destream Use Case №4 — Coaches and Mentors
Hey, guys! The “destream use cases” are here again!
By the way, if you haven’t read our previous “use case” articles, you can do it by just clicking (or tapping) the links below:
- About artists.
- About musicians.
- About cryptocurrency signal providers.
So, today we’re going to talk about coaches and mentors, but not about swindlers or the ones that promise to make you a billionaire in about 2–3 weekends, no! We’ll tell you about real professionals who’ve mastered their skill of passing knowledge & experience to some enormous levels.
First, let’s start with identifying the difference between mentors and coaches. According to PUSHfar article, a mentor is someone who shares their knowledge, skills, and experience to help another develop and grow, whereas a coach is someone who provides guidance to a client on their goals and helps them reach their full potential. And the main difference here is that mentoring is directive, while coaching is not. As it’s said in the article: “in mentoring meetings, it is likely to be the mentor doing more of the talking, whereas in coaching it is likely to be the coach posing questions and giving the person they are coaching the space to reflect and do most of the talking.”
Now, as we’ve finished with explanations, let’s get right down to business.
The ways of monetizing coaching & mentoring:
- Private work — private or for-profit mentoring/coaching is one of the most traditional ways of making money in the industry. With the growth of technologies, mentors and coaches don’t need to see their clients in person anymore. Instead, they just make video or phone calls twice a week while the quality of service remains the same. Beautiful, isn’t it? And there’s only one thing that can limit this beauty — the complexities on the way of paying the fees. Things get even worse if the client and the mentor/coach are from different parts of the world.
How destream helps: let’s start with the traditional thing: transactions through destream can be made from almost any part of the world, and the commission is single for all types of them — 4,77% — one of the lowest on the market. Besides, destream supports crypto transactions and has a function to automatically convert crypto into fiat money, so you can always be sure that if clients want to pay in crypto, the deal will stay convenient for both sides no matter the circumstances.
- Membership programs — modern mentoring and coaching both need great internet marketing strategies. And in today’s internet-marketing sphere membership programs are prevalent. Members pay a monthly fee and get access to seminars, webinars, workbooks, forums, group- and even one-on-one sessions. This creates a strong need for mentors/coaches to have a solid and versatile payment transaction system.
How destream helps: recurrent tips are made exactly for such situations. You just need to switch them on on your account and notify the clients. That’s all. All the recurrent tips, sent by the customers, will accumulate and come as a single transaction on the last day of each month. Besides, you can set the minimum amount of recurring tips to make the membership process as fast and clear as possible. To learn more about recurring tips, click here.
- Video blogs, blogs, and podcasts — creating media content is one of the trendiest and most cost-efficient ways of making income. You create videos on YouTube, reels on Instagram, articles on Medium or Telegram, and podcasts on Buzzsprout and that’s it — most of the deal is done. All that remains is to stay consistent in delivering as high-quality content as you can, and soon there’ll form a real community of people that are sincerely willing to go after you. And one of the best ways of monetizing your media content is to turn the juiciest parts of the knowledge into paid content.
How destream helps: and again, recurring tips. You can give access to the most valuable content to the people that make recurring tips. For example, try making a standard Telegram blog and one private chat for the tippers, where people can communicate with you personally and receive the most vital parts of the knowledge and experience you possess. The main advantages of destream’s recurring tips in this case are super low commissions (especially compared to conventional subscription platforms) and the ease of use (one-tap difference between one-time tips).
Example
Arts, music, and even crypto trading and signaling — our friend John has gone through a lot of hustle in the past and is ready to share his experience with the public. Recently, he started his mentoring career in the personal branding sphere and is doing pretty much alright.
As our hero is a personal branding mentor, it’s obvious that he has created his own personal brand and actively promotes it. The platforms he uses are Telegram, Buzzsprout, and YouTube.
How it works:
- The use of Telegram is as always — a group containing articles, useful information, work cases, memes, jokes, funny stories, etc., and a private chat. Here he monetizes his content and shares knowledge and experience… in exchange for recurring tips, of course.
- The story with YouTube is also a standard one — John uploads educational content (and some of his podcasts) there. Under each video, he places the classic destream tipping link. The generated income will be put to good use of making even better content. Besides, YouTube is a platform that John uses to gather people around his other platforms (like Telegram or Apple Podcasts).
- On Buzzsprout he makes audio podcasts with his peer mentors, the most exceptional customers, and just some interesting people. Most of the content is free, but there are ad-free episodes, some Q&As with special guests, and early-access episodes (that’ll eventually become free one day) that are sold or given access after recurrent tips are made.
Mentors and coaches are among the most valuable people that can make you better by not letting you do the mistakes that they have already made or seen others make. Such knowledge is a gift, and the sharing of that gift always must worth it. destream is the platform, using which mentors and coaches can concentrate on making a good job and forget about all the problems related to settling the payments process.
Have a nice day and stay creative!
