Hi Everyone, thanks for the props Jaret and Colin. I'll look for you in Texas Colin as I'll probably be out there watching the race and will be great to see you in action again.
Interesting question about what I do different to where my rates are what they are. I don't know what if anything I do different then other coaches as there are so many out there and everyone has their own "system". One thing I have noticed in talking to other coaches is that I feel like I am extremely efficient with my work. I treat it like a 9 - 5 job. I get up at 5am to get my workouts in then work a full day in the home office.
One thing I have noticed in coaching are that there are basically two types of coaches. There is one type that writes the training plan, sends it to you and just assumes that you are doing everything, rinse and repeat each week. The second group (which includes me) writes the training plan and sends it to you but also monitors everything you do, power, splits, pace etc and takes that into account with each schedule going forward.
A lot of how I coach is also derived from the experiences I have had with other coaches and athletes. 25 years ago when I had my first triathlon coach when I was teaching full time I used to tell her that I had a staff meeting every Thursday after school therefore only had about an hour for training that day. But every week I would get my schedule and the same thing, a 3 hour training day. It was up to me to move things around and make it work. So one of the things I took from that experience was to always pay attention to what an athlete can and can't do on any given day and work within that. Pretty simple but am amazed at how many coaches don't do that. It's a "here's my system, make it work for you".
Over the years I have found with pricing and how I have set myself up that I have basically inflation proofed myself. Back ~10 years ago when the economy took its big down turn it had little effect on my business. For a lot of people, when money got tight, the first thing to go was the $300 a month coach. Not so much with the $100 a month coach, people were willing to hold onto that a bit longer. I also find that with my pricing athletes tend to stay on board longer which is better for both of us as really good results and improvement don't happen overnight.
To me I have a dream job. I spend most of my day in front of the computer looking at workout results, studying power files, writing training plans and answering training questions (and taking a peek at ST once in a while). I feel lucky that being involved in this sport for 35 years has given me such a wealth of knowledge and that I get to share it with others and actually make a living doing it. I'll never be rich but I'll always be happy.
Feel free to send me any questions, always happy to answer.
Mike Plumb, TriPower MultiSports
Professional Running, Cycling and Multisport Coaching, F.I.S.T. Certified