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Make Money as a Life Coach®
Ep #319: Offering Lifetime Access Pros and Cons
Feb 5, 2025
Discover the transformative benefits of offering lifetime access in coaching, including enhanced client success and business growth. However, it's not without its challenges, as issues of client entitlement and complacency can emerge. The discussion highlights the importance of maintaining a focused community while weighing these pros and cons to see if lifetime access aligns with your coaching vision. Tune in for a thoughtful exploration of how this model can shape your coaching journey!
36:16
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Quick takeaways
- Offering lifetime access programs simplifies financial management for coaches and fosters a supportive community for client growth.
- However, lifetime access can lead to client complacency and entitlement, posing challenges in maintaining an engaged learning environment.
Deep dives
Benefits of Lifetime Access Programs
Offering lifetime access programs allows coaches to charge upfront, simplifying financial management and enabling rapid cash flow. This model helps maintain a leaner business structure, as coaches can focus on fewer administrative tasks and avoid the complexities of payment plans. For instance, a coach who sold 200 spots in their program could generate $400,000 swiftly by collecting the entire payment upfront, rather than dealing with ongoing monthly income. This approach is especially advantageous for those targeting smaller audiences while aiming for significant revenue.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode