Q&A: “How do I choose a revenue model for my coaching business?”

Notes from Chris

Episode 1929

Most successful coaches have more than one source of income—but if you’re starting out and need to pick only one, which should you pursue?

That’s the topic of today’s listener question. It comes to us from a new coach who’s eager to jump in and is looking for direction.

"Most successful coaches have more than one source of income: they sell private coaching, of course, but also group coaching. Then, they usually have programs or other one-off educational resources for sale. Some of them also earn affiliate income and maybe some other things too. When you're getting started, though, is it best to focus strictly on a single business model? Or is it wiser to diversify and build multiple programs at once? I don't just mean "different business ideas," I mean within the framework of coaching."

Listen to today's episode to learn more...

 

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SEE ALSO:

• Former High School Athlete Creates Coaching Subscription: When his old high school football coach reaches out to him, a sales professional creates a program to foster leadership skills in athletes.
• Rocket Scientist Launches Out-Of-This-World Tutoring Business: A NASA rocket scientist engineers her students toward top-flight grades.
• ER Nurse Masters CrossFit and Becomes Nutrition Coach: When her first hustling attempt at a wellness blog fails to generate enough response, this active ER nurse shifts her focus and signs up 19 clients for nutrition coaching.

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,