Setting Coaching Fees So That Everyone Wins
Setting Coaching Fees So That Everyone Wins
Is it tempting to reduce your rates or give fewer sessions each month?
Does the whole subject just make you squirm?
Those were all true for me once. Many of us share discomfort around asking clients to pay enough for coaching that will actually allow us to meet our financial goals. What I hear from coaches is:
But I’m new and shouldn’t charge much.
I think _______ (fill in target market) can’t afford as much as I’d need to charge to make my income goals.
I don’t care that much about money.
Yet I hear these same people in a circular struggle to invest in a website, marketing materials and a mentor coach of their own. Many are perpetually unable to quit their jobs so that they can offer full time coaching. By keeping their rates small, they keep themselves small, which is perceived by prospects, and that keeps their coaching income small.
The truth is no one wins when you stay small.
Years ago, as a struggling coach I had a breakthrough that gave me the courage to raise my fees and stop discounting my time. To my surprise it also changed the way my clients showed up for coaching. In fact, I found that the higher my fees were the more invested clients became in improving their own lives!
This is the secret I learned about fee setting:
If I come from prosperity thinking and charge the fees that will meet my financial goals — everyone wins.
Setting Coaching Fees So That Everyone Wins - To learn more about this author, visit Rhonda Hess's Website.
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Do you avoid telling prospects your fees until the last possible moment?
Is it tempting to reduce your rates or give fewer sessions each month?
Does the whole subject just make you squirm?
Those were all true for me once. Many of us share discomfort around asking clients to pay enough for coaching that will actually allow us to meet our financial goals. What I hear from coaches is:
But I’m new and shouldn’t charge much.
I think _______ (fill in target market) can’t afford as much as I’d need to charge to make my income goals.
I don’t care that much about money.
Yet I hear these same people in a circular struggle to invest in a website, marketing materials and a mentor coach of their own. Many are perpetually unable to quit their jobs so that they can offer full time coaching. By keeping their rates small, they keep themselves small, which is perceived by prospects, and that keeps their coaching income small.
The truth is no one wins when you stay small.
Years ago, as a struggling coach I had a breakthrough that gave me the courage to raise my fees and stop discounting my time. To my surprise it also changed the way my clients showed up for coaching. In fact, I found that the higher my fees were the more invested clients became in improving their own lives!
This is the secret I learned about fee setting:
If I come from prosperity thinking and charge the fees that will meet my financial goals — everyone wins.
Setting Coaching Fees So That Everyone Wins - To learn more about this author, visit Rhonda Hess's Website.
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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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