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How many times has this happened to you? You are talking to a prospect who sounds like a perfect coaching client for you. You have had a wonderful conversation and you are really looking forward to working together. But at the last minute, as soon as the prospect hears about how much you charge for your coaching services, the prospect says: “I can’t afford this!”
So, what do you do? You have three options:
This is the worst option. You should never lower your coaching prices.
When you lower your coaching prices the message that you are sending out to the world is “I do not value my own coaching services, so I am lowering my prices.” If you do not value your services, no one else will either.
Even if the client decides to hire you at the lower rate, you will secretly resent the client and will not be able to be your best with this client. This is a lose-lose situation for both of you.
Tell the potential client that you would love to work with them, but your rates are your rates, and that’s what you charge.
Better than option #1, but you still did not help the client and did not earn any more money. This is why we have:
This is the best option for both you and the potential client. Not everyone is going to become your one-on-one coaching client. But you still want to help as many people as possible, but not necessarily by working one-on-one with each of them.
Offering products to people who can’t afford your services helps you in many different ways. You are able to help them without having to lower your fee. And you are able to make money - a win-win for both of you!
So, how can you offer products to your potential customers? Here are a few options:
Here are some products you can create:
- E-books.
- Audio Products. Record yourself on your computer, record an interview with you or someone else, record a class or workshop, etc.
- Teleseminars. Teach a class over the phone.
- Membership Web Site. Repackage your knowledge, and help your target market in a group setting.
Want to create your own products? Read Information Products Articles to learn how to create your own information products.
Or, you can
So what if you don’t have any products for sale (yet!) and you need to recommend a product to someone today? Recommend other people’s products! You can recommend other people’s products and still earn money with them!
Recommend books. Books are great to learn from and inexpensive to purchase, so most all of your potential clients will be able to afford them. Join an affiliate program at Amazon or some other online bookseller and you will be able to recommend books and earn money. An affiliate program is a program that lets you recommend someone else’s products, while earning commissions on every sale that you refer.
Recommend products from other online business owners. If you have used another business owner’s products and think that your clients and potential clients will benefit from those products as well, join the business owner’s affiliate program and earn money by recommending their products.
It may not be obvious from the business owner’s web site whether they offer an affiliate program or not. If you want to recommend someone’s products, but you can’t find an affiliate program on their web site, you may want to e-mail the business owner personally and ask if they offer an affiliate program.
Learn more about affiliate programs -- read Affiliate Marketing Articles.
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