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Rhonda Hess
Rhonda Hess
professional coach /author /membership website owner
Longmont, Colorado
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20 Things Every Coach Should Do to Make a Satisfying Six-Figure Income

Are you struggling to make a decent living as a coach?  If so, read on for 20 powerful tools that will help you streamline your marketing and practice management systems and result in a much higher income for you!

Written Apr 20, 2008, read 190 times since then.

 

I’ve loved my coaching career since I started in 1998. But it took me years to make a decent living from coaching. Things really changed for me when a few more experienced coaches blessed me with their wisdom. I went from scattered energy and mediocre results to having streamlined marketing and practice management systems that work!

I truly believe if every coach employs these 20 powerful tools, we will all be prosperous coaches and our clients will too. That’s my mission - to provide coaches tips, tools and resources to help put all 20 of these power points into action. 

Here are the 20 things every coach should do.

1.  Don’t go it alone. Get support to shorten your learning curves, move past fears, choose high pay off actions and winning mindsets.

2.  Focus your marketing on one specific niche market that fits your passion and experience. 

3. Attract pre-qualified prospects, coach only ideal clients. Don't fall into the trap of thinking that anyone is your client.

4.  Speak to your niche market’s top challenges. In your marketing, show how your coaching addresses those directly.

5.  Create a clear vision for your life and business goals. Ground that vision with a business plan.

6.   Offer group coaching or other group services.

7.  Value your time and your services. Break away from limiting beliefs about money, self worth and selling.

8.  Make a true commitment to your success. Dedicate enough time to your business. Transition from your “day job” as soon as possible.

9.  Ask prospects to hire you. Approach people you already know, create a prospect database and referral networks .

10.  Build credibility through writing. Consistently publish in your own blog or ezine and repurpose that writing into article directories and other blogs/publications that target your market.

11. Always have a next step ready for prospects. Leverage every marketing opportunity into the next to keep leads warm. Remember, prospects need a string of marketing moments with you to buy coaching.

12. Continually test and tweak everything. Rather than abandon your ideas, build on them. Learn from “mistakes” and try again.

13. Become an information marketer and content generator. Create educational products to diversify your revenue streams.

14. Invest money back into your business to boost revenue. Hire help, add a shopping cart to your website, invest in a mentor coach.

15. Become a national coach by using the Internet to market.

16. Create a marketing funnel. Start with free tips (ezine, blog, special report, assessment), offer low cost products & group services, then add in high cost products and coaching services.

17. Become a VIP coach/speaker for your target market. Offer more deliverables for higher end coaching packages.

18. Systematize everything you do. Create templates. Hire an assistant and others to do whatever isn’t the best use of your time.

19. Set up success criteria to evaluate opportunities. Manage your time like a professional and choose only high pay off activities.

20. Create and execute long-term strategic plans. Be diligent about planning the work and working the plan.

Learn more about the author, Rhonda Hess.

Comment on this article

  • Jennifer Manlowe
    Posted by Jennifer Manlowe, Bainbridge Island, Washington | Apr 21, 2008

    Hi Rhonda,

    Thank you for those tips. I often fear I'm spreading myself too thin, offering too many "gifts" and "talents."

    • Retreat Coordinator
    • Wedding Celebrant
    • Self-Publishing Guru
    • Author with 5 books to sell
    • Speaker/Presenter for Vocational Inspiration
    • Creative Career Counselor
    • Mid-Life Transition Brainstorming for "what's next?"
    • Spiritual Direction
    • Educational Framework for Goal-Setting, etc.

    I've made a living -- from a few of these and would like to focus, but I'm afraid of cutting out potential sources of possible income...almost like, "let the market decide" what I should do for profit.

    I'm sure you've heard this before.

    Best to you and your work.

    P.S. I'm drawing from Barbara Sher's advice/book: REFUSE TO CHOOSE! Do you know of it?

  • Judy McNutt
    Posted by Judy McNutt, San Diego, California | Apr 21, 2008

    Rhonda, I really see the system in your top 20 list and how the principles could apply to any business. Thanks!!!!

  • Kathie Nelson
    Posted by Kathie Nelson, Portland, Oregon | Apr 21, 2008

    Rhonda, I've learned a few of these the hard way! It is easy enough to get distracted when building your practice and chase potential opportunities. If there is anything that has slowed me down, this is it.

    The opportunities are endless but it is the focus that leads to profit. I really needed this checklist right now. I spent the first quarter of '08 refocusing my practice and am getting ready to reap the rewards of that niche. This is feedback I am on the right track.

  • Aamer Iqbal
    Posted by Aamer Iqbal, Lahore, Punjab Pakistan | Apr 24, 2008

    I think I know who I'd like to work with: only trouble is finding them, and making them buy. How can I find out what their challenge is to be able to speak about it. I'd like to work with successful, high energy people who have work-life issues. I have a potential client who has asked me to help her out. I gave her an initial questionnaire, and wheel of life exercise, and she was to have reported to me early this week; only after I called she told me she hasn't found the time to do that exercise! And I gave a free session!

  • Rhonda Hess
    Posted by Rhonda Hess, Longmont, Colorado | Apr 27, 2008

    Hi Aamer,

    Your dilemma is a common one for coaches. Most try to market an idea rather than to choose an accessible and lucrative group and market to their top challenges. The amazing thing about coaching is that because it's co-creative, you don't have to know more than your clients. But if you know what keeps them up at night and speak to that in your marketing, they will buy your services. Be specific and choose the most narrow niche you can for which you have many ideas of how to find them and serve their wants and challenges. It may take a little research and it's worth it.

    Congrats on your free session. Don't give away too much. Sometimes, if you ask prospects to engage in an exercise before they've invested, it scares them away.

    The Coach's Power Path can help if you have any interest in step by step guidance to build your business to prosperity. www.prosperouscoach.com