Becoming A Life Coach

Becoming A Life Coach

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If you’re thinking about becoming a life coach, now is the time to make that thought a reality. Forbes magazine recently put out a statement about life coaching, saying that life coaching is one of the fastest-growing industries capable of producing six figures. Life coaching continues to expand and change people’s lives every day, so what’s stopping you from pursuing this fantastic, life-giving career?

Top Reasons To Become A Life Coach

There are plenty of benefits and reasons to pursue the career of becoming a life coach, but let’s dive into some of the top reasons and benefits of becoming a life coach,

1. Making A Difference as a Life Coach

Being a life coach gives you a chance to change people’s lives by helping them overcome obstacles and allowing them to make their dreams come true. Nothing beats the ability to help people find their purpose that they’ve been looking for and to watch them push through whatever they’ve been struggling with. Life coaching allows you to help people live their lives fully, but you can learn new things about yourself and grow in ways you didn’t know were possible.

2. Fulfilling Your Dream of Being an Entrepreneur

Becoming a life coach means becoming your own boss. Being your own boss is something most people desire and work towards because who wouldn’t want to be able to enjoy more time with friends and family, travel, and work when you see fit? As a life coach, you have the luxury of working with your clients right from your home; all you need is a computer. So now that you’ve become your own boss, it’s time to help your clients become successful entrepreneurs themselves.

Below are just a few things that your business/entrepreneur clients are going to need help with:

  • Helping your clients find clarity about their business ideas and goals
  • Help clients launch their start-up
  • Help clients navigate through roadblocks
  • Help clients identify their target market
  • Help clients increase their revenue

Those are just a few things your business clients will be asking for help with and areas you should be familiar with and have strategies to help them make a successful business. If you’re interested in improving the business aspect of your life coaching, check out this great accredited business & entrepreneurship life coach certification course.

3. Surrounding Yourself with Positive People & Environment

 People seeking help from life coaches aren’t people with no ambitions, living in misery and no motivation. It’s the complete opposite. 

The people seeking help from a life coach are people with goals and actively trying to improve their lives and overall well-being, which are people you should want to surround yourself with.

4. Pricing Your Services

When you become a life coach, you can charge whatever you see fit for your life coaching programs or sessions with your clients. According to the ICF, the average salary for a certified life coach ranges between 27,000-210,000 per year. The amount you can make per year is entirely up to you; you could make six figures a year by having good marketing, being dedicated to learning how to improve your business, and using good life coaching skills.

5. Choosing Your Own Niche

When it comes to coaching, you can find more specialized areas than you can count on both hands. There are various coaching specializations from which to pick, such as relationship coach, creativity coach, career coach, transition coach, etc. A career as a health coach is a great option for those passionate about helping others achieve optimal health. If you are interested in business, you might consider working as a business or leadership coach.

The top 10% of life coaches with six-figure annual earnings market to a narrow niche, sometimes known as a specific target market. The remaining 90% of coaches, primarily “general coaches,” earn substantially less, with the majority earning between $20,000 and $50,000 annually. That is a significant difference. This means that whether or not you specialize will influence whether you build a successful coaching business or struggle like most coaches.

But, sadly, much of what is now available on the market is based on the OLD model of coaching, which looks like this: Coach a client through individual coaching sessions to reach a goal of their choice. As a result, they spend more time pursuing clients than coaching, which is uncompensated time. It just doesn’t work.

Surely you have heard the term “niche” before. Interestingly, in today’s economy, many businesses are shifting toward more individualized goods and services and highly targeted markets!

Here is a nice example of how general coaching differs from niche coaching.

Life coaching or general coaching is comparable to the work of a general surgeon. They can aid a wide variety of individuals and save lives. But what happens when a certain issue arises? Similar to a problem with their brain or heart. Then they visit a neurosurgeon or cardiologist. This type of physician is highly specialized and focused, and they can earn two to four times as much as a typical surgeon. And since they are so sought after, people flock to them. That’s the significance of a specialized skill set.

What is specialty coaching, then?

Niche coaching is coaching that focuses on a certain type of objective. Your niche would be based on a particular form of knowledge or experience that YOU can address in a way no one else can.

The good news is that regardless of your area, interest, or life experiences, there are individuals who share your passion or purpose or NEED the transformation you can provide.