Coaching Tools to help Coaches Get More Coaching Clients. Suzan Schmitt: The Coach Marketer

Power Up Your Coaching Income with Multiple Income Streams

December 30, 2008

Stop trading time for dollars! If you have been coaching for very long at all you have come to realize that, your time will place a limit on your income. Some coaches are able to charge extremely large amounts for coaching but the vast majority of coaches have to stay competitive with their market. To increase your income likely you will have to coach more hours then there goes you freedom and flexibility. Multiple streams of income will increase your revenue without increasing your work hours.

What multiple income streams are possible for coaches?

All coaches should have a niche that they specialize in and within that niche; there are multiple topics to focus on. For example, I coach coaches on how to grow their coaching business so possible topics are, marketing, introductory sessions, pricing, internet marketing, networking, sales, writing and many more. Each one of these topics is a possible product. You can learn a lot more about earning multiple streams of income in my home study course "Coaching Business Blast Off"

What is a product?

You can and should develop several products from any coaching topic within your niche. A coaching product can be

an eCourse, teleseminar, eBook, book, workshop, or special report.

How do I create a product?

I suggest you start with a blog. A blog should be used as your coaching central station. You can give information about your coaching business on the “home” page of you blog then write frequent blog posts about subjects of interest to your niche coaching market.  Writing in your coaching blog 3-5 times a week will also help your search engine rankings because the search engines love fresh content. You clients and potential clients can see you as an expert and get to know you through your blog posts.

You can create articles from your blog posts by adding to apost or combining two related blog posts to form an article. Posting articles about your coaching business niche on www.ezinearticles.com is a fantastic way to reach people interested in your topic and position yourself as an expert.

Related blog posts are easily transformed into content for a teleclass, telecourse, eCourse, workshop or eBook. Get creative in using all of these communication and teaching tools and you will gain clients and expert status quickly. 

How do those products increase my income?

The first way to increase your income and to fill your coaching calendar is to speak and do workshops. Speaking is the single fastest way to fill your coaching calendar. You can speak free and hope to get clients through the speaking engagement or you can charge a fee as a speaker. Be sure to have a method to collect contact information from the people at your speaking engagement. Make an offer that will make them eager to give your their contact information.

You can promote related products and earn commissions on your blog by affiliating with others who sell complimentary products.  You can search resources like Clickbank to find related product that will earn you comissions. Teleclasses and eCourses draw a great income through internet sales. All recorded courses can be sold as internet products or as study at home products after your presentations.

These are just a few of the ways you can double or triple your coaching income by being creative and planning how you will repurpose your ideas to earn more with each idea.

If you enjoyed this post then you will enjoy "How do I Build my Contact List".

 

Related posts:

1. Power Up Your Coaching Business with a Power Team
2. Coaching Information Products Increase Your Income and Reach Customers
3. Increase Your Income Dramatically with Coaching Information Products
4. Generate More Coaching Income with Multiple Streams of Income
5. Multiple Coaching Products and Multiple Streams of Coaching Income

Filed under: Increaseing Coaching Income

Tags: coaching, get new coaching clients, life coach business, marketing coaching, suzan schmitt the coach marketer