If you run an offline coaching business, you know that’s one of the most rewarding and fun businesses you can have, but the problem when working offline is that you’re often trading hours for dollars and since there’s only so many hours in the day and only so many clients you can work with at once, then it’s going to be difficult to sustain a long term business that allows you to find the freedom you desire in your life.
If you move your business online, you can certainly still do one to one coaching with your clients if that’s what you want, but you’ll also be able to choose other ways to make money that you can add into your business and that way you can leverage your time and possibly even create some form of passive income. In this post, we’re going to share with you some of the different ways you can add to your income and create more freedom overall in your business by bringing your coaching business online.
If you’ve been coaching people one on one, then you may also want to consider leveraging your time by working with a smaller group of people at once who you can still deliver the same outcome to, but they basically pay a good bit less than they would if they were doing it individually. The great thing about group coaching is that people may often get better results since the motivation in a group setting can be higher and they’ll be able to support each other.
Many coaches create online courses as a way of packaging up their skills and helping people who may not otherwise be able to afford to work with them privately or one to one. The good thing about courses is that once you’ve created them the first time, you can sell them over and over, so they’re basically able to work as passive income in your business.
Membership sites are also great ways to create a source of recurring income into your business, and they’re also great for your clients because they’re generally going to be a low-medium end product that they’ll find affordable, and this means that you’ll be able to impact more people. If you’ve never created anything like an online course or a membership site, then you can find lots of useful resources online, or you can even work with a company like Sabio Information Technologies, Inc.
Digital products can be free offers or they can be low cost and even high-end products that you create once and then allow people to download directly from your website so that you can help people no matter what stage they’re at in their journey with your coaching. Creating a digital product really isn’t as hard as it seems, and you can find plenty of tools and software online that will help you create amazing digital products for next to no money so that you can help a lot more people than you’d be able to work offline.
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