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Business is hard right? But, there are two types of people. Those who struggle to implement tactics thinking that’s how to grow your business. And those who focus on growing their MINDSET. At Fearless Business we focus on 3 core pillars: 1. First we nail your PRODUCT/OFFER, we teach you how to build a sustainable business doing something you love. 2. We fix your PRICING - this is mostly mindset, learning how to charge 2-3 times your current prices. 3. And finally LEAD FLOW, we show you how to get leads and convert them at your higher price point. For more information visit: https://fearless.biz and https://www.robinwaite.com
Episodes
Monday Oct 09, 2023
Money Mastery: A Conversation with Rob Moore
Monday Oct 09, 2023
Monday Oct 09, 2023
In this episode of the Fearless Business Podcast, Rob Moore joins seasoned business coach Robin Waite to talk about entrepreneurship and money mastery.
Rob Moore is a self-made property investor, entrepreneur, accomplished author, record-breaking individual, dynamic speaker, skilled pilot, and proud father. He holds co-ownership in seven companies specialising in property, lettings, and finance. Rob has forged partnerships with some of the most prominent names in the business and household spheres. He has made appearances as a business mentor on prime-time TV shows, including those on Living, Channel 4, the BBC, The Independent, and The Business Channel. Moreover, Rob is dedicated to mentoring individuals striving for success, helping them attain greater financial prosperity and recognition in both business and life.
He is the acclaimed author of bestsellers like "LIFE LEVERAGE" and "MONEY" and serves as the host of the widely followed DISRUPTIVE ENTREPRENEUR podcast.
In the world of entrepreneurship, there are those who play it safe, and then there are those who embrace the challenges with a fearless attitude. Rob Moore, a renowned entrepreneur, author, and coach, undoubtedly falls into the latter category. In this insightful interview, we had the privilege of delving into Rob's world, exploring his journey, mindset, and the secrets behind his remarkable success.
What We Discussed with Rob Moore on the Fearless Business Podcast
- Fearless Entrepreneurship: Rob Moore's journey from art to entrepreneurship highlights the importance of embracing change and making data-driven decisions in the world of business.
- Role of Mentorship: Mentorship plays a crucial role in accelerating entrepreneurial growth by providing valuable insights and guidance to avoid common pitfalls.
- Data-Driven Decision-Making: Rob Moore's success is built on data-driven decision-making, using available information and market insights to make strategic choices.
- Harnessing Fear: Fear can be a motivator for entrepreneurs, driving them to make better decisions and confront challenges head-on.
- Money Mastery: Rob Moore is an expert in money mastery, with a focus on helping others understand financial management through books like "Money Matrix" and "Money Loves You."
- Rob.team: Rob's platform, Rob.team, empowers entrepreneurs with a wealth of resources, courses, and a supportive community to help them succeed.
- Community Support: Being part of a supportive community is vital for entrepreneurs, allowing them to share challenges, seek advice, and celebrate successes together.
Future Impact: Rob Moore's fearless approach and commitment to empowering entrepreneurs make him a leader in the field, with a growing impact on the world of entrepreneurship.
Wednesday May 10, 2023
How to Scale Through Sales - Andrew and Pete
Wednesday May 10, 2023
Wednesday May 10, 2023
Andrew and Pete; international keynote speakers, ATOMIC founders, authors and YouTubers, are the multi award winning business duo who help small business owners scale their business so they can stop swapping time for money.
What will be discussed on today’s show:
- How do you prioritise time for sales?
- What should we be focussed on selling?
- What things do you see are holding people back from selling and making more money?
- How do we do all this, without working every hour of the day?
- What's your best sales tips?
- How do you get more people on the phone?
- How do you not get ghosted?
What are Andrew and Pete Working on Right Now:
- ATOMICON23 - https://atomic.site/atomicon/
How to get hold of Andrew and Pete:
Instagram: https://www.instagram.com/andrewandpete/
Linkedin: https://uk.linkedin.com/company/andrew-and-pete
Twitter: https://twitter.com/AndrewAndPete
Facebook: https://www.facebook.com/andrewandpete
Website: https://www.andrewandpete.com/
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz and https://www.robinwaite.com
Monday Mar 27, 2023
Setting Objectives and Key Results - Paul Wilson
Monday Mar 27, 2023
Monday Mar 27, 2023
In this episode of the Fearless Business Podcast I hand over the reins to one of our certified mindset coaches, Paul Wilson, who runs a group coaching/hypnotherapy session to help our members to gain clarity over what their objectives for the month ahead look like, what is getting in their way and the key results.
Objectives and Key Results (OKRs) are something I discovered in the book Measure What Matters by John Doerr. He uses some fantastic examples but what really stands out for me is why OKRs are better for businesses than traditional goal setting.
Paul now hosts a regular monthly OKR sessions once a month with the members in our business accelerator to lock on their objectives for the month ahead, with remarkable results.
A bit about Paul
Paul uses Advanced Conversational Hypnotherapy to quickly and easily resolve some of life's most difficult problems such as anxiety, erectile dysfunction and female sexual dysfunction, driving and passenger anxiety, smoking & alcohol dependence and phobias without the use of medications and months of talk therapy. Based in Folkestone with online consultations for any timezone.
I also coach business owners to let go of Procrastination, Perfectionism and Imposter Syndrome - letting go of beliefs that are holding them back from success in their field.
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz and https://www.robinwaite.com
Tuesday Mar 14, 2023
The Challenges of Being a Man in Today’s World - Craig White
Tuesday Mar 14, 2023
Tuesday Mar 14, 2023
Craig White gained his first coaching certification at the age of just 16. Now 51 he has been coaching professionally for over 28 years.
Long history coaching and consulting in pro rugby (Tigers/Wasps/Ireland/Wales/British Lions)
Background in sports coaching, leadership, culture building, yoga, meditation, and men's work
Creator of Men Without Masks.
What will be discussed on today’s show:
- Challenges of Being a Man in today's world
- How MWM can help men to move through those challenges
- Business as a sacred practice
- The changing world of male leadership
What is Craig Working on Right Now:
Craig and his amazing team run retreats for men throughout the year; you can download Craig’s free e-book, Secrets of a Man Without His Mask
How to get hold of Craig:
Websites: https://www.craigwhitementoring.com/ and https://www.menwithoutmasks.com/
Instagram: https://www.instagram.com/craigwhitementoring/?hl=en
Linkedin: https://www.linkedin.com/in/craig-white-mens-coach/
Facebook: https://www.facebook.com/craig.white.165
YouTube: https://www.youtube.com/@MenWithoutMasks
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz and https://www.robinwaite.com
Tuesday Mar 07, 2023
Should I Put My Prices on My Website?
Tuesday Mar 07, 2023
Tuesday Mar 07, 2023
This Podcast episode covers one of the most commonly asked questions I get during coaching sessions which is, “Should I advertise my prices on my website?”
The very short answer is, “No!” don’t advertise your prices on your website.
There are several reasons for this which I go through in the podcast episode and I’ll also outline below:
1. You Could be Qualifying Prospects Out Too Soon
In the example I walk listeners though in this episode of the Fearless Business Podcast, I talked about a beauty business that I worked with.
They were so focussed on getting more customers via marketing as a way to grow their business, they were ignoring just about every other metric within the business. I looked at their finances and the business wasn’t looking shabby profit wise, but growth had slowed down dramatically.
The numbers, which did look interesting to me, were on their cold leads into warm enquiries.
It transpired many of their customers were “price sensitive” and were asking for prices up front in Messenger and via email.
And my client was giving them the prices. This isn’t a big issue in its own right however it quickly became apparent that many of their prospects were uneducated buyers.
I challenged their belief that giving away prices was a qualifier. It can be used to qualify prospects, but only when demand is so high there are few other ways to qualify prospects.
They were adamant about giving the prices away as their belief was that, “If we don’t give prices when people ask then we are being dishonest!” and they believed in this quite strongly.
I suggested we focus on a campaign to get prospective buyers into their clinic before giving their prices away for 30 days and see if it made any difference. I offered to match any drop in sales if they felt strongly my way contributed to losing clients.
After 30 days their conversion from cold lead to warm prospect went up by 40% and this continued through into the profit and loss account 60-days later.
By inviting prospects into the clinic they could see how amazing my client was, how professional their clinicians were, the quality of the services they provided and above all could learn about the treatments they were interested in buying.
There was no pressure selling, just an opportunity to experience what it would be like to visit the clinic and experience a treatment and consultation.
2. You May Still Be Adjusting To New Prices
If you’re going through a process of increasing your prices, then I’d recommend not publicising your prices.
Pricing is mostly based on mindset and confidence. Today you might not be so bullish about your prices, business or yourself and so it’s “easier” to fall back on your prices that are black and white on your website.
However, tomorrow, for whatever reason, you might be feeling really confident having listened to a podcast from Robin about increasing your prices…but you can’t increase your prices…because they are in black and white on your website.
I don’t know who made up this stupid rule about putting prices up maybe once a year and by only 5-10% if that…what a stupid rule, who decided that one?
When you’re adjusting and testing new price points for your products, you might adjust your prices 6-10 times throughout the year until you reach a natural point of supply and demand. Imagine having to do 6-10 updates on your websites and marketing material.
So, while you’re testing new prices, remove all traces of your price list from websites, social media and your email marketing so that people have to enquire about your products and prices to find out more.
If you’re worried about this then please go back and re-read my comments in the section above.
3. Pricing Is a Conversation Starter
People buy for many reasons and your prices only make up a small percentage of that buying decision, here are some example of other reasons why people buy, or at least enquire about your products:
- Referral - They heard someone talking about your business/brand and want to know whether your products or services can help them.
- Intrigue - There is something interesting they read in your marketing which prompted them to enquire about your business. They’re not educated buyers but interested to know more.
- Education - They know they need a service similar to yours but want to know more about how it works and most importantly will it work for them.
- Trust - They may trust you more or less than the competition so want to find out whether their hunch is right about your business.
- Speed - How quickly can you provide a solution to them?
- Quality - Can you do it better than your competitors?
- Window shopping - casually browsing potential solutions to their problems.
- Affordability - They like it but can they afford to buy? Do you offer payment plans to help them with this?
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out my personal business coaching website.
Tuesday Feb 28, 2023
Why £1 Saved Means £2 Less to Earn
Tuesday Feb 28, 2023
Tuesday Feb 28, 2023
Most business owners I know are stuck in the “sales cycle of doom” meaning that they are constantly having to market, sell and deliver their services just to get by. Rarely do I see successful small businesses producing any level of profit.
Growing a sustainable small business requires the owner to:
- Save up for a rainy day fund - we recommend saving 6 months of operating expenses should the worst case happen and you are unable to work, at least your business has a small survival fund while you get back on your feel. This might take 2-3 years to save up.
- Reinvest in your business - business requires investment in order to grow, if you’re sucking all the profits out of your business by way of a salary, it is never going to grow.
- Create profit - Turnover is vanity but profit is sanity. The goal in business is not to collect customers. It is to make profit. It is much better to run a business that has a turnover of £150k and profit of £80k rather than a £1m revenue business making a loss of £80k.
Why is it important to watch your costs?
For every £1 you bring into the business you will have:
- Direct costs of sales
- VAT to pay (if you’re over the threshold)
- Staff to pay (if you employ people)
- Corporation tax to pay
- Other overheads and expenses
By the time you deduct all of those it means your £1 is probably worth more like £0.50 or even less in many cases.
Therefore every saving of £1 you can create in your business means you have to bring in £2-3 less in revenue on the top line. Which means you need FEWER clients. Not more.
This is a more sustainable business.
Imagine a coaching business which has a group coaching programme which it sells for £4,500 per seat.
And that coaching practice has several subscription softwares which it pays for every month. If that coaching business can cut it’s subscription costs by just £200/mth, when you extrapolate that out over the course of a year, £2,400.
Based on the maths of £1 saved leads to £2 less in required revenue this means that coach can afford to NOT HAVE TO enrol one additional client that year. £200 doesn’t sound like a lot, however the effort required to enrol a coaching client might require:
- 5 few consultations to be sat per year - that’s potentially 5 hours plus the admin saved.
- 35 fewer conversations with prospects needed - we have a rule in Fearless Business called 70-10-2. 70 conversations leads to 10 consultations which leads to 2 client enrolments. How much time needs to be invested into each one of those prospect conversations? 20 minutes each perhaps, so that’s another 12 hours saved.
- All of the extra marketing efforts which go into creating those initial conversations.
So, you can see, a saving of just one client per year frees up at least 17 measurable hours for that coach, consultant or freelancer and countless amounts of energy in marketing.
* as a side note, you may be looking at that thinking a 20% conversion rate is low for a business coach. Not if they’re qualifying prospects and only taking on the best clients. 20% is a typical conversion rate for a coaching business.
But I need to do marketing which costs money
Yes…and no…if you’ve listened to other episodes of the Fearless Business Podcast you’ll have heard me talk about Marketing Assets. If you build marketing assets such as:
- Writing a book
- A podcast
- Brochures
- YouTube channel
To name just four assets, you can create these assets and they will start conversations for you while you sleep.
When you’re next tempted to buy a “shiny” marketing thing for $5k from a hipster bro-marketer who wows you with “guaranteed” results…think twice.
Most people miscalculate the ROI required for that investment to make sense, and think they just need to recover a single client (if they’re worth $5k to you) to make an ROI.
WRONG!
You will need at least 2-3 clients just to BREAK EVEN and probably more like 8-10 clients over the following year to justify the investment. As generally these investments become rolling payments that you need to make month in and month out irrespective of the results. They will also blame you should they not produce the results they promised you.
That’s a podcast episode for another day.
The moral of the story is:
Keep your costs low and your income high.
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out my personal business coaching website.
Wednesday Feb 22, 2023
The Data Driven Agency - Marcel Petitpas
Wednesday Feb 22, 2023
Wednesday Feb 22, 2023
Marcel Petitpas is the CEO & Co-Founder of Parakeeto, a company dedicated to helping agencies measure and improve their profitability by streamlining their operations and reporting systems, a problem he discovered while running his own agency back in his early 20’s.
He’s also the fractional COO at Gold Front, an award-winning creative agency in San Francisco working with brands like Uber, Slack, Keap and more. As well as the head strategic coach at SaaS Academy by Dan Martell, the #1 coaching program for B2B SaaS businesses in the world.
In his work as a speaker, podcast host and consultant, specialising in Agency Profitability Optimisation, he's helped hundreds of agencies around the world measure the right metrics and improve their operations and profitability.
When he’s not helping agencies make more money, he’s probably watching “The Office” or “Parks and Rec” on a never-ending loop and eating breakfast foods for every meal of the day.
What will be discussed on today’s show:
- How agencies should measure their performance
- Key metrics to track
- Targets to aim for & industry benchmarks
- Exactly what formulas to use to calculate them
- Example metrics:
- Financials (Revenue, AGI, Gross Profit, Net Profit, Overhead Spending)
- Utilisation Rates
- Average Billable Rates
- Labour Efficiency Ratio
What is Marcel Working on Right Now:
- The Agency Profit Toolkit - https://parakeeto.com/toolkit/
How to get hold of Marcel:
Instagram: https://www.instagram.com/getparakeeto/
Linkedin: https://www.linkedin.com/in/marcel-petitpas-20059588/
Twitter: https://twitter.com/Parakeeto
Facebook: https://www.facebook.com/agencyprofitability
Website: http://www.parakeeto.com/
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz and https://www.robinwaite.com
Tuesday Dec 06, 2022
Latent Demand - Stop Putting Out Rubbish Offers
Tuesday Dec 06, 2022
Tuesday Dec 06, 2022
If you're putting offers out there on social media, week in and week out, wondering why literally nobody is interested in your offer, you'll find out why in this episode of the podcast.
A mistake people make is that they think it's their "audience" who are fools for not wanting to take the marketer up on their amazing offer. They didn't stop to ask several very pertinent questions before spraying marketing muck all over their audience. These questions include:
- Is my offer actually any good?
- Is my offer desirable?
- Does my audience indeed NEED my offer?
- And do the NEED it RIGHT NOW?
- Can they afford to buy my offer?
- Is the offer delivered in a way which is alligned with my prospects' greatest challenge, pain point or problem that they are looking to solve right now?
In fact all of these could indeed by true but your messaging sucks so while your offer is great your value proposition sucks and so the market indeed ignores your offer.
This is not, however, their fault, it's yours and you need to own it and ensure your offer has some context based on the questions I've posed above.
Your offer should be an invitation to take the next step on your process and NOT to buy something from you.
Let me explain, most people are littering the marketplace with cheap offers which are sub £200. Cheap and dirty and they think that will attract buyers in.
However, this rarely works.
This thing called Latent Demand exists.
An example of latent demand would be the shoppers trawling the aisles of Sainsburys for bread and milk and then stumbling across the baked beans shelves and spotting that Heinz have a 2-for-1 sale on beans.
It is the latent demant which stimulates people to buy the offer NOT the actual offer itself.
In this example, you don't have loads of people sniffing around your aisles for staple foods, it's rare any small business has this level of latent demand (think here; a Facebook Group with 10,000 members, that's your equivalent of latent demand).
So for most, their offer goes completely unnoticed in all the plethora of other market stallholders shouting, "Buy my stuff! Buy my stuff! Buy my stuff!"
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out my personal business coaching website.
Wednesday Nov 09, 2022
How to Set Your Coaching Prices When Starting Out
Wednesday Nov 09, 2022
Wednesday Nov 09, 2022
On today's episode of the podcast, I'm going to be talking about one of the easiest ways to figure out how much to charge for your products or services.
Welcome back, everybody. It's your host here, Robin Waite, founder of Fearless Business, author of Take Your Shot. It's been a little while since I did a podcast. You're probably wondering why there's been several months of a hiatus. So before I dig into my simple formula for working out your products or services, I thought I would just update you as to why I've been away for a little while. Yeah, quite simply, I just found that I fell out of love with doing podcast episodes. I don't know why, and I know that it's very selfish of me, but sometimes I find when you're doing building marketing assets, you do have to find things which you are, where your energy is kind of like, without getting too woo, in the right sort of place.
So going for that, answering that question around how do you set your coaching prices when you're starting out? Well, there are a number of different ways, but I'm going to share one specifically with you, which is, I call it goal focused pricing. And it is possibly the simplest way to set your prices for your services. It does involve a bit of math. So you probably didn't wake up this morning thinking you were going to get some kind of a math test, but it's simple math, folks. Just get out a sheet of paper and just do some basic calculations or use a spreadsheet.
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Thursday Jul 07, 2022
Developing a Winning Mindset - Paul Wilson
Thursday Jul 07, 2022
Thursday Jul 07, 2022
Paul Wilson has dedicated the last 30 years to helping people, either as The Emergency Response Manager at the Channel Tunnel and hypnotist/coach for business owners. Paul began his new career 4 years ago.
In preparation for his new venture, Paul spent much of 2018 training and learning new skills.
One of the highlights was Logan Murray's Stand Up Comedy course, during which he performed two live stand up gigs. The “graduation” gig held at The Water Rats, North London.
Paul has plenty of testimonials that showcase how he has helped clients. His favourite is probably the shorted and most direct. From Nicky Botton: “Basically, in short – you’re a fucking legend! xxx.”
What we'll be discussing on tonight's show:
- How come therapy / hypnosis / nutrition / coaching trainers who sell courses to wannabe therapists DON'T provide their trainees with real, useful marketing training.
- How many business problems aren't really business problems but are person problems (lack of self-belief, confidence, deterimination, inconsistency etc.)
How to Get Hold of Paul:
My strategy/coaching call booking link: https://calendly.com/paul_wilson/strategycall
And on Social:
LinkedIn: https://www.linkedin.com/in/paulwilsoncoaching/
Facebook: https://www.facebook.com/paulwilsonfolkestonehypnotherapy/
Twitter: https://twitter.com/PaulWilsonCoach
Instagram: https://www.instagram.com/paulwilsoncoaching/
Website: https://www.ahappyhead.co.uk/
Friday Mar 18, 2022
Why Every Coach Can Benefit from Writing a Book
Friday Mar 18, 2022
Friday Mar 18, 2022
While books do take a while to write and publish they are by far and away one of the best marketing assets that a coach and every coach can benefit from writing a book.
My books typically take 8-12 months to write and publish, but that's the hard part done as they are then free or very cheap to give away as a lead magnet.
Many people ask me, "How much information should you give away in your book?" - What they're forgetting here is that if your core coaching programme is high-ticket i.e. expensive, then a book makes learning your methodology affordable for more people...therefore you can measure your impact based on how many people download your book.
Books Increase Engagement
Books hugely help with increasing engagement, Google stated in Zero Moments of Truth that you need to engage someone for 7 hours on average before they commit to buying a product or service. With the average book being 30,000 words long that means somewhere between 5-7 hours of reading time so a book is a great way to chalk off the 7 hours of engagement.
When I launched Take Your Shot I gave away about eighty copies of the book at an event I was speaking at. About three weeks after the event I received dozens of social media notifications one Sunday morning; and essentially people has the book on their bedside cabinet or desk and remembered to pick it up and read it...at which point they started sharing it on social media and leaving reviews. There's no way I could be with those 30+ people all at the same time...so books are amazing at creating engagement on your behalf.
Having a book positions you as an authority
- A book enables you to get podcast interviews and speaking engagements
- People will quote your book in their marketing and social media
- And invite you to write forewords and quotes for their books
- It leaves a legacy behind after you are gone!
Protect your methodology and Intellectual Property
- In writing your book it helps you to formulate your ideas
- I didn’t write Online Business Startup, it wrote me!
In this Episode I also answer the most common questions:
- How much should I give away in my book?
- How long should a book be?
- How salesly should my book be?
- How important is being a Bestseller?
- How much money can you earn from writing a book?
And...How I hacked the process of writing a book…
- 10 words of narrated and edited audio equates to about 1,000 words
- A typical book is about 30-50,000 words long
- So approximately 5-7 hours of content
- …how I wrote 30,000 words in a single month
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Tuesday Mar 15, 2022
Marketing with Webinars - Tom Poland
Tuesday Mar 15, 2022
Tuesday Mar 15, 2022
Tom Poland is the Founder of Leadsology and a multiple best-selling author specialising in lead generation for professionals. With clients in over 150 cities around the world he's best known for his marketing with webinars model. He says that he’s voluntarily married and lives and works from his home on the sunny Sunshine Coast of Australia.
What we'll be discussing on tonight's show:
- The title of a webinar is key to attracting the right audience, any tips for creating titles?
- You’re best known for your latest best seller Marketing With Webinars, why do you prefer using webinars for your lead generation?
- Can presenters give away too many ideas when they present a webinar?
What's Tom Working on Right Now?
The 2nd edition of Marketing With Webinars (free copy) at the start of our launch on March 15th:
>>> https://www.GetTomsFreeBook.com
How to Get Hold of Tom:
LinkedIn:- https://www.linkedin.com/in/tompoland
Twitter:- https://twitter.com/tompoland
Website:- https://www.leadsology.guru
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Friday Mar 11, 2022
Competitive Pricing - Advantages and Disavantages
Friday Mar 11, 2022
Friday Mar 11, 2022
During this episode we'll be taking a look at both the advantages and disadvantages of Competitive Pricing and why it's best to use a blended pricing strategy for your coaching business. In escence; why you shouldn’t base your prices on competitors and what you should do instead.
In every industry you can add up the entire turnover generated by that industry and work out what percentage of your peers contribute to what level of value.
So, to make the numbers easier, £100 of value created by 100 coaches:
- £60 is generated by just 10 coaches
- £30 is generated by 30 coaches
- Just £10 is generated by 10 coaches
Other things I'll be discussing:
- Sales Cycle of doom
- Discounts we’re just not calling it a discount
- Copying a terrible business model
- As it's often based on hourly rates
- The competitive intelligence you’ll gather will reveal competitor strategies, which will help you make better decisions in the long term.
- Make sure you implement a dynamic pricing strategy where you are testing numerous price points to maximise profits without losing your competitive strength.
- Competing solely on price might grant you a competitive edge for a while, but you must also compete on quality and work on adding value to customers if you want long term success.
- If you base your prices solely on competitors, you might risk selling at a loss. Instead, combine several strategies in line with your business objectives.
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Friday Feb 18, 2022
What are the Biggest Challenges in Lead Generation
Friday Feb 18, 2022
Friday Feb 18, 2022
Most common mistakes entrepreneurs make when trying to boost sales/leads. In this episode I use some anecdotal experience where I mislaid £9k through not understanding the data in my Facebook Ads, spending several thousand pounds on printed advertising that yielded ZERO results...here's what I learned from those expensive mistakes and what I found to be the biggest challenges in lead generation in 2022:
In this episode I talk about:
- Some Facebook ads that went wrong to the tune of £9k
- Not choosing the right supplier - Buying followers on Instagram...yikes!
- Spending on “Awareness” often produces little to no results:
- “PR” in Magazines which don’t exist or have over-inflated promises around audience and circulation
- Business events again where audiences are over-inflated
- Facebook Reach advertising
So what can you do to overcome challenges in lead generation?
- Ensure you implement campaigns well
- Try them out for the long term
- Get enough data and validation to test whether it’s working (ScoreApp versus Facebook Lead Ads)
- Get a solid Sales Process in Place
- Be willing to invest in Marketing (20% of your turnover or 80% of your time).
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Friday Feb 11, 2022
The Surprising Benefits of Having an Expensive Product
Friday Feb 11, 2022
Friday Feb 11, 2022
Essentially buying expensive things gives you pleasure, so we can apply some basic principles to our products in business as well. In short there are surprising benefits to having an expensive product in your suite of core products.
In this episode I talk about:
- The blind taste test of two bottles of wine - essentially scientists switched the labels on two similar bottles of wine and the most expensive still came out on top both times
- Apply Pareto's 80/20 principle to your suite of core products - focuses on increasing profits by removing the 20% of products producing the lowest profit
- Also 80/20 your clientbase by removing the 20% of clients who contribute the least profit to your business to increase profits and create more time for yourself
- Sometimes you can leverage high-priced products that don’t sell very often:
- Mobile phones (iPhone, 128gb @£949, 512gb @£1249, 1tb @£1449)
- Cars
- Coffee
- Communicate expertise, Costco sells a $600,000 diamond
- Prestige - Think Jack Daniels Black Label versus Single Barrel ($50 a bottle), Silver Select ($120 a bottle) or even Sinatra Century ($600 a bottle)
- Use Expensive Products as a Gimmick to Create Free Publicity - the £8,000 haircut in the Guiness Book of Records
Why most business don’t have a super expensive offer:
- Because they don’t think anyone will buy it
- But because it’s not on the shelf nobody EVER WILL BUY IT!
- Frank Kern talk about “putting offers out there”
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Tuesday Feb 08, 2022
How to Attract Your Ideal Client - Arfa Iqbal
Tuesday Feb 08, 2022
Tuesday Feb 08, 2022
We'll be discussing the five things to remember when attracting and retaining your ideal client:
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The Psychology of your ideal client
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Why your ideal client wouldn't buy from you
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How to get in front of more of your ideal client
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How to get your ideal client to notice you
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How to get more of your ideal client to STAY in your world
A bit about Arfa:
How to get hold of Arfa:
Website: https://arfasairaiqbal.com
Facebook: https://www.facebook.com/groups/mindhackmarketing
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Friday Feb 04, 2022
The Perfect 5-Step Marketing Funnel
Friday Feb 04, 2022
Friday Feb 04, 2022
Most people follow all of the steps that the Gooroos and Experts tell you to follow from a marketing perspective and you have a queue of clients rolling up day-in-day out waiting to part with their cash and buy your products, right?
Not so, but why is that?
I’ve created the “perfect” 5-Step Marketing Funnel to illustrate what’s happening in 2022 with Marketing.
Here’s the five steps in my Perfect Marketing Funnel:
VERY IMPORTANT! You must follow the steps down to the letter:
- Grab your mobile phone
- Open up your favourite web browser
- Navigate to your local Amazon website
- Pop in Take Your Shot
- Now go and Buy the Kindle
Don’t worry, if you’ve done the exercise, email me a screenshot of your purchase with your address and I’ll send you a signed copy of Take Your Shot, wherever you are in the world :-)
Whenever I do this exercise with a live audience there’s only ever about 30-40% of the audience who manage to download the Kindle
Effectively what this demonstrates is that there is friction in the marketplace:
- I’m remarketing to people who’ve already bought the book
- Some people simply don’t trust me
- Your phone or the Amazon website aren’t working
- You don’t own a Kindle
- You simply can’t make it work
What inevitably happens is that most people end up spraying marketing shit all over their prospects without realising it, believing that their marketing should simply “work”
- Only about 2% of your audience are ready to buy right now
- So just be mindful of your marketing budget/time and remember this exercise
- Not only that but most of you don’t have a simple 5-Step Funnel laid out in the format I’ve laid out my customer journey hence creating even more friction
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Tuesday Dec 14, 2021
The Elevated Entrepreneur - Jake Kelfer
Tuesday Dec 14, 2021
Tuesday Dec 14, 2021
Jake Kelfer is a lifestyle entrepreneur, life elevator, and coach to ambitious entrepreneurs and freedom seekers helping people create incredibly impactful and profitable businesses.
He is a 3x bestselling author, a high-energy motivational speaker, and the founder of the Professional Basketball Combine which has helped 70+ NBA draft prospects turn their dreams of playing pro basketball into their reality. He and his work have been featured on Forbes, Sports Illustrated, ESPN, and many other major media outlets.
What We Will Be Discussing Today
- How to be an elevated entrepreneur
- How to be a high performing, productivity crushing, and freedom achieving entrepreneur.
- Know how to connect with the world's greatest entrepreneurs how to define success for yourself.
- How to achieve that and how to be a high performer in all aspects of your life - entrepreneurship, leadership, and relationships
What's Jake Working on Right Now?
New book launch, The Elevated Entrepreneur:
https://theelevatedentrepreneur.co
How to Get Hold of Jake:
Instagram:- https://instagram.com/jakekelfer
Website:- https://www.jakekelfer.com
Friday Dec 10, 2021
How To Find Your Ideal Client TODAY
Friday Dec 10, 2021
Friday Dec 10, 2021
In this episode of the Fearless Business Podcast, host and coach Robin Waite shares his techniques for attracting the right kind of customer to your business.
What We Will Be Discussing Today:
- How to Identify Your Dream Client
- Techniques For Attracting Your Ideal Client
- Most Common Mistakes
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz
Tuesday Dec 07, 2021
Change Your Game - Baiju Solanki
Tuesday Dec 07, 2021
Tuesday Dec 07, 2021
Baiju Solanki is a performance psychologist - a former Psychology Lecturer and spent 9 years as a Corporate Sales Director. He launched his own Coaching & Training business in 2007. As well as this he has written 3 books, including bestseller Change Your Game and speaks internationally around entrepreneurship and mindset.
What will be discussed on today’s show:
- Practicing NATO - Not Attached to Outcome
- The Power of Accountability - The 4 levels
- The Psychology of Micro Goals
What is Baiju Working on Right Now:
https://changeyourgamescorecard.com/
How to get hold of Baiju:
LinkedIn - https://www.linkedin.com/in/baijusolanki/
Facebook - https://www.facebook.com/BaijuSolankiPage
Instagram - https://www.instagram.com/baijusolanki/
Twitter - https://twitter.com/BaijuSolanki
Website - https://changeyourgamescorecard.com/
To find out more about Fearless Business:
Join our amazing community of Coaches, Consultants and Freelancers on Facebook:
>> https://facebook.com/groups/ChargeMore
And check out the Fearless Business website:
>> https://fearless.biz