Life Coach firm - How to create Passive revenue
A life coach business, like any enterprise needs multiple earnings streams to truly follow in this day and age. Other than corporate coaches, most life coaches are billing around 0 to 0 per hour, according to the International Coaching Federation (Icf). Not bad pay. However...
If you rely solely on this you are locking yourself into working "x" estimate of hours for the earnings you want, when instead, you could be chance up further streams of earnings that are not dependent on "billable time."
You could be on vacation, and the earnings would still be flowing. Wouldn't it be nice to have earnings arrival into your Paypal account, as you relax on a sunny beach halfway around the world? This is called passive earnings because it takes no attempt to produce once you have all things in place.
And, no this not some kind of Life Coaching Mlm System.
I'm talking about direct sales - through your autoresponder emails and your website. The personal amelioration industry, like the life coaching industry, is huge and swiftly growing. Products like inspirational books, goal tracking tools, Dvds and vision boards are the type of products that can advantage your clients.
As a life coach, you will get to know what type of products can best serve individual clients and advise them. There are also personal amelioration products that are helpful to most of us and communicate directly to life coaching.
For example, vision board software is ideal for those who advantage from daily optical reminders of their goals. The larger your life coach business' subscription list, and the more traffic your site receives, the greater the possible for sales.
What type of products will be most helpful to your clients and those who opted into your email list? Any informational stock that helps your clients and subscribers define what they want in life, set goals and reach those goals. The sky's the limit, but you can refine to have life coach enterprise products that best reflect your coaching style and philosophy. These motivational and inspirational products may come in the form of:
Life Coach firm - How to create Passive revenue
eBooks
Mp3s
Dvds
Workbooks
Video Board Software
eCourses
Evaluation Tools
Goal Setting and Tracking Tools
And more.
Where Can You Find These Life Coach Products?
Depending on the time you have ready and your skills, you can originate them yourself or you can purchase possession to sell as your own. Alternatively, you can come up with the ideas for your products and outsource the creation of them by using a reserved supply like Elance or Guru (where you put your project up for bid).
In the case of the downloadable products, you only need to one copy, which means you save a great deal. Plus the value of downloadable products if often perceived as higher, and there's no waiting time.
Searching for life coaching products (I don't recall the exact query I used, but I think it was "coaching products") I found Sean McPheat's Royalty Free Products. Sean is a customary life coach who has been on the Bbc, Itv and Cnn International, and he sells a large container of royalty free (in other words you keep 100% of the profits), downloadable products you can brand and in turn sell to your clients. This is just one example. You can find more.
Become a Life Coach Affiliate
Additionally you can sell products to enhance your clients' and subscribers' as an affiliate for online distributors like Your Success Store.
Your Success Store is a mega online store with personal development, financial, sales and work products. As an affiliate, you put links in your emails and on your site, and get 10% of the sales. They sell tickets to seminars, as well as books, Dvds, Mp3's, ezines and more featuring well known personal amelioration leaders like Bob Proctor, Zig Ziglar, Mark Victor Hansen and John Gray, to name a few.
Vision Boards for Success
A super favorite stock that can originate a nice passive, earnings stream is the vision Board, and the distributors have a very nice, two-tier affiliate plan with 40% commission for first tier. vision boards or treasure maps as they are also called are a suited - and fun! - way for your clients to visualize your goals and dreams on the computer scream (or printed out). This is the best vision board software I've seen and is recommended by motivational speakers like Bob Proctor and Jack Canfield.
Life Mastering has yet other personal growth store with life coaching products you can sell to your clients, such as a workbook that Jack Canfield, the world's leading coach, helped to originate Life Lessons for mastering the Law of Attraction. Life Mastering also has software for creating digital vision boards.
Solution Box also has a estimate of great products and programs for life coaches - some of them free. They also offer a coaching affiliate program.
Mark Victor Hansen, the co-creator of the Chicken Soup for the Soul series, offers a great seminar where he will teach you how to originate a Ny Times best-selling book - and begin your work into the stratosphere. You can also become an affiliate for his products.
So as you can see, there are any ways to boost the earnings of your life coach enterprise and enhance your client's progress.
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