Three simple ways to explain your value to potential clients

Image courtesy of franky242 / FreeDigitalPhotos.net Let’s say you are out at a networking event to find clients. You start having an engaging conversation with a person who fits your target and would be an ideal client. Then you get asked a question that stops you in your tracks: “Can you tell me how your coaching will impact my bottom line?”

For some, this type of question can throw you completely off. Maybe you haven’t had enough clients yet to be able to judge the impact. Or if your work is more mindset vs. tactics to grow business, responding can be challenge. So, how do you answer a question about quantifying your impact?

1. Talk about the Opportunity Cost of Not Coaching with You Most goals for business people are tied to money. But no matter what they try, without the right mindset, it’s possible those goals will not be actualized. If your prospect has a goal of earning $50,000 on a project and she doesn’t clear up her issues to meet the goal, that will be a $50,000 problem. Another angle is to talk about the soft side of your impact. Many people don’t want to get to their death bed still wishing they had done the thing they dreamed of but never set their mind to make it happen. Avoiding regrets is a way of looking at the opportunity cost of not coaching with you.

2. The Answer Is Truly Client Specific Everyone is different. Someone may have the goal of doubling their business and that might mean getting to $100,000. But for another person that could mean a million dollars. So you when you find clients like this, ask what the person hopes to achieve to provide a specific response.

3. Entrepreneurs Know They Often Stand in Their Own Way Even though some business owners know they are getting in their own way, they can’t see how to work around that. They don’t know how to break these habits or aren’t even aware which habits are preventing progress. For example, you may find clients with a concern about bringing on employees. Without your help to get past the resistance, this prospect can’t take this step which means he can’t alleviate the overwhelm by hiring more manpower to grow and achieve his vision. That’s an opportunity cost easily understood. Talk about playing a bigger game and building confidence.

Your Client Attraction Assignment Whether you are out networking or doing get acquainted calls to find clients, and someone asks you about your impact on the bottom line, you now have several ideas on how to respond. Ask what they stand to lose if they don’t work with you. That’s the easiest way to answer the question so prospects can feel the potential lost opportunity.

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 Client Attraction 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 TheClientAttractionSystem.com.

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Comments 7

  1. Great point about speaking to the quantifiable and soft costs of taking action. In the surveys I give out after a software class, I always ask students to tell me how much time they save each week as a result of what they learned, and it 10+ years, they always end up saving more than they invested in the training. From one of your programs (GMC, I think?) I also learned to count the soft costs (feeling like a fraud, wasting too much time on their computer, frustration). Another very helpful blog post!

  2. “Your client attraction assignment” … I like that element above Fabienne. Nice.

    Lately, I’ve been telling a story about what I do … and well, ok, it goes something like this …

    — OtherPerson:
    Hi Kenn, so what do you do?

    — Me:
    My clients are coaches – not the sporting kind! But coaches like business, health and career coaches. For example, one of my clients is a business coach. As a business coach, he wants to get more clients to coach. And in order to do that, the coach needs to look really good at what he does. I help the business coach create a website to do that. While coding and design are important, it’s the content and strategy that really make a coach’s website attract new clients.

    The story …

    Btw, seen your stuff around for years, nice work Fabienne. Yes, I got your CD a while back. Hope to see you in person soon.

  3. Pingback: Coaching ConfidenceRecapping the Facebook Monday Invite (from 2nd December 2013)

  4. Pingback: Coaching ConfidenceCoaching Confidence-2013 blog review - December

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