Business coaching: Your boss always gives orders, and you feel yourself like a slave. This is the life of an employee, and this is the reason why you should consider getting out of it. You may able to do this by starting a business, and this can be done if you learn how to start a coaching business.
A life coach business can be challenging, especially because you have to look for profitable clients, and these clients have to reach a certain threshold to make your business sustainable. But where do you start learning how to open a coaching business? What is a coaching business anyway? To illustrate what it is, let me ask you something. Can you do my homework for me? No, right? Unless I pay you. This is essentially how the business of the coach works. I basically pay someone to do my homework, and the person who does my homework would be my life coach.
Here’s more info on how to create your coaching business.
FIND YOUR NICHE
What are you going to teach people? Are you going to coach them in fitness? Financial investments? Meditation? Productivity or weight loss? There are many areas of coaching today, and all you need to do to know if the one you chose is the best one. It can help if you give it a try for a while, though, just to test the waters.
The only way to know if the niche you chose is the one for you is to dive right in. Give it a go for a few sessions and see if it’s something you can do for a long time. Being a weight loss life coach could be hard for someone who has the patience to lose weight but can’t transfer that patience in teaching others to lose weight, too. Decide, then, if what you can do is something that you can also teach others for the long haul.
GET TRAINING ON HOW TO BE A COACH
Yes, there are now training programs that teach you how to be a coach. It’s not a requirement for you to start a coaching business, but it can definitely help. The tools, tricks, techniques, time-saving tips, and even inspiration you can get from the coaches who teach you how to coach people for a living can improve your skills to their next level. The people you meet during your coaching time will be more than enough of a resource in case you need a consultant or guide during your journey as a life coach.
In picking the right coach or training, just look for credibility and certification. The last thing you may want is to get knowledge and skills from a person that has not had the experience in teaching people like you how to be an effective coach.
REGISTER YOUR BUSINESS
The most important part of your coaching business is in making it a legit business. Make sure you know the drill: choosing a business name, getting the right licenses and permits from state authorities, and also making sure that your business license is always up to date with your city or state. It may also help if you get a lawyer with you to read the coaching contracts you have made and the licenses you have filed under your name.
WEBSITE AND BUSINESS INFRASTRUCTURE
You have to understand that the coaching business has a lot to do with the connections or network business. You have to advertise your business on a website and gather all the tools, social media assets, and even video equipment to make sure that the world will find out about your service. There’s no better place to sell your business than on a solid social media, website, or any online platform. Fortunately, all of these won’t cost you a lot.
BUILD A STRONG MARKETING PLAN
When you have made sure that people can find you online, it’s now time to create a strategy that keeps a continuous flow of partners and clients to promote your services. The best way to do that is to figure out the market. Ask around. Go to conventions, exhibits, networking functions, and even parties and see if you have a market for your service that would be a perfect match to the cost and budget you’re charging them. This is where strong marketing plan comes in. A good marketing strategy you have should include a networking plan that both includes offline opportunities as well as online network platforms, such as LinkedIn.
For example, if your coaching business is in weight loss, it’s a great plus if you join gyms and network events about nutrition, and wellness so you’ll find the right people there. Next, you should tap the people who are interested in losing weight that are always watching videos online. If you offer life coaching in weight loss, uploading tips and tricks on a Youtube video will definitely make your business recognizable if you do it right.
MARKETING IS KING
Market, market and, if we might have forgotten it, do it again: market. It’s the only thing that can get you the right client you can help. Getting the first client will obviously be the hardest target in your initial venture to this business, but when you hit it, it will be like hitting gold for the first time. It’s thrilling, and you can keep on feeling that ride when you play the game right.
One way of playing the game right is to offer 15 to 20 minute sessions free of charge. What this does is that it may helps your potential client get a taste of what you can do for them without the costly commitment.
Another way to market the services you offer is by writing and guest-posting. Go to the relevant websites and online platforms that have a solid following, and write guest posts there. You can mention in the guest post you’re writing the list of services you offer, and that is definitely going to attract a good following, depending on the quality of your guest posts.
An additional boost would be to organize workshops, which may be a great way to attract clients to what you offer. The workshops could either be paid or an ex-deal agreement with a sponsor that will both be beneficial to your business and theirs.
Now you know all the secrets of creating the coaching business. It is not as easy doing as you might think. The main thing is to have a strong wish and desire. Don’t be afraid to start your own coaching business, and you will see how your life changes.