If you're a coach, consultant or high value entrepreneur who's working with clients one-on-one and not in a group coaching setting…you know what I'm talking about.
One-On-One “Done For You'” client work is not scalable, and in a lot of cases will leave you mentally and physically drained.
Let's say you're a freelance SEO Consultant who works with medium sized businesses to improve their website rankings. You are really good at what you do, you charge $10o per hour on your consulting gigs and you're usually booked up 40 hours per week.
At this point, you are making $16,000.00 per month and living a comfortable existence as an entrepreneur (although you are working 40 hours per week inside of your business).
But, the only way you'll ever be able to grow your business using this, “income for time model” is by either working more hours, or raising your rates.
So, you can either work 6o hours per week inside your business, or you can raise your rates and see how your clients react (and your still working 40 hours per week).
Me personally, I hate all of these options.
Now, let's say you're the same extremely talented and knowledgeable SEO Consultant but, instead of trading your time for dollars and working 1-on-1 with clients, you have a signature group consulting program where you work with business owners on optimizing their SEO over a 12 week program.
You know that your system works (you've put it into action with clients many times) and is extremely valuable so you price the program at $5,000.00.
You create a membership site and drip feed the content to your clients while helping them accomplish one extremely valuable milestone per week.
You do a live weekly QA session where you answer all of your current client questions at once and keep a record of the call.
All you need to do is enroll eight clients into this group program per month and you're making $40,000.00 per month, working 10 hours total and delivering incredible results to every one of your clients, every time.
This is the path to financial freedom, independence, wealth creation and this is the path to hitting a million dollars per year and beyond in your coaching or consulting business.
Summary: Stop working with clients 1-on-1 and create a group coaching program of your most valuable content and knowledge.
- Figure out exactly who your ideal client is and exactly what problem they're facing that you can help solve.
- Make sure your system and program works and provides incredible results for your clients.
- Create a structured group coaching program designed to get your clients amazing results in a group setting.
- Enroll premium clients into your new group coaching program and disconnect from the time for income trap.