Why The Online Coaching Business Model Offers Huge Opportunity
Coaching online, is it a dream or reality? Coaching online is a huge opportunity! Here is why the online coaching business model is so attractive.
Hi Trish Davies here from Trish Davies International & Build Your AU. Online coaching is the perfect opportunity to either create a really nice side income or to replace your full time salary.
Now the great thing about online coaching is that you can start creating your online coaching business model today. That may sound inconceivable at first but think on this for just a moment.
You already have the material for your online coaching business. The nature of coaching is to pass on your expertise, achievements, success and experiences to other people.
People who are in need of solutions to problems that they are experiencing. Problems that you have already overcome therefore you have the credentials to become an online coach.
Therefore, creating an online coaching business model is relatively uncomplicated. What needs to happen is for you to realise just what natural talents and gifts you already have. Then transferring those experience and expertise into an online coaching business model.
Before we look at how your potential online coaching business model could look like lets look at what online coaching is.
What Is Online Coaching?
Online coaching is the process of transferring your knowledge and expertise to others by leveraging technology. It is also making an impact on other peoples lives by helping them achieve their goals and reach their desired outcome. To reinforce what I have just said take just a few minutes to watch my following video.
Why Coaching Is Important | Create Your Own Coaching Business Model
Register here for my free 9 step program to create your online coaching business model.
The Online Coaching Business Model
By now you have clarity on what online coaching is all about. What I want to do now is go through how an online coaching business model takes shape. I will look at structure, products and services and pricing points but you must start with an idea.
You may well have an idea for online coaching, if you haven’t then my free program will help. That idea falls into a niche which is a tiny segment that people have the same interests in.
That niche has multiple problems that need solutions. A basic supply and demand principle. That demand will revolve around the skill sets you already have. Your skill sets are the foundation for your coaching business, this is what you will share.
As I said earlier creating an online coaching business is simple. You coach and teach what you already know.
Once you have your niche, your idea in place you must look at how you can create products and services. When it comes to products and services the emphasis will be digital and not physical. This is a huge benefit for online coaches as there is nothing physical to produce and ship which returns huge margins.
Product & Services Examples
Digital products usually come in the following formats, but I have included a physical option –
- eBooks
- Audio Courses
- Video Courses
- Video Masterminds
- One On One Coaching
- Retreats & Seminars (Physical meeting when regulations allow)
You will use all of these product and services options at some stage in your online coaching business model. I say this because the nature of this business structure relates to the pricing points you attach to each product or service.
When you look at the list above the top product is an eBook which usually commands the lowest price point. Anything from $FREE – $100. As you work down the list the price increases at each increment, and you effectively create a product funnel.
More people will buy the lower end products or services which creates good cash flow for you business. There will be lower take up on the bottom two examples, but you will be commanding tens of thousands which creates leverage in your earning potential.
Technology Needed
Now you may look at this list and wonder how you create these products and services. Much of the technology you already have with the devices that you use. You will have a word processing program; you will have cameras and microphones installed on your device.
These are the fundamental tools you need but is advisable to upgrade certain one to give better quality. High definition cameras and microphones are inexpensive and create a high quality end product so look into those from the outset.
Masterminds and your one on one coaching services can be done through applications such as Zoom. It’s a very cost effective program that enables you to conduct business from where you are anywhere in the world.
Payment processers such as Stripe or PayPal can be linked to all your products and services. They can also be linked to your calendars to create a fully functioning automated business.
Hopefully by now you can visualise how your online coaching business model can be structured. This can all be done from your home office. It is just a matter of creating systems that work on auto-pilot for lead generation, sales and product delivery.
Online Coaching Business Model Complete Solution
What I have shared with you today is how you can set up your online coaching business model. Believe me you can work this out for yourself, but it will take you time to connect the dots so to speak.
To reduce that timeline and your learning curve I have a complete solution to help you. My free 9 step program is a hybrid online coaching business model solution. What I do is extract everything that is great about you to showcase your authenticity and authority.
Then I will show you how to out your online coaching business model together. Right from start to finish. Then I will show you how to attract your specific audience to your online coaching business. My program will take away any doubts you have on what to do, when to do it and how to do it.
The program is the launch pad for your online coaching business model. All you need to do is press the launch button which you can do by clicking here. This is a multi-billion dollar industry as I mentioned in my video.
This is your opportunity to position yourself in the industry. Take that opportunity right now and register for my free program and I look forward to connecting with you on the inside.
A life of freedom and choice
Trish Davies
Trish Davies International
Recent Comments