PPI #7: Some Retreat, Others Advance
7 Jul 2020 · 3 min
Eric Partaker, a high-performance coach, launched a free virtual event called Wartime CEO during lockdowns to help leaders survive and thrive. He used registration surveys to tailor content to attendees' biggest challenges, recruited guest speakers, and offered free follow-up coaching calls. Two events generated over $100,000 per year in new coaching fees.
Questions this episode answers
May 7 (year implied 2020).
Asked registrants: over the next six months, when thinking about emerging stronger from the crisis, what are your top three challenges? (used to build curriculum).
The event was completely free to attend.
Over $100,000 per year in annual income from just those two events.
Chapters
What happens to your dreams or goals in uncertain times? When things get tough and chaotic, sometimes people retreat into mind numbing entertainment and distraction, while others try to make the most of the situation, find a new way and still advance. When things get tough and uncertain, some retreat and others advance. Which group are you in? Let me tell you about a story recently for me that forced me to decide which group I was going to be in. Now I work as a high performance coach for CEOs, entrepreneurs, or just even just the everyday person who wants to close that gap between who they are and who they're capable of being and realize their full potential in life. And I was getting by with my coaching business with a handful of clients and the occasional referral here and there. Then this global pandemic happened, the global coronavirus crisis. And suddenly all of my income almost disappeared completely. And I was in a serious situation. I had to find new clients, but I didn't have the opportunity to go out there and meet with people. We were in lockdown. I didn't have the opportunity to go out and mingle with anybody. So I had to think of a way to go completely virtual in a remote setup, find new clients, meet them, so to speak, and hopefully convert some of those clients into new paying clients to fill the income gap that we had. And so then I came up with this idea. Why don't we create a new event called Wartime CEO, which was meant to help people, not just survive the current crisis, those who are leading companies, but actually emerge stronger as a result. And even though it was called wartime CEO, it wasn't designed just for CEOs, but for the leadership. You know, the CEO mindset. You know, how do you lead at a CEO level, whether you're a manager, leader or actually a CEO in your company. And I put that event together and one of the first things that I did with that event was I created necessity. And I really want you to embrace what I mean with this. So the very first thing I did was put together a page, an event page, if you will, that described what is the event, what are people going to get out of the event, when is it going to be held, what are the key takeaways, who is going to be involved in the event. And I published that page with a date when it was going to happen and started taking registrations. You know, I was past the point of no return, right? Because now as people were signing up for the event, I had to deliver it. And here's the funny thing, I didn't have any of the Content made. And so at one point, I remember we had the date set for May 7th for the first one of these. And as we got close to the date, I said to my wife, gosh, I don't have any of the content ready yet. Maybe we should push the date. Maybe we should make it May 15 or May 22. And she said, that's just absolutely crazy. You just have to step into it and just use it as a forcing function.
To get the event out the door. And so I ended up sticking with the event on May 7th. Didn't move the date, which would have been a little bit of a train wreck as well. Right? Because people have already planned for it, they've put it in their calendar, and suddenly I'm going to send an email saying, oh, now I need to move the date. So luckily, that didn't happen. The next key thing I did to make this event more doable, you know, actionable for me. I had never done a virtual event before was that I asked questions. And what I mean is I sent out a simple survey to all those that had registered, asking them in the next, during the next six months, if you think about not just surviving this current crisis, but actually emerging stronger as a result, what are the top three challenges on your mind? And they shared with me their top three challenges. And after registrant after registrant, as each person shared their challenges, I could suddenly start to build a curriculum. Okay, well, these are the things that people want help in solving. So then that informed the course content. And I was literally focusing on a just in time model here. So think about it. I thought of the event. Then I put together a page which described the event, published that page, didn't even have the content ready yet. Then I asked questions about, well, what would make this event super valuable for you? I had said on the page that described the event what they could generally expect with it. But in that email, in that survey email, I said, well, we want to further tailor the event exactly to your needs, so any additional clarity that you can provide on your challenges will help us do that. And then when I got those questions in, it was from that point that I started to develop the content. So everything was happening kind of just, just in time here.
The other key thing that I did was getting guest speakers involved so that it wasn't just me. And I did this for a couple of reasons. So one is I wanted to break up the time so it wasn't just me speaking all that time. Right. So I got a couple of other people involved in the event and had them come in and talk about their experiences and topics that could relate to what we were trying to achieve with the day. And then another thing I did was breakout sessions. So organize breakout sessions using Zoom, where everybody who is participating in the event could break out a couple of times during the event and talk about what they were learning and share their experiences with the rest of the group. And that really, really helped as well, kind of break up the content and not create such a dependency on me to just talk about it. The other interesting thing with having guest speakers involved is that those guest speakers were able to promote the event through their networks as well. So it wasn't just me through my social media promoting the event, but also them as well. Then during the event itself, I had to be brave enough to make my offer. So this event, by the way, was completely free. There was no cost for attending. We were giving free value throughout the event. But towards the end of the event, about three quarters of the way through, started to talk about community and accountability and how important those elements were for people to continue making progress, especially during a crisis situation. And that was my perfect opportunity to talk about my coaching services and to make an offer. And the offer I simply made was that if anybody who was attending the event wanted a free coaching call with me after the event, that you they simply had to get in touch and we would get that call scheduled. And of course, during that call, that gave me an opportunity to prove even more value with that person individually. And then also at the end of that call, make a pitch, if you will. So this is what it would look like to work together a bit more closely. This is how much it would cost and give them the opportunity to think about that and decide if a deeper, longer term coaching relationship might be better for them. Now, what were the results of doing this? Well, with just the first free wartime CEO event that we did, at the end of that call, at the end of that event, I asked everyone, I took everyone off of mute and I asked them to share just in one word or one phrase, what that event meant to them. And I heard things like, I feel reinforced. I feel energized. I feel ready to tackle the unknown. I feel motivated, I feel empowered. And I was getting all this qualitative feedback that was telling me, hands down, without doubt, this was the right thing to do and that people were finding it valuable. But it wasn't just qualitative. There was also some good quantitative feedback in this too. The annual income I've now run two of These events and the annual income that I've gotten from just these two events in the form of coaching fees with new clients, is over $100,000 per year. All because I decided to not retreat, but to advance in the face of uncertainty. All because I decided to figure out a new way of reaching out to people in the context of the environment that I was in. I wasn't going to limit myself. And I encourage you to do the same. When you're faced with uncertain times, when you're given the opportunity to retreat and maybe drift away into mind numbing entertainment, spend your hours on Netflix, I want you to stop and ask yourself, actually, if I weren't to retreat but to advance, what would I do differently? How might I capitalize on this situation, give value for others and and also provide value for myself in the end. And remember this too, when you do something like this, when you decide to advance and not retreat, you're not only paving your own path, but you're also setting an example for all those around you. Your family, your friends, others who might also be struggling with the same situation that perhaps you're struggling in. So you become a role model, bit of a beacon of hope for them. Now, if you enjoy insights like this and you're up for receiving, we'll cut.
Look, I totally get that when uncertain and chaotic times come, that they can be hard, right? You could feel that you're going to lose stuff. You have uncertainty about how you're going to get through. You don't know what the outcome is going to be, but have self belief. You have to be willing to make mistakes and try new things. And if you do that, and if you create some necessity, if you push yourself out there, if you try to deliver things just in time and don't try to make it all perfect up front, if you ask questions for those that you're trying to serve to help arrive at the answers that they need. If you engage others in whatever your event or thing is to support you in the form of guest speakers or additional support. If you make sure that you're creating interactivity with your group and getting them to work and come up with answers themselves, you can get there right. You can get to the end. You can see yourself through whatever that challenge is. You could see the light at the end of that tunnel. And if you'd like additional help in closing that gap between who you are and who you'd like to be, or between what your company is and what your company would like to be, just head over to my website@ericpartaker.com where you can sign up for my weekly Insights newsletter to help you reach a totally new and higher level of performance.
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