Making Money - 3 Ways To Start Your Own Highly Profitable Coaching Program
Perhaps the most significant business decision I’ve made since starting online in
1999 is to offer a coaching program. It has, literally, doubled and even tripled my income.
A simple look at the numbers explains why it is so important…
� It takes 50 customers buying a $20 ebook to earn $1,000.
� It takes only 1 customer buying a $1,000 coaching program.
You can make a lot more money with a lot less effort by simply offering something with a greater price tag … in this case, your own coaching program. It just takes fewer transactions to reach a significant profit level.
And, when you factor in the fact that many customers WANT to spend more money for something limited in nature, for something that provides a level of access, it because paramount that you offer it.
Years ago I heard a speaker (sorry, can’t remember who it was) talk about high- dollar coffee grinders sold at Starbucks®. His point was clear: while not everyone buys the grinders, when one is sold it significantly increases profit. You gotta sell a lot of cappuccinos and lattes to equal the same profit from a grinder.
It was at that moment that I started working on (and eventually launched) my own Six-Figure Formula™ coaching program. I still offer it about 3-4 times per year and it brings in close to
$100,000 just by itself.
My big “reluctance” was that a personal coaching program would take up too much time. But, as I found out, it really didn’t require as much time as I initially
In fact, in just a moment I’ll share something with you that I recently shared with one of my Membernaire Inner Circle coaching clients concerning the time invested in the first model that I’m going to cover in this report.