Saturday, January 19, 2013

How to Earn $300 a Day As a Life Coach (And the BIG Secret That 100K Coaches Rarely Reveal)

Q: What is the easiest way to earn big money as a coach or consultant? Is it possible to make $100 Thousand dollars a year doing NOTHING but coaching people in an area that I have genuine authority, expertise and experience? And what is the KEY to building my brand, my blog and my business as a full time coach? Do I need a HUGE community of fans, friends and followers to make a fortune... or can I get by selling MORE to less, instead? In this article we are going to take a quick and easy look at the absolute EASIEST way to earn $300 a day as a life coach, or business consultant of ANY kind, as well as the #1 pitfall that prevents most folks from cashing in on their coaching business as well. Curious to know more? Continue reading as we take a closer look below.
The EASIEST way to earn $300 a day is super simple, and be summed up in one old... but very applicable cliche.
When it comes to CLIENTS... LESS is more.
  1. The average life coach earns, according to industry metrics, about $160 an hour.
  2. The average BUSINESS coach earns over $300 an hour.

BUT - the surprising secret about the highest earning coaches, those making HIGH 6 figure incomes and above, is really counter intuitive... but very true none the less.
The FEWER clients you have, the more money you'll make.
For example, the ELITE level of coaches, from an earnings standpoint, has on average, UNDER 6 paying clients per week. (I believe the number is actually 5.6)
These are the coaches and consultants who are earning really big dollars... doing work that they love and affecting real results for a super small community of clients and customers.
Of course some of these coaches are earning that money on a commission basis as well (most notably in the business coaching community, where at the top tier, some coaches will get a fee on the growth they affect for clients campaigns) but in general, the RULE is, less is more.
For example, in my own business, I've found it INFINITELY easier to get 2 clients a day to pay me $200 for an in depth hour of content marketing masterminding, or strategy, structure or sequence brainstorming, than I used to trying to sell 10 $40 dollar eBooks or digital downloads.
If you look at, and then CHARGE the generic rate of at the average life coach, and only strive to get 2 new clients a day, you should be able to build a 6 figure portfolio in under 90 days. (which gives you a daily income of about $300 right out of the gate)
Finding new clients is incredibly easy as well:
Writing articles like this one is a great way to start (and it's 100% free)
Using Google local listings to target your IDEAL audience is a phenomenal (and free) way to get an avalanche of interest in your local community... and a resource that MOST coaches and consultants are afraid to try.
The same is true with generic search engine listings. Find your ideal audience... and simply contact them with an appealing offer, opportunity or collaborative campaign that would benefit the both of you.
Believe it or not... I've found 100's of potential clients using free classified sites like Craigslist and Backpage.com, simply by hiring virtual workers around the globe, giving them an email template, and having them contact folks who could benefit from our brand and business building services for coaches... and asking them to participate in a survey. (about 15% will, and about 25% of THOSE people will become clients)
If you have PASSION and a sense of purpose about your work... the truth is, you are ONLY limited by your ambition and imagination.
And if you think that $300 a day, starting very soon is an exaggeration... I invite you to think again, and I challenge you to apply the above, and prove it to yourself.
By:  I.R Hollander

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