Why you want to make a passive income online through coaching. Starting an online coaching business is very affordable to start and easy to make a passive income online.
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After a couple of years of freelancing, I was starting to get approached by potential clients. Clients wanting me to coach them instead of providing the done for you service.
After some thinking like ‘could I really do coaching’, I researched doing online coaching and discovered that if it was something I enjoyed I can make a passive income with online coaching.
Needless to say, I got back to the potential client and created a trial run of doing online coaching.
This really did start to get the word out that I was doing online coaching and built up my confidence at the same time whilst making a passive income online.
Truly enjoying the experience of coaching clients instead, I developed a way of making it a service that I can offer to all potential clients that would want that instead of a done for you service.
How You Can Start Coaching
If you are a service-based business and think that you could offer coaching alongside your business.
Here are 3 examples of how you can get started. Each of these ways is affordable to do and sometimes costs nothing except your time and effort.
Start Selling Coaching Sessions
There are various different passive income ideas in which you can sell coaching sessions. Here are just a few examples that cost little to no money.
Example #1 Email Coaching
A couple of years ago I came across a social media expert called Luan Wise in which I had purchased a social media planner from. Whilst I only intended on buying the planner and maybe follow Luan Wise further, I was emailed extra help with social media.
So how can you adapt this to do email coaching?
Offer a low-cost product such as a book that will solve your client’s problem. Then on the thank you page offer a low-cost coaching program where you will deliver videos and other sources such as worksheets via email.
Now how could you make this work out for you and earn a passive income from email coaching?
Step #1 consider what your potential clients biggest problem is.
For example, when someone problem is they want to make money online. What their really big problem is struggling to get their ideal customers. Or they are struggling to understand what it is they should be doing in order to earn money.
Step #2 solve their really big problem by creating a mini coaching product that can be sent via email.
Step #3 solve the initial problem that they are seeking answers to on Google. Solve the problem with a quick cheat sheet or mini eBook.
You want to solve the initial problem in a way that leaves them feeling that they should stick with you. Stick with you and what you have to offer as your products are just that amazing.
If you are now thinking that you should give this a try then you need to choose a
Struggling to build your email list? Watch this webinar by Barry Feldman to build your email list with lead magnets.
Example #2 1:1 Coaching
1:1 coaching does not need to be done face to face, but can instead be done online. If 1:1 coaching is something that would interest you then you need a system to do this. A typical system would involve:
Step #1 a webinar and landing page that would sell your coaching services. Get response offers this at $49 a month but with an initial free trial.
Step #2 link to an appointment scheduler. Acuity scheduler is probably one of the best schedulers out there. To get started there is a free option but of course, if you are wanting to remove all of the Acuity branding, the fee is from $15 a month.
Step #3 link your appointment scheduler to your PayPal account or other payment processor.
So as you see for less than $100 a month you can start your own coaching business where you take on clients 1:1. Take on clients when you are free to do so.
Plus the amount that you can charge per hour is from hundreds and thousands of dollars. All of this whilst you are doing your regular job.
Example #3 Facebook Groups
There must be consultants and coaches in every niche creating 5-day challenges.
Creating popup groups with a 5-day challenge for a product they are an affiliate to or sell their own coaching services.
If you want to make a passive income online through coaching and using Facebook groups, check out this article.
In A Nutshell
It costs absolutely nothing to get started making a passive income online with coaching. All you need is a passion for your expert topic and a desire to help other people.