1 00:00:00,075 --> 00:00:01,485 Hello everyone. 2 00:00:01,695 --> 00:00:04,635 Welcome to my last Wednesday of the 3 00:00:04,635 --> 00:00:06,385 month LinkedIn Live. 4 00:00:06,842 --> 00:00:08,815 I come here every last Wednesday of 5 00:00:08,815 --> 00:00:12,325 the month at noon eastern to talk 6 00:00:12,325 --> 00:00:14,065 about issues that are important to 7 00:00:14,065 --> 00:00:16,592 you in building a scalable and 8 00:00:16,902 --> 00:00:20,232 hopefully someday saleable expertise 9 00:00:20,262 --> 00:00:21,492 based business. 10 00:00:21,723 --> 00:00:23,948 So this week we're gonna talk about 11 00:00:23,948 --> 00:00:25,178 cloning yourself. 12 00:00:25,544 --> 00:00:27,833 How to increase your income and 13 00:00:27,953 --> 00:00:29,333 your impact. 14 00:00:29,704 --> 00:00:31,613 So this is a very timely one. 15 00:00:31,613 --> 00:00:32,573 I had some interesting 16 00:00:32,573 --> 00:00:34,943 conversation yesterday about 17 00:00:34,943 --> 00:00:37,853 this very topic, and so when I talk 18 00:00:37,853 --> 00:00:40,288 about clones, this comes on the heels. 19 00:00:40,293 --> 00:00:42,072 I think it was this week that I 20 00:00:42,072 --> 00:00:45,207 released, a podcast episode about ai 21 00:00:45,415 --> 00:00:47,667 where you can use ai like literally to 22 00:00:47,667 --> 00:00:50,277 clone yourself and do complete videos 23 00:00:50,534 --> 00:00:52,094 and your voice and. 24 00:00:52,339 --> 00:00:52,939 Everything. 25 00:00:53,219 --> 00:00:54,298 and, to create things that c 26 00:00:54,298 --> 00:00:54,808 clone yourself. 27 00:00:54,808 --> 00:00:56,338 So I'm not talking about that kind 28 00:00:56,338 --> 00:00:57,598 of cloning today. 29 00:00:57,849 --> 00:01:00,508 Today I'm talking about human clones, 30 00:01:00,848 --> 00:01:04,323 who can deliver the same or similar 31 00:01:04,323 --> 00:01:07,129 results that your clients come to you 32 00:01:07,134 --> 00:01:10,309 for, but without you having to do 33 00:01:10,339 --> 00:01:13,023 that work personally to create some 34 00:01:13,023 --> 00:01:14,853 independence in your business. 35 00:01:15,167 --> 00:01:19,288 And so, We do that of course, by having 36 00:01:19,288 --> 00:01:20,968 something that we can teach other 37 00:01:20,968 --> 00:01:23,188 people, we need to have some sort of 38 00:01:23,188 --> 00:01:26,111 system, whether it is a methodology 39 00:01:26,111 --> 00:01:27,581 or a framework or training 40 00:01:27,581 --> 00:01:30,171 materials or a workshop, something 41 00:01:30,171 --> 00:01:33,335 that allows a third party or. 42 00:01:33,830 --> 00:01:35,690 A third thing we wanna call a 43 00:01:35,690 --> 00:01:39,630 product that, to be able to replicate, 44 00:01:39,920 --> 00:01:41,803 the results that you provide to 45 00:01:41,808 --> 00:01:43,753 your clients on a one-on-one basis. 46 00:01:44,184 --> 00:01:46,353 And so I wanna just, tell you a 47 00:01:46,353 --> 00:01:48,483 story about a woman who was in a group 48 00:01:48,483 --> 00:01:49,983 coaching program I had a couple years 49 00:01:49,983 --> 00:01:52,173 ago now, and she. 50 00:01:52,233 --> 00:01:52,923 Did. 51 00:01:52,923 --> 00:01:54,063 I wish I could remember exactly 52 00:01:54,063 --> 00:01:55,503 what she called it, but basically 53 00:01:55,503 --> 00:01:57,596 she was like an empath of some 54 00:01:57,596 --> 00:01:59,216 sort and she was a business consultant 55 00:01:59,395 --> 00:02:02,033 and she had a way of connecting 56 00:02:02,033 --> 00:02:04,013 with her clients and using her. 57 00:02:04,390 --> 00:02:05,200 Intuition. 58 00:02:05,200 --> 00:02:06,310 I know that's not the word that 59 00:02:06,310 --> 00:02:08,526 she would use, but she kind of, 60 00:02:08,526 --> 00:02:10,386 the energy of her clients and she 61 00:02:10,386 --> 00:02:13,446 would work with them to help them make 62 00:02:13,603 --> 00:02:14,713 business decisions. 63 00:02:15,113 --> 00:02:18,433 And so it would be very difficult for 64 00:02:18,433 --> 00:02:20,233 someone, for her to clone herself. 65 00:02:20,249 --> 00:02:21,469 someone would have to have her 66 00:02:21,479 --> 00:02:23,345 same talents that. 67 00:02:23,595 --> 00:02:26,145 Most of us don't have, and that 68 00:02:26,145 --> 00:02:28,785 you probably can't teach and that are, 69 00:02:29,035 --> 00:02:31,019 something that you are born with and 70 00:02:31,019 --> 00:02:32,749 that, so it would be pretty hard for her 71 00:02:32,749 --> 00:02:33,619 to clone herself. 72 00:02:33,891 --> 00:02:36,109 But if you're like most of us, where 73 00:02:36,109 --> 00:02:38,885 we have used our experience and, 74 00:02:39,485 --> 00:02:42,978 Our training and our education and 75 00:02:42,978 --> 00:02:45,468 our, grown our expertise over time. 76 00:02:45,796 --> 00:02:46,818 Emotional intelligence, 77 00:02:46,818 --> 00:02:47,388 I like that. 78 00:02:47,578 --> 00:02:50,418 to help us, provide the services, the 79 00:02:50,418 --> 00:02:51,738 excellent services that we provide 80 00:02:51,738 --> 00:02:52,758 to our clients. 81 00:02:53,034 --> 00:02:55,428 Those are things that can 82 00:02:55,428 --> 00:02:56,018 be packaged. 83 00:02:56,640 --> 00:02:58,623 In a way that other people can help 84 00:02:58,623 --> 00:02:59,613 us deliver them. 85 00:03:00,096 --> 00:03:01,956 this is not going to be about mindset, 86 00:03:01,956 --> 00:03:03,486 but I do wanna just say this 87 00:03:03,486 --> 00:03:06,572 about the idea of, what you do. 88 00:03:06,781 --> 00:03:07,672 Is magical. 89 00:03:08,032 --> 00:03:09,772 The transformations that you provide 90 00:03:09,772 --> 00:03:11,482 your clients are magical and that 91 00:03:11,482 --> 00:03:12,892 is why they're highly valued. 92 00:03:13,299 --> 00:03:16,257 But those can be delivered in more 93 00:03:16,262 --> 00:03:18,417 than one way and by more than one person 94 00:03:18,422 --> 00:03:19,472 for the most of us. 95 00:03:19,562 --> 00:03:21,838 And so, being able to, to. 96 00:03:21,915 --> 00:03:24,075 Let go of some of that control 97 00:03:24,075 --> 00:03:26,655 by allowing other people to deliver 98 00:03:26,655 --> 00:03:29,662 your services is a step in, creating 99 00:03:29,662 --> 00:03:31,282 that independence that you really want 100 00:03:31,282 --> 00:03:33,922 in your business and be able to do, 101 00:03:34,132 --> 00:03:35,992 work with other clients, work on 102 00:03:36,022 --> 00:03:39,219 other projects, create new programs, 103 00:03:40,029 --> 00:03:42,399 do other, higher level strategy work. 104 00:03:42,670 --> 00:03:45,969 These are all things that require us to. 105 00:03:46,324 --> 00:03:48,904 Let other people clones, if you will 106 00:03:48,904 --> 00:03:51,124 help us deliver some of these services. 107 00:03:51,473 --> 00:03:54,411 So I'm going to use an example so we 108 00:03:54,411 --> 00:03:56,571 can talk through the stages of 109 00:03:56,571 --> 00:03:58,841 cloning ourselves using, this example. 110 00:03:59,509 --> 00:04:03,232 So, You are a D E I A consultant. 111 00:04:03,292 --> 00:04:06,242 You developed a workshop, include 112 00:04:06,242 --> 00:04:08,102 written exercises, maybe you have some 113 00:04:08,107 --> 00:04:10,177 video, vignettes and a discussion 114 00:04:10,177 --> 00:04:12,027 guide and a training manual. 115 00:04:12,707 --> 00:04:15,147 And your workshop is in very high 116 00:04:15,147 --> 00:04:17,547 demand and it is demand that you 117 00:04:17,552 --> 00:04:19,197 can't meet yourself. 118 00:04:19,317 --> 00:04:22,103 And so maybe even I, hear this from, 119 00:04:22,103 --> 00:04:23,933 people in this space who have 120 00:04:23,933 --> 00:04:25,583 clients who have. 121 00:04:25,650 --> 00:04:27,630 offices all over the country, and 122 00:04:27,630 --> 00:04:29,070 they want you to deliver your 123 00:04:29,070 --> 00:04:31,290 workshop to all of their employees all 124 00:04:31,290 --> 00:04:32,370 over the country, and that could keep 125 00:04:32,370 --> 00:04:35,160 you fully occupied for an entire year, 126 00:04:35,400 --> 00:04:37,050 keeping you from doing other things 127 00:04:37,050 --> 00:04:38,790 in your business, keeping you from 128 00:04:38,940 --> 00:04:40,680 servicing other clients, keeping you 129 00:04:40,680 --> 00:04:42,300 from creating other programs, keeping 130 00:04:42,570 --> 00:04:43,950 you from working on your thought 131 00:04:43,955 --> 00:04:45,870 leadership, keeping you from taking 132 00:04:45,870 --> 00:04:48,120 a vacation, or seeing your family. 133 00:04:48,418 --> 00:04:51,178 And so in order to satisfy this 134 00:04:51,178 --> 00:04:53,818 increased demand, there are a 135 00:04:53,818 --> 00:04:55,138 number of options. 136 00:04:55,333 --> 00:04:59,313 And so those clones that could help you 137 00:04:59,373 --> 00:05:02,973 satisfy that demand include employees, 138 00:05:03,147 --> 00:05:05,513 facilitators, licensees, 139 00:05:05,573 --> 00:05:06,023 and products. 140 00:05:06,043 --> 00:05:08,783 And we will take these one at a time. 141 00:05:09,227 --> 00:05:11,551 So employees, that is a way 142 00:05:11,551 --> 00:05:13,561 to help satisfy that demand with 143 00:05:13,621 --> 00:05:15,061 internal resources. 144 00:05:15,257 --> 00:05:16,711 I mean, we all probably started 145 00:05:16,711 --> 00:05:18,031 as employees, you know, unless you're 146 00:05:18,036 --> 00:05:20,155 Mark Zuckerberg or Bill Gates or 147 00:05:20,215 --> 00:05:22,428 Elizabeth Holmes, go forbid, we started 148 00:05:22,428 --> 00:05:24,708 as employees, and so we understand 149 00:05:24,708 --> 00:05:25,219 that from that side. 150 00:05:25,428 --> 00:05:28,896 But as an employer, Sometimes we forget 151 00:05:28,896 --> 00:05:31,566 that we are the most expensive resource 152 00:05:31,596 --> 00:05:34,146 in our business because there are 153 00:05:34,308 --> 00:05:36,996 some higher level strategy, thought 154 00:05:36,996 --> 00:05:39,196 leadership, personal appearances, 155 00:05:39,196 --> 00:05:41,086 speaking, things like that, that. 156 00:05:41,432 --> 00:05:43,325 Require us. 157 00:05:43,331 --> 00:05:46,118 And so when there are, established 158 00:05:46,136 --> 00:05:47,936 workshops or trainings or 159 00:05:47,936 --> 00:05:49,376 frameworks that you can train 160 00:05:49,376 --> 00:05:51,973 other people to deliver, then that 161 00:05:51,973 --> 00:05:54,760 is an efficient way to service 162 00:05:54,760 --> 00:05:57,280 those, that access demand using those 163 00:05:57,285 --> 00:05:58,480 internal resources. 164 00:05:58,947 --> 00:06:01,603 Now, I'm not going to pretend that 165 00:06:01,603 --> 00:06:04,081 the only expense with having an 166 00:06:04,081 --> 00:06:06,241 employee is just their salary. 167 00:06:06,271 --> 00:06:07,231 I mean, we know there's a lot 168 00:06:07,231 --> 00:06:08,521 more of that to it than that. 169 00:06:08,521 --> 00:06:11,166 Not to mention, taxes and, benefits, 170 00:06:11,302 --> 00:06:14,426 but there is that emotional cost 171 00:06:14,431 --> 00:06:15,837 and psychological cost to having 172 00:06:16,106 --> 00:06:18,092 an employees, to ask someone 173 00:06:18,702 --> 00:06:20,936 to, leave their current employer. 174 00:06:21,162 --> 00:06:22,302 And come to you. 175 00:06:22,536 --> 00:06:24,516 And now you are now not only responsible 176 00:06:24,516 --> 00:06:26,136 for the care and feeding of your 177 00:06:26,136 --> 00:06:28,176 family, you're now also responsible 178 00:06:28,401 --> 00:06:29,952 for the care and feeding of their 179 00:06:29,952 --> 00:06:30,972 families as well. 180 00:06:39,629 --> 00:06:42,005 And so if you're not ready for the 181 00:06:42,005 --> 00:06:44,795 responsibility of employees, there 182 00:06:44,795 --> 00:06:47,595 are a number of external resources 183 00:06:47,605 --> 00:06:50,715 that can help you fill that demand to 184 00:06:50,715 --> 00:06:52,065 serve your clients. 185 00:06:52,387 --> 00:06:53,535 So outsourcing. 186 00:06:53,867 --> 00:06:56,415 Facilitators, again, using that, 187 00:06:56,665 --> 00:06:59,135 HR consultant scenario, you may 188 00:06:59,135 --> 00:07:00,875 have a different type of business, 189 00:07:00,875 --> 00:07:02,945 maybe a management consultant or 190 00:07:02,950 --> 00:07:05,251 graphic design or something else, but 191 00:07:05,466 --> 00:07:07,402 facilitators are a great way when 192 00:07:07,402 --> 00:07:09,532 you're providing workshops with 193 00:07:09,532 --> 00:07:12,005 to your clients that you use an 194 00:07:12,035 --> 00:07:13,655 outsourced freelance facilitator. 195 00:07:14,769 --> 00:07:16,724 who are skilled in facilitating 196 00:07:16,724 --> 00:07:18,794 workshops to help you meet some 197 00:07:18,794 --> 00:07:19,664 of that demand. 198 00:07:19,894 --> 00:07:22,394 And so in the facilitator example 199 00:07:22,394 --> 00:07:24,284 versus the licensee example, which we'll 200 00:07:24,284 --> 00:07:27,027 talk about next facilitator example, 201 00:07:27,027 --> 00:07:29,157 they are using your materials, your 202 00:07:29,162 --> 00:07:31,727 workshops to service your clients. 203 00:07:32,451 --> 00:07:34,217 And so even though they're servicing 204 00:07:34,217 --> 00:07:36,977 your clients, this is a contractual 205 00:07:36,977 --> 00:07:37,877 relationship. 206 00:07:38,184 --> 00:07:40,284 we want to make sure that it is 207 00:07:40,284 --> 00:07:41,874 properly documented. 208 00:07:42,184 --> 00:07:44,164 I imagine you have relationships with 209 00:07:44,164 --> 00:07:45,724 facilitators and hopefully you do 210 00:07:45,724 --> 00:07:47,317 as part of your network, but you 211 00:07:47,322 --> 00:07:50,677 still want to have a formal facilitator 212 00:07:50,677 --> 00:07:51,907 agreement with them. 213 00:07:52,027 --> 00:07:53,220 And there are a number of 214 00:07:53,250 --> 00:07:54,180 reasons why. 215 00:07:54,300 --> 00:07:55,680 One, to make sure you're on the 216 00:07:55,685 --> 00:07:57,030 same page about. 217 00:07:57,376 --> 00:08:00,459 delivery and about, payment, but also 218 00:08:00,459 --> 00:08:02,049 that relationship with the client, 219 00:08:02,049 --> 00:08:03,609 that relationship is yours. 220 00:08:03,863 --> 00:08:06,659 But you wanna have a way to determine 221 00:08:06,659 --> 00:08:08,756 like, in what ways will the facilitator 222 00:08:08,756 --> 00:08:10,316 be part of that conversation? 223 00:08:10,576 --> 00:08:12,326 If something goes wrong, if something 224 00:08:12,331 --> 00:08:14,565 needs to be rescheduled, if God 225 00:08:14,565 --> 00:08:16,305 forbid the client doesn't pay, like, 226 00:08:16,305 --> 00:08:17,355 then what happens? 227 00:08:17,755 --> 00:08:18,895 so you need to have all these 228 00:08:18,895 --> 00:08:21,505 things addressed in your facilitator. 229 00:08:21,515 --> 00:08:24,095 Agreement as well as they're going 230 00:08:24,095 --> 00:08:26,270 to be using your materials, do you 231 00:08:26,270 --> 00:08:28,550 want them to follow it, by the tea 232 00:08:28,550 --> 00:08:30,170 or can they use some of their own? 233 00:08:30,535 --> 00:08:32,215 Experience to bring some of 234 00:08:32,215 --> 00:08:34,929 their own genius to the workshop, 235 00:08:34,929 --> 00:08:35,619 if you will. 236 00:08:35,959 --> 00:08:37,262 And what if they have some 237 00:08:37,262 --> 00:08:39,122 ideas about how to improve it? 238 00:08:39,403 --> 00:08:40,409 Who owns that? 239 00:08:40,712 --> 00:08:42,452 What if they have something like, 240 00:08:42,482 --> 00:08:43,982 oh, I remember this exercise that 241 00:08:43,982 --> 00:08:45,392 I used last year with a similar 242 00:08:45,397 --> 00:08:45,892 client and they. 243 00:08:46,372 --> 00:08:48,502 Decide to bring that exercise and 244 00:08:48,502 --> 00:08:50,212 make that part of the program, 245 00:08:50,504 --> 00:08:51,522 what happens then? 246 00:08:51,758 --> 00:08:52,992 So you just wanna make sure all these 247 00:08:52,992 --> 00:08:55,709 things are set out in your agreement. 248 00:08:55,809 --> 00:08:59,002 contracts are just about the, whatever 249 00:08:59,002 --> 00:09:01,552 the parties decide it will cover. 250 00:09:01,642 --> 00:09:03,082 And so you just need to make sure 251 00:09:03,082 --> 00:09:04,882 that you're covering these things ahead 252 00:09:04,882 --> 00:09:07,222 of time so that everyone is on 253 00:09:07,222 --> 00:09:08,032 the same page. 254 00:09:08,362 --> 00:09:09,892 So that's your facilitators 255 00:09:10,105 --> 00:09:12,702 now as opposed to licensees. 256 00:09:13,062 --> 00:09:14,682 Now with your licensees, we have 257 00:09:14,682 --> 00:09:15,582 these two types. 258 00:09:15,582 --> 00:09:17,562 One that's competitor license, 259 00:09:17,779 --> 00:09:20,696 another client, but your competitor 260 00:09:20,696 --> 00:09:23,333 license is another service provider. 261 00:09:23,513 --> 00:09:24,643 Unlike the facilitator, 262 00:09:24,913 --> 00:09:27,203 they're going to be licensing 263 00:09:27,203 --> 00:09:30,096 your workshop and using it to serve 264 00:09:30,096 --> 00:09:34,056 their own clients, and so a license 265 00:09:34,086 --> 00:09:36,012 is an agreement to use somebody 266 00:09:36,012 --> 00:09:37,392 else's intellectual property. 267 00:09:37,700 --> 00:09:39,072 Again, this is something you 268 00:09:39,132 --> 00:09:41,292 absolutely want to have in writing. 269 00:09:41,609 --> 00:09:44,189 the thing about your competitor is, 270 00:09:44,189 --> 00:09:47,714 maybe you're, that D E I A expert, 271 00:09:47,714 --> 00:09:50,114 maybe they're just a D E I expert 272 00:09:50,114 --> 00:09:51,404 and they haven't figured out the 273 00:09:51,404 --> 00:09:53,384 accessibility part yet, but you have. 274 00:09:53,777 --> 00:09:55,441 And so they come to you and like, 275 00:09:55,441 --> 00:09:57,721 Hey, I really need an accessibility 276 00:09:57,721 --> 00:09:59,851 module to add to my program. 277 00:10:00,051 --> 00:10:01,351 Can I license yours? 278 00:10:01,741 --> 00:10:04,591 Maybe it makes sense to just license that 279 00:10:04,771 --> 00:10:06,061 accessibility piece. 280 00:10:06,361 --> 00:10:08,664 Maybe you only want for them to use 281 00:10:08,813 --> 00:10:10,794 your program in its totality because 282 00:10:10,794 --> 00:10:12,744 it all builds on each other and it's 283 00:10:12,744 --> 00:10:13,224 all integrated. 284 00:10:13,981 --> 00:10:15,301 so there are different ways 285 00:10:15,301 --> 00:10:16,891 to structure a license, again, 286 00:10:16,891 --> 00:10:17,761 as a contract. 287 00:10:18,046 --> 00:10:20,096 the term, you mean the length 288 00:10:20,096 --> 00:10:20,776 of the license? 289 00:10:21,396 --> 00:10:22,656 The, any restrictions 290 00:10:22,656 --> 00:10:23,766 regarding use? 291 00:10:23,996 --> 00:10:26,001 what happens if someone, creates 292 00:10:26,001 --> 00:10:26,871 improvements? 293 00:10:27,151 --> 00:10:29,821 if they are mixing, one of your modules 294 00:10:29,821 --> 00:10:31,351 with one of their modules, making 295 00:10:31,356 --> 00:10:32,001 sure those rights. 296 00:10:32,306 --> 00:10:33,836 Stay separate. 297 00:10:34,092 --> 00:10:36,979 what happens with, your existing 298 00:10:36,979 --> 00:10:39,199 clients, like you are creating 299 00:10:39,204 --> 00:10:42,066 competitors that are using your 300 00:10:42,071 --> 00:10:45,391 program, and so, Some restrictions in 301 00:10:45,391 --> 00:10:47,251 there about who they can use it with. 302 00:10:47,251 --> 00:10:49,441 Maybe you specialize in working with 303 00:10:49,441 --> 00:10:51,511 law firms and so you don't really 304 00:10:51,511 --> 00:10:52,921 want them to use it with law firms, 305 00:10:53,100 --> 00:10:54,454 so you can put that restriction in 306 00:10:54,459 --> 00:10:55,864 there, that they can use it with these 307 00:10:55,869 --> 00:10:57,604 other industries, but not with, the 308 00:10:57,604 --> 00:10:58,474 legal industry. 309 00:10:58,803 --> 00:11:00,764 And of course, the license fee. 310 00:11:00,794 --> 00:11:03,614 So the terms of how you'll get paid 311 00:11:03,891 --> 00:11:06,524 for their use of your workshop, and 312 00:11:06,524 --> 00:11:08,294 that might be on an annual basis. 313 00:11:08,294 --> 00:11:09,764 They pay you one flat fee and they 314 00:11:09,764 --> 00:11:11,444 can use it as many times as they want 315 00:11:11,449 --> 00:11:12,795 during the year, or maybe it's. 316 00:11:13,324 --> 00:11:15,012 Every time they deliver it, that you 317 00:11:15,012 --> 00:11:15,882 get a piece of that. 318 00:11:16,243 --> 00:11:17,263 and so again, these are all 319 00:11:17,263 --> 00:11:18,883 things that you wanna have in your 320 00:11:18,883 --> 00:11:19,633 license agreement. 321 00:11:20,036 --> 00:11:22,136 The other type of licensee is your 322 00:11:22,136 --> 00:11:24,296 client licensee, so you're turning 323 00:11:24,296 --> 00:11:26,036 your client into a licensee. 324 00:11:26,334 --> 00:11:29,016 If we go back to that, Big client who 325 00:11:29,016 --> 00:11:31,936 has multiple offices and could keep 326 00:11:31,936 --> 00:11:33,076 you busy all year. 327 00:11:33,292 --> 00:11:35,473 Maybe instead of you going all around 328 00:11:35,473 --> 00:11:37,273 the country for a year to train 329 00:11:37,273 --> 00:11:38,449 everyone in person. 330 00:11:38,735 --> 00:11:40,916 You license the workshop to your 331 00:11:40,916 --> 00:11:42,123 client and they. 332 00:11:43,003 --> 00:11:45,013 Be use an internal facilitator. 333 00:11:45,018 --> 00:11:47,006 They use someone on their team to 334 00:11:47,006 --> 00:11:49,346 be the facilitator or facilitators 335 00:11:49,607 --> 00:11:51,536 and provide your workshops 336 00:11:51,536 --> 00:11:54,206 to the rest of their employees. 337 00:11:54,476 --> 00:11:56,816 That's also known as the train the 338 00:11:56,816 --> 00:11:57,716 trainer model. 339 00:11:57,958 --> 00:12:00,333 And in this case, you are still 340 00:12:00,333 --> 00:12:01,573 servicing them, but you're not 341 00:12:01,813 --> 00:12:03,893 doing it on a one on one basis. 342 00:12:04,583 --> 00:12:06,507 these are two, even though they seem 343 00:12:06,507 --> 00:12:08,487 similar, they're pretty different. 344 00:12:08,807 --> 00:12:10,467 One, I mean, obviously one 345 00:12:10,467 --> 00:12:11,487 you're creating competitors. 346 00:12:11,487 --> 00:12:13,287 The other, your clients probably 347 00:12:13,287 --> 00:12:14,967 are not going to be your competitors. 348 00:12:14,967 --> 00:12:16,797 So there are some differences there 349 00:12:17,068 --> 00:12:18,387 and some different protections that 350 00:12:18,387 --> 00:12:19,587 you'd wanna have in your license 351 00:12:19,592 --> 00:12:19,727 agreement. 352 00:12:20,547 --> 00:12:21,777 But the other thing is that they're 353 00:12:21,782 --> 00:12:24,297 completely different market, right? 354 00:12:24,297 --> 00:12:27,182 So, Currently you understand your 355 00:12:27,182 --> 00:12:29,342 client, you know their pain points, 356 00:12:29,342 --> 00:12:32,072 you know where you fish for them, 357 00:12:32,274 --> 00:12:33,362 where to find them. 358 00:12:33,598 --> 00:12:36,229 And so your sales process for that 359 00:12:36,229 --> 00:12:37,279 may be very similar. 360 00:12:37,279 --> 00:12:40,092 You have this one-on-one option 361 00:12:40,099 --> 00:12:41,779 or in-person option, I should say, 362 00:12:42,090 --> 00:12:45,069 and you have this license option. 363 00:12:45,129 --> 00:12:46,509 And so depending on the client, 364 00:12:46,509 --> 00:12:47,229 they may have. 365 00:12:47,269 --> 00:12:48,319 Preferences, what, which way 366 00:12:48,319 --> 00:12:50,209 to go versus your competitor 367 00:12:50,209 --> 00:12:52,609 is completely different market. 368 00:12:52,759 --> 00:12:54,319 They have different issues. 369 00:12:54,650 --> 00:12:56,758 Their roi, the investment will look 370 00:12:56,763 --> 00:12:58,198 very different to them than it does 371 00:12:58,198 --> 00:12:59,008 for your client. 372 00:12:59,068 --> 00:13:01,638 And so you need to think pretty 373 00:13:01,638 --> 00:13:02,808 carefully about whether or not 374 00:13:02,808 --> 00:13:04,963 you want to, have basically 375 00:13:05,243 --> 00:13:07,896 two different businesses, when you 376 00:13:07,901 --> 00:13:10,426 go that competitor, licensee route. 377 00:13:10,853 --> 00:13:12,783 So those are two ways to have to 378 00:13:12,783 --> 00:13:14,463 fill that with external sources. 379 00:13:15,278 --> 00:13:19,374 So products, those DIY ways of getting 380 00:13:19,404 --> 00:13:21,474 the results, or at least most of 381 00:13:21,474 --> 00:13:23,514 the results that they would get by 382 00:13:23,514 --> 00:13:25,314 hiring you directly, maybe books, 383 00:13:25,515 --> 00:13:27,524 maybe prerecorded courses, maybe 384 00:13:27,924 --> 00:13:29,444 software, depending on the nature of. 385 00:13:30,144 --> 00:13:32,064 The results that you provide, and 386 00:13:32,064 --> 00:13:34,764 this is a great way to, one, get 387 00:13:34,764 --> 00:13:35,834 client diversity. 388 00:13:36,365 --> 00:13:39,005 with your in-person workshops, I imagine 389 00:13:39,005 --> 00:13:40,985 there's lots of similarity about the 390 00:13:40,985 --> 00:13:43,258 type of client that you work with and if 391 00:13:43,258 --> 00:13:44,598 they're big enough, maybe you only have 392 00:13:44,598 --> 00:13:46,738 one client, which is kind of the worst 393 00:13:46,738 --> 00:13:47,368 kind of client. 394 00:13:47,373 --> 00:13:49,578 Diversity, of course, but having 395 00:13:49,979 --> 00:13:51,479 other options at different 396 00:13:51,479 --> 00:13:52,289 price points. 397 00:13:52,289 --> 00:13:53,639 I mean, you can have different types of 398 00:13:53,639 --> 00:13:56,039 clients and you can serve, maybe, parts 399 00:13:56,039 --> 00:13:57,089 of the community that you were not 400 00:13:57,094 --> 00:13:59,279 able to serve with your in-person 401 00:13:59,279 --> 00:14:01,163 services and adding. 402 00:14:01,552 --> 00:14:03,137 Products is additive. 403 00:14:03,137 --> 00:14:05,117 I mean, it doesn't replace, or I mean 404 00:14:05,117 --> 00:14:06,347 if you don't want it to, it doesn't 405 00:14:06,347 --> 00:14:08,087 replace your in-person services, 406 00:14:08,447 --> 00:14:11,943 but it adds a new revenue stream using 407 00:14:11,943 --> 00:14:13,953 your intellectual property, which 408 00:14:13,953 --> 00:14:15,404 is, of course one of the things I 409 00:14:15,404 --> 00:14:17,599 talk about all the time, to create 410 00:14:17,599 --> 00:14:20,119 that new IP based revenue stream. 411 00:14:20,603 --> 00:14:23,212 So, to no one's surprise, it is 412 00:14:23,212 --> 00:14:24,592 all about that intellectual 413 00:14:24,592 --> 00:14:25,282 property. 414 00:14:25,462 --> 00:14:27,982 So developing it, owning it, and 415 00:14:27,987 --> 00:14:28,852 protecting it. 416 00:14:29,002 --> 00:14:31,372 And so to talk about the ownership piece 417 00:14:31,372 --> 00:14:34,689 for a minute, a lot of consultants 418 00:14:34,689 --> 00:14:37,299 and coaches get certifications and 419 00:14:37,299 --> 00:14:39,069 they will receive. 420 00:14:39,326 --> 00:14:40,856 Materials, maybe they'll get an 421 00:14:40,856 --> 00:14:41,726 assessment tool. 422 00:14:41,726 --> 00:14:43,106 Maybe they'll get some workbooks 423 00:14:43,106 --> 00:14:45,206 and things that they use in their 424 00:14:45,206 --> 00:14:46,586 in-person services. 425 00:14:46,977 --> 00:14:50,031 But those things are licensed to them. 426 00:14:50,241 --> 00:14:52,131 Licensed to you as the case may be, 427 00:14:52,497 --> 00:14:56,217 and you may but probably do not 428 00:14:56,438 --> 00:14:59,157 have the right to further license. 429 00:14:59,157 --> 00:15:01,127 That would be a sub license, those 430 00:15:01,127 --> 00:15:02,657 materials that you've received. 431 00:15:02,913 --> 00:15:04,277 So when you're looking at. 432 00:15:04,497 --> 00:15:06,417 Creating a licensing program either 433 00:15:06,417 --> 00:15:08,967 with your client or with a competitor, 434 00:15:09,331 --> 00:15:11,662 or creating a product, you need 435 00:15:11,662 --> 00:15:13,162 to make sure that you actually own 436 00:15:13,162 --> 00:15:15,952 the things that will be elements 437 00:15:15,952 --> 00:15:17,602 in that, because if they're licensed 438 00:15:17,602 --> 00:15:19,612 from someone else, you need to be very 439 00:15:19,617 --> 00:15:21,322 careful that you are not in breach 440 00:15:21,322 --> 00:15:21,743 of that license. 441 00:15:22,688 --> 00:15:25,231 So implementing the clothing process 442 00:15:25,951 --> 00:15:29,131 back to the systems and procedures. 443 00:15:29,321 --> 00:15:31,481 if right now you're just using 444 00:15:31,481 --> 00:15:33,221 your brilliance, you wanna start 445 00:15:33,221 --> 00:15:35,961 documenting that brilliance, so 446 00:15:36,171 --> 00:15:37,931 have some systems and you have some 447 00:15:37,931 --> 00:15:39,162 procedures that you will be able. 448 00:15:39,750 --> 00:15:42,811 To train your clones on whether 449 00:15:42,811 --> 00:15:43,711 they're employees. 450 00:15:43,771 --> 00:15:44,911 You still need systems and 451 00:15:44,911 --> 00:15:45,661 processes. 452 00:15:46,003 --> 00:15:48,276 If you, use facilitators, 453 00:15:48,366 --> 00:15:49,146 they need it. 454 00:15:49,339 --> 00:15:50,799 If you use licensees, of 455 00:15:50,799 --> 00:15:52,149 course they need it as well. 456 00:15:52,317 --> 00:15:54,609 So you start with making sure you 457 00:15:54,614 --> 00:15:57,159 are systematizing and proceduralizing 458 00:15:57,299 --> 00:15:58,912 your, process. 459 00:15:59,356 --> 00:16:00,226 Contracts. 460 00:16:00,236 --> 00:16:02,306 obviously as an employer you have 461 00:16:02,306 --> 00:16:04,066 certain, rights under employment 462 00:16:04,066 --> 00:16:06,992 laws, but for your licensees 463 00:16:07,022 --> 00:16:09,242 and for your facilitators, that 464 00:16:09,242 --> 00:16:11,012 is a contractual relationship. 465 00:16:11,257 --> 00:16:12,542 And in order to make sure you're 466 00:16:12,662 --> 00:16:14,342 maintaining control of how 467 00:16:14,342 --> 00:16:15,512 your intellectual property is being 468 00:16:15,517 --> 00:16:17,582 used, you want to have written 469 00:16:17,582 --> 00:16:19,652 agreements that are signed by 470 00:16:19,706 --> 00:16:20,336 the parties. 471 00:16:20,724 --> 00:16:22,344 And then registration. 472 00:16:23,004 --> 00:16:24,264 What we've been talking about are 473 00:16:24,264 --> 00:16:26,304 things that would be registered 474 00:16:26,364 --> 00:16:28,354 under, the US copyright office, 475 00:16:28,540 --> 00:16:31,430 protected under copyright law, and. 476 00:16:31,470 --> 00:16:33,304 As you know, if you've followed 477 00:16:33,304 --> 00:16:36,160 me for a while, upon creation of 478 00:16:36,220 --> 00:16:39,580 original materials, the copyright vests 479 00:16:39,610 --> 00:16:41,200 in the creator. 480 00:16:41,890 --> 00:16:44,320 And so you don't have to register it 481 00:16:44,440 --> 00:16:46,690 for that copyright to vest in you, 482 00:16:46,922 --> 00:16:48,670 but you do need to register it if 483 00:16:48,670 --> 00:16:51,170 you want a court of law to help you 484 00:16:51,170 --> 00:16:52,940 enforce your rights. 485 00:16:53,299 --> 00:16:56,063 So anything that is going to be 486 00:16:56,063 --> 00:16:58,658 used to directly create revenue. 487 00:16:59,188 --> 00:17:00,958 I recommend registration. 488 00:17:01,085 --> 00:17:02,728 So certainly any product you're going 489 00:17:02,728 --> 00:17:04,528 to sell, you wanna have it registered. 490 00:17:04,882 --> 00:17:07,107 Your workshops that you deliver 491 00:17:07,107 --> 00:17:08,545 to that are the sort main source 492 00:17:08,545 --> 00:17:11,032 of revenue should be registered. 493 00:17:11,392 --> 00:17:13,072 And when you're doing a license 494 00:17:13,077 --> 00:17:15,532 agreement, you want the subject of that 495 00:17:15,532 --> 00:17:17,452 license agreement to be registered 496 00:17:17,452 --> 00:17:19,342 in the copyright office as well. 497 00:17:19,803 --> 00:17:21,185 So, the key. 498 00:17:21,185 --> 00:17:24,333 Registration agreements and, of 499 00:17:24,333 --> 00:17:26,073 course tracking. 500 00:17:26,280 --> 00:17:29,280 you don't know what you don't know if 501 00:17:29,280 --> 00:17:31,900 you're not tracking the rights that are 502 00:17:31,900 --> 00:17:33,100 coming into your business and the 503 00:17:33,100 --> 00:17:34,870 rights are going out of your business, 504 00:17:34,930 --> 00:17:36,761 and that is how you make sure that you 505 00:17:36,766 --> 00:17:40,603 retain control of your, expertise. 506 00:17:40,663 --> 00:17:42,403 And so another thing that came up 507 00:17:42,403 --> 00:17:44,353 yesterday during conversation is, 508 00:17:44,513 --> 00:17:46,793 wanting to spread your message as 509 00:17:46,793 --> 00:17:49,487 widely as you can and what you do. 510 00:17:49,487 --> 00:17:50,537 You believe in what you do, you 511 00:17:50,537 --> 00:17:51,737 believe in the transformation that 512 00:17:51,737 --> 00:17:53,957 you provide, and you want other people 513 00:17:54,377 --> 00:17:57,457 to have access to, the results. 514 00:17:57,877 --> 00:18:00,517 And I would argue that that is even. 515 00:18:00,722 --> 00:18:02,603 More important that you have these 516 00:18:02,608 --> 00:18:03,833 things in place to make sure that 517 00:18:03,833 --> 00:18:07,013 you're controlling the integrity of 518 00:18:07,013 --> 00:18:09,162 the materials that you put together to 519 00:18:09,162 --> 00:18:11,022 the workshops and the delivery and 520 00:18:11,022 --> 00:18:12,342 the results that people are getting. 521 00:18:12,592 --> 00:18:15,009 it's not selfish to want to make 522 00:18:15,009 --> 00:18:17,221 sure that your materials are being 523 00:18:17,491 --> 00:18:19,111 used responsibly. 524 00:18:19,388 --> 00:18:20,951 And that they're being used 525 00:18:20,951 --> 00:18:22,871 competently and that people are 526 00:18:22,871 --> 00:18:24,941 getting the promised results and that 527 00:18:24,941 --> 00:18:27,341 requires you to take some control 528 00:18:27,341 --> 00:18:28,361 of that process. 529 00:18:28,834 --> 00:18:31,861 So that is, the what I wanted to share 530 00:18:31,861 --> 00:18:32,671 with you today. 531 00:18:32,931 --> 00:18:34,451 And so thank you so much for that 532 00:18:34,851 --> 00:18:37,191 and I'd be happy to take any questions 533 00:18:37,191 --> 00:18:37,521 that you have. 534 00:18:38,494 --> 00:18:40,479 All right, so you know where 535 00:18:40,479 --> 00:18:41,139 to find me. 536 00:18:41,139 --> 00:18:44,479 You can always find me@thinkbeyondip.com. 537 00:18:45,064 --> 00:18:45,334 You know, if you. 538 00:18:45,757 --> 00:18:47,947 Couple of any questions later on, 539 00:18:48,154 --> 00:18:49,707 or if you're just shy, connect with me 540 00:18:49,707 --> 00:18:52,860 on LinkedIn or send me an email at Erin 541 00:18:53,130 --> 00:18:54,810 think beyond ip.com. 542 00:18:55,099 --> 00:18:58,037 And of course, this is being recorded 543 00:18:58,037 --> 00:19:00,257 as a podcast episode as well, so you 544 00:19:00,257 --> 00:19:02,207 can also rehear it if you haven't 545 00:19:02,207 --> 00:19:02,748 gotten enough of it. 546 00:19:03,230 --> 00:19:05,985 at Hourly to Exit podcast, you could 547 00:19:05,985 --> 00:19:08,265 find that at all of your podcast 548 00:19:08,944 --> 00:19:09,962 distributing. 549 00:19:10,015 --> 00:19:10,735 Places. 550 00:19:11,095 --> 00:19:13,449 so thanks again for joining me and 551 00:19:13,449 --> 00:19:15,939 I'm always happy to cover topics of 552 00:19:15,939 --> 00:19:16,839 interest to you. 553 00:19:17,098 --> 00:19:19,539 So also, please feel free to send 554 00:19:19,539 --> 00:19:21,339 me any questions that you have or any 555 00:19:21,339 --> 00:19:22,689 topics that you'd like me to cover. 556 00:19:23,109 --> 00:19:23,799 Thanks again.