Profit For Coaches

As a coach and the creator of the Profit for Coaches podcast, I believe it’s part of my role to check the other coaching programs. So, I invest time and money into things advertised as coaching programs, so my clients don’t have to—and, of course, to find and educate myself in other tools that I could recommend to the people I work with.  And recently, I find myself being targeted by a kind of adv...

When it comes to your coaching business—and any business, for that matter—it doesn’t matter how much you’re making. It’s all about how much you’re keeping and how much goes into your pockets at the end of the day. Too many coaches go broke despite having excess money coming into their businesses. As soon as their coaching practice hits a monthly sales target, their expenses catch up. Why does this...

Mark J. Silverman is an executive leadership coach and speaker. He is the author of the #1 Bestselling Books Only 10s: Using Distraction to Get the Right Things Done, Unconventional Wisdom: Stories Beyond the Mind to Awaken the Heart, O...

I have been a coach for over 25 years. And in those years I’ve worked with over 10,000 clients and helped them generate tens of millions of dollars. But, the thing is, not everything is about that topline revenue. A healthy, thriving coaching practice is about profitability—what you get to keep at the end of the day. After all, good coaches, to be able to continue helping the people they’re meant...

Different coaching gurus will often tell you various kinds of numbers you need to watch out for in your coaching business. They’ll tell you to measure your engagement stats, follower counts, comments, chat starts, cost per click, cost per lead, or cost per view. But if the money that comes into your coaching business still isn’t consistent—despite keeping track of those numbers—you might not be lo...

As coaches, we’re often told that we’re just one click away from everything we desire. We hear from coaching gurus that we’re one funnel, one lead magnet, or one course away from having a profitable coaching practice. So, it’s no surprise that we find ourselves chasing one tool after another. Here’s the thing: I grew up in Alaska, where we fish a lot. And if there’s anything I learned about fishin...

PFC106 - Stop SpinningDo you think that making $120,000 to $150,000 a year as a coach is too much? I used to think that myself. Through the years, I’ve learned that earning six figures in your coaching business doesn’t have to be difficult—and many coaches are actually close to earning six figures annually, charging clients at least $1,500 per month. Unfortunately, several factors prevent many coa...

Kenny Dusseault is a strength and conditioning coach and the Founder of Coach Dusseault Conditioning. Coach Kenny began coaching high-performance athletes when he was sixteen and has since been dedicated to helping athletes create the best version of themselves. Before founding Coach Dusseault Coaching, Kenny served as a strength and conditioning coach in several other facilities, including the At...

Picture this: you need someone to be part of your team, but instead of building a job description for that employee and planning what they’re going to do in your coaching business, you just grab the first person you see outside of your office, offer a signing bonus, then hire them. It’s a pretty good way to get your coaching practice out of business in no time, right?  Unfortunately, almost every...

Sophie Higgins is a course creator and business coach specializing in helping experts, coaches, and consultants develop meaningful and profitable online courses. Sophie has over two decades of experience in the education and learning industry. Before starting her journey as an entrepreneur and business coach, Sophie served as the CEO and Principal of the Faaborg Gymnasium and as the Head of Depart...

August—for us people in the northern hemisphere, it’s the last full month of summer where we get to enjoy the warmth and some time off. It’s also the month when many of us start getting the blues. Vacation season is almost over, and we have to get back to work. But, for us coaches and consultants, it’s one of the best months to plan and daydream about how we can improve our coaching practice and p...

Daniel Priestley is the Founder of ScoreApp and Dent Global, an organization of international leaders in strategy and technology that helps businesses stand out, scale up, and make a dent in the universe. A leading authority in scaling businesses, Daniel has built valuable businesses in Australia, the UK, the US, Canada, and Singapore. He is the best-selling author of Key Person of Influence and t...

If you’re playing or watching a sport, you know your team is winning by looking at the scoreboard. But how do you know you’re winning in the game of business and life? Some will say you’re winning in the coaching industry if you’re making a certain amount of money. Money is great, but having a profitable coaching practice isn’t just about money—it’s also about freedom, flexibility, and independenc...

Kelly VanHoveln is the CMO and Co-founder of the Podcast VA Association and the host of The Social-Savvy Introvert Podcast. Kelly knows that it’s possible to build a simple, sustainable, and profitable coaching practice through the strategic use of social media. She built a system for writing high-quality content that draws a target audience and shows off expertise—no dancing or sliding into DMs r...

Are you supporting your business or is it supporting you? Do you have to show up every single day to keep it alive? Do you find yourself having to say no to family, friends, and the things that matter to you just to keep your coaching business running? I guarantee that you don’t have to sacrifice everything to have a profitable coaching practice: you can build your coaching business so it helps yo...

To have a successful, sustainable, and profitable coaching practice, you need to deliver impactful change and results for your clients—otherwise, you’re not coaching. Too many coaches get distracted by the minutiae of running a business, so much so that it becomes difficult for them to be present with their coaching clients. How do you structure your business so you can focus on showing up for the...

When seeking steps for starting a profitable coaching business, some may tell you to have a platform to coach on first. Others will tell you to start with a purpose or a why. These are important parts of creating a coaching practice; however, designing your client creation or client acquisition strategies first and figuring out your cash flow management system can be powerful ways to jumpstart you...

Having a profitable coaching practice can look different for everyone. To some, it’s about taking on a certain number of clients. To others, it means earning six or seven figures in revenue every year. To me, having a profitable coaching practice means having a business that pays you well and allows you flexibility. A profitable coaching practice supports your family and lifestyle—it excites you a...

Have you met Barney? I don’t watch TV anymore, but back when I did, every now and again, I’d catch episodes of How I Met Your Mother. One of the characters, Barney—brilliantly played by Neil Patrick Harris—is the wingman to the main character, Ted. And, as wingman, Barney would keep introducing Ted to people who could potentially end up as the love of his life. Looking back at the interactions bet...

The world changes all the time. As coaches, we certainly hope that this is true–after all, we specialize in transformation and change. We often have the tools to help people make change, but how are we at handling change ourselves? What tools do we have as coaches to manage the changes that happen in our practices? In this episode, I discuss change and the different ways to handle it. I describe h...

Summer is almost in reach, which is great for most people. However, what if your coaching business is struggling? What if you're not where you thought you would be? If you find yourself in this position, it’s okay. You can explore those feelings and find the answers to your questions. If you are not where you want to be, where are you? Today, I explore why the summer can feel like a more challengi...

The hardship many coaches face when we have problems isn’t that we don’t have tools. We have too many tools available, but we don’t know what steps to take next. What do you do if you have problems and don’t know what to do about them? Pick one thing, refresh yourself on it and get back on track. Today, I explore why many coaches get stuck with problems that they can’t deal with. I explain why we...

Is imitation really the sincerest form of flattery? Flattery almost has a negative connotation these days, with its reception depending on its authenticity. So what should you do if someone imitates you or what you do in your business? Is it something you really need to be worried about as a coach? Today, I explore the mindset in the coaching business about intellectual property and how many peopl...

The SMART (Specific, Measurable, Achievable, Realistic, Timely) goal-setting framework, which has been around since the 80s, is not as smart as it seems. In fact, SMART goals are stupid. Trying to get everyone to fit into one framework simply doesn’...

Being grateful and expressing gratitude for things opens the door for more great things to come your way. While preparing for a move of mine, I realized the importance of gratitude, and I want to shar