how much does a coach make

Do you know the Amazing answer to,

How much does a coach make?

You’ll be shocked with the earnings.

In this article we are going to examine how much does a coach make – Realistically!
We will look at hourly rates, yearly salary and how to offer your services as a beginner just starting out to become a coach.

How much does a coach make ?

The quick and short answer to how much does a coach make is from $50 an hour, but there is a catch to that which I will explain. Coaches with a little marketing experience can start to earn in the region of $200 an hour, and if you are savvy, there is every reason why you can make $250,000 a year without hustling or grinding away.

spiritual business coach

Become a life coach

Take the baby steps to become a life coach and have the most wonderful job you could ask for…

Before we get into money, why should you consider being a coach?

It’s a bit of a natural calling.
Over the years you have found yourself, over and over, helping people out and you are getting a lot of pleasure from it, or at the very least you feel pretty satisfied. So if that sounds like you, then sure why not become a coach, and just how much does a coach make?

Being a life coach can be a lot of fun, or simply just very rewarding, how you feel about your coaching is going to depend on who you work with and the problem you solve. 

The first thing to think about is, who do you want to help, or what problem do you want to solve? You see it’s far easier to get work when you specialise in one area. Let me explain. If you are a coach that has a general approach and offers a service to overcome limiting beliefs, a lot of people will not resonate wih that. But say you zoned in on one particular issue such as helping people overcome fears to get a promotion at work, you can see how all of a suden you stand out. 

So when you decide to become a coach, don’t be general, you  will struggle to get noticed and find work. And that’s when we get to the real answer of how much does a coach make? It can easily be nothing if you set your business up on the fly.

Ok, lets talk about your income, how much can a coach make?

There are 2 things we need to consider.
The time it takes to deliver a service and get paid for it. And we need to understand all the other hours we commit to making it work. 

Here’s an example.
You are delivering 10 hours of coaching a week and you have an additional 10 hours of unpaid work to make your coaching business run, a total of 20 hours. Therefore a $50 an hour rate makes you $500 for the ten hours, but in reality, you have put in 20 hours, we must remember that it’s crucial if you are going to make it.

So how much can a coach make? In this example, 20 hours of coaching a week at $50 an hour will bring in a steady $50k a year, but that really is a low-level income. With some good business strategy that can easily go to $200k a year.

The difference between someone paying you $50 and $5000 is their belief in you and how big their problem is.

What you will earn is not a sum based on your hourly rate, you can charge $50 an hour and have no clients. What you earn is always based upon the perceived value your client receives. If they think the problem is worth investing $10,000 to overcome, their only question is this… Can you deliver the goods?

That’s the real question. When many people are asking how much can a coach make a year, the irony is, we need to always put the customer first…Are they ready to believe in you?

Can a coach really make $5,000 a client?

Absolutely.
Take this as an example.
Your marriage is on the rocks and heading to a possible divorce.
Your property is worth $500,000, your investments and retirement are worth the same amount, you have 3 children under the age of 18 and your yearly salary is $100,000.

Who are you going to take on as a coach to help you and your spouse overcome your marital issues? Someone offering a $50 an hour service, or someone with great results, plenty of testimonials, and a service priced at $5,000?

When it comes to answering the question, how much can a coach make an hour or a year, its going to depend on the value you offer. 

What services can a coach offer to make great money?

It’s really going to depend on your audience, everyone is slightly different and it’s good to have a range of service types where people can access you.

The most expensive services are likely to be your one-to-one services.
But you can also offer group coaching, pre-recorded programs, and memberships.
Imagine having a group program where people pay just $100 a month, and you have 250 in the program. And a lot of coaches have programs like this, it’s not out of the ordinary and you can do this. Here’s an example.

Can I ask you a question?
How much can a coach earn a year?
Hopefully you’ll now see, the sky is the limit! 

Absolutely.
Take this as an example.
Your marriage is on the rocks and heading to a possible divorce.
Your property is worth $500,000, your investments and retirement are worth the same amount, you have 3 children under the age of 18 and your yearly salary is $100,000.

Who are you going to take on as a coach to help you and your spouse overcome your marital issues? Someone offering a $50 an hour service, or someone with great results, plenty of testimonials, and a service priced at $5,000?

When it comes to answering the question, how much can a coach make an hour or a year, its going to depend on the value you offer.

So honestly, how much does a coach make?

It’s entirely up to you. As a coach, you can earn from $50k to $500k in your first year?
This is not really how much a coach can make a year, it’s how much value they can give, that’s where your money is at.
Please remember, the more you earn, the more you can support people who have nothing to invest other than time.