This is the best economy for life coaching business. Even if your life coach salary seems to be feeling a bit less abundant, it doesn’t have to be the case. In fact, most coaches actually leave money on the table with every life coaching business transaction. Here are a few ways you can improve your life coach salary.
Wasting Time In Your Life Coaching Business is Like Robbing Yourself of Life Coach Salary
The number one reason why most coaches don’t make as much as they would like in their life coaching business is because they undervalue their services and their time. And as they say, how you do one thing is how you do everything. Undervaluing your time in your business is doing things that don’t produce revenue. Filing instead of prospecting, checking emails instead of putting together products for your life coaching business; there are a lot of things that will keep you busy, but few that will actually affect your life coach salary.
This tendency shows up in all aspects of many people’s lives. Time wasters such as television, surfing the net, and even some conversations with people all rob us of precious time. This is time that could be used for good; time that could be used to help you earn a better life coach salary.
Valuing Your Time is Essential to the Success of Your Life Coaching Business
Another reason why many coaches don’t earn the life coach salary they desire is that they don’t charge for their time. You could actually increase your life coach salary without adding any life coaching business, just by charging appropriately for your time. They clients who are paying you $25 a session could be moved to a group coaching format, with an option to continue on a on-on-one basis if they choose to later.
Don’t play small with your life coaching business. Be bold and lead. As a certain guru said once, “If you want to help the poor, don’t become one.” Value your time enough to ask for a decent life coach salary. And when you do so, you give your clients permission to ask more of you from your sessions and get greater results in their own lives.
JTS Advisors Bi-Designated Strategy and Accountability Coach