Research commissioned by the International Coach Federation found that the average annual salary of a full time coach was just over $82,000 and a part-time coach was just over $26,000. At the time of writing this is around £50,500  for a full-time coach and £16,000  for a part-time coach.

If you are a member of the ICF you can see a copy of this report at:

http://www.coachfederation.org/research-education/icf-research-portal/research-portal–reports/

In reality, coaches working with corporate clients earn more money than those working with private life-coaching clients.

However, many coaches combine coaching with other forms of activity that earn them additional income and help build their coaching business – some examples are writing or speaking, or running workshops and events.

One positive financial aspect is the relatively low start up costs of setting up a coaching business – as the main expenditure will on be training and marketing.

In terms of time – your coaching business could take between one year and 18 months to establish and so you will need to be able to cover your expenses – both business and personal – for this time.

Coaching is still a relatively new profession and is growing in popularity and demand.  A quick internet search will reveal a number of specialisms emerging in coaching – for example:

leadership coaching, sales coaching, marketing coaching, small business coaching, career coaching, financial coaching, couples/relationship coaching, retirement coaching, youth coaching, wellness coaching, exercise/fitness coaching, communication coaching, motivational coaching, spiritual coaching, Christian coaching

and the list goes on …

Coaching is often a second or even a third career for the majority of new entrants to the profession, and, rather than the desire to earn a six figure income,  many people are drawn to coaching because of the flexibility it gives them in their working life and because of their strong sense of satisfaction from the work.