According to a study by Price Waterhouse Coopers commissioned
by the the International Coach Federation (ICF), coaches earn an
average of $207 per hour.
Full-time
coaches earn an average of $82,671 per year. With
above-average coaching skills and above-average marketing, you can easily
make 6 figures. (This study encompassed both ICF and
non-ICF coaches and surveyed almost 6,000 coaches worldwide and was
published in The New York Times in January 2008)
MYTH: Marketing is for people who don't care
FACT: Marketing is essential if you really care about reaching people and
changing lives.
You can't change lives if no one works with you. If you really care about
people, you owe it to them to get the word out about your coaching services. It
is not enough to have great coaching skills. You must also have great marketing
in order to fully contribute your talents to the world. Writing a book is a
great way to market yourself.
MYTH: I don't need to be able to help people through grief.
FACT: Grief is inevitable.
Whether it is caused by divorce, death, breakup or
another loss, heartbreak is a part of life. Having solid communication,
leadership, and listening skills will set you apart from your competition no
matter what your specific profession.
MYTH: I need an
office to start coaching
FACT: Most
coaching is done over the phone
In fact, 2/3 of coaching is done over the phone. Phone coaching is very
effective. You can start a coaching business without investing in a lot
of overhead. You don't need an office.
MYTH: Being a
coach will tie me down
FACT: Coaching
is an ideal career to maximize your personal freedom
There's no need to be tied to an office or any 9 - 5, Monday - Friday
schedule. You can -- and should -- design your coaching business to
support your ideal lifestyle and schedule. What this means to you is
that you can take Mondays and Fridays off and enjoy 5-day weekends
every week. You can take advantage of Skype, and coach your clients
even as you travel around the world. Coaching is an ideal business to
maximize your personal freedom.
MYTH: It will
take me a long time to build a successful coaching business.
FACT: It's
possible to build a successful coaching business quickly.
If you're following the right recipe, you can build your coaching
business quickly. The right mentoring and the right marketing make all
the difference. W. Clement Stone said, "Little hinges swing big doors."
One good idea cause a huge shift in your thinking, your marketing, and
your income.
MYTH: I will get
drained emotionally
FACT: It can be
very emotionally rewarding
If you have the right training, coaching someone from heartbreak to
happiness can be one of the most deeply fulfilling experiences in your
life. Clients are deeply appreciative when you coach them back to
happiness in a few months.
Without coaching people typically suffer 5-8 years.
MYTH: I need a
lot of clients to succeed
FACT: You don't
need many clients to be successful
For example, if you talk to talk to 11 clients per week at $200 per
hour, you will earn $114,400 per year. More important, you will be making a significant difference.
MYTH: I need to
be perfect to be a good coach
FACT: A good
coach is authentic and growing. A great coach has experienced and
overcome major obstacles
When you try to be perfect, you put that same pressure on your client.
Our deepest wounds can often become the source of our greatest gift to
give others. Once we have healed, we can become lighthouses for others.
Dr.
Wayne Dyer & Aurora Winter
I read every page of this beautiful diary – it touched my
heart and I know it will impact yours."
-Dr. Wayne Dyer,
New-York Times best-selling author