The Coaching Inn S5 Episode 38: Everything You Need To Know To Build A High-Value Coaching Business (With Actual Numbers) with Gary Crotaz (Extended Edition)
In this extended episode of The Coaching Inn, Claire Pedrick is joined by Dr. Gary Crotaz to explore the essential strategies for building a high-value coaching business. Gary shares his unique journey into the coaching world, offering practical advice and real numbers on defining personal success beyond financial metrics.
They talk about identifying your ideal client and clarity in your coaching brand is paramount for attracting the right individuals. Gary provides a realistic perspective on the current market demand for coaches and outlines actionable steps to achieve a sustainable coaching practice. Listeners will gain valuable insights into effectively monetizing their coaching skills, understanding market rates, and leveraging their unique value proposition.
A key theme explored is the power of credibility and the importance of strategic networking to build a strong professional reputation. Gary offers actionable guidance on building social proof, which he highlights as crucial for standing out in a crowded market. The discussion also touches on the benefits of associate relationships for gaining experience and exposure, while also addressing potential challenges like imposter syndrome.
Practical tips are shared on building a robust client pipeline, optimizing productivity through virtual assistance, and fostering meaningful coaching conversations that lead to powerful client referrals. Gary stresses the significance of impactful initial sessions and how to describe your coaching in a way that resonates with potential clients. The episode concludes with a candid discussion on the value of specific, named testimonials, the often-ineffective nature of paid marketing for coaches, and the importance of adopting a sliding scale approach to ensure accessibility while maintaining a sustainable business model. This episode is a must-listen for any coach looking to grow their practice and align their passion with profit.
Contact:
- Contact Gary through Linked In
- Contact Claire by emailing info@3dcoaching.com or check out our Substack where you can talk with other listeners.
Further Information:
- Forbes article: https://www.forbes.com/councils/forbescoachescouncil/2023/10/03/how-much-should-you-charge-for-coaching/
- Coaches walking group https://www.linkedin.com/groups/12827884/
- Andrew Richards https://www.linkedin.com/in/andrewrichardscoach/
- Subscribe or follow The Coaching Inn on your podcast platform or our YouTube Channel to hear or see new episodes as they drop.
- Find out more about 3D Coaching and get new ideas and offers in our weekly email.
Coming Up:
- Teresa Wilson on the power of shadow work for coaches
Keywords:
coaching business, high value coaching, coaching success, ideal customer, coaching brand, market demand, sustainable coaching, monetizing coaching, coaching credibility, networking in coaching, coaching, social proof, associate relationships, client pipeline, virtual assistance, meaningful conversations, coaching performance, coaching strategies, coaching business, coaching insights, coaching, testimonials, marketing, accessibility, sliding scale, business growth, coaching relationships, personal branding, investment, sustainability
We love having a variety of guests join us! Please remember that inviting someone to participate does not mean we necessarily endorse their views or opinions. We believe in open conversation and sharing different perspectives.