16 Ways to Make Money as a Life Coach

16 Ways to Make Money as a Coach

By Coach Ayisha

www.coachtrainer.org

http://www.universalcoachinstitute.com/


Provide 1-on-1 coaching services by coaching your Clients once a week or 3 times a month. Help your Client with their problem and assist them in creating a plan of action each session.



Conduct corporate training programs in many areas such as stress management, time management, customer service, health and wellness, leadership, management coaching, and more.



Group coaching is coaching conducted with 2 or more people simultaneously. It’s similar to 1-on-1 coaching, except it offers group support.

Conduct a group coaching program based around your niche. Help your Clients set goals and actions every session. Group coaching programs can run for 1 – 6 months or longer. They meet 1-4 times a month.



Be a consultant. Consulting is when you analyze and give expert advice typically in a business environment. This idea is great for business coaches. Coaches can provide hourly consulting or long term consulting services.



Provide mentoring services or start a mentorship program. Mentoring is a long term relationship in which an experience person helps guide a less experience person in a certain area of their life or career. Good examples of this are career mentors, leadership mentors, and youth mentors. Mentors work with participants one-on-one and in a group setting.



Create programs that will train others how to achieve success in your area of expertise. For example teach people how to discover their purpose in life, how to start a business, how to become a millionaire, how to lose weight, how to live the life of their dreams, and more.



You can conduct seminars and workshop once a month, once a year, 4 times a year, it’s up to you. You can charge $100 – $1000 (or more) for a seminar. You can have 1 day, 2 day, 3 day seminars. Your options are endless. Seminars should be very powerful, effective, and will get your Clients super results.



Teleseminars are very inexpensive to conduct, unlike seminars and workshops. There is no need to rent space. You can search for teleconference hosting service to hold your teleseminars. Just like seminars you can conduct teleseminars once a week, once a month, once a year, 4 times a year, it’s up to you. You can have 1 day, 2 day, 3 day teleseminars as well.



Make money offering training others how to achieve success through webinars. Just like teleseminars, you do not need to rent space. You can search for webinar hosting services to hold your webinars. You can also record your webinars and play pre-recorded webinars. However ensure you are available for live Q&A at the end of the webinar. You can conduct webinars once a week, once a month, once a year, 4 times a year, it’s up to you. You can have 1 day, 2 day, 3 day teleseminars as well.



Books are perfect products that will allow people to benefit from your expertise. Write books and sell them independently, on Amazon, Barnes and Nobles and other marketplaces for books. Self-publishing has become easier. For example Amazon has a great service called Create Space. This service makes it easy to publish your book independently.



You can also turn your book into an Amazon Kindle, Barnes and Noble Nook or similar type of e-reader and sell it. You can also turn it into a PDF document and sell it straight from your website. People can download your books instantly and read them on their tablets, PCs, cell phones, etc.



An audio book is an audio recording of a book in an abridged form. You can sell audio books on independently, on Amazon, Barnes and Nobles, and among many other marketplaces for books.



Record your coaching program and upload it to CDs or DVDs and sell it as a coaching program or course.



If you want to save money and allow people to download your program instantly, you can package your recordings and export to Mp3 or Mp4 format and sell it as a digital coaching program.



Package your audios and videos and create home study programs. Create home study course programs that will coach your client in a specific niche area. Home Study programs are for those who cannot afford your coaching services. Create a step by step program in your niche that your Clients can follow to get results.



Continuity programs are great recurring revenue models. Your continuity program can be $9.99 month to $99 a month (or more). Below are two types of continuity programs that are best for coaches.

Monthly Membership ProgramWith a monthly membership program you will provide new content regularly to your members via a membership website. Members log in and access new articles, audio, checklists, ebooks, discussion forum posts, etc. You will need to continue to provide new content for your returning members as well as to attract new members. Many members retain their membership for a year or longer.



Fixed-Term MembershipWith a fixed-term membership you will provide new content on a weekly basis to your members for a fixed period of time. This model runs fairly seamlessly once all of your program modules are written. If your topic isn’t one that needs continual updating, you can create this once and resell this again and again. You’ll keep your members only for a limited time (3 months, 6 months, 12 months) You’ll need to boost your marketing to continually replace members for this program.



16 Ways to Make Money as a Life Coach

Business

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