Recently, one of my clients was expressing her concern over how she earns money. She realized she has limited how much money she can make by relying solely on one-on-one model with her clients and small groups.
Until now, she has preferred to work with one person at a time or even small groups to keep the activity hands on with lots of personal attention, as the one-on-one model suggests. That does limit her income because there are only so many hours in a day where she trades hours for dollars. To earn more, she’ll need to reach more people at the same time.
This requires a bit of a mindset shift to think about how she can better leverage her offerings from one-one-one model to a broader scale. Opening up to ideas that produce more income in the same amount of time will be the key to reaching the next level of earning.
Here are two simple options that I suggested to help her step up to the next level. One method produces leveraged income and the other generates passive income.
1. Leverage Income
Let go of only offering the one-on-one model and get comfortable with the idea of larger workshops, reaching 10 -20 or more people.
At the time, I charged something like $1,000 for a 10 week program and had 20 members enrolled. That added $20,000 of income to my earnings every time I ran the program and I often did this several times a year. This way my fee per hour was $2,000 versus $150 or $200, so you can see how the income grows exponentially.
Another leveraged income idea is to offer a monthly Q&A call, so clients can ask her questions directly. This program has given me the ability to help people that did necessarily needed the one-on-one model. This also gives potential clients a way to get a taste of working with you and help them make the decision to work with you privately later.
2. Passive Income
Another way to raise your earnings is to sell passive income products. Offer a monthly, low-cost program so many people can have access to tips and suggestions. Deliver a monthly podcast interview or as a downloadable MP3. It’s still passive income and you’re helping a broad audience.
In addition, you can develop a home study program which will work for you like one of those infomercials for the Bullet food processor – you set it up and forget it, but it keeps selling. I wrote my home study program several years ago, but it is still helping people today and I sell several every week.
To shift from a one-one-one model to a larger scale of clients, redesign your business model and think of what services you are currently delivering you could batch
Your The Leveraged Business Assignment
After reading about these two ways to increase your income, what ideas come to mind? Which would be the easiest way to go for you? Leveraged or passive income? Choose the option that will work best for you right now and get it ready to market and don’t miss my recent video tip about creating passive income. The sooner you start selling this new offering, the faster you will build your income and get past the limitation of trading hours for dollars.
Now, if you’re just starting out and trying to fill your practice in the FIRST place, then follow a step-by-step system that feels easy and authentic to you. The Leveraged Business Home Study System™ gives you the most important things to do to set up simple, solid systems, so that you consistently fill your pipeline and continually get new clients. It’s all step-by-step, not a big mishmash of things. So, you do step one of the system, and when you’re done with that, you move on to step two, and so on. All the tools, scripts, templates, and examples are handed to you on a silver platter. Easy. You can get it at The Leverage Business.
If you want to learn more about our program and learn how to switch from a one-on-one model to a more profitable one, why not book a free strategy session to talk to one of our coach ? We can help you properly master your transition from a one-on-one model to bigger sessions.