How Does a Life coach Determine His Salary?
Life coaches’ primary motivation in doing their job is not the salary that they get from the job. But he is also concerned about earning a living. Life coaching is just like any other career where we need to know how much we are going to earn for our own personal upkeep.
A majority of life coaches do not work for a company or for someone else, but they are mostly self-employed. And because of this, they are the ones who determine their own wages and fees. On average, the salary of a life coach can range anywhere from a little over a hundred dollars and or over a thousand dollars per session. His experience, reputation, and coaching type determines the amount the life coach charges. If a life coach has attained a status from many years of experience and a good reputation, then expect him to charge a higher fee.
Fees that life coaches charge involve many things. Consultation, preparation, follow-up, and time used to get to know the client are also charged by your life coach aside from the charges for the sessions. If you go one-on-one with a life coach, you pay more than when joining a group session.
Fees are not published in life coach websites. Clients will be scared away if they see the high charges that a life coach offers. On the other hand, if they see that your fees is a lot lower, they might think that the quality of your coaching is also lower. Life coaches usually discuss fees during consultation or over the phone.
There are many life coaches who find it difficult to charge fees to people. Some feel that their services are not worth is so they feed bad with the high fees they charge. However, they really are worth the money they pay. The services that life coaches provide are well worth the fees. If a life coach realizes this, his business will be better off.
Here are some ways to boost your salary. If you feel that your salary is lower than what you want it to be, here are some tips on how to help boost your salary.
It is better to coach in groups than one-on-one sessions, which are very time consuming. There is time effectiveness in group sessions. If you want to earn more money, do group sessions because they need less time and you can earn more money than in one-on-one sessions.
Coaching for corporations can also boost your salary. IF it is just paying for coaching, corporations easily has money for that. Many corporations are interested in hiring certified life coaches.
There are many other ways that you can earn as a life coach. The following can be done by a life coach too: write books or e-books, hold workshops and seminars, and speak at public events.
Recommended reference: The Path To Finding Better Coaches