Stop limiting your online income and do as much online coaching or as a consultant you want.
Whether you're already coaching clients or just thinking about getting started, getting your services online can help you find more clients and earn more money than you thought.
I have been an online freelancer for almost a decade, first as an investment analyst and later as a blogger and author. I have seen how traditional jobs have moved to the online space.
I can tell you that a few jobs have benefited from coaching and consulting such as internet access and distribution.
I've been waiting to add it because for most people, making money as an online consultant takes longer than some other revenue streams, such as advertising and affiliate sales.
Others, however, start their own websites for the sole purpose of money coaching or consulting.
Is Online Consulting Profitable?
There are many reasons why online counselling is needed. It's a lucrative business and the best thing about it is that you don't have to have a good education.
You can be self-educated and do well. As long as you work hard and have confidence in yourself, you can reach greater heights.
The online consulting market offers unlimited possibilities so if you have the courage and expertise in the field you can earn the most in years.
Advances in technology can be extremely difficult to master and it takes a lot of adjustment and knowledge to become a master in a particular field.
Given this, Online consultation can be very demanding. And it is not.
If it is easy to become an expert in a particular professional field.
It requires a lot of study, skill, patience, determination and self-confidence.
Other times, you may have to try your luck. But for the most part, it will take you far beyond what you ever imagined.
How Much Money Can You Make As An Online Consultant?
PayScale lists the average hourly pay for life coaches as .4 30.42 per hour but ranges from $ 11.37 to $ 103.50 per hour and increases annual salaries to $ 200,000+ per year.
If you were working full time, the average salary would be just over $ 60,000 a year.
It's just a kind of coach and doesn't even touch the kind of money that my financial planning friends make every year.
You can coach or advise on everything and we will consider how to choose your topic in a later post.
The hourly rate and annual salary information you are going to view from the payroll websites will not apply as they are for those working in traditional jobs.
You're going to be your boss with your company and that means;
You can earn as much as you want!
We will cover how much you will charge for online coaching in the next section but the idea is to charge premium prices.
You are about to cross a very focused topic and change people's lives.
You are not just making money for your time, you are making money that can change someone's life!
How much should you charge for business consulting?
This is the first question most people ask before starting an online consulting business.
Understanding how much they can charge for coaching gives them a sense of confidence in
how much they can earn.
But most people destroy their coaching business immediately because they are trying to figure out
how much they can earn per hour.
There are two reasons why charging per hour will make your consulting business fail.
Hourly rates seem expensive. Most people are not paying 150$ per hour for coaching but tell them how you are going to change their lives with a 500$ package plan and they will click on 'buy' so fast that it is you Will turn his head.
People don't pay for an hour of consultation, they pay you to solve their problems.
The hourly rate puts you in competition with every other one that charges per hour.
Clients will compare your rates with all that they receive.
Instead of paying per hour for your consultation, charge according to the results.
Tell people what problems you will solve and what will help you meet their needs.
Often, those needs are invaluable so you can charge whatever you want.
After working with some clients, you will better realize how much time and work you take to fulfil your promises.
You will be able to adjust your prices more or less to find a pleasant way between price and making more money.
Offering three packages seems like a sweet place to sell anything online. Each package should offer different results, tools and resources for a little more money.
You can target each package to a completely different need or you can combine them where the more expensive packages are all found in the lower-priced and more.
What can you coach online?
If you are at this point in the monetization series, you should already know the answer.
If there is a website about something; it is all a website, a digital consultant where you read
about something instead of someone teaching you.
There are several things you can do to make your online consulting business successful.
Focus on the niche within the same idea.
This will help you to master the subject and our position will stand among all the other coaches.
Master the same need, the same problem that people have within the subject. For example, don't try coaching on the topic of full pay per click (PPC) marketing.
Instead, focus on a specific type of PPC marketing, such as Facebook or Google. This focus is going to help you stand up to all the other advisors who are not skilled.
Is there a specific group within the space above, ie Facebook PPC Marketing for a specific group of people (bloggers) or industry (financial services)?
Think of it as your 'speciality' within your major. Your additional expertise here will further help you serve specific customers.
Your coaching should solve a problem. People don't want to 'learn' about your new technique, they want to solve the problem they have to deal with.