Making Money is something many of us would like to do and the best way to make money is to put your skills and experience to good use. Becoming a Life coach is a great way to do just that. This is still a relatively new profession, imported from America, where they know all about making money, and growing fast here in the UK. At present no formal training or qualifications are required but if you’ve worked in any kind of training capacity before, or are simply a good communicator, you may well have what it takes to be a life coach. Your clients’ needs will vary; many will be interested in making money, some will be looking for practical support – organising their schedules, helping them juggle home and work commitments and focus on other long-term goals. Others may require more personal counselling and emotional guidance. Many will want a bit of both. Read a wide selection of self-help books – making money, psychology, mentoring, educational theory and life-long learning studies – and consider taking a course in one or more of these subjects. Life they say is a rich tapestry, and at the end of the day, it will be your own experiences – problems, challenges, changes and joys – together with an intelligent and sympathetic attitude – that best qualifies you to be a life coach and increases your chances of making money. Agree a fixed monthly fee and hours with each client, but also expect “crisis” phone calls from them at odd hours; life coaching isn’t a nine-to-five job, and if you’re good at it you’ll be regarded as a bit of a life-line too, and making money along the way.
Remember to take a professional approach to your business, making money and as a life coach. Set clear boundaries, ensure your clients know what they can expect from you, be clear about your fees if you are serious about making money and ensure your clients understand their responsibilities. Life coaching can be truly rewarding for both the client and the coach and a great path to making money.
One of the surest and most profitable ways to making money out of the life coach industry is to teach others about making money out of the industry. You can set up a ‘train the trainers’, or ‘coaching academy’ or do workshops. You’ll be making money from talks, CDs DVDs and books on the subject too. Obviously you’ll show people how to coach, but also many ways of making money as well.
Ron G Holland is, “Britain’s leading motivational speaker”, “Top Biz Guru” and “The entrepreneur’s entrepreneur”. Ron is London based and specializes in raising finance for early stage and start-up companies and advising and mentoring entrepreneurs. His latest book, The Eureka! Enigma – 7 Keys to Realizing Your Dreams, (Morgan James) it is all about creating big ideas and actually turning them into money. You can get a FREE copy of his blockbuster international bestseller, Talk & Grow Rich – How to Create Wealth Without Capital and lots of other valuable resources by going to Ron’s Wealth UK site.