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.
