How to Become a Business Coach
How to Become a Business Coach

Start and Grow an Ultra-Profitable Business Coaching Practice

By on November 1, 2020
profitable

In the past, if you wanted to start and grow an ultra-profitable business coaching practice, this is what it took:

A degree in business. Decades of executive experience. A business coaching franchise. At least $100k in your start-up war chest. Years of struggle until you finally had enough clients that you weren’t constantly in a panic about where the next one was coming from.

Many new coaches simply didn’t have the magical combination of time and money to make it happen. It’s no wonder that some estimates of the business coach failure rate were higher than 50%.

But not anymore! All that has changed.

The rise of the internet, and the availability of smart, savvy, and affordable business coaching systems—for both you AND your clients—have changed the game.

But most business coaches don’t know where to turn.

They struggle to attract and retain high-paying clients, ending up panicked and scattered. 

They think:

Maybe I need to post more on social media…

Or maybe I need to spend more time cold-calling…

Or maybe I need to join my local Chamber of Commerce…

Or maybe I need to hire this guru or that expert…

And so it goes. Until you’re burned out or washed up.

But there’s a better way.

It starts with knowing exactly WHO your best clients are (and no, you can’t be all things to all people)…followed by a sleek and simple marketing strategy to attract and convert those clients…and capped off with a business coaching curriculum that is PROVEN to work, so that your clients stay, pay, and refer for years to come.

Why Can Business Coaching Be So Profitable?

Business coaching is one of the most promising fields for an ultra-profitable lifestyle business because:

  1. In a world of non-stop information, entrepreneurs and business owners desperately need help from trusted business advisors to sift and sort that information and apply it in their businesses…
  2. As a business coach, you can work from anywhere in the world with an internet connection and a laptop…
  3. If you do it right, you can build more than just a solo-preneurial practice if you like. You can build a SELLABLE asset, a business coaching firm like the one I sold for $1 Million about a decade ago…
  4. Business coaches are trusted, highly-valued advisors who bring tremendous value to their clients AND the world, by helping small businesses succeed. Entrepreneurs and business owners are willing to pay dearly for this.

To succeed in coaching, you don’t have to have an MBA. You don’t have to be a Fortune 500 executive. You certainly don’t have to buy a franchise. And you don’t even have to have prior coaching experience.

What you need is an open mind…some basic business savvy…and some hustle.

 

To succeed in coaching, you don’t have to have an MBA. You don’t have to be a Fortune 500 executive. You certainly don’t have to buy a franchise. And you don’t even have to have prior coaching experience. What you need is an open mind…some basic business savvy…and some hustle.

If you’re thinking of getting started in the field, download our FREE ebook, How to Become a Business Coach and find out if it’s for you.

Wishing you all the success in the world!

Eric Dombach

About Eric Dombach

Eric Dombach is the Founder of Coaches’ Coach. In 2001, he founded a business coaching firm that, by 2005, was generating more than $1 million USD in revenue, 23% operating profit, and average annual growth rate of 140% per year. In 2005, he sold the firm to 4 of his employees for $1 million U.S. dollars, generating a return on capital of more than 800%. Since then he has trained more than 1,300 independent and franchise business coaches in the United States, Canada, Mexico, Europe, and Australasian markets.

You must be logged in to post a comment Login