Table of Contents
- What is a High-Ticket Group Program?
- When is the Right Time to Launch a Group Program?
- How Does a High-Ticket Group Program Help You Make More Money and Work Less?
- Why You Should Hire an Expert Strategist
As a coach, one of the biggest challenges you may face is how to maximize your earnings while minimizing your workload. In today’s world, most coaches struggle to balance the two, but with a high-ticket group coaching program, you can achieve both. In this article, we’ll discuss what a high-ticket group program is, how it can help you make more money and work less, and what you need to know to launch your own program.
What is a High-Ticket Group Program?
A high-ticket group program is a coaching program that allows you to serve many clients at once. It typically involves a one-to-many model, where you can simultaneously serve several clients in a group setting, rather than offering individual coaching sessions. In my definition, the term “high-ticket” refers to the fact that these programs typically cost five figures.
When is the Right Time to Launch a Group Program?
The optimal moment to initiate a group program is subjective and depends on your individual and professional aspirations. Nevertheless, many coaches choose to launch a group program when they have reached their limit in terms of time management and require a means of expanding their business.
A group program enables you to decrease the number of coaching sessions you conduct per week or month, thereby freeing up time for other pursuits.
Despite the convenience, launching a group program initially requires a considerable amount of effort as you must dedicate time to constructing and supervising the program.
It is also important to consider the state of your business and your audience. You should have a solid client base and a clear understanding of what your target market needs before launching a group program. Additionally, it is important to have systems and processes in place to handle the increased demand. This can include automating certain tasks, hiring support staff, or using tools and software to streamline your workflow.
How Does a High-Ticket Group Program Help You Make More Money and Work Less?
A high-ticket group program is an excellent way to scale your business and make more money. By serving multiple clients in a group setting, you can easily add 20 new clients to your business in just 60 days, which would be difficult to do with a private coaching model. Furthermore, by pricing your group program at a high-ticket rate, you can generate more revenue per client and increase your income.
For example, my client Andrea was a career coach who came to me with a private coaching business. After launching a high-ticket group program, she was able to generate six figures in just 90 days. This not only created more time freedom in her life but also provided her with the necessary cash flow to invest back in her business and open up a second business.
Another client, Michele, was a business coach for the interior design industry. She came to me with a low-ticket group program and was stuck in the low six-figures. After launching a high-ticket group program, she generated $300,000 in just eight weeks and crossed the seven-figure mark within a year. Today, she continues to have back-to-back seven-figure years in her coaching business and has even launched a tech company.
Why You Should Hire an Expert Strategist
While a high-ticket group program can help you make more money and work less, it also requires effort to set up and manage. That’s why it’s important to work with an expert strategist who knows how to not only put together high-ticket group programs but successfully run them as well. With the help of an expert strategist, you’ll be able to get a behind-the-scenes look at how to run a seven-figure coaching business with a high-ticket group coaching model while delivering a top-notch client experience.
So with the right strategy and support, you can scale your business, make more money, and work less. Ready to take your coaching business to the next level? It’s time to launch a high-ticket group program today! What would be the impact of a high-income stream from high ticket group coaching on your life, both personally and professionally? Please leave your thoughts in the comments below!
