Being a coach is about using proven experience and wisdom to support a client with advice, training, and exercises to help them achieve a specific personal or professional goal.
You do not need any educational requirements to become a coach, most times well-grounded experience in a certain field is what is needed to start a career as a coach.
Most times, Aspiring coaches can choose several different paths when starting a career as a professional coach.
There are numerous coaching certificate programs, for instance, and in most cases, Professional coaches may also have, or choose to earn, degrees in areas such as counselling, psychology, or organizational development.
The role of the coach is to facilitate learning and to be the client’s go-to person for simplifying processes which enables the client to more easily and directly achieve their goals.
Do you want to make money online as a coach? This article has been written to help you become a coach with ease.
Who is a Coach?
A coach is someone whose primary responsibility is to motivate the student or client to achieve their potential in any area or areas that need improvement.
They also develop specific skill sets and goals important to the job or type of recreation. These skills vary depending on the type of mentor-to-student relationship. A coach can be a private tutor, a counsellor, or a life-skills coordinator.
Why should I Become a Coach?
Becoming a coach has never been late because there are millions of people who need guidance in different areas of their lives such as relationships, careers and business.
Coaching is hard work and it requires a true desire on one’s part to indulge in motivating others, helping others achieve their fullest potential and mentoring people towards a particular goal.
Here are some reasons why you should consider becoming a coach.
1. You want to help People.
Coaches help people in various ways. As a coach, you assist people with finding clarity, purpose, calling, and a few other things.
Wellness coaches empower people to lead healthier, more well-balanced lives. Career coaches provide support and empowerment in the field of professional development and career change.
Executive coaches assist leaders and managers to become better communicators, more empathetic, and simply put, more effective.
2. You want to become an Entrepreneur.
If you’re fed up with the corporate rat race and desire to build passive income both offline and online, then being a coach can be a great way to break free and become an entrepreneur.
Entrepreneurial life has a lot of exciting pros, especially in the beginning as you discover your niche.
It’s like a big, fun, exhilarating puzzle that involves external, as well as internal, work. That first customer is always the most exhilarating, but as time goes on, you begin to adjust and grow more popular it becomes easier.
Many coaches start with one-to-one coaching and then move into working groups or online courses, which allows them to leverage the vastness of digital marketing and the internet.
3. You love personal development.
The biggest plus of becoming a coach is your personal growth. A popular saying goes thus ” You can’t give what you dont have”.
To avoid projecting your own experience onto your coachees, you’ll need to solve your issues first. It’s part of the journey.
You will be surprised at how much you can learn about yourself and some of the traumas and patterns that are possibly holding you back.
A great coach training program will help you spot your blind spots and get you where you can comfortably coach others.
4. You want your routine to be more flexible.
Maybe you have a 9-5 job and want to build passive income alongside, Becoming a coach offers vast amounts of flexibility.
For starters, you can, in many cases, choose the hours you work. You also tend to have the option to work remotely. Working remotely has its perks, as it can be hugely inspirational.
If becoming your boss is not your thing, having a background in coaching can provide various employment options.
You become more marketable to more companies, opening up room for flexibility within the confines of employment.
5. You are versatile.
As a coach, no day is ever the same. To start you, can specialize in various coaching niches such as Life, Career, Health and Wellness and many more, and even within these specializations, there are several exciting paths from which to choose.
For instance, as a life coach, you could work with people from their love life to their relationships and overall life choices and goals. These are just a few examples, but the list is endless.
6. There is a global massive demand for coaches.
Coaches remain one of the most demanded professions all over the world. When we talk about skills of the future, coaching is certainly one of them. According to the ICF (International Coaching Federation), there are about 50, 000 coaches worldwide, and the coaching market is estimated to be about 13 billion euros; expected to grow a further 7% per year.
Even with massive advancements in AI, this field will not be easily replaced by a supercomputer as it requires a deep understanding of human psychology and empathy, as well as many other skills that a computer simply can’t yet learn.
In The Netherlands alone, the chamber of commerce has reported that there are about ten times more coaches now than in 2013 and that the demand and supply for coaching are “increasing strongly.” So, if you think there are too many out there already, then think again!
7. Being a coach helps strengthen relationships.
Engaging others through coaching can strengthen personal and professional relationships.
This is because personal information and insight are provided by the coachee and together strategies are formulated to achieve results.
Throughout this process, coaches make fundamental connections with those they support, as they share their sense of accomplishment and success.
These relationships often transcend different age groups, hierarchies and work cultures.
8. Coaching expands professional networks and communities.
Coaching allows you to meet people across all forms of life. These networks quickly widen and provide numerous opportunities to engage an audience.
With the use of Social Media, the possibilities to provide expert commentary and connect with even larger groups are immense.
9. Quick entry to the profession.
Coaching provides a fast entry into a new profession for those who do not want to acquire degrees and years of experience before starting a new profession.
Training to become a coach can take as little as 6 – 9 months and it’s up to each individual to decide the pace of study.
The majority of The Coaching Academy coaches start their full-time businesses, whilst others work part-time.
How do I Make Money Online as a Coach?
Now you want to become a coach and build passive income doing so, Turning your life coaching business into a success story is not as simple as you may think.
When you’re starting your coaching business, you may think that the only way to make money as a coach is to spend time with your one-on-one client helping them work through their issues and leading them on the path to attain their version of success.
Nope, that is now how it should be done as there are endless ways for you to build a passive income on your terms as a coach. Do you want to make money online as a coach? here is how it can be done.
1. Choose a Topic.
The first thing to do after you have decided to become a coach is to choose a niche or topic.
A topic is what you are good at, or what you think you have in-depth knowledge about.
Choose a topic that interests you and one that is synonymous with your life experience.
If you choose a topic that is interesting to you, then the audience will stay glued to you.
2. Build an audience.
Next on is to build an audience for your coaching business. After you have decided on a topic to establish your coaching business, it’s time to get people to come to listen to what you have to say.
The content you create to build an audience for your coaching business should always revolve around your primary industry. If you talk about dating, don’t dive into political discussions.
Your audience is focused on a specific niche category, and you don’t want to stray from it. Otherwise, you could lose some of the audience you’ve already collected.
The target audience is those individuals who are most likely to buy products or services. Don’t try to over-reach by engaging other types of audiences.
I wrote a comprehensive article on this blog on how to build an audience. Check out the link to the article to learn more.
3. Join an affiliate program.
Once you have built an audience who keeps coming back for your audience, it’s time to start making money off them, and one way to achieve that is to join an affiliate marketing program.
An affiliate is someone who markets a 3rd party program or service in exchange for a referral fee.
There are thousands of affiliate marketing programs to choose from, and as a coach, you should choose an affiliate program that suits the topic you talk about.
I wrote a comprehensive article on how to start an affiliate marketing program and make money. Check out the link to the article to learn more.
4. Create an Online course.
Another incredible way to create passive income as a coach is by launching a course. Tools like ‘teachable’ allow you to host courses, as it’s a gorgeous interface and super easy to use.
The beautiful thing is, you can launch your course as a group coaching program as I mentioned above initially, and then you can launch your program and sell it before you even create the content!
I wrote a comprehensive article on how to create a successful online course. Check out the link to the article to learn more.
5. Become a Consultant.
Becoming a consultant is one way to make money as a coach. Life coaches who specialize in business coaching have the possibility of becoming consultants.
Being a consultant means analyzing and providing expertise, normally in a corporate environment.
Business coaches charge either per hour or long-term, and they are the top earners in the niche.
In comparison to other coaching areas, business consulting is based on value and trustworthiness.
You will need expertise and client proof to stand out from the crowd. The more clients you get, the more market authority you will gain.
I wrote a comprehensive guide on how to make money online as a consultant. Check out the link to the article to learn more.
6. Start a Membership website.
A membership website is a gated site that includes members-only content. They’re used by nonprofits, clubs, associations and even businesses to “gate” content that only members have access to provide additional value.
These members can be free, paid, or operate on a tiered system that offers different levels of membership for different values.
Another great way to make money as a coach is to launch a membership site. Having a membership is So rewarding because you have a real community that you get to grow with and see their progress.
I wrote a comprehensive article on how to create a social networking site. Check out the link to the article to learn more.
7. Start a Blog.
Blogging is one way to make money online as a coach. knowledge of the right topic and creative content can help you build passive income as a blogger.
There are also diverse ways to make money online as a blogger such as advertising, affiliate marketing, and many more.
I wrote a comprehensive article on how to start a blog and become successful. Check out the link to the article to learn more.
8. Start a YouTube channel.
Owning a YouTube channel is one way to also make money as a coach. YouTube as a platform over the years has served so many online coaches more than any platform in the world.
We see popular coaches like Tony Robinsons, DanLok and many more build their income streams on YouTube in just a short while, anyone can build a business on YouTube provided they are grounded in the topic they talk about.
I wrote a comprehensive article on how to start a successful YouTube channel. Check out the link to the article to learn more.
9. Join Fiverr.
Fiverr is a freelance platform that allows you to offer services for a token.
Most People think you need soft skills in computing to make money on Fiverr, but that is far from the truth.
Coaches can build passive income by advising and motivating people on Fiverr, all that is needed to be done is to create a gig that serves that purpose.
I wrote a comprehensive article on how to become successful on Fiverr. Check out the link to the article to learn more.
10. Join Upwork.
Upwork works like Fiverr, just that you have to bid for jobs rather than wait for clients to approach you.
Upwork also has an avenue for life coaches to offer their services and get paid for them. With the right proposal and profile, you can be on your way to building passive income with Fiverr.
I wrote a comprehensive guide on how to make money online with Upwork. Check out the link to the article below to learn more.