Test Ways to charge for your services

QUESTION 1: WHAT SHOULD WE KEEP IN MIND AS A BUSINESS COACH?

Our work as a coach is a form of independent entrepreneurship where we provide consulting services to companies, businesses or non-corporate individuals
We must keep in mind for ourselves that we are a business, our own company, we have value and knowledge for others and we need a form of livelihood or remuneration for our work

It depends on a series of factors that we must know and take into account in order to establish our price
We can set our prices according to the type of service we are going to offer, since each activity we perform has its particularities and generalities
We can design a program model with a variety of coaching offerings depending on the company's availability of resources, type of business, availability of personnel, or interest in coaching
Another way we can estimate is according to the type of service delivery, whether it is online or face-to-face

With individual training, the client receives personalized and individualized treatment and can channel their doubts and concerns in a confidential manner
Providing group coaching usually resembles an interactive conference as you prepare a program for a group of clients with common interests, with a predominantly interactive atmosphere
With a group coaching offer we can adapt a moderate price to make the proposal more attractive
When a client first approaches our coaching offer, he/she is often more interested in an interactive course where he/she can also learn from his/her peers and create interpersonal relationships

For digital training, consulting is done through videoconferencing, providing a margin of flexibility and convenience for both parties
The advantage of digital training is that we can do it from wherever we are, whether we are traveling or out of town, and we can even have clients from anywhere in the world
With face-to-face training, counseling is conducted as in the old days and a meeting place and time would be agreed upon, either at the company or another specific location
The face-to-face modality may have a higher price because we must guarantee the cost of transportation to the agreed place

In order to charge for your services as a coach you can present interesting proposals such as hourly pricing models where you charge only for the time you spend working with the client
In general, these hourly rates tend to have a higher price because they are sections of short duration
Occasionally some clients who come to us come to us with small gaps in their business knowledge and only need short advice
Working by the hour allows us to save time and it can be attractive for the client to clarify their doubts without the need for a complete course

We can offer package models that include several services with different prices according to the client's needs
Also, in order to provide a more detailed follow-up to the client, we offer a subscription model with the possibility of systematic consulting for a long period of time
Charging services in packages is usually more advantageous for us as coaches because we show the client a guide about the preparation and knowledge that he/she will receive with our offer
It is important to guarantee our professionalism to have previously drafted our model offers, so that the client can trust us with a safe and promising proposal

Some clients may be hesitant to charge in advance because if they do not know how coaching works, it is normal for them to resist the idea of advancing money to a stranger
A good method we can use to collect securely for both parties is to pay fifty or thirty percent in advance; it is more advantageous for the customer to advance a portion
In order to speed up the payment process, it is necessary to keep the payment gateways active and updated, whether it is paypal, bank transfer or cryptocurrencies
None of the above

You must be clear that this is a business and the payment for your services must first cover the basic needs of your company
First of all it is necessary to keep the business machinery running, guarantee your taxes and internet hours
Keep in mind that your collections must support administration, marketing, program creation and invoices
Remember that you are your own boss and you must keep your business in order