I was going to wait a few days but I went ahead and added this now. Free for members.
Listen to the Sean Mize audio of ‘How To Build A Legacy Business’. Free for subscribers.
How to Start a Group Coaching Program
Perhaps you are a 1-1 coach and you want to be able to coach more clients, albeit on a less personal nature than with 1-1.
One of the advantages to group coaching is that you can reduce the price per client.
For example, if you charge $100 an hour for 1-1 coaching, you make $100 an hour in revenue, but only for the small percentage of prospects who are willing to pay $100 an hour.
But with group coaching, you can have 10 clients working on a related project, talk with them each for a few minutes, but most importantly, teach as a group . . . and the breakeven price to you would be $10 an hour for these clients!
That’s right – clients who can’t – or won’t – afford $100 an hour – CAN invest $10 an hour in themselves.
Seriously, as many as 10x as many clients may want to work with you personally, if you can reduce your hourly rate from $100 an hour to $10 an hour – by grouping clients together.
Now, that’s the concept in it’s simplest form, in reality, you would probably create a more formal “group coaching program” where you invite as many as 20-100 clients to participate in a small group, and rather than specifically speak to each client each hour, you teach to the entire group for maybe 45 minutes, then open the call for any questions and answers they may have, for 15-30 minutes.
Many times the question the client asks, is similar to one other clients might ask, so in you answering that question, the others get value – and can apply what you just shared, to their situation.
By adding a group coaching program to your business, you can add value to your subscribers, prospects and market, because the group coaching can flat-out be more affordable than 1-1 coaching.
And of course if a client wants to invest in 1-1 coaching, they can do that as well . . .
And the group coaching sort of serves as a screening device for clients to graduate to 1-1.
In fact, you can require that you only teach clients 1-1 if they have been a part of your group coaching program for some amount of time, say 30-90 days AND have actively participated.
You see, I have found that most clients can get nearly the same training in group as 1-1 if they participate – and personally, I don’t like to have 1-1 clients just because they don’t want to participate in a group!
I like to work with 1-1 clients who are truly doing something interesting and unique, and the group program really allows me to screen prospects for 1-1 coaching with me.
Well, I hope I’ve persuaded you to think about adding group coaching to your mix, as I think you’ll find it increases your revenue AND allows you to help more people at the same time!
The first Sean Mize audio is ready but you must register to hear it. Look under the Sean Mize tab at the top.
I am getting ready to add some new features.
I have been able to pick up videos and audios from some of the marketing industry leaders and will be giving members of the website access to them for free for now. Some of these I will not be able to tell you who they actually are but others are going to let me use their names and they will have a special page just for them.
First on the list is Sean Mize. I am sure a lot of you have heard of him before but did you know he has faith based lectures also for members of his coaching groups? I listened to parts of one just yesterday and I think you will enjoy them if you decide to ever get any of his products.
I will set up his page and start adding the audios and other things that I have and get you familiar with him.
Believe it or not there is a behind the scenes war going on between the large companies and people like us that are competing for the same dollar. If your browser is showing the sites that you are going to as being dangerous I would take that advice with a grin of salt since they do not like a lot of these websites because they are actually in competition with them and they do not want you to go for that reason and no other. The sites I send you too are affiliated with JVZoo and Warrior+ and other big names and if you do run into a malicious website and you complain to the places they are selling through I do think they will be ended so why would they do something stupid like that and risk their business? There are bad people out there but not usually with the big companies.
Welcome to Make Money and Work at Home .com . The name says it all as this site is devoted to providing you with different ways that you can work from home and earn an honest living.
The most famous way is selling digital products and information but there are also many other ways of providing for yourself from big name companies that will let you work from home for them as well.
We plan on sharing with you many different ways that it is possible to work from home and actually eventually make enough to support yourself.