How much is an online life coach salary? This is a question that people ask quite often and for valid reasons. Sure, the noble career path of life coaching is often shaped by one’s desire and passion to help others, but — the satisfaction of uplifting human lives aside — is it a rewarding business? Well, the answer is a resounding yes!
In fact, the latest statistics from ZipRecruiter.com show that as of Nov 2, 2020, the average annual pay for an online life coach in the United States is $64,221 a year. That works out to be approximately $30.88 an hour, which is the equivalent of $1,235/week or $5,352/month.
While annual salaries for some coaches can be as high as $149,000 and as low as $17,000, the majority of online life coach salaries currently range between $30,500 to $100,000 with top earners making $117,000 annually across the United States.
“In my experience, new business and life coaches can charge $100-200 per hour and veteran
coaches with established results can often charge $250-600 per hour, although most charge by the month, not the hour. What makes the difference is the skill of the coach and who they
coach,” wrote Julia Stewart, a coach from the School of Coaching Mastery in her Life Coach Salary (2013) report.
All these suggest there may be many opportunities for advancement and increased online life coach salary based on skill level and years of experience.
Online Life Coach Salary: How Do Coaches Make Money on the Internet?
When it comes to the best way to make money online, there are hundreds of options that are available to life coaches. Depending on your coaching niche and skills, there are many different online money-making activities that you can take place in. The bottom line is that, regardless of what you like to do, the Internet gives you the option to turn it into a way of making money. Some of the ways you can increase your salary include:
Online courses: A life coach can put together what he/she knows to create coaching courses, e-books, and other digital products for sale on their website or third-party websites like Coursera and Skillshare. However, this is a long-term strategy that requires you first build your blog, social media following or email list. You might need the services of a proven SEO agency and a content strategist for help with that.
Paid memberships: Yearly or monthly subscriptions to an online coaching group can also provide significant earnings once you have established a network. Members typically pay to have access to coaching materials, get answers to their specific queries or for additional support.
Group coaching webinars: Instead of taking on one client at a time, a life coach can hold just one webinar session and blast it to multiple people simultaneously, which means more money for the work of a single session.
Online speaking engagements: If public speaking is your forte, you can also make good money off online seminars and workshops while taking the opportunity to market yourself and your digital products.
Online mentoring: Once you’ve honed your skills, you can also impart your knowledge to budding coaches for a fee. You can even offer coaching packages to new coaches if you feel confident enough.
As a life coach who aspires to make money online, you will have to distinguish yourself from the competition if you want to succeed. You should know your target audience and understand your competitors even better. Do not let challenges stop you from accomplishing your goals. Every successful coach gives their business the very best effort possible. Hard work and determination will make your work online a success and provide you with a steady stream of income.
Writer, Coaches Training Blog community