Wednesday, 23 February 2022

How To Create Predictable Recurring Revenue Streams Without Selling Your Hours

How To Create Predictable Recurring Revenue Streams Without Selling Your Hours written by Sara Nay read more at Duct Tape Marketing



About the show:

The Agency Spark Podcast, hosted by Sara Nay, is a collection of short-form interviews from thought leaders in the marketing consultancy and agency space. Each episode focuses on a single topic with actionable insights you can apply today. Check out the new Spark Lab Consulting website here!

About this episode:

In this episode of the Agency Spark Podcast, Sara talks with Shaahin Cheyene on how to create predictable recurring revenue streams without selling your hours.

Born in Iran, Cheyene is an award winning entrepreneur, writer and filmmaker currently based in Los Angeles, California. He is the CEO and Chairman of Accelerated Intelligence. Through Accelerated Intelligence, an Amazon Marketing & Advertising Agency, he manages the selling of his products and helps other Brand Owners to scale their online sales not just in Amazon but other marketplaces like: ebay, shopify & Walmart. Cheyene shares his passion for Amazon through his Amazon’s Course: Amazon Mastery.

More from Shaahin Cheyene:

 

Like this show? Please leave us a review on Apple Podcasts here!

 

This episode of the Agency Spark Podcast is brought to you by Termageddon, a Privacy Policy Generator. Any website collecting as little as an email address on a contact form should not only have a Privacy Policy but also have a strategy to keep it up to date when the laws change. Click here to learn more about how Termageddon can help protect your business and get 30% off your first year payment by using code DUCTTAPE at checkout.



from Duct Tape Marketing https://ift.tt/8FusePZ
via IFTTT

Visual Focus: The Digital Designs Propelling B2B Brand Success In 2022

Colorful Mexican talavera ceramic tiles wall decoration texture background image.

Colorful Mexican talavera ceramic tiles wall decoration texture background image. Which digital designs will shine the brightest in 2022 when it comes to telling the evolving stories of B2B brands in fresh new ways? Each year the world’s biggest firms in the world of design publish their takes on the new innovations that may come down the pike over the next 12 months, and while never a guarantee of digital design success, savvy B2B marketers and designers tend to keep tabs on the yearly visual shifts put out by Adobe, Pantone, and others. Let’s take a look at some of the design ideas that are helping brands craft their digital identities in 2022, with insight from graphic design subject matter experts at Adobe, Pantone, Canva, Venngage, and MOO.

1 — Adobe’s Turn To Digital Heritage Craft & The Metaverse Mix

Adobe’s 2022 creative trends forecast — from the innovators at its Adobe Stock arm — provides a robust annual look into the design elements and digital styles that it sees as the most likely to make an impact with online audiences in the coming year. Brenda Milis, principal of creative and consumer insights at Adobe, outlined this year’s forecast and the optimism and meaningful connections that audiences are seeking in 2022, in a wide gamut of formats including:
  • Photography
  • Illustration
  • Vector Graphics
  • Design Templates
  • Motion Graphics
  • 3D & Immersive Experiences
Milis noted that there is a, “growing confidence and acceptance of our new reality — with companies in nearly every sector embracing remote or hybrid work and the digital transformation that only accelerates with each passing season.” Designs that help people forge connections and build optimism will prove particularly effective in 2022, Milis suggested in describing the newest forecast. “People are hungry for optimism, and that unquenchable thirst for fun, whimsy, and play is evident across ages, industries, and brand categories,” Milis explained, adding that, “we are all even hungrier for authentic, meaningful connection,” insight that ought to ring especially true among B2B marketers and enterprise brands that are doing more digitally that ever before. Adobe’s forecast was built using the firm’s vast user and client bases, and included its own research along with data from:
  • Research Requests
  • Customer Data
  • Major Industry Campaigns
  • Stock Industry Insight
  • Customer Signals
Leading the way with visual trends for 2022 were the elements that celebrate playfulness and place a newfound focus on the centered self, along with several others including: Visual Trends
  • Powerfully Playful
  • The Centered Self
  • Prioritize Our Planet
  • In the Groove
The year’s design trends emphasized soft pop, heritage craft, and others including: Design Trends
  • Soft Pop
  • New Naturalism
  • Heritage Craft
  • Otherworldly Visions
2022 motion trends in the Adobe forecast — as vital as ever for B2B marketers with the continuing importance of digital video — point to the rise of the so-called metaverse and to the power of new copy and caption movements. As we recently covered in our weekly Friday B2B marketing news, predictions for adoption of the metaverse have shown swift embracing of the technology. Some 30 percent of global organizations will offer products or services through the metaverse by 2026, while 25 percent of people will utilize at least an hour each day using metaverse technology, and while it won’t be owned by a single vendor, the future metaverse will likely help boost engagement even among enterprise users, according to recent Gartner report data. Motion Trends
  • Metaverse Mix
  • Get Moving
  • Dimensional Delights
  • Copy and Captions

2 — Pantone's Very Peri Perspective

For 22 years the Pantone Color Institute has named a singular "Color of the Year," which has sought to match a color with the characteristics of the general state of the world during the year ahead. Pantone's choice for 2022 was a lavender-purple amalgamation it's called "Very Peri," — or PANTONE 17-3938 for the precise — the name giving nod to the subtle color of the flowers of the periwinkle plant. The color excels at encouraging personal creativity and inventiveness, according to Pantone — elements that B2B marketers can certainly weave into content through the use of color. “As we move into a world of unprecedented change, the selection of PANTONE 17-3938 Very Peri brings a novel perspective and vision of the trusted and beloved color blue color family, encompassing the qualities of the blues, yet at the same time with its violet red undertone, PANTONE 17-3938 Very Peri displays a spritely, joyous attitude and dynamic presence that encourages courageous creativity and imaginative expressions,” - Leatrice Eiseman, executive director of the Pantone Color Institute shared as the new color of the year was announced.

3 — Canva

via GIPHY Since arriving on the digital graphic-design scene in 2012, Canva has seen its numerous creative tools adopted by more professionals every year, with company valuations hitting $40 billion in 2021. The Australia-based firm — with its easy-to-use online design tools running the gamut from icons to infographics — also released its take on the design trends that brands will be using in 2022. Some of the digital formats Canva sees as focal points for brands in 2022 included live-streaming, TikTik videos, user-generated content (UGC), and works in progress (WIPs) digital assets such as tutorials. Leading 2022 design looks to be aware of this year included:
  • Trendy Zine
  • UI Digitalism
  • Retro
  • 90s and Y2K Nostalgia
  • Stickerbomb
  • Refined Scrapbook
  • Trendy Gradient

4 — Venngage

via GIPHY When infographic and data visualization specialist Venngage shared its defining 2022 graphic design outlook — it was little surprise that the company did so in infographic format. A few of the notable graphic design elements Venngage saw as ones to pay particular attention to in 2022 included:
  • Visible movement towards being more inclusive
  • Visually solidifying statements with facts and statistics
  • Crafting visual marketing materials that appeal to wider audiences
  • Greater options for images and icons that reflect more races, genders, and body types
  • Data visualizations that are both fun and simple
  • Bold backgrounds
  • Branded memes
  • Visual quotes
  • Social media screen captures
Few B2B marketers will have used all of these elements, and 2022 may be the year to test the inclusion of some of them in content efforts, as brands seek new ways to connect with business audiences — especially those that visually stand out among the competition.

5 — MOO

via GIPHY Digital print and design firm MOO put out its own suggestions for the design trends that will play the biggest roles during 2022, offering a glimpse into a few additional elements B2B marketers can take into consideration with forthcoming campaigns. Among the visual graphic design elements MOO sees as coming to the forefront in 2022 are:
  • Psychedelic Patterns
  • Arty Typography
  • Aestheticizing Humor
  • Vintage Advertising

Online Optimism Done Up In Style For B2B Marketing Success

via GIPHY We hope the developing ideas, creative insights, and new takes on old themes that we’ve explored from Adobe, Pantone, Canva, Venngage, and MOO will help B2B marketers reach both new creative heights and newfound levels of digital storytelling success in 2022 and beyond. Part of being the best answer in B2B marketing, as we recently explored in "Here, There & Everywhere: What Does Best-Answer Content Mean For B2B Marketers in 2022?" includes innovation, and while the industry's digital design trends we've looked at here today are certain to feature prominently in many powerful campaigns in 2022, the top B2B marketers and designers are already hard at work innovating in new ways that may form the visual trends of 2023. Creating award-winning B2B marketing that elevates, gives voice to talent, and humanizes with authenticity takes considerable time and effort, which is why an increasing number of firms are choosing to work with a top digital marketing agency such as TopRank Marketing. Contact us to learn how we can help, as we’ve done for over 20 years for businesses ranging from LinkedIn, Dell and 3M to Adobe, Oracle, monday.com and others.

The post Visual Focus: The Digital Designs Propelling B2B Brand Success In 2022 appeared first on B2B Marketing Blog - TopRank®.



from B2B Marketing Blog – TopRank® https://ift.tt/pNGgfHZ
via IFTTT

Monday, 21 February 2022

5 Helpful Ways B2B Marketers Can Achieve Content Approval

Exasperated-looking woman sitting at a desk covered in piles of paper takes a phone call.

Exasperated-looking woman sitting at a desk covered in piles of paper takes a phone call. The “Wild West” of content marketing stuck around longer than we may have imagined, but COVID-19 well and truly brought it to a close. These days, 82% of marketers use content marketing, over 40% of marketers say content is a very important part of their strategy, and 70% plan to actively continue investing in it in the long term. If content marketing is such big business now, however, why does so much of it still feel distinctly lawless? Nowhere is that more true than when it comes to actually getting either client or internal approval for your content. You go to all the work of producing your stuff, send it to the people in charge, and then… you’re at their mercy. And often, your content disappears then and there. There’s a better way to work content approval, and it’s all about process building. Securing content approval is a part of your workflow like everything else, and like everything else, it’s more effective when you have a plan. Follow these five steps to create your own plan for content approval, and you’ll find yourself spending a lot less time bitterly running down approval and a lot more time actually planning for your team’s next big splash.

1 — Standardize the Lead-Up

The last few times your content got trapped in pending purgatory, was it really because your approver got picky about back-and-forth edits? Sometimes, sure, but usually the issue is simpler… and, unfortunately, closer to home. Chances are, in fact, you don’t know exactly where the bottlenecks are that hold up your content approval process. THAT is the biggest problem. You’re not alone, either. According to a survey by the Content Marketing Institute, 42% of content marketers said that content production flow was one of their biggest challenges for the upcoming year. Meanwhile, a DIFFERENT survey by the CMI found that only 42% of content marketing teams have a formal content workflow in place. When you don’t know what you need to see a piece of content from conception to publication, a lot of your content never reaches the approval phase at all. Instead, it gets wrapped up in “where were we at with that piece, again?” territory… until everyone forgets about it. Then, if it DOES see the light of day, everyone’s forgotten what it was for… and you’re back to square one. There’s a straightforward solution: a content workflow. Create a tight, simple game plan for publishing and follow it for every single piece of content you create. At every turn, you should know: A: Where a piece is in the process B: Who’s in charge of the next step C: When they plan on completing the next step D: Who they will send their finished work to E: Repeat The more you can standardize and streamline your content creation process, the more consistently a clear, relevant piece of content reaches an approver who knows what they’re looking at at. Making that moment happen is the single best way to improve your approval rate. [bctt tweet="“Create a tight, simple game plan for publishing and follow it for every single piece of content you create.” — Harry Mackin" username="toprank"]

2 — Simplify & Assign Workflow Deadlines — Internally & Externally

Ok, so you’ve got your workflow established. Great, that’s the easy part. Now you actually have to commit to using it… every. single. time. That means two things: you have to keep it simple, and you have to keep it moving. 85% of CEOs blame internal complexity for their failure to grow and deliver sustainable performance, and it’s the mindkiller of many a content workflow, too. As a general rule, you should be able to write out your content workflow — with the names, positions, content info, and description of the role of each participant at every step in the process — for each piece of content you produce. Next, you have to avoid the dreaded “content by committee.” Keep as few people plugged into the process as possible. Have these people work closely together to understand each other’s processes and get to know their roles. Assign concrete deadlines for each of these steps, whether the person in charge of seeing them through is internal or external. Assign a project manager to keep track of these deadlines and ensure everyone is on pace. Remind your client or approver of these deadlines, why they matter, and why they need to keep up with them. [bctt tweet="“Write out your content workflow — with the names, positions, content info, and description of the role of each participant at every step in the process — for each piece of content you produce.” — Harry Mackin" username="toprank"]

3 — Make It About Them, Not You

Failure to get content approval usually stems more from communication breakdown than a problem with the content itself. Somewhere, the wires get crossed — either the client doesn’t explain what they’re looking for or the creators misunderstand intent and take the wrong tack — and then when the approver's handed the document, they don’t know what they’re looking at… or how it helps them. This failure may not rest with the content, but it does rest with the process. According to a recent Accenture survey, only 19% of marketing leaders felt they had clear objectives when creating new content. According to another study, 43% of B2B marketers only “sometimes” define their content marketing KPIs! If your own content marketers don’t know what they want to do with their content, how are the people in charge of approving it even supposed to know what to approve it for? Instead, they receive nebulous content that’s disconnected from their business, their goals, and their ideas about how to propel their brand… and they’re not interested in reading it, much less approving it! It’s not enough for your team to know why they’re producing their content (though, you know, they should) ; your clients need to know, too. What do they want this content to accomplish? Why is that the goal? How will this piece accomplish that? If you want content approval, you have to show your approver why they should care about your content. To do that, you need to show them exactly why your content marketing matters to them. [bctt tweet="“If you want content approval, you have to show your approver why they should care about your content. To do that, you need to show them exactly why your content marketing matters to them.” — Harry Mackin" username="toprank"]

4 — Collaborate with Stakeholders From the Jump

In fact, goals are important for buy-in across the board, not just with your client. There are all kinds of stakeholders in any piece of content — from collaborators to contributors to subject matter experts to field sellers. They all should be invested in your content, because it stands to benefit all of them. But, as you’re probably all-too-aware… that isn’t always how it goes. If the only people who care about your content are the team members making it, you have a big problem. If your client’s team or your approver doesn’t understand why they should care about your content, why would they? Now imagine if, instead, everyone cared about your content. The sales and marketing teams are excited for the new narrative that informs their own strategies. The clients and approvers are excited to see how the content will move their own agendas forward. Your content producers are excited because they have enthusiastic buy-in and they feel like what they’re doing matters. This kind of enthusiasm isn’t as hard to achieve as you may think: you just need to get everyone involved. Ask all stakeholders what they want from the content at every point in the process. Figure out what would make them excited to speed the content through to approval, and then provide it! When your content finally hits the approver's desk, they shouldn’t just know what it is — they should be excited to see it happen. [bctt tweet="“If the only people who care about your content are the team members making it, you have a big problem. If your client’s team or your approver doesn’t understand why they should care about your content, why would they?” — Harry Mackin" username="toprank"]

5 — Optimize Your Approval Process

When you’ve got your goals locked-in and your whole team is enthusiastic about making them happen, you’ve laid all the groundwork for the most impactful step of all: re-envisioning and optimizing the approval process itself. Now that you have goals and KPIs established, you have something concrete to check your content against. Instead of approval being a nebulous process combining pitching, editing, revising, critiquing and a little begging, you’ve given your approver definite goalposts to think about when reviewing. When your approver collaborated throughout the process, this new approach to approval becomes even more effective. Your approver already knows exactly what you’re going for with this content, so they’re free to critique how effectively they think you’ll pull it off. Best of all, informed approval paves the way for truly meaningful feedback. Without a clear understanding of goals, feedback becomes nebulous, undirected, and often circular — just like the approval process itself. With goals in place, however, all feedback can focus on how you can better achieve what you’re trying to do, which will make any edits far easier both to communicate and to implement. For more tips on how to bring your content marketing process out of the Wild West and into the age of business, keep up with the experts at the TopRank Marketing blog.

The post 5 Helpful Ways B2B Marketers Can Achieve Content Approval appeared first on B2B Marketing Blog - TopRank®.



from B2B Marketing Blog – TopRank® https://ift.tt/3qH1wAk
via IFTTT

Saturday, 19 February 2022

Weekend Favs February 19

Weekend Favs February 19 written by John Jantsch read more at Duct Tape Marketing

My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week.

I don’t go into depth about the finds, but encourage you to check them out if they sound interesting. The photo in the post is a favorite for the week from an online source or one that I took out there on the road.

  • HubSpot CRM – This free and easy-to-use CRM software makes reporting and managing a team simpler than ever before
  • LumApps – LumApps allows you to access all of your favorite business apps in one click. It is an intranet platform built for the new age
  • Obviously AI – For non-technical users, this tool uses machine learning to effortlessly predict critical business outcomes

These are my weekend favs, I would love to hear about some of yours – Tweet me @ducttape



from Duct Tape Marketing https://ift.tt/BhSxq97
via IFTTT

Friday, 18 February 2022

B2B Marketing News: B2B Content Marketing Purpose Study, LinkedIn’s Top Marketing Skill Data, & Google’s New Search Ads 360 Features

2022 February 18 Gartner Chart

2022 February 18 Gartner Chart The Purpose of Content Marketing for B2B vs. B2C Brands 88 percent of content marketers say that creating brand awareness is the primary purpose of content marketing, with 79 percent noting audience education, while some 78 percent said building increased trust and credibility — three of several statistics of interest to B2B marketers contained in newly-released survey data. MarketingProfs New LinkedIn Data Shows the Top Digital Marketing Skills Currently in High Demand Digital marketing specialists and account executives joined social media managers as the most in-demand marketing occupations, while digital marketing, advertising, and social media skills had the biggest mismatch when looking at job supply and demand, according to recently-released LinkedIn (client) survey data. Social Media Today [bctt tweet="“Always seek the opportunity to acquire new ways to do marketing, because the ability to pivot & adapt to the unknown is the most valuable skill set.” — Som Puangladda @sompny" username="toprank"] Advertisers Rank Video the Most Valuable Media Type in Accomplishing Their Goals Video, search and social topped the list of media types that advertisers found the most valuable in reaching goals and key performance indicators (KPI), with video dominating the list at 50 percent, well ahead of search's 16 percent, according to newly-released report information. MarketingCharts Twitter misses ad revenue and user growth estimates; revenue forecast light Twitter’s quarterly advertising revenue increased by 22 percent year-over-year to reach $1.41 billion, with user growth among the social media platform's monetizable daily active users climbed to 217 million, an increase of some 13 percent, Twitter recently announced. Reuters Google announces new features for Search Ads 360 Search giant Google has rolled out a new update to its Search Ads 360 enterprise campaign management platform, with changes that feature a refreshed look, expanded support for additional search engines, and greater integration with Google Ads features including Performance Max and Discovery campaigns, Google recently announced. MarTech IAB warns of 'measurement blackout' as marketer priorities remain misaligned An eventual mass exodus from the use of web browser cookies and other user data ad-tracking methods is set to lead marketers into a "measurement blackout," despite multiple efforts underway to shift to third-party ad tracking data, according to newly-released report data of interest to B2B marketers from the Interactive Advertising Bureau (IAB). Marketing Dive 2022 February 18 Statistics Image Instagram Reels vs. TikTok vs. Snapchat: Which Should Businesses Use? [Marketing Professional Data] 62 percent of marketers have said that they plan to boost investment in TikTok efforts in 2022, followed by Meta-owned Instagram at 54 percent, Google-owned YouTube at 49 percent, and Microsoft-owned LinkedIn at 43 percent, according to recently-released HubSpot survey data. HubSpot Mozilla And Meta Submit (Yet Another) Privacy Ad Tech Proposal In New W3C Group Meta — the parent company of Facebook and Instagram — joined Mozilla to propose a new web browser cookie alternative known as Interoperable Private Attribution (IPA), at a recent meeting of the World Wide Web Consortium (W3C) Private Advertising Technology Community Group (PATCG), the firms announced. AdExchanger Reddit’s Clubhouse clone gets recordings and web support Social news aggregator and discussion platform Reddit has augmented its Reddit Talk audio-call-based communication app, which offers features similar to Clubhouse, by adding the ability to record call audio for podcast-like future distribution, and that it is making the service available on the web, Reddit recently announced. The Verge Report: By 2026, it’s predicted 25% of people will spend an hour per day in the metaverse 30 percent of global organizations will offer products or services through the metaverse by 2026, while 25 percent of people will utilize at least an hour each day using metaverse technology, and while it won't be owned by a single vendor, the future metaverse will likely boost engagement even among enterprise users, according to newly-released Gartner report data on interest to digital marketers. VentureBeat ON THE LIGHTER SIDE: 2022 February 18 Marketoonist Comic Image A lighthearted look at the “metaverse hype cycle” by Marketoonist Tom Fishburne — Marketoonist CMOs Share Lessons All Marketers Can Take from Super Bowl Advertising — ANA TOPRANK MARKETING & CLIENTS IN THE NEWS:
  • Lane R. Ellis — 10 Tips for Customizing Your Marketing Strategy to Your Specific Industry — Small Business Trends
  • LinkedIn — LinkedIn Announces 2022 'Forward' Conference for HR Professionals — Social Media Today
Have you located your own top B2B marketing news this week? Please don't hesitate to drop us a line in the comments below. Thanks for joining us for this week's TopRank Marketing B2B marketing news, and please return again next Friday for another round of the most relevant B2B and digital marketing industry news. In the meantime, you can follow us on our LinkedIn page, or at @toprank on Twitter for even more timely daily news.

The post B2B Marketing News: B2B Content Marketing Purpose Study, LinkedIn’s Top Marketing Skill Data, & Google’s New Search Ads 360 Features appeared first on B2B Marketing Blog - TopRank®.



from B2B Marketing Blog – TopRank® https://ift.tt/6i2m0u4
via IFTTT

Thursday, 17 February 2022

Finding Your Niche And Scaling Your Agency

Finding Your Niche And Scaling Your Agency written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Brent Weaver

In this episode of the Duct Tape Marketing Podcast, I interview Brent Weaver. Brent is on a mission to help 10,000 digital agency owners achieve freedom in business and life by helping them own their market. Brent is the founder and CEO of uGurus, a business training, and education company dedicated to this mission. He also hosts one of the leading podcasts in the business niche—The Digital Agency Show and is the author of Get Rich in the Deep End: Commit to Your Niche, Own Your Market, and Audaciously Scale Your Agency.

Key Takeaway:

Brent Weaver is known for and on a mission to help digital agency owners own their market – whatever that may be. Too many agencies rely on word-of-mouth referrals or waste advertising dollars to grow their business. In this episode, we dive into Brent’s framework that can help you attract the right customers, establish your authority, and build a marketing engine that will help you acquire a solid, growing client base.

Questions I ask Brent Weaver:

  • [1:32] Are you all in on the idea that you must pick a niche?
  • [5:31] How do you define scale, and how does it differ from growth?
  • [7:59] In the agency world, there’s a lot of conversation around retainers versus project work — what’s your take on which path to go down?
  • [12:49] Can you dive into your 5 A framework from your book and also talk a little bit about how you see the role of content today?
  • [16:09] Can you give us a 10,000-foot view of what uGurus is and what you offer?

More About Brent Weaver:

More About The Certified Marketing Manager Program Powered By Duct Tape Marketing:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): This episode of the duct tape marketing podcast is brought to you by the Salesman Podcast, hosted by Will Barron brought to you by the HubSpot podcast network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host will Barron helps sales professionals learn how to find buyers and in big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn't want to do that? Listen to the salesman podcast, wherever you get your podcast.

John Jantsch (00:48): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch. My guest today is Brent Weaver. He's the founder and CEO of uGurus a business training and education company in digital agency space. And he also hosts one of the leading podcasts in that niche. The digital agency show he's the author of get rich in the deep end, commit to your niche, own your market and audaciously scale your agency. So Brent, welcome to the show. Awesome. Be here, John. Thanks. So did I say niche, right? What do you think? You know, I'm a ditch man, myself though, you know, it is what it is, right? I mean, I it's, it's it's maybe my Texas comes through, right. Well, you, it goes better with the riches or in the niches right. Than, uh, than in the niche. It just doesn't rhyme at all.

John Jantsch (01:38): Does it? So let's talk about that. However you, uh, pronounce it. Let's talk about cuz that, that is certainly common advice. Now I narrow down to, to a niche get really good at serving that niche. I find a lot of peoples, particularly people that are starting out or trying to grow, they get really focused on thinking, oh, I have to pick dentists or whatever it is. And you know, I have to only work with them and then they find out six months later or they hate it. So, you know, how do you, are you all in on that, obviously it's part of your ti title of your book, but are you all in on that or do you temper that in any way that that would be more helpful? I think, uh, to particularly people getting started. Yeah. I, I mean, there's definitely pros and cons to, to being a generalist versus a, a spec.

Brent Weaver (02:24): Right? I mean, obviously if we are thinking about analogies, I mean, I have a, a general practice doctor that I go see on a regular basis and it's really easy to get an appointment. I can just kind of pop in there. He kind of knows a little bit about a lot of things, but you know, when it comes to like getting heart surgery, I'm obviously not gonna go to him. And I have a, a sneaking suspicion about which one is a member of the better country club. But, but you know, I think that when it comes to agencies, if you don't, if you don't love the market or the type of business, I mean, I think it's, it's good to separate like the market from the client. I mean, if you work with 10 dentists and you realize like you just don't like seeing pictures of people's mouths, like that's totally cool.

Brent Weaver (03:02): I'm on my 13th market working with digital agencies. So this idea that you're gonna find the one, you know, the first time you go out there, I think is, is probably not a good expectation. So I think people should be willing to, to try it. But the reality is if you do work with, uh, a specific market, that's a lot more repeatable, you can build processes, you can find team members that understand what you're doing. You can create fixed offers. Yeah. There's a lot of upside to having a, a fixed market. Yeah. And I think something you said there is an important distinction. I mean, what I always kind of bristle at is when people, I work with a lot of folks starting, you know, jumping out of corporate and wanting to start an agency and they've been told you need to pick a niche.

John Jantsch (03:37): And so they, they try to, but they don't don't have the experience yet to do that. And I think what you just said, you know, a lot of times you find what you like working with. And I actually, you know, I think you can find a narrow focus in types of like within a niche types of business or types of business owners or behaviors, you know, of businesses, you know? And, and I think the that's, I think that's a key part of it, but there's no question once you find that, as you said, you know, you can a Facebook ad campaign for, you know, somebody in Milwaukee is probably gonna be just as good for somebody in Omaha. So, you know, so, and like, you know, I think it's good to also, you know, you kind of brought up the niche within a niche. Yeah, yeah.

Brent Weaver (04:19): Concept. So like one of my clients, he, he actually does focus on dentist. I don't have a lot of clients that focus on dentist, but he has 27 clients in the market. Right? Yeah. They all pay him about three grand a month. And he gets most of his clients from one Facebook group that has 38,000 members. Now I I'm, I don't know what 27 over of 38,000 is, but you know, he has a thriving business with 27, like a tiny little like sliver of the market. Right. So I think ultimately what happens when people start to focus on a market is they do find themselves drilling down even further, either through a channel or a type of client or range of clients. And I think if you are the type person that likes variety, you can also look at a horizontal market with, should be, you know, if you were, let's say an expert at Shopify stores.

Brent Weaver (05:04): Yeah. Hey, cool. We're gonna build websites for a lot of different Shopify stores. Right. It could be jewelers could be, artists could be, you know, clothing manufacturers, right. It doesn't have to just be a vertical. Yeah. I think I kinda like the variety as part of it, you get kind of bored after a while.

John Jantsch (05:19): So in the title also you have scale your agency. I run into a lot of people that confuse growth and scale, you know, and a lot of, for a lot of people, when they talk about scale, what they really just mean is getting bigger, you know, having more clients, how do you define scale first off and, and does it differ from growth?

Brent Weaver (05:38): Well, you know, that's a great question. So I think that you use that term board yeah. Earlier too, which I love. Right. So, so to me, scale is we're actually creating systems and processes that are repeatable and that we're growing the business by getting the owner out of the stuff that they're getting bored of. Right. And, and I know a lot of agency owners that are in really successful growing businesses, but man, like I have a lot of gray hair, but like they're stressed out, they're overworked, they're involved in every meeting they're involved in every client. Right. Like they have growth, which is awesome. Right. But they don't have anything that's really scalable. They're still like the wizard that's spinning all the plates. Yeah. And so I think within whether it's, it's choosing a market vertical or horizontal or a fixed offer, like you have to find that element in your business, that lowest common denominator, that atomic unit for scale.

Brent Weaver (06:31): And I don't think that's as necessary if you're just interested in growth, but if you're trying to create something really scalable and get yourself out, I, I think that you've gotta find some common denominator. And I think most people, you know, you start getting 10 team members and, you know, 25 clients or something, if you don't have those systems or processes, I mean, it's just gonna be growth will actually be a problem. Won't it? You know, I've talked to a lot of agencies, I've done a lot of field trips and, and, and site visits and hand on interviews. I mean, you know, we were at effective UI. Gosh, it, it probably seven or eight years ago. And they had, you know, 120, 130 team members. They worked with corporations across a huge myriad of the fortune 500 and fortune 5,000. They had a very diverse set of people that worked there.

Brent Weaver (07:15): Their lowest common denominator, I guess, was kind of two things. One, it was around the UI UX of, you know, these different businesses and that kind of problem solving. But the other was Deb billable hour. Like they were unapologetically focused on maximizing the billable hours that, that business sold, you know, they weren't confused on their model. They knew what their model was. They knew generally how much clients needed to spend for them to be a client of their business. And so I think that, you know, they achieved insane growth, but like, it was really complicated. They had to have a lot of really smart, a lot of really expensive salaries. And so while I saw that they, they got a lot of growth. I don't know if I would've looked at their business and said, wow, that's a really scalable system. I could see that growing to a thousand people.

Brent Weaver (07:55): Right. Yeah. Like it was impressive, but like, I don't know if I would consider that to be scale.

John Jantsch (07:59): So there in the agency world, there's a lot of conversation around retainers versus project work. I mean, where do you fall on? I'm guessing, you know, if you're gonna own your market, if you are going to, you know, brand and package your offerings, you know, you're probably going to be more towards the retainer. I mean, I, I think it depends what your goals are.

Brent Weaver (08:17): I mean, there's some pros and cons, you know, you know, usually a retainer relationship ends when there's, you know, some unhappiness with the client and vendor relationship. Right's like, retainer's ending. Yeah. What am I getting again? Who is this person we're paying? Why are they doing your credit card every month? Right. And so I think that you can, you know, there are some pluses to a project where you've got this fixed life cycle.

Brent Weaver (08:42): Yeah. And you can really create a choreographed experience for your clients in that space. What I would level it up to, without even thinking about whether a retainer is best or whether, uh, project best, I think there's different types of, of, of work that lend themselves to both. But I think as an agency, it's how do we create a killer offer? How do we make something that when we're sitting in front of a customer, it's like, it's so good. You know, it's like, it can't be refused. And so I think that should be always be the goal, right? Whether it's, you know, a, uh, a big $50,000, you know, pitch, you know, how can we remove risk for the client? How can we mitigate risks? How can we promise or show proof of results to where we're gonna really blow 'em away and just make them so excited to move forward.

Brent Weaver (09:25): And so I think once you figure out like what that offer is, and, and I think that's one of the reasons why I love people that are focused on a vertical is because we get to really understand that customer as a, you know, as they relate to the entire market, we can craft an offer. We can understand what our churn is. We can understand what our refund rates are. We can understand what our success rate is, right. We can actually look at that stuff at scale and we can create better and better offers, you know? And so I think when you get to the point where you can make an offer where you say, you know, 85 K a month, and if you're not getting, you know, if you didn't get 10 clients in the next 90 days, I'm gonna give you a hundred percent of your money back.

Brent Weaver (10:05): You know, I mean, or, and, and one of my friends, he actually even will write a check for five grand. He says, I'll give you all your money back and I'll pay you $5,000 if I don't get this result. And I think if you're gonna to that point of being able to get, create offers, like you need to know your customer, like better than they know themselves. Yeah. You need to know your processes and your results better than, you know, anybody else. And you need to be so confident to be able to offer something like that, where it's truly an offer that somebody can't refuse. So I always push people to focus more on their offer and, and also build the model that's right for you, if you will want peace of mind and you want that consistent cashflow flow, then you know, it's probably better to be on a retainer kind of model. You know, sometimes people say that that projects are easier to sell the retainers. I, I don't know.

John Jantsch (10:48): Yeah. I tell you, the model that I love is you sell a project that leads to a retainer, you know, because they, it's a lower risk, you know, it's a lower risk for them. They get to see the value, you know, they're bought in now, like they have a relationship and they're like, how can we keep working together? That that's generally the model we take, because it is, you know, somebody just meets you, you made up a pitch and you say, now it's gonna be $5,000 a month. It's like, I don't know what I'm buying. You know, I don't have, I don't have any experience of it. I mean, yeah, you got proof, you know, you got other people you've helped, but that's, to me, I think a lot of times people go for that long term retainer too fast in a lot of ways, even if that's their model.

Brent Weaver (11:24): Yeah.

John Jantsch (11:25): And now let's hear a word from our sponsor. You know, the universe is ever expanding, but it's constantly adapting too, adding solar systems here and there a sprinkle of stars and a black hole or two to keep things interesting. A HubSpot CRM play platform adapts and changes to the needs of your business. So the sky is never the limit HubSpot's reporting dashboard gives you a satellite view over your marketing sales and customer service performance. So you can get ahead of any issues before they happen. And automated marketing tools allow you to create consistent multi-channel campaigns for clear, concise communications and less mixed messages. You can even use email marketing tools to send test and optimize your emails for different devices and inboxes, whether your businesses, Jupiter, or Pluto sized, a HubSpot CRM platform is easy to implement and ready to scale with you learn more about how a HubSpot CRM platform can help your business grow better @ Hubspot.com.

John Jantsch (12:28): So you have a framework in the book, five A's, you know, every good book has to have a free framework. I will say, when I was reading about the, kind of the layout of your framework, I was very happy to see that you were telling people they actually needed to think about content differently. That it wasn't about more content. It was about content that was strategic and it wasn't just blog posts. So I, I guess maybe a comment on kind of how you see the role of content, and then maybe we can get it into the five a yeah. Well, I think that something that should be thought about with any content is distribution. Yeah. And I look at, you know, if you are trying to get into a new market and you gave that example earlier of, you know, people leaving the corporate world and not having the experience.

Brent Weaver (13:12): And so I think a mistake that a of people make is they, they start their business and they start their agency and think, oh man, I need to do content. Right. So they create a Facebook fan page or, you know, a business page and they create their website. They start to blog on their own site. And, and in the book, I kind of talked about this garage band effect, right. It's like, imagine if the Beatles, like, they're like, all right, we're gonna, we're gonna make it big at night after night, they play in the garage, right. They just like ho people of like, come and watch. 'em obviously they were all good musicians and they had a plan, but they, you know, what made them big was they went and pitched themselves to like the local clubs, the local venues. And that's what differentiates them from like the hobbyist bands that just get, get together on Friday nights and jam and, you know, smoke weed and drink beer together and have a good time.

Brent Weaver (13:54): Right. Which there's nothing wrong with that. Right. They're probably having a really good time, but if they wanna make it big, then going out and putting yourself in front of a judge and a jury is really important. It it's so important to get that rejection. And so when you're thinking about content for your agency, I think it it's equally, if not more important to think about that distribution component, right. I've got out an idea. I have something to say and I need to go out there and find somebody who's willing to put my stuff on their plat. And I think every time you then get a blog, post published, every time you show up and do a webinar on somebody else's platform, the amount of credibility, right. The amount of refinement, right. You have to show up a little differently when it's somebody else's, you know, somebody else's stage right there, a filter, but they also have higher expectations.

Brent Weaver (14:39): And so I think if you're gonna approach content as a new agency, you know, and it's harder, cuz you're not gonna, like at first, it's gonna feel like you're not getting anything out there. You're like, oh man, wouldn't it just be easier if I could just tweet on my own account. Right. So you're not gonna get a lot of stuff out there, but what's gonna happen is when you do, you're gonna build audience like that. So within the first six months of launching U gurus, you know, we were a nobody. And we had a list of over 10,000 people, a hundred percent organically because we went and got articles and content published on other existing platforms that had been around for 10 years. Yeah.

John Jantsch (15:10): Yeah. I'm a huge proponent of being guests on podcasts. That, to me, that's one of the solve so many issues on top of getting your word out there and getting somebody else to say, you have something to say, it's great for SEO, just because, you know, I'm gonna promote the heck out of this episode and probably point back to you gurus.

John Jantsch (15:28): And that'll be a nice link.

Brent Weaver (15:30): And now that I have a list, right, I could promote it too. Right. I mean, which, which that happens, right. That does happen. I mean, after a while you get to build up some assets and then you get to use those assets to create partnerships and to put feature other people and to, you know, there, there is some stuff with that, but I, I always say like there's own media and there's kind of media that you rent. And when, when you first start out, I think if you go into like the rent media space, it's gonna help you build platform for yourself later. It's a really long road to build your own audience.

John Jantsch (15:58): Yeah. I've only been doing it for 30 years.

Brent Weaver (16:01): So, so just like John, right. Just putting your 30 years in and you, you too could have a platform like duct tape marketing.

John Jantsch (16:08): So let's talk a little bit about you guru. You do, you're doing, obviously you're doing consulting with agencies and helping them grow, but you also do events, pretty good size events. You have an academy there. So maybe just, uh, obviously invite people to check it out, but also kinda give a little, uh, 10,000 foot view of what you do at U Gus.

Brent Weaver (16:28): Yeah. I appreciate that. So, so we're a coaching training and community program for, or digital agencies to grow their business. We use that, you know, that market driven model that we kind of talked about with five, a framework and, you know, finding your market is kind of our baseline to help agencies scale. And we have a, a one year program it's kind of a three year vision that people sign up for a year at a time. And I always tell people, you know, it took me like took me eight years to like uncover all of the really big mistakes running an agency.

Brent Weaver (16:56): And then it took me five years to really, you know, fix accelerate and kind of grow a successful business through it. And so our vision from day one with Yu guru is always to see how can we take that? You know, that 12 year grueling, you know, experience right. And shorten it up into a much smaller learning cycle and also give you some friends and some peers to enjoy that journey with, I, I had no agency friends except for my business partner, which he was in the boat with me. Right. We had no agency friends for the really the first eight to nine years. We ran our business. I mean, I didn't know, I didn't regularly meet with, have lunch collaborate with in any meaningful way, really any other agency owner for the first eight years of my business. And it was only, and it was hard.

Brent Weaver (17:35): It was stressful. And in entrepreneurship was a lot more fun when you have friends.

John Jantsch (17:39): Yeah. Yeah, no, I think there's no qu, you know, especially the world we work in today, you know, COVID aside. I mean, people, you know, don't have offices that they go and sit in, you know, with the 20 P even if they have a team of 20 people, it can be kinda lonely. So, so having, just, as you said, somebody else who can say, well, here's the mistakes I made you, you know, maybe you can learn something from that, you know, just kind of shortens the, uh, the curve for, for sure. And it's just you gurus.com, right?

Brent Weaver (18:06): That's right. That's right.

John Jantsch (18:08): All right, Brent, thanks so much for something by the duct tape marketing podcast. And hopefully we'll run into each other one of these days out there on the road.

Brent Weaver (18:13): Awesome, man. Thanks John.

John Jantsch (18:15): All right. That wraps up another episode of the duct tape marketing podcast. I wanna thank you so much for tuning in. Feel free to share this show. Feel free to give us reviews. You know, we love those things. Also. Did you know that we had created training marketing for your team? If you've got employees, if you've got a staff member that wants to learn a marketing system, how to install that marketing system in your business, check it out. It's called the certified marketing manager program from duct tape marketing. You can find it at duct tape, marketing.com and just scroll down a little and find that tab that says training for your, your team.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and WorkBetterNow.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 



from Duct Tape Marketing https://ift.tt/1TmZMUO
via IFTTT

Wednesday, 16 February 2022

How To Build A Winning Coaching Business

How To Build A Winning Coaching Business written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Marc Mawhinney

In this episode of the Duct Tape Marketing Podcast, I interview Marc Mawhinney. Marc is a lifelong entrepreneur who helps coaches get more clients without paid advertising. He achieves this with his coaching programs, his podcast Natural Born Coaches, his Facebook group The Coaching Jungle, and his exclusive print newsletter – Secret Coach Club.

Key Takeaway:

There are certainly a lot of people jumping into the coaching profession. Building a successful coaching business isn’t rocket science, but it does take following proven steps and building things properly from the ground up. In this episode, Marc Mawhinney and I walk through how to cut through the noise today and what it takes to build a profitable coaching business.

Questions I ask Marc Mawhinney:

  • [1:37] How long have you yourself been a coach and where’d you get started with your training?
  • [2:59] How do you find that you’re able to cut through that noise that you mentioned?
  • [4:27] How do you get clients without paid advertising?
  • [6:12] If I’m just getting started as a coach and need to get clients, is there a channel that you would tell people is a great place to get a jumpstart?
  • [7:38] When you are working with coaches, what’s the thing they get wrong most often?
  • [9:38] How does somebody who doesn’t have a reputation already go about building a reputation of influence or expertise?
  • [11:45] What are some of the practices that you see that top-tier coach coaching businesses do?
  • [13:52] What do you see successful coaches doing to actually stimulate referrals?
  • [16:07] Is there a delivery mechanism you see that works best for coaching nowadays?
  • [19:21] Are there any trends that you see in coaching right now you think people ought to be paying attention to?
  • [20:18] Where can more people find out about your programs and your work?

More About Marc Mawhinney:

More About The Duct Tape Marketing Consultant Network:

Like this show? Click on over and give us a review on iTunes, please!

John Jantsch (00:00): This episode of the Duct Tape Marketing podcast is brought to you by the Salesman Podcast, hosted by Will Barron brought to you by the HubSpot podcast network. Look, if you work in sales, wanna learn how to sell or just peek at the latest sales news. Check out the sales podcast where host will Barron helps sales professionals learn how to find buyers and in big business in effective and ethical ways. One of my favorite episodes lately, how to personalize your sales outreach at massive scale, who doesn't want to do that? Listen to the salesman podcast, wherever you get your podcast.

John Jantsch (00:46): Hello, and welcome to another episode of the duct tape marketing podcast. This is John Jantsch and my guest today is Marc Mawhinney. He's a lifelong entrepreneur who helps coaches get more clients without paid advertising. He achieves this with his coaching programs, his podcast, natural born coaches, his Facebook group, the coaching jungle and his exclusive print newsletter secret coach club. So mark, welcome to the show.

Marc Mawhinney (01:15): Well, uh, thanks for having me, John, and I should let people know, uh, what a good guy you are. I messed up our original meeting last week where I didn't up at our time, uh, scheduling snafu. Totally my fault, but you're very gracious and here we are today. So it's embarrassing for me, but thank you for not, uh, blocking me and kicking me outta your

John Jantsch (01:33): World. Now you've done your public penance there. So all all is right. So, so how long let's talk a little bit about your journey. How long have you yourself been a coach and kinda where do you get started your training? Cuz there's, there's certainly a lot of people jumping into the profession and I'd, I'd love to hear kind of maybe how your, your approach or your point of difference.

Marc Mawhinney (01:54): Yeah, so I officially started March, 2014, so we're around eight years now. And at the time I thought I was too late to the party of I was crowded and uh, I waited too long and here we are in 2022 and it's 10 times noisier and way more coaches. So the more of the story, there's never a perfect time. Just jump in there and do it. Now. My background's actually real estate. You know, I spent about a decade building up a large real estate company and throughout my twenties, and then everything collapsed in 2009. Right. And basically I went through a rough period of couple years where after nonstop success, it was just a couple years of struggle and everything. I touched, turned to crap instead of gold. And I was held back to my feet by several coaches. And that's how I found out about coaching. What eventually led me into start my coaching business in 2014,

John Jantsch (02:41): You made a use the word, no, uh, noisy. Mm. And I think that I too have, you know, I work with consultants and have for many years. And when I started my program maybe 10 years ago, I don't know that there were too many people out there now everybody's selling some sort of training for digital agencies. And you know, how do you find that you kind of cut through that

Marc Mawhinney (03:01): Noise? Well, I like yourself. I mean, you've been at it longer than me and there's that consistency, you know, since 2014, I've released 751 episodes as of today for my podcast, you know? And I've gone on a lot of shows like this. I I've been doing daily emails to my list since 26 steam and haven't missed a day there. So it's not always a sexy superpower consistency. Yeah. Cause everyone's looking for, you know, the magic bullet, but it's just showing up every day and then you're gonna outlast those people that we've all seen. They jump into it and the, and they, uh, burn themselves out. You know, they, they don't make the million bucks in the first month they get frustrated and then they're gone. So a lot of it was just me showing up every day. Like, was it Woody Allens it showing up half the battle or something? I don't know. I'm not a big Woody Allen fan, but for his movies. But I think he said that,

John Jantsch (03:49): So let me get this straight. You're saying you work really hard for a long time. That's the secret.

Marc Mawhinney (03:53): Yeah. Go figure. Yeah.

John Jantsch (03:55): Who wants? I like that.

Marc Mawhinney (03:57): I'm an optimistic person, but uh, what to things like business, I'm also realistic. So I say I'm an optimistic realist. Uh, so I'm not the type, uh, you know, when you plant a seed and you, uh, sprinkle some water on it and stuff, you don't expect it to come up outta the ground until the next day, I just assume it'll happen. So yeah. I mean, everything I do is with that in mind that, Hey, I'm just gonna do my best job possible, gonna hang in there. And then the results usually come, but I don't beat myself up if I don't get a bunch of money coming in on day one to trying something. Right.

John Jantsch (04:27): So in the intro, you mentioned that you do marketing, uh, for coaches or teach marketing for coaches without, uh, paid advertising. So I'm guessing somebody listening to this show, I go, okay, how do I, you know, get clients without paid advertising market?

Marc Mawhinney (04:42): Well, we just touched on it. You gotta roll up your sleeves and do some work. Yeah. Uh, so when I got started in 2014 coming off of bad business closure where I lost everything, you know, went belly up. I didn't have the benefit of having a big war chest. Like I had back in my real estate days, cuz I used to do a ton of now we're talking about the stone ages, you know, the early 2000, but I did a lot of postcard mailouts and radio advertising and print advertising and so on and all. And then when I start coaching, I'm like, oh man, I don't have that. I can't be spending tens of thousands of dollars a month on marketing. Uh, at the time I thought of negative looking back now there was a silver lining there cuz it forced me to really hone my message.

Marc Mawhinney (05:20): I had to do it all or, and put that work into it. And so I do find a lot of times people try to shortcut the process of this coaching. Let's say they're coming from corporate America, they got their golden parachute or they're sitting on a bunch of money and they think I'll just hire some, uh, funnel expert or guru and spend 30 or 50 grand and that'll handle it. But yeah, that, that's how coaches can do it is just by rolling up your sleeves. I know it sounds like common sense and just doing it.

John Jantsch (05:48): So, you know, I talk about that as, as well. And I talk about, you know, the various channels and you know, ways that we can reach our clients and inevitably somebody, you know, comes up like I'll, I'll, I'll do a talk to seven steps to, you know, marketing, small business marketing success or something. And at the end I'll always, somebody will come up and say, that's great. There's all these things we gotta do. But like what's the one thing, right? So, so if I'm, if I, if I'm just getting started, say as a coach and I really, you know, I do need to get clients. Is there a channel, is there a place, is there an activity that you would tell people? Well, as you're just getting started, here's, you know, here's something you should at least do to maybe kind of jumpstart.

Marc Mawhinney (06:28): I mean there's more than one way to skin a cat, right? So there's certain ma uh, platforms that I prefer you and I chatted about this. When you came on my show, a good example, you with blogging. I mean, that was a great way that got your name out there, put you on the map and everything for me podcast really have three pillars, podcasting. That's my show. But also going out on shows, I like this. There's a Facebook group, really community building. Uh, so I have the coaching jungle group and then the third ways with daily email marketing. So what I would say is, um, the, your three pillars or a couple things may be different than mine, but find, uh, one or a couple things that you enjoy doing and that you can get results from and then consistently do it instead of trying to spread out and do every single thing that's out there. Cause you don't have the time to do that. So it's like trying to start a fire with a magnifying glass. If you're moving it around, it's not gonna catch on fire. Uh, you gotta keep in one place. Yeah. Yeah.

John Jantsch (07:19): Great. Uh, point, I remember doing that as a kid all the time, um, laying

Marc Mawhinney (07:23): You with the little army figures, it goes Bart Simpson, one of the episodes of the Simpsons, he was melting the little green army guy.

John Jantsch (07:30): Um, I, I think you kind of answered this already, but I'm gonna, I'm gonna pose it to you directly and you could say, well, yeah, that's what I meant by that. But when you are working with coaches, what do you see that they tip? What, what's the thing they get wrong most often?

Marc Mawhinney (07:43): Well, especially with new coaches, uh, they assume that they're gonna spend, uh, roughly 80% of their time coaching. And then, oh, the other 20% maybe finding clients doing a little bit of backend paperwork and stuff, but the majority of their time will be spent coaching. Yeah. Anyone who spend any time the business and is that it's a flip side of it. And actually it wouldn't even be 20% of your time. Coaching is probably even less, but the, the vast majority of your time spent, uh, doing the things to, to find clients, which some people don't like because they do the coaching, right. That's why they're getting into it. And they, they think, oh gee, I don't wanna be selling it. I don't wanna be posting content marketing or whatever, but that's what you have to do. You're gonna be a, uh, well kept secret. If you're not willing to get out there. I've often said if I had to put my money on one of two coaches, if there's a mediocre coach that has amazing advertiser marketing and, and skills, but then there's this incredible coach best in the world, but sucks at marketing. I'd put my money in the mediocre coach. Unfortunately. Uh, that's just the way the world is.

John Jantsch (08:42): And now let's hear from a sponsor, whether you're looking to sell your business in the near future or just wanna make it more scalable and profitable Work Better Now's virtual assistance can help you get there. Adding a virtual assistant to your team can help you focus on high value activities like business development to boost your bottom line Work Better Now clients say that their virtual executive assistants have made an impact on their business. Well beyond their expectations for only $1,900 a month, you get a full-time assistant who is 100% dedicated to your business. There are no contracts, no additional costs based in Latin America with incredible English, proficiency and business experience work better. Now assistance undergo a rigorous screening and onboarding process work better now is currently offering Duct Tape Marketing readers and listeners $150 off per month for three months, just mentioning duct tape to learn more, visit workbetternow.com.

John Jantsch (09:38): You know, you've been doing this for a while. You've put lots of time and energy into building a bit of a reputation. There's no question that has value, right? I mean, people, uh, see you, they begin to like you and trust you and they're willing to pay a premium perhaps to work with you because of a reputation. How does somebody who doesn't have that go about building, uh, a reputation of influence or in expertise without, you know, without having that kind of long term, uh, success?

Marc Mawhinney (10:09): Well, I mean, I think, uh, one great way to do it's podcasting and you're a fan of podcasting too. I started my show in November of 2014. So I was still within that first year of being in business. The podcast got me in touch with some really, uh, great people. You know, some were big names, uh, some weren't so big names with their interesting people. Well, connected got my foot in the door with others. And then when people went to check, they're like, oh, gee, he's, you know, host a podcast. He's had these people on, like for example, I rich Lipton and Steve Chandler on my show fairly early in the run, they wrote the prosperous coach and they're well known in, in coaching circles. So people say, oh, Jay mark knows rich. And Steve, you know, now we're not best buddies or anything like that, but we talk from time to time with both those guys. And they're great. So I think podcasting, especially where there's little to expense to do it, or it's peanuts, that's probably your best bang for your buck. As long as you're patient with it, you don't expect to make the million dollars in the first week or anything like that.

John Jantsch (11:08): You mentioned the real estate industry and you know, it's most people, I don't know if most people know this or not, but probably about 20% of residential real estate, eight agents make any real money. Uh, the other, you know, run around it's part-time job. They get in it, get out of it. There's some similarity. I think in coaching, you know, it's very easy to get into coaching, you know, call yourself a coach. I think the, the top 20% are probably people that treat it as a real business that are very successful. Now I'm not disparaging the industry. I'm just that, you know, you can go industry by industry and that's probably the case. So, so having said that, what are some of the things practices not necessarily marketing, but what are some of the practices that you see that, that top tier, uh, coach coaching business do?

Marc Mawhinney (11:51): Well, I'm glad you mentioned about the similarities, cuz I've said that often before too, I catch myself, instead of saying coach, I might say agent or something. Yeah. First you think, well, there's not no similarities between the two, but actually there is, I just actually wrote an email the other day about this. And I said, one of the things I noticed that successful, uh, coaches don't do versus unsuccessful is complain. You know? And what I mean by that, I, everybody complains, you know, human or whatever, but they, they, they're not spending their time griping about, well, well, here's an example which I noticed in real estate, and this is why I love coaching in real estate. I was in a, a small, I say small market in Atlantic. Canada's 300 agents in my marketplace and everybody talked crap about everyone because they would, if I got a listing or John gets a listing, then O GE John took food off my, uh, table.

Marc Mawhinney (12:38): Right. He got that commission. I just talked to that homeowner two weeks ago. I should add it. Yeah. You know, or stuff like that. So in real estate, uh, the agents are all 364 days of the year, stabbing each other in the back. And then at the Christmas party for the real estate board, they're hugging it at each other, like their best friends. Then it's back to normal with the coaching world. What I like about it is it's not like that because, uh, it you're in, uh, Colorado. Right? I am, I am. So if, if you're in Colorado, you get a client I'm not grumbling up. You're like, oh geez, John, that bugger, he got that, you know, whatever, it's billions dollars a year industry. And it's just not saying everybody loves each other all the time. There's of course feuding and things, but, but yeah, I've find the successful coaches. They're not looking at the complaining or, or bringing other people down. And I see some coaches on social media, especially that some of the stuff they're posting, uh, about is, uh, it's kind of depressing. I'm like, I don't think I'd want to work with that person. They're just complaining that much. So there, there would be one thing that would differentiate to,

John Jantsch (13:34): So

John Jantsch (13:36): Coaching is one of those businesses, like a lot of professional services where a high level of trust really needs to be established with clients. So I'm guessing Nile, I know this, that referrals are a really big part of, you know, how a lot of coaches probably acquire new business. So what do you see success coaches doing to actually stimulate that? Obviously doing good work, being trustworthy. You know, those are things that are gonna make referrals happen, but I see a lot of businesses that get a lot of referrals, but they don't do anything to try to actually stimulate them. In fact, I, I, I sure one statistic and then I'll show up that, that their firstly, a Texas tech, the university did a study in, they found they interviewed 2000 consumers and, and 86 or so percent of them said there was a business they loved so much, they would refer. And then the flip side of that was only 27% of them actually did. And so, you know, I often say there's gotta be some real money in that gap. You know, it's not enough to just have happy customers. You've gotta do something to stimulate that, that referability I think,

Marc Mawhinney (14:38): Yeah. I mean, one thing, it sounds kind of funny to say it, uh, you have to ask for referrals, which I don't think that's being done nearly enough. I'm probably guilty of that too. Yeah. You know, full disclosure. One of the things I do in this might sound a little, uh, craft, but I, I think it does help if somebody refers business to me, whether it be a client or good joint venture partner or something, I sounds bad. I'll pay them. Yeah. I'll pay for the referral. Yeah. I know some people say, well, you shouldn't do that cuz it, you know, or whatever, it's my way saying, Hey, um, I appreciate you keeping me in mind. And I would pay all day long if someone's handing me a good client on a silver platter. I given referrals to people. It's not that I'm doing it just for, you know, money or monetary gain, but sometimes I'm not even getting thanks, uh, from people, uh, before, which is, I'm like, wow, that's kind of silly if somebody's referring you business and a really good client, one person I know, you know, not to, not to complain cuz I just talked to complaining, but uh, I gave them a five figure client, a really good client or whatever.

Marc Mawhinney (15:33): And I got a little, uh, nut basket or something in the mail, you know, like a $20 basket, which is fine. Like, you know, I'm not a big nut fan or whatever, but yeah, if somebody's given me a client worth 10,000, $50,000, I'm gonna give them a nice gift.

John Jantsch (15:49): So let's go back to, uh, delivery on coaching. So, you know, a lot of coaches, a lot of consultants, a lot of businesses in general, understand the value of having kind of this maybe starter offer and then a core offer and then, you know, group offers and, you know, big, you know, scale program. Do you, you know, is there a delivery mechanism that is, um, you know, is probably the best for coaching now or should every coaching practice have a variety of maybe price points even as well as, uh, delivery mechanisms?

Marc Mawhinney (16:21): Uh, well it's tough because there's different ways to do it. Yeah. You know, uh, some people or a lot of people like the latter approach, uh, where you start with the low price or low ticket thing and then work your way up. I know some coaches at that don't want to get into that. They swear by the no, you start with the big ticket thing. And that's what you're focusing on. The one thing I will say with mine is with my ladder. So to speak, my offers go anywhere from a, a base. I have a print newsletter that's $97 a month, 9 97 a year. That's my, uh, most affordable offering. That's how people can get into my, they they're allowed to pick my brain by email subscribers there. Then it goes all the way up 10,000 to not, but I don't play in the world where, um, a lot of people are like, Hey, let's have a $7 e-book to get people in there and stuff.

Marc Mawhinney (17:05): And I, I just prefer to, uh, have that as a base $97 a month. And if you're not able to do that or not willing to, then that's fine, but you gotta pay to play or have some skin in the game, uh, that way too. So you could do it any number of ways. My suggestion though is not to have too many. So a true story. I had a client, uh, years ago, this was probably five or six years ago. And when we started working together before our first call, I'd want to get as much information as possible, get a feel for his business. And he said, oh, I I'll send over a spreadsheet with my offers to show you what I'm doing. And oh my God, there's like 36 different offers of different, uh, lengths of time frequency for sessions. And I said, how do you keep track of this? Like, you know, he was even confused with it. So you shouldn't need a spreadsheet to track your offers, keep it, you know, keep it simple. Nice and

John Jantsch (17:54): Easy. Plus how do, how do you ever explain all those offers to somebody, as you said, without them coming, just going, I don't know what to depend.

Marc Mawhinney (17:59): They're caught like a, the cot headlights. There's been different studies too showing, uh, one that comes to mind, uh, Joe showman. But yeah, he was doing some work with the Swiss army people. They had a Swiss army with that they're selling and he went in to meet with them. And I guess there were three different types of that Watchers. Uh men's women's and the children's models. And there were three different colors for each. I think it was camouflage black and a different color. And uh, he, they wanted him to have all nine of those models, three times three on the full page ad we, which he did not want do, but they said, no, you know, no, we want do it. He want to run with just the men's black model with it and he couldn't talk them out of it. So he agreed, okay, we'll do a AB split test. We'll put my ad simple one choice versus your ad and see which one does better. And um, pretty sure that his simple one watch ad pulled like four times better or something like that. Yeah. And, uh, so a lot of people think, oh, well there's more selection. You'll get more sales. It's actually the other way, it's more selection confuses the buyer and then they end up not opening their

John Jantsch (18:58): Wallets. Yeah. You certainly see a lot of good, better, best, you know, where people's like, you know, and it's really almost more way of helping somebody make a decision cuz it, you know, always the middle choice says most popular, you know, kinda psychologically sells them the one thing, but also says, oh, it's not the most expensive, you know? So it's, there's a lot of psych psychology and pricing isn't there. So, so let's close up on, are there any trends that you see in coaching right now or trends in delivery models or trends you knows like membership programs where big, you know, for a while, I mean, are there any things that you see coming, uh, in the future that you think people ought be paying attention to?

Marc Mawhinney (19:36): Well, I think a trend that we're and I already saw this the last few years, but I think it's gonna be even more pronounced going forward is coaches are gonna have to deliver on what they're promising. So, you know, gone are the days when you could, you know, put up a fancy sales page or what make all these big promises but not deliver and then still expect to stay in business. I, I think the customer clients are becoming more sophisticated, maybe more jaded too. Yeah. They've been Burt by one or two of these bad apples. Uh, so you're gonna have to do better there and that's good for people like us at weeds at the bad actors and keep doing, you know, the good people will profit. So that's what, what I would see that coaches are gonna have to, you're not gonna have to, uh, not just give the sizzle, but the steak as well, I guess. Yeah.

John Jantsch (20:18): All right. Mark, tell people where they can find out more about your natural born coaches program, the coaching jungle, all the things wherever you wanna send people. Yeah.

Marc Mawhinney (20:24): Well the central hub has the podcast, the access to my daily emails, all that that's at natural born coaches.com and uh, you are a guests on my show. So hopefully your show will be up by time. They go over and check it out. But natural born coaches.com the Facebook group, like you mentioned, the coaching jungle, there's 22,000 coaches in there. Lots of great discussion. That's at dot coaching jungle.com.

John Jantsch (20:45): Awesome. Well, mark, it was great. Uh, having you come by the duct tape marketing podcast and hopefully we'll, uh, run into you, uh, one of these days when I'm up in, uh, Canada again.

Marc Mawhinney (20:54): Yeah, come on over and double go skiing or something. Wintery sounds Awesome.

John Jantsch (20:59): All right. That wraps up another episode of the duct tape marketing podcast. I wanna thank you so much for tuning in. Feel free to share the show, feel free to give us reviews. You know, we love those things. Also. Did you know that we had created training, marketing training for your team? If you've got employees, if you've got a staff member that wants to learn a marketing system, how to install that marketing system in your business, check it out. It's called the certified marketing manager program from duct tape. You can find it at ducttapemarketing.com and just scroll down a little and find that tab that says training for your team.

This episode of the Duct Tape Marketing Podcast is brought to you by the HubSpot Podcast Network and WorkBetterNow.

HubSpot Podcast Network is the audio destination for business professionals who seek the best education and inspiration on how to grow a business.

 

 

Whether you are looking to sell your business in the near future or just want to make it more scalable and profitable, Work Better Now’s virtual assistants can help you get there.

Work Better Now clients say that their Virtual Executive Assistants have made an impact on their businesses well beyond their expectations. For only $1900/month, you get a full-time assistant who is 100% dedicated to your business. There are no contracts and no additional costs. Based in Latin America with incredible English proficiency and business experience, Work Better Now Assistants undergo a rigorous screening and on-boarding process.

Get $150.00 off per month for 3 months just by mentioning “Duct Tape”. Learn more here.



from Duct Tape Marketing https://ift.tt/w0GJmlP
via IFTTT