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The business case has two important components. The first of which is being able to communicate what you do in a manner that engages your prospects. I've covered this extensively before, so I'll not spend a lot of time on it here. Suffice it to say that the foundation for developing your business case depends on understanding and being able to communicate the answers to these questions:

1. What's the business problem that you solve?
2. Why should prospects hire you vs. all the other people offering similar services?
3. How do I know you can do what you claim?

These are the questions you need to have a good answer to BEFORE you start doing any marketing.

It often isn't easy to answer these questions. If your answers are simplistic or too basic, you'll only convince people to do business with you who are already predisposed to do so. And while it's nice to have a network of these people to draw from when you start out, you'll quickly discover that in order to thrive (or even survive in these days) you're going to have to convince people to do business with you who don't know you, or aren't referred by someone in your network. Then the game changes.

So BEFORE you invest in a website, sales letter or any other marketing materials make sure you have a strong business case. Otherwise you'll be as my friend Don Townsend says "A hammer in search of a nail", and that's not how you want to go about getting new clients.

The second component of developing your business case is to communicate the ROI (return on investment). However here's a problem lots of consultants and advisors face. In a typical discussion the "I" . . . the Investment, is the only hard number that's fully discussed. Since the "I" is what it's going to COST someone to hire you, it's crucial that it not be the only number that's out on the table. The key number that needs to be discussed . . . and the one that's so often overlooked . . . is the RETURN. That's the important number since the difference between the Investment and the Return is what makes hiring you economically viable. But how do we make sure that the RETURN clients get is fully discussed?

The answer is achieved by asking a series of questions. In fact it's a series of 3 questions. Nothing complicated. If you master how to apply these three questions, you'll ensure that the ROI of your services is fully understood, and you'll find that you hear "I can't afford you" a lot less.

The three questions are as follows:

1. Where are you at currently?
2. Where would you ideally like to be?
3. What's the value of the difference?

To illustrate how this works, let me use an example from my own world and the ROI for Gentle Rain Coaching.

The PROBLEM most of my prospects face is that they don't have enough leads. They aren't generating enough inquiries from the right type of people. Let's see how these three questions are used to build a ROI case for my services.

After making sure I understand what the problem is that my clients is facing (lack of leads, for this example) I might phrase question 1 like this: "How many leads are you currently generating?" In this case let's say they tell me, " 4 leads a month."

Question 2: "What would you like it to be?" In this example let's say they answer, "12 leads per month."

Question 3: "What's the VALUE of the difference?" Now it's likely that we'll have to ask some additional questions in order to determine the "value" of a lead. For example, I would probably ask additional questions such as, "What's your closing ratio?" and "What's the value of a new customer?" Thus if someone said that their closing ratio was 4-to-1, and the value of a new customer was $2000, I now can do some simple math.

They've told me that they are currently generating 4 leads a month (which results in 1 sale) and they want 12 leads a month (which results in 3 sales). This means that if the marketing program does what we both expect, they'll go from $2000 per month in revenue to $6000 per month. That's an increase of $4000 per month. Since coaching costs $595 per month, that's over a 650 percent ROI. It's going to be hard for any sensible and serious prospect to say that they can't "afford" that investment.

So to recap, the three questions you must ask in order to develop the ROI business case for your services are: