How to Become Filthy Rich as a Life Coach

by admin | 14th July 2010

If you're like most people who are thinking about a life coach, you can not do it for the money. You want to help this world a better place and that is awesome. However, money is a natural part of the can in the situation, more people with your business and life coaching to help a good way to create multiple streams of income. You do not have to put into practice all the revenue sources I mention. These are just to show you an idea of the versatility of this box, and let you know how you can make money as a Life Coach. Experienced trainers will tell you that personal coaching makes up only 25% of their income. This means that 75% of their income comes from other sources. Remember, as you set off on your Life Coaching Business. Here are some popular money-making techniques in Life Coaching. * One-to-one personal coaching, by month - by e-mail over the telephone and even face to face. * One-to-One Executive / Business Coaching - The returns are much higher than those for personal coaching. This is BIG MONEY! * Group coaching, by month - This is a classroom with nearly 10-30 people attended. You can easily charge $ 100 for three hours. You have the math. * Tele-classes - This is a group coaching class instead of phone lines. You can use a conference phone and chat with any number of people at a time. * License your program / IP (Intellectual Property) - If you are a natural at coming up with new ideas, why do not you just think, your own products and services and sell them to people? * Mentor other coaches. Well, that's for someone who is an established trainer and a certain name and fame in the coaching industry. You can make a lot of money by training and mentoring other coaches. * Deliver keynotes / speeches. They can either be paid for this or use this opportunity to make new contacts and spreading the word around about you and the life coaching industry. You are sure to give to get new business from every speech or address. * Sale / Offer assessments. You can sell or offer assessments such as Myers Briggs or SDI online. * Write / sell an eBook. This gives you passive income. Choose a topic people want, write an eBook and sell it on the net. * Conduct local seminars / workshops. Book a meeting room in a hotel or a lecture hall at your local college or school and running a seminar. * Setting up a specialty training company or program. Training is a very lucrative field. Set up some specialty training programs and earn money! * Start a new company. Starting an independent company and implement all that you learned as a coach. Turn this into a money-making project. * Setting up a portal / site membership. Make money even while you sleep! Here are more ways you send your profits through the roof: * Creating and selling audio cassettes or CDs * Start a coaching school * Keep your newsletter open other ads * Take the role of a resident expert to other coaches in your field. Provide them with training. Do not forget to charge for your free consultation and training. * Act as a coach to your previous or current industry * Get a slot on a TV or radio show host * Work-coaching for a larger organization or coach * Are you a supplier or service provider for the coaching industry * Create an affiliate program for your products or services * Become an affiliate and sell your site (including Amazon, software, etc.) * Have some column writing for a newspaper or magazine * Write a paid newsletter or a magazine * Teach a webinar type course * Write or sell an e-course * Create software * Build Joint Ventures with other coaches * Article Writing

Craig Miller is known as the Cake Coach, and it helps coaches learn how to have the cake and eat it too. If you accelerate your coaching business, then look www. thecakecoach. com.


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