Andrea Leda
Change More Lives By Being Yourself

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Andrea Leda | Spiritual Leader for the Soul Seeker

 
 

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Why I dared to lower my rates and how it changed my life

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Do you ever have those years that teach you more in a condensed period of time than whole decades? This was my 2017 and 2018. Although only 24 months, this period taught me SO much about my self, my life, my goals, my business, and...coaching.

While I don't care to repeat these two years of dark nights and personal storming - they brought such raw honesty to the forefront of my life, it's something I wouldn't take away.

I came face-to-face with some of my biggest fears in the past two years and I survived. In the midst of it all, I was given the chance to reevaluate my life. Something I don't feel like I had a choice in, it sort of just swept me up. And I went with it.

My dreams changed and what I thought I was working so "hard" for also changed. One such truth I came home to was how inaccessible my work was, and I made the decision last year to LOWER my coaching rates substantially.

There's a trend in coaching to constantly be raising our rates. When did it become unacceptable to charge less than $100/hour of coaching? Or even $250/hour? Or...even more?

Now, I fell into this, and quick. It seemed like every few months within a single year I raised my rates until I finally tipped into the unicorn rate...$500/hour

"Ooooh, I've made it!" I remember thinking. I was wrong. I hadn't "made it." 

Instead, I am sorry to say I lost something very dear to me. I lost my focus on the greater whole.


One of the ways coaches differ from other practitioners (therapists, consultants, etc.) is we're trained to get to the heart of the matter quickly. 

>> Therapists may take months and even years to peel back the layers. It's process-driven.

>> Consultants may also take months and even years to implement a system. It's results-driven.

>> Coaches take what's in front of them and help their clients use their strengths, their story, and their desires to move forward. This can take months. It can also take days. 
Sometimes it can take a single conversation.

Because of our efficiency and effectiveness, we are encouraged to charge more money than other practitioners. This doesn't bother me. If we are doing our job well, our clients probably shouldn't spend years with us. 

One of the biggest questions I hear from coaches is: How can I make enough money and not burn out by over-filling my day with coaching conversations? In other words, "I only have so much time!"

One of the ways we bypass exhaustion is to make more money in less time. We default to high prices to re-balance our potential energy drain on our time. (I know because I did this. I got very good at doing this.)

-- BUT --

This shortcut is short-sighted. 

At what point are our prices a deterrent to the work we claim to be so dedicated to? 

At what point is our inflated belief in our value moving us away from service and not toward it?


Coaching has quickly become an exclusive industry because the reality is, money is an inhibitor even when we wish it weren't. The median annual income in the US in 2017 was $59,039.

I used to believe that it was not my responsibility where my clients found the money to pay for my services. Which in hindsight is a super convenient way to turn a blind eye to a deeper truth.

And while I do love money and love teaching people how to shift their relationship TO money, money is a limited resource for the majority of U.S. citizens.


For the most part, it is none of my business where the money to hire me comes from. But it is my business that my clients feel safe and congruent about spending their money with me no matter the amount. 

Working with a coach is an investment of our three core resources - time, energy, and money - and each needs to be spent from a place of being OK. No exceptions.

But as our prices rise, our exclusivity rises. As our exclusivity increases, we are no longer building unity. We are now fueling the very thing most coaches and closeted healers claim to not stand for.

This was my final realization -- 

If my work is not accessible, then I am not congruent with my declaration of bringing more harmony to our world. Inclusive, unified...harmony.


I brought my awareness to a dear friend and fellow master coach, Rachel, who founded the Integrative Wellness Academy. I told her about my revelation but that I also struggle with being too exhausted to take on more clients...so what is the solution? 

She gave me a great question:

"How can I have a thriving and successful business while staying true to my purpose of serving others and maintaining accessibility?"

I sat down in the wee hours of the morning in 2017 and had a heart-to-heart with myself. I remembered something a teacher and fellow practitioner shared with me months earlier. She said, "If a therapeutic process is inaccessible to any one person it is ineffective to all people."

This hit me hard then and still does to this day.

See the social worker in me, the one who was trained to advocate for the WHOLE system, still believes in this. If a system that claims to serve humanity is in any shape inaccessible, it isn't serving humanity. It isn't a whole system but only a part.

And which part of humanity do you serve? I'm sorry to say that when money is our only discernment it's rather obvious who it serves...and it is not the majority.

Why are we so compelled to get more for less? Less time, less effort. And why do I feel like I'm breaking some cardinal rule by not only NOT raising my rates but actually lowering them?

As a coach I've been given full permission by my industry to ignore reality, but that isn't good enough.

"Charge your worth!"
"People only show up when risk is alive!"
"People will find the money if they value it enough."
"Your rates should make you uncomfortable!"


These are the most common rebuttals to "worth" I hear from my industry. I've even believed them and said them! Probably right here in this space. 

I can't go back, but I can be honest in moving forward. We always have a chance to re-evaluate where we are, and if our values change, that is OK. Let it be OK. 

Does this mean I'll have to serve more people to make the same income? YES. Think about this...really think about this. When and how did it become a bad thing to serve MORE people?!?! <----Sorry (not really), I am just really passionate about this.

Do I not value myself? Of course I value myself! I value my work and my skillset. I also value my clients' livelihood and their financial well-being. I value long-term coaching relationships that unfold over time.

Am I a poor businesswoman? Nope. I love business. I love leveraging my time and systems to keep my income sustainable and my margins healthy. I track my numbers and I track my profit. I also love finding new ways to serve people without maxing out on time like my monthly membership and weekend-long programs. 

Ultimately, here's why I got out of this high-price game...

> I value humanity over a business. If my business acumen ever comes at the cost of my integrity or of serving the whole then I am not successful. When I first made this move I accepted that maybe I won't be a 6-figure coach the next year. But the opposite happened - my income increased.  

> This work has to be accessible. Coaching is a wonderful thing to have in your life. It is supportive, playful, and challenging. It has drive and purpose but it's also a space to be seen and to practice things like vulnerability and self-acceptance. As much as I believe in the power of this work I don't believe it should cost you thousands of dollars, or in some cases the equivalent to a down payment on a house, to get access to a coach or coaching conversations. 

> Money is scary enough as it is. Money is easily in the top 3 topics my clients often focus on in our work together. I am not a financial planner or advisor, but I am equipped to support my clients in untangling their money stories, fears, and generations of money wounds. Hiring a coach or paying to do this work shouldn't be one more experience that triggers your money stuff. It also shouldn't stretch you or your family to such an extent that it causes additional stress or pain. 

> If not now, when? The world has felt a little uncertain lately. For many of us, the past few years were a trying and confusing time. Doing deep work like this can help us find our center amidst the uncertainty and keep us focused on how we can help ourselves and one another.

This work is healing, not just for the one doing it but for everyone in your community you affect. In order to help make that happen, my doors need to be more open than ever before -- I need to be more accessible than ever before. 

If you've wanted to talk to me, hire me, or just connect with me but haven't because the cost was prohibitive, my door is wide open now.
 
You can read my new heart-centered approach here:
>> www.andrealeda.com/coaching
 
Should it spark your desire for a conversation, find the link and apply!

Life Purpose, Money, Soulpreneurs, VulnerabilityAndrea WilbornAndrea Leda, Andrea Leda Wilborn, Certified life coach, professional life coach, Brene Brown, daring greatly book, gifts of imperfection book, self-worth, self-esteem, self-confidence, how to improve my self-confidence, worthiness, what is worthiness, effects of low self-worth, emotional body, what causes chronic pain, flight or fight, reptilian brain, emotional pain, can stress cause pain, stress induced pain, symptoms of burn out, effects of burn out, effects of anxiety, effects of stress, Mindfulness, how to be mindful, mindfulness practice, mindfulness exercises, meditation, mindful living, mindful eating, how to be balanced, balanced living, improve balance, create more balance, how to create more balance, intuition, how to listen to your intuition, how to use intuition, intuitive healing, intuitive coach, intuitive life coach, best intuitive life coach, how do I know my intuition is right, conscious living, conscious living coach, women’s success coach, women entrepreneur coach, coaching for healers, how to be a conscious leader, spiritual leader, spiritual coach, soul coaching, healer, spiritual director, spiritual abundance, authentic power, is money spiritual, life purpose, how to answer your calling, spiritual coach for entrepreneurs, coach for healers, coach for intuitive’s, wealthy healer, note from your higher self, note from the universe, the best leadership coach, spiritual business coach, soulpreneur, solopreneurs, business coach for women, ICF, PCC, MCC, ACC, Integrative Wellness Academy, IWAComment