How Much Money Do You Really Need?

Because I’m sensing this strong undercurrent of desperation in many business owners about making 6 or 7 figures, I wanted to invite you to take a different tact:

Ask yourself, what’s the least income you can make right now and still live a happy life?

Not ‘I want to make a million dollars by the time I’m 40’ and you’re 39 now and the most you’ve ever made is $50k. Not ‘I want to make 6 figures by the end of this year’ and your current monthly revenue is $2k.

So, what’s the least you can make that will take you to that very next step in your vision – not the BIG vision – but just the next bump up?

What’s the least amount of money you can bring in that will give your current lifestyle the boost that will make you smile, that will make you feel and know you’re moving forward, and that will continue to motivate you onward?

You see, I’ve been asking myself the same question lately. And the reason is because I’ve been starting to feel really stressed in my business and frankly I’m not having as much fun as I used to in it either.

And because of a few other things that are attributing to this feeling of heaviness that are outside my business, I’ve been feeling a need to shift things. Just small shifts for now, while allowing the bigger shifts to more fully form without pushing them into fruition until later.

So here’s my answer to this question and how you can figure it out for your own business too:

Step 1: Get cash clear

Get crystal clear on how much money you really need to live the lifestyle that you’re happy with, not the one you’re striving for (I guarantee when you give up this grip, money will flow more abundantly to you).

This may mean having a conversation with a spouse or partner. Do it. Especially if you are in a financial partnership with someone else, you’re likely not the only one feeling the push and the pressure for more. Do yourselves both a favor and figure out what’s the minimum level for you. You may be able to give up or put aside one or more of your current income streams so you can have more of the time freedom you crave, knowing you still have enough to enjoy your life.

Step 2: Be sure all your eggs aren’t in one basket

If you’re relying on high-end pricing and programs to carry your business, you may be setting yourself up for a financial fall. Your clients and customers are being more and more discriminating about where they’re spending their money – and that’s not going to change anytime in the near future, not while our economic outlook is still bleak.

Be sure to have different ways in which you can serve your market, not just one-on-one. Offer lower priced programs and products to help more people as well as to diversify your cash flow.

Step 3: Build your business around your life

This is a mindset shift for many people. But if you’re in business for yourself, isn’t it so you can design the life you want to live? Not so you can work more, but so you can work less, and still enjoy a great life with the income to support it?

In order to do that, you have to schedule your life first, then your business-building activities around that. This is how I’ve been able to take off almost 3 months every summer for the last 15 or so years. My business doesn’t suffer; in fact, it grows because of my commitment to this principle.

Figure out how to make the money you want for the next level of your business (again, not the BIG vision, just the next bump up) in the time that is left after you’ve planned the life you want to live first. Then ask for the support or hire the team you need to help you make this happen.

When you put your life first, the time towards what makes you happy, the focus on just the next bump while you tend to LIVING, all the ‘more’ you want (which we all want, by the way – we are all here to grow and to be, do, and have more) will come. This I know for sure.

3 Easy & Effective Alternatives or Additions to Your Coaching Packages

One of the things I enjoy about coaching is that I get to be creative with how I work with my clients, including how to create easy coaching packages that work for both of us.

In the 15+ years that I’ve been around the coaching industry, I’ve seen a rapid change from traditional 1:1 coaching of three 45 minute sessions per month for a monthly fee to session bundles, coaching programs that last as long as a year, in-person retreats, and much more.

So there are some simple ways that you can add value to your current coaching packages, or offer these alternatives to phone-only coaching as stand-alone packages, that can be very enticing to your clients.

Consider adding any of the options below to increase the value of your packages, or offer them as a stand-alone package, giving your clients a way to work with you at a more accessible investment, as well as help you as the coach to leverage your time.

Here are three of my personal favorites:

1. e-Coaching

In addition to phone sessions, one of the ways that I’ve coached my private clients is through e-coaching, or coaching via email and/or instant messaging.

I hold a firm belief that email coaching is just as powerful, if not more so, than phone coaching – and here’s why:

When you send an email asking for help, the simple act of writing and sending it creates energy that initiates the process of an answer coming to you – and not just MY answer.

When you put a problem out into the world, not only do the synapses in your brain start firing (our brains can’t help but answer questions) to come up with a solution, but the Universe starts working in order to bring you a solution as well.

It’s why experienced coaches understand that the real coaching happens between the sessions.

And e-coaching is also just a whole lot easier – you don’t have to schedule a call, you don’t have to be tied to a phone, or even a computer (you can e-coach via smartphone). And your client doesn’t have to wait until their next session to get the support they need – they just send an email!

2. Audio Coaching

For those of you who would rather coach by talking instead of typing, here’s an idea for you.

I had a private client once who was a coach and she was happy to receive questions via email from her clients. But she preferred to answer those questions via audio. What I suggested she do was to simply call into her recording service or use the app on her phone, record her answer, and then send the client the MP3 link to listen to. She loved answering client questions this way, and they loved hearing her voice. Simple and brilliant!

3. Video Coaching

Video coaching has become popular over the last few years, but there are many coaches who still prefer phone-coaching. However, video coaching is an effective alternative and might be preferred by some of your potential clients. When I was private coaching, I did video coaching most often with my clients who lived outside of the United States via Skype. It was free for both of us and it was the next best thing to being in-person.

And you could also offer video coaching in the same way that I described above in #2. For example, I had another private client who preferred recording a quick video where she could share screenshots, links and more in response to her client’s questions and requests for help. I do this for my Lively Biz students using a free service called Loom. Sometimes it’s so much easier for me to answer a question by showing how to do something via a quick Loom video vs typing it all out.

Which one of these alternatives or additions to phone coaching could you add to your current packages or that you could create a stand-alone package to offer?

I’d love to know – share with me here

Strapped for Cash? 7 Ways to Have a Sale Today

Want to encourage people on your email list to buy one (or more) of your products or programs sooner than later? Have a sale! I’m sharing 7 super-simple ways that you can provide great value to your audience while bringing in a great profit for you at the same time!

7 Ways to Have a Sale Today

1. Half-Off Sale

Offer your product or program for 50% off its usual price. That may seem like a big discount – and it is – which means that many more people are likely to buy it.

Or go one step further and offer all your products or programs at 50% off (except any one-on-one work with you, of course!).

I’ve been thinking about buying a few products over the past year from one site, and when they had a 50% off sale recently, I jumped at the chance to buy not just one, but three products for half-price. Give your list the chance to do the same.

 

2. Close-Out Sale

Do you have a product or a program that you are no longer going to offer, perhaps to make room for some new offerings? Or are you coming out with a new version of one of your offerings? Have a close-out sale by offering a deep discount.

As an added bonus, you could then offer those people who bought your offering at the close-out price that same amount in a discount if they buy the new version.

Here’s a bit of inspiration for you: One of my close-out sales brought me over $10k in less than a week.

 

3. Re-Gift Sale

Remember the Seinfeld episode about re-gifting? Do something similar for the stock of any of your products that have been returned. “Re-gift” the ones in good condition to a new buyer for a discount.

 

4. VIP Sale

Offer a coupon or promo code ONLY to your email list, or to your clients, or to those people who have bought from you before, that’s good towards the purchase of any one or all of your offerings. You can set this up in your shopping cart system very easily, so there’s no other extra work on your part.

 

5. Free Shipping Sale

Offer free shipping on any of your physical products for a limited time, or offer free shipping on all orders over a certain amount.

Personally, if I’m looking to purchase something online, I always search for (and almost always find) a ‘free shipping’ code before I buy.

 

6. Bonus Sale

Add a valuable bonus or two to your offering for a limited time. It can be something you’ve created or something from one of your colleagues that your niche would benefit from.

Leverage this kind of sale by doing a “bonus sale swap” with a colleague, where they would offer a bonus from you and vice versa. Your own sale will bring you cash, and your bonus offering for your colleague’s sale will bring you more subscribers to your list, which will ultimately bring you more cash.

 

7. Just Because Sale

This is a favorite of mine – having a sale just because – it’s your birthday, you want to show your gratitude to your list, it’s the 1, 5, or 10 year anniversary of when you went into business for yourself, or for any other reason you can think of.

Having a sale WILL bring in more immediate cash, but there are some cautions to take when doing so too. Only have a sale occasionally, and when you do, have a compelling reason for it. Otherwise, if it seems you’re always having a sale, you’re planting a seed in your potential buyer’s mind that your offerings may not be worth their regular price.

So, which kind of sale are you going to have to put some extra cash in your pocket today? Share with me in the comments.

Feel free to share this post with your friends and colleagues via the buttons below too – thanks!

 

PS: There are definitely some nuances to making a sale be really successful for you, and that’s something we talk about in the Lively Biz Business Club (my most affordable coaching option). To find out more, be sure to get on the wait list here today, ok?

Are you new to building your business online?

Hi there!

I had a email conversation with a potential high-level client several years ago that went something like this…

“Alicia, I have a successful life coaching practice – full client roster, mostly via referrals, steady 6 figures in income, and I want to bring my business online. I’m interested in your Platinum program – can we talk?”

I told her she should consider going through my 21 Easy & Essential Steps to Online Success System™ instead.

My response surprised her. So much so she graciously asked why it seemed she wasn’t qualified for my Platinum program…(because <insert name>, <insert name> and <insert name> had already told her she was for their programs.

I explained it wasn’t that she wasn’t qualified at all. It was that she was already successful offline and she didn’t NEED a $24k Platinum program to bring that success online.

She only needed to implement the 21 Steps (for $297-) to get the foundation of a successful online business in place, and THEN we could talk about Platinum.

Or I could personally lead her through the 21 Steps program for $24k and call it Platinum… 😉 Her choice… You can guess which she choose, thanking me for pointing her to just what she needed next (and saving her thousands of dollars too).

I’m so tired of hearing stories from you about spending thousands of dollars BEFORE you want or even need to, just to get those critical underpinnings in place.

So I want you to have the same choice I gave to her  – and for even less of an investment than that…

I’m offering you the 21 Easy & Essential Steps to Online Success System™ for just $97-.

Click here to get your copy right now:
https://aforest.leadpages.net/21-steps/

This is the final time I will be offering this program, even though it’s been my bestselling offer since 2006 – it’s simply time to make space for something new to emerge.

This $97- deal ends on Saturday, June 6, so don’t wait, ok?

Click here to get your copy right now:
https://aforest.leadpages.net/21-steps/

Cheers,
~ A

PS: The program comes with access to the private 21 Steps Facebook Group as well as 8 Video Trainings of the entire course… it’s a screaming deal. 😉

Click here to get your copy right now:
https://aforest.leadpages.net/21-steps/

5 Easy Ways to Give Your Niche Something New

One of the ways my business had been successful over the years has been by repeating what’s worked. And then there comes a time when my market and I are ready for something fresh, something new to re-ignite the fires or to advance together into a new level of growth. This also helps keep your list interested, and it helps you stay cutting edge in your market.

Here are 5 easy ways for getting and staying hot in your market:

1. Be recognized…

Start showing up – in-person and/or virtually – at events that are offered for your target market. Throw your own events. Be seen on discussion lists and popular blogs where your target market hangs out. Join the conversation, offer your valuable insights and comments, ask good questions and give good answers. Joint venture with your colleagues and double your efforts with half the work. Join associations made up of your peers and volunteer to be on a committee or head up a project. There are loads of ways to build your recognition in your market. Pick a couple and start doing them NOW.

2. Be open to offering others’ products…

If you’ve hit a creative low point, there’s always the option of offering someone else’s product to your list. It’s still new and fresh material to them and a new offer for you to make. Make a list of five of your colleagues who each have a product offering that complements what it is that you do and start building a relationship with them now (if you don’t have one already), so when you want to offer their product, they’ve gotten to know you and your business a bit so they may be more willing to say yes to that kind of strategic alliance.

3. Be more ‘serviceable’…

Take a fresh look at your service offerings. Write down what they look like currently on one sheet of paper, including all the features and benefits. One a separate sheet of paper, write down how you’d like your services to look, including all the features and benefits. You might be surprised to find a real difference. Based on what you discover, consider repackaging your current offerings in a way that better suits you and your clients.

4. Be trendy…

Enter the conversation already going on in your client’s mind to spark new ideas. What are they reading, seeing on TV, involved in right now in their world? What current event or newsy item or popular TV show can you tie into your sales copy for your offerings that will keep it fresh and make stand out in an already crowded marketplace?

5. Be occasion-oriented

Tie a promotion into a holiday or special occasion. There’s hardly a week that goes by these days that doesn’t have some sort of celebration attached to it. Or you could make up your own. For example, January (New Year’s) and September (Back-to-School) are great months for launching new products, programs, or services that allow the client to do, be and have better.

If you want to keep your clients and customers, keep them interested. Consider offering something new, either in the way of a new product, program or services tailored to their wants or by tweaking your current offerings to keep them fresh and make them stand out in an already crowded marketplace.

I’d love to know which one of these 5 resonates with you the most. Please leave your comments below.