Coaching is one of the fastest growing professions on the planet right now. In coaching, you can really embrace your genius and show up in a big way for your clients. However, something really bothered me about coaching I wanted Petra, my next guest, to sort out for me.
Why are so many coaches broke? Don't worry we get to that.
Petra Foster is known as client enrollment strategist. She helps coaches understand how to build an effective business that can not only bill multiple thousand dollars per month but to also provide a massive amount of value to their clients.
The Problem Starts With Your Fee Structure
Initially, coaches go into the business to help people, whether it’s in the area of health, business, lifestyle, etc. The problem is they don't build a fee structure that's scaleable based on the amount of value they're delivering, so it's no surprise they aren't able to earn enough to stay in business.
Limiting beliefs around money and feeling guilty when they do charge higher dollar amounts. Because they are helping people, they believe they can’t charge them. Due to this, they will charge per hour and tend to stick to this not realizing that there are people out there who are willing and able to invest in themselves in a higher dollar amount. Because they do not have a system to change this, they remain broke.
But to get all the show notes on this episode you'll have to click this link: http://vernonross.com/petra-foster/