Ep #186: How to Make 100k – Interviews with Katrina, Corrine, Stacey, Brenda, and Jody
Oct 19, 2017
auto_awesome
In this enlightening discussion, guests Katrina, Corrine, Stacey, Brenda, and Jody share their journeys to making over $100,000 as coaches. They dive into vital mindset shifts needed for entrepreneurial success and the importance of planning and discipline. The conversation touches on overcoming financial barriers, engaging clients, and transitioning from one-on-one coaching to group dynamics. Each guest provides valuable insights and practical strategies, inspiring new coaches to embrace resilience and commitment on their path to financial achievement.
A fundamental mindset shift is essential for overcoming self-doubt and recognizing one's potential as a successful entrepreneur.
Embracing failures and mistakes as learning opportunities can significantly enhance growth and business momentum in coaching careers.
Building genuine client relationships through understanding their needs and delivering value is a critical foundation for business success.
Narrowing down target audiences allows coaches to tailor their messaging effectively, leading to improved marketing and greater client attraction.
Investing in personal growth through courses and mentorship is viewed as a vital component for long-term success in coaching businesses.
Deep dives
The Journey to 100K Begins
In the podcast episode, several students share their experiences on how they achieved financial success as life coaches, including reaching the milestone of 100K in earnings. Each individual emphasizes the mindset shift that enabled them to believe in their potential, often overcoming self-doubt and fear. For many, a clear plan and daily dedication to their business activities were critical factors in building momentum. The realization that consistent action and a willingness to learn from mistakes facilitated their growth into successful entrepreneurs is a vital theme throughout the conversations.
Embracing Failures as Learning Opportunities
Participants highlight the importance of embracing failures and mistakes as essential components of their journeys. For instance, one student reflects on the necessity of facing her fears and being open to making mistakes to propel her business forward. She underscores that each failure is an opportunity to learn, adapt, and improve rather than simply a setback. This willingness to iterate and refine their approaches ensured that they could pivot effectively and continue on the path toward their goals.
Overcoming Self-Doubt
Many coaches recount how self-doubt initially prevented them from recognizing their capacity to generate income as entrepreneurs. One student, facing skepticism about her previous experiences and qualifications, realized that she had to shift her perspective to focus on her ability to create value for clients instead of getting caught up in comparisons with others. The importance of affirming self-worth and developing self-belief is a recurring theme, as approaching the business with confidence often invited success into their ventures. This transformation allowed them to state confidently that they could achieve their financial goals.
Creating Lasting Relationships with Clients
The podcast also delves into the significance of building genuine relationships with clients as a foundation for success. Successful coaches share insights about being present, understanding clients' needs, and delivering exceptional value through engaging interactions and personalized offerings. One participant emphasizes that cultivating a connection while effectively communicating the value of her services helped her convert potential clients into paying clients. The trust established through these relationships subsequently contributed to significant business growth.
The Power of a Targeted Niche
The coaches discuss the value of narrowing down their target audiences to achieve greater success. By focusing specifically on a niche market, participants learned to hone their messaging and tailor their programs to meet the distinct needs of their clientele. One coach shared how defining her audience not only increased her confidence but also made her marketing efforts more effective. A truly targeted approach ensured that she attracted clients who resonated with her message, resulting in heightened success.
Mindset: The Key to Success
Throughout the episode, the importance of mindset is consistently emphasized by those who contributed. Coaches describe how adopting a proactive, positive mindset allowed them to approach challenges with resilience and determination. They emphasize that, despite external circumstances, focusing on one's beliefs and maintaining a growth-oriented attitude fostered a more empowered experience in their entrepreneurial journeys. This powerful perspective shift enabled many to embrace their ambitions boldly.
Leveraging Community and Support
Another key takeaway from the discussions is the power of community and support in achieving success. Participants highlight the encouragement they received from each other, both during the podcast and in their respective networks of life coaches. Being surrounded by like-minded individuals created a shared atmosphere of motivation and accountability, which greatly contributed to their progress. They recognized that having a collaborative environment was vital, particularly during moments of self-doubt and uncertainty.
Investing in Personal Growth
The coaches reflect on how investing in their personal growth, through courses and mentorship, was a turning point in their career journeys. They assert that every dollar spent on education or coaching has yielded tangible returns through increased confidence and business acumen. This realization prompted the students to approach their investments as essential components of their growth, rather than as expenses. They all agreed that such investments are crucial to achieving long-term success as entrepreneurs.
Raising Prices with Confidence
Participants discuss how adjusting their pricing strategies significantly impacted their income potential. While the idea of raising prices was initially daunting, they learned that charging what they are truly worth is a critical factor in their business growth. Clients begin to view higher-priced services as an indicator of quality and value. The students emphasize how reframing their mindset around pricing helped them embrace the confidence to demand adequate compensation for their expertise.
Sustaining Momentum After Success
Finally, the conversation touches on the importance of sustaining momentum after achieving significant milestones like 100K in earnings. Coaches share how their mindset shifted to embrace continuous growth and setting new goals, recognizing that complacency could halt their progress. They reflect on the importance of celebrating wins but also understand the importance of innovating and pushing further. This determination to keep evolving and expanding their reach ultimately contributes to their ongoing success in the coaching industry.
In this session, I asked 5 of my coaches, Katrina, Corrine, Stacey, Brenda, and Jody, to share their recent success in making $100,000 and beyond with their coaching business. I also asked them to give their best advice to new coaches and entrepreneurs who are working on reaching the 100k mark.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
