For many people who want to become a Life Coach, one of the biggest things that stops them is the fear that they won’t be able to make enough money. They’re afraid that they’ll stake everything they have – their time, their career, their finances, their family and reputation – on this passion they have for helping other people… only to end up broke and embarrassed.
Today, I’d like to address that concern. Yes, it IS possible to make an enormous income from being a Life Coach… but only if you know how.
What keeps some Life Coaches from earning enough money with their coaching?
Here are three common mistakes that keep Life Coaches struggling to make ends meet:
1. Spending all their time on 1-on-1 coaching
One-on-one coaching is an amazing way to create deep relationships with your clients, and to get them huge results. But if you center your whole career on it, you remain stuck in a cycle of trading dollars for hours, and the only way to make as much money as you want to is to add more working hours and spend more time with clients. The goal of having a coaching business is to assist others while freeing up your time.
Did you know that some of the most successful life coaches use a group approach? It’s vital for a Life Coach to include a group program in their business. Doing so allows you to serve more people in less time, without burning yourself out. In my Life Coach certification program, I teach you how to use a program that gets your clients tremendous results, allows you to assist more people and make more money, and still have lots of free time.
2. Not having a proven system in place
“Winging it” in your coaching, and just solving whatever problem the client has at the time without having a comprehensive plan to move them from where they are to where they want to be, is like playing ‘whack-a-mole’. You’ll always be busy dealing with the obstacles that pop up, and not making the forward progress that you and your client want and deserve.
Because of this, you’ll get slower results for your clients and therefore fewer word-of-mouth referrals. Not because you aren’t effective, because you may be, but rather because there isn’t enough time in the day to talk to as many people as you require to create a thriving business. How can you establish yourself as an expert with only a few people knowing what you do?
3. Not knowing how to market their services
As wonderful as it would be for you to just do a good job with your coaching and have people consistently flock to your business, it doesn’t work like that. Knowing how to spread the word about yourself and your coaching, in a way that makes people eager to sign up is the key to your future success.
Does this mean you shouldn’t become a Life Coach until you have all this in place?
If you truly want to become a Life Coach, I believe that you should follow your calling. Now that you know about some possible obstacles, you have three choices:
- 1Jump in right away, unprepared, un-mentored and without a proven system and just hope it works.
- Wait until you’ve got everything in order and become a Life Coach when you’re ready; a few years or decades down the road.
- Learn how to build a seven-figure coaching business, from a person who’s done it herself.
I have personally built two multi-million-dollar businesses from the ground up, by marketing my services effectively and by creating and using proven systems and group programs to get spectacular results for hundreds of people at once. I believe that Life Coaching is one of the best and most impactful careers a person can have. And I want to work with you to create that for yourself.
If you’re really serious about becoming a Life Coach, I want to teach you how to spread the word about your coaching, attract and enroll hundreds of high-paying clients, and serve them in a way that brings them amazing results – WITHOUT burning yourself out in the process.
I can show you how to create a lucrative, world-changing career that you’ll love, and to create the lifestyle of your dreams, at the same time.