Coaching Inc with Tom Krol
Are you a coach, consultant, or expert, struggling to generate consistent leads, make more sales, and earn more income? Are you tired of wasting your time on old and outdated marketing strategies that just don’t work? Do you spend hours and hours creating content that doesn’t attract paying clients let alone build an audience? Are you starting to think that building a coaching business just might not be for you? Well, if you answered YES to any of those questions, you’re in the right place. I’m Tom Krol the founder of Coaching Inc and host of this Podcast. I’ve helped thousands (yes thousands) of people achieve massive success and generate mountains of revenue using my proven methods. I don’t say this to brag, it’s just a fact and it’s part of why I launched this Podcast. I see too many incredible coaches struggling to make money in this business and it truly breaks my heart. Well that stops TODAY! I want to show you how to (finally) get paid what you’re worth and start generating the income you deserve. And I want to teach you how to do this without spending hours creating content that doesn’t work, and without doing webinars, seminars, or building complicated funnels. The goal of this podcast is let you peak behind the curtain of some of the most successful coaches in the industry, so you can emulate their strategies and tactics and start getting immediate results, putting revenue in first position. This podcast isn’t about theory and it’s not filled with a bunch of fluffy words to make you feel good. I’m putting these incredible business builders in the hot-seat and getting them to share all of their biggest secrets, bam! If what you’ve been doing isn’t working and you want to get to revenue fast, this podcast is for you. If you follow folks like Alex Hormozi, Ed Mylett, Andrew Huberman, Russell Brunson, and Tony Robbins, welcome home. Twice a week, you’ll discover the most current strategies and tactics that are getting results and making people money in today’s online environment. We’ll be covering everything from choosing the right niche, to pricing your programs and services, to generating more leads than you can handle, and how to convert those leads into real income, right now. It’s about taking massive, imperfect action and adopting a “progress not perfection” attitude. Think of this podcast as having a mentor in your back pocket. If you’re willing to join me on this great adventure, and you’re a go-giver who is willing to step outside your comfort zone and do the work, this podcast is your lifeline. Let’s charge Rhinos! BAM!
Coaching Inc with Tom Krol
CIP - S2 - 009 - Why PayPal & Stripe Could Shut Your Business Down Overnight with Ryan Ellefsen
Are you trusting PayPal or Stripe to process your payments? If so, are you aware that one day they could freeze your funds without warning? This episode discusses the hidden risks of using these platforms, particularly for coaches and consultants. Ryan Ellefsen, who has helped finance big names like Tony Robbins, reveals why your payment processor might be the biggest threat to your business and how to protect yourself from disaster.
You’ll learn how to:
- Identify risks with PayPal and Stripe.
- Protect your business by setting up backup merchant accounts.
- Minimize unnecessary payment processing fees.
- Build strong relationships with banks to ensure smoother transactions.
Transition smoothly from beginner payment systems like Stripe.
What You’ll Learn in This Episode
- (02:58) Ryan explains how PayPal froze their account with no warning.
- (04:06) Why coaches and consultants are losing money without realizing it.
- (05:21) The issue with Stripe for high-ticket business models.
- (06:50) Stripe's hidden fees and how they hurt your business.
- (08:35) The importance of having a backup merchant account.
- (10:10) When to switch from Stripe to a more suitable processor.
- (12:00) How a direct relationship with the bank can protect you.
- (15:10) Why backup accounts are essential to business survival.
- (17:30) The difference between gross profit and net profit in merchant services.
- (19:40) How Stripe's pricing models don’t work for high-ticket offers.
- (21:40) Why business owners need to understand their merchant accounts.
- (24:20) The significance of reducing merchant fees for a healthier business.
- (28:00) Ryan shares quick tips on reducing credit card processing costs.
Who This Episode is For
- Coaches and consultants who use PayPal or Stripe.
- Entrepreneurs looking to secure their payment systems.
- Anyone interested in learning how to avoid financial pitfalls in business.
Why You Should Listen
If you're using PayPal or Stripe for high-ticket sales, you’re at risk of having your funds locked. Ryan Ellefsen provides insider knowledge on why these services may freeze your account and how to prevent it. This episode will help you avoid the mistakes that could cost your business thousands of dollars.
Follow Ryan here:
For more information about the upcoming Coaching Inc. Summit on April 28th & 29th, 2025, check out the official event here: https://coachinginc.com/summit/ or email us at: info@coachinginc.com
If you would like Tom's help in building/scaling your coaching business, go to www.coachinginc.com and fill out an application for your opportunity to work with him personally.