Life coaching was a rarity until the talk show circuit hit television. While it may seem like an odd career, even online life coaches can make a good living. However, while it is a great field to get into, it is not the right fit for everyone, and complications can arise as to how your business may operate.
You should focus on the type of life coaching you intend to do. While some are good at helping teenagers to those in their 40s, not everyone is. You need to make sure that you discover early on which age group or groups you work the best with. Secondly, you need to figure out which realm you will be conducting business in. Will you have an office, or will your work be based over the internet, with Skype? Anything is possible, however, you need to make sure that your state does not require you to be licensed to operate a life coaching business. Also, it is good to think about what your clients want. Some people are happy to communicate online, while some would rather meet face-to-face. This again is something that is influenced by your clients’ age ranges; however, it should be considered regardless.
Another thing that you need to consider is how you will take payments. For the vast majority of businesses, plastic card payments are accepted and encouraged. However, to process these payments you will need a life coaching merchant account, which can be hard to come by. This is because life coaching merchants are considered to be “high risk” meaning that they are at a higher risk of fraudulent activity. For this, you will need to seek out a high-risk merchant account processor that has experience dealing with life coaching merchants. One of the best is EMB or eMerchantBroker.com. We at EMB are familiar with the twists and turns your business can take, and we will not punish you or your business for them. In fact, we offer additional chargeback protection insurance to help our high-risk merchants from incurring high chargeback fees that can come from fraudulent charges.
Life coaching is a great calling, as well as a great moneymaker if you are right for the business. There are many ways to make your business work, however, something remains constant, regardless if you are a Skype-based coach or an in-office coach. You will need a life coaching merchant account, and for this, you need to look no further than EMB.
