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16 Steps to Build a $1 Million Coaching Business in 2025

In this episode, David Bayer shares a detailed roadmap on how he would start, grow, and scale a coaching business from scratch, revealing 16 specific steps. David's coaching business grew from $170,000 in the first year to over $30 million in seven years, and he discusses the strategies that made this possible. He emphasizes the importance of identifying one's strengths, mastering the craft continuously, and understanding the target market. David also explains how critical it is to enroll clients one-on-one before transitioning to group coaching or creating digital products. He shares insights on how he moved from charging small fees to landing high-ticket clients, scaling his offerings through group coaching programs and live events, and even generating $1 million in a single weekend. The strategies he lays out are relevant not only for coaches but for various types of service-based businesses. His journey includes leveraging presentations, investing in speaking opportunities, and eventually hosting events that led to major financial success. The episode concludes with an invitation to apply these steps for building a purpose-driven, profitable coaching business. 00:00 - Introduction to Business Growth 01:30 - Identify Strengths & Expertise 03:30 - Align Passion with Market 04:50 - Continuous Learning & Mastery 06:30 - Define Ideal Client 08:00 - Solidify Business Foundations 10:00 - Confidence in Enrollment 11:00 - Ecosystem Engagement 12:00 - One-on-One Enrollment 14:00 - First High-Paying Clients 17:30 - Focus on Presentations 20:30 - Enrolling Clients from Stage 23:30 - Launch Group Coaching 25:00 - Organize Live Events 28:00 - Create Digital Products 30:00 - Building a Marketing Funnel 31:30 - Hiring & Scaling Interested in going deeper with us? Check out the following resources: 👉 SPECIAL MIND HACK/WHOLE HUMAN FRAMEWORK BUNDLE https://mindhackprogram.com/bundle-acm 👉 POWERFUL LIVING EXPERIENCE Check out our annual live event The Powerful Living Experience: https://powerfullivingexperience.com/acm 👉 FREE MIND HACK BOOK Join our newsletter and get David’s free Mind Hack ebook and training: https://mindhackprogram.com/acm 👉 NEED MORE SUPPORT? Interested in coaching programs and more support? https://davidbayer.com/ 👉 DAVID'S NEW BOOK Check out ‘A Changed Mind’ on Amazon: https://davidbayer.com/a-changed-mind... 👉 DOWNLOAD A CHANGED MIND AUDIOBOOK https://www.amazon.com/dp/B0DCKF721M 👉 AUDIO VERSION OF THE SHOW Looking for the audio only version of this podcast? Visit the link below: https://davidbayer.com/podcast/ Check us out on your favorite social platforms: LinkedIn -   / davidrbayer   Twitter -   / davidrbayer   Facebook -   / coachdavidbayer   Instagram -   / davidbayer33   YouTube -    / @davidbayer33