41 | Scale and Leverage in Coaching to Maximise Your Impact & Income
You started your business to work in line with your values and purpose.
A business that not only supports your family and lifestyle but feeds your soul and lights you up. But balancing your time and family life, with your mission and dreams is a struggle.
Would you like it to be easier?
Then, this is going to help you sooooo much!
This week, Jo is talking about leverage and scale in your coaching business.
Maximising Your Impact and Scaling Your Coaching Business (00:01:28)
Jo discusses the importance of scaling and leveraging your coaching business to reach more clients and make a bigger impact. It explores the reasons why coaches may want to scale their business and offers strategies for transforming a 1-to-1 coaching model into a 1-to-many model.
The Power of Leverage in Coaching (00:08:03)
This section focuses on the concept of leverage and how coaches can make their existing assets work harder for them. Jo discusses leveraging marketing efforts, such as repurposing podcast content into blog posts and social media posts. She also mentions automation and standardised processes to save time and energy.
Practical Steps to Scale and Leverage Your Coaching Business (00:09:26)
Jo provides practical steps for coaches to start scaling and leveraging their coaching business. She suggests assessing current offerings for adaptation, creating webinars or short courses, and identifying tasks that can be automated or delegated. The importance of filtering decisions through the lens of scale and leverage is emphasised.
Useful Links
How to secure more coaching clients' free training
Download the 12 ways to get clients now
Learn about The Business of Coaching programme
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If you’re kind enough to leave a review, please do let Jo know so she can say thank you. You can always reach her at: joanna@joannalottcoaching.com
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Transcript
Hello and welcome to Women in
the Coaching Arena podcast.
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:I'm so glad you are here.
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:I'm Jo Lott, a business mentor
and ICF accredited coach
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:Microphone (Samson Q2U Microphone):
and I help coaches to
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:build brilliant businesses.
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:I know that when you prepare to enter
the arena, there is fear, self doubt,
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:comparison, anxiety, uncertainty, shame.
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:You can tend to armor up and
protect yourself from vulnerability.
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:In this podcast, I'll be sharing
honest, not hype, practical and
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:emotional tools to support you to make
the difference that you are here for.
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:Dare greatly.
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:You belong in this arena.
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:Welcome to episode 41 of
women in the coaching arena.
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:I am so glad you are here.
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:Today, I'm excited to talk about
something slightly different than I
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:normally talk about in this podcast.
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:So it's about maximizing your
impact and how you can scale and
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:leverage your coaching and expertise.
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:This is pretty much how I run my business
because my goal is to help a million
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:coaches to successfully grow their
business and make the most of their
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:coach training just slightly ambitious.
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:So, if I am acting in accordance
with my goal, then I need to have
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:a leverage model, which is why I
do have, a group program to help
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:as many people as I can to do this.
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:This means a lot to me because there
are so many coach training organizations
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:churning out coaches who have absolutely
no idea that it's actually going to
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:take quite a lot of work after that
qualification to grow their business.
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:So I'm on a mission to help more
coaches to actually sell their
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:coaching and actually get to do that
work that they have trained for.
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:Obviously it's a transformational journey.
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:It helps you with your own self-awareness
and there are so many other benefits.
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:But if you do go into it, wanting to
set up a coaching business, I really
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:want to help more people to actually
do that and be aware that this might
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:actually take a small bit of work.
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:So, if we're thinking about why you might
want to scale and leverage your business.
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:Maybe you have a big goal to help
as many people as you possibly can.
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:I think many of us have learned a
lesson in life perhaps, and we want
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:to share our learnings from that
lesson so no one else has to suffer.
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:It's a bit like when you hear the really
terrible instances happen in people's
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:lives and they dedicate their entire life
to campaigning so that more people don't
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:have to go through what they went through.
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:And I think a lot of
coaches want to do that.
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:That's certainly why I do this work.
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:Because you're essentially
saving your former self.
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:Creating what you wish you had.
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:There may be other reasons why
you want to move to this model.
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:Maybe you have really limited time.
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:Like I do.
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:I work school hours only.
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:Term time only.
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:So you do have really short
amount of time in your day.
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:By the time you've done your
marketing and all your things.
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:It's something that you have
to balance alongside your work.
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:So let's start with two pivotal words.
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:That I would love you to think about
if this is your goal going forward.
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:So those two words are scale and leverage.
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:These aren't just buzzwords.
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:They are the cornerstones of transforming
your coaching business into one that
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:can help as many people as possible.
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:In the most effective way.
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:So, what do they mean in the context of
coaching or knowledge-based businesses?
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:It's about expanding your capacity to
be able to sell more clients without a
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:proportional increase in your workload.
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:Scaling is about expanding your
capacity to serve more clients without a
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:proportional increase in your workload.
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:And leverage on the other hand is about
utilizing your existing resources.
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:That might be your intellectual property
or systems that you have created.
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:So in this episode, we will
talk about how you can maximize
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:your output and efficiency.
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:Starting with your coaching capacity.
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:Let's say for argument's sake,
you have a capacity of 10 clients.
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:And that is your limit given
the hours that you have with
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:your current one-to-one model.
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:But what if you could reach not just
10 clients, but a hundred clients.
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:Imagine the impact that you could have,
not just on your business, but on the
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:lives of those additional clients.
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:This is where scaling and
leverage come into play.
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:This is something I'm working
on a lot at the moment because
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:I do run a group program.
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:So I have a scalable program.
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:But in all honesty, it does currently
require a lot of my energy in order
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:to give my clients the best results
and so I'm constantly working on how
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:I can improve my processes while still
providing the knowledge, love, care.
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:For them to be seen, heard,
celebrated, championed.
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:All of that is super important for me.
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:So it's something I'm working on a
lot at the moment, and I'm excited
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:that yesterday I had quite an
exciting conversation with someone.
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:That may be really pivotal
in my future program.
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:Because I don't want to create a lost in
the crowd program because there are a lot
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:of them out there where you will sign up
and you won't know anyone and you won't
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:feel like a valued part of that community.
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:But if I want to continue my mission,
which I do, then need to think long
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:and hard about how I can bring in the
elements that are super important to me.
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:And create a scalable way of doing them.
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:So a really simple example is
that I currently order lots of
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:little gifts to send my clients.
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:I order personalized cards and
then I order the envelopes and
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:then I handwrite the label.
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:And then I go down to the post office
and post them in this lovely package.
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:But eventually I really need to
have a company that I can say.
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:Here are five people's
names and addresses.
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:Instead of it being me, taking my
time and energy to do that task.
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:Personalization is my value that I
want in my business, which is why
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:I'm at this point now where I need to
consider how I can continue to offer
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:the personalized time energy thought,
love care I want in my business, but
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:with other people supporting me to
automate some of the things I do,
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:the gifts being a perfect example.
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:So let's talk about
strategies for scaling.
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:To scale your coaching
business, you really need to
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:rethink your delivery model.
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:So how can you transform your one-to-one
coaching into a one to many model?
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:This might include creating online
courses that people can do at
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:their own pace, or group coaching.
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:Or there are other models, like the
membership model where it's a lower
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:cost, but they get the training and a
little bit of support, but usually it's
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:not as extensive as a group program.
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:So we need to think about how you can
package your knowledge and expertise
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:up in a way that's accessible and
valuable to a larger audience.
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:Let's move on to the power of leverage.
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:So leverage is making your existing
assets work harder for you.
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:This might be in your marketing.
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:So for example, I create this podcast
and what I do to leverage the podcast,
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:the energy I'm putting in now.
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:Is I ask my VA to turn this
podcast into a blog post.
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:She also turns it into a LinkedIn article.
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:That's two extra things
I've done with my podcast.
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:I also now use my podcast to create
all of my social media posts.
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:So that is how you can leverage
what you are currently doing
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:to really multiply the impact.
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:I could go way further.
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:For example, I could add this to YouTube.
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:I can create short reels from
what I'm saying and sound bites.
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:So it's about constantly thinking, okay,
I'm putting all this energy into this.
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:How can I make the most of it?
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:This could be automation.
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:So things like the best emails
that you've ever sent to your list.
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:How can we bring those
into your nurture sequence?
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:How can we have standardized processes
when someone signs up to work with you?
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:How can we really help things be
seamless so it doesn't take your
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:time and energy again and again.
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:Let's move into the practical
steps now to scale and leverage.
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:What are those practical steps
that you can take right now?
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:I would start by assessing
your current offerings.
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:Seeing, if you have anything already
that can be adapted for larger audience.
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:Maybe you have a really popular
coaching session or program, maybe
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:you have a great way of helping people
find their strengths or their values.
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:Can you create a webinar
or a short course?
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:If we're looking at your processes,
where can you automate or delegate tasks?
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:Remembering that if this is your
goal, every decision you make from
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:now on should be filtered through
this lens of scale and leverage.
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:Instead of replying to a client
once with yay, I'm so glad
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:you're joining the program.
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:You can have a template that you can
use time and time again, so we can
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:eventually automate that entire process
so you can help more people in less time.
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:So as we wrap up today's episode, I would
love to leave you with this thought.
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:Scaling and leveraging aren't
just about growing your business.
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:They are about multiplying your impact.
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:This is why I do this work.
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:It's not really about growing my business.
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:It's just this complete mission
to help more coaches to create
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:amazing coaching businesses.
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:So, if you are ready to take this
journey, I would love to guide you.
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:Creating a group program that
is a raved about program.
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:So we don't want to create a program
that is your second rate service.
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:I want to help people to create a
group program, which is a flagship
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:program that they become known for.
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:Where they have more case studies raving
about the program than anyone else.
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:I strive for this in my business.
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:You are very welcome to look
at my website and my case
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:studies, joannalottcoaching.com.
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:And you'll find that most people rave on
about working with me, despite the fact
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:we have never worked one-to-one together.
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:So that is the impact that I want
people to have with their group program.
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:A program where they have designed
the most amazing supportive
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:environment that gets results.
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:So, if you are ready
to scale and leverage.
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:Usually this does mean you
have sold your services before.
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:You have some sort of audience, or maybe
you have a strong network or organizations
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:you're wishing to sell your program
to then I would love to invite you to
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:apply for my new program which will
help you to build a premium flagship
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:group coaching program or online course.
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:We start on Thursday, the
th of January at:
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:UK time.
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:It is a 12 week program
because I've thought long and
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:hard about making it longer.
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:But actually is something that
you need quite a lot of energy
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:behind to really make it work.
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:It's not something you can really drag out
or you will procrastinate and lose energy.
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:So we will be done by Easter.
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:You can then have your program out there.
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:I will be designing it so you can presale
your program within the first four
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:weeks of 11th of January if you wish to.
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:And so that you can launch it within
the period of us working together.
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:If that's too soon for you, you will gain
lifetime access to the training portal.
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:So you can go through this
process at your own pace.
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:Anytime you want.
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:If you are interested, I have eight
spaces available for this program.
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:It's the first time I've run it.
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:So I'm offering an incredible
price of £:
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:monthly installments of 750 pounds.
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:This isn't something I have on my agenda
as a permanent thing in my business.
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:This is a one-off program.
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:I am starting on the 11th of January.
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:So if you want to do it, jump in, then
this isn't an evergreen program . So,
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:if you are thinking about moving to a
scale and leverage model and you are
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:looking for sign that this is the time.
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:Then this is your sign.
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:If you have already created a group
program or launched there, and it hasn't
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:been successful, particularly in the past.
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:This is still for you because there are
often really small things you can do.
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:Like for example, I noticed with a
lot of my clients who do this is they
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:don't actually launch their program.
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:They maybe put one post out saying.
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:I'm launching this thing and
then I never see it again.
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:And there is a psychological buyer
journey you need to take people
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:on and it does require a launch.
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:In other words, a lot of energy behind
what you are doing to really help people
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:to feel excited to take that next step.
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:If that is you, I would love to help
you to make it happen this time.
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:Thank you for listening
to today's episode.
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:I will leave you with my favorite
reminder to trust yourself, believe
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:in yourself and be the wise Gardner
who keeps on watering the seed.
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:Thank you so much for listening to this
episode of Women in the Coaching Arena.
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:I have a mess of free resources on
my website joannalottcoaching.com.
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:That's Joanna with an A
and Lott with two T's.
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:joannalottcoaching.com.
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:And I'll also put links in the show notes.
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:Let me know if you found
this episode useful.
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:Share it with a friend and
leave me a review, and I will
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:personally thank you for that.
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:Remember to trust yourself, believe
in yourself and be the wise Gardner
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:who keeps on watering the seed.
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:Get into the arena dare, greatly and try.