As a coach, you're likely no stranger to the idea of niching down. But have you ever stopped to consider whether it's really the right choice for you?
In my latest podcast episode, I explore the importance of understanding your purpose and income goals before deciding on a niche. I also discuss the benefits and risks of niching, and provide guidance on how to determine if it's the right choice for you.
Here are the key takeaways:
Consider what you truly want from coaching
Income and purpose are key factors in coaching
Niche down for faster growth and referrals
Risks exist in niching too early without direction
Experience in an industry can guide your niche
Passion for a subject can justify niching
Don't overthink niching; focus on helping others
Business fundamentals apply across all industries
Coaching can be successful without a specific niche
If you're considering niching down, or just want to learn more about how to grow your coaching practice, I encourage you to listen to this episode.
