In training to be a coach, you are retooling yourself with an entirely new set of skills and techniques that will not only benefit the people who will become your clients but also help you clarify and realize your own goals. However, many ask, “Do coaches really make money?” In this segment, Christy Whitman, the Founder of the Quantum Success Coaching Academy, reveals how much a certified coach makes, including the non-monetary benefits of the profession.
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Benefits Of Being A Coach – How Much Do Life Coaches Make? by Christy Whitman
I’m Christy Whitman, Certified Master Law of Attraction Coach and the Founder of the Quantum Success Coaching Academy, which to date has trained and certified thousands of successful coaches worldwide. Coaching is an extremely rewarding profession on so many levels and it’s also one of the fastest-growing industries in the world. Through the sequence of short videos, I’m going to teach you the key fundamentals that you need to know to get started as a coach and how to create a fun and thriving coaching practice that’s in perfect alignment with who you are, what you value and what you most want to contribute to others. I hope you’re loving this series as much as I’m loving the opportunity to share this information with you.
In our last segment, we explored the most important factors you should look for when deciding which life coaching training program is going to provide the best fit for you. As you’re researching the variety of certification programs that are out there, I encourage you to keep in mind that you are retooling yourself with an entirely new set of skills and techniques that will not only benefit the people you’ll eventually work with but will also support you in clarifying and realizing your own goals and desires both in your professional and personal life. As you consider the time and cost of the training, remember that it’s an investment on a whole new career and lifestyle. This investment will return many dividends in terms of greater freedom, flexibility and financial reward. This last point leads me right to the heart of what I want to share with you.
One of the first questions people have when considering this career change has to do with the salary range of a life coach. They want to know how much life coaches typically charge, how much a life coach can make in a year and how to make money coaching online. These are the questions that I will address in this quick segment. The first thing you need to know is that, yes, life coaches do make money. I know this from my own personal experience and also from the results of several studies that were conducted that confirmed how much a life coach can make. For example, a study conducted by PricewaterhouseCoopers commissioned by the International Coaching Federation determines that life coaches make an average of $207 per hour, while some executive coaches earn up to $3,500 for a single session.
As you can see, the financial rewards of becoming a coach are clear, but what’s even more exciting is that the earning potential in this field is truly unlimited. When people ask me, “How much money can I make as a coach?” my answer is, ‘”How much money do you want to make?” It’s all up to you. Coaching is one of a small handful of lucrative careers that allows you the freedom to determine your own fee structure, set your own schedule and choose the number of clients you coach on any given day. It also gives you the flexibility to work with your clients face-to-face on the phone or deliver your process entirely online via the internet.Coaching is an extremely rewarding profession on so many levels, and it's also one of the fastest-growing industries in the world. Click To Tweet
For example, when I first left my job in Corporate America to pursue my dream of becoming a full-time coach, I worked exclusively with individuals that I coach one-on-one. Eventually, as my practice started filling up, I found that leading group coaching calls over our conference line was a more efficient use of my time. After my business had exploded and those group coaching calls were being facilitated by coaches that I had trained and certified, I created a library of specifically-focused coaching programs that are offered entirely online.
I share this example because a lot of people ask me about how they can make money coaching online and this story illustrates how this expansion happens organically as your practice grows. Another amazing benefit of being a coach is that you can work part-time and make an extra $40,000 or $60,000 per year, or you can decide to transition out of your current job and coach full-time. The same study I cited concluded that the full-time coaches make an average of $82,000 per year, but the sky is truly the limit.
When you take into consideration the fact that coaching allows you the freedom to work from home while sitting on a beach or from virtually any location in the world. You realize that the nonmonetary rewards are every bit as sweet. I want to take a moment to expand upon one of these non-monetary rewards that people receive when getting certified through my Quantum Success Coaching Academy. It has to do with the personal transformation they experience in their own lives. During the twelve months, they’re focused on the very powerful principles and processes that they’re learning. The same methodology that will allow you to support others in transforming their lives. You’ll get to practice applying to aspects of your own life. It’s amazing. It’s not uncommon for people to come into this training wanting only to create a new lucrative, fulfilling career, but also wanting to shift some other important aspects of their lives such as improving the quality of their relationships, increasing their level of self-confidence or to effect a change in their physical appearance.
The great news is that you get to immerse yourself in the practices of meditation, visualization and energy alignment. As you begin to understand the nonphysical forces like attraction, resonance, momentum and magnetism that underlie, organize and proceed every act of creation, you will experience a shift in your internal world eventually manifest as a change in the outer conditions of your own life. If you get to choose to get certified through the QSCA, you will learn how to work with your own energy field to vibrate in harmony with the things and experiences you desire, including your desire for financial abundance.
What this means is by the time you’re ready to take your first paid coaching client, you have shifted into a whole new mindset about abundance. Many of my coaches have told me that the personal growth they experienced in the course of their training is one of the most valuable benefits of all. The principles you’ll learn throughout the training are the same ones that I’ve studied and applied for many years and still do to this day to transform every circumstance of my life.
Now that you have a clear picture of how much money life coaches make, I invite you to take some time to imagine yourself as the owner of a thriving coaching practice filled with clients whose success you get to celebrate on a daily basis and reap the rewards, monetary and otherwise, that you will experience as a result of teaching and applying these transformational tools and processes. More importantly, I invite you to inquire within yourself to discover whether life coaching might be your calling in life like it’s become mine. You’ll be amazed at how much joy and adventure you will find when you start following your path. I’d love to hear your thoughts or questions about what we discussed here. Please write to me in the comments. If you like this, please hit the like button and share this with your friends and colleagues. To get even more coaching tips and insights, subscribe to this channel. We’ll keep you posted as soon as we publish something new.