[Bootcamp] The Secret to Pricing your Group Program Profitably

05/20/21 • 79 min

Breadwinning Business Women with Jamila Payne

I’m a little embarrassed to share this story but I got evicted. I came home from a late day at the office to find a big yellow notice on the door. The fact is, I had the money but instead of paying my rent on time, I made a decision to listen to some bad advice.

I was a recent grad, there was a really big tech boom going on and I was part of a business incubator. All the popular advice for startup entrepreneurs was to reinvest everything and don’t pay yourself. So I did.

Clearly, the jerks giving out that advice had access to their parent’s credit cards, a trust fund, or a sugar daddy bankrolling their dream, none of which I had. So I learned a very big lesson, be careful who you take advice from.

Not paying myself was a problem. It nearly jeopardized my financial future. There were two things that saved me. First, I priced my services really well which means I had big margins.

So even though I wasn’t paying myself, I had enough cushion in my profit margin, the difference between what it cost me and what I charged clients to have money left over in my business bank account.

The second thing that saved me was my mom. She literally made several calls until she somehow found the owner of the development who lived in New York, obtained his personal cell number, and convinced him to let me back in. Thank God for moms right?

Back to those profit margins. It was my saving grace and allowed me to pay the bill and get back inside of my beautiful penthouse apartment. No courts, dings on my credit report, or long-term financial repercussions.

That’s what I want for you. BIG. FAT. PROFIT MARGINS.

In this special bootcamp podcast episode, I’m going to show you how to get them and share with you The Secret to Pricing your Group Program Profitably. You probably don’t want to miss it because pricing profitability will certainly get you out of your next jam just like it did for me.

Guess what? Now, I never miss paying myself. I get an official payroll check, with taxes taken out, split deposit to my savings account, and everything. Signed by me. #adulting #bossmoves. Now, it’s your turn.

Business Back-Office Bootcamp is a FREE week-long workshop for women who are already running service-based businesses that want to become breadwinners and make serious bank by starting or growing a group program. You’ll learn the step-by-step of a proven, simplified method to automate, streamline, and grow a group program business so you can focus on the work you love.

Don’t worry, registration is still ongoing! Join us here: dailysuccessroutine.com/bootcamp

Not paying myself was a problem. It nearly jeopardized my financial future. There were two things that saved me. First, I priced my services really well which means I had big margins.

That’s what I want for you. BIG. FAT. PROFIT MARGINS.

Don’t worry, registration is still ongoing! Join us here: dailysuccessroutine.com/bootcamp

Previous Episode

[Bootcamp] 7 Systems You Need to Scale Your High-Ticket Group Program

Could you take a week off this summer confidently knowing your business would still run and bring in money, without you?

That’s the dream, right?

Here’s the good news, you don’t have to wait until you're a bigger business to get there. All you need is to organize your business with a few templates, checklists, and systems.

Systems are a fancy word for routines....daily, weekly or monthly practices that you have in your business. They help you to stay on track, do things consistently and get results.

You don’t want clients leaving because you don’t have your stuff together, do you?

When you have systems in place you can:

Professionalize your business and attract quality clients
Take care of collecting payments and enroll new clients on autopilot
Know that a team member can tackle projects the EXACT way you want
Have peace of mind that your business is set up for long term success

In today’s special Bootcamp podcast episode, I’m going to share the 7 Systems that You Need to Run a Profitable Group Program. I’ll also help you to know which ones are most important for your business right now, based on where you are in your entrepreneurial journey.

Don’t worry, registration is still ongoing! Join us here: dailysuccessroutine.com/bootcamp

Next Episode

Get Out of Your Own Way

How many times have you said “I should be further along in business”?

It’s common to have fears and self-doubts when pursuing our goals and dreams but at some point, you have to shed the bad habits that are keeping you from progressing because what got you here, won’t get you to your next level.

So today, I want to share with you some ways that I see you getting in your own way. I have worked with tens of thousands of women in business over the last decade and I can tell you, you might feel called out today but you are not alone. Other brilliant women have overcome these habits and you can too.

Learn how to believe in yourself and develop the practice of taking action;
Understand why making investments will get you where you’re going and not keep you where you are;
Acknowledge that you should not count your opportunities out and evolve your self concept, and many more.

Whenever you’re ready, here are three ways my team and I can help you grow your business:

I want to invite you to apply for the Achievers Club Mastermind Program. If you know that you are in the place in your business that you wanna get all the help and support that you need in being able to master sales and take clients from connect to close, then I wanna invite you to apply for the Achievers Club Mastermind Program. This is a 12-month program wherein we’re helping business women to reach the Breadwinner status in their business.
Listen to our past podcast episodes! Learn how to overcome anxiety in your business by listening to Episode 86, and learn our entire priority blocking process by listening to Episode 25.

If you enjoyed this episode of the podcast, do us a favor and leave us a rating on iTunes! ⭐⭐⭐⭐