How To Know If You Can Be A Highly Paid Business Coach
More than ever there is a need for more professional and entrepreneurial women to receive support from proven mentors and leaders who can share with them the easiest, most effective path to success. According to this Forbes article, 48% of female founders’ report that a lack of available advisers and mentors limits their professional growth.
Coaching is a great solution for women who want to save time, energy and money to learn step by step how to achieve their goals fast!
There are so many successful business women and professionals in the marketplace who have a skillset, strategy and or solution that could transform other women’s lives and could easily be additional 6+ figure revenue stream for them.
These women are perfect candidates to become business coaches because they have proven results and success that other women would be happy to invest in to create similar outcomes for themselves.
I mean, any smart business person knows it makes more sense to just pay to learn from someone who is doing what you want to do and have them give you shortcuts so that you can collapse time and get to your goals faster. What you don’t spend money to learn, you will pay in time. Money you can always get back but time is gone forever!
The problem with business coaching actually isn’t that there is a lot of them (yes, this is true!), it’s that too many of them start out charging way too little. This is usually because most of them haven’t had 6 figure success in their own business outside of business coaching and they are still building their confidence and dealing with their money mindset blocks. So yes, there are a lot of business coaches but a majority of them are playing at the bottom and are also focused on clientele that won’t invest to play big. So when you become a business coach that charges premium and platinum fees for your mentorship, you by default elevate your positioning above the masses. In addition, because you are highly paid business coach you don’t need to attract and serve as many clients making it easier to hit high income months while maintaining and or improving your lifestyle.
So, what exactly is a highly paid business coach? It’s a proven expert or successful entrepreneur who commands investments of $5K or more to share their systems, strategy or solutions with clients so they can receive similar results faster. At this price point and with only 3 clients a month, a business coach could generate $15K months.
How do you know if you could be a highly paid business coach? First, you obviously have to have had results, either for yourself, this is especially fine if you are just getting started (I used my own testimonial of how I built my successful branding business to start coaching others), and or of mentoring others who received results.
You have to be confident that what you can share and teach will save your client either significant time, money, and and or sanity then them trying to figure it out on their own.
You have to know that you don’t want to start off making less and work your way up to making more and you are ready right now to start charging and delivering premium and platinum coaching.
You know you want to attract highly committed and invested clients who get your best work so you can have outstanding testimonials and referrals.
You, yourself are not freaked out or scared to invest premium and platinum prices in your own business coaching and mentorship. So right away, if you are like there is no way you would, could or are able to invest at least $5,000 in a business coach, then mostly you don’t have what it takes. This is why so many “business coaches” undercharge because even though they have had success in their business, the fact that they think that is a lot holds them back from every charging anywhere close to that.
But I can assure you if you have built a 6 figure or beyond business or career you know charging a minimum of $5K to teach a client how to do the same faster, seems like a drop in the change bucket.
If you would like to see if you have what it takes to be a highly paid business coach, I’d love to speak with you! Feel out this form to see if you qualify for a complimentary discovery call. Click here now to go to the application form.
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