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. Despite this, he is also someone who needs to earn a living. Life coaching is just like any other career where we need to know how much we are going to earn for our own personal upkeep.
When it comes to being a life coach, most of them do not work for a company or a boss, but majority of coaches are self-employed. And because of this, they are the ones who determine their own wages and fees. There is a wide range of fess that life coaches charge, and they come in the range from over a hundred dollars to over a thousand dollars per session. His experience, reputation, and coaching type determines the amount the life coach charges. A life coach can charge higher if he has more experience and better reputation.
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. The cost of a one-on-one session is usually more than the cost of a group session.
IF a life coach has a website, you won’t usually find charges published in the site. Clients will be scared away if they see the high charges that a life coach offers. If you charge too little, on the other hand, it might send a message to clients that you are not a reputable life coach. When you have one-on-one consultation with a life coach, this is the best time that he discusses fees with his clients.
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. However, they really are worth the money they pay. Even if you pay a high cost to a life coach, it is all worth it. The sooner you realize this, the better off your business will be.
Below is some advice on how to boost your salary. If you feel that your salary is lower than what you want it to be, here are some tips on how to help boost your salary.
It is better to coach in groups than one-on-one sessions, which are very time consuming. Group sessions are more effective when it comes to time. Groups sessions need less time and you can earn more money than you can with one-on-one sessions.
Coaching for corporations can also boost your salary. IF it is just paying for coaching, corporations easily has money for that. A certified life coach is in demand in many corporations today.
There are many other ways that you can earn as a life coach. You can write books or e-books, hold workshops and seminars, and speak at public events.