Earnings and Market Overview
Tony Robbins is the richest life coach. He owns 33 companies and expects to generate $6 billion in annual revenues this year.
The average life coach salary in 2020 is $48,780 a year. The lowest range is $28K and the highest is $101K.
Life coaches earn a median salary of $57,040 a year, with a range of $34,380 to $96,090.
According to research, other famous coaches in the Top 10 richest coaches in 2023 are Pep Guardiola, Jürgen Klopp, and Diego Simeone.
Martha Beck has published nine non-fiction books, one novel, and more than 200 magazine articles.
PayScale data shows Australian top life coaches earn up to $144 hourly or $263,000 annually. There is the opportunity to make a million dollars or more in life coaching.
Life coaches are in the educational, guidance, career counselor category with a salary range from $34,380 to $96,090 and the median $57,040 yearly, per the U.S. Bureau of Labor Statistics.
Becoming and Being a Life Coach
There is no degree required to be a life coach. There is no license required either.
Robbins-Madanes Training offers classes online only with training in 3 qualifications. The median cost is $1,500. Most reviewers paid for the training themselves.
Most life coaches working with individuals charge about $200 to $1,000 per month for a 30- to 60-minute call three or four times a month.
José Mourinho has coached Real Madrid, Chelsea and Manchester United before joining Tottenham Hotspur in 2019.
Can you get rich as a life coach?
Life coaching is not easy, takes time to grow a business.
Charging $150 or more hourly, write your own income ticket. But building this business is not as easy as dreaming.
The more experience as a coach, the higher you can charge and income has no limits.
Marketing strategies are important and depend on your coaching niche and target client group.
Group coaching programs cost $1,500 to $5,000.
Scaling and Income Sources
What kind of life coaches make the most money?
To earn more money as a life coach, you can offer various services like online courses or get more experience and certifications.
According to the International Coaching Federation’s (ICF) 2022 Global Study, there are now more than 71,000 coaches worldwide, which has increased by 33% since 2015.
All life coaches work with their clients to help them become happier, more balanced, and healthier.
As a successful life coach, you can earn more money than you expected.
Many schools offer life coaching certifications.
You can certainly make as much as an executive coach as a specialized life coach, but generally speaking, executive coaching pays more than life coaching or small business coaching.
Most coaches know that you can charge more for coaching that helps clients succeed in business and life.