Time to have some fun and do the ONLY kind of math (Brits call it Maths!) worth doing…
FUN MATHS.
Imagine you set your coaching business up according to the principles and system I teach, so each week one new coaching client signs up.
Let's assume you under-charge ($500 per month). And let's assume you have a below-average sign up rate (33%).
But, the whole time you stick with the Never Ending Stream Of Clients System – so each week, your calendar ‘auto-magically' has 3 new potential clients signed up for an introductory coaching session.
Here's how it would all pan out:
Week 1 – 1 new client => Your coaching income becomes $500 per month
Week 2 – another new client => You're now on $1,000 per month
By first month of the system working, you're on $2,000 per month.
By the end of Month 2 => $4,000 per month.
By the end of Month 4 (assuming one of those months had 5 weeks) => $8,500.
That's right – it would take you about 4 months to build up to the point where you're making a 6-figure income as a coach. (Because $100,000 divided by 12 months is $8,333.33 )
Not everyone does it in such a short space of time – mostly because there are lot of things to ‘get right' and it takes some tweaking.
However, when each of the 5 steps of the NESOC system is working, you can expect the money to start building up very quickly.
Following the same maths, 50 weeks later, your coaching income would now be a whopping:
$25,000 PER MONTH!
Keep it going at that steady pace and you'll make multi-six figures with almost-zero overheads in your second year in business, aside from some almost-negligible software costs.
Some people's minds play tricks with them at this point.
“Ah, but I don't want to work that hard”
=> Who said anything about ‘hard' work…? Coaching is fun and easy, and you could enrol everyone into a group. (See yesterday's email on Group Coaching).
“Ah, but I couldn't charge that much”
=> Yeah, because you'll probably soon be charging much more, depending on what else you package into your coaching (lots of ideas inside the program)
“Ah, but clients only sign up for 12 weeks in my program”
=> That's because you're not using my system yet – where everyone, happily signs up for a year… and is super-happy about it!
“Ah, but my sign up rate wouldn't be that high”.
=> You're right. It should be much higher if you use the system I teach inside the program.
You can always talk yourself out of success.
My job as your coach inside the ‘Never Ending Stream Of Clients' program is to talk you into your highest potential and success.
When you let go of the limiting B.S., you might just find yourself living your dream life and enjoying your dream coaching business.
Here's where you take today's FUN Maths and turn it into Super-FUN clients and income: