March 24th, 2008
By: Shama Hyder
As some of you know, I had my own coaching practice before I started After The Launch. One of the driving factors behind starting After The Launch was my success with the coaching business. I saw (still see) really good coaches struggling to make ends meet. Here is how I built a thriving coaching practice and later sold it:
1) I didn’t "jump in." I am a fairly methodical person and I like to do my research. I suggest all serious business owners do the same. Before I ever opened shop, I talked to other coaches, I created a marketing plan, and most importantly-I found a mentor. Jeannette Maw is a very successful coach. She was doing something very close to what I wanted to do, so I hired her to help me. It was the smartest decision I made. Very few people realize how tough it is to start a business from scratch-even if you are a seasoned entrepreneur. There is no alternative for human support. Having her support enabled me to reach further and feel safe doing so at the same time.
2) I had a model and methodology- A structure is one of the most underrated yet useful components of a successful coaching or consulting business. It provides a flexible framework for getting a client from point A to point B. I created the WOW coaching method. It was a three step process that I honed over time to deliver results. It allowed me to explain how I worked in very simple terms .
3) I participated in forums- Marketing your services through forums is online guerilla marketing at it’s best. I participated mainly in forums where my target market was hanging out. And I didn’t post any ads. I just answered people’s questions with my web address in the signature. This was a GREAT list building tool. On an average week, I was adding 50 to 60 new people to my list.
4) Positive intentions- Our intentions are powerful. Once you make up your mind, you can (pardon the cliche) truly move mountains. I was intent on building a successful practice and I didn’t let up until I had one. I also realized that I didn’t need a million clients. I just needed a few that truly loved what I had to offer.
5) Created a funnel- Not everybody is ready for full fledge coaching. They want a taste of what you have to offer. Keeping this principle in mind, I created a funnel. It started with a free report, then a $9.99 personalized prescription for success, and then went on to coaching. The $9.99 made no difference to me, but it allowed me to show them how I could help. Paying a small amount helped them show trust in my services (even if it was a small start).
Later this week I will share the lessons I learned while creating and building my coaching practice.
Posted in Marketing Your Business | 3 Comments »
March 19th, 2008
By: Shama Hyder
Recently there was a brilliant article by Kevin Kelly called 1000 True Fans. In it he argued, that to be successful you don’t need hordes of fans. He was talking about musicians and artists in particular. You don’t have to reach rock-star level to earn a decent living (100k). All you need is 1000 true fans.
True fans go out of their way to attend your concerts, buy your products, and evangelize to their friends.
The same concept of fans applies to consulting, coaching, accounting- really, all service professions. You don’t need a list of 50,000+. You just need a few constant clients who love what you are about.
So,
1) Decide how many is the magic number. 10? 100? 1000? How many adoring fans do you REALLY need to be successful?
2) Figure out how you can attract them by adding value and by being remarkable-to them anyway.
Posted in Business Profitability | 6 Comments »
March 18th, 2008
By: Shama Hyder
1. Do I need an eZine? Aren’t there a lot out there already?
The short answer-it depends. It’s a great way to keep in touch with the people who enjoy what you have to offer. But only do it if you can provide quality information. I have seen some great eZines that really add to my knowledge, and others that seem like never ending ads for everything under the sun. If you feel like what you have to offer will really help your target market, go ahead and get an eZine started! The trick is to be honest with yourself without being overly critical.
2. What is the best way to manage my list?
Don’t manage it through outlook or your own email provider. Not unless you have a list of 10 or fewer. There are some programs out there that can make it very easy to create forms and send out regular broadcasts. Constant Contact and Aweber are two popular programs. Aweber is what I use. I absolutely love it and recommend it to anyone who needs a list management program.
3. How many times should I reach out to my list?
This is a hard question. It depends on your target market and on how much time you can devote. Start out with twice a month and get feedback. I used to produce this eZine twice a month, and subscribers asked for more so I switched to a weekly format.
4. Double-opt in or not?
Double-opt in refers to getting someone’s permission twice before adding them to your list. Once when they sign up using a web form, and a second time when they confirm through an email. Always go with double-opt in. It’s safer in the long run and you will have a list of people who truly care about what you have to offer.
5. Text or html?
Both have their pros and cons. Text is simple looking and may lack flavor, but it will look uniform on most computers. Html looks better, but you may have to deal with occasional coding issues. My personal preference is html-but it is a matter of preference. You can always get feedback too. I started this eZine in text and evolved it into html.
6. Where do I get so much content?
This is tricky. As long as the content is fresh, most people won’t care where it’s coming from. Definitely write some original content because it is a great showcase for your expertise and a platform for helping others. Occasionally, you can share someone else’s work as long as it pertains to your target market.
Any more questions?
Posted in Marketing Tools for Your Service Business, Marketing Your Business | No Comments »