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Caroline Marsh posted in the group The Community
I am growing my coaching practice and working out what I can reasonably charge for as well as coaching itself. I am considering putting on live Zoom workshops and wondering whether to charge for this. There are a lot of free ’self-help’ activities out there so it feels a bit daunting. What is your experience / views? If you do charge, what kind of price range? Thanks for your help!
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What is the purpose of your workshop? It is to find clients, expand the passive knowledge base, build a mailing list, show your skillset, etc. If you’re trying to build a newsletter, for example, I wouldn’t charge (or would charge minimally as mentioned). If you’re looking for direct conversions, and marketing as an expert while expecting already committed participants, charging $50+ a seat is not unreasonable.
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That’s a great question, Caroline – and some great questions posted by Kyle and advice from Ice. What are your thoughts on this Laura Thomas Andrew Wainstein Lucy Snell Jemma Vicki Harris? I know we’ve got some great coaches in the community so I’m sure this question will get lots of answers!
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I’m with Kyle to define is this event to bring coaching leads in or as a stand-alone thing. I would say it depends on where you plan to market it. Charging for a small event improves attendance and shows value, but it will reduce sign-ups and needs a bit more marketing power to fill it. If you have a warm audience you’d market it to and it fits a need or pain point in a unique way, it’s a strong value proposition. It might be worth partnering with someone who has an audience they can promote it to and offering them some of the fee.
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Thanks everyone for your thoughts, all helpful. I am thinking of a small workshop which offers something meaningful for participants as a self contained event. I am also hoping that some people may go on to become coaching clients. That might be a bit of cake mentality 😊 I am going to test something out with a coaching partner to co-host an event and we are planning the session next week. Your points about creating a strong value proposition are very useful Laura.
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I used to offer 1-on-1 coaching a few years ago for around $30 per hour. Now I am charging $75-100 per hour, and this is partially due to my work becoming more widespread as I released a book and am now an author.
For general events I try to charge little. Perhaps $10 at most. But in future I may be looking to host more specialized events for smaller groups, in which the price point would be higher.