More specifically how much can you charge as a Business Coach Academy Certified Partner?
The Average pricing of Business Coaches
On average most business coaches charge anywhere between $1000 to $3000 a month for weekly coaching.
This averages around $500 an hour, and is where you will find most people.
If its executive leadership coaching it will be closer to the $500 an hour mark If its pure small business coaching it could be more around $375, $400 an hour. Then depending on how many hours you are coaching a month will depend on your monthly income.
You want to sell in monthly packages or retainer programmes rather than single coaching sessions.
How to reach your ideal pricing
You have some people who start charging at $600 a month, just to gain experience then after one or two clients once they’ve gained confidence they will go up to $1200 then $1500 then $2000 etc. We have actually had coaches who have done this. As your confidence grows and the more experience you get you will be able to increase your prices.
So you can quickly ramp up your hours depending on what your goals are. When you position yourself to make sure you are coaching rather than consulting so that these clients can remain recurring. Consulting you can charge a slightly higher rate, but there is a definite end in the relationship.
How to calculate your pricing
Ultimately it comes down to the fact that you to be charging for the value you deliver. So if you can be delivering $100 000 in value every single month. Then why not be charging $10 000 a month?
As part of our triangulation process for getting ou partners the prices they want we recommend between a 5X and a 15X ROI per client. So if you want to be charging $1000 a month you want to be trying to add $5 000 to $15 000 worth of value to your clients.
This is a way in which we calculate how much you can charge your clients as a coach.
Conclusion
When you are following a specific process, like the one part of our Certified Partner Programme, and have all the tools it makes finding and charging clients much easier. This is because it is a more robust system and allows you to stand out. The client will also get more value from you because you can give them the tools they need to use to reach their goals and they will receive huge value from that.
