One of the advantages of hourly coaching is that it creates a source of reliable income for the coach.
As a bounty hunter, have you considered that people might lie to you about receiving benefits in order to avoid paying the bounty? It seems to be heavily tied on the honor system.
That’s definitely a risk. There are a lot of perspectives you could take about it, but probably if that’s too disagreeable, this isn’t a coaching structure that would work for you.
The key problem with pay-on-results is that it creates disincentives for clients to achieve their goals. If someone invests money into a coaching, that’s a commitment device to work on achieving results in the coaching.
I know a few people who were doing hypnosis for treating allergies. One friend who let themselves be paid succeeded in three out of three cases. Another person wanted to do a study and recruited patients for free study participation. It mostly didn’t work with the people who didn’t pay.
I wrote about prediction-based medicine as a system that both creates buy-in for the patient who’s committed while having the same similar incentives for treatment providers to solve people problems in a minimum amount of time.
One of the advantages of hourly coaching is that it creates a source of reliable income for the coach.
As a bounty hunter, have you considered that people might lie to you about receiving benefits in order to avoid paying the bounty? It seems to be heavily tied on the honor system.
That’s definitely a risk. There are a lot of perspectives you could take about it, but probably if that’s too disagreeable, this isn’t a coaching structure that would work for you.
The key problem with pay-on-results is that it creates disincentives for clients to achieve their goals. If someone invests money into a coaching, that’s a commitment device to work on achieving results in the coaching.
I know a few people who were doing hypnosis for treating allergies. One friend who let themselves be paid succeeded in three out of three cases. Another person wanted to do a study and recruited patients for free study participation. It mostly didn’t work with the people who didn’t pay.
I wrote about prediction-based medicine as a system that both creates buy-in for the patient who’s committed while having the same similar incentives for treatment providers to solve people problems in a minimum amount of time.