A free challenge can already perform the job of a lead magnet: attract suitable people, collect permission to continue the conversation and introduce your coaching approach. Adding a second free resource is not automatically the next growth step.
First identify the problem the new resource would solve. "Other coaches have one" is not enough reason to divide your attention and advertising budget.
Check what the challenge already does
Does it give the right person a useful reason to sign up? Does it build the relationship and explain your paid service? Can you track whether participants become clients?
If those pieces are working, another entry point may duplicate the same job. You would then need to create, test and maintain two journeys instead of improving the one you understand.
Separate a new audience from a new format
A resource may be justified if it serves a distinct need or stage that the challenge does not address. Be specific about that difference.
For example, changing a video into a PDF without changing the problem or offer does not necessarily create a new opportunity. It may only change how the same person consumes the material.
Compare the operating cost
Count the work beyond writing the resource: landing page, delivery, tracking, follow-up and updates. With a limited budget, splitting traffic can also make each test slower to interpret.
Keep source tracking clear so you can tell which entry point produces suitable clients, not just the cheapest signups.
Improve the demonstrated constraint
If the current challenge works and more suitable traffic is the constraint, focus there. If the challenge has a clear weak transition, fix it before building around it.
A second lead magnet should have a defined purpose and a measurable place in the business. Build it when the evidence supports that purpose, rather than using it to postpone improving the existing journey.
Related guide: Meta ads for online fitness coaches: a practical funnel guide.
Watch the Propane training
See how Propane approaches building an online coaching business and decide whether the approach fits your next step.
Watch the Propane training