October 23

Leaving a ton of loot on the table

10  comments

Leaving a ton of loot on the table

By Jason Moffatt

October 23, 2009


Last week I made an offer for a year long worth of coaching assistance. The response from that offer was much more then I really expected. I figured I’d pick up a client here or there and all would be good.

The last thing I expected was dozens of interested people wanting to work with me. I’m quite flattered, and humbled. I’m also a bit cautious about jumping into business transactions without carefully weighing the various outcomes that are likely to happen.

So here’s what happened. I ended up only taking 5 clients. I feel these 5 people have their shit together well enough to truly benefit from my services. (I may take 2 more, but that is still debatable. It needs to be a perfect fit)

I also turned down over a dozen people. Why would I turn down such good and easy money?

I want you to think long and hard about this, because it could save you a ton of headaches in the future. The reason I turned down so many clients is because I honestly didn’t feel that they were in a position to recoup the investment right away.

My thinking goes like this…

If the cost of my coaching is putting you into penny pinch mode, then I’m not the guy for you at this moment. I’m just not interested in taking someone’s last dollars and promising them success. It’s just too damn hard, and it comes with way too much emotional baggage. I don’t need money that bad.

Instead, I’m more interested in working with those who can afford the fee, and those who I know are going to take action and excel way beyond their investment with me. Happy clients make me happy. Broke and frustrated clients fuck up my world big time. I don’t need the latter at all.

Please keep in mind, that if I didn’t take you on as a client I’m not trying to say your idea isn’t viable, or that you won’t have success online. I honestly think you can succeed. I just think you may need to battle it out in the trenches a bit longer before we are ready to work together. That’s all. It’s nothing personal. Well, actually it is personal if I think about it. I personally care about you succeeding and if I didn’t feel my services were the perfect fit for you, I didn’t take you on as a client.

The decision was equally based on my respect for you as a individual, and respecting my own personal time.

In this business, it’s easy to go for the quick cash grabs. But I’ve learned that doing so has a variety of side effects. And the pain in my side is seeing people spend their last dollars chasing a dream that is never going to happen. It really sucks. It sucks even worse, if you are the guy perpetuating the false dream for these people.

So the bottom line is, I don’t do it.  I only take on clients that I honestly feel are in a position to leverage my skills and talents.

I hope you understand and appreciate my unwillingness to take on each and every client just because they have the money in hand.

And I will admit, there were quite a few applicants who are so close to breaking-out big time, but wanted to pay in payments. I think many of these folks have a real legitimate shot at making it big online too, but they are just not in a position to shell out the kind of money I charge.

I turned down each of these scenarios as well.

My philosophy with coaching has become pretty clear. If the entry fee is a problem, then we have a problem. I can’t possible take on the emotional baggage of hitting your credit card each month knowing that you aren’t getting a positive ROI right away. It’s something that will nag at me all week.

Sure, I could of easily pocketed tens of thousands of more dollars last week. I could of made all kinds of promises about taking your business to the stratosphere and beyond. But then I’d feel like a dick. And then I’d have a ton of work to do.

Most of you know I’m not exactly the most motivated guy in the world. I like to chill. I hope you understand that by not taking on more clients it’s not a personal thing with any of you. It’s a personal thing with me.

I want to continue to chill, and that means working in a atmosphere that I’m confident and comfortable in.

I hope ya’ll understand.

Cheers

About the author

Jason Moffatt

Jason Moffatt is a former private detective turned internet marketer who uses his skills of keen observation and deductive reasoning to pinpoint the easiest paths to success online. He’s passionate about helping entrepreneurs in the health & wellness field along with those in the personal development space. Jason believes we’re all a work in progress and that each day presents an opportunity to be a little be better than the last.

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  1. That sums it up pretty good Jason. Your honesty is always refreshing. If you get that RV up here to the Monterey coast, come and hang with me & my kids. I promise NO budweiser. 😉

  2. @Liz Thanks doll. I’ll definitely be hitting the Monterey Coast, probably early in the trip and would love to share a nice tasty beverage with you while we play a little Jerry in the background. 🙂

  3. Funny story.

    I started to coach my clients about site flipping (an area that I am very good at) in October 2008. Sure enough, many people came to me and I got about 30 applicants every single month because they are seeing me selling sites from $97 up to $200,000.

    But my headache started when some of these clients started to ask for refund on the day 29th of the coaching program. (1 day away from finishing my monthly coaching subscription).

    So, yeah I basically wasted 29 days teaching these guys who had no intention at all to pay me to teach them to make money online at the start.

    I was so pissed that I keep telling myself that I will no longer take in coaching clients unless they are sincere and really need my help.

    Long story short, that saved me a lot of trouble even though I probably make less money — but c’mon, I’m living an internet marketer’s life. 😀

    Cheers bro.

    PS. I saw your PLM bonuses and I think you’re pretty bold and crazy to offer such great bonuses.

  4. Hi J-Mo,

    Great post – very straight up and honest – most other people would take the money and run without care of their student’s success.

    Keep up the good work!!

    Chuck

  5. @Chuck ~ Thanks bro. It’s the only way I can run my business as you saw the other day when you came to my house. I could of tried to hard sell you on that website and pocketed a easy $15,000 but didn’t try anything of the sort. I’m more interested in “good fits” for both sides, and even though I didn’t feel that opportunity was a great fit for both of us, I’m glad we spent some time sharing ideas and helping each other out. So even though I didn’t sell the site, it still felt like a win to me.

  6. @ Desmond ~ That’s harsh bro. I’m all for giving refunds on products and such, but you should be careful about doing coaching. Lots of bottom feeders out there. It must be your responsibility to make sure the clients you take on understand what is expected of them, and what it is going to cost. I’ve never denied a legit refund on a product, but I sure as hell wouldn’t work 29 days with someone and allow them to rip me off for all that time. Best of luck man.

  7. Hey Jason,

    I enjoyed hanging out with you and seeing all the stuff you are doing and coming out with. Also I enjoyed meeting Kameron and Weber – both really cool.

    Thanks for everything and have fun RV-ing the USA

    Chuck

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