Is Business Coaching a Pyramid Scheme?

The promoters of a pyramid scheme often attempt to entice people with promises of life-changing success. Women entrepreneurs are not exempt from these tempting offers, and it is important to be wary of scammers who may present themselves as business coaches for women, but are only out to take your money. Before hiring a business advisor for female entrepreneurs or outsourcing any work, it is essential to be cautious. Business coaching is not a pyramid scheme and it is possible to build a successful business without having to train other trainers.

Instead, it is recommended to find a job and start training as an employee or contractor. If you are interested in watching business videos with Tineke Rensen, you can check out the Powerful Business Academy's YouTube channel. When it comes to marketing, many coaches feel the need to learn every tactic available in order to succeed. A quick search on “how to start a life coaching business” will yield numerous articles on how to get certified, create an LLC, and set up a home office.

It is not necessary to be certified as a coach, although investing in personal growth with time, energy and resources is always beneficial. For the sake of simplicity, any type of non-sport training can be included under the umbrella of life coaching. A better approach is to identify your coaching archetype and use it to attract customers by focusing on one or two main marketing strategies. Life coaching is not a pyramid scheme because most people who invest in it are not other coaches.

If you want to become a money coach who addresses trauma, privilege, race or identity, there are many people who are willing and eager to make the change they wish to see. Unfortunately, there are also articles and ads from trainers who primarily work with other trainers. However, this number is misleading because some coaches earn much more than others. The availability heuristic can lead people to believe that the examples they see are representative of the industry as a whole.

This statistic only takes into account North American coaches (coaches from other countries earn less on average). It can be difficult to monetize life coaching until it is applied to a specific problem that people want solved. Starting a life coaching business is easy and affordable, even if you decide to get certified (and without certification, there are virtually no start-up costs).

Edmund Thomas
Edmund Thomas

Unapologetic beer fanatic. Unapologetic social media trailblazer. Subtly charming beer geek. Devoted zombieaholic. Certified social media evangelist.

Leave Reply

Your email address will not be published. Required fields are marked *