Income Stream #11
Provide ancilliary/support services for coaches.

 

from coachville.com

 


Introduction
As with all businesses, many tasks need to be taken care of. Coaches hire bookkeepers, accountants, virtual assistants, website designers, etc. to run those parts of their business. This allows coaches to concentrate on creating, delivering, and marketing their services and products.

Before becoming coaches, some individuals worked in the occupations mentioned above. So coaches sometimes offer support services to coaches because (1) they like their former occupation, or (2) they need to make some extra money while starting their business.


Real World Example

Belinda Merry: the Professional Coach's Business System(TM)
www.belindamerry.com | belinda@belindamerry.com

Hi, my name is Belinda Merry and I am the author of the Professional Coach's Business System(TM) - a manual and CD set to assist coaches in setting up and running a truly professional coaching practice. Prior to becoming a coach I was a senior administrator and often called the 'systems queen' in my corporate job. My 1:1 coaching practice grew rapidly and a major contributor to this success was my business systems, that is, my pre-coaching career expertise. I didn't know it at the time but I had a skill that other coaches were willing to pay money for.

As my coaching career progressed (I've been coaching over 2 years now), other coaches began to ask me for tips, time and tools to help them grow their practices. When I told them I took every Friday afternoon off work, they couldn't believe it, as they knew I had a full practice. (Now I take all Fridays off!) It was my own coach who assisted me in realising my systems were marketable and then my husband suggested that I package them up into a salable product. Here was the pivotal moment - I had a new perspective on something I took for granted - my skill with developing and sharing systems.

Writing the Professional Coach's Business System(TM) was a real joy, it flowed and was great fun. Once it was written, I asked coaching colleagues to test it. I included coaches I didn't know to test it for me to be sure I would get unbiased feedback - I called all these generous coaches my test pilots. CoachVille calls it your R&D team. Their comments, feedback, critiques, ideas and suggestions were invaluable and these were incorporated into the final product.

An area I did not have expertise or experience in was packaging and marketing of products, so... I asked for help and people gave it freely. This was a wonderful learning and time of discovery for me - I connected with other coaches from all over the world for input, moral support and ideas on how to package and then market the system. Being part of a global community of virtual and real coaches was invaluable at this stage of my product development. This alone has made my CoachVille membership priceless. I didn't know how to price the system so it was my R&D team that I turned to - they suggested different pricing for download and hard copy and also a discount for associates (yes, that includes CoachVille members). The system currently sells for between A$660 - A$1320 (Australian currency). (US$459 - US$759)

To give the Professional Coach's Business System(TM) exposure I attend global and local coaching conferences, write articles, speak at coach chapter meetings, and am soon to run workshops. It is crucial that I put my product in front of my target market. These strategies are all part of my life as a coach, so I don't feel like I am working or selling - I have found my passion and made it my profession. It just flows.

How to have "more peoplework and less paperwork" is what the Professional Coach's Business System(TM) is all about.

Initially, it took a lot of work, but the reward is that I have a product that is producing income and doesn't require me to be physically there. Here are my suggestions for creating your own product or service for coaches:

  1. Identify what skills you have that others may not - change your perspective if you have to.
  2. Draft up a beta version.
  3. Test, and test again. Have test pilots (an R&D team) to give you all-important feedback and suggestions.
  4. Ask for help in areas you lack skills in or are unconfident about.
  5. Make your product or service available to your target market.


Marie Antoinette Popolizio
info@buzzboxaustralia.com | www.buzzboxaustralia.com


Hi, my name is Marie Popolizio and I provide support services for coaches through my Professional Coaches Referral Agency, Buzzbox Australia. I completed my coaching accreditation in 2001 and realised very quickly that there is a huge need for professional support services within the coaching industry.

Professional Coaching is growing and expanding so quickly, across a diverse range of industries and profiles, that the demand for professional support services is paramount to keeping coaches abreast with the practices and activity of coaching worldwide, and to give coaches the BEST possible professional exposure to the largest market segments.

Acknowledging this real need within our industry, and tapping into my diverse background in business management, marketing and design, administration and IT, I created and established the Buzzbox Coaches Referral Agency.

The Buzzbox Coaches Referral Agency serves to provide:

  1. Referral of the finest professional coaches, governed by unprecedented standards and practices of the professional coaching industry.
  2. Endorsement of professional coaching organisations, specifically dedicated to enhancing the community and networking of professional coaches - to develop, support and maintain the dynamic growth and emergence of professional coaching.
  3. International affiliation with collaborative and representative peak bodies and organisations, to enhance and diversify the implementation of personal and industry specific success of professional coaching.
  4. Professional development for coaches through the endorsement of national and international continual education and skills development, to maintain the professional growth of the coaching industry and to keep up to date with the latest coaching products and services from around the world.
The Referral Agency is free for professional coaches to join. It represents and endorses certified, ethical and outstanding coaches - passionate, brilliant, gifted professionals who are in this business to make a magnificent impact on people's lives in return for dynamic, positive and long term personal and financial rewards.

As a member, coaches are represented by the Referral Agency locally, nationally and internationally. Referrals are generated via our presentation events, seminars and workshops, information evenings, advertising and promotions, corporate affiliations with peak bodies and national organisations, and coaches are allocated one full web page for their profile and expertise on our website.

Coaches are provided full access to the first industry specific web based "live" coaching software, that I have personally developed. It includes a real time diary/appointment system, full stationary downloads in .pdf format (which mail merge your personal business details on all stationary for direct advertising and referral or YOUR business), coach and client details, payment facilities, interactive coach resource/library facilities, and coach network/bulletin board.

Referral charges to coaches only apply to successful referrals. A flat rate is charged per client who commits to a coaching series or service/s with a coach. No other referral fees or charges apply.

Other avenues of service income are generated through: Train the Trainer courses, workshops and seminars; Advanced Coach Training; Business Integrated Coaching Software; coaching products and tools (from other business sources); networking affiliations; membership packages; and Refer-a-Coach incentive schemes.

Gyan Baird
gyan@EpiphanyCoach.com | EpiphanyCoach.com


I began my career as a graphic designer in the publishing industry and have continued to apply my design skills to everything I've done over the past 20 years (comes in pretty handy no matter what I'm working on!). When I transitioned into coaching in 1999, I met many wonderful coaches.

Over the years, these coaches have really liked my logo, forms, business cards, stationary, website, brochures, and flyers. Many newer coaches have asked me to design their business image by creating their logo, printed materials, or website. I love being involved in the startup phase; it's so exciting to help someone's vision unfold.

Launching a new business can be thrilling, challenging, and sometimes overwhelming. I love helping new coaches clarify their coaching practice and translate that into great graphics. I've also worked with many authors and publishing houses over the years to design and proofread/edit books. I'm currently working with a coach who is writing her first ebook this spring. I find that providing coaches with graphic design services is just another way of supporting and enhancing the professional image of the coaching field.

Suggestions related to Providing Support Services for Coaches:

Establish, very specifically, WHAT services you want to provide and WHY.
Determine your coach market - WHO are you offering support services to?
Explore the best service structure/s - HOW your service/s will be provided
Create and set up strong, dynamic systems with minimal steps.
Offer both PAID and FREE services, to encourage new coaches to join, reward existing coaches for their membership and support, and to maintain the integrity, professionalism and profitability of your service/s and business.
Network with as many other reputable professional affiliates and organisations as possible (both within the coaching industry AND complimentary to our industry).


Related resources
See examples of other support services at www.bridgerentals.com, www.teleclass.com, www.instantwebaudio.com and www.cartville.com

All services are from CoachVille.com.







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