Considering becoming a business coach. How successful are others, a good choice, franchise or not?
80% of all coaches make less than $30,000/year. Most of them are part-time hacks with little or know marketing skills. The coaches that make the money are business coaches. One of the keys to success is to develop intellectual property that can create passive income and support your live coaching efforts. You need to brand yourself well and be comfortable marketing. Once your business is going you should be able to command $250/hour. I don't know of coaching franchises but there are programs you can license programs until yours is done.
Drop me a note if you have any other questions.
80% of all coaches make less than $30,000/year. Most of them are part-time hacks with little or know marketing skills. The coaches that make the money are business coaches. One of the keys to success is to develop intellectual property that can create passive income and support your live coaching efforts. You need to brand yourself well and be comfortable marketing. Once your business is going you should be able to command $250/hour. I don't know of coaching franchises but there are programs you can license programs until yours is done.
Drop me a note if you have any other questions.
References :
http://www.betterthanretirement.com
http://www.ocswot.com
http://www.richhessler.com