How Much Do Life Coaches Make?
If you want to know how much life coaches make, this is part four of a 4-part podcast series, Become A Life Coach: Everything You Need to Know to Start and Grow a Successful Coaching Business + Clear Action Steps to Begin Today that will answer your question in full detail.
I’ve also written out everything you would want to know, related to answering your question: “How much do life coaches make?”
Or, keep on reading as we dive into the question: “How much do life coaches make?”
If we haven’t met, I’m Jeannine Yoder, creator and founder of the most personal, high-touch and soulful life coach training and certification program for women, Mentor Masterclass. My free Mentor Masterclass Self-Discovery Week, seven days of soulful practices to help you become a successful life coach, is one of the most popular free online coach training programs available to new and established coaches.
There are four main questions every human who wants to know how to become a life coach must answer in order to know how to get started as a coach:
What does a life coach do?
Do you need training to become a life coach?
How long does it take?
How much do life coaches make? (The question we’ll be diving into today!)
Exactly How Much Money Do Coaches Make In The First Year of Becoming A Life Coach
Ever since my coaching practice was featured on the front page of The New York Times, I’ve been teaching new and established coaches the exact same process that I used to quickly become a coach and a feminine leader — and to get paying clients within my first week of business.
All of that, plus a waiting list all within 14 months of becoming a coach, and I became known as “the coaches’ coach.” It’s the reason I created my full-length signature program, Mentor Masterclass. And like I mentioned, I’ll take you through a full week of self-discovery, for free, to get to know you and help you learn what method of making money as a life coach and how much money you have the potential of making as a coach.
For one week you’ll get to try out what it would be like to be a coach, and decide whether this career is right for you.
Coaching is the second-fastest growing industry (next to information technology) in America right now. The International Coach Federation did a worldwide study back in 2012, and they discovered that coaching was a $2 billion industry. And the industry has been growing rapidly ever since!
How Much Do Life Coaches Make An Hour?
If you want to know how much life coaches make per hour you first have to base this off their level of life coach training. On a day-to-day basis, most personal coaches are charging between $100 and $300 an hour. Specialized coaches usually charge $500 an hour or more, and sometimes it’s into the thousands depending on the specialty and their client success record.
How Much Money Do Life Coaches Make A Month?
If you want to know how much life coaches make each month you have to look at how much they are charging per hour, how many clients they have and how often they are meeting with their clients. Most coaches take on an average of 10-20 clients per month, who enroll in coaching packages. An average coaching package offers a discount for committing to 2-4 sessions per month. The math turns out to be on average $400-$2,000 per month, per coaching client.
How Much Money Do Life Coaches Make A Year?
When I have a one-on-one client, I currently charge $550 for an hour-long session. I also run a group coaching program that runs from $8,000 to $10,000 for each student, with 46 students enrolling each year. I also run retreats that are $3,000 for the weekend for each woman and range from 21-31 women attending. I run workshops, and an evergreen program that I only make once, then sell again and again while I sleep. The International Coach Federation found that most coaches offer at least one other product or service along with their one-on-one sessions. This is how coaches make $100,000 or more per year as a coach.
You’re still getting in early on the coaching industry’s rising tide if you’re looking into this now. For example, more and more individuals and businesses are starting to see the value of coaching and how it can transform people’s lives, both personally and professionally.
How Much Will Life Coaches Make Over The Next 5 Years?
Some more fun facts: 76% of coaches expect to see growing revenues and a growing client base over the coming years, and most coaches feel really positive about their decision to become a coach because they expect to see their businesses keep growing into the future.
As coaching becomes an even more widely recognized industry, a more solid industry, especially if you have great training, then that sounds like job security to me. I appreciate an industry that has a high demand, multiple streams of revenue — and I love knowing that as coaches we don’t have to fit ourselves into another role or into someone else’s schedule.
How to Create A Life Coaching Brand To Make More Money As A Coach
There’s something unique about you that someone is looking for. And that unique gift paired with high-level coach training is going to create a ripple effect that will change how we live and act in our world. You are your brand. Know yourself, your gifts and talents and you will begin to understand what makes you unique as a coach.
Most women who enroll in my signature coach training program, are not just here to make $100,000 a year. They’re drawn to coaching because they know they want to make great money and that coaching can provide the financial security and freedom they’re seeking. More importantly they want to create a lifestyle they love and to experience true FREEDOM. They get to choose who they work with, what they work on while they’re being of service in a very soulful way and doing meaningful work driven by heart and intuition.
The Power of Feminine Sovereignty And How it Relates to Making Great Money As A Life Coach
Inside my program Mentor Masterclass, I call being the sovereign queen of your life feminine sovereignty. It’s not a term that everyone is familiar with, but it means getting to the point in your life where you feel really deeply connected to your own trust in yourself and your ability to make decisions and lead. You feel connected to your brilliance, and to your softness and to your wholeness as a woman all at the same time.
You can think of it like an embodied archetype, this sovereign queen where you live your life and make your choices from this place of feeling strong but vulnerable, a place of feeling clear and decisive, but also flexible and open to divine inspiration and guidance.
For the women I work with, these three things are what coaching is really about:
Making a difference in your clients’ lives
I know this is a lot to think about. When you really start to tune into the essence of coaching on a deeper level like this, it can be really moving. So let’s just take a breath, settle in, and congratulate yourself for finally taking a moment to inquire into this and to finally get the answer to the first 4 questions you had in considering weather coaching was a smart career change for you. This can be a life-changing moment in your life — it was for me.
Now that we have answered, “How Much Do Life Coaches Make?”, do you want to keep going and discover the answers to the other questions I’m asked most about becoming a life coach?
Check out these posts, too:
And now that we’re connected, you don’t have to figure everything out on your own and you don’t have to power through the next steps to becoming a life coach. You’re about to learn what all the women inside Mentor Masterclass have already discovered, if you are willing to take the next step.
To fully understand the power of my signature coach training process you have to experience it for yourself. So go ahead and sign up for my free training. I’ll send you your first video for my 7-day free Self Discovery Week training and teach you the four distinct steps you need to take in order to start your coaching business today.
I hope to go through the self-discovery week with you! You can also subscribe to my weekly newsletter to stay connected, receive free weekly resources to help you grow your coaching business and become a feminine leader, and to get access to the next podcast episode in this series!
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