How Much Can a Life Coach Earn in The Market Today?
Well, this industry has grown to over a billion dollars just in the US alone. Back in the day, this niche was considered for people with a huge amount of luck or crazy talent. However, with the evolution of humankind, now anyone can become a life coach if interested enough.
The coaching industry is now divided into many categories these days. For instance, you will see professionals in the niches like business, health, personal development, etc.
Many HR departments now specifically hire a life coach for the training of interns or their employees. In this day and age, this isn’t a trend anymore as hiring a coach is now a necessity for the brands.
Do you know that a certified relationship coach can make up to $500,000 annually? Yes , it is really a super rewarding career! And best of all you do not need to spent few 100k to get yourself a relationship coach certification.
How much money can a Life Coach make these days?
In today’s world, stable life coaches are making quite good. Even the International Coaching Federation reports some amazing hourly figures as an average. It is said that on average companies pay over $235 per hour to Life/Business Coaches.
However, that’s only a general pay figure. Life coaches usually earn through various possible ways using the internet today. Many reputable coaches sell their own or affiliated digital products along with online group coaching’s like Life Coaches or Business coaches also use YouTube and other social media platforms to earn even more fame and money. They also sell E-books and other development utilities to increase their monthly or yearly income.
However, if you want to become a life coach, there are quite some questions even before the earning starts. For instance; how are you going to become a reputable coach? Why will people pay you? Why will people watch you? Why will people buy from you?
Do you have a Clinical Certification? The answer is NO! Why should people trust you with their life? People don’t even trust the certified doctors these days. Why will they come to you with their problems?
To understand that and to come up with a resolution, you will have to grapple with the main root of the question.
Why will People need you as a Life Coach?
Do you think that certification will get you in a place where you will be surrounded by a number of people with money in their hands wanting to pay you? No! That’s nonsense. No human knows your talent and no one has a connection with you. You have to make your place in this industry by striving hard in the right direction. You can do that by using the power of social media and print media like everyone else. Although you need knowledge and a strategy to make it looks appealing to the general public.
The strategy can be picked up but the style of the message must be your own. Only with appealing infotainment and continuous effort, you will see people gathering around you. That start will be pretty tough but if you keep on learning and practicing you will shine in the future.
Once you have made a space of yours, not much can stop you. However, you must know the benefits of the business before utilizing them.
What Will Make a Life Coach Earn More?
The best thing about being a coach is that they don’t have to worry about a regulatory body over their head. They aren’t governed by anybody to date and that makes them roam free in and around the people and organizations.
So, you don’t have to worry about any technical ethics like diagnostics or specializations in the fields. You don’t have to show your government verification card to anyone. You are the brand and regulation yourself.
That’s the best thing about this field for now. Even though it’s a billion-dollar industry just in the US, the government doesn’t seem to worry about it. So, you have an edge to see anybody to everybody. You can bite any type of knowledge and case and experiment with the chewing process if have to.
However, you can’t stick your nose in the business of a psychologist because that can be trouble for both parties.
What Will Make a Life Coaches Carrier Stable?
If we look at the most reputable life coaches, we have some very common activities. For instance, they can recognize if the person seeking help has medical depression and other psychological issues.
Upon realizing that they never welcome the client rather transfer them to a decent psychologist. They can do that because most of them are trained from ICF verified institutions. Thus, they know what to do when they face something they can’t handle.
That’s why it is always recommended for everyone seeking this profession to get a certification from a reputed institution. You should also follow up on new knowledge by continuing to read new books, signing into courses, and reading research articles.
A life coach is only as good as his or her reputation. So make sure to make a statement or start a debate if you are confident about your grip on the topic. When you think about growth by selling a product make sure that your product is legit.
If you ever think about selling a book, make sure to get it proofread by medical and senior niche professionals. When you sell something, your sales management should be professional. You’re after-sale services, your pricings and your quality should be professionally implemented.
That’s important because you need to come up as a role model rather than a figure with in-built mistakes. It’s necessary because no one likes to hand over their company or life into the hand of a failure.
Thus, talk about lessons and even talk about the lessons you had learnt but not at the moment. Your outlook should showcase nothing but success in your current life, nothing but the handling of issues in your current situation.
That will make people trust you and certainly that trust will give you fame, money, and glory.