{"id":11335,"date":"2012-04-05T06:03:52","date_gmt":"2012-04-05T14:03:52","guid":{"rendered":"http:\/\/coachestrainingblog.com\/becomeacoach\/?p=11335"},"modified":"2016-08-29T14:47:21","modified_gmt":"2016-08-29T22:47:21","slug":"personal-coaching-fees-too-high-or-too-low","status":"publish","type":"post","link":"https:\/\/coachestrainingblog.com\/becomeacoach\/personal-coaching-fees-too-high-or-too-low\/","title":{"rendered":"Personal Coaching Fees &#8211; Too High or Too Low?"},"content":{"rendered":"<p>When deciding on your <strong><a title=\"Personal Coaching Fees \" href=\"https:\/\/coachestrainingblog.com\/becomeacoach\/starting-a-life-coaching-practice-the-pleasure-and-pain-part-1\/9339\/\">personal coaching fees<\/a><\/strong>, you often ask yourself the question, \u201cHow much should I charge?\u201d It is often a dreaded question because the rate you charge has a significant amount of influence on how many clients you will attract and how successful your coaching practice will be.<\/p>\n<p>When deciding on your <span style=\"text-decoration: underline;\">personal coaching fees<\/span>, you may ask yourself several questions:<\/p>\n<ul>\n<li>What if my clients can\u2019t afford my rates?<\/li>\n<li>Would I pay myself that much?<\/li>\n<li>Should I charge less because I am lacking experience?<\/li>\n<li>Should I charge more due to my years of experience?<\/li>\n<li>What if potential clients think I\u2019m not a good coach because my rates are too low?<\/li>\n<li>What if clients don\u2019t think I am worth the high rate I charge?<\/li>\n<\/ul>\n<h3>Personal Coaching Fees &#8211; Too High or Too Low?<\/h3>\n<p>You can scare potential clients away by having <strong>personal coaching fees<\/strong> that are too high\u2026or too low! A recent report from the Harvard Business Review found that coaching fees range from around $100 to over $3,000. Wow &#8211; that\u2019s a huge range! Your task is to find what is best for your personal coaching business. How do you find that sweet spot &#8211; that perfect price where you hit the ball out of the park and land all the clients you can handle? It is not easy &#8211; but here are a few helpful suggestions.<\/p>\n<ul>\n<li>Setting a fee is related to your own confidence. As you gain experience, your confidence grows and so does you fee. But remember, confidence is a factor of experience and clients know that &#8211; you cannot start out by charging fees that are exorbitant because you are confident ( arrogant?) before you have even helped your first client.<\/li>\n<li>Don\u2019t charge so much that you appear uncomfortable when you state the price. Clients will pick up on this and think you are trying to gouge them.<\/li>\n<li>Do everything you can to appear professional. Coaches are professionals, but when we start out, we often try to scrimp and save on amenities such as a well- furnished office, a website, nice clothes, and other trappings that present a professional image. Coaches sometimes delay obtaining certifications. Don\u2019t be merely a commodity (people bargain for commodities!), be a professional!<\/li>\n<li>Consider packaging your services &#8211; group rates, monthly rates, or coordinating your services with a coach in a different field and offer multiple services to your clients.<\/li>\n<li>Pay attention to what others are charging. Know your market, know your competition, and know your peers. Find out the range of <span style=\"text-decoration: underline;\">personal coaching fees<\/span> in your field and then blend that with your experience. If you are just starting out, place yourself nearer the lower end of the range. If you have been a coach for years or previously worked as a therapist, or have special skills and knowledge to offer because of your work or life history, then you can charge fees nearer the higher end.<\/li>\n<li>Develop your own unique techniques and style. Learn from others but make your coaching style your own. Your unique style is worth more money and can push your personal coaching fee higher.<\/li>\n<\/ul>\n<p>Your style, knowledge, education, innate talent, and skills create the foundation for your coaching practice, but your <strong>personal coaching fees<\/strong> are the foundation of your business. determining the right price at different times of your career will be an important component of your success\u2026or failure.<\/p>\n<p><em>Hope you took some great value out of this post today! I\u2019d love to hear your feedback, so make sure you <strong>leave a comment<\/strong> with your thoughts or questions. And also, you can click on the Twitter button below to retweet this article\u2026<strong><a href=\"http:\/\/www.coachestrainingblog.com\/sp.php?adsource=blogtext\">Thank you!<\/a><\/strong><\/em><\/p>\n<p style=\"padding-top: 10px;\"><a href=\"https:\/\/coachestrainingblog.com\/becomeacoach\/bio\/fred-phillips\/\" target=\"_blank\"><strong>Fred Philips<\/strong><\/a><br \/>\nBusiness Coach<br \/>\nWriting Team, Coaches Training Blog Community<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When deciding on your personal coaching fees, you often ask yourself the question, \u201cHow much should I charge?\u201d It is often a dreaded question because the rate you charge has a significant amount of influence on how many clients you will attract and how successful your coaching practice will be. When deciding on your personal [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[195,451],"tags":[984,1286],"class_list":["post-11335","post","type-post","status-publish","format-standard","category-life-coaching-business","category-personal-coaching-fees","tag-life-coaching-business","tag-personal-coaching-fees","entry"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/11335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/comments?post=11335"}],"version-history":[{"count":1,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/11335\/revisions"}],"predecessor-version":[{"id":19230,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/posts\/11335\/revisions\/19230"}],"wp:attachment":[{"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/media?parent=11335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/categories?post=11335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coachestrainingblog.com\/becomeacoach\/wp-json\/wp\/v2\/tags?post=11335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}