“How much will my life coaching income be?” is a question I hear often from new coaches and from people considering coaching as a career. The answer is, it depends. It depends first on what coaching model you are following. Let’s look at two possibilities.
New Coaches Can Work on Someone Else’s Team
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One model for earning a life coaching income is to work in someone else’s company. If someone else is providing you clients, or leads for clients, it eliminates a potential hurdle for you, but you will only get part of the client fees. For instance, if the client is paying $300 per month for one-on-one coaching, your agreement might be to split the fee 50-50 with the company for clients they send you. In that case, if you want a life coaching income of $2000 per month, you would need to be coaching 12-14 clients on a regular basis.
Now, that may sound like a lot of clients for not much money, but consider a few facts. First, with this model you don’t need to do any marketing or advertising to get clients. Second, you might only be working with each client every other week, in half hour sessions. Granted, you may need to schedule longer sessions when you are starting out, but as the number of clients increases, so will your experience, and you will quickly learn how to get results for your clients in half hour segments. So, you will be able to fit your coaching into 1-2 days twice a month and have a life coaching income to supplement your day job. Third, and particularly important for new coaches, you can have ongoing support, mentoring, and training from the company you are working for.
Earning a Life Coaching Income on Your Own
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A different and more usual model for life coaching is to go into business for yourself. All of your client’s fees would then go to you, so obviously your income from the same 12-14 clients would be doubled. If you choose to work with each client twice a month rather than every week, you could coach as many as thirty to forty clients per month in about 10 hours per week, and quadruple your coaching income.
Now, $300 per month is a pretty low fee for coaching. Consider what happens to your life coaching income when you raise your low $300 per month fee to a more usual $450 per month, with just your original 12-14 clients. Your income jumps to around $6000 per month! Pretty exciting, isn’t it?
Now you’ve seen some numbers. You’ve seen some pros and cons. It’s up to you to make a choice, take action, and make your life coaching income a reality.
SPECIAL BONUS — If you would like step-by-step blueprints for generating a massive income from high paying coaching clients, I invite you to claim your FREE ACCESS to the “Life Coach Salary Secrets” video toolkit. Go HERE to get it FREE.
Dorine G. Kramer
JTS Advisors Certified Strategy and Accountability Coach
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