Become a Business Coach

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Become a Business Coach - $10,000 Money Making Mama Challenge

become a business coach
Want to learn how to become a business coach? You have come to the right place.

This page will provide you with information on just what an online business coach is, what it takes to become a business coach, and give you an idea of why being an online business coach is such a hot career option.

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What's a Business Coach?

So, you may have heard the term "online business coach", but do you know what is? If you look at any highly successful person in this world (no matter what it is that they do) you will find that they all probably have one thing in common - they have a coach or mentor behind them, advising them on what they need to do to be successful. Actors and models have their agents. Athletes have their coaches. The same goes for business owners.

Successful business owners very rarely get to where they are without some form of coaching, whether it be direct (in the form of a mentor that they meet with) or indirect (such as reading/listening to materials from industry leaders, attending seminars, etc.). Many of them hire personal business coaches to help them navigate the industry and get to where they want/need to be. An online business coach is someone who provides this service remotely via the internet.

If you want to learn how to become a business coach, you will need to decide exactly what you want your specialty to be. The online business coach field is one that is very popular and saturated. Because of this, it is critical that you focus on a skill set that you excel at in order to carve out your own niche and reach your laser targeted audience. There are several different kinds of online business coaches. Which one sounds the most like what you want to do?
  1. Executive Coach – This type of online business coach helps their clients who are in executive positions.
  2. Career Coach- This coach would help their clients to determine what career is best suited for them and teach them what they need to do to excel in that career.
  3. Time Management Coach- This coach would help their clients to be able to effectively and efficiently do everything that they need to do by focusing on time management and organizational skills.
If you are wondering exactly what the benefits of being an online business coach are, here are a few:
  • You have the opportunity (many times over) to positively and significantly impact the lives of others by helping them to chase their dreams and achieve their business (and, by extension, personal) goals.
  • You can do this without having to leave the comfort of your own home.
  • Because you are able to work remotely, you have a much wider area of influence. Whereas traditional, brick-and-mortar business coaches are limited to their area or to one place a time, online business coaches can have a global reach, working simultaneously with clients all over the globe.
  • Since you are able to work from home, your schedule will be a lot more flexible. You can set your own hours and work when you want to. If you only want to work part-time, you can do that. If you want to do this in addition to another job, you have that option as well.
  • Being an online business coach also affords you the opportunity to determine your own income. Once you get to a certain point, you will be able to charge however much you want for your services. And, because there are so many entrepreneurs out there, there is always a pool of possible clients
  • Becoming an online business coach also opens you up for other career paths such as becoming an inspirational or motivational speaker or an author as you find more venues to get your knowledge out there in front of people.

How You Can Get Involved

If you have a passion for helping other people achieve their dreams, then being an online business coach may be the perfect opportunity for you. An online business coach focuses on helping their clients build successful business by working with them on such things as:
  • Creating a detailed, workable business plan
  • Determining a budget and handling finances
  • Creating a strong, effective marketing plan
  • Overcoming obstacles and staying on track
  • Building Confidence
  • Staying Motivated
  • Leadership
  • Team-Building
  • Sales and Management now, you might be wondering "How do I know if I have what it takes to become a business coach?"

First of all, you will need experience - the more the better. After all, the best way to teach someone how to do something is to successfully do it yourself. Having gone through the same steps they will be walking, you will be well-placed to teach them what they will need to do every step of the way. You will even be able to use your failures and setbacks to assist your clients by providing them with tried and true methods for avoiding common pitfalls and overcoming obstacles that may pop up. Having someone on your side that has been through what you are experiencing, who can tell you the best way to do things, and who has achieved the success that you are striving for are all great benefits of hiring an online business coach. So that is what you want to be for your clients - a knowledgeable guide.

As I previously mentioned, you will definitely want to specialize as much as you can. You may think that specializing may limit your reach. But what it really does is helps you to focus on those people who actually really need (and are willing to pay for ) your services. When people do web searches in the pursuit of advice, they are not likely to be very broad in their search - they will be specific because they are looking for specific information. So, rather than being broad in your services, be specific. After all, people prefer working with someone who is extremely skilled at one thing rather than someone who is average at a lot of things.

So...what exactly do you need to do to become an online business coach? Below are some helpful steps that you should follow:

Consider obtaining coaching certification and/or taking courses related to business coaching.
Having proof that you have the skills and knowledge to do what you claim is one thing that will set you up for success from the beginning by putting you ahead of those who have not taken this step. Not only will it make you more credible, but the knowledge that you gain will only enable you to better serve your clients.

Determine your niche.
What will you focus on? Small business? Leadership? Time Management? Come up with a list of services and products that you will offer to your clients.

Do your research.
Find out who your competition is. What do they offer? What kind of experience do they have? Then put together a statement that illustrates why you are unique and what you have to offer that no one else does. In this industry, you will need to be able to stand out from the crowd.

Know your target market.
Find out exactly who they are. Be as detailed as possible: what do they do for a living, what do they enjoy doing in their free time, what is their educational level, what is their annual income, what are their goals, why are they seeking the services of a business coach, what are their pressing concerns and needs. By knowing your target audience, you are better able to locate, attract, and help them.

Market yourself- heavily and smartly.
Create a marketing campaign designed to get your info to to as many people as possible. Highlight your skills, knowledge, and achievement. This is no time to be humble. Let people know why you are someone they should want to work with. Think about all of the relevant experience you have attained and present your qualifications in a way that is simple yet powerful.

Be a life-long learner.
It sounds a bit cliche, but trust me when I say that there is always something more to learn. This industry is an ever-changing on. There is always new information, new tools, and innovative ways of doing things. If you fall behind in knowing these things, you are falling behind the competition. Make an effort to continuously educate yourself on the latest trends, information, resources, and tools of your field.

There are other things that you will want to consider doing. For example, talking to or even working with other business coaches. Doing this will give you a better idea of what to expect and hiring a coach will allow the opportunity to see what it is like to be on the other side of the coach-client relationship. This will help you to figure out what your clients want or expect from you and will enable you to better relate to them. You will also want to consider registering your business with the state and obtaining liability insurance to protect yourself in the event that a client decides to pursue legal action against you (hopefully you will never have to deal with that, but better safe than sorry, right?).

What Kind of Money Can be Made in Coaching?

I am sure that you have been wondering just how lucrative it is to become a business coach. It is estimated that an online business coach can charge upwards of $500 an hour for their services (depending, of course, upon factors such as their experience and the demand for their time). It is said that the average earning potential for experiences business coaches is $134,000 per year.
be a business coach

Types of Coaching Programs

Is business coaching the right opportunity for you?

This comprehensive, and did I mention, totally FREE, ebook will walk you through the types of coaching programs that you can start yourself.

Discover if this path is the right one for you, and learn the topics you should explore further.

Complements of Stay a Stay at Home Mom. I want you to succeed!

Download your copy "Moms' Guide to Types of Coaching Programs"

I, personally, have been on both sides of the coaching equation. Not only do I currently invest monthly in a business coach, I also have a limited number of clients that I coach. Its a "help and be helped" kind of world.

Have you ever invested in a business or personal coach? What was your experience?

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