After speaking about virtual and in person coaching, individual and group coaching,Today Karim will explore more features, frequency, duration and pricing, as important as the first ones to set the structure of the coaches business and sessions.
— Transcript —
Hey what’s up everybody, this is Karim Amri. Welcome to Coaching Secrets Podcast.
We started in the previous episode talking about the session and business structure in coaching.During which we spoke about some features, like whether the session is in person or virtual and whether the session is individual or in a group setting.
Today we’ll continue with the same topic, and we’ll cover some more interesting features that not only the coach should know , but also any one hiring a coach, or interested in learning coaching and join this industry.
Frequency and Duration:
One of the most important features of your coaching packages are:
How long the coaching program will be?How many time to meet?How long is each session?
Whole program duration: Coaching is a process and to be able to help the client achieve what he’s hiring you for, 1 or 2 sessions are usually not enough. Programs are usually designed for months, and take also into consideration the outcomes the client wants to achieve.
Frequency of meeting: Meetings can happen, monthly, weekly, every other week. In some cases the clients wants to meet multiple times a week, and this can be coordinated with the coach.
Durations: Durations are usually from 30 to 90 Minutes, they can be longer in some situations.
Setting your Price
Setting your price is an important feature in the way you want to position yourself.
Yes, there’s many factors that can help in identifying your prices, like experience, successful achievement with clients, certifications, and the value you’re adding to your customers, but at the end it depends only on you and what you decide for.
Coaching prices depends from country to another and within the country itself, as there’s no clear regulation for the prices.
In North America as example, most sessions durations are between 45 and 90 minutes.
New coaches charges between 60 to $100 per session
Those who have been in the field longer, charges $100 and up, reaching thousands.
Monthly packages, goes from $250 to $2000 + for general life coaching, and $500 to $10,000+ when it’s business coaching, corporate coaching or any niche coaching.
Thank you all for listening. This is all for today. Keep growing and bye for now.