A big question I hear from coaches all the time is “Coaching prices seem all over the board. How do I determine the right price for my packages?” There are many factors that go into determining pricing, and some of them can feel a little grey. Let’s take a look at some of the biggies. 1) Your Offer Obviously, the first thing to look at is what your offer is and the value of that offer. What’s your package? How … Read more…
My two favorite marketing strategy approaches for coaching practices are what I call “Credibility Marketing” and “Relationship Marketing.” In my experience, these are the two types of marketing strategies that work best because they both rely on a coach’s natural proclivity for creating meaningful dialogue and connecting on a deep level with like-minded people. I talk about Credibility Marketing A LOT because I am a big fan. So today, I’d like to focus on Relationship Marketing, which is specifically based … Read more…
Recently, I wrote about the myth of social media. My intention was to explain that, no, you don’t have to use social media for your business if you don’t want to! (It’s worth a read if you haven’t been enjoying the experience of social media) That article received an overwhelming response. Coaches emailed me with heartfelt thank you notes, saying things like, “I am so aligned with this. It’s really nice to hear from a business coach that it’s okay … Read more…
You don’t have to use social media in your business if you don’t want to. I recently started with a client who has been putting a ton of effort into social media. In our intake and strategy session, she admitted that she doesn’t even go on social media personally anymore because it just doesn’t resonate or create deep connections for her. However, she felt that she “had” to post on social media for her business. I simply don’t think that’s … Read more…
Often, when I speak to my clients and prospects, they know what they want, but they don’t have a plan to get it. For instance, you may want to enroll six new clients in Q1, eight new clients in Q2, and launch a training program in Q3. Those are all great goals, but do you have the underlining strategies outlined to get you there? Without a clear plan, most people will end up throwing spaghetti at the wall to see … Read more…
I recently invited guest speaker Mark Butler to present to my mastermind group (no relation, but Butlers are cool!) Mark is a bookkeeper for professional coaches and a CFO to a select number of coaches with large-scale businesses. During his presentation, Mark said that there are three components to a coaching practice: Marketing (Business Development) Client Enrollment (Sales) Fulfillment (The Client Experience) Mark said, “80% of the investment that coaches typically make in their business is on the customer experience … Read more…
