This is the story of Alex, our recent graduate, that went from $200/hr to $800/hr in just 3 months.
Alex is a co-founder and CBDO atf a huge IT-outsourcing company with hundreds of employees.
Before Alex enrolled the Growth Tracking School, he has been a client to one of our graduates.
He liked it so much that he decided to become a startup coach himself outside of his main business.
So he started mentoring teams in business accelerators and on his own. He was planning to mentor his clients at $200/hr and sign 3 new clients every month.
Mentorship excited him and helped him develop his business mentality. But there was no money in there.
The first thing we did with Alex was review of his goals.
We replaced "3 sales for $200/hr" with "20+ teams a year for at least $400/hr".
We figured that if he landed that many clients by the end of the year, his income from mentorship would be noticeable against the income from his main business.
And it made a lot of difference for him.
Alex managed to land his first 3 clients for $400/hr within the first month.
It became clear that he is doing well, and the next problem arose.
If he continued selling like that, his mentorship time would quickly run out.
Alexander realized that he's doing well, and that $400/hr was not that much after all.
So he started to charge his new clients more. First, $600/hr, then $800/hr. Each time he was afraid that it was too much, too expensive, and then he found out that the value he delivers is actually way higher than that.
The way from $200/hr to $800/hr took Alex about 3 months.
So how did we do that?
1. Focus on specific segments. Alexander has several customer segments where he can show a lot of expertise, quickly understand the business, find the main growth bottleneck and help his client come up with a growth strategy.
2. Diligence with leadgen. Alex had constant influx of leads - the sales funnel of his main business and his personal network. He had to invest some time every week to capture some leads from these channels.
3. Practical feedback. Every week we would meet with Alex and break down the way he works with his teams. This helped his quickly learn on his mistakes and improved the quality of his mentorship a lot.
By the way, $800/hr is also not enough for Alex.
We've crunched the numbers to see how much Alex would have to earn on mentorship to get himself a house overlooking the Mediterranean Sea. And he had to raise his hourly rate to $1000/hr.
If you want to bring a lot of value to your mentees, earn more on your mentorship and retain your clients for years, sign up for our waiting list by this link.
Alex is a co-founder and CBDO atf a huge IT-outsourcing company with hundreds of employees.
Before Alex enrolled the Growth Tracking School, he has been a client to one of our graduates.
He liked it so much that he decided to become a startup coach himself outside of his main business.
So he started mentoring teams in business accelerators and on his own. He was planning to mentor his clients at $200/hr and sign 3 new clients every month.
Mentorship excited him and helped him develop his business mentality. But there was no money in there.
The first thing we did with Alex was review of his goals.
We replaced "3 sales for $200/hr" with "20+ teams a year for at least $400/hr".
We figured that if he landed that many clients by the end of the year, his income from mentorship would be noticeable against the income from his main business.
And it made a lot of difference for him.
Alex managed to land his first 3 clients for $400/hr within the first month.
It became clear that he is doing well, and the next problem arose.
If he continued selling like that, his mentorship time would quickly run out.
Alexander realized that he's doing well, and that $400/hr was not that much after all.
So he started to charge his new clients more. First, $600/hr, then $800/hr. Each time he was afraid that it was too much, too expensive, and then he found out that the value he delivers is actually way higher than that.
The way from $200/hr to $800/hr took Alex about 3 months.
So how did we do that?
1. Focus on specific segments. Alexander has several customer segments where he can show a lot of expertise, quickly understand the business, find the main growth bottleneck and help his client come up with a growth strategy.
2. Diligence with leadgen. Alex had constant influx of leads - the sales funnel of his main business and his personal network. He had to invest some time every week to capture some leads from these channels.
3. Practical feedback. Every week we would meet with Alex and break down the way he works with his teams. This helped his quickly learn on his mistakes and improved the quality of his mentorship a lot.
By the way, $800/hr is also not enough for Alex.
We've crunched the numbers to see how much Alex would have to earn on mentorship to get himself a house overlooking the Mediterranean Sea. And he had to raise his hourly rate to $1000/hr.
If you want to bring a lot of value to your mentees, earn more on your mentorship and retain your clients for years, sign up for our waiting list by this link.