If you’re passionate about improving lives, relationships, and careers, you might be curious about how to become a life coach.
As a life coach, you can help people and build a profitable and rewarding business. And according to recent reports on how much money life coaches make, the average hourly rate is $231. If you met with five clients for an hour each, you’d earn $1,155. And more experienced coaches can also attract clients at higher hourly rates of $300 to $400 or more.
The life coaching industry is expanding rapidly. The International Coaching Federation (ICF) reported that there were approximately 71,000 coach practitioners globally in 2019, and that number continues to grow.
Many different types of coaches use Teachable—from business to dating and life coaching.
We’ll dive into everything you need to know to become a life coach and show you nine critical steps to start your own coaching business.
{{identifyaudienceonlinebusiness-component="/blog-shortcodes/popups4"}}
Simply put, a life coach is a professional who helps individuals with personal growth and development. And life coaches partner closely with clients to help them navigate all aspects of their lives. So this can include supporting relationships, career development, health and wellness, finances, and life planning.
Life coaches are not only great listeners and compassionate humans. But they’re also experts in motivation and goal setting. A life coach helps their clients get from where they are to where they want to be.
This varies but typically, life coaches offer one-on-one or group coaching sessions. And during those sessions, they work to support people in overcoming personal and professional challenges. Their job is to help clients identify their goals in life and teach tangible skills to work towards those goals.
Life coaches use a range of tools and strategies to help clients reach their potential. So depending on their niche, a life coach can specialize in several different areas.
The primary purpose of a life coach is to:
Although life coaches are not required to have specific training, successful life coaches have a broad array of personal and professional skills. These can include:
The short answer is no—you don’t need a professional certification or educational background to become a life coach. And anyone can have a successful life coaching career with the right skills and expertise.
Although coaching is an unregulated industry, becoming a professional certified coach can help build credibility with clients. In the 2022 Global Consumer Awareness Study, 85% of coaching clients said it’s important that their coach holds a certification or credentials.
If you do a life coaching certification program, make sure it has credentials from a reputable association like the International Coach Federation (ICF). And the ICF has a free directory for coaching education programs, which vary widely in cost and length to complete.
Here are a few life coach training programs to consider.
Both life coaches and therapists help people with overall well-being and personal growth. However, there are differences between the two, mainly in their areas of focus.
Therapists support mental health and often focus on healing from past trauma or challenges. Life coaches, on the other hand, are future-oriented with a focus on goal setting and motivation.
Unlike life coaches, therapists are mental health professionals with strict training requirements. And therapists also have regulations around how they treat and diagnose mental health conditions.
So here are the main differences between a life coach and a therapist:
Ready to get your life coaching business off the ground? Below are nine steps to help you start your professional coaching practice.
Coaching is a broad and competitive field. Finding your coaching niche will help you market your services and attract the right clients.
Examples of life coach specialties include:
To find your niche, start by focusing on your skillset and background. Play to your strengths. Then, focus on defining your ideal clients and their needs.
Perhaps you have a past profession as a clinical dietician or nutritionist. Your niche may be busy families that want to make healthy eating choices. For example, Teachable creators Susan Watson and Andrea Hardy offer online training for efficient, healthy meal prep advice.
Once you’ve found your niche and ideal clients, use this to inform your messaging and marketing strategy.
You don’t need life coach certifications or a degree to start working with coaching clients. For example, let’s say you’ve built one or more businesses with million-dollar annual revenues. Since you have first-hand experience as an entrepreneur, you already have the skills you need to help aspiring business owners.
However, if you want to work with companies as a life coach, they may request an accreditation. Again, professional certification can only help build your credibility.
Remember, you don’t need a college degree to be a life coach. If you already have a relevant degree, like psychology, you can use it to boost credibility. Otherwise, lean on your experience or pursue certification, which costs much less.
As you hone in on your coaching niche, you’ll want to decide how to work with your clients. You’ll likely want to offer different services and package options to fit the needs of your ideal clients.
Options for how to deliver your coaching services include:
There are pros and cons to each coaching format in terms of scalability and pricing.
A major advantage of starting a coaching business is the low startup costs, especially for online coaching. Calculating specific costs for your business will depend on your certification needs and coaching format.
The cost to become a certified life coach depends on which program you choose. Programs can cost between $1,000 – $14,000.
If you coach in person, you’ll need to budget for office space, and all that comes with it—furnishing your space, rent, and utilities.
Alternatively, virtual coaching has fewer startup costs. Most will be around software and tech to set up and manage your business, including:
You’ll also want to consider any marketing costs if you hire a marketer or plan to run ads.
You may become a life coach to change lives, but it’s also a business endeavor. And in order to grow your coaching business and revenue, you need to accurately price your services.
Pricing for life coaches depends on experience and how you work with clients. Generally, the level of effort and price will be higher for one-on-one services than group coaching services.
To figure out your pricing, start by considering each of your services. How much time, energy, and cost will you dedicate to them? From there, you can set an hourly rate that reflects your experience level and the value you bring to your clients.
Researching other life coaches in a similar niche can be a helpful starting point in setting your prices.
Before you accept coaching clients, you’ll need to determine your business entity. Then, you’ll register your life coaching business with your state. Registering your business helps to limit your liability and can also offer tax benefits.
Registering as a Limited Liability Company, or LLC, is a popular option for life coaches. And registration fees are specific to each state and typically cost around $300.
A well-designed website or coaching platform is one of your greatest assets as a life coach. Because a website is the first place potential customers go to learn more about you and your services.
It builds your coaching credibility and creates a seamless way for clients to interact with you.
Here are a few quick tips to help you build your coaching website:
An online coaching platform is a great addition or substitute for a traditional website. And Teachable for coaches allows you to create sales pages, communicate with clients, accept payments, and integrate coaching with courses. You can also design intake forms to learn more about your potential client and prepare for their first coaching session.
A marketing plan can help you attract potential clients and grow your life coaching business. So tailor your marketing plan to your target audience and include a content strategy with specific, measurable goals.
These steps will help you create an effective marketing plan for your life coaching business:
Testimonials can attract new clients to your coaching business. And positive client reviews are valuable as social proof—they establish credibility in your abilities as a coach and build trust with potential clients. This can be especially powerful for coaches who are starting out or working in competitive niches.
Add testimonials to your website and leverage them in your marketing efforts as a cost-effective way to reach new potential clients.
And you can establish a referral program for clients who have had a positive experience working with you. Referrals are one of the best ways to get coaching clients and grow your business.
So we know that becoming a life coach takes time, energy, and passion. But by implementing these step-by-step strategies, you’ll be on your way to growing a successful life coaching business. Getting started is easy too. You can begin with a free account with Teachable, set up your sales page, and offer a coaching package.
Tags:
Your weekly dose of creative chat and Teachable updates. Get our weekly newsletter.