10 proven strategies for business coaches to increase their income

Hey fellow coaches! Are you ready to up your income game? Look no further, because I’ve got 10 killer strategies that will help you bring in the big bucks:

1. Launch a private podcast: Podcasting is all the rage these days, and for good reason – it’s a fantastic way to reach a larger audience and establish yourself as THE leader in your industry. With Hiro.fm, you can easily create and host a private podcast where you can share valuable insights, strategies, and case studies with your clients. Not only will this bring in some extra dough from subscribers, but it will also provide value to your current clients.
2. Write a book: Writing a book about your area of expertise is an excellent way to show off your knowledge and become a go-to expert in your field. You can self-publish your book and sell it on platforms like Amazon, or you can use it as a lead magnet to attract new clients. “Prompt – Publish – Profit” is your step-by-step guide revealing how to write a book in days!
3. Use SMS marketing: SMS marketing is a seriously underrated tool for business coaches. It allows you to send personalized and timely messages to your clients and prospects, reminding them of your services and offering special promotions. This can be an effective way to drive new sales and retain existing clients. Hiro.fm has SMS built in so you can grow your list and engage with your audience!
4. Offer group coaching: Group coaching is a more affordable option for clients and a fantastic way for you to maximize your time and income. You can offer group coaching sessions via Zoom or in-person, and use it as an opportunity to work with multiple clients at once.
5. Create and sell online courses: Online courses are growing faster than any other time in history, and they’re an excellent way for business coaches to share their knowledge and expertise with a wider audience. Consider creating an online course on a topic that you specialize in, and use it as a passive income stream. Pro tip: Make an audio course to save time and money and enjoy higher completion rates!
6. Host live events: Live events, such as workshops or retreats, can be an excellent way to connect with your audience and generate additional income. You can host these events in-person or virtually, and use them as an opportunity to offer high-ticket coaching packages or other premium services.
7. Partner with other coaches: Partnering with other coaches in complementary industries can be a great way to expand your reach and generate new income streams. Consider offering joint webinars, workshops, or retreats, or creating a referral program to refer clients to each other.
8. Offer one-on-one coaching: While group coaching can be a fantastic option, many clients still prefer the personalized attention of one-on-one coaching. Consider offering one-on-one coaching packages at different price points to cater to a variety of budgets.
9. Sell physical products: Physical products, such as books, courses, or branded merchandise, can be an excellent way to generate additional income and showcase your brand. Consider offering physical products as a bonus for your coaching packages, or as a standalone product.
10. Use social media to your advantage: Social media can be a powerful tool for business coaches to connect with potential clients and showcase their expertise. Consider using social media platforms like LinkedIn, Instagram, or Facebook to share valuable content, interact with your audience, and promote your services.

There you have it – 10 proven strategies for business coaches to increase their income. Implementing just a few of these strategies can help you bring in more cash and grow your coaching business. Go get ’em, tiger!