Throughout your life you may face challenges that make you question your whole outlook and approach to mental wellness, work, and overall wellbeing.
Perhaps it is a sudden loss, a new career path, failed relationships, or family issues that compel you to stop and wonder. Maybe it is feeling stuck, uninspired, or generally apathetic that is causing you alarm. While there are many health professionals out there that can help, such as therapists, psychologists, or family doctors, sometimes a life coach may just be what you need.
Millions of people everyday look for solutions that go beyond a self-help book or a blog. This is why the profession of a life coach, or certified professional coaching services has shown steady growth across the country.
A study by the International Coach Federation, with 18,810 individuals in 25 countries showed that 31.1% of respondents looked to a personal or life coach to advance their professional career development and optimise their business development.
It has been shown that life coaches can prove to be beneficial professionally, but what can you expect to pay as a client or charge as a life coach professional?
This article is all about the costs of life coaching. We will explore the topic from the perspective of the client first, and then consider life coaching from the view of a service provider.
Superprof takes a closer look at the price of personal coaching sessions.
What do Individual Life Coaching Sessions Cost?
Across Canada, life coaching sessions can range anywhere between $50 and $500 and up per session, depending on the coach. Factors like cost of living, market rates, and the experience and qualifications of the coach are just a few factors that impact fees.
One-to-one coaching is typically the highest rate for a life coach. While the cost may seem high, it is important to consider the outcomes that will emerge from the coaching, such as a higher quality of life.
It's also important to remember that life coaches bring expertise, experience, and approaches to the role that they may have gathered over years or decades. As a client, you should do your own research to ensure that you will be getting what you want and need for the cost you are willing to pay.
Criteria That Affects Life Coaching Fees
Just as the rates for private teachers and personal tutors can differ, prices or rates charged for professional or life coaching sessions will vary depending on the needs of the client and the background of the coach.
Some factors to consider include:
There are many different reasons for seeking help from a life coach and also many different degrees of coaching and strategies. To help advance their personal development, clients may seek anything from stress management consulting to coaching, relationship building, to finding one's purpose and meaning in the world.
The level of experience and background of the coach also makes a big difference. There are life coaches that have worked with world-famous athletes: you can expect to pay a premium fee. Alternatively, you may find a newly certified life coach eager to put all their energy and passion into success stories for their business.
The coach's training courses completed and diplomas or certifications are also key factors to consider when choosing a life coach.
What areas of Specialization do Life Coaches have?
Coaches may also have expertise in a specific area or have followed a particular specialization in their training or experience. Here a just a few examples:
- Career Development
- Communication Skills
- Relationships
- Health and Wellness
- Stress Management
- Personal Development
- Spiritual
- Motivational
- Performance
- Life Transitions
- Confidence and Self Esteem
- Creativity
The organization of your coaching sessions is another important factor in determining the rates of life coach sessions, as these professional personal coaches in Vancouver.
What Practicalities Should I Consider when Purchasing Life Coach Packages or Services?
If you have made the decision to hire a life coach to shift the momentum and energy in your daily life, you should consider the practicalities. The logistics of your life coaching will impact your experience and also ensure that the coaching something you look forward to.
- Will the sessions be online, in-person, or hybrid?
- How often will the sessions be?
- Does the life coach offer packages for specific learning journeys?
- Where will the sessions be held, and how long will they last?
- What do you want your experience to be like?
- How long will each session last?
Before agreeing upon a fixed price per session, it's important to consider each of these questions.
What Should I Consider when Charging Rates if I am a Life Coach?
As a life coach, you should determine the yearly income that you would want to earn through your coaching business. Be sure to save receipts for transportation, office space, website costs and supplies so you can deduct those costs appropriately.
You may want to consult with a business advisor when setting your business up, including your rates.
Also, it's important to point out that fees charged will also strongly determine your number of future clients, so you'll want to make sure that your fees are both accessible and reasonable - at least in the beginning!
How Much Will I Make as a Life Coach every Year?
It's key to remember that as a life coach, your yearly income will ultimately be determined by how many clients you acquire and the rates you charge. You may seriously want to consider diversifying your services to include business or executive coaching so you can get more high-paying clientele.
In Canada the average salary for a Life Coach is $46,127 and for an Executive Coach an average of $56,068. As you refine your specialisation, experience and scope of your professional coaching career, as well gain higher visibility from an expanding client base, you will be able to charge higher rates as your professional coaching career gets more and more established and reputable.
If you start your own consultancy, you will benefit from having flexibility and the advantage of being creative with how you spend your money as a business owner. Talk to a business development consultant (you can access many free or low-cost services sponsored by the government of Canada).
What are the Benefits of Becoming a Business or Career Coach?
For those that are dedicated to life or personal coaching, but find that it is not leading to the revenue or clients you want, it may be worthwhile to expand your repertoire. Keep in mind that you may need to engage in additional training to offer services as a career or business coach.
Here are some reasons to expand your coaching services to include business professionals.
Where can I Find a Life or Professional Coach?
On Superprof, there are thousands of tutors from all around the world registered to teach on our platform. Individuals from all different backgrounds, cultures and languages are available on the platform to share their passion and experience with their students from all around the world. There are many professional life coaches that join Superprof to share their experience in the professional coaching world.
Hundreds of private tutors are readily available to help you live the life you want and deserve. If you are a life coach, Superprof is an ideal place to promote your services to other Canadians.
Prices charged differ between professional coaches and will depend on their experience, length and location of your lessons, and the form of lessons taken (online, in person, group lessons etc.)
For example, in Toronto, you could find a professional coach from $30 an hour up to $100 an hour, depending on what you are looking for and if you require the service of a well-experienced coach with a specific specialization.
So have a look and do your research to find the professional coach that is right for you and your budget, someone that will be dedicated in helping you achieve your personal and professional goals!
Did you like this article? Leave a rating!
Loading...
