As a business coach or executive coach, did you understand:
Face to deal with coaching is the preferred technique of shipment by 44%.
Email coaching is quickly fading and use by less than 10%.
Executive training from the bottom up represents 92% of all coaching services.
Personal pay clients drive 8% of the training incomes.
Executive training face to face is more efficient by 70% compared with phone coaching 30%.
Person to person training increases rates approximately 80% compared to phone training.
One-third of HR specialists does not see coaching as trustworthy.
Leadership or leadership advancement accounts for nearly 50% of all coaching.
Senior management represents 25% of coaching.
Bi-monthly conferences are becoming more popular than weekly meetings.
Customer contact must be at least 10 clients a week.
Between 25% and 45% of the Fortune 500 companies use coaches.
73% of all coaches earn less than $10,000 in their first year.
53% of all coaches earn less than $20,000 a year.
30% of all coaches have never ever been able to find 10 paying clients.
Just 9% of coaches are currently making more than $100,000 a year coaching.
Coaches who have actually been around over 5 years earn $300/hour.
HR professionals report $215 per hour rate for coaching.
Coaching yields a proven return on investment varying from 200% to over 1000%.
These trends are very important because the face of executive coaching is rapidly changing. If you can supply outcomes driven options that can cascade throughout the organization where ROI is rapidly attained and is sustainable, then your practice ought to grow in 2007. However, if you are still relying solely on telephone training, aiming to reach HR specialists or concentrating on non-leadership concerns, then your practice may greatly suffer.
Maybe now is the time to review your strategic strategy and make the required course corrections to your marketing strategy and sales plan along with all supporting METHOD SMART objectives. With this market growing at 40% yearly, these modifications cannot be made quick enough.