If you're a coach looking to increase your revenue, you might be feeling overwhelmed and unsure about choosing the right sales model for your business. Should you sell high-ticket courses or memberships? Each option has its advantages and disadvantages, and making the right choice can make a significant impact on your success.
One common sales model in the coaching industry is to sell high-ticket courses. There are several advantages to this approach.
Transformational Journey: They allow coaches to take their clients on a transformational journey and provide the best possible service for them to have their breakthroughs.
Better Client Commitment: When clients pay a high price for a course, they tend to be more committed and engaged in the process. This means they are more likely to show up, do the work, and experience breakthroughs.
Revenue Boost: Selling high-ticket courses can be a quick revenue injection for your business. A few sales can make a significant impact on your income.
Direct Feedback: Sales calls for high-ticket courses are a great way to get direct feedback from potential clients. This feedback can help you improve your course content and marketing strategy.
However, there are also some downsides to selling high-ticket courses:
Constant Selling and Pitching: Selling high-ticket courses requires constant pitching and sales calls, which can be time-consuming and draining.
Sales Skills: For many coaches, this can be a huge struggle since they don’t feel comfortable with selling their services. Not everyone is comfortable with sales calls and pitching their services. It takes practice and skill to become good at it.
A membership is a subscription-based service that provides ongoing support, resources,
and coaching to clients. Here are some reasons why you might want to consider selling memberships:
Building a Community: Creating a community of like-minded people who love doing the same thing can be so empowering and uplifting for both: coaches and clients.
Client Retention: Memberships can help you retain clients after they complete your high-ticket course. Clients who have experienced transformation through your course will be more likely to want to continue working with you.
Regular Income: Memberships provide a steady stream of income every month, which can be helpful for financial planning and stability.
Less Content-Heavy: Memberships don't require as much content creation as high-ticket courses. You can provide small pieces of actionable steps to help clients achieve great results.
However, there are also some downsides to selling memberships:
Lower Price Point: Memberships typically have a lower price point than high-ticket courses, which means you need to sell more memberships to achieve the same revenue.
More Clients: Selling memberships requires more clients than selling high-ticket courses, which can mean more work and more time spent on marketing and sales.
It requires time to build a community and a higher income: If you don’t have the right marketing strategy to get clients in the membership, it can take a longer period of time to build a community.
The choice between high-ticket courses and memberships depends on your coaching style and the needs of your clients. High-ticket courses are great for clients who want to experience transformative change and are willing to pay a premium for it. On the other hand, memberships are ideal for clients who have completed a high-ticket course and want to continue learning and growing with you.
In conclusion, both high-ticket courses and memberships have their pros and cons, and the choice between the two depends on your business goals, coaching style, and the needs of your clients. Ideally, you can offer both high-ticket courses and memberships to cater to different clients’ needs and maximize revenue in your business.
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I've grown my online coaching business from my pantry to a 6-figure business in just two years while raising my little daughter.
I shared world stages with world-class speakers like Ken Honda, Mass Sajady, Bernardo Moja, inspiring women to step into their confidence and power and create a life beyond their wildest dreams.
My coaching business has woken up my true authentic me, given me the freedom to work with amazing souls from all parts of the world, travel, and work where ever I want, and enjoy time with my family and watch my kid growing up. I couldn't be more grateful for it.
But it wasn't always like this...
I had to navigate through the hardships of motherhood and business which made me cry and doubt myself more than I want to admit.
I failed and made mistakes.
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Every hard work, every drop of sweat, and every minute of sleepless night pays off when you become in charge of your life, time, and your financial freedom.
Like it gives you time and resources to support your loved ones, get your kids the best education, take your family on a dream vacation, get the best health care for your elderly parents, and much more.
Or beautiful messages from your clients thanking you for all the amazing work you did for them. Because of YOU, they can now enjoy life with their loved ones too.
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