Written by: Ann Carden, Executive Contributor
Executive Contributors at Brainz Magazine are handpicked and invited to contribute because of their knowledge and valuable insight within their area of expertise.
Are you finding it hard to grow your consulting and coaching business because you are out of time or exhausted?
Getting stuck in fulfillment or maxing out on time because of a heavy client load is common in consulting or professional coaching.
Many consultants and coaches seeking more growth often fall into the low-ticket volume strategies (creating courses, low-priced groups, memberships, etcetera.)
These strategies are fine, except these volume methods for growth require consistent traffic and time, complicated funnels and technology, exceptional copywriting, a big audience, a big team, and high-cost advertising to make much money.
So, how do you keep growing without this complexity or giving away too much personal time?
High-Level Masterminds are an excellent way to grow by bringing in clients for $25k, $40k, $50k, or much more.
High-Level Masterminds can be structured in several ways (depending on your market), but in a way that they only require a few hours of your time a month with little backend support.
Many Consultants and Coaches offer group coaching programs, but often at low fees. To make any significant financial leaps, they need loads of buyers.
However, the approach I use and teach my clients is to offer and run high-end masterminds (working with only a handful of clients.)
Ten clients in a group @ $25k per client is an additional $250k annually. Ten @ $40k per client is $400k annually.
Running two groups for this amount is an additional $500k-$800k annually and a simple and streamlined way to scale with high profits and minimal time.
So, here are nine steps to add high-end ($25k-$50k+) Masterminds to your business.
Determine WHO are the best clients for your mastermind. It works best to choose a specific market you are an expert at helping.
What is your FINANCIAL GOAL with your masterminds?
Determine what PRICE per client you will charge. Then, build the value to charge $25k or more into the offer so that it is a no-brainer for people to invest at this high level. My “Expert In You Business Accelerator” Masterminds are designed to help consultants and coaches to add six to seven figures with ultra-high-end clients in twelve months.
What RESULT, OUTCOME, or TRANSFORMATION will your mastermind offer (why should people buy?)
NAME YOUR MASTERMIND. Giving your program a name can add value and make it unique and proprietary to your business.
Decide WHAT YOU WILL INCLUDE in the mastermind (tools, resources, sessions, guidance, support, bonuses, etcetera.)
HOW MANY PEOPLE will you put into each mastermind group? The higher the investment for the client, the higher the value, client's experience, and results should be.
FILL YOUR MASTERMIND. What marketing strategies will you use to fill your mastermind? Different markets will require different systems. I help my clients implement the best method and system for their business.
DELIVER A GREAT EXPERIENCE. There are no limits on what you can include and offer to your group.
Implementing the mastermind strategy into your business can accelerate your revenue and income by 3-10x, working only a few hours a month.
If you want to learn more about my “Expert In You Business Accelerator Mastermind” or VIP Coaching/Consulting services to help you do this in your business, you can book a strategy call here.
You can also check out my FREE MASTERCLASS!
Ann Carden, Executive Contributor Brainz Magazine
Ann Carden is a top business growth consultant for professional coaches and consultants who want to build and grow a 6 & 7-figure business with High-End Clients and Programs with More Freedom. After building and selling five previous businesses, Ann wanted to help others have business success and change lives. However, her journey in the coaching industry was expensive and exhausting trying to build her business. As she invested in numerous programs, mentors, and coaching organizations, she found many of them lacked customization and were too focused on volume. This is when Ann took a step back and created her Expert In You Method, that uses powerful high-success strategies to accelerate financial success
