Aspiring life coaches often ask how they can make more money apart from their life coach salaries. There are many ways life coaches can make extra money and these ways are explored in the article.
Life Coach Salaries
According to PayScale.com, the average life coach salary is $55,200 a year. This salary data is based on the reported income of 1,841 people who hold the job title “Life Coach.” Life coach salaries vary widely. Self-employed life coaches earn anywhere from $25 an hour to more than $100 an hour, or more with some companies. Salaries of employees at a coaching firm start at $20 per hour and progress to $75, as well as health benefits and a retirement plan for full-time employment.
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Best Ways to Make Money as a Life Coach
Whether you are making $10,000 a year or $1 million a year, there is always a possibility for growth. Growth only comes when you realize it can happen. You will not grow if you are content or can’t see the future possibilities for growth. Here are some ways you can transform your coaching business from the level it is at, into a profit-making machine.
Earn from Speaking Engagements
If you’re interested in earning money from speaking engagements, there are a few important things you need to keep in mind. First, you’ll need a topic or issues that you can speak knowledgeably about. For example, if you’re interested in making money as a life coach on health and wellness, there are a number of issues you can speak about. These include:
- The benefits of strength training
- How to create a healthy eating plan
- How to balance work and life
The more specific your topic, the easier it will be for you to find clients who need your expertise. The second thing you’ll want to keep in mind is the time of year you plan to host your speaking engagements.
Create an Online Course
If you’re interested in earning money from an online course, there are a few important things to keep in mind. First, you’ll want to decide on a topic. Once you have this topic, you can search online to see if anyone is already offering a course on this topic. If no one is, that’s when you should get started. There are two ways to go about this:
- You can create an online course as a guest. In this case, you’ll have to share the guest course creator’s name.
- Alternatively, you can create an online course using your own name. This is what many people do, and for good reason. Using your own name will make it much easier for people to find your course. Plus, using your own name will increase the likelihood that people will pay for your course.
Earn from Writing and Publishing
If you’re interested in making money from writing and publishing, there are a few things you should keep in mind. First, you need to decide on a topic or issue. Once you have this topic or issue, you can use this information to create a blog or website around it. Next, you’ll want to learn as much as possible about the publishing process. This includes learning about topics such as:
- Finding an idea
- Finding a publisher
- Finding a market for your work
Once you’ve determined how to make money as a writer, the hard part is over. From there, you can simply write, edit, and publish content as often as you’d like.
Conclusion
As you can see, making extra money as a life coach is possible, and it doesn’t have to be a chore. In fact, these opportunities can be some of the most fulfilling and exciting ways to make money as a coach. Coaching can provide a steady stream of income if you work diligently to promote your business and services and always provide excellent customer service. Use these ideas to get started making money today!
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