If you’re a coach, you’ve probably seen others boasting about their 30k, 50k, or even higher monthly earnings. You might be wondering, “How can I achieve my first $10k month? How do I reach my first five-figure month?” Well, in this post, I’ll be sharing exactly what you need to do to hit your first $10k month within your coaching business.

The Reality of High Earnings

Many people talk about hitting those impressive monthly earnings, but they rarely break down how they actually do it. So, having made my first $10k month (and beyond) at this point, I want to share the exact steps required to get you there too. Reaching six figures or multiple six figures starts with these foundational steps.

Step 1: Have a Solid High-Ticket Offer

The first step to reaching your $10k month and beyond is to have a solid high-ticket offer. When I coach my clients on high-ticket offers, I emphasize the importance of selling a package priced at $3,000 or more. The higher the investment, the easier it is to reach that $10k goal. In fact, you could potentially achieve a $10k month with just one $10k sale.

However, having a high-priced offer isn’t enough. You need to be confident in selling it. Many coaches aren’t confident in their programs, which makes it hard to hit those big numbers. So, the first step is to develop and stand behind a program that delivers the transformation your clients are looking for.

Step 2: Implement an Automated and Simple Client Attraction System

To hit your financial goals, you need to attract clients who are ready to invest in your program. This means getting in front of your ideal clients who are seeking the transformation your offering provides. You need an automated system—a straightforward way to connect with potential clients.

There are two main methods to do this: organically through social media, and via paid ads. Ideally, you should leverage both. If you have to choose, I recommend focusing on paid ads because they can provide quicker, scalable results. Spending money on ads might seem counterintuitive when you’re trying to reach a financial milestone, but there’s a way to run them without losing money, ultimately helping you achieve your $10k months.

I have a training that breaks down the simple client attraction system that I teach my clients and help them install in their businesses. You can check out this training by clicking the link in the description of this video.

Step 3: Collect and Analyze Data

Data is crucial for hitting your financial targets because it allows you to make strategic decisions. With proper data, you can predict your income more accurately and identify trends that will help you meet your goals.

There are three essential pieces of data you need to collect:

  1. Opt-In Rate to Your Email List: Knowing how many people join your email list is the first step. Your email list is crucial because it allows you to communicate with interested prospects, even if social media platforms disappear.
  2. Book Call Rate: Track how many of those who opt into your email list actually book a call with you. This indicates interest beyond casual curiosity and moves prospects further along your funnel.
  3. Close Rate: Finally, monitor how many booked calls convert into actual sales. This metric, your close rate, directly impacts your revenue.

Practical Example

Let’s say you add 100 people to your email list each month. Of those, 10 book a call, giving you a 10% book call rate. If you then enroll two of those ten into your program, you have a 20% close rate. With a $5,000 program, two sales meet your $10k goal. Thus, you know you need 100 new email subscribers monthly to hit your target.

Step 4: Master the Art of High-Ticket Sales

It’s not enough to just track numbers; you also have to master sales. Selling a high-ticket product isn’t like selling a commodity. It requires building trust and authority, engaging in meaningful conversations, and providing evidence of the transformation you’ve enabled for others.

Final Thoughts

All the methods and systems I’ve mentioned here are part of what I teach in my own coaching program. My clients get to install these same systems in their businesses, and I guide them by setting up a done-for-you profitable ads system to consistently generate leads.

If you’re ready to generate $10K months in learning more, I encourage you to apply for the Paid Mom Mastermind where you will learn how to generate consistent leads that ensures you always have clients in queue.