According to a 2009 ICF (International Coach Federation) study run by PwC (Price Waterhouse Coopers), when you plan it well, coaching can generate 7 times your initial investment while allowing you to enjoy being your own boss.
If you are interested in hearing more of the benefits of becoming a professional coach, whether a life coach, parent coach or an executive coach… here are 7 more reasons!
Life Coach, Flow Coaching Institute
- You Can Earn An Extraordinary Income
Coaches around the World earn between $30,000 and $500,000 per year. Celebrity coaches earn more. Hourly rates range from $50 for a fresh coach to $350 for a more experienced coach. There are also executive coaches and life coaches who charge between $500 and $ 1000 per hour. As you gain experience and work within your chosen niche, you can start making a higher income and build your reputation as a desirable coach.
- You Build Empowering Relationships That Last A Lifetime
Starting with your coach training program you realize that people who are attracted to this profession have the capacity to build strong bonds that last a long time. In addition, people who want to be coaches are the kind of people who understand the power of trust and intimacy who enjoy meaningful and authentic communication and connection.
- You Will Be Able To Work On Your Own Time
Most coaches (whether life coaches, executive coaches, wellness coaches, etc.) are able to work on their own terms and conditions. With proper planning and prioritization professional coaching is one of the rare career paths with room for time flexibility meaning you don’t have to skip a beat when it comes to your own personal life plans.
- You Get To Feel Fulfilled In Utilizing Your Strengths And Values
A full-time professional coach is on a path where she/he can enjoy living a life fully up to her/his values. Coaches have the opportunity to choose their clients and coach with their own unique personalized signature highlighting their strengths and adding value to the relationship.
- You Will Leave A Legacy.
People who were being coached by you will remember you with your significant contributions to them and their lives. The impact of your support will be always with them. They will never forget about you!
- You Will Gain A Helpful And Supportive Network
Certified coaches like to stay connected with each other and the people you coach will be your lifetime network, plus they will connect you with others! Within the first day, you begin your coaching journey you will experience the expansive and positive movement towards an incredibly loving and supportive network.
- You Will Overcome Your Personal Barriers And Blockages
One of the best ways to learn and grow is to coach others. As you coach people you learn more about yourself on a personal level. Every day you gain enriching and fulfilling encounters and experience the joy of being on the path of personal growth and development while facilitating others who are doing the same.
Talyaa Vardar, MA, PCC
Founding Partner & C Suite Coach
Columnist I HBR I Women's Health