The life coaching industry is like the wild west, with annual revenues varying greatly. But can you make money as a life coach? The simple answer is yes. In fact, you can make a lot of money training and helping people achieve their goals in life. Life coaches looking for the best ways to make their money work for them may consider dabbling in this relatively new type of investment to generate passive income.
And as a result, more and more people around the world are discovering the value of having a coach in their life who can help maintain and improve every aspect of their life. The coaching industry is similar to the personal trainer salsa train: the only people who make money are the people who sell the “you can be a personal trainer” courses. When I started as an advertising copywriter, I worked as a freelancer to build my experience, and I had to work really hard to establish myself because running a business has nothing to do with actual copywriting work. As a life coach or health and wellness coach, you can hire companies and conduct training programs and corporate workshops.
The field has been flooded in recent years, and creating a thriving coaching career requires a lot of hard work. So how much money do life coaches currently earn? Let's talk about the numbers in a recent report by PayScale. That approach of disconnecting myself from the money-making mindset has actually created more quality businesses and businesses. However, keep in mind that this method of generating passive income is only recommended for life coaches who drive a lot. I see a LOT of people who leave perfectly good jobs and give up perfectly good skills because they have decided they want to start a life coaching business to help other people realize their dreams and become their most authentic and powerful beings (or some other generic version of typical life coaching message).
The techniques of life coaches are as varied as their specialties, but most revolve around face-to-face, telephone or Skype sessions during which the coach talks to the client about their goals and obstacles. If you think you have enough resources to provide time or money, these strategies for generating passive income for life coaches will benefit you. It's best to focus on the websites in your field, so if you're a life coach, you might want to consider heading to life coach websites. The ICF is the internationally recognized leading organization for elite life coaches around the world. But I agree with you and I also advise people not to leave their jobs or other businesses to become life coaches. Coaching other coaches is without a doubt the most lucrative way to earn money as a coach.
You can include it as part of your training or offer it as a standalone program. You can certify life coaches or other specializations. Check out our program on how to start your own coach training school.