You are here: Home / Archives for Life Coaching Business / Life Coach Salaries

Life Coaching Salaries: What You Need to Get a Raise

July 15, 2010 By 1 Comment

life coaching salaries: give yourself a raiseMost coaches don’t find it easy to increase their life coaching salaries, and it’s not that they don’t work hard.  Most coaches work longer hours than the average employee.  However, there are several reasons for the challenges many coaches face regarding their life coaching salaries, but once you identify the culprit, you can start making changes almost immediately.

What Keeps Coaches From Getting the Life Coaching Salaries They Deserve is Their Mindset

1

The biggest reason life coaches don’t get the salaries they deserve is that they don’t understand how to get a raise in the coaching business.  It’s actually contrary to what makes sense.  You don’t get paid to coach.  Sure your clients pay you, but when you focus on coaching as “work” you fool yourself into believing you have actually accomplished something at the end of the day.  Let’s face it, you would and probably have coached for free.  Your reward is the privilege of making a difference in someone’s life.  That is what you signed up for, isn’t’ it?

The Real Work in the Life Coaching Business is What You Don’t Want to Do

1

Hence, the reason it is called “work.”  If you want to have more clients you need to do something to get them.  Whatever your current strategy is, if you want to take your life coaching salary to the next level you are going to have to do something new; something that you don’t already do on a regular basis.  Something that you might not even really want to do, but you know you should.  What’s the definition of insanity?  Continuing to do what you already do and expecting a different result.  The key is to get out of your comfort zone and do the real work you need to do to expand your business.  Once you have this mindset, your life coaching salaries will begin to improve drastically.

Special Bonus – Learn 3 simple ways to become a life coach with the “30-Days to Become a Coach” video toolkit when you fill in the form at the top right and click the “Watch The Videos Now” button. You’ll learn how to change your client’s life in 45 minutes.

Colette Seymann

JTS Advisors Bi-Designated Strategy and Accountability Coach

Technorati Tags:

Filed Under: Life Coach Salaries, Life Coaching Salaries Tagged With:

Why Most People Will Never Become a Coach: What It Takes to Earn Life Coach Salaries

July 14, 2009 By 3 Comments

There are many people who want to become a coach but will probably never earn money through their life coach salaries.  Is it because it’s so difficult to become a coach?  Are life coach salaries shrinking due to the economy?

The main reason most people fail to earn the life coach salaries they want is that they think coaching is something they can dabble in.  They think coaching is something that they can work on part time and become a coach who lives their dreams and help others do the same.  There are lots of coaching companies who prey on these people’s dreams and never provide what they really need.  Not because they don’t want to, but because they can’t.

What It Takes to Become a Coach

.

So what do you really need to become a coach?  Long term, total commitment to the process.  Hunger, drive, and determination to succeed.  Just like any other profession, great life coach salaries don’t come to people who are testing the waters to see if might be a good fit.  A home study program won’t help you, unless it makes you realize that you need more than learning things in the comfort of your own home.  You need to get out onto the court and apply the knowledge as fast as you learn it.

What else do you need to become a coach?  Good coaches training programs, which are longer than a weekend seminar.  A good coaches training program has a track record of helping people earn decent life coach salaries and teaches their coaches how to become coaches who transform lives and market themselves to get clients.  Will one coaches training do it?  It’s a start.  But if you think you will know everything you need to know to become a coach who is earning one of those life coach salaries after your first coaches training, you are probably still just toying with the idea of being a coach.

You Can’t Become a Coach on Your Own

.

What you really need to sustain you until you start earning at least one of the decent life coach salaries is ongoing support and mentorship.  They say, “Talented losers are a dime a dozen.”  Success demands persistent action.  To become a coach you need to step outside your existing comfort zone on a regular basis until that comfort zone is expands.  A powerful peer group is a necessity.  Masterminds can help provide accountability to your goals.  But even beyond accountability, just being in a group of other people who are going places will help you to take action if for no other reason than to avoid being left behind.

The results you get in life will be whatever you are 100% committed to.  In order to become a coach who earns great life coach salaries and has an abundance of opportunities is no different than any other endeavor.  So if you’re not getting the results you want yet, just take a look at your commitment level and make adjustments.

Collete Seymann

JTS Advisors Designated Accountability Coach

Technorati Tags: ,

Filed Under: Become a Coach, Life Coach Salaries Tagged With: ,

Does The Intake Package Impact Life Coach Salaries That Much? Keys to Life Coaching Income

June 29, 2009 By 1 Comment

Life coach salaries are based upon more than just creating and selling an intake package along with your coaching services, but if you do the math, you’ll see that an intake package can make a tremendous impact on life coaching income. Let’s do some math on your life coaching income: If you sign up 12 new clients per year and charge an extra $250 per client for your life coaching intake package, that’s an extra $3,000 per year income (part of which, of course, will defray the costs involved with your coaching intake materials). If 2 of those clients get more value from your coaching because of the intake package you created for them and therefore refer another coaching client to you, and each of those two coaching clients amounts to another $2,000 in revenue to you, then you’ve got another $4,000 in life coaching income for that year specifically because of your intake package. If two out of those 12 coaching clients stay with you an extra 4 months each as a result of the value they get in your coaching intake materials and your coaching fees are, let’s say $500 per month, then your intake package caused you another $4,000 in coaching revenue.

Let’s Add Up the Increase in Life Coaching Income:

 

Charges for Intake Materials: $3,000.00
Referral Income: $4,000.00
Extra Months of coaching income from current clients: $4,000.00

Extra coaching income for the year: $11,000.00

The verdict on intake packages affecting your life coach salaries?

GUILTY AS CHARGED!

Read more below for the details on how to use the intake package to help you increase your life coaching income…

How to Increase Your Life Coach Salaries by Getting Your Clients to Pay Extra For The Intake Package

 

Life coaching income is about planning and timing. When your new client signs up for coaching, they have no idea what to expect, and they are going to be in a ‘yes’ mode (heck, they just said ‘yes’ to coaching with you). The point is that your clients have already made the biggest leap of faith and the biggest perceived risk once they signed up for coaching with you. Once you’ve sold the coaching, getting your new client to say yes to paying for the intake package is not such a big deal (but remember, it will be a big deal to those of you who want bigger life coach salaries). Think of it this way: Would you buy a $40 tie? Perhaps, but chances are, that sounds a little stiff, even if you regularly dress up in nice clothing. However, imagine that you’ve just paid $375 for a new suit, and then your salesperson brings you a tie that’s $40. Now that $40 tie doesn’t seem like it’s so expensive… not such a big deal now, is it?

Presenting The Intake Package to Your Client for More Life Coaching Income

 

Part of presenting the intake package to your client is going to be timing. As I eluded to before, make sure you let them know about the intake package after you get them to agree to pay your coaching fees, etc. Beyond that, make sure you tell them about these facets of the intake package/fees in this order, and you’ll see your life coach salaries increase:

1. Break it to them that there is an intake fee in your coaching; mention the amount, but that it is only a one time thing.
2. Explain that the intake fee helps to cover both the cost of the extra time you spend to get the coaching relationship started, the administrative costs for creating their ‘file’, as well as covers the hard costs of all their intake material and intake package.
3. Mention all the valuable things that you include in their intake package (you can also mention the approximate prices of any of those items if they impress the vast value/cost to you that the item embodies).

The point of the intake package issue is to remember that every little bit of income counts in your life coach salaries. You can’t ever afford to skimp on the value you add to your client and you can’t afford to skimp on what you charge either in order to make your life coaching income enough to sustain you and those you care about.

Jeffrey T. Sooey
CEO, JTS Advisors
Founder, Coaches Training Blog community

Technorati Tags: ,

Filed Under: Life Coach Salaries, Life Coaching Income Tagged With: ,