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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. But he is also concerned about earning a living. If life coaching is your career, then you need to know how much you are going to earn in order to keep up with your lifestyle.
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. This is the reason why they determine their own wages. Per session, life coaches can charge you anywhere from over a hundred dollars to over a thousand dollars. His experience, reputation, and coaching type determines the amount the life coach charges. In general, the more experience and the better reputation you have, the higher life coach salary you can charge.
There are many things that a life coach should include in the fee that he will charge. It is not only the session that coaches charge, but also for the consultation, the preparation, the follow-up, and the time that it takes to get to know your client. The cost of a one-on-one session is usually more than the cost of a group session.
Life coaches area advised not to place their fees on their websites. If a life coach charges high, the tendency for clients is to be scared to hire that coach. If you charge too little, on the other hand, it might send a message to clients that you are not a reputable life coach. Life coaches usually discuss fees during consultation or over the phone.
Many coaches struggle with charging fees. They feel bad charging high fees, as though their services are not worth it. 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. If a life coach realizes this, his business will be better off.
Below is some advice on how to boost your salary. If you fees are low and you think you deserve more, there are some things you can do to 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.
Try coaching for corporations. IF it is just paying for coaching, corporations easily has money for that. A certified life coach is in demand in many corporations today.
Life coaches can find other ways to earn income. Writing books or e-books, holding workshops and seminars, and speaking at public events are other things that life coaches can do.