Life coaching has become a booming and rewarding business. People all around the world are looking for guidance in their lives. If you are inspired to help people live better lives, consider starting a business as a life coach. It’s a great way to make money and help others at the same time.
What Do You Need to Become a Life Coach?
To become a life coach you don’t necessarily need any formal training. A background helping people is a great place to start. That being said, it is also helpful to get certification and/or training as a life coach. There are life coach training programs available from a number of organizations. Find a program that meets your personality and life coaching vision.
Beyond education or training you’ll need a computer with internet connection, a phone number for your business and a business bank account. That’s essentially it. Once you decide how you’re going to offer your business, you’ll know better what equipment you need.
Structuring Your Coaching Business
There are a number of business models you can use to structure your coaching business. For example, you could offer online coaching through chat, a forum, instant messaging or email. You could offer one-on-one coaching or coaching over the telephone. You can also offer a membership site where your customer sign up for a coaching program that offers a variety of packaged services and products.
You’ll also want to decide if you’re going to serve a specific niche. Your niche can be a demographic, for example life coaching for stay-at-home moms. It can also be an industry, such as life coaching for sales people. It could be a problem/solution niche; for example, how to find happiness right now.
Once you determine your niche, you can better decide how to best meet your audience’s needs through products and services.
Making Money as a Life Coach
Most life coaches charge by the hour. However, you can also offer membership services, online education and even information products. You could promote relevant affiliate products for extra income. Determine your profit model by exploring how you can best solve your customer’s problems. What offers the most value?
Making money as a life coach can be perhaps one of the most rewarding career paths. You’re able to watch and help people transform their lives. You’re able to offer visible value to people and to make a good living doing it. To your success!