One of the things that trips up new coaches is many people saying that the way to become a prosperous coach is to have high fees. I see the exact opposite.
I think increasing your fees too quickly is often a way to stay stuck and not make a good income in coaching. I've met coaches who have been paid thousands or tens of thousands of pounds by a client who was very happy with the service, but they're not getting consistent clients and therefore their income is far lower than they really want.
Now, the actual number will be different for different people. For one person getting paid 50 pounds per session is just far too low, and for someone else, it's a huge sum of money.
My advice is to **charge a fee that you feel comfortable with and that you know is incredibly good value for money. **
Then, get full at that fee level.
Once you're full, your fee will go up simply based on higher demand – and it can increase quite significantly. But if you're trying to increase your fees to a number that no one is willing to pay, you are hampering your growth as a coach.
So if you feel like your fees are low, especially when you're starting out, just remember that at the beginning, it's not about the fee. What's more important is that you get experience of getting paid coaching, because the more you coach, the more comfortable you'll get with coaching and the better and more impactful you will be.
If you haven't watched yet the recent coaching demo I did with one of the members of my Coaching From 3 Principles Understanding Facebook Group, head to the group now. I did this to highlight that I will be conducting two of these a week for the upcoming AJC Coaching Career School.
Since the video recording is in a private group, you must first join the group if you haven't already to gain access to it. In case the link doesn't work, please head to the Guide's section within the group, you will find the video under the AJC Coaching Career School.
With love and appreciation,
Ankush Jain
Coach and Author of Sweet Sharing – Rediscovering the REAL You