The network marketing coaching industry is exponentially growing. The estimated market size of the general coaching industry was $15 billion in 2019, and the market value is expected to reach $20 billion by 2022. According to PwC, the coaching industry is the second-fastest-growing sector globally.
Network marketing coaching includes team building, professional development training, recruitment training, and product selling. Moreover, becoming a network marketing coach is a great way to increase your cash flow. Over the years, I have successfully coached network marketers from newbies to global leaders. This blog post will give you a simple and effective guide to becoming a network marketing coach.
Here is a Guide:
- Have an understanding of network marketing: Network marketing is a business model that requires you to build a network of business partners or sales representatives to assist with closing sales and lead generation. There are different types of network marketing, and it is crucial that you understand how each of these types works.
- Choose your niche: There are hundreds of network marketing companies globally, with each of these companies selling different products. There are also different aspects of network marketing business, including product distribution and lead generation. It is important that you choose your specific niche. If you want to be focused on lead generation, keep yourself abreast with the notable challenges network marketers face when prospecting people.
- Brand yourself: There are hundreds of network marketing trainers in the world today, and it is essential that you brand yourself. What is your unique selling point? Why is your offer different from your competitors? Seth Godin defined a brand as a set of expectations, stories, and relationships that account for a consumer’s decision to choose your product and services over another. Your brand determines your style, content, and every other element of business.
- Create an online course: Skill development and virtual learning have become a norm in today’s world. Coaches are transitioning from physical classes, seminars to online courses and webinars. Interestingly, you can create your online course from the comfort of your home. Depending on your desires, you can create a course that is always readily available for people or a live course where you get to meet your students frequently. Each type has downsides; however, having a ready-made course is ideal if you intend to use this coaching business as a part-time job.
If you are considering having another stream of income, then this is for you. If you need any help, contact me to get started.
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