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Find your Profitable Niche in just 3 steps

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For new coaches and entrepreneurs who are looking to launch their online coaching business, finding a profitable niche can be overwhelming. While success in online coaching businesses is heavily dependent on one’s mindset, the niche also plays a very crucial part in the overall success of an online coaching business.

In this article, I will share with you a proven technique to find your profitable niche and this, in turn, will help you with how to sell high ticket coaching but, before that, let’s cover our basics:

What is a niche?

To make it simple and crisp, it’s a segment of the market with a clear picture of the target audience. Choose an audience that knows what their problem is and is actively looking for a solution. 

A good example of a Niche is preparing for IELTS for Canada PR.

Note here, we didn’t talk about English training or grammar training – we used the language that the audience wants to hear.

The steps that will make it easy for you to find your profitable niche are as follows:

  1. Start with finding the Industry and Market that suits you

    Your Inner world + Outer world = Niche. It means that your niche should be something that you love teaching and find meaning in as well as it is something that the market wants. Start listing which market suits you the best then dig deeper to know the category you fall under and that’s how you find out your niche- the one that will be profitable for you and help you with how to sell high ticket coaching.

    2. Follow the I3M Model

    Moving to the I3M Model, here, you finalize your Niche for your online coaching business. A smart model that covers all aspects. Go step by step, 

I – Identify your passion:

Your Inner world as explained in step 1, identify what you love doing and that has importance in the market.

I – Identify the problem: 

You identify the problem for somebody who is from the outer world and you follow your passion as in you love solving such problems

I – Internet Accessibility:

Making sure that the person you making contact with to solve their problem should be able to access and reachable so that it gets easier for communication or this becomes a part of another problem

M – Money:

They should be able to pay you your fee along with that they should be able to pay you with the payment mode you want to receive your payment or is acceptable. Mostly a digital mode works since our target will eventually be Pan India, if not, International. 

Once all checks out, you clearly know what your niche is and go further to think about how to sell high ticket coaching

3. And finally, find your ideal customer and solutions to their problem

Since your niche is clear you are set to understand in-depth who your ideal customer is for your online coaching business. A part of that will be to understand their problems and find solutions to transform them in and out. 

Hope you enjoyed this article and it showed you the foundation steps on how to sell high ticket coaching.

This is just step 1 of a 9 step framework to launch a profitable online coaching business. Want to know about all the 9 steps and see how I can support you?

Book your free 15 minutes Zoom call with me and get a head start! Click HERE to get started!

A Secret Roadmap to High Ticket Online Coaching Business

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If you find technology a little difficult, you need not worry, this strategy not only helps you with technology but also gives you a boost of confidence to quickly improve your mentorship and coaching skills as a high ticket business coach and ultimately earn Rupees 1.5 Lakh per month without any expensive tools. This one-page strategy reflects the exact system we have used to help entrepreneurs and coaches quickly and predictively achieve their revenue goals in their online coaching business.

As you might be aware, getting the clarity you need to improve your skills as a high ticket business coach and ultimately be able to earn rupees 1.5 lakhs per month in revenue is a major problem for most coaches, trainers, and entrepreneurs worldwide. The online coaching business is flooded with coaches, with courses, with mentors, with all that hype and jazz all promising to help you get results, but ultimately only adding to your overwhelm and frustration.

There are three main reasons why entrepreneurs and coaches struggle while launching their online coaching business and mentorship programs:

  1.  Tech Overwhelm

When you start researching as a high ticket business coach or as an entrepreneur about how to get started with your mentorship or coaching program, you’ll see a lot of tools around you and if you are somebody who’s from a non-technical background, that is if you’re a non-techy or a non-digital marketing background person, then it just adds to the overwhelm.

  1. Purchase of Expensive Tools

When you start researching for your online coaching business, you’ll see a lot of gurus out there telling you about the most expensive tools and how those tools are really important for your online mentorship program. Now, the problem with wanting a fancy, amazing tool is that you’re starting an online venture, ideally, you would want to minimize your risk, you want to go lean. ..and if you don’t have the money to spend, then how can you spend on those expensive, fancy tools?

  1. Confidence and Self-Doubt Issues

Let’s say you are a subject matter expert and ready to become a high ticket business coach, but you don’t know how to share this knowledge with the world through an online medium. You’re going to doubt yourself. And that’s exactly why entrepreneurs and coaches struggle to launch their online coaching business or mentorship program.

Does this sound familiar? In all of my experience, serving and talking with amazing folks all over the world, I hear these three struggles and pains all the time, but these are only symptoms of a much greater issue in high ticket coaching…

The real issue is a lack of a clear point A to point B system that’s easy to follow. It’s a clear roadmap that’s proven to help people just like you to launch their online coaching business or mentorship program in less than twelve weeks. The good news is that if you’re struggling with these issues, I’m going to give you some very clear, proven and easy to implement steps that you can use right now to overcome all of these issues and be able to launch a high ticket online coaching business with confidence and much more energy, that too without wasting your time or without getting frustrated.

Let me show you how this works. 

We partner with each client we work with to achieve these steps in this exact order. Point A is the point of inertia. It’s the feeling of being stuck. It’s that fear… that overwhelm. The goal is to take you to Point B, where you are successfully able to launch your high ticket coaching business or mentorship program. 

The road map is divided into three stages.

  • Stage one

This is the groundwork stage where first we utilize our ‘Discover your profitable niche system’ that helps folks just like you, the future high ticket business coach, find the Perfect Niche for their online coaching business. Next, ‘a unique Ideal Customer System’ helps you to find your first set of paid students. After that, you go ahead and create your unique transformation driven program using our ‘crafting your No-Brainer offer framework’. 

Now, let’s understand these three steps:

  • Profitable Niche

First, go ahead and research the popular niches for your online coaching business. Understand what are the most common mistakes people make while choosing a niche. And finally, with the help of the Niche Pinpointing method (which we explain in the Online Coaching Secrets Coaching program), you discover your profitable niche in high ticket coaching.

  • Ideal Customer

Here, you understand who exactly is that person who needs your coaching or mentorship program. You go ahead and design the one big promise, the big outcome which you can give to your ideal customer, and finally build content that relates to your ideal customer for their online coaching business.

  • No Brainer Offer

Lastly, you go and craft a No-Brainer offer. A high ticket business coach understands what is a no brainer offer – one that your ideal customer wants you to craft for them, and then use the no brainer offer to create your course roadmap.

  • Stage two

This is the launch phase. We go ahead and launch a program in the market and get our first set of students that help us to validate our program. With that perspective and our knowledge of high ticket coaching, next, we go ahead and quickly shoot and edit our videos using our course content creation system. Step number six is where we go ahead, and bring in more and more students using the webinar system. And no, this is not your typical webinar. Continue reading and you’ll understand, what exactly is it that I’m talking about 😉

With the help of these new ways of doing webinars, we enroll more and more paid students every week, every day like clockwork. Now, let’s go ahead and look at each of these steps.

  • Beta launch

Now, when we have to plan our beta launch for our online coaching business, here, as a high ticket business coach, we first go ahead and plan our course curriculum and the resources that we need to give out to people. Next, we create a nice title for our program, and finally, we follow the steps to launch the beta program. 

  • Course Creation

Here you create engaging content for your paid course videos. You look at what kind of equipment you need for shooting and editing your videos as well as webinars. Finally, you record, edit and upload your videos all by yourself!

  • Webinar Selling

Here, we go ahead and simplify the entire webinar funnel where you’re not doing the typical webinar. I’ve added my flavour to this. You understand the structure of the webinar as a high ticket business coach and then, work on your webinar deck for your online coaching business.

As you are reading this, you are actually nearing point B. As a high ticket business coach, you need to reach Point B – the point of independence. I’m sure you are noticing this – you are doing everything all by yourself. You are shooting, editing and uploading your videos by yourself. You are planning your webinars without outsourcing anything and then you are moving to stage three.

  • Stage three

Now, once the groundwork and launch stages are done, you kick off the step-up stage for your online coaching business, where you build your ‘tech and automation system’, which allows you to solidify your back end affordably. Next, you get qualified leads using paid ads. And the final step of the Online Coaching Secrets roadmap is to ensure that the clients and leads that you bring in, you as a high ticket business coach have long term and long-lasting relationships with them. So we do that with the help of the ‘Tribe nurturing system’.

Now let’s go ahead and understand steps seven, eight, and nine in detail.

  • Tech and Automation

Here you set up your LMS, which is your learning management system, and you set up all the important course pages, including the checkout and payment and login pages. After that, go ahead and set up a drip and email automation sequence. And once that is done, you go ahead and create data-driven landing pages for your online coaching business. 

Now, what are data-driven landing pages? Simply put, before launching these landing pages and ads by spending money, we are checking whether the landing page will perform well or not. That helps us to save a lot of money, and of course, a lot of time as well and finally, you integrate these all so that they talk to each other.

Funny enough, people start thinking about this set-up as step one, which is when they’re just about to go ahead and do the groundwork. And if you look at the road map, the actual tech and automation come only in step number seven!

  • Paid Campaigns

Here, you understand the Facebook business suite in depth. You being the independent one, as the high ticket business coach, you make your ad copy and your ad creative. Then, finally, you set up and launch your ad campaign for your online coaching business all by yourself.

  • Tribe Nurturing

Here, you follow different ways to go ahead and nurture the tribe in your online coaching business. You go ahead and understand email marketing in-depth and run successful contests all by yourself and you also go ahead and launch your affiliate program for your online coaching business.

Did you find this read useful?

So, if you want to get crystal clear on the exact steps you should be following right now to achieve your revenue goals then book a call with me HERE.

In just 15 mins we will get clear about what’s holding you back and map out a clear step by step strategy which you can follow to achieve your revenue goals with confidence in the next 12 weeks

Note: This is only for you if…

1.  You charge or are willing to charge ₹50,000/- for your online coaching business and mentorship program

2. Have 5 to 7 hours per week to dedicate to this

3. Willing to be a sponge and follow the system 100%

Book your Free Strategy session HERE

Learn and implement the strategies with no tech overwhelm or expensive tools in just 12 weeks.