What is the Salary of a Life Coach?

Are you considering becoming a life coach? If so, maybe one of the questions you’re asking yourself is: What is the salary of a life coach?

Your salary and rates as a life coach can vary according to years of experience, credentials, and the various types of coaching “niches”. It’s also a good idea to get the proper credentials, like ICF certification, since this adds to your credibility and professionalism.

The average life coach salary in Canada, according to PayScale, is C$50,868 with an average hourly pay of C$59.50

You can also get more information on life coach salaries from the 2016 ICF Global Coaching Study which shows that the average yearly salary for life coaches in North America is USD$61,900 and the Global yearly average is USD$51,000.

The various types of coaching “niches” also affect salary and hourly rates. For instance, according to a Sherpa Executive Coaching Survey in 2018, the average hourly rates by niche for the following coaches were:

-          Executive Coaches: $386 USD per hour

-           Business Coaches: $279 USD per hour

-           Life Coaches: $190 USD per hour

When it comes to realizing your dream of becoming a life coach, it’s not only important to research how to become a life coach, but it’s also important to inform yourself about salaries and the different types of niches so you can make the right choices for future success!

WHAT ARE SOME FACTORS THAT DETERMINE PRICING?

What are some factors that can help you determine pricing as a life coach?

There are several different factors that can help you determine pricing as a life coach. Some of these include:

1)    Location: many life coaches offer sessions via Skype or phone, so your location as a coach may not be important, but where your clients live can make a difference. Because some clients in different parts of the country are willing to pay more for coaching than others, this can impact your salary as a life coach.

2)    Target Market: who your target market is can also affect your salary. This ties in with the different “niches” mentioned earlier. For example, if your target clients are executives in larger companies, your rates will be different than if your clients are from smaller companies or individuals.

WHAT ARE SOME OTHER WAYS YOU CAN EARN MONEY AS A COACH?

How can you earn money and increase your salary as a life coach?

Being a successful life coach means more than just offering one-on-one coaching sessions. You need to be resourceful and creative to increase your salary with different revenue streams. Some ways you can do this are through seminars, group coaching programs, workshops, motivational speaking events, mentor coaching,health and wellness videos, and life improvement courses.

At Canada Coach Academy we can show you how to find different ways to be inspired and to inspire others!With the right training, life coach courses and ICF certification we can help you build a thriving, successful coaching career that will allow you to make a difference in people’s lives today!

We are dedicated to working with you to build your dream so that you can help others build theirs!

Find out more about life coach training in Canada here.