If you’ve questioned whether now is the right time to sell high ticket coaching, then this four-step formula is for you. I’ll share my process and what I did to step into my high ticket coaching career.
In This Episode:
I’ve been reading a lot of comments and posts about people asking when to start selling high-ticket programs and some stating they just can’t see themselves doing it in their niche.
I wanted to share my perspective on the process that brought me to where I am so you can gain additional perspective.
I personally may have took longer than the average bear to start selling higher ticket coaching & mentoring…
…BUT it was my journey and it happened exactly as was necessary. Everyone’s journey is different.
This just happen to be mine.
I personally started out setting up websites for a few friends for free about 8 years ago. I realized how much work it really was and began charging $250 per person.
As my ability to deliver more value grew, I then noticed people were struggling with the very same problems I had just figured out.
This process stair-stepped from $250, to $1000, $3000 then to $5000.
As my competency to facilitate a transformation that delivered massive results for clients grew, so therefore did my pricing.
I was learning copy, direct response, design, content marketing etc…
…because I was investing in my own skill set I was able to deliver greater results.
Eventually, I did my first group coaching program where I charged $3000 each and brought on 5 people. $15,000 in 3 days and I had some amazingly fun people to work with.
This was my first huge shift.
Those clients went on to get massive results, grew amazing relationships within the group and walked away with solid value.
Two of the clients became best friends. One on the West Coast of the US and the other in Austrailia and they even flew to meet one another.
As I’ve looked back there’s a loose formula I use today to help clients move through this process a lot quicker.
This is by no means the only way and matter of fact I’d love to hear how you as a professional see it differently if you’ve successfully sold high ticket programs. [No Theory Please]
COST + PERCEPTION = VALUE That Drives COMMITMENT
1) THE COST:
Once I realized the importance of understanding what it was costing my ideal prospects to not solve their problem, the less energy I had to focus on uncertainties that had nothing to do with solving their problem.
I.E. – My own insecurities
Wherever uncertainty exists, fear has room to breed.
So I eliminated that excess space by focusing on the tangible and intangible costs to my prospects that I KNEW I could solve.
Once I did this I saw it as my duty to facilitate and support my clients through their problems. I had a calling to do so!
FYI: I never shared the price of my program until my prospect understood the cost of living without my coaching.
I felt this was in their best interest because otherwise they would continue to see the financial investment as greater cost than their current problems.
This was a second huge shift in my overall process.
2) PERCEPTION:
So I knew who I was helping and I took time to deeply understand what THEIR “perceived” problems were.
It’s from my experience people buy what they want, not what they need.
So in the beginning stages I sold people what they wanted (knowing I could help them get it) and at the same time deliver in that processes what they needed in order to get it.
This was before I did webinars, where I could later educate people on what to want and why.
I was on a webinar recently with Russell where he said something really powerful: