Is this legit? New to business training

[Ontology]

Been building my personal brand with the goal to build a coaching practice.

Found a creator who sells a program for coaches to scale their coaching biz.

Program length is 4 months.

1:1 coaching 7-12 sessions.

Helping create content, build offer, launch etc.

The promise is 20k in revenue by the end of the program. 

But price is hefty: $10k

The thing is i’m a very small creator at this point. Less than 5k followers.

What do you guys think? Are these kinds of programs legit? Sounds a bit too good to be true for me, but I just don’t know.

What should I look out for?

[Thought Art]

Ive been burned by these things. I’d be careful. Do you have 10k to potentially lose? 
 

It can be worth researching other companies, courses, offerings, reaching out to their students, etc. 
 

I’m now very wary of these types of courses. Not that the information or coaching is bad, but the marketing to get you in the door. 
 

I don’t know you, the program or your industry/ target market. Watch Leo’s video on how to not get scammed and screwed. 
 

Have you had any paying clients at all before?

Edited December 9 by Thought Art

[Vercingetorix]

What is your current income?

Do you create content regularly?

Do you feel connection to the person?

Have you been exposed to his free content and resonated with it, applied it and saw that it works? 

Have you spoken to past clients of his that he helped?

 

I recently took a course that promised to build a coaching business from essentially zero to 5k in 5 weeks (basically he tells us to charge 1k per client per month so the idea is to get 5 clients in this time period). it was priced at 2.5k.

I took it because he told me that I have a money back guarantee. But when I haven't achieved the goal in that time and confronted him about it he convinced me that it's because I haven't take enough action and convinced me to recommit to the process. So now I'm kind of following the process but I don't believe that I will achieve the goal soon.

In retrospect, I would insist on a clear money back guarantee clause in the contract, That basically say that if I follow everything he tells me to do and I don't achieve the promised result at the end of the program I get my money back.

To be honest, I learnt that the promise for a certain amount of income is a lie - no one can promise you such thing. If he has a good method, the most he can promise you is that if you stick to it and apply it over the long run, it will work. 

I would also try to check if he really offers unique and deep value or he will tell you basically the same things you can learn from udemy course for 20$, and also how much he is involved with you personally? does he personally check with you that your are hitting your weekly goals and offer you real time feedback? Does he know how to motivate and tell you the necessary story you have to believe In order to achieve your goal, in such a way that convinced you? 

It's key that you resonate with him, like a soldiers who follows a leader.

A

lso, what is your opportunity cost? If you don't take the program, will you find another program? Would you do nothing? 

 

[Lyubov]

It’s a scam. Do not waste your money on this crap. All the information you need to build this kind of business is free online, all you need is commitment and practice (lots of it) and filling in your knowledge gaps with well reviewed books on Amazon. There are no short cuts when it comes to this kind of thing. To build something like this legit it can take 2+ years to monetize it if you want to actually be honest. Research marketing, sales, hone your own coaching skills which is absolutely crucial for client retention. You’re probably pretty smart so utilize AI to help with your brainstorming with what you need to work on. Raise your consciousness. Also network a ton. You need to be going places and talking to lots of different people who would be interested in stuff like this. If you can befriend or find a mentor that can really help too. Spend some time with someone who is successful in this field or an adjacent one and you will be able to tell if they have knowledge to fill in your gaps. I don’t see any point in paying for knowledge unless it is extremely specialized, just an “I’ll help you be a coach and make content is too vague.” Are you learning to become master at coaching? A master at editing content? Sounds way too broad what is being offered to you for this price. Also really successful coaches have laid out the groundwork for you to study to see what works. You should be able to get something off the ground that is doing ok, at least on the content side, just by putting in time studying what is currently working. Any promise of revenue after a program is a bullshit sales tactic. 

[BlueOak]

A very long time ago I said to a Tony Robbins coach, if you are so sure your program works, I'll take it, give it my all, and give you a (small) percentage of my new business rather than the fee. They laughed.

There are no guarantees but yourself, your ability to strategize, adapt and your own work ethic. If you are very lucky a good team along the way.

If you have a mind that can listen for at least 30 mins a time, and Spotify premium, try this:
https://open.spotify.com/album/3hJgMDAwSyAODOhsP2kvUg

 

[Lyubov]

Information products generally speaking are not worth much money wise and really the only way to get a large sum for them is through shady sales tactics and fake é promises that manipulate scarcity based people who don’t want to take on responsibility. In actuality you have to be fully engaged and creative and be strategic and use leverage, teach yourself. This is why books are so important. They don’t sell for much money but you have to actually read them and apply the information. One on one coaching is very personal and can be worth the high cost and money but it depends what it’s being applied to, what is this person actually teaching and is it something that actually benefits from coaching? That 10k would go better towards perfecting skills or outsourcing manual labor like editing your content so you can focus on being creative and widening your consciousness and focus on creative breakthroughs and client experience. You have to actually produce extremely useful free knowledge based information to attract clients and then in addition to that perfect your skills and perspectives which then can help expand other people’s perspectives. A lot of coaching and self help stuff on mainstream YouTube is just pure marketing with no worth behind it. You need to find a specific demographic and problem you’re passionate about solving if you’re serious about this because your steps will become much more clearer if you do. 

[Michael569]

On 08/12/2024 at 9:43 AM, Ontology said:

The promise

red flag the size of Mexico. Any coach worth his weight would never ever promise you anything to do with the outcome. He can promise you a process, he can promise you his commitment and time. But nobody can promise results.  Only charlatans do that

Edited December 12 by Michael569

[hyruga]

Yeah don't join. You can easily find courses which cost like $500 each

[Lyubov]

12 hours ago, hyruga said:

Yeah don't join. You can easily find courses which cost like $500 each

That’s still too much. If someone can’t piece together the information you need to start something like this, I question their commitment and creativity. You only need to get a handful of books, something for the marketing, something for communication, and then it’s just putting in the time.