Carnival of Career Intensity for June 30, 2007

Posted by Dave Lorenzo - Business Coach

Welcome to the June 30, 2007 edition of the Carnival of Career Intensity.

Dave Lorenzo presents Million-Dollar Secrets THEY Don’t Want You to Know at Million-Dollar Secrets.com

Brad Trnavsky presents Are YOU LinkedIn? posted at Brad M. Trnavsky - Sales & Management Blogger.

Edith Yeung presents I Have Confidence posted at Edith Yeung.Com: Dream. Think. Act..

Daniel Condurachi presents Program to Stimulate Sales at Snowy is Finished and I got 100 out of 100 posted at Daniel Condurachi’s Blog.

Scott presents 11 Best Student Jobs to Have in College posted at College and Finance.

Mark25 presents Job References posted at HotStrategies.com.

Ruby presents 7 Things About Success That You Can Learn From Steve Jobs posted at Advice and Rants.

Mike Harmon presents Article Syndication- The Sky is The Limit So Explore and Aim for the Sky posted at Basic Accounting

Marc and Angel presents 3 Reasons to Quit Your Job in order to Advance Your Career posted at Marc and Angel, saying,

Tom Stanley presents Advantages Of A Franchise Business posted at Tom’s Franchise Information Blog

Jason Rakowski presents How To Avoid Common Pitfalls When Using Music On Hold For Your Business posted at Learn Good Customer Service

That concludes this edition. Submit your blog article to the next edition of carnival of career intensity using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

The Big Announcement

Posted by Dave Lorenzo - Business Coach

Who else wants great business coaching for less than $1 per day?

That’s right!  I have a brand new distance learning program that will cost you less than $1 per day.

Please click this link: www.Million-DollarSecrets.com

You’ll get a free CD and you’ll also be able to sign up for my new education program for the low marketing test price of $19.97. 

Take a look.

It is guaranteed.   

Big Announcement Only One Day Away

Posted by Dave Lorenzo - Business Coach

Just one more day until we announce the launch of a hot new project.

This project has been in the works for over a year and it is finally ready to go.

Check back with us again tomorrow for the big announcement.

 

The Five Questions Your Prospect Must be able to Answer

Posted by Dave Lorenzo - Business Coach

Yesterday we talked about how to sell more stuff by qualifying your prospects.  Today we are going to talk about the role of marketing in your business.

I teach my clients that marketing should bring qualified prospects to their doorstep.  The way this is done is through education.   The company that educates the prospective customer usually wins them over.  That’s a fact.  Your marketing should teach the prospect as much as necessary about the industry, you product/service and it should position you as the obvious choice. 

To do this your marketing must help your prospective customer answer five key questions:

  • Why should they want your product/service?
  • Why must they get it from you? 
  • How will it help them?
  • Why do they need to buy it now?
  • What will happen to them if they don’t buy it now?

The answers to these five questions must be present in their mind before they ever meet with you.  

Your marketing must answer these questions over and over again.  The answers to these questions must be second nature to your client by the time they sit down and meet with you.

Over the next few days we’ll discuss each question and why answering them are important to good marketing.

How to Sell More Stuff

Posted by Dave Lorenzo - Business Coach

The most important function in any company is selling.  There is nothing more important than that.  Nothing happens unless and until somebody sells something.  There is a way to make sure you sell more stuff with less sales calls. The way to do this is to only meet with qualified prospects.

What does this mean?

It means that you should only meet with people who are ready, willing and able to buy from you.  Period.

Don’t go on any “introductory” meetings.  Don’t make any “preliminary presentations”.  Don’t waste your time with people who you think are “influencers”.  You should only meet with people who are ready to buy.  That’s it.

You must have some type of qualification process set up in your business.  You must have a process in place that helps you make sure you are only going to spend your time with people who are willing and able to buy your products and services.

Here’s how I do that:

Let’s say someone thinks I can help them and they call my office. Before I meet with anyone, a member of my team will interview them.  During this interview we ask questions about that person’s business.  These questions reveal weather or not the individual who wants the meeting is the actual decision-maker.  We also find out if the person who wants the meeting has enough money to actually work with me (I ain’t cheap). 

Next we send them a copy of my book and an application.  That’s right.  People who come to me for on-on-one coaching have to fill out a substantive application. 

Finally, after reviewing the application, we make a decision whether or not this person would be a good client.

This process makes it fair for everyone.  It’s good for me because it doesn’t waste my time.   But it great for the client because this process allows me to guarantee my work with them.  The reason I chose my clients so carefully is because I guarantee that I will produce results. 

That is my qualifying process.  I end up working with 90% of the people with whom I meet. 

Tomorrow we’ll discuss how we fill the pipeline with people who want to work with us.  

Carnival of Career Intensity June 23, 2007

Posted by Dave Lorenzo - Business Coach

Welcome to the June 23, 2007 edition of Carnival of Career Intensity.

Christopher J. Brunner presents Using Your Business to Serve the Community posted at GreatFX Business Cards

Dave Cheong presents Embrace change, your life depends on it posted at Dave Cheong | Engineer to Entrepreneur.

Charles H. Green presents Non - Linear Leadership Thinking vs. Behavior posted at Trust Matters

Jason Elder presents The 6 Laws Defining Bankruptcy posted at A Bankruptcy Lawyer’s Blog

ISPF presents 25 Simple Ways to Save Yourself from Messing Up Your Career posted at Grad Money Matters.

Ted Reimers presents Best Business Schools for the Entrepreneur posted at CampusGrotto.

Mike Harmon presents Home Based Business Tips - Three Reasons to Outsource Your Businesses Accounting Needs

Alexandra Levit presents Do You Know How to Take a Compliment? posted at Water Cooler Wisdom.

Patricia presents Being Honest With Yourself posted at Patricia 

Randy Nichols presents Learn to Invent and Reinvent Your Future posted at Career Advice by Randy

Matt Hanson presents Matt’s Creative Advertising Blog » Blog Archive » Is Traditional Publicity Dead? posted at Matt’s Creative Advertising Blog

Stacey Derbinshire presents Licensing Your Way to Wealth posted at Starting a Small Home Business

Moneywalks presents Billionaires Who Dropped Out of School posted at moneywalks.

Christine Kane presents Are You Saving Money or Wasting Time? posted at Christine Kane’s Blog.

That concludes this edition. Submit your blog article to the next edition of Carnival of Career Intensity using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Announcement Next Week

Posted by Dave Lorenzo - Business Coach

Next Friday – June 29th – at 12 Noon – I am going to post an announcement that will make many of your very happy.

I have come up with a new product/service that will provide you with exactally what you have been asking for.

There will be a “limited time” special offer available to the readers of this blog.

I’ll keep dropping hints during the next week.

Please let your friends – especially those who like powerful business-building tools know that this offer will only be available through this blog.

Thanks for reading and please keep your eyes peeled!

I’ve Got a Secret

Posted by Dave Lorenzo - Business Coach

I have a big secret.  And I’ll have to keep it for a week.

I’m going to make an announcement next Friday that you are going to want to hear.

You see, I’ve been a little remiss in posting on this blog the last couple of months.  The announcement will help explain why.

You’ll get a few more details during the days to come.

Carnival of Career Intensity June 16, 2007

Posted by Dave Lorenzo - Business Coach

Welcome to the June 16, 2007 edition of Carnival of Career Intensity.

Stacey Derbinshire presents Why You Would Be VERY Wise To Start A Business While You Still Have Your Day Job posted at Starting a Small Home Business.

Tom Stanley presents How to Investigate a Business Franchise Opportunity posted at Tom’s Franchise Information Blog,

Erik presents Looking At Life In The Eyes of An Entrepreneur posted at Erik Folgate.

Edith Yeung presents The 7 Rules of Networking Made Easy posted at Edith Yeung.Com: Dream. Think. Act..

Tracy Coenen presents Online degrees: Watch out for diploma mills posted at FRAUDfiles.

Steve Faber presents - Small Business Opportunity - The Path to Millionaire Status? posted at DebtBlog.

Ruby presents 25 Ways to Make Money Quickly and Easily (and Legally)! posted at Advice and Rants.

CA presents On decision making posted at Atlantic Canada’s Small Business Blog.

Sagar Satapathy presents Feeling Unfulfilled? 37 Tips to Enjoy Work More posted at HR Lowdown.

That concludes this edition. Submit your blog article to the next edition of Carnival of Career Intensity using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Big Dreams and Big Dollars for Women in Florida Business

Posted by Dave Lorenzo - Business Coach

A recently released study of top woman-led businesses shows female leaders are coming into their own in Florida.

The survey, which was conducted by Florida International University’s Center for leadership revealed that more than half of women-owned firms in the state are substantial in size – boasting revenue of $10 million or more.

The study also revealed that most women say they start companies to gain more control over their lives. 

‘’You don’t need to punch the clock; you don’t have to answer to anyone else; you definitely have more control over your life,'’ says Norka Munilla, president of Thunder Electrical Contractors, quoted in the Miami Herald.

I suspect that if you asked men why they went into business a good portion of them would say the same thing.  For many people, starting a business is a way to gain more control of their lives.

It is encouraging to see women in Florida taking a role in helping to shape the economy.

How do You Position Yourself?

Posted by Dave Lorenzo - Business Coach

When I first began to work in consulting I used to hear everyone talk about “positioning”.  I had no idea what positioning meant.  I just knew that the thought leaders (gurus, smart guys and girls) kept talking about it.

What I didn’t know I learned quickly.  And I am re-learning that lesson now.

While I still have a full complement of clients at Gallup, I have started a small coaching practice that helps entrepreneurs grow their businesses.  In starting this business, I planned to work with a handful of really good clients – maybe 5–10 total.  I thought that I could position myself to the market based upon the prices I would charge for my services.  I set my fees for 2 separate one-on-one sessions at $500 per month and I figured I would pick up a couple of clients here and there.

Can you guess what happened?

Yep.  Lots of clients. Pricing was too low.  It communicated that I was a bargain.  I know because I asked all of my new clients what they thought of my fees. One of my new clients summed it up best by saying:  “They’re great –  how else could I afford to work with a business coach who has written a book and has an Ivy League degree? You cost less than my car payment.” 

Ouch.  I’m definitely under priced.

I’m now working diligently (and quickly) to change my business model to accommodate all of the clients that have requested my services and I’m looking at ways to make my one-on-one coaching more exclusive. 

I re-learned a lesson I teach my clients all the time:  We always undervalue our own ability.

Stay tuned for more updates on this work in progress…

Get SMART - Set the Right Goals

Posted by Dave Lorenzo - Business Coach

I have always been a proponent of setting goals based upon the SMART goal development methodology.

SMART stands for Specific, Measurable, Achievable, Realistic, and Tangible. A goal must fit all of those criteria in order for it to make your list.

The first quality of a goal is that it is specific.

The more detail you can bring to your goal, the more likely it is that your brain will perceive it as real. A great test to measure the specificity of your goal is in answering the five “W’s.” The five “W’s” involved in goal setting are:

Who is involved? Can you accomplish this goal by yourself or do you need the help of others? 
What specifically do you want to accomplish?
Is this goal specific to a location? Where will you be when you achieve this goal? 
When will you achieve this goal? It is critical that you establish a time frame for achieving each of your goals.
Why is achieving this goal important? List the specific benefits of accomplishing the goal.

The next step is to make certain you can measure progress on your way toward goal accomplishment. You know that your goal is measurable when you can apply specific objective criteria to help track your progress toward completion. The best question to use to test the measurability of your goals is, “How will I know that I have accomplished this goal?”

Measurement has a very powerful effect on progress. Simply put, things that get measured get done. To define how you will measure your goal, ask yourself questions that begin with How much, How many, and How often.

Set some target dates to make sure you remain on track.

The next quality your goal must have is that it must be achievable. In other words, it must be possible. Initially, achieving your goal may seem like a stretch. That’s fine; you want a goal that will make you reach. When you set a goal that channels your passion, your brain goes to work figuring out ways to make it happen. You develop the attitudes, skills, and knowledge that help you move down the path toward achievement. Gradually, you begin to see opportunities that you may have previously missed. As you begin to take advantage of these opportunities, you bring yourself closer to the achievement of your goal.

You can attain virtually any goal you set when you plan your steps wisely and establish a time frame that allows you to carry out those steps. A goal that initially appeared distant and unattainable gradually becomes closer and more possible, not because your goal changed, but because you grew and expanded to match it. The change occurs within you.

Next, your goal must be realistic given the time frame you have set. To be realistic, a goal must represent an objective you are both willing and able to spend time and energy achieving. A goal can be challenging and still be realistic; you are the only one who can decide just how high your goal should be. You will stretch your goals as your self-confidence increases. It is critical to make sure that every goal represents substantial progress. A high goal is frequently easier to reach than a less challenging one because a minor goal requires a low level of personal motivation. Some of the hardest things you ever accomplish actually seem easy because you approach them with passion and zeal.

Finally, your goal must be tangible. A goal is tangible when you can experience it with at least one of the five senses. Can you taste, touch, smell, see, or hear the results? If so, then you have a tangible goal. If your goal is tangible you can envision it before it is achieved. This helps program your mind and reinforces the belief that achievement is possible.

Each and every one of the successful individuals I have worked with over the years has had goals that fit these criteria. 

The June 9, 2007 Edition of Carnival of Career Intensity

Posted by Dave Lorenzo - Business Coach

Welcome to the June 9, 2007 edition of carnival of career intensity.

Maria Palma presents Tips on Cultivating an Attitude of Gratitude posted at The Good Life.

Ted Reimers presents How to Get a Job after College posted at CampusGrotto.

Sagar Satapathy presents How to Interview a Job Candidate posted at HR Lowdown.

Wanda Grindstaff presents Financial Mindset - How much money are You Really Worth? posted at Creating Abundant Lifestyles.

John Wesley presents Here’s a Tip: Start Thinking for Yourself posted at Pick the Brain.

Christopher J. Brunner presents Facing Change as an Entrepreneur posted at GreatFX Business Cards, saying, “Some tips for dealing the every day changes that are part of being an entrepreneur.”

Eric Hudin presents Living Trust Confusion posted at My Estate Planning Career Blog.

That concludes this edition. Submit your blog article to the next edition of carnival of career intensity using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Be a Smart Lemming

Posted by Dave Lorenzo - Business Coach

Recently I did an interview with Lori over at Smart Lemming and it was terrific experience.

In preparing for the interview I went through the Smart Lemming Blog archives.  I discovered a good deal of fantastic content. 

This blog is definitely a must read.  I encourage you to stop by and return often.

Please click on over and check out the great advice and resources Lori has to offer smart people who want to proactively their careers.

When Making Decisions Deal with the Facts

Posted by Dave Lorenzo - Business Coach

I received a great question at AskDaveLorenzo.com. Richard said:

“I would be very interested to read more about your experiences on the board of directors at your condo. For many people, serving in such a capacity is the only “management” they will be doing in their career at that time and your insights on how to make a difference when you have no power, live with those you are working “for” and have to deal with unrealistic expectations would be very interesting to read.”

Richard is referring to my post a couple of weeks ago about my condo board.

So far things have been moving forward with each board member assigned to different tasks.   Whenever we have to make a serious decision I continuously force those decisions to be made on the basis of facts and not based upon emotion.  If someone raises an issue I ask to see evidence.  If someone wants an immediate decision, I ask how informed we are on the topic and then I ask how informed we could be.  If there is a gap, I recommend that we table the decision until we have the facts.

There is some tension among the board members.  There is a great deal of emotion in the room whenever we meet.  I view my job as keeping us on an even keel and helping us make the best decisions possible.

Thanks for the comment, Richard.  I’ll share whatever information I can that may be helpful.

Warning: Do Not Hire a Business Coach in Miami or Anywhere in South Florida Until You Read This

Posted by Dave Lorenzo - Business Coach

Attention Business Owners in Miami, Florida or Business Owners anywhere in South Florida:  

Free recorded message reveals the five key questions you should ask your Miami or South Florida business coach before you hire him/her.

There are five key questions that you must ask your Miami or South Florida business coach before you hire him/her.  Coaching is an unregulated business and there are some certification processes out there that are not worth the paper the certificates are printed on.

If you are thinking about hiring a business coach in Miami, Florida or anywhere in South Florida please call:

1–888–474–1120 ext. 809

This is a free 24–hour recorded message that reveals the five questions you must ask a Miami or South Florida business coach before you hire him/her.

Again, if you are thinking about hiring a business coach in Miami Florida or anywhere in South Florida, call 1–888–474–1120 ext 809 for a free recorded message on the five questions you should ask your business coach before you hire him or her.

June 2, 2007 edition of Carnival of Career Intensity

Posted by Dave Lorenzo - Business Coach

Welcome to the June 2, 2007 edition of Carnival of Career Intensity.

Alvaro Fernandez presents Lifelong Learning and New Neurons in Adults posted at SharpBrains, saying, “The amazing power of our brains…and how our jobs matter”

Stephanie West Allen presents The big advantage to knowing your own biases posted at idealawg.

Henry Bagdasarian presents Fist In A Bucket Of Water - How to identify and retain high performer employees posted at Free Identity Theft Prevention, Detection and Fraud Solutions.

Edith Yeung presents Edith Yeung.com Dream Think Act - Strategy of Focusing posted at Edith Yeung.Com: Dream. Think. Act..

Christopher J. Brunner presents Retirement for the Sole-Proprietor posted at GreatFX Business Cards, saying, “Information on a new and improved way for the sole-proprietor business owner to save for retirement.”

Ted Reimers presents The Top College Internship Programs posted at CampusGrotto.

Stephanie West Allen presents Having trouble reaching your goals? Then aspire in the fire! posted at idealawg.

Karen Lynch presents Work and Joy, Joy and Work posted at LivethePower.

Alvaro Fernandez presents Yoga and stress management posted at SharpBrains, saying, “Finding a way to de-stress and calm down will help you be more effective in your career”

That concludes this edition. Submit your blog article to the next edition of Carnival of Career Intensity using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Charge What You Want

Posted by Dave Lorenzo - Business Coach

When you become a business owner you automatically earn the right to do things you own way.

I am one of the highest priced consultants you will ever meet.  When it comes to corporate work, my team is among the best in the industry.  We charge high fees.  We do not negotiate.  We produce results.

I take the same approach with my coaching of entrepreneurs and independent professionals.  I can teach any kid with a lawn mower how to make a million bucks.  I guarantee it.  I literally put my money where my mouth is.  I can only work with a handful of people at any given time.  But what I teach works.  I charge a lot.

I provide great value in everything I do. That gives me the right to charge whatever I want.  People can choose to work with someone else if they don’t like my pricing.

In Ivy League schools all around the country there are courses on how to competitively price your product or service.  You should only take those courses if you want to know what not to do. I took those courses.  It screwed me up for quite a while.  I wish I could unlearn that stuff.  There was actually a class on “rational pricing”.  Why the hell would you ever price your product or service rationally when people buy for emotional reasons?

There are only three factors that play into how you should price your product or service.  They are:

  • How much value do you provide?
  • How good is your marketing?
  • How much money do you want to make?

That’s all there is to it.

If you provide value and you can communicate that value effectively to your clients, you can charge whatever you want to charge.  Keep in mind that you don’t have to be the best at what you do in order to charge the most.  You just have to be good at your craft and excellent at marketing.  Marketing influences the customer’s perception of value. 

The better you are at marketing the more money you can charge.  Want proof? 

  • Digital Research mp3 player $10 – Ipod $199 (The music sounds the same)
  • Leather Briefcase (Target) – $27 – Coach Briefcase $428 (The leather looks the same and smells the same)
  • Steak Dinner for Two at Tad Steaks (no booze) $49 – Steak Dinner for Two at Mortons $129 (Steak tasted exactly the same)

Why do people regularly pay more for the identical product or service?  Because of the perception of value created by marketing.

I know, I know.  You’re worried that people will suddenly stop using your services or stop coming into your store if you charge a lot.  I understand.  You don’t have faith in your ability to market your services properly. 

Look at it this way:

What’s the worse case scenario?  I’ve thought about that and I decided a long time ago that there were two ways to go broke. 

You can go broke charging too little – working hard and not making any money;

or

You can go broke sitting on the couch at home because you charge too much and you’re marketing stinks.

I guess it makes sense to learn how to market your product or service so you can charge what you want.

 

Executive Career Coaching   Entrepreneur Coaching   Sales Coaching   Small Business Branding  

© 2007 David V. Lorenzo - Business Coach and Advisor