Life coaching is a growing field with many opportunities. If you aspire to run a successful coaching business, it will take more than excellent coaching skills to achieve your revenue goals. Graduate careers site Prospects also describes that life coaches can expect to charge £40 to £60 per hour, and more experienced coaches charge up to £100 per session, and executive coaches can also charge even more. Michael Serwa is a British coach who has built “one of the most successful personal training practices in the world”, which he promotes as the best practice in the UK.
Keep in mind that many life coaches work as life coaches only part-time and perhaps with an organization; therefore, if you are self-employed as a life coach, you can determine both your working hours and your rate. This is a well-documented pricing strategy called Good-Better-Best (G-B-B) pricing and it works great for coaches. He then offers his top three tips for new life coaches in terms of maximizing their earning potential with a life coach salary. As your coaching practice and reputation grow, these ratios can change to less marketing and more customer service hours.
A life coaching blog often goes hand in hand with your coaching sessions; it's a very popular marketing tool and also with good reason, as it can drive more traffic to your website. Coaches who choose the right niche and target market for themselves end up earning more from their career. It's a very insightful article that will help every new coach pursue their coaching career. I have also surveyed real coaches in different areas to get real income figures, because I believe in verifying my data.
At Universal Coach Institute, you'll have access to training and group calls that will prepare you to make the switch from your current job to owning your own life coaching business. Nine times out of ten, if you own a life coaching business, you've already created a life coaching blog.