Recurring income is a wonderful thing to have—especially when you’re building life changing income as someone offering coaching for life or business related topics. It’s hard to get new customers—you know that as a businessperson. It’s much easier and much more ideal to have the same customers pay you over and over again.
That’s exactly what can happen when you focus on recurring income from coaching. You’ll find coaching clients, win them over, hook them with a fantastic, long-term coaching plan or program, and they’ll pay you over and over again.
As a coach, you provide a wonderful service. People pay you to learn what you know. They pay to get access to your unique insights for their life or business. They’re also paying to tap into your experience, including your prior failures, so that their path to success is easier and quicker.
Sometimes, coaching is a one-off thing. A client will hire you as a coach and pay you one sum of money in exchange for help in reaching a particular milestone or help in resolving an important problem they have.