Earn Money as a Life Coach

Earn money as a life coach

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Looking for a work from home job that allows you to be your own boss, make money and still interact with people? Life coaching may be the perfect fit for you. The demand for life coaches is on the rise, and the industry is already valued at $2 billion. 

You don’t have to earn a degree to work as a life coach either. In fact, most people can begin with very little training. The most important thing is to be a person with a positive attitude and a real desire to help people improve their lives. If that sounds like you, read on to learn more about becoming a life coach.

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Life Coach Job Description

So just what does a life coach do anyway?

This is quite a special earnings method. You can think of a life coach as being similar to a coach for a sports team. The coach helps the team come up with strategies to help them succeed at winning games. He or she points out the strengths and weaknesses of the players and helps them to develop their skills to overcome the obstacles that stand in their way of excelling in competition.

Life coaches do the same thing, but instead of coaching athletes, they coach men and women who have certain goals in life. A coach may meet with clients online using Skype or a similar service, over the phone or in person at their homes, their clients’ homes or in public places like coffee shops. They also give their clients exercises and assignments to complete between sessions.

Many life coaches choose to specialize in one particular area. For example, some life coaches are focused on helping people develop their charisma. Others assist people with building organizational skills, becoming more detail oriented or achieving their dreams. The field is wide open; you can choose any type of specialty that you feel is in demand and that interests you.

Earn money as a life coach

Getting Started as a Life Coach

Becoming a life coach and starting to earn money on it doesn’t require you to earn a certain degree or even to get a license or certification, although there are programs that you can complete that will certify you as a life coach. This can be beneficial for helping to attract new clients, but it’s not required to begin. To become a life coach, follow these simple steps:

1. Find Your Interests

Before you get into the nitty gritty of setting up a life coaching business, you need to take a step back and figure out why becoming a coach is something that you want to do. Ask yourself exactly why you want to be a coach. What about the field is appealing to you? How do you envision yourself helping people? What would be rewarding for you working as a life coach?

When you consider your own motivation, you’ll start to see a path forward. For example, if you determine that you’d like to help people become happier, you may decide that you want to coach people who are struggling to achieve their goals. If you would like to simplify life for your clients, being an organizational life coach may be a better fit.

2. Do Some Homework

To become a life coach, you don’t need formal schooling, but you need knowledge and expertise. Once you have decided what aspect of coaching is appealing to you, you need to learn about the field. Pick up a wide variety of self-help books related to your topic. Read them carefully and take notes.

A good place to find courses on this topic is Udemy, an online learning and teaching marketplace with over 100000 courses and 24 million students. Feel free to check out their offers here, if you are interested.

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Evaluate the material that you’re reading. What makes sense to you? What would you feel comfortable passing onto clients? What exercises and activities were covered in the books that you could use as inspiration for creating assignments for your clients?

While you’ll need to do a good bit of reading before you get started, you won’t be finished after you launch your business. Good coaches must constantly continue to learn, which means taking courses and seminars and continuing to read up on topics related to your niche.

3. Become a Coach-ee

If you really want to be a great life coach, you need to have someone to model. Hiring a life coach can be beneficial to beginners, as it will allow you to see first hand what it’s like to be on the other side of a coaching session. You may even want to meet with a few coaches for a few sessions before you start your business. You’ll quickly see that all life coaches have their own styles, and being exposed to different ways of coaching will help you determine how you wish to interact with your clients.

How to Earn Money as a Life Coach

Once you have the knowledge and some firsthand experience with being life coached, you’ll be ready to launch your business and start working with clients. Here’s how to begin earning money as a life coach:

1. Create a Website

earn money as a life coachMost people today will look for life coaches online and will want to read about the services of prospective coaches at their leisure before they sign up for a session. As a result, you’ll need to have a professional looking website up and running when you open for business.

You don’t have to pay a professional web designer to do the job. Using a service like WordPress and its plugins Elementor or Elegant Themes will allow you to create an attractive site without having to do any coding. Just make sure you proofread your web content carefully.

2. Spread the Word

When you’re ready to accept clients, let people know. Tell your friends, family members and acquaintances but don’t just say “I’m a life coach now.” Explain exactly what your service is and how it helps people. Talk about your work on social media and consider offering a free introductory 30-minute life coaching session to get people to try out your service.

Another way to find clients is through Fiverr, the world’s largest freelance services marketplace for entrepreneurs to focus on growth & create a successful business at affordable costs.

3. Become a Resource

One of the best ways to get new clients is by creating web content related to your field. You can make videos, start a blog, record podcasts or choose a combination of two or three of these types of media. Create short articles, recordings or videos on topics related to your field of specialty.

Make sure that you provide useful information while still leaving readers wanting more. For example, you might write a blog post on 4 ways to simplify your life. Then, at the end, you can give a call to action to contact you for more ideas.

4. Have a Social Media Presence

Make profiles on social media accounts. This way, you have a better chance of making money on Instagram and other sites like Twitter, LinkedIn, Facebook, and Pinterest.

Spend some time at least twice or three times per week adding content to your accounts. You can also start and monetize a YouTube channel by creating videos of snippets of your best advice and guidance. Social media is a great way to reach potential clients and to keep your current ones engaged.

5. Invite the Public

Offering seminars and workshops in your local area can help spread the word about your life coaching business. Rent a small space and set a nominal fee of $10 to $20 to attend. Provide useful information at the workshop and then use the event as a way to schedule free 30-minute coaching sessions to try and attract new clients.

6. Expand Your Horizons

To earn money online as a life coach, you can do more than just conducting coaching sessions. Write e-books on topics related to your niche or offer your services as a public speaker. Not only will you earn revenue from these related activities, but you’ll also help to solidify yourself as an expert in your field, which can help draw new clients. 

While some life coaches earn modest salaries, the ones with marketing genius have been able to turn the job into lucrative speaking gigs and publishing deals that earn them millions.

Should You Become a Life Coach?

For the right person, being a life coach can be a great job, and one that allows for plenty of freedom. Still, you need to ensure that the job is a good fit for you if you want to ensure your success. A great life coach must:

Be Satisfied with a Modest Salary

The average life coach earns $40,000 per year in the U.S. and often works for people who make $100,000 or more. For some people, this can lead to resentment and stress.

Have a Passionate, Driven Personality

When you’re first starting off as a life coach, you will likely struggle to find clients. If you’re not the type who can stay motivated and continue to work in the face of adversity, being a life coach may not be for you.

Be a Great Problem Solver

If you’re not able to come up with answers to your clients’ problems, you won’t be able to keep them coming back.

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