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Archive for December, 2011

Can’t Afford a Coach? 10 Places to Look to Find the Money

How many times have you wanted to invest in a coaching program, but the first thought that entered your mind was, “I don’t have the money”? This is an automatic response that usually has nothing to do with money. It usually has to do with thoughts of lack, scarcity, that there ‘won’t be enough.’

The problem with this scarcity thinking is it prevents you from making decisions and taking required steps that will move you and your business forward, keeping you stuck right where you are, and actually putting you in an even worse position over time.

The truth is you probably do have enough money in your world to invest in yourself (hooray!), and get the coaching, support, and accountability you need to move your business forward.

Here are 10 places to look to find the money you need so you can invest in you, and your business, and achieve your income goals.

1. Business loan

Even though banks aren’t lending business loans as freely as they once did for small business entrepreneurs, some lending organizations are. ACCION is a microloan lender, offering loans ranging from $200 to $25,000, even for start-ups. They also have very flexible payment terms, and will work with you to creatively “go the extra mile” above and what banks will do to finance your loan.

2. Business loan from family and friends

One of the best sources of startup or expansion capital. Think about people in your life who care about you, and want to see you succeed. Reach out to them, and share your business plan.

3. Part-Time Job

Getting a part-time job to fund your dream is nothing to shy away from, or be ashamed of. You’re “doing what it takes” to get the seed money you need to start or grow your business. ALL businesses need investment to start and grow. It is impossible to grow a business without investing money in it. Period.

4. 401ks and other investments

There may be ways to get money out of your 401k to fund your business without suffering a penalty. Do the research, and ask your accountant about the rules. Taking money out of your 401k is an investment in YOU.

5. Create a program and sell it

When I invested in a 5-figure program a few months ago, I was immediately motivated to create a program and get new clients. I can honestly tell you I may not have been as motivated had I NOT invested the money. The result: I created the most money I’d ever created in 5 week’s time—$28,000.

When you invest at a certain level, you can then CHARGE at a higher level immediately.  This is an immediate boost to your fees and income!

6. Low interest credit cards

Credit is not bad if it is managed properly. Low interest credit cards can be a very good way to finance an investment in your business. Again, have a plan to turn your investment into income, and pay back the loan as quickly as possible.

7. Sell your stuff

Do you have things you’re storing away and keeping that can be turned into cash? It’s not uncommon for people to sell old cars, jewelry, and other items on eBay.  You can always create the money for a new “stuff.” You can never get back time wasted and income opportunities lost.

8. Home equity line of credit

If you have equity in your home, this is another option to get the money you need to fund an investment.

9. Streamline your budget

Take a look at your budget, look at your current spending, and decide what can be shifted around. Redirect the money you’re spending to higher priorities, such as investing in yourself.

10. Say “yes” to yourself

Decide to invest in yourself. Once you do, the WAY about how you will make the money to fund your investment will become clear to you. Getting the coaching you need will help you find the way.

Get connected to the TRUE cost of thinking you don’t have the money to invest in yourself.

Time is a non-renewable resource. When it’s gone, it’s gone. Which means when you give in to scarcity-based thinking that you don’t have the money to invest in yourself, you are giving away your dream.

Say “yes” to yourself and create a 6-figure business in 12 months or less.  To inquire about private 1-on-1 coaching with me contact me at http://www.bonitarichter.com/contact.

2 Ways of Getting in Front of High-Paying Clients

Many women entrepreneurs I mentor state they have trouble “finding clients who will pay.”  It seems everyone has in their world people who “don’t have any money.”

If you limit your perspective to “no one has money,” then you’re most likely limiting your potential income generating opportunities.  There are PLENTY of people who have money, and are willing to invest in their personal and business growth.  You just have to look at the people in your world in a different way, and look in places you may not have thought about before.

When it comes to getting clients there are always income opportunities right in front of you.  You can begin by asking, “Who needs my help?”  To get you started,here are two ways to quickly get in front of high-paying clients.

1. Identify Hidden Income Opportunities

Think of…

  • current clients and what help they need – make them an offer to invest in a VIP Day as an up-sell to their current program (no need to wait until they are finished with their current program)
  • past clients and think about what they still need help with – inquire if they are interested in a specific program you put together
  • who is already in your world, even if they aren’t your ideal clients, and how you can help—make an offer (example: most women at Chambers of Commerce meetings are not my ideal clients.  Yet, I can create an offer that would serve many of them, such as ‘how to find a lucrative niche’)
  • ‘freshen up’ an older program and offer it again, re-title it, update it
  • have a sale (products, only, not your high-end services)
  • speak with ‘influencers’ and request they put you in touch with potential clients
  • who is already serving your ideal client and form a joint venture collaboration

Set an income goal, which includes a specific amount of money you want to make, price your program, and then figure out how many people you need to meet your goal.  Write out
your action plan and implement it!

2. Speaking (Live or Virtual)

One of the fastest ways to get high-paying clients is through speaking, either live or virtually, such as in a teleseminar (yours or someone else’s).

Potential clients ‘see you in action,’ and get a good sense of your energy and style.  If you deliver a compelling topic they’ll want more, and likely take the “next step”  with you.  Without fail, every time I speak I get ‘invested” new clients.

To be successful using this strategy you’ll need a ‘speaking system,’ which includes a:

  • compelling signature talk
  • system to get speaking gigs
  • system for getting people on your teleseminars
  • “next step,” such as a strategy session to get into conversations with potential clients
  • follow-up system to get strategy sessions booked after your speaking gigs

Using these strategies, you’ll be able to find opportunities to quickly get in front of high-paying clients, and be on your way creating 5-figure months over and over again!

Would you like me to personally walk you through my system how to attract high-paying clients and create a 5-figure month at your whim?  A small exclusive group of women will be part of my 6-Figure Empowered Woman Leadership Platinum Master Mind.  We start in January, and the investment is very affordable.  Get all the details by contacting me and noting you want to learn about ‘Empowered Master Mind.’