How To Price Your Group Coaching Program
Are you not sure of where to land when it comes to pricing your high-level coaching program?
Well, have no fear because I’ll be sharing with you the five strategies to help you land on the perfect price for your group coaching program.
This is step four of a five-part series, helping you create, launch, and sell your high-level coaching program. I used the exact five steps to pave out of my living from pay-check to pay-check to creating my program and landing $11,964 in just five days.
If you missed steps one, two, and three of the five episodes, I highly recommend going back and have a read. Over there, you will learn how to get crystal clear on your promise to clients, how to outline and identify your process to help them, and how to package your first group coaching program, respectively.
I’m so happy and grateful that you’ve taken your time to dive into this five-part series. Not only have I proved it in my own business’s health, but also to one of my clients who barely afforded $5 for an initial coffee meet-up and was facing eviction. She went through the series and successfully turned her life around, earning her $200,000 in her first year of high-level coaching.
So, if she can do it, if I can do it, you can do it!
Here are the five quick strategies to help you land on the perfect price for your program.
Identify your value results, both tangible and intangible.
Write down both the tangible and the intangible value results that your prospective clients will get from going through your program. Some of the intangible values include a sense of peace, joy, and freedom. Tangible costs are things you can quantify. Examples include an increased number of clients, increased sales, and the number of inches lost around their waist.
Identify the financial value of your own experience and expertise.
If you have the experience of helping people in your professional life, in your regular 9-5 job, where you earn $50 per hour, for example, and you’re just paving it into your side hustle, then you could hold yourself still at that $50 per hour value.
If you’re entirely a newbie, you just decided into navigating the coaching world; for your high-level group coaching program, I recommend that you go anywhere from $497 to $997 for a start.