It is important to first understand how you will be charged for your coaching session. Some online coaching programs are offered as a completely free trial, while others require a minimal fee for the initial tier and then additional fees for the higher-level specialty coaching. Other programs charge a flat fee for the duration of your membership term. Also, some companies have a monthly membership pricing model that allows you to pay monthly for the use of coaching over the course of an entire year.
For most online coaching programs, the initial service tier is quite affordable. Most service tiers begin with video conferencing at no additional cost and offer round-the-clock access to a live operator. You can then upgrade to the next level after your introductory term has ended. Some of the services included in the upgrade include webinars, transcription services, audiovisual, and the ability to upload and download practice files.
As you might expect, the higher your initial tier starts the more additional fees you will be expected to pay. For example, if you need transcription services you will likely have to pay an additional fee per page. If you want to watch a webinar, that will cost an additional fee per page. Also, if you go to a conference or seminar through the internet, your pricing model may include registration or subscription costs. These fees vary based on the program or company.
A few important factors drive the price of your initial tier. These include the amount of time you need in the coaching business, your level of experience with internet coaching, and your expectations for learning. Each of these aspects will have an impact on the pricing overview below. The best way to determine which aspect impacts your pricing model is to Go Now and examine all three elements in the pricing overview below.
You need to be confident that you can serve your targeted audience by billing based on your qualified rate for each client. You also need to be confident that your customer service program and infrastructure are sufficient for serving the targeted audience. As you review the pricing overview for the program below, you will see how many additional administrative tools you will be required to use. You must have your own toll-free conference line, to call potential clients or health professionals with questions about the program or health insurance. Your online coaching business must have state-of-the-art equipment, qualified call center operators, and state-of-the-art infrastructure to meet HIPAA compliance standards.
You also need to have the ability to quickly and easily process payment. The pricing overview for the online coaching programs below shows how you will incur charges for the administrative tools and infrastructure that you require to run a successful program. Some coaches charge per action, while others allow coaches to create several action cards that each have a pre-determined monetary value. You must have appropriate in-house software to manage these activities or have one that you can acquire relatively inexpensively.
The top online coaching platforms provide coaches with the tools to manage multiple clients as well as several action cards for each client. You need to be able to quickly and accurately assign a card to each person who calls for a consultation. For example, if a prospective client calls to schedule a consultation at two different times, the online coach must be able to assign two action cards per call. You must also have the infrastructure in place to track the session completion rates of your leads. The billing system for your online coaching programs must be established and tracking information provided by your leads should be accurate.
Online coaching programs are a great way to generate leads at affordable prices. You must however ensure that you can maintain excellent service standards and provide honest and complete pricing overviews. The pricing overview that you receive from an online coach program will be generated using accurate information obtained during the interview process. The HIPAA certifications that are offered by most of the leading online coaching programs adhere to the most stringent HIPAA regulations so your coaching programs are HIPAA Compliant.