Is Coaching A Viable Career?
Whilst it may seem like coaching has only recently become very popular, a global study recently conducted by the International Coach Federation the industry’s largest trade association estimated 53,300 active professional coaches worldwide, generating nearly $2 billion in annual revenue with continual year on year growth.
With the changes in the economic climate, more and more people are starting to explore additional career options that can bend with the twists and turns that we’re taking as a society and coaching fits the bill making it one of the fastest growing business models in the world today.
As a society many peoples values have changed and as a result more and more of us are craving flexibility, fulfilment and to do something meaningful with our lives. Many want to create a work-life balance and have financial security. Life coaching as a career not only provides us with an opportunity to live a better life but more and more people are starting to turn to coaches for assistance with their own life transitions, whether it be a divorce, a change of job, better health or having the courage to pursue their passion. As well as personal and life coaching many corporate companies are continuing to see the benefits of coaching in assisting employees with relationships, teamwork and job satisfaction resulting in fewer sick days and less employee turnover which provides a significant return on investment.
Many are starting to see the value and benefit of coaching and so they are willing to pay for coaches to fill their needs. Coaching is a career that allows you to work in alignment with your values in any industry that you’ve had experience in or have a passion for.
How much you can expect to earn as a coach?
You can make a living by making a positive and lasting difference to others – here’s how:
This is an illustration of your earning potential as a coach on a part time basis.
|Coaching Session||Hourly Rate||Sessions per month||Income per month||Income per year|
|2 Sessions per Week||$ 100.00||8||$ 800.00||$ 9,600.00|
|4 Sessions per Week||$ 100.00||16||$ 1,600.00||$ 19,200.00|
|10 Sessions per Week||$ 100.00||40||$ 4,000.00||$ 48,000.00|
|20 Sessions per Week||$ 100.00||80||$ 8,000.00||$ 96,000.00|
|25 Sessions per Week||$ 100.00||100||$ 10,000.00||$ 120,000.00|
Coaching now takes place in 86% of organisations with the primary objective to support performance management.
Most of our graduates go on to run their own coaching business on a full or part time basis and some use their new-found coaching skills to enhance the jobs they currently do.
We have had coaches qualify with us over the years that have successfully set up their own coaching businesses varying from:
- Business Coaching
- Career Coaching
- Youth Coaching
- Parent Coaching
- Corporate Coaching
- Financial Coaching
- Wellness Coaching
- Confidence Coaching
- Life Coaching
- Relationship Coaching