Are you looking to get same day funding to expand your business coaching business? Are you looking to get an edge over your competition and make a name for your business? Same Day capital for your coaching business might be the answer.
There are over 60,000 business coaches in America, and coaching has grown 4% on average in the last 5 years and generates roughly $15 Billion a year in revenue. Whether you are an affiliate marketing coach or a Real Estate coach, getting the money you need to expand your business and reach is crucial.
What is Same Day Capital?
Same day capital is a short-term business cash advance where you are given an advanced amount of money based on your general monthly business revenue.
There are two types of advances that are becoming very popular in the U.S. right now: Merchant Cash Advance (MCA) or a Business Cash Advance (BCA). MCAs are paid back through your future credit card transactions, and BCAs are paid back through your future business revenue. BCAs are becoming more popular because they don’t rely on credit card transactions.
You can use same day capital for your coaching business anyway you want. The funds are available to you typically within 8 hours if you meet the requirements.
Why MCAs and BCAs are gaining popularity is because you only need a 450 credit score, no collateral, and only need to make $5,000 a month with your coaching/mentoring business. (Our requirements are more lenient than other lenders)
BCAs or Same Day Capital are the best alternative financing options on the market today because big banks are not lending to small businesses like they used to.
Using your Same Day Capital to grow your Coaching Business
The success of your coaching business comes down to three main areas:
One) Unique Selling Point: The more narrow of a niche you can focus on the better. Anyone can be a general business coach, but only a handful of people can truly specialize in NFT coaching and marketing, for example.
NFT’s are basically one-of-a-kind digital artwork that you buy the rights to. I made up that example, but I’m sure there is a program like it. You get the point.
Offer something that hardly anyone is doing, but there’s enough interest to make a living from it. And, be passionate about it. Eat, breathe, and sleep it. Otherwise, you’ll burn out – because you need a ton of content for your program.
Two) Specialization or Expertise: The only thing that separates a great mentoring program and a subpar mentoring program is expertise. Do you know more than the other coaches in your industry? The top coaches are constantly being trained by their own mentors, yes mentors for mentors. You must always be learning the latest techniques to fold it into your own mentor programs.
Three) Marketing: My motto is the person with the most content online wins. If you want to dominate a sector of coaching, you have to be everywhere online.
For example: Grant Cardone is an online sales trainer. He is estimated to be worth over $250 million dollars. He started as a broke car salesman and wanted to learn everything about sales. He later went on to write several #1 selling books and creating a sales training empire with over 5,000 videos on Youtube.
He exploited social media to the fullest because he understood it was free and that his content would eventually show up everywhere. You need to dominate the marketplace. Hire someone who can teach you SEO for creating content online. You need SEO titles for videos, blog articles, and your website. That is half the battle right there.
Applying for Same Day Capital
Getting same day capital for your coaching business is crucial if you want to remain relevant in the coaching industry. Having a clear business plan mapped out before you get the funds is important, so you can hit the ground running.
Write down the top 3 income-producing things you can do for your coaching/mentoring business and use the funds for those. But, I’m sure you know exactly what you need to do to advance the business.
Again, the requirements to get approved are straightforward: 6 months in business, 450 credit score, $5,000 a month in revenue, and must have an EIN and business checking account. Obviously, you can’t be overdrawn every month and have loans out already.
Fill out the 5 minute application. It won’t affect your credit. I wish you all the success in the world and God Bless!
Erik C. Johnson
Independent DAC Agent