G-BLLC06DBK9 520165642414387 82 | The Psychology of Premium Clients for Selling 1:1 Coaching - Women in The Coaching Arena

Episode 82

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Published on:

3rd Oct 2024

82 | The Psychology of Premium Clients for Selling 1:1 Coaching

Let's go deep into understanding and attracting high-ticket, high-value clients for your coaching business. Whether you're just starting out or looking to elevate your clientele, this episode offers valuable insights into the mindset and strategies needed to succeed.

Episode Highlights:

[00:00:00] - Introduction and welcome

[00:01:00] - Jo's reflection on attracting high-intent buyers

[00:03:00] - The mindset of high-ticket clients: "This will work for me"

[00:05:00] - Defining a high-ticket, high-value client

[00:06:00] - The three pillars of selling any offer

[00:08:00] - Why timing matters in decision-making

[00:11:00] - Choosing your ideal client who wants to make a difference

[00:13:00] - Understanding your ideal client deeply

[00:14:00] - Sharing the experience of working with you

[00:15:00] - Owning your authority and expertise

[00:17:00] - Remembering your business is bigger than one offer or client

[00:18:00] - Closing thoughts and call to action

Key takeaways:

  • High-value clients have a growth mindset and are ready for transformation
  • Focus on the identity shift that makes desired outcomes inevitable
  • Share experiences and quick wins to attract premium clients
  • Own your authority and expertise to justify premium pricing

Don't forget to subscribe to the podcast and share it with fellow coaches who might benefit from these insights!

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

Connect with Jo on LinkedIn

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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
Speaker:

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.

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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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Hello, welcome to the 82nd episode

of women in the coaching arena.

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I am so glad you are here.

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It's Saturday afternoon.

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I haven't recorded a podcast on a

weekend for ages, but I'm super busy

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at the moment because I'm running a

30 day sprint right now for my clients

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and that means loads of offers to

review and really ramping things up.

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It's not just a sprint for my clients.

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It's a sprint for me as well.

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So excited to spend the

afternoon with you here.

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Firstly, I wanted to say, thank

you so much for listening.

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I appreciate each and every one of you

for allowing me into your ears whenever

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you are listening to this episode.

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I've been reflecting on my own clients

this week because I'm attracting

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some wonderful people at the moment

who are hight intense buyers or

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people who have that huge identity

shift whether or not they feel ultra

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confident all the time, but they

deep down know that they are going to

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change and they're in a real growth

mindset of like, yes, I can do this.

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It's a slightly different mindset

that I seem to be attracting lately.

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Therefore I wanted to record

this episode for you on the

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psychology of higher intent buyers.

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I also think that it helps that I

sell from a sales page or via chat

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a lot of the time, these days.

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They haven't taken loads

of convincing to buy.

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They have made their decision

and I absolutely loved that.

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Because in entrepreneurship, there is

going to be decision after decision.

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If you are taking ages to decide on

whether to join a program and needing

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loads of convincing, then it's not a good

start to your entrepreneurship journey.

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That is the perfect analogy for high

ticket clients and the mindset that

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they have, that this will work for them.

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It's worked for others, why

wouldn't it work for them?

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Versus saying, will this work for me?

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And yes, we all have that tiny doubts

that something might not work for us.

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I was once at this business event

with a business coach I love called

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Fabienne and someone said, how

many people fail in your program?

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She said, what a strange question?

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Why are you seeking out evidence

that this won't work for you?

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Versus looking at the evidence

that I've just shown you, that this

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will work for you and this can work.

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In one way, I loved the question.

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Cause I thought like that's

secretly what we all want to know.

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But it also did make me think.

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Yeah, you're right.

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You're never going to succeed

with a mindset like that.

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Why wouldn't it work for you?

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It's clearly worked for others.

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She has hundreds and hundreds of

testimonials, so it's possible.

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If you work, it will work.

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That's what I'm covering today.

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How do we effectively sell to and attract

high ticket and high value client.

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We are going to approach this from

a completely different angle.

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Let's start by reframing the question.

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Instead of asking how do I sell this?

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Or how do I get people

to buy what I'm offering?

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We need to start by really understanding

how that high ticket client actually buys.

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It's not just about your launch

plan or your sales page, although

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yes, those are important.

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The key is to really deeply

understand who your client is and

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how they make purchasing decisions.

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Let's first define high ticket client.

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Sometimes it is someone who pays

three K 5k, 10 K for something.

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They also can be the person who just buys

a lower value thing because they just

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want it there and then they're prepared

to implement it and put it into action,

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so it's about their mindset as well.

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A true high ticket, high value

client has a growth mindset.

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They're looking to expand, move

forward to completely transform.

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They're open to changing their identity.

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Think about it this way, it could be even

someone at the start of their business

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journey, but they still invest because

they have a big vision and they know

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they didn't want to stay at the start

of their business journey for long.

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I have a great client who joined

me when she was on gardening

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leave from her employer.

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She genuinely was brand

new to the space.

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Had never done any marketing had never

put posts out on LinkedIn, for example.

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In her career, she was, off

the decision-making mindset.

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She has gone from strength to strength in

her business really learning everything.

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Actually now reflecting back I

think her first three or four weeks,

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she was probably shell shocked.

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Lots of people do join my

program when they've been doing

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this for a year, two years.

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They kind of have some idea about what's

going on, but she had joined genuinely

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before even thinking about niche,

offer marketing, any of the staff.

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She just messaged me back from

my first email and my nurture

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sequence saying, I need your help.

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When can I start?

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Which was a brilliant indication

of that high value, high intense,

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high successful type of client

and that is what she has become.

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The common thread we are

looking for is that mindset of

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growth and forward momentum.

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Let's talk now about the three

pillars of sending any offer.

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When you are thinking about an

offer there are three fundamental

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things you want to consider.

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Firstly, why this offer?

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What is the transformation they will get?

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What is your offer promise?

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You might like to consider it.

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If the word promise scares you.

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I think about your

transformation statement.

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How will they go from A to B.

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Are they going from stuck in their

career into a job that they love?

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What is the A to B transformation

that you are facilitating?

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The key thing here is to spend an

hour in tangible day-to-day moments,

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you will always know you're going

to vague on your ideal client.

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If you're using words like

goals, challenges, vision.

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What is their goal?

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What is their challenge?

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What is their vision?

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If you can't spell that out for

them, they're unlikely to be able

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to see the value in what you offer.

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Fortune favors the brave.

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If you cannot be brave, they will go

to someone else who can be braver.

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And I know that is really, really

tricky, but little by little, just keep

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thinking, how can I make this a tiny

bit more tangible, a tiny bit clearer.

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Next question is why are you

the right person to lead them?

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Have you done what they want to do?

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And if so, show them your journey.

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Did you go from underconfident and unable

to speak up to speaking up clearly?

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What is your journey including the

highs, the lows, every single step of

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the way, because usually people want to

work with someone who has undergone the

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sorts of transformation that they want.

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We know as coaches, this isn't necessary.

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Most of the time people are

looking to you for that inspiration

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of what is possible for them.

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Our third question is why now?

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What makes it the right time

for them to take action now?

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I run an evergreen program.

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I don't really use that kind of scarcity,

you have to join this month because , they

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can also join next month if they want to.

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Realistically it's like, when

do you want to actually start

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getting serious in your business?

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When do you want to start the journey?

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The quicker you start the journey.

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The quicker you will be gaining

those high value clients.

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If you have a specific deadline, if

for example, you're running a group

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program, then that really does help.

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I use this analogy the

other day with my clients.

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If you had a job offer at some

point you're going to have to decide

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without knowing if it's a good move

or not whether to accept that job.

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The problem is when we

are in our own business.

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We wait around thinking, oh,

well I don't know my niche.

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I don't know my offer.

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What if this doesn't work?

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And there's no one to push

you over the edge to say.

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Do you know what you're never going

to know unless you make the decision.

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Think about if you were going for a

job, you have to accept that job not

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knowing if it's going to be better

than your last job, if you're going

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to like the team, if you're going to

settle in, if it's going to feel good.

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You have to take that decision

without knowing any of that.

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Just stop going so easy on yourself with

procrastinating, not making decisions on

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whatever you need to make decisions on.

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Thinking there is one right

answer because in life reflect

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back to all of your decisions.

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You don't know if it's the right partner

that you're going to be with forever.

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If it's the great job that

you really hope it will be.

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You have no idea of anything in life.

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There are no guarantees.

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You need to make that

decision and take action.

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And that is what's going to show

you if it's the right action or not.

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Either way you will win or you will learn.

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How can you talk to your ideal

clients internal drivers?

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There are reasons they want to make a

decision now versus make it in three years

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time when they've already lost confidence,

they've lost loads of money, they've

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lost loads of time with their children,

whatever it might be for them really think

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about their drivers to make that decision

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now.

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Let's now look at choosing your

ideal client who does want to make a

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difference and that client who does want

to move and change something quickly.

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High ticket and high value clients

are looking for something more.

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They wants to get to their

goals easier and faster.

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They are people on the move.

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They do not want to mess around.

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They're looking for that solid

pathway promise to get there

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with more ease and more speed.

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You don't want the client who isn't

going to take action because it doesn't

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help you and it doesn't help them.

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In all of your communications, really

think about talking to that client who

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does know they're going to be successful,

who does know that this can work for them.

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Why wouldn't it?

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So again, up level, your ideal

client, that's something I'm learning

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a lot and I'm absolutely loving the

sort of clients that I'm working

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with now who aren't hesitating.

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They are taking action.

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Within one call they're

nailing their niche.

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The next week they're doing their

offer and the third week they're

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selling that offer inside of my

program and I absolutely love

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working with clients like this.

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It's a real identity shift to be able

to speak to clients that are going to

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get great results working with you.

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You want to speak to that

identity in their messaging?

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You don't need to just promise results,

speak to them as if they are obviously

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the person who achieved those results.

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They know deep down that they are that

person, and they just need someone to

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motivate them, provide the accountability,

given the structure to make this happen.

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Focuse on the identity shift that makes

that desired outcome inevitable for them.

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Now comes the bit, but everybody

skips over understanding

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that ideal client deeply.

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I know you have done so many of these

exercises where you think about your

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client is aged 30 to 35 and they're

married and they live in London.

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Wherever it might be, but you

need to really go beyond that

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surface level demographics.

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Think about that actual side key,

what excites from what scares them?

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What are they writing in that journal

that they don't share with anyone else?

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What is their most audacious goal

that they are afraid to say out loud.

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Get super clear on what

they're not telling you.

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If you are the person to paint

the picture of their dream, of

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that goal that they secretly want.

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They will know that you are

the person to guide them there.

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Something I'm excited to start doing

more is sharing the experience.

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High value clients are buying

an experience, not just

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basic product or service.

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Start sharing more about what

it's like to work with you.

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Give them a flavor of the conversations

You have with your other clients,

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the environment that you create.

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This is what sets you apart and

justifies your premium pricing.

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I'm excited to have someone new

started to work with me last week.

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One of the projects we're working on

is really mapping out for each and

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every client, their journey, how

lovely would it be to see this is where

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you started with your onboarding form

and here are your highs and lows and

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everything in between along the way.

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As well as that being an amazing gift

to my client it's also a great way of me

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tracking and really seeing and being able

to share those results of real clients.

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Especially, what I'm really

excited to do is start sharing,

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how quickly people get results.

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Because people want quick wins as

well as wanting to go on the journey.

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Even a week or two in the

program, the mindset shifts.

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Somebody started a couple of weeks ago.

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Within the first few exercises

she did in the portal.

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She said, you know what I've realized

I'm playing small and I have been for

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years and she literally shared in

our slack group her huge, big vision

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that she had been too scared to

even think or say out loud before.

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I really think there is such power in

having that courage to say it out loud.

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What she really, really wants and

she's already on the way to getting it.

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The action she's taking now,

just two weeks into the program,

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aligns with that vision that she

has allowed herself to step into.

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Share those experiences with your

ideal clients and they will see

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maybe that's possible for me as well.

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Okay my final points to round up

today is owning your authority.

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I think so many of us underestimate.

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How good we are at what we do.

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We try and be polite , it's

especially for women.

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It's like that thing that you

should be modest, polite, not

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shout-outs about how good you are.

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At the same time, we really do

need to own our own expertise.

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Your unique perspective and the

transformation that you can provide.

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High value clients are not investing

in you for surface level results.

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They want complete identity shifts.

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They're investing in you because

you can see their gaps, the things

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that they are struggling with, and

might not admit even to themselves.

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The best way of helping them to

sign up to you and fill those gaps

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and really amplify that success.

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The key points I want you to remember

from this episode is it's about mindset.

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So yes, you need to have the

practicalities in place of a

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good niche and a good offer.

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But it's also about stepping into it and

being fully courageous to energetically

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attract those clients into your world.

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It's not just about the basic offer.

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It's about how you show you are

the person to lead them on the way.

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Speak to their identity, share the

experience of working with you and

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own your authority in this space.

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If you are struggling with this

don't worry, you are not alone.

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Everyone has highs and lows along the way.

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Create a way of sharing what

are your successes, what

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have clients said about you?

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If you haven't had those clients

yet look at your own journey.

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What have you overcome along the way?

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What have you achieved?

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What have you dug deep and done what

most people won't do and even just having

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your own business is something that

probably 98% of the population will never

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do most of the time they want to, but

they're too scared to take that step.

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If you have taken that step you

are already in that top 2% of the

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population going after what you want

and determined to make this happen.

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Keep remembering that your business

and your mission is way bigger

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than one offer or one client.

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Especially bear this in mind, if an

offer flops or you have a discovery

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call and they don't come back.

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When you truly embody that success is

coming, you do not need that one client

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or that one offer to be successful

because there is plenty more on the way.

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There are people out there who want

to take fast action and prepared to

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identity shift that this will work for

them and they are the clients you want

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because they are the clients who are going

to be successful in working with you.

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That is all for today's episode.

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I hope you found it valuable.

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Please do share this podcast with a friend

or your coaching cohort who might benefit.

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I would hugely appreciate that.

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And don't forget to hit the subscribe

button because I think it makes a huge

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difference to the podcast algorithm.

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Also obviously you're then get notified

every single time I dropped an episode.

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Like I say, at the end of every

episode, trust yourself, believe

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in yourself and be the wise Gardner

who keeps on watering the seed.

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Microphone (Samson Q2U Microphone):

Thank you so much for listening to this

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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.

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About the Podcast

Women in The Coaching Arena
Helping compassionate coaches to grow their coaching businesses with practical and emotional tools so that more brilliant coaches build brilliant coaching businesses
Are you a coach who's passionate about making a difference and building a thriving coaching business? Join Joanna Lott, a business mentor and ICF certified coach, as she shares practical and emotional tools to help you succeed in the coaching arena.

In each weekly Thursday episode of The Women in the Coaching Arena Podcast, Joanna provides valuable insights and actionable advice on various topics, such as business strategy, marketing, mindset, energy and entrepreneurship. Whether you're just starting or have years of experience, this podcast is for you.

You have a gift that needs to be shared and Joanna is here to help you do it.

About your host

Profile picture for Joanna Lott

Joanna Lott

Joanna Lott helps coaches stand out and get clients - with honesty not hype.

She has 20 years’ experience of working within HR and Governance in trade unions and financial services.

After qualifying as an ICF Executive Coach she set about learning everything she could about business, sales and marketing and quickly built a profitable career and executive coaching business around her young family.

Other coaches started asking her how she did it, so she’s supported 35 coaches in the last year alone to help them to build their business and get clients so they can make a living doing work they love.