Coaching is a great way to make money online and grow your business quickly. You can include it as part of your training or offer it as a standalone program. Another lucrative option is to launch a membership site. This is very rewarding as it allows you to build a real community and watch their progress.
Having a membership site was key for me to quit my 9-5 job and pursue my business full time. It provided me with financial security and a stable, reliable income stream. If you're a life coach, you should consider heading to life coach websites. It's best to focus on the websites in your field.
You can also make money by publishing content on Kindle or Amazon. This will help you go deeper into your own learning and teaching style. If you have enough resources, you can offer professional retreats once a year. The more unique and focused your course is, the more likely you are to be the leading coach in your area.
You can also generate regular income from your blog, or create digital products such as online courses and e-books. To further expand your business, create video blogs or e-books that can be published as a complement to your coaching service and that can generate income for your business. It's also a great idea to make friends with other coaches who have similar demographic audiences and become reference partners with each other. You can also book conference gigs and serve multiple clients simultaneously through a membership site.
Having an online audience of any size means you'll have more market demand for your passive income streams than coaches who simply throw away their e-books or blog posts in a vacuum.