Quick Guide To 10k A Month
As a coach you should be making at least 10k a month
In this quick guide you will learn 3 ways you could earn at least 10k a month from your coaching business!
1. Offer payment plans during consultations
Offering more payment options leads to more sales. 3 out of 4 consumers making major purchases seek financing options. Create a wave of new clients by converting your offer of a large investment to weekly or monthly payments. When you commit to making this a part of your sales strategy you will see results!
So many businesses owners have started using Afterpay as a key selling point for their e-commerce businesses. This has helped businesses sales increase at rapid rates. Why? Because people love financing and making small payments. If you make your client coaching program a monthly, bi-weekly, or weekly proposition VS a bulk outlay you can easily scale to 5 and 6 figure months.
If you make a bulk of high ticket program sales, this can become several monthly payments of numerous amounts. Your program must be created in a strategic way that allows you time to work with each client without overwhelming yourself. You need to have a system in place with the right tools on the front and back end of your program that allows you to have flexibility. Your program should include an organized scheduling system to manage sessions & a self paced digital program.
The key to achieving success with this method is using self paced programs as a "hold over" for your clients to work on and complete until their next 1:1 session. You will need to create and divide curriculums into weekly or monthly modules. This will give you the flexibility and time to really work with each client. Clients will appreciate the added value that these products and tools.
2. Sell Digital Products Individually
Every coach should have at least one digital product to sell. Selling digital products is a very easy way to quickly scale your business. You can sell courses, eBooks, and etc and make a lot of money passively. This will help you reach more clients and free up some of your time because you will not have to be confined to doing 1:1 and group sessions. You can also use them to upsell existing clients.
To get started selling digital products it's important that you choose the right methods and have the right tools and resources. There are so many different selling platforms to consider when selling digital products. Take your time and do your research. Reach out to a coach for help if you need it. Start with just one or two products and then gradually add to your collection until you've developed a full library of digital content.
3. Add a referral rewards program or create a membership
Adding a referral rewards program is one of the easiest ways to scale your coaching practice. People love to be rewarded by doing little to nothing. By giving your clients a small percentage of a sale you make from a new client that they referred is a win win for both of you.
Your reward can be anything from cash, free services, or free digital products. You can even give them a certain amount off from their monthly payment if they qualify. Your rewards system will start to bring in so many new clients and you won't even have to do any promo and marketing to get these sales. Your clients will be doing the promo for you!
Creating a membership is another great way to generate more revenue to you coaching business! It is easy to convert your existing knowlegde and skills into a membership program. You can take some of your blogs, digital products, and services and offer them exclusively to your members for a monthy or annual fee.