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
thought.
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.
So, let’s go ahead and look at these methods.
