You might well have seriously contemplated carving out a career as a spiritual life coach but are wondering, ‘Okay, but can I honestly sustain my lifestyle doing it? Can I keep paying my rent or mortgage, always have food on my table, and live a full life?’ The answer is a resounding yes. It is absolutely possible to have this career and be able to support yourself and your dependants.
How much exactly can I expect to make?
This depends on many factors. If you conduct research online into salaries, then you will generally find that a life coach can make anything between £30-£50 per hour and, once you have built up your experience, potentially £150-£200.
How much you choose to charge your clients can be affected by multiple factors which will feed into your decision-making process when setting out your rates. For example, at the forefront of your mind may be the desire to recoup the costs you’ve outlaid to study and to attain your certification and qualification. Here are some other indicating factors which may play a part:
- Experience – you may well be fresh from your course and the ink on your certificate is just about dry. It’s all about getting out there to ply your new trade and build up a wealth of experience and hone your specific skillset and see exactly what you can offer a client.
- Accreditation – this will aid you hugely as you will have accreditation from a reputable body and can massively impact your pricing structure. Many people seeking a coach will look for official accreditation before they embark on their own journey.
- Types of sessions/appointments – are you going to be coaching weekdays 9am-5pm or are you willing to offer a more flexible working pattern? For weekend or evening appointments you may consider charging a more premium rate. Also, you may wish to charge more for face-to-face sessions. People will value this kind of pricing, especially if they appreciate and require a flexible approach, i.e. they work each week day and need an evening or weekend session.
- Your own lifestyle – you may consider what you personally need each month as an income in order for you to fulfil your own commitments, desires and wants. You need to make sure your bills are paid first and foremost, but also to be able to live comfortably and contently. Think about ‘LIFE’ – Lifestyle, Impact, Finances and Emotions – what can you live on to satisfy these core areas?
- A sliding scale – you will undoubtedly come across people aching to change their life but they may not have the financial means to pay top prices. To be able to access and reach out to people who need you the most, it might be worth considering sliding scales of what people can pay. You could ask people to quantify the value of what they think your services are worth to them.
- Confidence – you may be freshly qualified and not comfortable charging high rates to people who you want to help change their life. This will lead to a negative belief that limits your own self-worth and the value you bring to the table. By offering people a safe and secure arena where they can truly lay themselves bare is of monumental value and should not be viewed lightly, and the reassurance this will give your clients is unmeasurable.
As you learn more about your own style and the bespoke techniques you employ you will discover exactly the kind of coaching you want to progress. Don’t forget that the reason you are doing this is to offer yourself an enriching existence so the way in which you do your job has never been so important. Adding additional elements to a basic menu of services is an opportunity to charge more and supplement your spiritual life coaching income even further. Have you considered corporate services? Many organisations place emphasis on ‘away days’ or ‘team building’ as a key component to a happy and healthy workforce so you could approach these kinds of businesses and offer a taster session. You might have taken a strong liking to certain techniques you were introduced to on your qualification course, such as Chakra Healing, Reiki or Neuro Linguistic Programming. You could offer specific sessions in these resulting in various side-lines and boost your income. It’s vital to think about diversifying; your reputation will increase and you could attract clients purely based on your ability to deliver specific sessions.
How do you go about regularly securing income? Session-by-session payments will not allow you security so you must want to instil certain packages, which can be impacted upon:
- Having a minimum amount of sessions – this will be determined by how long you feel it will take to help your client and how your relationship and connection will develop. It will naturally take time to build up a trusting rapport with your client.
- Tackling specific areas – this could take the form of something buried deep emotionally, something practical like wanting to change career, or something unknown which must be teased out.
- Bespoke packages – after your taster session you can paint a picture of what the client wants and how they want it delivered or, if they have no clue themselves, what the best methods you perceive to be for helping them get there.
- Corporate – businesses may be seeking one-off tasters, plus you may charge daily rates after you have surmised what the needs are for that client which will best suit the needs of that organisation.
So, there is lots to think about and to digest while setting out your fees. There is no right or wrong way to do it, it just has to be right for you as the coach and for the client. You will learn as you go what works, what needs tweaking and also gauge what people feel they are able to pay. It’s certainly not a one-size-fits-all approach. The average yearly salary is around £42,000 and there are no shortcuts on your journey – you really do need drive, tenacity, determination, passion and a wealth mindset.