Start Your Own Coaching Business

Quick Guide To Starting A Profitable Online Coaching Business

empreender

• Publisher: Bibliomundi
• Year: 2021
• eBook ISBN: 9781526039453
• Edition: 1
• Topic: Personal Development
• Subtopic: Entrepreneurship

Are You Ready To Make A Significant Income Online With Your Valuable Knowledge?It's About Time For You To Start Your Own Coaching Business!Anybody can start an online coaching business today.There are many people looking for online coaches that have the knowledge and experience to help them.A lot of people try to do this, but they do not approach things in the right way.If you have valuable knowledge in a niche that is in demand you can make a significant income as an online coach.A lot of people try to do this, but they do not earn the income that they are looking for because they do not approach things in the right way.It is easy to start online coaching a lot of people dive right in and do not get the results that they were expecting.

Developing a Successful Online Coach Mindset

People often think that they need some special “insider knowledge” to become a successful and profitable online coach. This is not the case. What you do need is the right mindset to make a success out of online coaching.

You need to have the right plan and take the right action. Assuming that you are providing effective coaching sessions for your clients this is all that you need. If you were to analyze a successful online coach you would find that they have the following traits:

• They are confident
• They have clarity
• They have a mentality of abundance
• They are always positive

Basically successful online coaches have a magnetic personality. People are easily drawn to them and look forward to their coaching sessions with them. Take a look at Tony Robbins for example. He has to be one of the most successful coaches of all time. So many people like him because of his magnetic personality. He started life as a janitor!

Unfortunately there are a number of online coaches that do not succeed. This is because they do not have the right mindset for success. They do not exude confidence and as a result they take the wrong action. Clients are not confident in their ability to deliver what they need.

These coaches may be total experts in their niche. But this is not enough. If they do not have the right mindset to wow their clients then they are going to struggle. Successful online coaches never appear desperate for business (even if they are). They are always certain that they can get the right result for their clients.

The good news is that you can develop the right mindset to be a successful online coach. If you follow the advice in this chapter then you will be well on your way. So let’s take a look at the mindset changes that you need to make to be a profitable and in demand online coach:

1. You have to be Confident

People that hire you as their online coach expect you to be very confident in yourself and your abilities. They see you as their mentor and want to look up to you. If you don’t have the right amount of confidence then you are going to struggle to find and keep profitable coaching clients.

You need to be confident in the way that you look and when you speak. One way to identify weaknesses in your coaching delivery is to record yourself providing a fake session. Use a video recorder so that you can play everything back and identify problem areas. Do this alone at first and then you can find people that will provide you with honest feedback.

Pay particular attention to the tone of your voice and your facial expressions. How do you greet your clients? If they ask you difficult questions how do you respond? How is your body language during a session? Do you look attentive and ready to listen?

2. You have to have Clarity

This starts with you being clear about what a successful online coaching business means to you. We all have different definitions of success so you need to define your own and work out how this will look and feel to you.

There is more to being a successful online coach than just money. Some people that have a lot of money are not happy with their lot in life. So we recommend that you do not make money your sole focus with your online coaching business.

Think about how being a successful online coach means to you emotionally and spiritually. Once you know this you can practice it all of the time. There are many online coaches out there that make good money but are not happy. This is not a place that you want to be in.

3. You need to think Solutions

Clients will come to you as an online coach because they are looking for solutions to their problems. You need to have the belief that you can provide a solution to any problem that your clients have. When you are first starting out you may be hit with some questions that you were not expecting so you need to handle this in the right way.

Unfortunately if people are paying you hundreds of dollars for your time and expertise they are going to expect you to have all of the answers right away. If you don’t know the answer to something then you need to provide a credible response such as “there are several ways that you could approach this”.

What you want to do here is buy some time so that you can come up with the right solution. When you first engage with your client tell them that you are an expert and you are committed to finding the right solutions for them. Tell them that you may need to spend time after your call finding the most appropriate solution.

You can find yourself getting into a negative thinking spiral if you cannot provide the solution that a client is looking for right away. It is essential that you do not let this overwhelm you and always believe that you can find solutions for every problem.

4. Adopt the right Lifestyle Mindset

Because it is easy to get started as an online coach, a lot of people make the mistake of diving in head first and then end up working crazy long hours for very little money. We recommend that you come up with a lifestyle plan before you open your doors for business. There are limits to what you will do – working long hours for very little reward will soon grind you down.

Think about the return on investment (ROI) you want from your online coaching business. This is not just financial. You need to think about time freedom and satisfaction too. If you are a prisoner to your online coaching business then it is not going to last very long.

So think about the money that you want to make and also the free time that you want from your new online coaching business. Also think about what will give you the most satisfaction from being in this business. This could be helping others for example.

Once you have your lifestyle plan worked out you can then decide how you will operate your online coaching business. You can choose what you will deliver to your clients and when so that it supports the life that you desire.

5. Be Goal Orientated

You need to set yourself challenging goals if you want to be a successful online coach. Standing still is not an option – it may be easy for you to share your knowledge with the world but always be thinking about moving up to the next level.

Don’t stay in your comfort zone or you will never realize your potential. You need to embrace change and different challenges. Think big and set big goals. If you get too comfortable then you can become complacent and your clients will notice this.

What other ways can you further your online coaching business? Can you turn what you know into a successful digital product that you can sell for a high price? Or what about a membership website where clients pay you each month to view training videos that you have made and learn from other resources?

6. Be a Collaborator

While it is possible to become a successful online coach on your own you are likely to achieve a lot more by collaborating with others. Having the support of a good network will have a significant impact on your ability to attract new clients and increase your income.

There are many different ways that you can collaborate with others. You can do a lot without having to travel anywhere. Find people that have authority blogs in your niche and work something out with them. Offer them a commission to advertise your coaching services. Write guest posts for their blog with a link back to your website.

You can also find influencers on social media that will promote your business. These people have large followings and can instantly connect with people that you could never find on your own. So have a collaboration mindset to really grow your online coaching business.

In the next chapter we will discuss the essential steps that you need to take to develop a successful online coaching business…

Essential Steps For A Successful Online Coaching Business

If you fail to plan you plan to fail. Have you heard that before? It is likely that you have heard it many times and the reason for this is because it is true. If you just jump in to your online coaching business it is not very likely to succeed.

In the last chapter we discussed how important it is to have the right mindset. So we are going to put that into practice now by helping you to strategize your online coaching business. You need a plan and it needs to be good. Here are the essential steps that you need to take:

1. What do you really want?

There is no such thing as a perfect online coach. You can spend months on Google trying to find the perfect way to launch your new online coaching business and you will not find the right answer. This guide will certainly help you but you need to ask yourself some important questions before you get going.

There are no shortage of online training courses that will cost you a lot of money. Although the content in these courses is likely to be high quality you can never guarantee that it will be the right fit for you. As a starting point ask yourself:

• What income do I want to earn each month?
• How many hours do I want to work on my online coaching business?
• What kind of contribution do I want to make in the world?

Write down full answers to these questions because you are going to turn them into goals. The first is your income goal, the second is your lifestyle goal and the last one is your contribution goal. When you achieve all of these goals you will have an online coaching business that rewards you, provides you with the lifestyle you want and fulfills you.

2. Identify your Target Market

To succeed as an online coach you need to serve your clients in a way that the market is not effectively doing so at the moment. You need to know who your target market is and what their pain points are and the problems that they have. It is important for you to align with their desires so that they are delighted to work with you.

When you are able to provide effective solutions to people you will become irresistible to them. They will happily pay you whatever you are asking. Providing the answer to their problems is what you need to be about so you need to know as much about your market as possible.

There are a number of ways that you can do this. You can look for conversations online to discover the problems that your target market are having. Your aim is to know more about your target market than they know themselves. Then just tell them that you have the answers that they are looking for.

Create a plan around this. Find out who your ideal clients are and find ways to identify the issues that they have. In a later chapter we will show you some great ways to find potential clients for your online coaching business.

3. You need to Stand Out

Until you are able to build a solid reputation as an online coach you need to stand out from the crowd. This is particularly important if you are going into a competitive market. There is nothing wrong with being in a competitive market – these tend to grow more than other markets do.

The best way to stand out from the crowd as an online coach is to deliver solutions that really make a difference to your clients. Make a commitment to develop an irresistible offer to them that solves one of their top pain points.

Use your creative mind here and offer the best way to fix their problems. This could be a series of one on one coaching sessions, a group coaching sessions for their employees, a series of training videos for company personnel and so on.

4. Price your Services right

Be committed to providing value to all of your coaching clients. When you have the solutions to their problems you are in a strong position and you can charge accordingly. Some people will try to knock you down on your price. We recommend that you avoid these people especially if they are “bargain hunters”.

Never forget that the solutions that you provide can make a significant difference to your clients lives. If your recommendations will save a business a lot of money then never be afraid to charge a high price for your expertise.

5. Take Action

Don’t be a perfectionist. You do not need a website that costs a fortune and takes months to develop. Your website needs to look professional and explain clearly what you do. Anything more than that is just garnish.

Being resourceful is far more important than having a fancy website. Think about all of the people that you know and tell them that you are launching your new online coaching business. If they do not need your services then they may know others that do.

6. Setup a Support Network

Being an online coach can be a pretty lonely business. One of the best things that we recommend you do is to find a good mentor or mentors. There will be times when you are stuck on a problem for a client. With a good mentor in place it can be a lot easier to come up with the right solution.

Did you know that most good mentors have their own mentors too? Well they do and it is because nobody knows everything. No matter how much of an expert you are in your niche there will always be something that you don’t know or are unsure of.

Make sure ...

Table of contents

• Introduction
• Why Start An Online Coaching Business?
• Developing a Successful Online Coach Mindset
• Essential Steps For A Successful Online Coaching Business
• Effective Delivery Of Online Coaching
• Setting Up A Website For Your Online Coaching Business
• Getting Clients for your Online Coaching Business
• Write a Book
• Different Types Of Online Coaching Services You Can Provide
• Best Platforms And Tools To Use For Online Coaching
• Successful Online Coach Best Practices
• Conclusion