 Hey, what's up? Welcome back to our channel. If you're brand new here, make sure and hit that subscribe button and Comment below if you have any questions once you get done watching this video all the way through now if you're watching this I am assuming that you are a coach your start of your private training business and you're collecting money through cash and checks and I'm going to show you why that's never going to work and why if you end up continuing to do that You will fail you will have to get another job and I've seen this happen because I've had thousands of phone calls Thousands of conversations with coaches all around the world who have run their business that way That we're about to go out of business and what I did is I showed them the easy way to do it Which is doing it online and collecting payments streamlining everything online this way month after month You are not worried about your finances, but today I'm going to show you three reasons why you should never collect cash or checks So pay close attention reason number one is extremely obvious to me and here's what it is let's say you are the client that I'm working with and You're that you're the parent and let's say every Thursday. We're supposed to have a session Well, if you show up to the session and you don't bring the money to pay me Well that session I didn't get paid and what happens is I Then go home without money. I'm thinking about well crap. They didn't pay me today So maybe they're going to bring me the money next time and What that's going to do is it's going to cause more stress for me and the reality is I didn't get paid Okay, I didn't get paid for the session and I did a free session and if that parent is of you tell me well Ben we're going to pay you next time Well, if we meet next time you don't bring the money Well, you're going to pay me next time this crap happened to me so many times and I know if you're watching this This has happened to you too. Okay, so what we need to do is change that because if you show up to the session and you are not getting paid then you are a free trainer and Parents will abuse you and they will take advantage of you and your time. All right, that's reason number one parents will always have a Financial like stronghold over you that means they're never going to pay you unless they are ready to pay you That is never going to work out and think about it this way. All right, let's just think logically for this Every parent for the most part subscribes to Netflix, right? Netflix is not going to knock on their door and say hey, can you pay us this month? They're not going to do that. They're good and they're not going to do that either with a phone bill or Like electricity, but like it's all automated online. This is how we have to run your business but if Parents have the ability to pay you whenever they want guess what they're not gonna end up paying I don't care how good of people they are like they're not gonna pay if you give them that option Okay, reason number two is I look at the whole year 12 month cycle out of the year. There's Christmas Thanksgiving summer Spring break. There's so many different times throughout the year and if I'm working with a client that only pays when they train with me Then I know that they're fully not committed for the whole year because if they go out of town Then I don't get paid because if I don't see them I don't get paid that session. So anytime they go out of town Guess what? My finances will drop and I know if you look at it's 12 month cycle If you're getting paid cash or checks, I guarantee you you're probably getting paid even if they show up every week You're probably actually getting paid 10 months out of the year not 12 months And that could cost you a couple thousand dollars per client Right that's really important and a lot of coaches don't see that they think oh well They're gonna go out of town. Well, I'll pick up training with them next week. That's bull crap You shouldn't do that. You should be running this like a business where if they show up great They already paid the the payments already done online, and if they don't show up great They already paid that you're not having to chase them down And this is extremely important because I know throughout the year all of my clients that I train They always go out of town. I go out of town, too I go out of town every quarter every 90 days I go out of town and it's all set up though when someone becomes a member They're part of a monthly membership or an annual membership, and they're all committed to six or 12 months of training I have nothing to worry about like during Christmas holidays. I'm chilling I'm going out to you with my family the clients I train they're going out to you with their family We're not having to I'm not having to get paid back later, right or get paid at the session right and lastly Getting paid at the session is extremely unprofessional, right? I've seen many times Coaches are in the parking lot waiting to get paid right and parents will go over there and just slap like a $50 or $50 on their hand or they're just going to give them a check it looks really shady And if we think about that process It's actually going to take more time for the parents every week They're gonna have to go get money so they have to go to the ATM or they have to write you a check There's more effort on their end and then on your end guess what you have to do You have to get the money go to the bank or you're gonna get the money to do whatever you want with it But you're gonna actually have to spend more money because you're going to drive to the bank So I'm looking at your gas mileage here, right? And if it's on if it's an unprofessional setup Then we know ultimately you're not gonna be able to scale your business because let's say you have 20 clients right now That are training with you and they're all paying. Let's say they pay $100 a session and remember We want to move away from the per session model But if that's what you're generating per session a hundred bucks, right? We know that you're gonna have to have 20 different conversations that week At the park or at the basketball court and they're gonna be paying you $100 like that to me sounds really risky and let's say Two of those clients actually come that week because it's Christmas break well 18 of those clients didn't pay you and You just lost a lot of money All right Just lost a ton of money that week because you don't have it set up streamline online And if you want to learn how to set this up like a legit business like a well old machine Same way I have it set up the same way all of the mastermind clients that I personally help every week how they have it set up Click on this button up here I'm gonna show you how to streamline everything where this business is so easy for you You can sell premium programs. You have contracts in place all the payments or streamline everything's easy All right, and if you want to learn more click on that button there If you have any questions for me comment below and I'll hit you up there