Day 619: Rolex. Apple. Burberry.

 

Yesterday I was explaining how Johnny Depp said no to drugs but they just wouldn’t listen and how Mel Fisher lost everything by deciding it was worth it…

Speaking of things that are worth it…

My wife and I have created this great new way of settling arguments.

We toss a coin.

Heads she wins, tails I apologize.

In other news…

We’re all alike… it’s only our habits that separate us.

Anyhoo…

Your One PROFIT ACCELERATION THING Today Is:

‘Luxury Margins’

On my podcast recently I was discussing the importance of margins.

The scenario was, imagine working with a new client and their business is called:

‘Budget Furniture’…

Then having the business owner express ‘surprise’ low-end individuals wanting to buy inexpensive tables, chairs, couches etc… were the ones calling.

Huh.

On the top of my list to help them…?

Change their name and branding to something like ‘Prestige Furniture’ or ‘Luxury

Furniture’ and they’ll almost instantly attract a higher calibre client…

What kind of margins do you think ‘3 for 1 Pizza’ has without even needing to enquire?

Not to mention the quality of the ingredients.

What a stupid idea…

… unless of course you like to work really hard while building a lame business.

In a nutshell… only luxury goods have luxury margins.

Tiffany

Ferrari

Rolex

Luis Vuitton

Burberry

Apple

Starbucks

Etc…

What kind of brand and pricing are you helping your high-end coaching client with?

What are the names of the company, its products, its services and its events?

Discount or Luxury?

“Luxury goods are the only area in which it’s possible to make luxury margins.” ~

Bernard Arnault owner of Louis Vuitton, net worth of $110 Billion

You heard it here first.

A consultant in your network might need to read this today…

… forward it to them.

Now, pick up the phone and go help someone.

Obsessed with your business coaching success,

Karl Bryan aka King Karl

PS. The enemy of a great life… is a good life.

PPS. If this helps and you want it to really sink in… GO TEACH IT to someone cause that’s the best way for you to learn it. A friend, your spouse, a client etc…

PPPS. Marriages break up from lack of money… over lack of love X 100.

Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.

As good business coaches, we save marriages, save families, save kids from self-destruction… we save lives!

A true life of purpose.

PPPPS. If you’re looking for a proven system to follow for your coaching…. I created Profit Acceleration Software™ as well as our Digital Acceleration Software™ and high-end step by step training to support it…

It’ll teach you ‘How to find any small business owner $100,000 in 45 minutes without them spending an extra dollar on marketing or advertising.’

Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?!  And a proven coaching system created for you to follow with your new coaching client.

Reply to this if you want to start following a proven coaching system.

PPPPPS. Forward this to someone that needs to subscribe to my daily emails and get a limited time, complimentary subscription to my business coaching magazine go here:

https://thesixfigurecoach.com/subscribe/

PPPPPPS. They tell me my Podcast is Ric Flair style, Money Makin, Client Getten, Joint Venture Landing, Event Fillin, High-End Coaching Client Findin Gold For Business Coaches.

Entertaining, Informative, Uncensored, Unedited:

Business Coaching Secrets