For most entrepreneurs, establishing and growing their businesses is the prime focus. Many aspiring entrepreneurs with little or no acknowledge about entrepreneurship often struggle to scale their business, make meaningful connections, and track the progress. This challenge mainly exists for consultants and coaches, whose income can be variable and disproportionately inadequate as against the time invested. Yet, Derek Moneyberg, a leading wealth coach, has grown his coaching business from scratch to a multi-million dollar business.
Derek quit his job at the age of 19, to leap into the world of entrepreneurship. The success of his wealth coaching business comes down to these four major factors. Working with winners to win, guiding the diligent ones, focusing on long-term goals over short term feelings, and helping build success, not money. In terms of his own business as well as that of others, he believes that one needs to have a strong network of potential clients to market the services and to make it big. He says entrepreneurs should master the art of conveying their message to transform a potential client into a buyer. One also needs a positive, ambitious mindset to sail through the moments of apprehensions and failures.
His journey to becoming a leading wealth coach commenced unexpectedly, without a plan, through his network and word of mouth. Moneyberg’s approach to his real estate profession acted as a foundation and an inspiration for many, who then drove him to become a wealth coach for self-development and success. At present, for over four years, Moneyberg has been working closely with people from all around the world, including professional athletes, celebrities, industrialists, and entrepreneurs. Among them are ambitious and determined professionals who seek his guidance to level up their communication, negotiation, and social lives. Having worked with thousands of people to date, Moneyberg claims his present and potential clients know and understand his methods because they’ve witnessed tangible results. He says this has, in-turn built the ‘know’ and ‘trust’ factor, which is critical to getting new clients on board and building faith with existing ones.
When speaking on the mindset that a wealth coach needs to succeed, Moneyberg said, Derek believes that building a wealth coaching business is not for the faint-hearted. There are days when we face rejection, witness a dizzy learning curve and cut-throat competition. With time, Derek learned to develop an unwavering success mindset to stay focused and not quit. How does he maintain this approach? Derek explained, “I practice what I preach and expect my clients to do the same. I am a tough-love mentor, but that’s because I prefer building success for and with my clients rather than pampering infants. By giving specific and actionable advice on how to attain what the clients want, I ensure the objective and success are met – steadily, but sustainably.”
Years into coaching, through referrals, recommendations, and media exposure, Moneyberg has gained immense respect and recognition for helping people solve their problems. As a result, people seek out his advice and opinion on multiple occasions. Not surprisingly, his income has sky-rocketed to seven figures solely through his booming wealth coaching business.
Derek explained, “I didn’t anticipate wealth when I started; my goal was only to attain success. It was because I focused on work and building value that things fell into place, for good.”