How to Make a Profit as a Business Coach

How to Make a Profit as a Business CoachAre you looking to kick start the decade with higher profits? We’ve got just the advice for you!  Our coaches at FocalPoint Business Coaching have exactly what you need to gain profit, in materialistic and spiritualistic ways, to become the best of the best at what you do. 

Hold Coaching Programs of All Sizes
Put your business coaching talents to work by offering business coaching programs to clients. Most business coaches find their specialty in a few areas, mastering these sections to pass down to business owners and employees. From finances to health and wellness, there are a wide variety of aspects to choose from. Maximize your position as a business coach by offering one-on-one coaching and group coaching:

One-on-one coaching is a personalized program with the ability to explore more in-depth discussions. Business coaches that offer one-on-one coaching programs can charge anywhere between $2,000 to $5,000 per month. Whether you meet once a week or twice, upholding your program with your clients for a year is suggested. This way, you see more concrete results of improvement and also you will be bringing in revenue during the entire year. 

Group coaching allows the opportunity to target businesses as a whole to get everyone on the same page about certain topics. Charging anywhere between $500-$1,000 per client per month is reasonable for businesses and still brings revenue to your work. Most business coaches utilize conference calls to carry out their group coaching and commit to a year program. 

No matter which style you choose to do, you will find success in clients that commit to the full program and keep your lessons going strong each time. 

Host Business Workshops
Allow people to apply the knowledge they have just been taught through business workshops. It’s critical to take note that practice means permanence and for making your event a success. Keep these things in mind when planning for your next business workshop:

  • Define the goals
  • Decide who will attend
  • Create an agenda
  • Develop a follow-up plan

Be sure you create dialogue with your clients! They can bring a lot of experience to the table. The more takeaways your workshops are, the more businesses will want to pay for your services again.

Provide Business Assessments to Companies
Another fantastic way to profit as a business coach is implementing business assessments to your clients. From topics such as sales skill to workplace motivators, sitting down to analyze employee characteristics reflects on their work ethic and contributions to the organization. These assessments can also serve as a great resource for business owners to understand the type of person to hire and reveal current employees who are deserving of a promotion. Helping businesses understand their operations more efficiently means they’ll invest in you more, too.

At the end of the day, don’t forget to be passionate about what you do. Remember that although making profit as a business coach is important, it’s equally as important to enjoy what you do. This way, you’ll be providing people with highly effective lessons that will positively change their business for the better. Contact us today if you are interested in becoming richer in skill as a company or as a business coach.