303: Is Your Mindset Stuck on Charging Too Little for Coaching?

EPISODE · Oct 1, 2024 · 7 MIN

303: Is Your Mindset Stuck on Charging Too Little for Coaching?

from Prosperous Coach Podcast · host Rhonda Hess, International Business Coach & Niche Strategist

Find the full transcript for this episode and more resources for coaches at ProsperousCoach.com/303.Also, mentioned on this episode is Episode #58 - Start Planning for Profit in Your Coaching Business.Did you know that charging higher fees will help you become more confident as a coach? It worked for me and I've seen it work for my clients as well. Setting fees that will pay you well is an important threshold to cross as a new coach. The longer you wait to cross it the scarier it will feel.Sure, it makes sense to give some coaching away during coach training. Your trainer might have encouraged that because they want you to practice coaching skills with as many people as you can as often as possible.Practice integrates learning.The downside of offering free or low-cost coaching past coach training is it becomes an ingrained habit. That’s how some coaches get stuck in what I call perpetual student mode.This is where that practice-integrates-learning thing can work against you, as it becomes increasingly difficult to shift from free or charging little to charging fees that pay you well.It’s time to break free from this trap. Let’s talk about how.

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303: Is Your Mindset Stuck on Charging Too Little for Coaching?

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