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Effortless Enrollments Module

Lesson # 6.6 - Money In The Bank

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Lesson # 6.6 - Money In The Bank | Click To Read More . . .

Hi, I'm Jon Gunzel and welcome to the next lesson in the Stories To Success System.  Can you imagine walking into a dealership to buy a car and falling in love with the EXACT vehicle you wanted and when it came time to make the sale, the salesman said, "I'm sorry, I don't have a way for you to pay for that?"

Or worse, when a business expects you to pay cash and all you have is a credit card? Setting up ways for our clients to FLOW money to us is the most critical part of our entire business.  It's the moment of truth and we better be ready for it in advance.  Fortunately, it's also very simple to set up.  So let's follow the Scout Motto and, "Be Prepared" to accept payments.

{S2S Splash Intro}

The entire goal of The Stories To Success System is to create a purpose-based Valuable Final Product we can EXCHANGE with our clients.  The exchange is our VFP for their money, right?  So now our focus must be on making it as EASY as possible for our clients to give us their money. 

If you've completed the lessons in order, you should have your business set up as an LLC or whatever legal entity you and your attorney have chosen.  This becomes very important now as it's time to set up a business checking account at your bank.  This must be separate from your personal account. 

Our business and personal accounts are at the same bank which makes it convenient to make payments back and forth to ourselves.  Online banking is also a huge plus advantage here.

You'll need your legal documents from your business such as registration and Tax ID number or EIN.  Don't worry, your banker will be very familiar with setting up new business accounts so it's perfectly fine to walk in with no real idea of what you need other than a Business Checking account. 

Don't put this step off.  Everything you do from this point on hinges on it!  You're almost there so let's get to work and make it all pay off!

Once your business checking account is established, you'll be able to set up some different payment gateways so you can accept payments from your clients.

The minimum I recommend is PayPal (for easy cash and credit transactions), Stripe (for easy credit cards) and Amazon Pay.  These 3 combined with having the wire transfer information for your Business checking account will make it easy for your clients to pay you.  These 3 brands are good for your business and your clients will recognize them and feel more secure paying with them, too.

I'm not going to walk you through set up for each of these because the information is always updating.  Instead just go to each payment gateway and read through the instructions yourself.  It's really best that way anyhow, because it will put you in charge of your learning and give you confidence in your use of these platforms.

Get VERY familiar with all the ins and outs of each one.  Bookmark them and save your password info in Roboform.  You'll be using them a LOT as you become more and more successful enrolling your clients.

Be sure to create a note in OneNote with your bank account wire instructions so you have it handy to send to your clients if they choose to directly wire funds.  This is really the best way to send and receive large quantities so be ready for it so it can flow in. 

If you have any fears or reservations about doing financial transactions online, you better get over it now.  The world is quickly moving away from old fashioned technology and you have a much better chance getting burned by accepting a check than you do by banking online. 

Once you've got the online banking and payments set up, it's time to enroll some clients. 

I big word of warning here.  GET PAID UP FRONT!  PAID IN FULL and then work your tail off to make sure your clients are successful!  You want to spend your time consulting for your clients, not chasing down payments.  A Paid in Full client is ALWAYS more successful than one who limps in the game.

Make them get resourceful, make them pay in full, then make them a HUGE success with your program.  Anything else just invites headaches we don't want or need.

So your action steps for this lesson are:

#1  Set up your Business Checking account RIGHT AWAY!

#2  Set up and get familiar with PayPal, Stripe and Amazon Pay.  When you feel comfortable with your payment systems, your clients will, too.

#3  Make a note in OneNote with your Business Checking Wire Transfer instructions.  Be ready to give this to your clients to accept big payments

#4 Commit yourself to paying in full for EVERY training you take from now on and HOLD your clients to that same standard.  Remember, never allow yourself to be enrolled in your client's fears.  Stand strong for them and they will thank you for it in the end.

Whew!  That's it!  You've completed the Stories To Success System!  You now have all the tools you need to successfully operate your purpose-based business and you should be enrolling clients every week.  As you successfully enroll your clients, please post your wins in the S2S Facebook group so we can cheer you on.

If you need more help or are stuck anywhere along the way, don't beat yourself up.  Get on a call with us or ask in the Facebook group and we'll get you going again.  Every single person has the ability to make as big an impact as they want in the world with this system. 

Failure is not an option here.  We want every single client to get the results they want and we will continue to support you as you grow. 

Speaking of growth, now that you have a viable business put together, we hope you are going to want to keep it growing into its full potential.  And we want to be your guide as you shoot for the stars.

The Stories To Success System is just the tip of the iceberg of the depth of knowledge we want to share with you.  So we've designed the next Module - Scaling To Success to help you see what's over the horizon and show you how you can turn your $2k product into a $35k product into a $100k product and beyond. 

If you're ready to peak behind the curtain and see how you can turn your small business into BIG profits and Massive Impact, move on to Module 7, Scaling To Success and we'll see you in the next lesson!

Until then, CONGRATULATIONS!  And Well Done!  We know you'll Never Be The Same Again!

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