How Much Do New Life Coaches Make Compared to Experienced Ones?

How Much Do New Life Coaches Make Compared to Experienced Ones?

Life coaches assist people in work, health, relationships, and more. From business to career to health and relationships, there's a life coach available for just about any issue. With the advent of Skype, free cell phone long distance and voice over internet calling, coaches can do their work from anywhere in the world. But just how much do life coaches make?

A Range of Rates

General life coaching in areas such as career, business, relationships and fitness all tend to fall in a certain range; however, specialty areas like executive coaching can cost quite a bit more. This is partly because the "stakes" are higher in executive coaching; executives are responsible for multi-million dollar companies, so optimal performance is crucial.

Coaching can cost a premium if offered by a celebrity, a specialist, an expert or other renowned figure. Coaching from a high-profile public person can cost thousands of dollars per hour.

Experience Matters
The level of the coach's experience is also a significant factor. While brand new life coaches make from $50 to $100 per hour, more experienced ones can make $300 per hour or more. The average income for life coaches is $150 - $160 per hour.

Business coaches can start at around $150 per hour and make an average of around $235 per hour. Executive coaches boast an average of $325 to $500 per hour, and even more as their level of experience rises.

How Much do Life Coaches Make Per Year?
Beginner coaches may only make a few thousand annually as they are growing their business, but the median income for life coaches is around $40,000 per year. Executive coaches average $55,000 to $116,000 per annum, and expert or "celebrity" coaches can make hundreds of thousands of dollars per year.