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How to Increase Your Coaching Prices – 4 Ways to Explode Your Business by Increasing Your Prices

Deciding to be in business for yourself was an important decision for you. You are a unique breed understanding that you can make much more money being in business for yourself than you can being an employee. However, there are a lot more tasks required of you as a business owner. One of those tasks is knowing when to raise your prices. In order for you to continue making money and paying your bills like everybody else must, sometimes you’re going to need to increase your coaching prices. You’re also going to need to raise the prices of your products, your classes, and anything else you do that generates money for your business. Keep reading to learn 4 ways to explode your business by increasing your coaching prices.

Instead of procrastinating and try to minimize the real value of your coaching program, except the idea that it’s perfectly good business to raise your coaching prices once or twice yearly. Here’s how to do it:

1. Set your program up using your already established reputation for being a recognized authority in your niche. Of course, do this in a professional yet confident way. No need to act arrogant. When your audience sees you as an authority, they will expect to pay a premium. Think about this idea. If you went to see a celebrity at a nearby coliseum, would you expect to pay $15? No, you’d expect to pay at least $50 or more for a ticket to hear and see their performance.

Believe it or not, as a coach you are often times in a celebrity category when it comes to interacting with the public. You may not see yourself as a celebrity, but your audience does. So, make the most of it and charge your students and customers according to the perceived value of your program content. A high ticket price is expected.

2. Exclusivity. If you make your content available only for select groups (first 50 people, only those who are serious about building their business, only those willing to invest in themselves and develop their raw talent in their niche market, etc.), people will assume the cost to become famous in their niche will come with a price. Make sure you raise your prices as well so you can keep up with the cost of living.

3. Get favorable exposure with other people in your profession. Do this by agreeing to do a joint venture with them. As you do a joint venture coaching program, you can raise your prices after your reputation is compared with the more well-known professionals. The more well-known you are, the greater you can raise your prices.

4. Offer some type of a certification. Then, make the certification renewable each year. This is a different way to raise your prices, through requiring a renewable certification fee. Should you decide to raise prices this way, make sure you offer more value. Your students will greatly benefit from it and so will your business.

By the way, do you want to add a coaching program to your business? If so, download my brand new free training here: coaching program training

Sean Mize is the author of Anyone Can Coach, the definitive guide to starting your own coaching program fast.

Coaching in Business – 5 Amazing and Powerful Methods to Breakthrough With Coaching in Business

Coaching other people within your organization is one of the best things that you can do to grow your business. This can help in increasing productivity rate, in helping employees realize their full potentials, and in making internal communication more fluid and more effective.

Here’s how you can breakthrough in coaching in business:

1. Contrary to popular beliefs, you don’t need to be jack-of-all-trades to become a good coach. An effective coach knows how to ask good questions to help his trainees voice out their innate wisdom and knowledge. Sometimes, people really do know the solutions to their problems and the answers to their questions. They also know how to do certain things on their own; they just need somebody to affirm it.

2. Improve your social skills. There is no way that you’ll become a better coach if you are having a hard time working and communicating with other people. It would help if you get in-depth knowledge or understanding of interpersonal relationships so you can easily connect with your trainees and really understand where they are coming from.

3. Set goals and seek agreement. Before you start coaching, set up the goals that you would like to achieve and get your trainees to agree. Remember, your goals must be achievable, realistic, measurable, specific, and time bound. Write these goals and give your trainees a copy. These goals will act as your guides. You can use them as reference from time to time to make sure that you are still on track.

4. Consider all options. There are so many things that you can do to realize your goals. Let me give you an example; if you want your trainees to improve their relationship with their co-workers, you may opt to help them improve their social skills, you can launch team building activities, or you can get them to work together for a longer period of time until they get comfortable with one another. Present all your options to your trainees and determine which one appeals to them the most. Involve these people in the problem-solving phrase and they are most likely to cooperate 100%.

5. Build an action plan. Once you and your trainees agreed on the best option to take, it’s high time that you build an action plan. In this phase, you will need to outline all the steps that your trainees must take and the kind assistance that you can offer to make sure that they’ll succeed in this endeavor.

By the way, do you want to add a coaching program to your business? If so, download my brand new free training here: coaching program training

Sean Mize is the author of Anyone Can Coach, the definitive guide to starting your own coaching program fast.

Business – 5 Latest Secrets to Grow Your Business

Here are the secrets that you need to know to grow your online or offline business:

1. Great products and great customer service. You’ll easily be able to attract a steady following if you strive to offer your prospects with high quality products and great customer service. People who are doing business with you must feel that they are getting their money’s worth and more. Your products must be useful and they must be working as advertised. Your clients must be able to get in touch with you at any time of the day or night should they have issues or problems with your products or with their purchases.

2. Advertise. There is no way that your business will thrive unless you advertise it. If you are running brick and mortar type of business, you can use traditional media to get the word out. You can place your ads on TV, radio, newspaper, or magazine. However, if you are targeting online users, you can advertise your products and your business using the following internet marketing tools; article marketing, PPC advertising, blogging, forum posting, social media marketing, ezine publishing, email marketing, SEO, link building, banner ads, and paid links. Just make sure that all the tools that you use match the online behavior of your target market.

3. Take good care of your buying customers. The problem with other entrepreneurs particularly the new ones is that they focus too much time and energy on generating new clients that they often take their buying clients for granted. Truth be told, it is much easier to get buying customers to come back compare to getting new buyers. So, take good care of your buying customers. Aside from offering them with top-notch products, make them feel valued too. Send them thank you notes each time they buy from you, offer them with freebies on their birthdays, etc. These things will surely not go unnoticed.

4. Get better at selling. Improve your selling skills to get more people to buy from you. Master the art of persuasion and make more time to build personal connection with your prospects. Keep in mind that once you get these people to like and trust you, your chances of getting them to swipe their credit cards will increase dramatically.

5. Get selling partners. Aside from advertising your business using marketing tools, you can also get the word out (for free) by tying up with people who are selling products that compliment yours. Bear in mind that they must not be direct competitors. You can upsell each others’ products to boost your sales without spending more time and money on your advertising campaign.

By the way, do you want to add a coaching program to your business? If so, download my brand new free training here: coaching program training

Sean Mize is the author of Anyone Can Coach, the definitive guide to starting your own coaching program fast.