Developing Coaching Products

By Gilbert M. Smith


Developing products should be at the forefront of every coach's mind. Coaches that develop products are significantly more successful than coaches that don't. A product is a packaged and branded educational resource. Your product should be targeted to a niche group, and be focussed on solving their specific problems. Your product can be packaged and delivered in a variety of ways.Popular coaching-related products include: eBooks, eCourses, Mini-Courses, Podcasts, Workshops, Seminars, Tele-Clinics, Audio Programs, Webinars, etc.
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Group coaching is one product that you can offer to increase your rate per hour. Group coaching has many advantages for you and for the clients. As a coach you are able to reach many more people when you add group coaching and you are able to earn more per hour of coaching.Coaching clients can pay a lower rate for group coaching and they also benefit from the input of the collective group. There is an electricity and a wonderful group dynamic that is created when people who are trying to deal with similar issues, challenges and goals come together to find solutions. I feel the benefit for everyone increases with well done group coaching.

You'll become less reliant on your time. As a coach, what is your commodity? When everything is distilled down, what are you selling? Coaching? No. Happiness? No. Success? No. Health? No. You are selling your time! Time is your commodity. And when time is your commodity and you are reliant on selling your time, you! r income potential is extremely limited. You can only realistically work 8-hours a day. So the only way to earn more money is to charge more. There is a limit to how much you can charge. And when you stop selling your time (go on holidays with your family; get sick), your income stops.

Special reports and ebooks are great ways to communicate your coaching message and introduce yourself to potential clients. People can get your information and become familiar with you and your coaching at a low cost so there is not great barrier to entry for your coaching. Later they can move to higher priced items.Teleclasses and telecourses are another avenue to reach potential coaching clients in larger groups. Teleclasses based on a particular challenge or goal common to your target coaching niche are a great way to introduce people to your coaching and to get them on the road to solutions.

When thinking about starting your coaching business, it's important that you do not offer coaching programs right away. You need to sell something that is cheap enough that people wouldn't mind trying out.

Start with ebooks. You would want to test the waters first. You would want to see if your potential clients will really spend their hard earned money on your products. As these people will usually not take huge risk on their initial purchases, offer them with something small but truly valuable. I suggest that you start with ebooks that will cost no more than $100. The number of sale that you're going to make will make give you an idea if you're ready to take your product creation endeavor to the new level.

Quality over quantity. It's important for any businessman to ensure that his clients will do repeat business with him over and over again. This will only happen if your customers are extremely happy with their purchases. So, instead of coming up with hundreds of mediocre ebooks, come up with those that your buyers will really treasure. Pack them with amazing information that will really bring difference to the lives or careers of your clients. As you're starting out, I would suggest that you strive to give these people more than their money's worth. This will help in making them remember you for a very long time. Not only that, this will also help in getting these people to recommend your ebooks and coaching services to their friends and family members.




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