In the theater understudies perform when the lead actress is ill. It’s a concept that’s perfect for many businesses. For instance, in many upscale hair salons, the owner only personally services a handful of clients—the ones who are willing to pay a premium price for her time. In this business model the majority of clients are delegated to understudies; these stylists and colorists are trained and supervised by the salon owner. Coaches and solo-entrepreneurs can easily use this model by hiring and training other people to use their signature systems with clients (people the owner brings into her business).
The main benefits of this arrangement are:1) the owner can still work with directly with clients; and
2) there is more income generated because there are more service providers.
The only caveat is that the business owner has to ensure that her understudies provide the same quality of service as she would. An array of businesses owners could use this or a similar model including: consultants, web designers, photographers, personal trainers, day spa owners, personal shoppers, aestheticians, virtual assistants, etc.
Stop offering single sessions and instead create bundles of services or “packages” geared toward particular outcomes. You and I know that single sessions rarely solve your clients’ problems. It usually takes several sessions to accomplish most goals. By offering a package you are actually providing more value to your clients by giving them a clear pathway to reach their goals. This strategy also allows you to ethically raise your rates; meaning that you receive more money per client. Your package’s rate reflects the transformation that the client receives not your “hourly” rate. Lastly, by offering packages you can request payment in advance; this alone could increase your monthly revenue by thousands of dollars.
3. Home study courses:
One of the things that entrepreneurs overlook is that many people want
I tend you use the term “homestudy” loosely. A make-up artist can create a video (or video series) to teach women how to properly apply their cosmetics. Ditto for yoga, pilates instructors and personal trainers. There are “how to” books and ebooks on nearly every imaginable subject. If you’re not a fan of video or writing, then do a series of audio recordings could be just as effective.
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