I’m a 29M. 2.5 years ago I quit my job to go full time in my online coaching business. I’ve had some ups and downs, but this entire year has been down.
The most I’ve ever made in a month was just over 6k
But lately it’s been hard for me to get over 2k per month
I barely have enough money to do the basic things and would like to hire some help but literally can’t afford it right now
Should I close the business down? Or get a job and do the business on the side?
Haven’t had a “job” in 2.5 years so I don’t imagine it will be easy to get, but I’m broke and open to anything
Any ideas?
There information for everything out there. There is most likely a definitive reason why you aren’t doing well. And there’s definitely been someone in your exact same spot who posted about it online, hard part is finding that information and applying it appropriately to your business. Giving up is always an option, don’t let it be THE option.
Yeah get a job and keep running this on the side until you can grow it more
What’s the coaching business about?
What’s your current marketing strategies?
What’s working and whats not working for you?
What’s working well for your competitors?
There’s a lot of question to ask before i can give some advice
Growth Archive has a lot of b2b growth examples that you could test out.
If you want a peace of mind, then get a job and carry on growing this coaching business on the side.
I look at it like this. Every time as a business owner you get to that point and keep going it’s a point someone else gave up and there’s one less competitor.
I’ve been a freelance artist since 2017 and this year was also absolute shit. I could barely afford food. And where I used to make 2k a month, I ended up with 500-700 Euro almost every month this year.
Don’t give up. Continue doing it if you enjoy it. I know it can be hard af and demotivating. But this year has been difficult for many companies. No idea what kind of planetary constellation or whatever caused it.
You can continue doing the coaching and maybe work a few hours somewhere everyday. Not e full time job but something that puts food on the table, just as long as needed.
On another note, if people here told you, yes give up and you actually feel like you don’t want to, you’d already have your answer.
Why’d you quit in the first place???
What sort of customer feedback do you get after you provide your service? Are your clients 10x happier after your service? Are they leaving a review afterwards, perhaps a quick video with their happy faces? How much do you charge them and have you tried raising prices in those 2.5 years at all - what was the response? Is the service B2B or B2C? How many clicks does your site get in a month? What’s your SEO ranking, are you building backlings? Who is your main competition and what are they doing differently form you? You’re asking us to help you but have literally provided 0 data. Business is a game of data and analysis my friend, you can’t just magically expect the world to give you that number one place. Sounds like all this time you are trying to work harder, but maybe it’s just about working smarter.
What’s the difference between the $2k and $6k months? Can you put more work into sales?
If you enjoy coaching, I’d get a job and do it on the side.
What sort of coaching do you do and how much do you charge?
I would get a part-time job just to get that extra cash in so it gives you the time to think about what to do next