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Make Money as a Life Coach®

Ep #251: Consult Strategies During Economic Recessions

Oct 18, 2023
Learn practical ways to improve consults and make more sales during an economic recession. Understand the importance of effective communication, clarity, and creating a safe space for potential buyers. Also, explore the significance of compassion in coaching and living intentionally.
01:02:15

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Quick takeaways

  • Coaches can still make money during economic recessions by creating a compelling argument for potential clients to invest in their coaching services and highlighting the emotional experiences and value they will receive.
  • Successful consultations during economic recessions prioritize clarity about the value provided, addressing confusion and objections with empathy, offering support, and showcasing the positive benefits and outcomes of coaching.

Deep dives

The Power of Consult Strategies During Economic Hardship

During times of economic hardship, it is crucial to understand the power you have and how to ensure you still get paid. In this podcast episode, Stacey Baimin discusses consult strategies that coaches should be thinking and implementing when the economy is tighter and people are more cautious with their spending. By being clear about the value you bring and the steps in your process, addressing confusion and objections, and providing ample support and value ahead of time, coaches can navigate economic downturns and still connect with potential clients. It is important to create a safe space for clients to express their concerns and objections, and to show them how investing in your coaching can bring them positive emotional experiences. By being sharp in evaluating each consult and maintaining a mindset of continuous improvement, coaches can adapt and sell better in any economic climate. Finally, having fun, offering support, and giving more value than ever before are essential in demonstrating that now is the right time to invest in their growth.

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