Monday, February 6th, 2012

“But Steve, I Can’t Afford Coaching!”

2

MagneticMasterMind.com

MagneticMasterMind

I absolutely, 100%, relate.

In fact… it’s one of the worst positions to be in — to need help, want help, even know who can help you, but not have the resources to be able to GET the help you need.

I understand this issue from both sides… I’m a coach and I’ve been (and still am) a student looking for just the right coaches to help me get to that next level, understanding or goal.

What about you?

Are you stuck and having difficulty finding your own solutions by yourself?

Do you know you need help but wonder how to go about getting it or who you can trust enough to help you?

So many of you have emailed, called or Skyped me over the past couple of years expressing how frustrating it is to KNOW you need coaching and explaining how tight your finances are or how you are just not sure who to invest in as a business or life coach, who you can trust to help you reach your goals.

Sometimes, just getting someone to listen long enough to help you figure out exactly what your goals really are would be enough to get you moving in the right direction. But who’s going to give you a few hours of their time for free or for less than a couple hundred dollars?

I admit it, even my own one-on-one coaching hourly rate is fairly significant. It has to be, there is only so much of me to go around.

You see, coaches get paid for their time, true… but also for all of the experience and education, connections and resources, support and motivation, etc. they bring to their students to help them. After all, it’s not just two buddies having a beer together.

Coaches worth their fees have paid dearly to get where they are… invested in their own knowledge and gained a lot of experience along the way and sell these things to help others reach success. They understand strategy, motivation, teaching and learning styles, psychology, and most importantly, their students or players and know how to bring the very best out of them… that deserves to be paid for, and sometimes, it’s worth a LOT to be able to work with a winning coach.

Coaches have a limited amount of time each day, just like you, and need to carefully plan how, and who, they are going to spend that time with. They also need to set their fees accordingly or they won’t be in business helping others very long.

They get paid to teach, help, support, encourage, motivate, connect, and train you… among other things. The time they spend IS their business. So, in all fairness, they need to be paid.

Anyway, if you are frustrated trying to find a coach… I’m here to tell you that you’re not alone.

Steveism #27:
“Define the problem.. DISCUSS the solutions.”

Are you Solution Minded?

Most coaches will tell you something like“If it’s important to you, you’ll find a way to pay for it.”

“Phooey”… sometimes desire and money just don’t seem to be cooperating with each other!

You are probably aware that timing also plays a very important role in success and reaching your goals, right?

I’m not ‘most coaches’ myself.. and I HAVE paid for coaching with my last dollar before… on more than one occasion.

It was a bad choice each time.

The coaching programs were not what I signed up for, neither were the coaches or the results I got. Someday I’ll tell you about my experiences, but I’ll spare you today ;-) .

Look, do NOT spend your last dollar on a coaching program… no matter how good the heart wrenching story is, about the student who “slept in her car… in the snow… who’s husband left her… and who had given up hope, but who sold her little puppy, Gigi, and took the money to buy a ticket to the weekend seminar given by guru-gives-you-hope and then… low and behold! She becomes wealthy in 30 days!! And… got Gigi back, purchased a mansion, drives a Ferrari, and is living happily ever after on the Beach in Bali…” Amazing…

BS… I Mean a Big, Fat…
“Yeah, RIGHT.”

Sure, those stories do happen , but the fact is, they are very, very, very, very, very, rare… and for every one of those stories, there are a hundred or more of the “not so pretty or heart-wrenching” stories that are not discussed… the ones that tell you about the students that did NOT make it big… or, for that matter, at all.

Sigh.

I’ve given coaches my money.. and been abandoned.

I’ve given coaches my money… and been disappointed.

I’ve given coaches my money… and wanted to strangle the coach through the Skype line (and if THAT coach had been in the US, I’d have gladly invited my friend “Vinnie” to go visit him.. or my lawyer to send him nice, pretty, letterhead stationary letters, signed by him personally… LOL).

I’ve been to fancy weekend coach-a-thons, where all I walked away with was a smile and a shiny new box of 3 ring binders to put on my shelf… oh, and a brochure for the next “Super-Duper-Inside-Club” level of coaching with the enrollment form and date for the next event.

Again, if any of that sounds like your experiences as well… tell me about it below, I’d love to hear your story, we could share our misadventures and experiences together… LOL.

In all fairness… I’ve also had some very good coaches. Jimmy D. Brown, Bill Gatten, Bruce Spiegle (though a manager and not officially a coach… he was an inspirational teacher to me), and a half dozen others I could name here from my business and martial arts, wrestling and other endeavors.

Funny, some of my best coaches weren’t interested in the money they charged me (and they did charge me!) as much as whether I actually applied and appreciated what they taught me . Those guys were hard coaches to please… they pushed me to be better… and I love ‘em for it.

So, what about you?

What has your experience been with coaching or group mentoring or Mastermind groups?

Speaking with my other hat on now… the coaching hat…

I can tell you that there is nothing more frustrating than giving or charging for your time… making yourself and your experience available to your students, and having them not show up, or show up late, or not do anything you ask them to do FOR THEMSELVES.

THAT is very frustrating indeed.

It’s also why coaches charge a lot of money. No, not because they hate to waste their time, though that is true, but because if you’ve been a coach before, then you understand that if a student invests in his or her future with hard earned money and time – they will put themselves into the program 110% and often become very successful. They will listen, show up, put in the effort, try harder, work at it, be persistent, find the passion, etc. because they are financially invested in the process.

There does seem to be a connection between how much is invested, and how much get’s done.

FACT: I have yet to coach one student for FREE who ever made anything out of herself.

Actually, I have recordings of coaching sessions going back for a few years with students that just disappeared after the first small breeze of effort or adversity blew their way.

I have had students ask me why I didn’t just do everything for them and give them the checks! When they were only paying me $197/mo.! Now THAT is pretty offensive, from a coaches perspective. It’s rude and a bit presumptuous.

If that’s what they wanted… they should have purchased a franchise. Of course, finding a franchise for $197 might be a bit challenging. “Duh.”

Besides, it wouldn’t work… if a coaching student were given such a opportunity, it would only be a matter of weeks or short months, before it all came tumbling down — because, in the “just give it to them or do it for them” model, she would not have changed a single habit or learned a single thing to keep her new, handed to her on a silver platter, business going, growing, or offering value.

So, “CRASH” it would come, tumbling down eventually.

So what’s the solution?

I mean, if coaching works (and it does) and you need to be invested in your coaching program to keep you motivated, engaged, driven, etc….

If coaching depends on a student and a coach “fitting” each other – getting along – and being compatible as teacher and student…

If your success in a coaching program depends on your ability to stay involved, afford the program, and willingly to do the work needed to help you progress.

Then… how can you find a program that you can feel comfortable with, that will not break your bank account, and that has all of these things to help you reach your goals in your life and business?

Magnetic Mastermind™ is a new
program that provides just
what you need… plus, exposure
to an experienced coach
on a weekly basis,
LIVE.

Access to your coach, and other coaches, and other community members who can help you, 24/7.

A monthly investment that won’t require you to sacrifice anything for you to be able to participate in it…

What has your experience with coaching programs been?

What would you like a coaching program to do for you?

What are your expectations for a great coach or a solid coaching community?

Check out http://magneticmastermind.com and post your feedback and comments below… I’m very, very interested in what you have to say about this powerful new cutting edge coaching model…

And, if there are still memberships available, why not enroll and be a part of something great that could be just what you are looking for.

Unfortunately, Magnetic Mastermind is only offering 100 of the Silver Charter Memberships… then the monthly investment has to go up… I’m sure you can see why.

Anyway… thank you for stopping by… and for posting your comments below… go on… post, post, post!

P. S. Include a link back to your site in your signature… I’d like to see what you are up to!

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Comments

2 Responses to ““But Steve, I Can’t Afford Coaching!””
  1. 1

    I agree with your philosophy Steve.

    I have free material laying around that I must get to one day (the content is probably worth thousands). Because it cost me nothing there is no urgency to get it open.

    There are also some coaches out there who I was taken by with their flashy websites or their fancy talk, and who delivered absolute rubbish for a VERY high price. Maybe we should compare notes to see how many names match some time!

    However, I still believe it is worth paying someone what they are worth to fast track me to success without falling in all the pitfalls along the way.

    Dean.

  2. 2
    Beatrice says:

    Hey Steve,
    I found your post very interesting, It was like I was reading my own story, I have spent a lot money on different coaching programs, only to be disappointed.. As you know I have have two blog one of which I have had just on 2 years, but still haven’t been able to monetize it… although I don’t make money from it , I still enjoy writing and posting the articles…I will be joining your coaching program, I think you have a very big heart offering your coaching at that price, and giving the people who don’t have enough of money the opportunity to get started in the online marketing world..My hats off to you .. Don’t they say when a student is ready the teacher appears, well I’m ready, and I sure a lot of other folks who are struggling to make it will join as well..
    Kind Regards
    Beatrice

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