Secrets Of Using Your Life Coach Fee As A Coaching Opportunity

Any potential coaching client is likely to ask about your life coach fee. In fact, whether it’s a complimentary session or a conversation in a supermarket, you can expect to be asked what you charge. In the supermarket you might offer a complimentary session and say you will discuss your fees after finding out exactly what the person needs. But how do you handle it when it’s the first question in a complimentary session? Do you come straight out with an amount per hour, or perhaps a monthly program fee? Or do you avoid the question and try to steer the conversation in another direction? What’s the most effective way to handle a question about your life coach fee when it comes at the beginning of a complimentary call, instead of at the end?

The Problem With Asking About Your Life Coach Fee Early On

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What does it mean when a potential client asks about your life coach fee towards the beginning of the conversation with you? It means he is making the price of your services the most important part of his decision making process. The question shows a kind of short circuit in his thinking. He isn’t even bothering to find out if coaching might be of value to him, let alone find out if you are someone he would like to work with. What does that mean about how he makes other decisions in his life or business? What does it mean about the value he places on himself, his happiness, his personal development? How does he make decisions on other kinds of relationships–does he consider how well he relates to people, their level of integrity, how well they can provide whatever it is he expects from them, or does he just look at the cost?

Coach Your Potential Client To Use More Criteria Than Cost

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Help potential clients to see your life coach fee as an investment in themselves. You must be the investment coach and get them to take the time and make the effort to see the value of what you are offering. Create the opportunity for them to consider all the factors other than cost that should influence their decision. Will they get what they want from coaching? Will they get it from coaching with you? Is now a good time? What will coaching change for them? Are they ready to change it?

In the end, your life coach fee may be more than your potential client can manage. But when you avoid quoting a number until the end of the session, you have the opportunity to offer some life changing coaching and perform a great service for another human being.

By the way… you’re invited to claim your FREE step-by-step “30-Days to Become a Coach” video toolkit. Just go HERE now to get your 30-day coaching blueprint videos.

Dorine G Kramer
JTS Advisors Strategy and Accountability Coach

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Life Coaching Business: Use An Enrollment Script To Get The Life Coach Fee You Deserve

In your life coaching business, using an enrollment script can be helpful in getting the life coach fee you deserve.  When I help coaches start their life coaching business, often get a lot of resistance to using an enrollment script.  The number of coaches that use a word-for-word enrollment script is very small, even though you already use an enrollment “script” at the end of a free session.  The question is, have you drifted into it or have you engineered it to be as effective as it can be?  If you have not engineered your free session script, you will have a difficult time getting paid the life coach fee you deserve.

Life Coaching Business Fact:  The Most Successful Coaches Use an Enrollment Script to Maximize Their Life Coach Fee

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Coaches give many reasons for not wanting to use scripts in their life coaching business.  The number one reason for not using a script is fear of sounding canned or rehearsed when trying to get their life coach fee.  Here is the truth.  The most successful life coaches use scripts in their life coaching business.  You would never know that, because they are so good at the script, that they BECOME the script.  Just like your favorite movie or song, they understand that to get the best life coach fee, you want to use the most effective words possible.

Using An Effective Script To Get Your Life Coach Fee Will Win You The Life Coaching Business Oscar

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Using an enrollment script in your life coaching business has one really large benefit.  It allows you to consistently get a prospective client to pay your life coach fee.   Think about an enrollment script the way a great actor or actress would think of a movie script.  They BECOME the script.  They are so good at it that many people that meet them in real life expect the actor or actress to act like they are in the movie.  Use an effective enrollment script for your free session, every session.  I want you to be so good at it, that if they gave an Oscar for the best life coaching business in the world, you would be the one to receive it.

Kris Thompson

JTS Advisors Strategy Coach

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Life Coach Fee Scandal: The Naughty Life Coaching Business

Scandals From The Top Life Coaches in The Life Coaching Business

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Why are you reading this?

Do you want to earn a higher life coach fee, or are you starting a life coaching business? Are you just curious what ‘scandal’ I’m speaking of in the title?

Scandal has a lot to do with how a life coaching business can get more clients and begin to charge a higher life coach fee. Let me illustrate:

What do all these headlines have in common?

  • ‘Well-loved’ priest dead; police suspect homicide
  • Documents: Wife says balloon dad plotted hoax
  • Bank failures rise past 100 for 2009
  • Farmers sell wives to pay debts in rural India
  • Ice skating bear kills Russian circus staffer

They are all from CNN’s front page of their website, and they all use some form of SCANDAL to grab the attention of the reader. Scandal is about anything that would automatically grab your target market’s attention. In the general market of the news, that usually means death, lying, success and failure, money, sex, and conflict.

To Charge a High Life Coach Fee, You Need Your Client’s Attention

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Most life coaches are running around hunting for business. Hunting for more life coaching business takes all your time, and it doesn’t create an environment where you can charge a high life coach fee.

The environment for a high life coach fee is one where you have a lot of hungry prospects wanting to work with you. There will always be a small percentage of a group that is willing and able to pay quite high fees for what you supply, and therefore, if you have a large enough group wanting your coaching, viola! You are now charging a higher and higher life coach fee.

Life Coaching Business is Naughty?

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Scandal is only one way of getting your client’s attention, but the reason I brought it up here is that coaches are known as ‘purists;’in other words, they are IN LOVE with the coaching that they do and the last thing they want is to sully their craft with scandal or some other device to get people’s attention.

Many life coaches think using marketing or publicity tactics are ‘naughty’. If that’s you, you’ll need to change your mindset to get by as a coach, no matter how good you are.

Keys to a High Life Coach Fee: 3 Ways to Get Attention:

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  1. Scandal
  2. Specific Benefit
  3. News (new information never offered before)

If you are willing to shock your client into giving you their attention, you’ll have lots of prospects following your blog or newsletter.

If you offer very specific benefits to your client (i.e. benefits that THEY want), then you’ll get their attention. Be careful not to be generic.

What do I mean by generic? Here’s an example:

If you’re looking to get chiropractors’ attention (you coach chiropractors on expanding their business), don’t just send out a headline that says: “How to Get More Business”. That’s a generic benefit that thousands of marketers are using. Those chiropractors see that headline probably every day. Use something more specific to chiropractors like: “The One Mistake That Costs Chiropractors 10 Clients Every Year”.

Information and up to date news is something that everyone wants, but just remember that news is only news when it is news to YOUR prospect. Make sure you ask yourself, “Does my prospect care about this information / news?”

Life Coaching Business Mistake: Squander The Attention of Good Prospects

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Once you’ve got the attention, your work isn’t done. You’ve got to keep your readers’ interest and have them take some type of action so you can either sell them on your life coaching business or keep in future touch with them to cultivate the relationship. (You will, of course, see that there are several offers on this blog that encourage you to stay in touch with me, for instance.)

Attention is only one part of the game, but for many coaches in the life coaching business, it is one that they tend to miss. If you want to charge a higher life coach fee, then learn to attract attention of the right people like crazy, and you’ll be heading in the right direction.

Jeffrey T. Sooey
CEO, JTS Advisors
Founder, Coaches Training Blog community

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What Should My Life Coach Fee Be? Setting Prices in Your Life Coaching Business

Life Coach Fee Dilemmas: What to Consider When Starting Your Life Coaching Business

The life coach fee you charge is the one single greatest factor that will impact your life coaching business.  No matter what you are making in your life coaching business at this time, you’ve got to think of the most important thing when considering your life coach fee: Your Client!

This includes:

  • Your coaching client’s budget for your life coach fee
  • Your coaching client’s motivation to purchase services (at all) from your life coaching business
  • Your coaching client’s chance to improve their income
  • Your coaching client’s possible ‘coaching duration’ (how long they might stay in coaching)
  • Your coaching client’s willingness to pay a particular life coach fee

The Life Coach Fee For One on One coaching

One of the myths in the world of life coaching business is that the higher your life coach fee, the better and more profitable your life coaching business will be.

NOT SO!

The higher your life coach fee, the harder it is to keep your clients for longer periods of time.  If your expertise in your life coaching business is pulling in brand new customers all the time, and you’re good at that, then by all means, charge exorbitant life coaching fees, but if you want to work by referral in your life coaching business, and you want to keep your life coaching clients long term, then you’ll need to think deeply about how affordable your life coach fee is going to be.

For instance, if you charge $250 per month for your life coaching services, then it’s much more likely that your client is going to continue working with you, even when they have a dull coaching month, because for them, $250 per month may not become a big consideration for them (although there are plenty of broke people that might consider even THAT life coach fee expensive).

If you charge $1000 per month for coaching, then you’d better ‘deliver the goods’ (and probably help your client make more money in the process!), or your client is going to run for the hills very quickly.  Even high end clients won’t spend $1,000 per month without getting tremendous value in return.  They’re not ‘cheap’ mind you, they just expect even more for their dollar (that’s probably what got them to the point where they could afford those kinds of fees anyway).

The Way Your Life Coach Fee Changes for Group Coaching

The nice thing about running a group coaching practice is that your life coaching business is not dependent on just a handful of clients.  One or two clients can come and go and it’s really no problem, because you’ve got so many clients in your life coaching group.

When considering your life coach fee for your group coaching programs, remember that group coaching is usually not quite as effective as one on one coaching, so if you want to charge more than, let’s say $200 per month for group coaching, then the information you provide better be highly valuable (the perceived value of the information will outweigh the higher cost in the mind of your coaching client).  For most coaches, they are going to charge UNDER $200 per month for their group coaching services.

A life coaching business seldom starts out with the primary focus on your life coach fee (unless you really think that starting a life coaching business is a cash cow).  However, your life coach fee can dramatically change the quality of your life coaching business for the better or the worse.

By the way… you’re invited to claim your FREE step-by-step “Master Coach Blueprint” video toolkit. Just fill in the form at the top right and click the “Watch The Videos Now” button to get your master coach blueprint videos.

Jeffrey T. Sooey
CEO, JTS Advisors
Founder, Coaches Training Blog community

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