How To Become A Life Coach - 7 Steps For Success - NerdWallet
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If you have a zest for life, enjoy helping others reach their full potential, and want to start
your own business, you may want to consider learning how to become a life coach. The
profession is becoming more and more mainstream. Over the past few years, you might
have seen a Facebook page for a life coach promoting their services or noticed that your
yoga instructor has taken on the role of a personal, spiritual, or professional advisor to
some of your classmates.
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According to a study by the International Coach Federation, there are over 53,000 coach
practitioners globally and over 17,000 in North America alone. Clearly, life coaching is
resonating with clientele, and there is a real market for it. But what does becoming a life
coach entail, and how do you know if you’re qualified to help change people’s lives?
In this guide, we'll provide you with seven crucial steps you’ll need to take before
becoming a life coach, and the potential costs involved in the process.
Undoubtedly, as a life coach, you’ll touch on more than one of these areas regardless of
your central focus. For instance, Plotline Leadership offers three distinct service lines—
careers, specific projects, or personal stories—but Tim Toterhi, founder and life coach,
says that there is certainly some overlap.
“It’s almost impossible to talk to someone about their career without touching on other
aspects of their life,” Toterhi says. “Maybe it’s a family-work life issue or it’s a leadership
quality that’s holding them back.”
Once you find your specialty—which will probably be obvious to you, based on your
background and what you feel comfortable talking to clients about—you’ll be in a better
position to market yourself and your business accordingly.
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While learning how to become a certified life coach isn't required to launch your
business, it can certainly be helpful and something much of your competition will have
done. “When you’re a certified coach, you’re bound by an ethical guideline,” says Toterhi.
“There’s a little more rigor to it. You know you have to get training every year, so there’s
much more discipline with someone who brings that to the table as well.”
But that isn’t to say that all successful life coaches are technically certified. “I know and
have worked with coaches who have zero official certifications and regularly make six
figures in a month,” says Chelsea Quint, a spiritual health and happiness coach. “It is a
case-by-case basis.”
For her part, Quint took a health coach-specialized training program with the Institute
for Integrative Nutrition, which provides nutrition and diet education as well as business
basics. She says that training and accreditation is just as important for the life coach as it
is for the client.
“I do think that it can be helpful internally to make you feel legit,” she says. “And it helps
having some kind of base-level certification where you can hone your skills and start to
figure out what areas you want to focus on.”
Whether you find your life coach certification course via Google or word of mouth, and
whether it’s online or in-person, before you enroll, make sure that the course is
credentialed by an association like the International Coach Federation, which sets
industry standards for ethical coaching. You can use ICF’s Training Program Search
Service to find a legitimate course that aligns with your life coaching goals.
During your life coach training, you’ll learn fundamentals like active listening skills and
creating a trusting environment for your clients. You'll also learn the business of
becoming a life coach and ethical concerns you may need to navigate during your
practice. Becoming a certified life coach can be an intense process, and you’ll likely need
to fulfill a certain amount of hours of training before you can earn your certification.
Therefore, you'll want to make sure you're serious about becoming a life coach before
you take on this workload.
Note that most life coach certification programs will earn you a general credential. If you
want to earn a certification in a specific aspect of life coaching, like the niche you’ve
identified above—such as wellness, career, spirituality, or relationships—gear your search
toward a specialty program.
Then, of course, there’s the price to consider. Life coach certification courses are almost
never free. In fact, becoming a certified life coach may cost you upwards of $5,000. That
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said, many of the accredited courses we’ve come across cost within the $1,000 to
$3,000 range.
When setting up your life coaching business, you’ll first need to determine your business
entity type—a sole proprietorship, LLC, or corporation are popular options. Then, unless
you decide to become a sole proprietorship (which doesn’t require registration), you’ll
need to officially register your business with your state. A secretary of state business
search will be a helpful resource as you navigate this step.
Next, assemble a business plan that addresses your startup costs—from the cost of your
certification program to any overhead costs associated with renting a space and
outfitting it, assuming you’ll meet people in person. Another expense you may consider
is business insurance—specifically liability insurance in case you are sued over providing
bad advice.
Luckily, becoming a life coach doesn’t necessarily require high upfront costs. Quint has
an all-digital business, and she credits that decision with helping her get her business off
the ground: The upfront costs when you don’t have a physical space are negligible.
“A lot of coaches want or end up having digital businesses, which means you don’t need
business cards, a printer, paper, toner, folders, and handouts,” says Quint.
You can’t become a life coach without any clients to coach. That’s why it’s crucial to have
a comprehensive marketing plan in place right from the start of your efforts to become a
life coach—and if you’re squeamish about self-promotion, then becoming a life coach
might not be right for you.
As is often the case for service-based businesses, the best referrals come through word
of mouth. Start by offering free, mini, or discounted sessions to people already in your
network, like your friends, family, and friends of family. If they’re happy with your
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services, ask them to spread the word to people in their network, and even provide a
customer testimonial that you can post on your website.
Some other strategies for attracting clients may include networking with other life
coaches in your area, upping your visibility by participating in conferences and hosting
free webinars, and considering pay-per-click and other online advertising methods.
Beyond that, you’ll need a strong social media presence to attract clients. At a minimum,
you should have an Instagram, Facebook, LinkedIn page, blog, and business website, all
of which you’ll update regularly. Sign up for a professional business-branded email
account for your life-coaching communications, too.
Quint says that what may be helpful, though not required, are branding courses that
come “with a little bit of coaching around creating [your] brand, and how to infuse it in
[your] website, how to use different colors and fonts, how to style things for social
media, how to write copy... which is helpful when you have an online business. There’s
literature out there about how someone needs to interact with you seven times before
they even start to enter their purchase-consideration mindset.”
According to Toterhi, whether he’s working with a client on their story, career, or a
specific project, being clear and setting a goal upfront is a priority. “I like to work in
three-month increments, long enough to get a meaningful change—either an entire
project or enough to create a habit if it’s a small thing,” he says.
Even before charging his clients, he makes sure to “spend a lot of time talking with
people before they sign up—almost everybody I work with I talk to for free first to make
sure they’re actually looking for a coach and not something else.”
Quint offers a variety of packages, including the Breakthrough (one 30-minute session),
the Makeover (a dozen 50-minute sessions), and the Quickstart (one 90-minute session).
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How you break down and price your services is entirely up to you.
Have a clear goal in mind when you start out with your client. If you reach your goal, you
can set up another one. But give both sides a chance to move on if the fit isn’t right.
It’s difficult to put a value on helping people change their lives. But this is a business all
the same, and you have to figure out what your time is worth in order to charge people
accordingly.
In terms of what to actually charge, Toterhi says that it depends on how you approach
working with clients. Will you do it by project? Is travel involved? Do you feel more
comfortable charging an hourly or day rate, like a lawyer or psychologist? Is this a one-
time session or an ongoing relationship? Once you figure that out, you can price out
what your hour is worth and go from there.
For some guidance, know that some life coaches may charge between $75 and $1,000
per hour, depending on their services and qualifications. But your pricing will also
depend on whether you charge for sessions separately or if you price by packages.
Depending on your area of focus, the amount of continuing education will vary, but all
life coaches should keep up on their reading and attend seminars, workshops, and
retreats that speak to their expertise. The best way to find out about continuing
education opportunities is to be active in the life coach community. Ask other coaches
what they do to learn new skills and techniques, or find communities on Facebook or
LinkedIn.
The better you are at delivering your services, and the more tools in your coaching
arsenal, the more you can help your clients. So treat continuing education as a business
expense and a way to scale your business. But if you're a life coach, investing in personal
growth should already come naturally to you.
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As we mentioned above, it does cost money to become a life coach, whether you decide
to get a certification, attend training sessions, or not. You're going to have various things
to invest in to get your business off the ground. First, a certification can cost anywhere
from $1,000 to $8,000, which can be a significant overhead cost to start out. Secondly, if
you join a professional network, like the International Coach Federation, you'll have a
monthly fee to pay as well.
Other costs to consider are whether you'll be paying for a location to meet with clients
or if you'll be an online operation. Having an office space will be a significant cost to
consider. Besides the rent, you'll have to furnish the space as well, potentially pay for
parking, and more.
Then there are marketing costs to consider. While there are plenty of free marketing
ideas to help spread the word about your life coaching business, you may also opt for
some paid advertisements, especially when you're first starting out and looking to grow
your client list. When it all comes down to it, the initial costs of becoming a life coach
don't have to be high, but they can vary greatly depending on how you plan to offer your
services.
“Plenty of people out there really just want to make money to get rich… I realized that if
I’m going to be doing something to earn income, I would so much rather do something
that helps people,” says Quint. “That feels so much better.”
About the author: Caroline Goldstein is a freelance writer, specializing in small business. Read more
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