In this discussion, Donald Miller, creator of the Coach Builder framework, shares his expertise in turning knowledge into a profitable coaching business. He emphasizes the importance of recognizing your value and confidently transitioning from offering free advice to charging for it. The conversation covers essential steps for establishing a successful coaching practice, including setting clear offerings and creating a structured client journey. Listeners gain actionable insights on building a client list and mastering effective communication to drive sales.
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volunteer_activism ADVICE
Stop Giving Free Advice
Stop giving free advice and start charging for your expertise, even if it feels awkward.
This increases your perceived value and authority, leading to better client engagement.
question_answer ANECDOTE
Pay-What-You-Can Problems
Donald Miller recounts an experience with a "pay what you can afford" conference.
Most customer service issues came from attendees who paid less, highlighting how undervaluing diminishes perceived worth.
question_answer ANECDOTE
Dan Martell's High-Ticket Coaching
Dan Martell charges $350,000 yearly for coaching, offering limited time but valuable connections.
This demonstrates how high pricing, coupled with unique value (like access to a network), can be successful.
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How do you start charging for your advice without feeling weird about it? A lot of business owners have the expertise to coach others, but turning that knowledge into a successful coaching business can feel daunting and awkward. How do you know if what you’re offering is worth the price? The real challenge isn’t what you know—it’s learning how to package that knowledge into something people are willing to pay for. Without a clear plan, it’s easy to get stuck in “free advice” mode and miss the opportunity to build a business around the insights you already have.
In today’s episode, hosts Bobby Richards and James Sweeting talk with Business Made Simple’s very own Donald Miller, creator of the Coach Builder framework, to give you a clear, step-by-step plan for building a thriving coaching business. Don lays out 8 essential steps that will help you professionalize your coaching, confidently charge for your expertise, and grow your business. If you’ve ever wondered how to make the leap from giving free advice to getting paid for what you know, this episode gives you the tools to make it happen. Listen in and learn how to transform the expertise you already have into a profitable revenue stream!
If you're ready to turn your expertise into a profitable coaching business, head to CoachBuilder.com to schedule a call where we’ll answer all your questions and help you determine if the Coach Builder framework is the right fit for you.
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STUCK TRYING TO GROW YOUR BUSINESS? SUBMIT YOUR QUESTION FOR A CHANCE TO HAVE US COACH THROUGH IT ON THE SHOW: BusinessMadeSimple.com/Podcast
ORDER COACH BUILDER, DONALD MILLER'S NEW BOOK, AND TRANSFORM YOUR EXPERTISE INTO A LUCRATIVE CONSULTING CAREER: CoachBuilderBook.com/Podcast
IF YOU'RE SERIOUS ABOUT IMPLEMENTING A PLAN TO GROW YOUR BUSINESS AND REVENUE, FLIGHT SCHOOL IS FOR YOU! JOIN NOW: SmallBusinessFlightSchool.com.