If you ask any coach, trainer, or consultant what the holy grail is when it comes to receiving the investment for their services from their clients, they would all agree that it’s receiving payment for services in full and upfront.
Unless you own a membership website or you have a subscription based mastermind program designed to access your training, courses, and community, securing payment in full for your packages is not just good for your cashflow, it’s good business.
Unfortunately, we do not live in a world where you can purchase a car or a home with just a promise you’ll make the monthly payments. Either you pay in full or you sign legally binding agreements that you’ll make the payments on time each month, or else.
As we previously discussed, chasing payments in your coaching business can cause serious cashflow issues and create multiple problems when it comes to growing your business.
Ultimately, cash is king, and building your coaching, consulting, or online training business needs predictable cashflow in order for you to reach your business goals. So what can you do to ensure that your business has predictable cashflow to avoid getting stuck chasing payments?
Option 1: Refrain from offering your own in-house financing program or payment plans completely. By offering financing for your high ticket coaching services on your own, you risk clients missing payments or defaulting on your agreement entirely. So with this option, you only accept cash or credit cards for your services. Period.
Option 2: You work with a third-party that offers a custom financing solution designed specifically for coaches, consultants, and trainers. One which allows you to offer financing for your services without any of the risks or headaches associated with traditional financing or payment plans. And one which allows you to still receive your client’s investment upfront and in full.
OK, we will admit that option 2 is a shameless plug for Coach Financing because that’s exactly what we can do for you. Here’s how it works and how we can ensure that you get access to your fees in full within 48-72 hours after your new client says to you, “Yes, I’m in!”
How To Generate $1,000 To $50,000 Or More Within The Next 48-72 Hours… And Repeat This Process As Many Times As You Want.
Unlike some coach marketing training programs or courses, such as a top-secret ninja Facebook marketing funnel to enroll 38 new clients within the next 17 days, or any other sacred marketing tactic only reserved for those with a black belt, our method is quite simple.
Here’s how it works in just six simple steps…
Step 1: Market. You do what your awesome self does: You share your message with the world, provide valuable information, and attract highly qualified prospects into your coach or consulting marketing funnel.
Step 2: Provide Two Options. You speak to your potential client and give them two options to cover the investment to access your coaching, course, mastermind, or other offers. The first option is to pay with cash (debit card, credit card, check, unmarked $100 bills, etc.). And the second is to finance your program over the course of 12-60 months (depending on the investment amount.) They respond by saying they want to finance your coaching and you provide them with the link to your custom landing page which we provide you after you enroll into Coach Financing.
Step 3: Apply. Your client fills out the initial application for pre-approval. This takes just one minute to complete, and does not have any impact on their credit score. They will know within seconds if they are pre-approved. You will also see all of the details of their application in the back office we provide you.
Step 4: Accept Offer. On the following screen, your client receives multiple offers from our lending partners. These offers will vary, providing your client to choose the terms and monthly payment that fit their budget so they can invest into your program.
Step 5: Get Funded. Your client chooses a loan. They proceed to fill out the full application and receive the funds, in full within the next 24-72 hours into their checking account.
Step 6: Get Paid. You check your back office, see the loan has been funded, and debit the funds out of your client’s account and enroll them into your program. (This can be done via debit card, ACH, or if the client wishes, charged on a credit card and they use the loan to pay off their credit card so they receive the points and a lower interest rate.)
This is exactly how you can get paid within 48-72 hours once someone finances your coaching or consulting services. And all accomplished without having your clients use risky loan or credit card stacking services or programs.
Think about it…
How many more clients could you have enrolled over the past month if you had this solution in place? What about the past year? Something to think about. In fact, here’s…
A Quick Method To Generate Revenue In Your Coaching Or Consulting Business...
Once you’re enrolled in Coach Financing, reach out to everyone who you’ve spoken to in the past about your services, but they were unable to afford it at that time. Let them know that you have a new financing option available which would enable them to get access to your coaching program.
If you enrolled one, five, or ten new clients using this method, how much would that be worth to your business?
And think about this: If potential high ticket coaching clients were debating on whether they should enroll with you or another coach… and the other coach offered an affordable financing solution, who do you think will enroll more clients?
How Can We Help You?
If you’re ready to offer financing to enroll more clients, enroll into Coach Financing today.
If you have any questions about how Coach Financing can help your business, please contact us.