5 Awesome Steps to Making Big Money as a Coach or Consultant

While many new coaching and consulting businesses fail in the early stages, others can earn six figures with the right strategies.
 
CHICAGO - June 11, 2018 - PRLog -- In today's unique side gig economy, millions of people dream of breaking the chains of traditional 9 to 5 employment to start their own businesses. According to research, just over half a million people do this every single month in the U.S. alone.

Among these, thousands of newbie coaches and consultants emerge, ready to take the world by storm, yet 90 percent fail within the first year.

Having said that, there's still hope. Global Resources LLC (http://globalresourcesreviews.com/) experts recommend the following six important steps to build a solid foundation for your business.

Master Your Mindset
Before doing anything else, take time to establish the Four Pillars – your life mission, your values, the outcomes you love delivering for people, and the natural, organic role you most enjoy playing in any situation. Ultimately, these pillars will be your trademark, for which clients will come to you for assistance and support.

Create a Premium Brand
With a premium brand, you can charge premium prices. Obtain clarity on your story and its value to others behind you on the journey. Then, you can go and tell it to anyone who'll listen, adjusting for the specific audience and their needs. You'll want to create branding that is premium, consistent and truly reflects your values and mission. In doing so, position yourself as an aficionado in your field by joining industry organizations and creating elite and relevant content that helps to solve people's problems.

Invest Time in Content, PR, and Media

Undoubtedly, PR and media can be the best ROI of any dollars spent on your business. Having said that, you need to make sure this is done strategically.

First, start with publishing on open platforms. Then, you'll want to work up to pitching multi-author and ultimately large publications such as Entrepreneur, Forbes. Produce and publish engaging content as often as possible to establish yourself as a credible leader and thinker in your field.

Find a Support Network
Work with the right coaches and peer groups to help you with mindset, integration and enhancing your business. Ultimately, accountability is essential for sustained progress.

Delegate, Outsource and Automate
First and foremost, you should know exactly what needs to get done and to which standards (within your budget and time frame). Take time to automate your lead pipeline through automated messaging on relevant platforms. You can also consider setting up email collection, auto-responders, and even getting a virtual assistant for various tasks.

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