Once you know how to become a life coach, you’re probably wondering how much they earn. A life coach is self-employed and has the freedom to set the prices for sessions. Most try big and charge between $150 and $650 hrs or a minimum hourly rate of about AU79.33. However, on average, Australian life coaches' earnings would reach around $60,000.
In saying this, it is important to remember that for the most part, life coaching is a self-employed profession, so coaches will need to be proactive in marketing themselves and their services.
Additionally, life coaches should consider setting up a business structure and obtaining appropriate insurance to protect themselves and their clients.
But overall, life coaching can be a very lucrative business for those who are willing to put in the work.
At the end of the day, you should choose life coaching not just for the money, but for genuine care to improve the lives of others. The life coaches we have trained at The Life Coaching Academy have gone on to lead incredibly fulfilling lives.