What coaching businesses are the most successful?
This is Part 1 of a four-part series about the most profitable niches in the coaching industry. Many of us are noticing that it’s a pretty tough economy out there right now, so which businesses are still thriving and why?
In this series, I’m sharing what niches are making the most money right now and how they’re doing it. I’m specifically looking at business models and niches that are still experiencing 40%-70% profit margins and making more than $200,000 a year. If that’s the kind of success you’re looking for, stick around.
I’m talking about current buying patterns among consumers, who you should be selling to, what you should base your offer on, and so much more.
Topics We Cover in This Episode:
- Why you don’t need to lower your prices because of the economy
- The experience you need if you want to be a successful business coach
- Identifying what you look for in a business coach
- Creating an offer based on your results
- The importance of having confidence in your process
- Why you should be creating an offer for your peers
- Who has the most success in business
- What to base your program pricing on
If you’ve been seeing other coaching businesses struggling to stay afloat in the current economy and you’re worried about what that means for you, this episode has the answers you’ve been looking for. Tune in for some inspiration and advice on how to maintain a profitable coaching business in 2023.
If you’re a business owner with three or more years of expertise in your area and you want to launch your program and enroll new high-ticket coaching clients in the next 90 days, the Lean Launch Cohort is for you. Find out more and apply for the next cohort at www.jereshiahawk.com/cohort.
Resources Mentioned:
Apply for the next Lean Launch Cohort
Additional Resources:
Apply for LEVERAGE with Jereshia Hawk
Download my freebie: How to Know if Your Niche is Specific Enough
Other Episodes You’ll Enjoy:
195. Why Charging More Is Morally Right
193. Is Your Messaging Working? | Auditing YOUR Content & Messaging
191. Elevating Your Content: How to Market to Sophisticated Buyers
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