How Much do Life Coaches Earn?

Here's the thing. Some coaches make no money as a coach, even though they originally did set a monetary goal. These coaches receive the same training, the same materials and the same access to mentors and experts. Yet, the complain they have no paying clients. What gives?!

How Much do Life Coaches Earn?

Most people will hesitate to give you the real numbers. I think that's unfair. And it instantly raises my "BS detector."

Here's a quick breakdown of how much you can make a as a coach:

Per hour rates are between $75/hour and $1,500/hour or more, depending on skill and experience.

A monthly retainer rate between $200/month to $10,000/month or more, depending on the services provided.

A per event fee for speaking of between zero and $15,000.

Of course, all of these fees are dependent upon your ability, expertise, skill, experience and demand. These fees do not simply "happen" because you have done a program with a coaching school. You must have talent, ability, marketing skills, and a willingness to put yourself out there.

Here's the thing. Some coaches make no money as a coach, even though they originally did set a monetary goal. These coaches receive the same training, the same materials and the same access to mentors and experts. Yet, the complain they have no paying clients. What gives?!

It's simple. Like in any business, results come from taking the right action. Inevitably, all results come down to how much effort >you put in; how willing you are to learn and apply what you learn and how well can you persist.

The good news is all of this is "learned behaviour". In other words, you can always seek help, surround yourself with positive, passionate people and follow the right models to make it work.

HOW CAN I EARN AN INCOME AS A COACH?

Whilst some people who train with us don’t want to turn their skills into an income, many do. We have a very thorough step-by-step system in place to help our coaches achieve this. Coaches can earn their income through many different channels:

  • One-on-one coaching with a client list
  • Group coaching with approximately ten people, via phone or face to face
  • Workshops and seminars
  • Public speaking engagements
  • Applying for tenders for coaching ‘panels’ or teams of coaches
  • Providing diagnostic tools and methodologies, such as EDISC and Meta Dynamics™ profiling tools
  • Developing a personal or professional development CD set
  • Developing a personal or professional development DVD set
  • Writing a book
  • Having an agency of coaches and earning a percentage from the work they are given
  • Mentoring new coaches to develop their skills and abilities

Where to find coaching clients?

I get it. It can be daunting. You feel stuck. You're unsure where to find your first paid coaching client.

Or maybe, you're ready to start attracting more clients and grow your coaching business.

No matter where you are in your journey, here's the thing...

One of the most-frequently asked coaching questions from new coaches starting out in their coaching journey as well as those experienced is...

"Where can I find coaching clients?"

Starting out as a coach can be very daunting and frustrating at times. But I'm here to tell you that you are not alone.

14 years ago, when I started my journey, I didn't know where I was going to find my first paying client. Heck, I didn't even think I could do this.

But I showed up, every single day, starting in my bedroom with a box of notes in the company of my dog, Buffy.

And I had one key takeaway from the process of setting up a multi-million dollar coaching business, it would be this...

It starts with your mindset. It starts with putting value to what you provide.

And I mean not just "saying" you give value, but truly, really believing that you bring value leading to meaningful change in your client's life.

Because unless you believe in YOU, they cannot believe in you.

This is the first and foundational step to build trust with potential clients and help them move from being curious about coaching with you to becoming committed as a paying client.

Here at TCI, we teach our students a 7-step process for acquiring clients which is only a process.

Watch the video below to learn how to attract clients:

ABOUT DREAM TEAM

Dream Team is the award-winning marketing and innovations hub for The Coaching Institute and the coaching industry. Whether it's testing new ideas or challenging the old, updating best practices or disrupting conventions, Dream is here for you with the latest and best in the coaching industry along with tools, tips, strategies and case studies of real-world results that are breaking industry records.

(As a Level IV Accredited Professional Coach, you also get exclusive access to mentoring and support direct from Dream to accelerate your business success, get clear answers to confusing marketing questions, and on-demand support to action specific strategies)

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