How Life Coaching Does Not Equal Business Coaching

Sep 10, 2014
life-coaching11Due to the nature of the two businesses, the confusion between life coaching and business coaching is nothing new. What makes it worse is the fact that both businesses emphasize on improvements in personal life, as well as professional one. However, make no mistake – the two are actually quite different.

The primary difference is that when it comes to life coaching, the main target is getting your personal life on track so that your business life also prospers. Business coaching on the other hand emphasizes on helping you make your business prosper and in turn, your personal life as well.

As a life coach, your job revolves around helping people tackle everyday issues, relationships, and other challenges, many of which are work-related. From getting a deeper knowledge of the client, and helping them come up with solutions, your job involves helping people get a grip on their life. However, there a few things you must consider.

From deciding the type of life coaching you will provide to deciding your target market that you will serve, there are quite a few aspects of being a life coach that you need to consider. However, the foremost technicality of being a life coach is accepting payments. Why? For starters, most people would prefer making payments through plastic cards. This means you are going to be needing a life coaching merchant account. This is where the problem comes in.

Life coaching is considered a high-risk activity, meaning that your chances of getting a merchant account are rather slim. As a result, you will be needing a high risk merchant account processor. At eMerchantBroker, this is exactly what you get.

At eMerchantBroker, our life coaching merchant accounts take into consideration all the different aspects and offer you a personalized plan that is in coherence with the nature of your business. At eMerchantBroker, we are aware of your business, its technicalities, and the highs and lows you can experience. As a result, we are prepared to lend you a helping hand with our dedicated service and chargeback insurance.

In the U.S, life coaching is increasingly becoming a popular career path. There is no denying the lucrative prospects that come with being a life coach. It is good money. But, when this money starts to flow in, what you need is a specialized life coaching merchant account, one that only eMerchantBroker can truly offer.

Contact us today to set up your Life Coach Merchant Account Today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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