How To Measure Your Course ROI
No More ROI: The Real Way to Sell High-Priced Packages
Want to know what keeps a lot of coaches and service providers from charging what theyāre really worth?
Itās that all-too-common belief that āI am not a salesperson.ā Combine that with a healthy dose of āItās rude to discuss money,ā and you can see why itās just easier to keep your rates low.
Itās time to think of your services from a different angle. Not only will you see things in a clearer light, but selling suddenly wonāt feel soā¦salesy.
Hereās how traditional pricing discussions go:
You talk to a potential client, and you explain what you can offer, how your coaching or service works, what he or she can expect (how many calls/emails, phases of work, length of contract), etc. And then you say, āMy rate is $XXX.00.ā
Your client either says yes, no or (the kiss of death) maybe.
Letās turn that around, and rather than focus on what he or she will get from YOU, take a look at what she will achieve when she hires you.
For a business coach, this is easy. Talk money. How much more profit will your client make when she hires you? If your coaching fee is $1,000 per month, but you can show her how to increase her sales by $3,000 per month, then your price is inconsequential. Sheāll earn it back three times over, not only while youāre actively coaching her, but for the rest of her business life.
Who wouldnāt jump on that with both feet?
What youāre doing here is not talking about the cost of your coaching, but rather the cost of not hiring you. Because if she doesnāt work with you, sheās losing $3,000 per month.
What about other kinds of coaches though? The same applies, you just have to find a way to show your clients the cost of their inaction.
If youāre a life coach, inaction (to your potential client) might mean years of feeling unhappy and unfulfilled. Imagine what it might be worth to your client to lift that depressing burden forever?
The same goes for health and wellness coaches. Can you add 10 years to the life of an unhealthy, overweight man? Thatās priceless.
What about dating coaches? For someone whoās been unlucky in love, in and out of one bad relationship after another, the promise of a man (or woman) who will love and cherish them is worth nearly any price.
You just have to paint the picture.
What will life/business/love look like without your coaching services, and what can it look like with you? Once they see the difference, pricing becomes nearly irrelevant.