With a career in life coaching, you get a rich world: flexibility, the power to set your own goals and outcomes, and the ability to serve others while building up all the skills you need to live your own best life.
But will it make you financially rich? Depends.
If you’re a student of The Coaching Institute certified by the International Coach Guild you will have earning capacity greater than the average coach because of the global recognition it carries. If you also have the chops to build a reputation based business, you can make great money anywhere in the world.
Life coaching is an unregulated industry so a life coach can set their own fees for clients. Here's a quick breakdown of how much you can earn as a coach, according to salary comparison site PayScale.
—The average life coach hourly pay in Australia is $80.90 with a salary range starting at $53,783 to as much as $314,093
—The monthly retainer rate ranges from $200 per month to $10,000 plus per month, depending on the services provided
—Life coaches command speaking fees of between zero and $15,000.
Of course, all these fees are dependent on your ability, expertise, skill, experience and demand. They don't 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.
Watch the video below to get an in depth breakdown on what coaches earn, how they start out and how they grow their coaching business.