When it comes to life coaching, the cost can vary greatly depending on the type of coaching, the coach's experience and qualifications, and the location. Executive coaching, which is aimed at leaders in the business and non-profit sectors, is typically more expensive than other types of life coaching. According to the Executive Coaching Survey conducted by Sherpa Coaching USA, rates for executive coaching can range from $200 to $1,000 per hour. For those seeking short-term guidance or help with goal setting, some life coaches offer one-on-one sessions.
Prices for these sessions can range from $50 to $500 per hour. Life coaches with certifications from reputable schools, advanced degrees, a known reputation, or more experience may have higher rates than life coaches with no similar background. A life coach who works in New York or London is also likely to charge more than one who works in a small town. When the package has a clear financial value, such as sales advice, prices will trend even higher and begin to approach a percentage of that perceived financial value.
A great life coach is priceless; having a supportive partner who motivates, challenges you and helps you become your best self is invaluable. If you are looking for a coach, you should keep in mind that the success rate of coaching is very high. If you have struggled to make impactful changes in your life, a life coach can help you create and maintain these changes. Life coaching focuses on achieving personal goals, while executive coaching focuses on business objectives and usually includes some kind of evaluation at the beginning of the engagement. For example, Keith Webb, a renowned coach and business leader in the United States, recommends charging according to the results of his client, the difficulty with which he is training his clients, and the experience he can provide. To support their clients in a variety of ways over time, many coaches offer full monthly packages.
You can get something of value out of a single session of life coaching, but the real benefit of hiring a life coach is experienced through an ongoing relationship aimed at achieving your goals. If you are considering hiring a life coach, it is important to determine how many hours of training and preparation your package includes and multiply it by your hourly price. If your chosen coach has certifications from any of these six ICF-accredited programs, you can be sure that you will get good value for money. You may be wondering if it is wise to invest so much money in life coaching. The answer is yes! The changes these coaches make to your life are worth more than the money you paid.