Essentially, a coach helps a client with a specific problem within their expertise to clarify the issue, identify any blocks, and helps the client move forward toward reaching their goals by choosing a sequence of actions, helping them create a strategy and holding them accountable. They’ll help lead the client to success.
As you can see by the definition, there are a lot of problems with coaching as a career in terms of finding a way to earn more money, since coaching is so time-consuming. It takes a lot of time, not only one-on-one with the client, but also time outside of working with the client to find the right solutions for the client.
The issues that you may have as a coach are:
- Time Intensive – Spending one-one-one time with clients is time intensive. It can also be draining. Most coaches find working one-on-one with too many clients difficult, if not impossible. They find that four to six clients a month is more than enough to keep them super busy and occupied but not enough to earn the kind of money they want.
- Trading Hours for Dollars – You have to charge enough per hour to make it worth it. You’re not going to be able to book 40 hours a week for billable clients so you have to charge quite a lot to make a living. It can be difficult to find the right clients who will spend that type of money on a regular basis.
- Finding Enough Clients – Most coaching courses teach you to find about 10 clients a month. At $500 a month per client you’ll be earning $5000 a month working. Even if you only provide one 1-hour session a week per client, then add in the time you work that’s not billable, you’ll easily be working 40 to 44 hours a month just talking to clients. Never mind the time you have to spend marketing and finding those clients.
- Choosing a Niche – Picking a niche is an important part of being an effective coach. You want to present a perspective client that you are focusing on a particular area of their life or business to help them, such as parenting or social media marketing. Picking the right niche is imperative if you want to be successful.
- Getting Clients to Follow Through – It can be really frustrating to know what’s best for your clients but have them not follow through. These types of clients will often also drop out of your coaching program, which means you have to find yet another one to fill the spot.
- Not Having One Main Thing – This is like choosing a niche, but even stronger. You need one main thing that you’re an expert in to differentiate you from the rest of the coaches out there. You can’t be everything to everyone. This can be both empowering and limiting when it comes to being a coach.
- Not Having Other Products & Services – Many coaches think all they need is to talk to people on the phone once a week to be successful. But, if you don’t have other products and services that relate to your coaching practice, it will be hard to fill your client roster.
If you can break through these issues, you can create a thriving coaching business that involves a lot more than one-on-one coaching, help more people and earn a lot more money in the process.
Group Coaching: The Answer to Increasing Your Income & the People You Can Help!!!
If you would like to learn how to stop trading dollars and start learning how to earn some serious money with less effort; then join the High Ticket Product with Low Ticket Effort webinar coming up.
In this FREE webinar you'll learn:
- Why You Must Create A Profitable Group Coaching Program
- Why Group Coaching Only Focuses On Fixing One Problem for Your Clients
- How to Find Top Dollar Coaching Clients for Your Program
- ...and More!
That's it for now hustlers, I'll be dropping some more info tips to you soon. If you can't wait; just visit my YouTube Channel and check out what I've posted there.
Until next time.
Iolande V. Argent
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