How to Make Money as a Life Coach

Learn how much money life coaches make and what factors affect their salary. Find out what type of training is required and how to structure your work.

How to Make Money as a Life Coach

Life coaching is a rapidly growing field with many opportunities. You can start your own coach training school, train and certify people to become coaches, or even coach other coaches. But what is the typical salary for a life coach? If you're considering becoming a life coach, it's an important question to ask. There are many life coaching courses available, but they can be expensive.

So it's essential to know that you can support yourself financially once you've earned your certification. A personal development coach focuses on the client's self-awareness, life goals, and personal challenges. According to Payscale (opens in a new tab), the hourly earnings range for UK life coaches is between £20 and £97, averaging £48 per hour. The annual salary range is between £24,000 and £164,000. For example, life coach Gabby Bernstein has a popular weekly blog and 904,000 followers on Instagram. When estimating your earning potential as a life coach, there are several factors to consider.

These include the type of coaching you offer, your experience level, and the number of hours you work. A coach with less than one year of experience cannot charge the same fees as an experienced coach with over ten years of experience. Additionally, you will need to complete additional training hours to finalize your accreditation; these can range from 60 to 75 hours of training practice. During the certification course, you will learn the psychological principles and ethics of training, communication skills, and how to conduct a training assessment to determine client needs. If you want to run a successful coaching business, it will take more than just excellent coaching skills; you will need to understand the business side of things as well. It's important to remember that how much money you make as a life coach depends largely on how you structure your work and salary.

More people are hiring personal trainers and more companies are hiring professional coaches than ever before. If you specialize in a certain niche such as helping women in their 20s and 30s become more confident and achieve their goals, this can help you stand out from the competition. Many people enter the field of life coaching with prior experience in fields such as healthcare, teaching, human resources, and counseling. Understand that coaching is the easy part; it's the coaching business that you need to learn a lot about in order to have any chance of success.