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MOTAGUAPRESENTATION
Charge What You Are Worth…Without Apology!4 Strategies to stop undervaluing, undercharging and over delivering
so you can make more money in less time
Helping women turn their dream of owning a business into the profitable business of their dreamsDr. Michelle R. DawsonPresident
2Who Can Benefit From This Session?Specially designed for ENTREPRENEURS
Aspiring entrepreneurs desiring to start a businessAspiring Entrepreneurs
Entrepreneurs who are engaged in business but are struggling to make the money they know their product or service could command
Struggling Entrepreneurs
Entrepreneurs who are making great money and want to continue growing their business without losing themselves
Successful Entrepreneurs
3Why Many Women Struggle With What to Charge
Afraid they are charging too much so they set fees very low
Fear
Uncomfortable talking about money so they hesitate to ask for the sale
Lack Confidence
Apologize for their feesApologetic
Give away too much of themselves and their servicesGive Away Too Much
4Why is This Detrimental to Business?
You’ll have a difficult time making enough money to sustain your business
Lowers Cash Flow
You’ll often end up working too many hours and getting burned out
Causes Burn Out
It undermines the credibility of your servicesDecreases Credibility
5
Organize your priorities and manage your
resources
Know your value
Develop the right mindset
Stay Focused on the bigger
picture
Four Strategies to Help You…
6Know Your “Big Money Why”
When you don’t know your “why” you lose focus, become frustrated and easily discouraged.
When You Don’t Know Your “Why”
When you don’t know your “why” you stifle the growth of your business and become reactive rather than pro-active in your decision making.
The Impact of Not Knowing Your “Why”
What is it that you LOVE being, doing and having?
Strategy #1
When you know your “why” you remain focused on the big picture and it takes the emotion out of temporary setbacks.
What Can Happen When You Know Your “Why”
7Get Clear on Your “Big Money Why”Be specific in your GOAL SETTING
Be as specific as possible. For example, “My big money why is to save $50,000 to set up a college education fund.”
Be Specific
My Big Money Why Is To:
Amount:
By When:
What will it mean to me to reach this goal?
8Know Your Ideal ClientWho needs, values and will PAY for your solution?
When you don’t know who your ideal client is, you try to serve everyone and your message changes to meet everyone’s needs.
What Happens When You Don’t Know
Not knowing your target makes your marketing message unclear and ineffective, confuses your prospective clients, and reduces the number of clients you are able to serve.
The Impact of Not Knowing
When you know your ideal client your messaging becomes laser focused, prospective clients can easily find themselves in your message, and it increases the number of prospects to turn into paying clients.
What Happens When You Know Your Ideal Client
Strategy #2
9Know Your Ideal ClientWho needs, values, and will PAY for your solutions?
Type of Person
Women who want a promotion
Problem They Experience
How to be taken seriously and seen as capable of taking on a
new level of responsibility and
leadership
Core Emotion This Problem Causes
Them to FeelStuck, frustrated, overlooked and
undervalued
Solution They Want to
ExperienceThey want to be noticed
and seen as credible, increased
responsibilities, more people to manage, and look the part of the new
role they want.
10Systems and Priorities
You experience the “Shiny Object Syndrome” and lack consistency in achieving positive results.
When You Don’t Have Systems and Priorities
You will experience little or no business growth, and be over-worked and over-whelmed.
The Impact of Not Having Systems and Priorities
You will have a clear structure for your work days and know exactly where to focus to achieve your goals.
What Can Happen When You Implement Effective Systems
Do you have the right foundation to support your SUCCESS?
Strategy #3
11
12
Launching Out Phase:
• Not having the systems, strategies and support for producing consistent results
• Being excited about the next, new, hot thing when your foundation is not in place quite yet
Leaping Forward Phase:
• Getting stuck in the “Do It Alone” mindset that keeps you working harder, longer hours
• Income becomes stagnant
The Biggest Traps at Each Level
Leveraging Freedom Phase:• Not being consumed by your business
13Price for Value, Not Features
When you don’t know your value you will always discount your services, constantly be in a defensive state, and lack confidence when stating your prices.
When You Don’t Know Your Value
When you don’t price for value you have to work harder to make the same amount of money that you could be making if you set your prices based on value, feel cheated and your closing rate for sales will be low.
The Impact of Not Pricing for Value
When you know your value you feel empowered, you can increase your prices, and generate more income.
What Can Happen When You Know Your Value
Do you know the value of the RESULTS you deliver?
Strategy #4
14
FeaturesFeatures
• Waterproof
• More miles per gallon than competitors
• 90 minute massage
• Your feet stay warm and dry
• You’ll save money on gas
• Get the most restful sleep EVER and increase the level of intimacy in your relationships (because you’re feeling positive rather than a walking nervous tick)
Benefits (Value)
• Boots
• Car
• Massage Therapy
Product / Service
Knowing Your ValueValue is perceived by your customer, price is perceived by YOU!
Difference Between Features and Benefits (Value)Feature is what you do
Benefits (Value) is what happens when you do the feature
15
Create Your “Big Money Why”Create your “Big Money Why” to keep pulling you forward
Know Your ValueKnow your value, so that you can state your price with confidence
Implement Systems and Priorities Implement systems and priorities to lay the foundation for sustained success
Be Clear On Who Your Ideal Customer IsBe clear on who your ideal customer is and their needs so that they see you as their only solution
How to Charge What You’re Worth... Without Apology
16Charge What You’re Worth...Without Apology! Success Kit
Learn how you can close the gaps and propel your business forward!
Apply For A Complimentary 20 Minute Catalyst Business Snapshot Debriefing Session
These valuable tips are included in the special FREE GIFT I’ve created for you.
FREE Report: “10 Tips and Must Do’s” to Help You Charge What You’re Worth...Without Apology
[email protected] 302.734.2505866.403.5779
www.catalystenterprise.comwww.catalystsuccess.com
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