One Thing: Day 828: Key. Ratio. Acquisition.
Day 828: Key. Ratio. Acquisition.
Yesterday I gave you a few scripts to increase your coaching sales with scarcity and urgency as well as a billion-dollar idea my uncle’s girlfriend gave me.
Speaking of audio commands…
Here’s an awkward conversation between my uncle’s friend and her daughter I had the misfortune of listening in on:
Daughter: Mom, I’m dating our neighbor.
Mom: He could be your Dad.
Daughter: Age isn’t an issue Mom.
Mom: No… I don’t think you’re understanding me.
Me: *awkward silence*
In other news…
The respect comes after the work… not before.
Your One PROFIT ACCELERATION THING Today Is:
Note: You’ve likely heard me say on my podcast or internal Focused.com Q and A calls that the most successful brands in the world all have only ONE THING in common…
… Gross Profit Margin.
Here’s a ratio you want to help your clients figure out and I wouldn’t invest in a company that didn’t have an impressive one of these:
Lifetime gross profit per client / cost of client acquisition.
As a business coach if you keep clients for 12 months and charge them $24,000 per year… and it costs you $2,000 to acquire them.
You have a ‘12 / 1’ ratio of ‘lifetime gross profit per client / cost of client acquisition’.
Translation: Excellent and that’s part of why we’re consultants / coaches…
… PROFIT MARGINS.
Help your client figure out this ratio.
It’s a critical one.
You heard it here first.
Now, pick up the phone and go help someone.
Obsessed with your business coaching success,
Karl Bryan aka King Karl
PS. You’ve got one life, so do it ALL…. quit living like you get a second chance.
PPS. If this helps and you want it to really sink in… GO TEACH IT to someone cause that’s the best way for you to learn it. A friend, your spouse, a prospect, a client etc…So will your bank account.
*Don’t plagiarize my work like a lame arse.
PPPS. Marriages break up from lack of money… over lack of love X 100.
Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.
As good business coaches we save marriages, save families, save kids from self-destruction… we save lives!
A true life of purpose.
PPPPS. If you’re looking for a proven system to follow for your coaching…. I created Profit Acceleration Software™ as well as our Digital Acceleration Software™ and high-end step-by-step training to support it…
It’ll teach you ‘How to find any small business owner $100,000 in 45 minutes without them spending an extra dollar on marketing or advertising.’
Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?! And a proven coaching system created for you to follow with your new coaching client.
PPPPPS. Forward this to someone that needs to subscribe to my daily emails and get a limited-time, complimentary subscription to my business coaching magazine go here:
PPPPPPS. They tell me my Podcast is Ric Flair style, Money Makin, Client Getten, Joint Venture Landing, Event Fillin, High-End Coaching Client Findin Gold For Business Coaches.
Missed a day? Catch up here.
Karl Bryan, creator of Profit Acceleration Software™
Karl is the Founder and Editor-in-Chief of The Six-Figure Coach Magazine and Chairman of Focused.com, home of the largest private community of Business Coaches (24 countries and counting) in the world. His goal is straightforward… to help serious coaches/consultants get more clients. Find out more at focused.com
You may also like