what they valued.

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That's a component that's really crucial if you wanna get results.

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Another thing you wanna make sure you're doing is when you're qualifying a

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client you have some sort of metrics and some sort of KPIs that you're following

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on them in addition to following on yourself,

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in addition for them following on themselves. You know,

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what exactly are you measuring?

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You wanna make sure you have measurables in there and accountables so you can

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actually measure things. You want objective data and

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Sometimes they'll tweak what they're saying to match so they don't get

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scolded or whatever,

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but let's get some objective data so you can measure things by it. You know,

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when I was working with clients,

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we used to have a number of new clients and the number of visits and the number,

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the dollars per visit and we had a bunch of KPIs on there,

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the overall case visit average, the collections ratio,

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I mean everything in their business,

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you need to be able to have those monitoring metrics to be able to know what

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you're doing with the business and you or somebody that's working underneath you

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is monitoring those metrics and keeping current with it.

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Because otherwise you don't know what you're really accomplishing other than

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they might tell you something,

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and then they might all of a sudden drop out if they're not really being honest.

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So make sure you have a metric, make sure you care.

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They're not interested in working with you unless you are really interested in

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getting a result for them. And you need to have that as your mission.

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And you wanna be clear on your mission. What exactly is your mission?

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Who are you wanting to serve and what is the outcome you want and what is really

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deeply meaningful? And don't put something just for fun,

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put something that's truly inspiring. You know,

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I've been involved in personal development and human behavior for 49 years in

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teaching, you know, I have a track record. I don't,

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this is not something I just do for a weekend here and there, I mean,

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I do it every day, seven days a week. Target what it is you work on.

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So you can't wait to go and serve them. When you do that enthusiasm,

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that inspiration,

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that gratitude for getting a result and that love for doing it,

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and the certainty because you know something about it and the presence when

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you're really doing something you're engaged in,

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is definitely gonna be a marketing mechanism. You know,

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Peter Lynch in his One Up on Wall Street many years ago said that, you know,

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when he's is deciding to buy stock in his

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you know, investments he's looking for,

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he goes to the actual company after he does his technical and quantitative

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analysis,

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he goes to the company and actually looks for people in the company and looks

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and see if they're grateful for their job, loving what they're doing,

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inspired by the vision, enthusiastically working,

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certain in their skills and present with their clients. If they do,

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that company's going up.

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And so you wanna make sure you're doing that cuz if you want your company to go

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up, you're gonna exemplify that.

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Another thing is to make sure that you save a portion of whatever your profits

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are. You know, I learned a long time ago when I was 27, I'm 67 now,

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40 years ago that take a portion of whatever you make and make sure you put it

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into savings until you have a cushion and then put it into investments.

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If you're not saving and investing on every client,

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you're gonna stop your growth, I promise you. Until you invest in you,

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don't expect others to. Until you value you, don't expect others to.

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Until you invest and put money away where you get passive income coming in and

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have a cushions for stability, don't expect a consistent stable business.

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You wanna make sure that you do it. I started out at a little $200 a month,

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$300 a month, $500 a month, 750 a month, a thousand a month, 1,100.

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I kept increasing at 10%.

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And my margins kept getting more profound ever every time I did it.

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When you manage money wisely,

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you receive more business and more money to manage.

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So you wanna make sure you're saving and investing no matter what,

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don't wait until you see well, when I get some extra, then I'll save. No, no,

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no, no. You save and invest upfront.

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Because entropy is going to take away your potential profits and unexpected

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bills are gonna come in if you don't automatically pay yourself first.

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The wealthy have always known that.

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There's basically a law that if you don't fill your day with high priority

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actions that inspire you,

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your day's gonna fill up with low priority distractions that don't.

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If you don't put your money into asset accumulation,

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it's gonna end up with depreciable consumables that are unexpected bills.

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And once I learned that and I forced my say savings and kept increasing it,

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automating it, no emotion just automated electronically,

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my business just started growing.

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It started growing locally and then eventually globally.

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And now I'm financially independent because I did that.

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And the more wealth you have, the more people wanna do business with you.

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Believe it or not, nobility and power and influence and wealth,

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those are all things that magnetize and draw people to you.

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So if you're struggling, don't expect but struggling clients.

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But if you're valuable and you've empowered yourself,

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then you end up with more powerful clients. You know,

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I always say that if you have a thousand dollars saved you get thousandaires,

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you get a million dollar saved, you get millionaire clients,

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If you get a 10 million, a decamillion, you got $10 million clients,

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you got a hundred million, you get a centimillion dollar clients.

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You're going to resonate and draw in people that you've mastered. You know,

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you also aren't gonna grow a business on a global level,

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unless you have an astronomical vision.

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I've said for years that if you want to be number one in your community,

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you need to have a big vision as big as your city.

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If you wanna be number one in the city,

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you need a vision as big as your state province.

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If you wanna be number one in the state,

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you need a vision as big as your nation. You wanna be number one in the nation,

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you need a vision as big as your world.

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And if you wanna be number one in the world,

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you need to have an astronomical vision. What is your vision?

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How do you see your clients?

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If you were to ask yourself if all of a sudden my clients were to double,

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would I be able to handle it? What's my weak link,

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where's my block in the growth process? And be prepared for it.

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People that are really great coaches are basically people foresighting and

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they're thinking advance and not just reacting and hindsight,

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they're foresighting. If all of a sudden I doubled my business,

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where would I break down,

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where would my bottle necks be and how do I solve them in advance and making

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sure that you're delegating things. You know,

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if you're doing a one-on-one client, you're probably gonna,

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if you don't have any staff members or anybody that you're delegating things,

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you're probably gonna be trapped doing things,

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and you're gonna be scheduling and you're gonna be doing administrative work.

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Frankly, I, I stopped that when I was 27, I gave that up 27, 28.

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You know, you wanna make sure that you do what you do best,

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which is doing the deals and doing the service and delegate the rest away.

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You're not gonna grow your business unless you delegate.

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And don't do desperate things. Anytime you do lower priority things,

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you're gonna have clients that're gonna do the same thing and they're not gonna

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get results, cuz you're not gonna get results.

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Make sure you prioritize what you do, you know,

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go through and make a list of everything you do.

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Look at how much it produces per hour and prioritize it.

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Make sure you look at how much meaning it has.

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Make sure it's doing something that's inspiring to you that produces the most on

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the services. Make sure you then find out what it costs to delegate it.

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Look at the spreads on what it produces versus what it costs and hire people to

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do the lower priority things so you're not doing, you know,

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the trivial administrative things. It's important for the business,

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but not for you.

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You have an area of expertise that can charge thousands of dollars per hour,

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possibly, or hundreds at least, and so in the process of doing that,

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you don't wanna be doing something that's a $50 an hour job,

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or you're gonna be devaluing yourself. And once you do, they do.

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They're not gonna value you if you don't value. And so that starts with you,

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when you know how to manage your own time and manage your own business

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effectively,

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you're gonna be able to draw more people to you cuz they're gonna see that

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result. Also when you meet people, you know,

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you want to ask 'em questions and establish needs,

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as I've said and interact with them. You know,

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I'm a firm believer that wherever I go and whoever I meet and greet,

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the more I treat as I say.

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And so you wanna expose yourself and the greatest way to leverage yourself is

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speaking. Without a doubt,

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my life is where it is because I learned how to be a public speaker.

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If you're not taking advantage of public speaking,

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I think you're gonna make it harder on yourself to grow your business.

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So if you're not used to being on YouTube and doing, you know,

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the social media games and doing podcasts and doing messages and exposing

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yourself to thousands, if not millions of people,

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then you're probably gonna limit the outreach.

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And it's nothing wrong with growing organically, that's fantastic,

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the best clients are still referrals. But you might as well expose yourself.

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I go on podcasts every day. I go on on keynote speeches.

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I expose myself to literally millions of people every year,

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millions of people every year, we've done nearly 200 million this year.

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So if you look out and go reach out,

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reach to thousands of people and you have a website that's got some traction and

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it's got something of value on people,

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then you're gonna have people calling in and communicating and trying to get

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information. But if you're not exposing yourself,

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then you've got a linear growth instead of an exponential growth.

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And you wanna take advantage of that. If you have a book published,

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that helps also cuz then now you're perceived a little

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expert. I've had many books on my thing. I'm in the process of doing 10 more.

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In the process of doing that, that helps target, it helps marketing.

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I don't make big money on those books. That's not where my focus is,

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but it's good marketing areas on it. I sell thousands of books around the world.

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I think we're in 39 languages, but at the same time that also helps.

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And I put out articles,

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I've written for 1500 plus magazines around the world and newspapers.

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So constantly getting out there and exposing messages out there to get your

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brand recognition out there is part of the game. And I don't know, you know,

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there's no shortcuts on that as far as I know, you're not gonna do it,

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I've seen people go out and grow their business from clubhouse and social

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medias, but it's delivering it. It's all boiled down to delivery.

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If you're not actually making the delivery on the products, services and ideas,

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then you know, you're not going to keep clients.

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And also you wanna make sure you have at least three upsells.

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That's been my observation. Whatever package you offer them,

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have a more advanced package and have another more advanced package so that you

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keep delivering more value to them, and make sure it's real value.

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Make sure you have something. You know,

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I know a friend that did coaching business and he brought in other expertise and

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they kept coming,

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the clients kept coming through him cuz he kept bringing in other expertise and

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he wasn't afraid of having another expertise because

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he grew thousands of clients that way and had big conferences periodically from

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coaching,

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because he kept bringing in extra special consulting services and

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then had discussions.

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So he'd bring in a specialist and then they'd have a discussion and he knew the

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information and they knew the information and they all just kept growing

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together.

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If you're not growing and adding to your knowledge base on a daily basis and

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researching and studying and learning and growing,

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you're probably not gonna keep current and fresh and you're not gonna be

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enthused. I found many,

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many years ago that if I'm constantly researching and filling gaps in the giant

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cosmic puzzle of life and have something that's new and inspiring to deliver,

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I can't wait to deliver it, people can't wait to get it.

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So I'm constantly putting that energy in there.

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And also you want to ask yourself,

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what is the highest priority action I can do today that can serve my clients the

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most? What is the number one thing that they need,

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and where do I get the knowledge to go and deliver that and make sure I get you

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know, expertise that's solid. Don't give fluffy stuff,

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give something that stands the test of time. I like studying the classics.

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I don't wanna be a fad. I don't wanna be just a temporary trend.

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I wanna be a classic, something.

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So I stand on the shoulders of the greatest people,

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greatest in the field and devour their literature and study the things and go

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attend classes and go and make sure I'm getting feedback and metrics.

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I wanna make sure I've got knowledge that when I say it, I'm certain about it.

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I know that I can deliver on that. If you do that,

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you're likely to grow the business.

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So in a summary here I'm gonna say that you want to target the clients that you

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know you can deliver most, start with what you, what you know, let it grow.

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Make sure you gain specialized knowledge in it,

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make sure you know what your mission is and what you're real committed to,

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what you're really commit to, not what you just think it is,

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but what is your life demonstrate you're really committed to, target that.

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Something that you're working on in yourself is usually the common thing that

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you wanna specialize on, that's part of the game.

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Make sure that you're saving and investing a portion of it,

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the more cushion you have in your business, the more stable it will be.

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And the more you're increasing your savings and investments,

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the more business you're gonna get, I guarantee it.

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If I could come into your business and force you to do that and structure it for

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you, I guarantee you, I could grow your business very rapidly. I've done this,

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I've done it for thousands of people and I'm absolutely certain it will work for

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you. So make sure you're saving and investing a portion of your business.

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And make sure also, if you haven't learned about the Demartini Method,

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the method I have on how to resolve emotional baggage

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stopping people from, you know,

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distractions are things they get infatuated with or resent,

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that they get emotional about, cuz until they can manage emotions,

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they're not gonna go and excel in their business and coaching business.

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Make sure you go and do the Value Determination process on my website,

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it's free, it's complimentary, it'll be a tool that will be very helpful,

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because people are only gonna live according to their values, not yours.

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And don't project onto them assumptions.

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And don't make assumptions about what they need. Find out, get metrics,

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follow through on the metrics and care enough about 'em. You know,

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if your inner most dominant thought is to go out and help them grow their life

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and their business and do and help them master their life.

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That's been my dream since I was 17 years old,

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to help people do something extraordinary with their life and master their life.

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Whatever that area of coaching is, makes sure it's legit from you,

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make sure it's your heart, it's soul.

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If it doesn't bring you tears of inspiration doing

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you're not documenting the feedback you get,

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every time you get a thank you from a client, document it.

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Put it into categories so you have a list of all the different testimonials and

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documents that you have. Some of the most inspiring thing.

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I have a daily gratitude journal that I have all the thank you's on and all the

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clients that come in every single day and those inspire me and those are stories

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I can use and that's information I can pass on and it's anecdotes that you can

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help other clients with.

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So keep records of all the results you get with people and just keep growing

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that base. So that way you're being fueled by the contribution, you know,

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when we may make a difference in people's lives,

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that's the thing that makes us most inspired to get up and wanna go do more of

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it. And that's something that when you're enthused about doing it,

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then people they come around to watch you burn when you're enthused.

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I found a long time ago when I'm in really inspired and my innermost dominant

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thought is my clients,

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the innermost dominant thought for them is getting my service.

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So make sure you do it , write down all the names of the people you wanna serve.

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I found that if you're outta sight outta mind.

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I remember going to a doctor's office one time and I said to him,

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I want you to list all the client names you have and start doing it and the

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second you have a one second pause or two second pause between the client's

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names, we'll stop.

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And they started rattling off the names and they got to 68 names. And I said,

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all right, that's, you're running out of names now all of a sudden,

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and then we looked and we found out that his practice capacity,

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his business capacity was exactly 68.

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That's what he was averaging in his client base per day.

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And it was really interesting, cuz if they're not in your mind,

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they're not in your life.

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So you keep a record of those people and keep monitoring and see what they're

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doing and look and monitor the progress and keep a master sheet on the thing and

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make sure you're doing that. And then stimulate referrals,

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have a goal to be able to have for every client you have that you generate five

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or 10 new clients out of it. Make that as a goal.

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I used to have what I call the enchanted forest in my office. We had,

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for every patient we had, we had a name for them.

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And then we had a place for them to write 1, which I call grass people,

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a few, three to five, which was herb people,

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up to 10 was bush people and anything over 10 was forest people.

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And we kept records of all the referrals that did and we used to ask 'em, says,

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have we done something that's not fulfilling to you

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only referred one person here, and most of our clients refer about eight.

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And ask what are we doing that's not fulfilling your things.

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And then make sure you fill in that need and make sure you do it so they have an

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inspiration to do it. And then they know that they're expected to refer.

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And because people that really are inspired,

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that's a sign that they're wanting to refer people,

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they're inspired by the results. And if you're not getting the results,

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then you're not gonna get referrals so, make it a point that that's the,

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your inner most dominant thoughts gotta be about the results of their life.

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When they can see that you're about making a difference in their life,

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they're gonna wanna refer because they have people,

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they wanna look good in front of people. So look the part, dress the part,

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be the part and go the extra mile. You know, it's the sizzle, as they say,

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and it's the person that goes the extra, the effort.

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Be willing to do whatever it takes, travel whatever distance, you know,

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deliver whatever it takes to get the results and watch what happens.

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And I know that that will help on the coaching business.

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I just hit a few highlights of things that I've found in my own business,

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but yeah,

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value yourself because if you do they'll value you and make sure you do what you

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can to make a difference in their life

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then it's really specific and find out what their real needs are,

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not what you assume their needs are.

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To help you on this journey of being a great coach,

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I put together a free masterclass called Accessing Your 7

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Greatest Powers. This is a gold mine, the information on this,

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I guarantee it can be transposed right on into helping the clients.

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So you've got more to offer them and something inspiring to them.

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And so please take advantage of this free on demand masterclass Access Your 7

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Greatest Powers. This will,

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I guarantee you give some more information you'll be able to deliver with,

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and it's all about deliverables. It's all about results.

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And so if you're innermost dominant thought is about transforming their lives

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and making a difference. You know,

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what a gentleman made a difference in my life when I was 17 years old,

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named Paul brag that night on the floor,

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sitting there in a little recreational hall when he was speaking,

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I said to myself, someday I wanna do like this man.

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I wanna be able to make a difference in people's lives.

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If you're absolutely inspired to make contribution and make a difference and

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serve people and serve ever greater numbers of people and you're willing to do

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whatever it takes, travel whatever distance,

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pay whatever price to give that service,

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and you're willing to value yourself and invest in yourself and with education

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and learning and constant growth and expansion and stick to what you know,

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and be integral with that,

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and then go out there and do whatever it is to expose yourself with speaking,

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you're you're going to grow your coaching business.

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Please take advantage of the masterclass and the Accessing your 7 Greatest

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Powers. Please go online and get the Value Determination process.

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It's a gold mine to help people with.

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And come and join me at the Breakthrough Experience so I can teach you the

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Demartini Method.

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It's a tool with a thousand uses that is absolutely essential for coaches.

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And I look forward to seeing you next week or whatever program we do.

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Every week I'm doing something else to try to help people expand their lives.

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And thank you for joining me today. I look forward to seeing you next week.

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Please take advantage of the masterclass. I'll see you next week.

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