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Business Made Simple Podcast

#196: Donald Miller—How to Stop Giving Free Advice and Start Charging for Your Expertise

Oct 14, 2024
36:53
Snipd AI
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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Podcast summary created with Snipd AI

Quick takeaways

  • Recognizing and packaging your knowledge is essential to transforming informal advice into a successful coaching business.
  • Developing a professional identity as a coach over time enhances your credibility and attracts clients who value your expertise.

Deep dives

The Importance of Identifying Expertise

Everyone possesses a unique expertise that can be leveraged to help others, but many struggle with the transition to becoming a coach. Realizing that their knowledge can solve customer problems is crucial, yet transforming this understanding into a viable coaching business often feels daunting. The podcast emphasizes that those interested in coaching must start by acknowledging their value and the potential impact they can have on others' lives. Many listeners are likely to already be engaged in informal coaching roles, making the shift to professional coaching all the more accessible.

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