6 Benefits To Starting An Online Coaching Business
The online coaching industry is booming with many people looking to profit from their expertise, here are the benefits of starting an online coaching business.
Hi Trish Davies, here from TrishDaviesInternational.com. Aside from being a real estate investor and digital entrepreneur I am an online coach. Also, I am a corporate coach for one of the leading coaching company’s in Australia.
Therefore, I am experienced in many aspects of business, but the online coaching industry really excites me. It excites me because I know first-hand how much of an impact coaching people has on them. Also, from the satisfaction that I receive for making that impact.
Additionally, online coaching excites me because it is something that anyone can do. You, I, and everyone else in the world has value to give to others. That value is the knowledge and expertise that we all accrue throughout our lives. This is what we can share with others and receive financial compensation for at the same time.
What you must understand is that contained within the knowledge and expertise you hold are solutions. You have the solutions to problems that people are suffering from. Whether it be business, wealth, heath or relationships and everything else in between you have the capacity to change lives.
You do that by staring an online coaching business and position yourself as authentic and authoritative. By doing this you attract the right audience that is aligned with your business and your solutions.
Just last week I published an article which shows you how to start a coaching business from scratch. Also I have a dedicate website called BuildYourAU.com which teaches the process of creating an online coaching business.
The Benefits Of Starting An Online Coaching Business
With the two resources I have just mentioned you will gain clarity on the structure of an online coaching business. Today I want to focus on the benefits of starting an online coaching business and there are many.
An online coaching business is a digital asset and entity which you can create by leveraging technology. When you can leverage technology and time you have the recipe to create a lifestyle business. I am sure you will see this over the next few minutes while I share the benefits to online coaching.
Low Start Up Costs
Traditional businesses require relatively high investment of capital to get them up and running. Whether it is a retail outlet or a manufacturing concern you will need to brace your wallet for the impact it will receive.
An online coaching business is the exception to that rule. Your inventory in regard to products and services are contained within you already through your knowledge and expertise.
When it comes to technology then the fact you are reading this article tells me you have access to that tech. Laptops, personal computers, tablets, and smart phones are your tools of the trade so you can leverage them. No need to go out and buy anything else.
You Can Start Today
Unlike the more traditional businesses both online and offline which take time to set up you can start today. A simple Word Doc can be your first coaching product as illustrated in the article I mentioned on how to start a coaching business from scratch.
You will need to do some planning around your business, but you can start as soon as you finish this article. My Build Your AU training program can then help you structure everything correctly.
High Profit Margins
Because the nature of your products and services are either digital or face to face your production costs are low. Therefore, the profit margins can be very high because you are leveraging time.
The time it takes you to create your products and services is your investment. Once you have created them you can sell as many copies as you want with no fulfilment costs.
One on one consultations are premium services. You know the value of your time so you can charge accordingly but I suggest it is worth multiple hundreds of dollars per hour!
An Online Coaching Business Can Be Automated
Much of your online coaching business can be automated by leveraging technology. Your advertising and marketing can be set up to run in the background. That is then linked to your product delivery system, again automated.
The benefits of automation are that it enables you to develop new products and services. Your time is spent on even more income producing activities. Also, your time is freed up to do the things that you love which is priceless.
Freedom On Many Levels
I have just mentioned the time freedom you can enjoy from starting an online coaching business. You will also benefit from geographical freedom as well. When you combine the two you can achieve the freedom to work when you want and from where you want.
One other freedom I want to mention is financial freedom. You have the potential to create financial freedom if you set up your business the correct way. This leads me nicely onto the last benefit of starting an online coaching business.
Starting An Online Coaching Business Means Multiple Streams Of Income
I have mentioned many benefits of starting an online coaching business but there is one very special one. The holy grail to any online business and one you must incorporate into your business.
That is creating multiple streams of income which is achievable through an online coaching business. To give you better context to this strategy I have created an article on how to create multiple streams of income in your coaching business. To learn more, click here and prepare to have your eyes well and truly opened to the potential.
I am sure by now you can see the he benefits of starting an online coaching business. I now empower you to take the action to make it happen. With that in mind I have created a special and exclusive mastermind series which shows you how to start an online coaching business. The video series showcases my Build You AU training program which you can access by clicking the button below.
A life of freedom and choice
Trish Davies
Trish Davies International
Recent Comments