When someone is considering becoming a life coach, they’re usually starting by investing a lot of money in a life coach training program. For that reason, they understandably want to know how much life coaches make , so that they can anticipate whether or not they will make a return on their investment.
So How Much Do Life Coaches Make?
The Courageous Living Coach Certification has surveyed its graduates and found that 70% of them are making money after graduation, though the amount varies wildly based on the amount of time someone has been a coach and time they are able to invest in marketing their businesses while also working a side job. Of those graduates who are making money, the range was $200-$1500 monthly.
Reports online vary wildly, with some people saying life coaches make $325+ per hour, and others saying that life coaches aren’t able to make money (our opinion? Life coaches absolutely can make money, though the $325/hour gigs are difficult to come by).
So, then: how much do life coaches make ?
Here’s what we say: coaching is a business, just like any other. You will build it by referral, one client at a time, just like any other. Anyone online claiming that you can easily make six figures in six months with their special secret? They’re lying.
We want to teach you the craft of life coaching, and we want you to make money at it–and we want you to do that sustainably and in a way that’s easeful, rather than creating stress around finances.
Initially, you’ll start with free sessions to build your expertise and referrals, then move to low cost sessions ($15-25/hour) and then slowly raise your rates, from there.
From our experience in the industry, most life coaches have an hourly rate of around $100/hour once their practices are established (and until your practice is established, we suggest the sane, sustainable, easeful approach of keeping your salaried job while you build out your practice).
Leading retreats, workshops, selling digital products, facilitating online courses, writing books, speaking, and being invited to teach for other people’s workshops/courses become a diversified income stream for most life coaches. The Courageous Living Coach Certification includes Coaching Blueprint marketing training, both basic and advanced modules, so that you can learn how to grow your coaching practice and turn it into a full-fledged business.
Want to learn more about our program? Click here for our course catalogue.