Benefits Of Online E-commerce – Online Coaches
Online coaches also run e-commerce businesses. This is so because they accept online payments using credit cards and other various means like PayPal. As such, they cannot be left out whenever e-commerce businesses are being mentioned. This week, I will discuss the benefits of operating an online coaching business before discussing their tax benefits next week. Therefore, enjoy this article, but also look out for the next week article that will articulate the tax benefits of online coaching businesses.
The online coaching business is growing, especially in the past year. It’s easy to measure this: Just look at the popularity of video conferencing software in 2020 and 2021, compared to prior years. This is worth looking into, and there is money to be made, so pay attention to this article.
What is an online coach?
Online coaching is the act of providing lessons (in any category) through an online platform. This is a growing business opportunity that many people are taking up across the world. Online coaching can be delivered in two forms; through another platform/marketplace, for example, Teachable, or through your own website/platform, for example, Shana Recker, a Canadian business coach.
There are several niches that you can take up in the online coaching space. These include business, online fitness coaching, weight management and diet, mental health and wellness, real estate investment, taxes, and financial management. While here, I just want to remind you of one mistake that people make when venturing into this business. They tend to follow where the crowd is and not focus on their own area of expertise. For example, these days, the online fitness training space has been receiving a lot of attention. This is because the pandemic condemned many people indoors, leaving them no choice but to turn online for workouts more than anything else.
As this niche was growing over the past year, some new entrants into the online coaching business could only think of also following where the money was. In as much as it is good to follow the trends, sometimes it won’t be the best idea for you, especially if you have a special talent, for example, business coaching, that you can take up and make threefold after some time.
What are benefits of the online coaching business?
Online trainers are entrepreneurs, just like a guy who owns a coffee shop by your street corner. The only difference is that, taking your workout programs online, for example, gives a wider range of customers than a guy limited only to a street corner. Therefore, that is the first advantage of going online – it brings more customers, unlimited from all corners of the world.
More so, changing from being an employed personal trainer, for example, to be an online coach, means a lot of things for you. Firstly, you are no longer employed, you become your own boss. And, the good thing about being your own boss is that, rather than benefiting from a salary you get from work, you also pocket the profits and use them to expand, if you want to. When you start working for yourself, you can now cut yourself some ‘slack’ and allow yourself more rest. Gone will be the life of running from work to home, perform the chores and sleep feeling beat up from the day’s work. Being your own boss gives you more time to rest and go on vacations in between the year.
Finally, training people online can offer you a never-ending holiday or an opportunity to work two different jobs and earn more. In other words, it gives you more extra time, depending on how you structure your plan. For example, if you coach in the business management niche, you can create your video coaching sessions, upload them once and let people purchase them, and log in to watch pre-recorded material online. If you are in the health and fitness niche, you can also record your workout plans, upload, and let customers watch them in your absence. As all this happens on your website, all you got to do is monitor traffic and watch as your bank account gets payment notifications.
However, for all this to work, you need to put in the preliminary work. Prepare and, if possible, hire professionals to set up your website or record your material and teach on platforms such as Udemy and make money in your sleep.
People have also asked the following
1. What Is an Online Coach?
An online coach uses the internet and a computer, tablet, or smartphone to deliver lessons or tips that people can use to better a part of their lives. For example, a sister who teaches people how to burn calories at home is an online fitness coach.
2. How do online coaches work?
Online coaches need an internet connection, audio, and video equipment, and a laptop or computer to upload their video lessons online. Sometimes they carry out their lessons live, which requires either a smartphone or computer, aided by video and audio equipment. Clients pay for these lessons.
3. What are the benefits of online coaching?
Online coaching gives the coach access to unlimited clients than when operating from a certain building in town. More so, most, or all online coaches are their own bosses
4. Is online coaching worth it?
Yes. It comes with several advantages for the coach and his or her clients. Clients enjoy never traveling to receive lessons while the coach also enjoys working from the comfort of their home, among several other benefits.
5. How to Start a Coaching Business, Step Zero: Become a Coach
Becoming an online coach is easy, but the important thing to remember is that you must be knowledgeable about the niche you provide coaching for. Therefore, get an education, or training in this niche. For example, if you want to teach people about starting and running a business, get a business or accounting degree before going out there to get clients. If you do it prematurely, your online coaching business could suffer a premature death.