Hey! Have you been wanting to grow your coaching business but can't seem to make progress? I feel you! The fact is, it's not easy or intuitive to make money as a life coach or to create a life coaching business model. There are very real business skills we all need to learn!
In this episode I'll highlight the differences between coaching and business skills, emphasizes the importance of mindset, and share crritical steps for finding and nurturing leads, converting clients, and staying consistent with your business so that you can make a difference and impact the world as a life coach.
There IS a way to make money (and impact) as a coach, and it doesn't have to feel impossible.
Ready to get started finding and nurturing your email list? Download my free guide to getting your business online in just a weekend! https://bonniewiscombe.mykajabi.com/l...
Need help right away? Join me during FREE office hours! Get coaching or find out the next step in your business: https://lu.ma/bonniewiscombe
00:00 Introduction: The Struggles of Building a Coaching Business
00:38 Understanding the Dual Skill Sets of Coaching and Business
01:30 Step 1: Mastering the Customer Journey
05:04 Step 2: Managing Your Mental Stories
10:41 Step 3: The Power of Consistency
13:26 Conclusion: Embrace the Journey to Success
The bummer is that these small,
simple steps are not exciting.
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:They're not sexy.
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:They're not grandiose.
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:Nobody's going to be like, Oh, you posted
every day on social media this week.
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:Good job.
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:Nobody cares.
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:Right?
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:They don't seem to matter.
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:important, but it's these small
ones that make all the difference.
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:Eventually, you're going to get to
a point where these small, simple
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:actions are just second nature to you.
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:They're just a habit.
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:And then you can build from there
and do bigger, greater things.
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:But if you don't start small,
you never make progress.
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:This is Burning Brightly, a podcast
for Christian moms who are feeling
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:called to build a business and
share their light with the world.
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:I'm Bonnie Wiscombe, a life coach,
mom, and entrepreneur, and I'm honored
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:to be your guide as you face this
business building adventure full of
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:highs, lows, and everything in between.
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:This is where we help each
other find the courage to shine.
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:Hey there.
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:So I bet that you got into the
coaching space to make an impact,
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:to make a difference, to change
the world in some way or another.
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:But why in the world is it so hard
to build the business aspect of it?
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:Why can't you find clients?
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:Why can't you make money?
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:I get it, my friend.
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:I have been there too.
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:If you are tired of running around and
trying all the things that the experts
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:tell you to do and still not making any
money as a coach, then this is for you.
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:So let's dive into this.
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:Here's the issue.
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:Being a coach and being a business owner
require two very different skill sets.
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:Being a coach requires compassion and
understanding and a listening ear.
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:It involves seeing things
from a different perspective.
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:It involves helping clients
stay accountable, managing
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:their own minds, staying neutral
while you look at their lives.
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:So many deep skill sets that
I bet you're really good at.
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:Unfortunately, building a business
requires much different skills
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:and they are real tactical skills
that we have to develop or we're
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:never going to have a successful
business like we're dreaming of.
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:Being a business owner requires
being analytical and creative.
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:You have to be able to try and try and try
and fail and still get up and keep going.
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:You have to be disciplined.
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:You have to be consistent
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:and you have to be a big thinker who was
willing to be persistent until it works.
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:But I bet you can see some
of those skills in yourself.
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:You just haven't yet figured out a
way to combine them in a way that
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:works and is profitable for you.
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:So we're going to talk about that today.
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:First of all, of course, you have
to believe that you can become
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:a successful business owner.
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:We know as coaches, the mind
is the key to everything.
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:So if you don't believe you
can do it, you can't, you're
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:not going to be able to do it.
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:That is the truth.
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:So step number one is going to
be working on your own mindset.
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:Of course you know that, but I'm going
to talk about three other steps that are
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:critical for building a business that
is successful today and in the longterm
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:so that you can make a difference in the
world like you're dreaming of and actually
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:make money to change your family's life.
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:Okay, so step number one, you need
to know and intimately understand
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:the basic customer journey
for your customer or client.
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:What does that mean?
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:It means what are the steps
they're going to have to go through
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:to be willing to buy from you?
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:You would never meet a person
online, a random stranger and
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:get married to them the next day.
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:That's weird and creepy.
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:Similarly, it is extremely rare
to confront a business online
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:and immediately pay them money.
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:That might happen with a random business
on Amazon, but it's not going to happen
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:For a coach who's asking hundreds or
thousands of dollars to work with someone.
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:Your audience needs to know you, they
need to like you, and they need to
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:trust that you can give them results.
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:If they don't believe those things
and they don't like you for whatever
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:reason, they're never going to pay you
the money that you are asking to give
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:them this transformation in your life.
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:So that's what we have to understand.
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:What steps do they have to go through
in order to be ready to hire me and
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:have faith in themselves and in me
in helping them get those results.
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:So that basic customer
journey has three steps.
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:Lots of threes today.
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:Number one, you have to
be able to find new leads.
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:What is a lead?
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:It is any person who has given
you their contact information.
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:So if you have 50, 000 followers on
Instagram or more, those are not leads.
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:Those are just followers and you
could lose your account tomorrow.
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:Or as we've seen lately, Instagram
could switch their algorithm up
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:so that none of your followers
are even seeing your content.
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:That is not a lead.
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:So you have to get your
audience to become leads.
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:What does that look like?
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:Looks like exchanging value
for their email address.
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:What are you going to give
them in exchange for a way
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:to contact them regularly?
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:Now how do we find these leads?
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:Lots of different ways.
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:Probably social media you're already
doing, maybe on YouTube, word of mouth.
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:If you have clients or other people
that know how you can give them
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:transformations, ask them to tell their
friends about you, referrals, right?
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:Maybe even paid ads or getting in
front of other people's audiences,
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:like swapping podcast interviews
or guest posting on someone's blog.
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:Lots of different ways to get in front
of strangers in the hopes that they
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:will give you their contact information.
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:So once we have leads, step
number two in the customer
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:journey is to nurture those leads.
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:Again, like the dating analogy,
if you meet a stranger and you go
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:on a date or two, now how do we
nurture this relationship until
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:it becomes something more serious?
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:We do this with more free
content and more free help.
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:When do you want to work with somebody
online when they've already helped
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:you get results in some way or
another through their free content,
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:again, blogs, podcasts, YouTube
videos, email sequences, right?
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:If you're sending out emails every
week, is it giving them really good
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:value that is helping them get to a
better place so that they know when
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:they're really ready to see results,
they come and pay you for those results.
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:So that's the nurturing step.
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:Find those leads, nurture those leads.
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:And then the third step in that customer
journey is to help them become clients.
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:How do we help them become clients?
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:By converting them to clients.
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:This is like the proposal in a
relationship, the engagement, right?
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:How do we get ready for marriage
or that client coach relationship?
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:Now there's lots of different ways to
ascend the relationship to where they
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:pay you money, but that could look like
webinars where you pitch your It could
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:look like sales calls for a lot of us.
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:It's just, we get on a one on one
call with somebody and we say,
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:Hey, tell me about your problem.
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:I'll tell you about my solution.
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:Does it sound like a good fit?
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:And they say yes or no.
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:And we move on.
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:In other words, anytime you are
chatting with somebody and you offer
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:a solution to their problem and they
choose to work with you, that is
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:how you convert them into a client.
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:so that is step number one of how to
grow your coaching business is be really
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:familiar with that customer journey.
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:Step number two, actively
manage your stories.
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:What stories am I talking about?
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:I'm talking about the mental stories that
go through our mind all day long, like
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:a loop stories that we think are truth.
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:This is what life coaches do, right?
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:We manage the mind so that we can
go out and accomplish big dreams.
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:It's always our mind that's keeping us,
always our mind that's keeping us stuck.
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:We know that when we coach people
on weight loss or organization or
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:relationships or anything else,
it's the same thing in business.
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:This is why I chose to get certified as
a life coach before coaching on business.
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:I would try to help friends
and family with business.
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:They'd ask for my advice.
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:They'd say, , how would
you build this business?
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:What should I do next?
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:And I would give them advice
and then they wouldn't take
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:action and it drove me crazy.
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:I'm thinking, why are you asking me
for advice if you're not taking action?
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:Because the stories
were keeping them stuck.
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:Once I learned that and I learned how
to push through those stories, how
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:to break them apart, dismantle them a
little bit, then I could really help
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:my friends and family and clients get
the results they wanted because they
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:knew how to push through those stories.
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:So what stories?
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:keep you stuck when it comes to
growing your coaching business.
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:Now there are a handful of
them that almost all of us go
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:through at one time or another.
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:So I'm going to list them for you.
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:A big one is imposter syndrome.
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:That means feeling like you don't belong,
feeling like you're not a good coach.
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:You're not a good business owner.
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:You don't belong in
the entrepreneur space.
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:You don't belong on this side of
the camera or phone or in person
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:coaching another human being.
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:If you feel like an imposter in
any way, shape, or form, feel Then
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:that might be what's plaguing you.
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:What kind of stories are keeping
this imposter syndrome in place?
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:Are you telling yourself
that you don't belong there?
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:Are you telling yourself you
can't charge a certain amount?
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:What is the thought loop that
keeps you in that negative space?
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:Another big one is fear of failure.
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:We know that it's going to
require more than one try to
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:build a successful business.
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:And if you've tried it for more than five
minutes, you know it's going to require
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:failure after failure after failure.
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:I personally actually love the term
failure now because I've taken it
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:to mean a trial that didn't work.
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:And so now I know that's not
the way to build my business.
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:Now I'm going to find a different
way to build my business, right?
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:Failure is so useful.
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:But if we're afraid of it, we are
never going to be successful because
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:we have to be willing to fail.
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:We have to be willing to mess up.
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:And we have to be willing to not make it
mean anything negative about us, right?
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:Failing is good.
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:If you can't fail, you
cannot build a business.
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:So the next time you fail, so for example,
you put out a product or an offer or
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:something and people don't buy it.
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:I want you to tell yourself, I just
figured out something that doesn't work.
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:I'm that much closer to
figuring out what does work.
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:So that fear of failure is a
big story that keeps us stuck.
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:What about a fear of embarrassment?
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:A lot of people are worried.
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:Well, I want to be a coach and I
want to offer help, but what are
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:my friends and family going to say?
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:What's my neighbor going to say?
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:What am I going to look like when
I start making videos on Instagram
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:or on YouTube or somewhere else?
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:What are people going to say?
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:Well, I don't know.
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:It doesn't matter cause what they say is
completely irrelevant to your business.
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:It does not mean anything.
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:Your neighbor can hate your
business and you can still go
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:on to make a million dollars.
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:Your neighbor never has to be a client
or a customer nor your mom or your
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:sister or anybody else in your life.
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:You can be successful regardless
of what the people around you say.
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:There are clients and customers for you.
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:So you have to watch out for
those stories that are saying,
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:someone's going to make fun of me.
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:Somebody's going to say something nasty.
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:Yeah.
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:Welcome to the internet.
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:People say mean things, move through it.
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:Check those thoughts.
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:And then finally, another big one that
I especially see amongst Christian
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:women is the fear of being salesy.
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:Nobody wants to come off as spammy.
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:The idea of looking like a used car
salesman is everyone's worst nightmare.
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:You don't want your friends turning around
and running the opposite direction when
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:they see you because you feel salesy.
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:This is just a story.
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:What does salesy mean?
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:Why do you not like that
type of salesperson?
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:What do you think or feel
when you confront them?
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:And how do you avoid thinking or
feeling that way when you show up
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:to sell something to someone else?
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:What is a sales experience you've
been in on the client or customer
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:side that you've really enjoyed?
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:How could you channel that?
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:Right?
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:There is no such thing
as good or bad sales.
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:It's just the emotions you
want to feel around it.
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:So how can you be a saleswoman,
salesperson who It creates the
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:kind of emotions that you love
in your clients or customers.
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:Now this is what I do all day long
with my clients, is we look at those
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:stories, we look at those soundtracks
and we tweak them a little bit.
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:We try to loosen their grip on us so much.
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:When we tell ourselves these
stories long enough, they become
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:truth in our mind, even though
they're not serving us very well.
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:So if you find these stories, It could
be causing problems for you as well.
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:Here is how to loosen
their hold on your brain.
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:Number one, identify the story.
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:What is it you're telling yourself?
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:So let's go back to imposter syndrome.
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:Maybe the line that keeps running through
your head is, I'm not a good coach.
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:Maybe you didn't have a lot of faith in
your certification program, or maybe you
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:didn't take a certification program, but
you feel strongly about helping people.
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:Your brain keeps coming back
to, I'm not a good coach.
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:Okay.
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:So identify that story.
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:Number two, call it out as a story.
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:Remind yourself.
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:There's not really any such thing
as a good coach or a bad coach.
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:Some people are going to love my coaching.
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:Some people are not
going to like it, right?
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:So call it out as a story.
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:It's not factual or objective.
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:It's just subjective.
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:It's what your brain is coming up with.
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:Number three, ask yourself,
what else is true?
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:What else is true about this story?
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:So I might not consider myself a
good coach right now, but I have
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:the tools to become a better coach.
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:entire internet at my fingertips.
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:I bet I could become a better
coach with more practice, right?
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:So it's okay to believe I'm not
a great coach right now if I also
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:believe, I know how to become better,
And then finally shift yourself into
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:a place where you can believe both.
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:Can I believe that I'm not a great
coach right now and I can become better?
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:Sure.
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:And that feels so much more powerful
than sitting and staying stuck in
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:that story of I'm not a good coach.
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:I'm not a good coach.
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:So identify the story, call
it out as unhelpful and
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:something you want to let go of.
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:Ask yourself what else is true
and then shift into a place where
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:you can believe both things.
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:All right.
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:So we've identified that customer journey.
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:We are actively managing our
stories, managing our mind.
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:The final thing we need
to do, be consistent.
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:This can be so difficult, especially
when we don't see evidence that what
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:we're doing is actually working.
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:You have to get up and do it again
and do it again and do it again.
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:Even when it seems like it doesn't work.
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:The fact of the matter is anytime we want
to see a transformation or success in
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:any area of our life, the results come
after days, weeks, months, sometimes
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:years of consistent, small efforts.
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:Take weight loss, for example.
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:What if the first time you cut out
sugar, you expected to lose 50 pounds,
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:you'd be seriously disappointed.
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:And you would want to go right back to the
sugar because you think this doesn't work.
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:I give up.
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:Or the first day you counted
macros, you're like, this is the
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:day I'm going to lose 10 pounds.
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:No, that's not realistic.
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:We know that.
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:It sounds silly when we talk about
it like that, but in business,
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:we expect immediate results.
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:We put out a reel on social media
and we expect it to get 5, 000 views.
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:Well, it's not working.
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:Well, it's not working.
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:Well, yeah, right now it's
not working because we haven't
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:been doing it long enough.
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:Small, tiny, consistent efforts over
time is what will give you success.
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:The bummer is that these small,
simple steps are not exciting.
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:They're not sexy.
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:They're not grandiose.
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:Nobody's going to be like, Oh, you posted
every day on social media this week.
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:Good job.
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:Nobody cares.
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:Right?
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:They don't seem to matter.
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:important, but it's these small
ones that make all the difference.
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:Eventually, you're going to get to
a point where these small, simple
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:actions are just second nature to you.
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:They're just a habit.
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:And then you can build from there
and do bigger, greater things.
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:But if you don't start small,
you never make progress.
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:The fact of the matter is these small,
simple things will feel like not enough.
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:I guarantee you most Fridays, I think,
gosh, what did I even get done this week?
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:It doesn't feel like enough, but
I put out my podcast and I posted
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:on social media and I emailed my.
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:List, and I did the small, simple
things that I was supposed to do, even
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:though they don't look big and little
by little, that's what yields success.
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:In truth, not everyone is willing
to do those small, simple things.
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:In fact, very few people are willing to.
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:A lot of people try business for a while
and then they give up because it didn't
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:yield the success they wanted in three
months, six months, maybe even a year,
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:but that's how you are going to win
is by sticking with it and doing those
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:small, simple things for a long time.
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:So the trick is to just keep
showing up every single day.
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:Take some small action in those
three steps of your customer journey.
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:Every single week, find those new people,
nurture them, convert them to clients, and
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:eventually you will start seeing success.
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:It's like getting a freight
train moving, right?
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:At the beginning, it's so hard.
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:It feels like every step
forward is a Herculean effort.
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:And then eventually, It's going
along at a clip that you get to even
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:hop on and ride for a little bit.
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:That's when your business is making money.
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:It's profitable.
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:And it's really making an impact that
you dreamed that you'd be able to make.
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:But at the beginning,
it's going to be hard.
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:It's supposed to be hard.
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:There isn't one single moment that's
going to make you feel like a success
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:in business until one day you wake
up and go, Oh, it's everywhere.
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:I see signs of success everywhere.
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:It just kind of creeps up on you
because of those small, simple steps.
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:So get out there, be consistent, manage
your brain, take action in all three of
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:those steps of your customer journey.
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:And you will absolutely see success.
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:Just remember that every mistake, failure,
misstep, screw up along the way is one
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:step forward in the right direction.
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:Good luck, my friends.
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:I'm rooting for you.
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:Are you ready to start or
grow your dream business?
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:Click the link in the show notes to
download the free starter guide to
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:building a business or to schedule
a free coaching call And if you
368
:loved this episode, Don't forget
to leave a review and share it with
369
:a friend who might be feeling the
call to burn a little brighter.