The Dream S3 E7: The Inmates Running the Asylum
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Oct 18, 2023 Guest Patrick Sheehan discusses the surprising answer to why many life coaches couldn't find success elsewhere. The podcast explores the lack of legitimacy and credentials in MLM coaching, challenges of unemployment, and the importance of choosing a relatable coach. They also touch upon Jessie's immigration struggles and the value of having a friend who serves as a mentor.
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Ray Higdon's MLM Journey
- Ray Higdon, a prominent coach, failed at 12 MLMs before finding success.
- He then launched a travel MLM, showcasing a narrative of failure turned success.
Who Becomes a Coach?
- Patrick Sheehan's research reveals that many career coaches are unemployed professionals.
- These coaches often reframe their job loss as an "opportunity" and their newfound "passion" is coaching.
Diane's Transformation
- Patrick Sheehan observed a woman, "Diane," transition from attendee to life coach in just weeks.
- Despite lacking clients and facing financial hardship, "Diane" maintained a positive outlook, even considering van life.