How do life coaches make so much money? – How To Become A Coaching Psychologist

The average annual salary for a sports life coach is $80,000, according to the Sports Life Coach Association, a trade association for the industry. That works out to $28 a minute.

Life coaches get paid according to two factors: time and results.

Time, the most valuable resource in coaching, is measured in minutes. It’s the amount of time a coach must spend on each client before they learn a trick or are taught a lesson.

The first step in working as a life coach: learning to teach.

Once you figure out your approach and the right people for those lessons, you need to have the time. The longer you spend on each client, a life coach can get more out money.

According to Eric Schlosser, the founder of the Sports Life Coach Association, life coaches spend an average of 50 to 60 minutes on each client.

That can equate to 50 to 60 hours a week, but it doesn’t have to.
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Schlosser suggests that most coaches work more than 10 weeks straight — 40 at a minimum — which is more than enough to satisfy clients.

“I don’t know anyone who does 40 and 50 a week,” he said. “It’s not necessary but I think it’s a good way to practice because after you do a month (it) becomes second nature to you.”

That means the “best” coaches don’t have to put up big numbers. They can be working about 10 hours a week, which is fine for coaches who have a lot of time and a lot of energy.

According to Schlosser, coaches are paid for their “good work.” Some people call that coaching.

“A person’s skill set is a lot more valuable when they have the discipline to learn,” he said. “It’s easier to learn when you’re not under pressure.”

What is an elite coach?

So how do you earn a living teaching? Schlosser has a simple philosophy and it’s been followed over and over again by top coaches: Find a community of like-minded people who enjoy working with children and adults to create the most valuable and successful products they can.

It might not be as glamorous as coaching a college football team, but the money paid is worth it to a coach.

When you become an elite master of your craft, Schlosser says, you find people who are willing to support you.

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