Any life coach annual income will vary according to the knowledge, experience and achievements of each and every individual person employed in this profession. Life coaching, just in the past 10 years, has become popular as a home based career. You are now likely asking how much money will I make as a life coach. Conditions like cost of living (COL) in your region,what the company can afford to pay, and your resume, will determine your annual wage. This typically salary will be around $35,000/year. $35,000 to $60,000 yearly would be a reasonably accurate range for a life coach’s salary. Just like anything in life, your life coach salary will be a reflection of how much time you put into your life coaching business and your degree of training, such as having a life coach certification.
With experience of between 10 to 20 years, a life coach can expect to make $75,000 to $95,000. But you can make over $100,000 with hard work and an ambition to build your life coach business. Achieving a life coach certification will permit you to command a higher salary as a life coach. Life coach salaries are initially low but opportunities for pay increases occur in parallel as your degree of training and experience increases.
A life coach in the US bills on average about $200 per hour/session. Suggesting five consultations per client this works out to about $800 to $1,000. The math for this comes out to be over $3.66 per min. Between 20 and 30 pct of life coaches make a 6 figure salary, this can be you.
What is the quickest way to scale your salary above $10,000 per month, getting an outstanding mentor. It’s completely up to you, but it can be done. Therefore a life coach salary is absolutely dependent on each person and how hard they strive for that goal. You will find that as you become more accomplished and your life coach salary increases you will also demand more from your clients in their achievements. At least you will realize what ‘stretching yourself’ feels like!
I trust you see now that there is no ceiling to your life coach salary. Would you now say that the real truth is a life coach salary can almost be anything you want?
Yes part of this depends on your decision on whether to be full-time or part-time coach. Coaching part-time allows you to maintain your current positon if that is what you perfer. Or is full-time life coaching what you want requiring you to quit your current empoyer?
Deciding on full-time or part-time as a life coach is your choice, however money can and is being made in the life coaching business. Your life coach salary depends upon the sweat equity you put into your life coaching business.