The Business Sense Behind Life Coaches

Feb 05, 2015

 Life coaching may not be something the manager at the local McDonald’s is thinking about, but it’s certainly on the mind of executives on Wall Street. Life coaching has exploded beyond the realm of stay-at-home-parent types and has had a dramatic impact on big time businesses. eMerchantBroker has five of the main reasons why entrepreneurs operating life coaching merchant accounts are so sought after by industry leaders:

1) Coaching for ROI

Life coaches go beyond fixing relationships with estranged family members, they can pay businesses back six-fold for their services. That’s right, a good life coach is not only a perk, but a remarkable investment for a business. The Economic Times reported “coaching resulted in a ROI of almost six times the program cost.” Other side effects? Improved scores in co-worker relationships, teamwork, and even job satisfaction.

2) Coaching is NOT just for the ‘Bad Apples’

The usage of life coaches is changing within the business world. Before, it was simply a demonstration of good faith effort in rehabilitation for problematic employees. Now, with the staggering numbers supporting life coaching, businesses are utilizing life coaches for all employees is common—guaranteeing activity for your life coaching merchant account.

3) Coaching is time efficient

Studies have shown that the ideal life coach meets with an employee between 2-4 times a month. These sessions can focus on numerous areas of the employee’s life and use multiple techniques. It’s a diverse field. Yet, each session takes only 20-45 minutes to maximize value. The impact one life coach can have is broad yet presented in an efficient way that’s good for your business.

4) Coaching quality is valued

Do you have a dynamite executive life coach? Odds are good that they’re about to become even more in-demand. Dynamic, and successful businesses have demonstrated that executive-level life coaches for problem solving, creative thinking, and goal setting benefit the average 9-5 worker too. The demand is growing for your quality services.

5) Coaching is spiritual mumbo-jumbo

Life coaching has tangible, proven results. Life coaches are not gurus or yoga masters; they are professionals. While traditional banks label the field as high risk due to a lack of regulation, big businesses are believers. This is not your average ‘alternative’ wellness program.

Businesses with life coaching merchant accounts are on the rise. Now is the time to explore this profitable field and open a merchant account with eMerchantBroker. Experts agree with what we know: life coaching is trending upwards—and with real, tangible reasons. Now is the time for entrepreneurs to act and succeed in this market.

Apply for a Life Coaching Merchant Account and get approved in as little as 48 hours!

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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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