Training Teleclass Recording: 5 Simple Steps to Becoming an Undeniably Successful Coach

This is a recording of a teleclass earlier this month by Will Craig and Rhonda Hess of the Coach Training Alliance and hosted by Milana Leshinsky.

Press the Play button on the replay line and you'll hear the entire program. There are also links to additional resources to help you reach your goal of becoming undeniably successful.

Learn the details of these five provocative steps and discover what it takes to catapult your coaching business to the top:

1. Develop an Attitude
2. Fill Your Pockets
3. Own Your Market
4. Value Yourself
5. Live in Abundance

Events - A Conversation Among Masters

Not too much happening these days - or at least not that I have been paying attention to. Perhaps that is because I have been on the road so much. Here is an interesting announcement about the event: A Conversation Amongst Masters.

"A Conversation Among Masters" Communique - the first-ever, Invitation-Only Event for experienced, successful coaches which will be held in Monterey California, April 30-May 2, 2007 at the beautiful Portola Plaza Hotel.

CAM 2007 is an invitation-only event, open to Master Coaches from all backgrounds, from all over the world. Life, business and executive coaches. Those with formal credentials and those without…but all of them professional, experienced, successful – and fascinating!

We're also inviting Masters from arenas other than coaching. These Masters – visionaries who represent the full spectrum of human experience – will initiate conversations that are guaranteed to enhance our lives…and the lives of our clients!

Articles: Sure you can earn 6 figures coaching without any training

There always seems to be some debate regarding two issues in coaching:

1. can you make lots of money?
2. do you need training?

An article recently put out by MSN suggests the answer is yes to both:

“About 20 percent of the 10,000 registered coaches earn six figure incomes, according to estimates from industry veterans. No special degree or training is required. And while some provide specific expertise, such as those hired by large companies to train a sales staff, others rake in money from those looking for little more than a cheerleader as they open a business or try their hand at writing a book. And along with the growth of coaching come derivative businesses that cater to them.”

The similar Forbes article is a bit better reported.

Oh really, well what is the research behind that. Here is a press release that is much more founded:

“The number of life coaches has risen to more than 30,000 ten years after the profession of life coaching began. Together, Wood and Falter-Barns reach more than 20,000 of these coaches through the websites, blogs and ezine lists of their companies, Get Known Now and Solution Box.com. Wood is former Publicity Chair of the International Coach Federation and founder of 15 coaching related web sites, and Falter-Barns is a former New York marketing consultant and successful self help author.

In the survey, 73% of life coaches said their main reason for coaching is to ‘have a greater impact on people.’ Yet a full 49% said their biggest challenge with their business was filling their practice. Only 29% of all coaches surveyed reported that they earned more than $25,000 annually.”

Consistent with that here is an excerpt of an interview with Stephen Fairley that I attended a couple of years back:

You conducted some ground breaking research into the business practices of coaches nationwide. Could you tell us more about your research?

I believe this is the very first survey of its kind. In 2002, I surveyed over 300 coaches nationwide to discover what worked and what didn’t in terms of: sales & marketing practices, finances, packaging and pricing their services, partnering with other coaches, coach training and certification, and a number of other areas. Then I analyzed the data to find out what specific areas separate financially successful coaches from financially unsuccessful coaches. The results form the foundation of this book.

Can you share some of the most interesting findings?

Some of the statistics are quite startling:

· 73% of all coaches make less than $10,000 in their first year.

· Only 60% of all second-year coaches have managed to find 10 paying clients.

· Less than 11% of coaches make more than $50,000 by their second year in practice.

· Even though coaches charge an average of $160 an hour for their services, 53% of them make less than $20,000 a year.

· 30% of all coaches have never been able to find 10 paying clients.

· Only 9% of coaches are currently making more than $100,000 a year coaching.

Stephen Fairley, president of Today’s Leadership Coaching, is a Business Coach, a speaker, and the author of 3 books including “Getting Started in Personal and Executive Coaching.” He can be reached at Stephen@TodaysLeadership.com or 888-588-5891. You can order his book from Amazon.com or from his website: http://www.TodaysLeadership.com

Resources - Some New Offerings By Other Coaches I respect

Check out Don Morris's cool new WordPress blog for his new weekly virtual study group for coaches seeking IAC/Coachville certification called "Extraordinary Journey" on Tuesday, August 15, 2006, at 8:00 PM ET. Charge: $0.00 (can't beat that!). To learn more and register (must be a Coachville member or join free), go here: http://tinyurl.com/ecuun

Here is how Don describes what he is doing:

I need to do some more things to make it the best, but I am learning! Here's the URL: http://www.extraordinaryjourney.com

I am not a mentor coach, but a peer (a "feellow traveler" on the road to masrful coaching). I want to submit my two coaching sessions for IAC certification in the next 3-6 months, too. Study groups provide a safe, supportive learning environment to practice and get feedback on he 15 proficiencies. And there are several AMAZING coaches already on board -- can you tell I'm excited? Plus, this study group is not just for Coachville SOC members. I am not one -- I just have the basic Coachville membership.

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Speaking of IAC/Coachville certification, the work of Julia Steward is absolutely excellent. Her material is great even if you aren't interestedin IAC certification. It is just solid coach training. Here is what she has to say:

Given that changes are coming in the world of certification, anyone who has been studying the 15 Certified Coach Proficiencies by Thomas Leonard, should consider getting certified in them by the end of this year. Meanwhile, the majority of coaches who apply for IAC certification are still not passing.

I’ve decided to share these Seven Coaching Masteries with you for FREE, so that they no longer are secrets, because I believe that if you’re like most coaches, you can coach at this level, once you learn how. This knowledge can make all the difference when it comes time for you to get certified. But it’s about much more than certification, it’s about masterful coaching, which has the power to transform lives!

I see this as the greatest service I can do for coaching, right now: freely sharing the Seven Secrets that distinguish truly great coaching from coaching that is merely good. AND it will help coaches get certified.

To begin receiving the FREE Seven Secrets of Certification eCourse, with over seven hours of MP3 recordings by email, go here: http://www.yourlifepart2.com/sevensecrets.htm

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Seems to me that there isn't a lot of quality on-going development for seasoned coaches. Here is on that might be of interest. Judy Feld is starting a New Mentor Coaching Group: Intermediate Level "Propel Your Practice" on Sept 11th. If you would like to receive a list of coaching topics and a registration form: E-mail to judy@coachnet.com with "Monday PYP Topics" in the subject line. Here is what she has to say.

I invite you to apply to join a new intermediate-level Mentor Coaching group that will begin on September 11th--at a very popular Monday-morning (in the U.S.) time. I have expanded the material on alliance-building and group coaching--all proven, practical methods and models! Feel free to pass this along to other coaches (or discussion groups or SIGs) who might be interested in and qualified for an intermediate-level practice-building coaching group with a highly experienced Master Certified Coach and Certified Mentor Coach. I am also the Training Director and on the faculty for the Coaching Program at the University of Texas at Dallas' School of Management.

Mentor Coaching Group: "Propel Your Practice"
Leader: Judy Feld, MCC, CMC, MS, MAS
Program Manager, UTD Executive and Professional Coaching Program ICF President, 2003
FEE: $175/month for two one-hour group sessions.
Group Size: 8 coaches.