Episode 244: How Much Do You Pay Your Team? #BizTipFriday
The Mind Your Business Podcast
James Wedmore
4.9 • 1.8K Ratings
🗓️ 15 March 2019
⏱️ 16 minutes
🧾️ Download transcript
Summary
Ever wonder how much you should be paying your team members? There are many different options available, and some of them may surprise you! In today's #BizTipFriday episode, Jilly and I will be answering this question from a listener and giving a behind-the-scenes of what we do here on Team Wedmore - and why we do it.
Are you ready to create your Business by Design this year? Be the first in line when the program opens by joining the waiting list at https://www.businessbydesigntraining.net/!
If you enjoy this episode and it inspired you in some way, I'd love to hear about it and know your biggest takeaway. Take a screenshot of you listening on your device, post it to your Instagram Stories and tag me, @jameswedmore.
I want to invite you to help contribute to this podcast by submitting a question for the Listener Question of the Week edition of The Mind Your Business Podcast. All you have to do is go to http://jameswedmore.com/QA and record a question (under 4 minutes or less) that could be featured on an upcoming episode!
In the episode you'll hear:
- How money isn't always someone's motivation for joining a team
- The first step when it comes to deciding what to pay your team members
- How to set clarity and expectations – from the start
- The ways we "gamify the process" and incentivize with bonuses
- What sets our team, and coaches, apart from others
- And much more!
For full show notes and links, visit: http://mindyourbusinesspodcast.com/podcast/244
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to the Mind Your Business Podcast, episode 244. Today's Biz Tip of the Week is all about |
| 0:09.1 | how much do you pay your team? So stay tuned. |
| 0:13.6 | Hi, I'm James Wedmore and after building a multiple seven-figure |
| 0:20.9 | internet business around my content and expertise, I became obsessed about transforming the struggling course creator, coach and author into the inner-driven digital CEO. |
| 0:31.6 | In this segment, we'll explore specific actual strategies |
| 0:35.6 | that you can deploy today to get you paid. |
| 0:39.0 | This is the Mind Your Business Podcast, |
| 0:41.5 | Viz Tip Friday Edition. |
| 0:46.0 | What's up, ladies and gentlemen, James Wedmore here? |
| 0:49.0 | And Jillie here too. |
| 0:50.0 | She's here too! |
| 0:51.0 | And this is a Friday edition of the Mind your business podcast where we like to share real tactical |
| 0:56.3 | Concise and action oriented I'm saying a lot of words here |
| 1:00.4 | Business tips that are gonna help you grow in 2019 and beyond. |
| 1:05.0 | And today we have a listener submitted question for you. |
| 1:12.0 | Have you submitted a question yet? If not, good at all. submitted question |
| 1:13.7 | yet. If not go to James Wedmore.com forward slash QA. That's right James Wedmore.com |
| 1:19.5 | forward slash QA and we use a fancy shmance little piece of software that allows you to just record your question |
| 1:25.3 | just ask it into your mic and then you have an opportunity of also getting featured on one of our |
| 1:31.4 | upcoming podcast and you get your answer to your question how cool featured on one of our upcoming podcasts. |
| 1:32.6 | And you get your answer to your question. |
| 1:34.6 | How cool is that? |
... |
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