7 tips to earn full-time income as a coach.
Francis Mbunya, PhD
Helping Aspiring Scrum Masters Land Their Dream Jobs in 90 Days | Proven 1-on-1 Coaching | SAFe & Scrum Expert | 5X Author | Book a Free Agile Career Strategy Session!
How I earn full-time income as a coach.
Are you interested to learn how to earn a full-time income as a life coach? I am an author coach. I help coaches and entrepreneurs write, publish and market a book that makes a difference in their life. A book that makes the difference is a book that enables you to earn a full-time income as a life coach. Who is a coach? A coach is someone who has a solution to a real-life problem and knows how to guide someone to the solution using processes and systems. This also means that many coaches are unable to earn full-time income not because they do not know what they are doing, but simply because they lack processes and systems that enable them to continually get clients who are hungrily looking for the solution(s) they have.
Before I could earn a full-time income as a life coach, I had been struggling for a very long time to convince prospects that I could help them. Even when I succeeded in some cases to convert these leads to clients, it was very challenging to get them to pay me the value I was worth. In my search to earn a full-time income as a life coach, I stumbled upon a video by Dr. Angela Lauria of the Author Incubation. She, later on, became my coach and taught me all that I teach today.
The answer you are looking for to earn a full-time income as a life coach lies within you. All that you need to do is to discover who you are and your value. Dr. Angela Lauria made me understand the only reason I was struggling to earn a full-time income as a coach was simply because I was unable to establish my value in front of the right people who had the money I was looking for. She coached me on how to be able to establish this value by writing a book that makes the difference, and I can use that book to establish my value. I wrote my first book that has made the difference in my life and the lives of many others titled "Skyrocket your business at zero cost." Through this book, I was able to launch my own online business and today I earn full-time income life coach and I have helped many people to replicate the same process. I have written another book titled "A Million Dollar Author's Path" that lays out a step-by-step process on how you can write a book that changes lives. You can download the book for free. You can also register to attend one of our next webinar where I will be teaching you this approach in a live session.
In the steps below I have outlined 7 tips to help you learn what you can do today to earn a full-time income as a life coach. However, I would like to point that while these steps can be applied to achieve outstanding results independently, science has proven that only 10% of people normally start a process like this and go through successfully without the help of a coach. My advice for you is that if you want to earn a full-time income as a life coach in as little as 9 weeks or less, then hire a coach. It does not necessarily need to be me. Someone who is already making the difference as a coach and who has valid processes and systems alongside the capacity to deliver the results you need.
1. Identify your core value.
Identifying your core value is the first step to earn a full-time income as a life coach. This is truly simple for the fact that anything of value costs money. When you think about gold, the first thing that comes to your mind is value. The same with a diamond ring or a private jet. Your ability to earn a full-time income as a life coach is based on the identification of what values you possess that could create outstanding results. After identifying these core values, you need to invest time and money to develop them. The fastest way to go about it is to work with someone that is already doing it right.
Identifying your core value is the first step to earn a full-time income as a life coach. This is truly simple for the fact that anything of value costs money. When you think about gold, the first thing that comes to your mind is value. The same with a diamond ring or a private jet. Your ability to earn a full-time income as a life coach is based on the identification of what values you possess that could create outstanding results. After identifying these core values, you need to invest time and money to develop them. The fastest way to go about it is to work with someone that is already doing it right.
The decision to earn a full-time income as a life coach is based on your ability to invest time and money together. "The greater the pain, the greater the gain." The reason many coaches still struggle with finding prospects and leads is because the value they offer is generic and of less value. In this case, the solution they offer is equated to what the prospect could get through a self-help book. The willingness for a prospect to invest in solving a solution with you and the amount of investment they are willing to invest is proportional to the value they see in you. Full-time income as a life coach means full-time value to your clients.
2. Identify an ideal client.
To earn a full-time income as a life coach, you need to identify and understand the person who values and need your services the most. The mistake many coaches make is having the thinking that they have the generic solution to any problem. Although being a master of all trades is good, the attention is always given to specialists. For you to earn a full-time income as a life coach, you have to become a 'specialist coach'. You can identify who is your ideal client by having a good understanding of who they are and why they will invest their time and money in solving the problem. Some simple but powerful questions you can ask to identify your ideal client include:
- What problem I am solving?
- Are there people out there spending money to solve the problem?
- Who is one person I know that is going through this problem?
- What is their name?
- What is their age?
- Where do they live?
- What is their job title?
- What is their hobby?
- What else do I know about this person?
These questions give you the clarity and the confidence you need to lay the foundation of creating a program that will enable you to earn a full-time income as a life coach. Although they are a couple of other things, you need to know and do after having a good foundation and understanding of your ideal client, and this is always a good point to start.
3. Identify the problem of the ideal client in their own words.
Your ability to earn a full-time income as a life coach is based on how well you understand your ideal client's problem in their own words. Understanding the problem in the words of the ideal client is very important because it helps you see the problem the way they are seeing the problem. You will agree with me that naturally, we are more attracted to the people who see things the way we see them and people who can use the same slangs we use.
Understanding the problem in your ideal client's words simply gives them the assurance that they are in a safe space. This creates a safe environment for them to share their fears. Immediately your ideal client feels safe, their problem is 80% solved. This is because what keeps them in the problem is fear. For them to solve it, they need to get rid of the fear of failure. When you help them solve the problem, you are on your way to earning full-time as a life coach because they can confidently talk about how you helped them overcome their fear of others going through the same problem. Guess what happens after. You create a stream of a continuous flow of happy clients who are happy with their results.
4. Identify the dream come of your ideal clients in their words.
To earn a full-time income as a life coach, you need to understand what your ideal client needs to make their dream come true. This can be achieved effortlessly when you understand your value, their profile and the problem they are going through as we have discussed above. The dream come true of the ideal client in other words simply means asking the question 'if your ideal clients could tap their fingers and a something magical happens what will they wish'? The dream comes true should always be in the words of your ideal client. If you understand a bit of sale, you will agree with me that your ability to close any deal is when you meet your prospect at the point of their needs. To earn a full-time income as a life coach, pay very close attention to the dream come true of your prospect while in the 'salesroom'.
5. Identify the results you can offer your ideal client with 100% confidence.
To earn a full-time income as a life coach, you need to be 100% confident in the results you are promising the prospect. This is what informs the buy-in of the prospect. Your results need to be the dream come true of the prospect. To be able to find out if you are confident in the results your program is offering you need to ask yourself the question 'can I confidently tell the prospect that if they follow my program, and it does not deliver as promised they can request for full refund'? This validation is very important for anyone who offers a high ticket program. Your chances to earn full-time income as a life coach are high if your program is a high ticket program. It is also linked to your ability to deliver the result with 100% confidence.
6. Have a simple process with a clear outcome.
To earn a full-time income as a life coach, you must have a simple process that will help in the implementation of your results. Processes are game-changers in delivering results effortlessly. This is because you can easily track the results and identify if they are any breakages during implementation and fix them on time. The Processes listed above will guide you to deliver the results to your clients. The reason I will be very confident to tell any client that I can help them write and publish a profitable book in 9 weeks is that I have a process that enables me to do that and I can track every step using key performance indicators. Thus, to earn a full-time income as a life coach, you need to have processes supported by systems.
7. Learn how to sell.
To earn a full-time income as a life coach, you MUST understand how to sell. Selling is not about asking a prospect if they are willing to buy. It is the opposite. It is your ability to get your prospect to raise up their hand and ask you how much it takes to get the results your program is offering. Selling is all about results and nothing about the price. This also means that your ability to earn a full-time income as a life coach is based on how well you craft the result into your program. It starts with the 7 tips outlined above.
If you are interested to learn more about how you can earn a full-time income as a coach, you can also check other results on my YouTube Channel. You can also connect with me on LinkedIn for a more production engagement.
How can you take action today to earn full-time income as a life coach?
Join one of our events to fast-foreword your results:
1. Master Class on how to write a profitable book
2. Download for free our author workbook
3. Schedule a one-on-one with Dr. Francis to learn how to start today.
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4 年Fantastic post, worth the reading time and thank you for posting!