Business/life coaches

[curiousandcurio]

Hi all.

Just wondering if anybody had experience with business/life coaches? I see so many of these sponsored posts on social media claiming to change your life to set up 'passive income' streams to earn huge money. All you need to do is that pay £500 for a course with the coach and they will show you how to ha he your business/life. Then it seems like you then start your own coaching course alongside your business to teach other people how to start courses. What the hell are these courses that people are paying this money for.

There is one coach in particular who seems to be having 5 figures months consistently but I read an article about her recently and she rented a house and didn't seem to be living the life she proclaims she has on social media.

Aibu to think this is all bullshit or has anyone made money from signing up to one of these coaches/courses?

I've used both. Got incredible value from the life coaches. Less so the business ones but still of use. But with "training courses" online from £25 (FFS!!!) And MLM #bossbabes now posing under the banner there are more charlatans out there then ever which brings the whole industry's reputation down.

Look for genuinely useful content in their social media, look for them on linked in, look for who they are working with, and if it helps set your mind at rest, look for the ICF or ILM logo (I personally don't, I've had dull bland experiences with both those types and much better ones with people who have walked the walk and done decent coaching training even if not necessarily certified).

I did put 20k in to start with ... which gave me a good head start! It was an inheritance but I'd have much rather had my much loved relative around for longer.

I made just under 50k profit in the first year so the profits are not huge (again I'm honest about this in my course) but it beats being tied to a desk job 9-5pm!

First year turnover for me was 250k so I thought £500 is a reasonable price to charge for my course

Assuming you’re still operating at this level, your turnover is £192/hour. To cover the cost of having you away from your business to teach, you’d need to run courses that are no more than 2.5hrs long. I’m not sure if there’s much of a market for that?

Of course, that doesn’t take into account your travel time, travel costs, venue hire, materials etc.

@Smeegler 20% profit in your first year is huge!!!

Are you one of these sellers that buys from Alibaba and then sells via Amazon.

@VodselForDinner.... its an online course I've written, 10 modules with videos, powerpoint, and assignments, so it won't need much upkeep, only marketing I'm thinking.

@curiousandcurio .... Only about 5% of my stock is from Alibaba as I've been stung in the past. I mainly use wholesalers with a few tried and tested tricks of the trade thrown in .... product flipping for example.

I did some training recently for an exam that dealt with management and leadership. The trainer does a lot of work as a business coach and he was brilliant. Really knew how to make you examine yourself and your goals and options and help you work through it all and draw out the answers for yourself. It was incredibly effective and even though the main purpose of the training was to pass an exam, I learned a lot about myself and the factors that motivate me which I've applied to my work and my life outside work (a nice free bonus I guess). I'd say this chap has a natural talent and it's most definitely not something that could be bought in PDF format for £25 from an MLM bossbabe.

I've also recently trained as a coach myself, but in the capacity of coaching people to help them achieve a specific qualification (without wanting to out myself too much). The premise is much the same as the above except you're working through different goals - but not solving anyone's problems for them or giving them the right answers. The training dealt with communication techniques, rapport building, effective questioning, objective and goal setting etc - it was very interesting and I enjoyed it immensely, and am looking forward to having my first coachee.

I had no idea coaching was now an MLM (is there nothing they can't squeeze into the shape of a pyramid?) but a quick google confirms that it is. And there are specific coaches for struggling network marketers

I know many people who style themselves as business/executive coaches when in reality they have failed careers and are probably unemployable.

I know a few people who have been immensely successful, made a fortune from their professional lives, and are now in a position to support/mentor others in achieving potential.

Coaches can be great, but be careful which pool you fish from.

I use business coaching as I've just started a training business. They're expensive but totally worth it and I've had 3 times my money back. I sussed them out for 6 months first though as I needed to be sure they were worth it. The introductions from other people also being coached alone make it worth it.
LOTS of MLM'ers call themselves coaches where I am though which gets right on my wick!