Is the Coaching Industry a Pyramid Scheme? Setting the Record Straight Once and for All [Ep 64]

Is the coaching industry a pyramid scheme? Five people asked my team this exact question last week, and honestly, I get why. There's a lot of noise out there. Coaches coaching coaches to coach, sketchy income screenshots, and yes, some straight-up liars. But here's what pisses me off: people scrutinizing someone for investing thousands in their personal development while they blow money on nonsense every day.

So in today's episode I'm pulling back the curtain on what's really happening. I'll break down why the coaching industry pyramid scheme comparison is everywhere right now, expose the shady tactics that give us all a bad name, and explain the difference between manipulation and ethical selling. I share my own journey from LCSW to running a successful online business, including the debt, the fears, and why I hid my income for way too long.

If you're a wellness professional wondering if this whole online coaching thing is legit, or if you're tired of feeling guilty about wanting to make good money helping people, this episode cuts through the BS and shows you exactly how to build a business rooted in integrity, not recruitment schemes.

Topics covered on Is the Coaching Industry a Pyramid Scheme:

• Why does everyone keep asking if the coaching industry is a pyramid scheme - and what's the real legal difference.

• The coaching industry practices giving everyone the ick.

• The truth about the coaching industry pyramid scheme accusations and the "coaches coaching coaches" problem.

• Why therapists make better coaches than most coaching certification grads.

• What an ethical, sustainable coaching business actually looks like in practice.

Resources from this episode:

• Episode 63: Calling BS on the Coaching Business Myths Flooding Your Instagram Feed Right Now

• Therapist to Coach Accelerator program

• Enter The Podcast Giveaway for the chance to win one of Carly’s digital products: https://thethrivingtherapreneurpodcast.com/reviews

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Quote:

"I'm not building a tower of people below me, I'm building a ripple effect. And that ripple creates waves and impact generational healing income confidence." - Carly Hill