Ep #287: Counting Renewals as Revenue

Make Money as a Life Coach®

Stacey Boehman

Entrepreneurship, Buildingatribe, Branding, Sales, Networkmarketing, Self-improvement, Business, Lifecoaching, Influence, Marketing, Education, Impact

4.6 • 831 Ratings

🗓️ 26 June 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite what you might have been told elsewhere, renewals count as revenue. I hear from clients way too often that they don't celebrate renewals because it doesn't feel like they count as real revenue. But dismissing the significance of your successful renewals isn't helping you grow your business.

Tune in this week to discover why renewals are the best indicator of how good your product is. If people renew, it means they want everything you have to offer, and you'll learn in this episode how to start understanding and celebrating the massive potential that repeat buyers can have in your coaching business.

If you want to start making serious money as a coach, you need to check out 2K for 2K. Click here to join: https://staceyboehman.com/2kfor2k!

Transcript

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0:00.0	Welcome to the Make Money as a Life Coach podcast.
0:08.0	We're sales expert and master coach Stacy Bayman teaches you how to make your first 2K,
0:14.0	20K and 200K using her proven formula.
0:19.3	Hey coaches, let's talk about renewals today.
0:24.5	Are you ready?
0:25.2	I'm coming in hot with a hot topic.
0:28.7	I haven't prepped.
0:29.8	Just telling you what I think.
0:33.1	Renewals count as revenue.
0:36.1	So many times people tell me in all of my programs, I made some money,
0:40.5	I signed a client, but I haven't celebrated it, doesn't feel like it counts, it's a renewal.
0:46.2	So many of you are discounting renewals. You're dismissing renewals. You're not celebrating
0:53.7	renewals and you're telling yourself they don't count. I think the
0:58.9	reason you do this, I don't know for sure. I would ask yourself why you do this. I see people do it for
1:03.5	various reasons, but I think it somehow is tied into, it doesn't feel like I went out, like it's not a
1:09.4	display of marketing well done. I think that that's
1:12.7	what it is. A measurement for my growth and my impact that the more new people I sign, that somehow
1:20.9	means I'm doing a better job. And I saw this post. I actually tried to look it up and I couldn't find
1:26.5	it. But it was a post from
1:27.8	Bob Heilig who teaches network marketers. So all his clients are multi-level marketers. And he's a coach
1:35.0	for them. But he said, I think it was even something he had read somewhere. So, you know,
1:39.8	it's a quote within a quote, probably within a quote. But the idea was very, very impactful.
	...

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