According to experts who have worked with millions of people (like Oprah), everyone wants a better life, which helps explain the insatiable demand for life coaches. What is the difference between a life coach, a business coach and an executive coach? Sherpa's definition of an executive coach is someone who coaches executives on behavioral issues, which basically means that an executive coach is a life coach for executives. This advice might sound a little misleading. How can a blog generate additional income for a business coach? When maintained well, it's easy, especially if topics are what potential customers are looking for.
Constantly updating your blog not only attracts new customers to your website, but it also helps existing customers get a little more information, for free. Offer individual training sessions to customers. You probably know at least one person who has been proclaimed a life coach and then received crickets in response. I have also surveyed real coaches in different fields for real income figures, because I believe in verifying my data.
To earn money as a business coach, a combination of personal qualities, professional experiences and business-related skills is necessary. Group training sessions can be conducted online via Skype, social media, or in person at a specific meeting location. Since life coaching is a more streamlined sales process (you don't need to convince tons of people in HR and hire through a large company), and that it's cheaper for people to buy, it's sometimes easier to acquire customers. Group coaching sessions can also lead to one-on-one sessions, so never stop group coaching sessions.
Here is a useful graph, compiled by the helpful people at IBIS World, analyzing the state of training here in the United States. Starting with a training program allows you to create a solid foundation for your business, one that will help you grow faster. Then, at the end of each breakthrough session, if the person seemed suitable for training, I offered him an individual training package. One of the main benefits of training is that you can get a healthy income stream without a large audience.
When I got to this step, I outlined a training package based on a standard model that I had learned through research. The coaching industry has exploded over the years, as many business owners consider business coaching to be a valuable investment when it works. This may seem like a lot to charge right from the start, but people will pay 5 figures for personalized training services. Here is another useful fact about what a life coach's salary could be, collected from Payscale.
Because clients received highly personalized support from me in the individual coaching program, they saw dramatic results quickly.