Coaches’s income streams takes planning premium content in varied formats and specific marketing sources to insure that you meet your income goals.
Setting Realistic Goals for Multiple Income Streams
Coaches are interpersonal helpers and need emotional and financial security. Most coaches I’ve met are not financially savvy people, but willing to learn and gain the financial planning skills.
So I ask, “How much do you want to earn?”
“Well,” the coach responds,”I guess it depends on what clients are willing to pay?”
“Wrong. It depends on what you want to earn? Let’s start planning what you want to earn.”
To make an annual income of $40, 000 you would spend 18 hours a week working one-to-one with clients.
Add five hours a week to consistently market your coaching practice, and you have 23 hours total of your work week.
Most likely you would have no more hours available if you have other people in your life who need you. You also have to consider your fatigue factor, burnout rate, or your ability to be inspiring all the time.
At ACPI, we encourage you to be more creative and find more fun ways to engage your clients. All of the ways you engage your clients in exchange for their investments are multiple income streams. Stop trading your valuable time for money and see below this sample of multiple income streams.
Go For The Larger Income Model From the Beginning
Why we at ACPI suggest that you began with larger income goals is to inspire your ideas and to motivate you to create a true business vision. Then through planning your Relationship Coaching business financial goals, you can initiate a six-month or twelve month plan to offer ready made courses, group coaching, training in emotional competence skills, as well as information products. ACPI provides these courses for you.
Many coaches start by pricing their services lower to attract more clients. Then when they are busy and their time is scheduled, they have no choice but to increase those hourly fees and risk losing those clients who are paying already. Why not focus on clients who have the ability to pay for your services up front and recognize the value you provide.
Few coaches, who come from helping professions to ACPI, have set income goals and actually brainstormed on how to achieve that.
The multiple income streams below have a targeted number of clients drawn to what you offer in a variety of courses, teleseminars, private coaching, or live trainings. You can see that even with minimal training, your ability to earn income can include any activities you like to provide.
Otherwise without offering what you are passionate about, you are more likely to burn out and be overwhelmed. So see what is possible below. Use this sample income stream chart to plan your own Relationship Coaching journey.
Planning Income Example
6 Month income projection
|One hour coaching for 8-weeks||One hour @ $85.00/4 weeks x 8 clients||$2720||$16,320|
|Course 1: Core Temperament Communication||4-week course and group coaching for 20 people @ $150||$3000 Offer 2x in 6 months||$6000|
|Course 2: Emotional Skills in Relationships||4-week course and coaching support for couples.10 couples @ $500 each||$5000 Offer once every 6 months.||$5000|
|One-day Live Training in Relationships||For 10 couples @ $897 per couple. ||$8970 Offer once every 6 months||$8970|
|Teleseminars|| 2 teleseminars per month @ $20.00–40 people per month||$4800||$4800|
|Total || || ||$41,090.00|
Life has probably thrown you a curve ball or two along the way. You’ve likely had times when you felt unsettled by past events or things to come. That amount of discomfort can lead to inner turmoil, and returning to true happiness means having a plan to refocus your attention and energy
However, it’s possible to separate how you feel about a negative event from your inner calmness and peace. The minute you start letting emotions take constant hold of your soul, life suddenly becomes chaotic.
The key is to learn what it means to find true happiness.
You can experience the joy of true happiness by following these simple guidelines:
- Accept your limitations when you feel the urge to give everything you have to pacify a situation. Some situations may be beyond your ability to resolve.
- Learn to accept what you can and cannot change. It’s okay not to know all the answers!
- Instead of allowing guilt to eat away at you, feel at peace with the fact that you did all you could.
- While there’s always room to push yourself a little harder, avoid the point of burn out.
2. Nobody promised that life would be a bed of roses. As long as you act according to what your conscience dictates, you can be proud of your actions!
- The heaviness that you might carry around with you is unnecessary. Check in and see what needs to be lifted.
- If you’ve accepted the part you played in the outcome of a situation, acknowledge it and move on!
- The more honest you are with others, the easier it is to be frank with yourself.
3. Show kindness. Every interaction with another person includes heart-to-heart connection. Recognizing the connection can help you feel more appreciated and appreciative.
- Use every opportunity to help someone in need. It doesn’t matter what it is that they need. By giving your time or resources, you automatically feel you’ve completed part of life’s mission. That’s true happiness.
4. Appreciate your blessings. At times like these, take a moment to look at what you’ve attained and received. The extent of those blessings might surprise you!
In a nutshell, true happiness comes from being sincerely happy with who you are and what you have. Remember that there are always people who yearn for what you have. That should be enough to tell you that you have a lot! Contentment is the key to true happiness.
The great gift of human beings is that we have the power of empathy, we can all sense a mysterious connection to each other.” ~ Meryl Streep
Get Paid For Your Talents
The ability to resonate with another person on a deep level is the talent of a parenting coach, and all coaches for that matter. Such resonance is achieved through empathy, the ability to feel with her client, not to feel for them or about them. Resonating with clients is a striking intuitive knowing which enables you, as a parenting coach, to predict their needs and provide an unprecedented quality of caring.
The ability to resonate with others is the character strength of a person whose core temperament is Interpersonal, adaptive, or supporting. You are a natural in being supportive and caring in your responses to others. The mottos of the Academy for Coaching Parents International are focused around this concept of empathy:
“To empower and sustain loving relationships” and
“To make a difference.”
The first thing a coach does is establish a loving relationship with the client, who may be a parent, grandparent, caregiver or anyone who has hired a coach to help them better parent or serve as a more effective guardian or caregiver to children.
Parent coaches assist, help, inform, inspire, and educate. They provide clarity, reflection, and reality checks for parental illusion, and support a parent’s intuition. They are responsive and responsible as they provide frameworks and structures for conversations around sensitive issues.
A parent coach may serve as a coach for a parent’s personal confidence, or is involved with family relationships and parent/child issues. A parent coach is a mentor, not a doctor, minister or therapist. A coach is a friendly person a parent can call with everyday problems. A coach provides encouragement and expertise, coaching and challenges, all with the foundation of empathy. Through empathy the connection is made.
Are We Born With Empathy?
- Empathy is more than feeling pain; it is also connecting to one’s struggle, emotional intention, as well as feelings of joy and celebration.
- Babies demonstrate empathy in a global sense. If other babies cry, then babies respond with crying.
- By the time a child is 2 ½ years old, he or she has developed a self-identity and understands the feelings of distress belong to his playmate or parent or sibling.
- You will see preschool children empathize by reaching out to alleviate another’s distress through words or touch.
- By age 8, a child understands the human plight of birth, death and vulnerability.
Children depend upon the demonstrations of responsiveness, warmth and empathy from the people in their world to continue cultivating connection and empathy within themselves… or their ability to remain empathic is up for grabs.
A parent coach is the model for empathy, helping a parent to learn the use of empathy through modeling. In turn, a parent who feels successful will model responsiveness with their children. AND…we will have succeeded in making a difference – the truer mission of a parenting coach.
Let your genome make you successful:
Now you think have an empathy gene? Would you like to use it for making a difference in the world and at the same time get out of this rat race and be financially successful at the same time?