How Does a Life coach Determine His Salary?
When a life coach does his job, it is not really the money that he gets from it that primarily motivates him. Although not a primary motivation, he need to think of a salary in order to live. If life coaching is your career, then you need to know how much you are going to earn in order to keep up with your lifestyle.
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. Per session, life coaches can charge you anywhere from over a hundred dollars to over a thousand dollars. 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.
There are many things that a life coach should include in the fee that he will charge. Life coaches do not only charge for the session, but also for consultation, the preparation, the follow-up, and the time it takes to get to know his client. 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. The reason for this is so that you will not scare clients away if you charge too much. 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. Your life coaches’ salary and fees should be discussed on a one-on-one basisduring your consultation or phone conversation.
Many coaches struggle with charging fees. Some feel that their services are not worth is so they feed bad with the high fees they charge. The truth is that life coaches offer valuable service that is worth what you pay for. The services that life coaches provide are well worth the fees. A life coach should realize this so that he will not struggle with charging high fees.
Below is some advice on how to boost your salary. If you fees are low and you think you deserve more, there are some things you can do to boost your salary.
It is better to coach in groups than one-on-one sessions, which are very time consuming. When it comes to time effectiveness, group sessions are more effective. 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.
Try coaching for corporations. Corporations can afford to pay for coaching. Many corporations are interested in hiring certified life coaches.
Life coaches can find other ways to earn income. Writing books or e-books, holding workshops and seminars, and speaking at public events are other things that life coaches can do.