Income Stream #3
Offer free and fee TeleClasses to build your network, attract new coaching clients and even earn revenue, all from home.

 

from coachville.com

 

Introduction
If you have an area of expertise, you can create an additional income stream by offering a TeleClass or TeleClass series. TeleClasses are offered via a teleconference call with anywhere from 4-100+ people. This is a great way to use knowledge and expertise from a previous career or industry. TeleClasses allow you to leverage your time. Many coaches offer a free TeleClass as a preview to a fee-based TeleClass series.

TeleClasses are similar to group coaching in that a group of people are together on one call, yet there are some key distinctions.

TeleClasses focus on a specific topic such as:
How to Promote Your Business with ....Ezines, Booklets etc
7 Steps to Creating Financial Freedom (see story below)
How to Reorient Your Life Around Your Passion
How to Improve your Marriage
How to Effectively Lead Teams Remotely
Visit http://www.TeleClass.com, the largest listing of TeleClasses worldwide for examples of more TeleClasses.

Typically there are 1-8 sessions.  Different levels of service may be offered as 'add-ons' such as 1-1 coaching or products such as audiotape programs or books/ebooks.


Real World Example

Carol Alka: Take Control of Your Life Teleclasses
dynamicachievers.com | carol@DynamicAchievers.com

Hello, my name is Carol Alka and I am a coach who specializes in Career and Life Transitions. I have found that conducting a great TeleClass can lead to many good things in life. I conduct a TeleClass called "Take Control of your Life: Transition into the Career you have Always Wanted."

I start out with a FREE session giving lots of details about making a transition in your life. Many people who want to make a change really don't know where to start. This class gives them an opportunity to discuss their fears with others while they get some real practical advice from someone who has been there and done that. When people leave my FREE session TeleClass they have a complete list of places to start and things to think about. Plus I have a host of additional questions and ideas to expand my coaching practice.

Those who leave my FREE session class, have an opportunity to join a group coaching session later in the month. This group is usually made up of people who are really serious about making the change in the next few months. I generally have 3 or 4 people in this paid 3-part series. This method of coaching allows those who want and need some coaching to get their feet wet, while minimizing the cost. (Group coaching is much more cost effective for the client, $49 for the 3-part session.)

After the group coaching session, I usually pick up one or two new clients who want to spend more time developing their future and realize it really is time to "Take Control." But the income stream does not stop there. With all the knowledge and ideas that have been stimulated from these classes and coaching sessions, I have now developed a group workshop. I offer this "Transitions" workshop to my existing corporate clients and also to community groups and local seminar producers. Both sessions have been very successful and I have been rewarded with some great new clients.

And if you think the income stream stops at that point, think again. All of this additional knowledge has given me the opportunity to put together a couple of e-books. The e-book topics include: Asking Effective Questions, Making Transitions Painless and Building a Workable Mission in Life. All of these topics relate to my experiences in life and how I have been able to help others make the transitions.

When you develop your first FREE session, don't develop the longer version until you have received feedback from at least 2 or 3 FREE sessions. The more input from potential clients, the better your content will be. And have fun with it. Giving a TeleClass is hard work, but if you aren't making it fun for yourself and your clients, you won't get the results you want to achieve. TeleClass have been a great launch to my business. I challenge you to find a topic and jump in…and if you still have some FEAR…Get a Coach!

Sandy Forster: Millionaire Mindset TeleClasses
www.prosperitycoaches.com | sandy@prosperitycoaches.com 

Hi my name is Sandy Forster and I run a TeleClass series called "Millionaire Mindset - 7 steps to Your Financial Freedom Photo of Sandy Forsterand surefire strategies to Increase your Prosperity Forever". Going from a $15,000 annual income to over 10 times that much in one year but still struggling financially seems ridiculous - but that's what happened to me! I realized there was far more to being wealthy than learning the secrets to manifesting money - you also need to know how to manage it and make it grow.

I immersed myself on the subject of attracting and managing money and once I was able to change my direction from financial chaos toward financial freedom, I realized there must be many others who would love to be able to experience greater levels of Prosperity in their lives and would benefit from the thousands of hours of research I'd done so I designed and wrote the Millionaire Mindset series.

I decided very early in my coaching career (I've been a coach for one year now) that I wanted to make maximum money for minimum time. Living in a beautiful part of the world on the coast of Australia, my lifestyle is my priority - so reaching many people at once from around the world through TeleClasses seemed like the perfect option.

I offer a FREE introductory class through TeleClass.com and usually have between 40-100 people participate. The Free class is full of information and hot tips that people get real value for - I want participants to walk away with specific information that will allow them to attract more abundance into their lives. After spending an hour with me, participants can feel if my style (fast-paced and fun!!) and the knowledge I have to share will be of benefit to them. At the end of the class I spend around 5 minutes giving those that are interested some details about my 8 week TeleClass and around 15%-20% decide to join the paid series.

The Millionaire Mindset Teleclass is offered a few times
 a year, and I also offer each class on Audio-Podium (if the class time clashes with the participants schedule, they can phone into a recording of the live class 24 hrs a day). I have anywhere from 12 to 45 people sign up for each 8 week series.

I have 3 price packages available - Gold, Deluxe and Elite - and full tuition for the 8 week series ranges between $255 up to $1,200 (the higher priced packages include extras like home-study audio-tape sets, a series of private Prosperity Coaching sessions with me, being able to repeat the program as many times as they want for free etc.)

Each week the participants join the call and spend on hour listening, questioning, sharing and generally linking in with a group of like-minded people that are focused on bringing more Abundance and Prosperity into every area of their lives. When I coach an individual on the call, all the other participants benefit too, and when one person has something exciting happen using the exercises and tools they've learned in the class - we ALL get excited!! Around 10% of the class hire me to coach them one-on-one after the series is finished, which I really enjoy doing as the client very quickly makes progress with such focused attention and it really re-enforces what they've learned in the TeleClass.

Also, I offered to take coaches from one of the leading Coach Training Academies here in Australia through my Millionaire Mindset series (for free). After taking me up on my offer they saw the benefit it had on the coaches personal and business lives and now I take their trainee coaches throughout Australia and N.Z. through the series (paid this time!!) In fact, it currently looks like I'll be taking all their coaches in the U.K. and Europe through the program too!

Suggestions related to Teaching Your Own TeleClasses

Choose a topic that you're an expert in and passionate about!
Determine the size of your market for your topic before you spend the time and effort creating the TeleClass.
After you create the program, offer the TeleClass(es) for free or at a discounted price to test and refine the class.
If you offer a free information filled TeleClass determine which fee-based products and services you are going to upsell or offer the participants.

Related resources

TeleClass.com (Your $39 listing usually attracts 10 to 50 registrants thanks to the free marketing included.)
TeleClassLeader.com offers a six week Certified TeleClass Leader training.
Both services are from CoachVille.com.







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