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How Much Do Business Coached Make

How to Make a 6-Figure Salary as a Business Coach

Learn how to make a 6-figure salary as a business coach and get the answer to the question “how much do business coaches make?”

Do you love helping others succeed? Have you faced and conquered challenges in your business journey that you’re eager to help others overcome?

Business coaching might just be the next career choice for you. 

It’s a role that lets you make a real difference in the business world, and the financial rewards can be just as impressive.

Imagine make a 6-figure salary as a business coach by guiding others to achieve their goals. It sounds exciting, right? 

And yes! We can help you achieve it.

In this post, we’re going to explore how you can build a successful business coaching career and reach that six-figure income. If you’re starting out or looking to grow your coaching business, this guide will help you on your journey.

Who is a Business Coach?

A business coach is a professional who helps entrepreneurs, executives, and business owners navigate the challenges of running and growing their businesses. 

A business coach is basically a mentor, advisor, and strategist all rolled into one. They provide guidance on everything from setting clear business goals and developing strategies to improving leadership skills and boosting overall performance.

In essence, a business coach doesn’t just help with day-to-day operations – they empower business leaders to make better decisions, refine their strategies, and ultimately, achieve their full potential.

How Much Do Business Coaches Make on Average

Business coaches make about $84,190 per year and $40 per hour. However, many successful coaches earn well beyond this, particularly those who have established themselves as experts in their niche.

What Factors Affect How Much Business Coaches Make?

How much do business coaches make also depends on some important factors. You can make just any amount or make a 6-figure salary as a business coach if you understand these factors:

  1. Geographic Location: Where you’re based can significantly impact your earnings as a business coach. Coaches in major cities or regions with a high demand for business development services tend to charge higher fees. For example, business coaches in New York or San Francisco may command higher rates compared to those in smaller cities.
  1. Experience and Reputation: Like any profession, experience plays a big role in determining your earning potential. Coaches with a proven track record of success, strong client testimonials, and a solid reputation in their industry can charge premium rates. As you gain more experience and build a portfolio of successful clients, your value – income – can increase substantially.
  1. Specialization: Specializing in a particular niche can also boost your earnings. Whether it’s executive coaching, startup mentoring, or coaching for a specific industry like tech or healthcare, having a clear focus allows you to position yourself as an expert. This expertise often justifies higher fees and attracts clients willing to pay more for specialized knowledge.

How to Stand Out and Make a 6-figure Salary as a Business Coach

Standing out as a business coach is important in attracting clients and will also help you make a 6-figure salary as a business coach because the industry can be quiet competitive. 

The key to differentiation lies in offering unique, high-value services that will meet your clients' needs and also exceed their expectations. Here’s how you can do that:

Remove Geographical Barriers by Going Online

One of the most effective ways to differentiate your coaching practice is by expanding your reach beyond your local area. 

By offering your services online, you can connect with clients from all over the world, breaking down geographical barriers that might limit your business. Use video calls, online courses, and webinars, to aid communication.

Enhance Your Services with Practical Offerings

Adding more value to your coaching packages can make a significant difference in how clients perceive your services. Here are a few practical ways to enhance what you offer:

  • Weekly 1:1 Meetings: Personalized, one-on-one coaching sessions are highly valuable to clients. These sessions provide tailored guidance and support, helping clients achieve their specific goals more effectively. By offering regular, weekly meetings, you can build stronger relationships with your clients, leading to better outcomes and higher satisfaction.
  • Webinars: Hosting webinars allows you to share your expertise with a larger audience at once. You can use these sessions to cover common challenges, introduce new strategies, or dive deep into specific topics relevant to your clients. Webinars also provide an excellent opportunity to engage with potential clients, giving them a taste of what you offer.
  • Video Courses: Creating courses on key topics within your niche is another way to add value. These courses can serve as a resource for your clients to refer back to and can also be sold separately as a product. Video courses allow you to leverage your time and knowledge, reaching more clients without the need for constant one-on-one interaction.

Unique Offerings Attract More Clients and Justify Higher Pricing

When you offer something that others don’t, you naturally stand out from the competition. 

Unique services, such as specialized coaching packages, exclusive content, or VIP access, which differentiate your practice and also allows you to justify charging higher fees. Clients are often willing to pay more for services that provide them with clear, tangible value and a personalized experience.

Success Stories of Business Coaches 

Let’s take a look at two successful examples from the MemberMouse community that demonstrate these strategies in action:

Trade Pro Academy

tradepro academy membership site

Trade Pro Academy offers high-level trading education and coaching to its members. By providing a mix of live trading sessions, video tutorials, and a vibrant community forum, Trade Pro Academy has created a comprehensive learning experience that caters to both novice and experienced traders. 

This diverse range of offerings allows them to cater to different client needs, justify premium pricing, and build a loyal customer base.

Aussie Online Entrepreneurs

How to Make a 6-figure salary as a business coach - Customer success story

Aussie Online Entrepreneurs is another great example of leveraging online services to scale a coaching business. They offer a membership model that includes access to training videos, webinars, and a supportive online community. 

By continuously adding value through fresh content and interactive sessions, they have created a thriving community of entrepreneurs willing to invest in ongoing coaching and support.

Both Trade Pro Academy and Aussie Online Entrepreneurs have successfully differentiated their offerings and maximized their value by focusing on unique, high-quality services delivered through online platforms.

These examples illustrate how you can implement similar strategies to attract more clients, enhance your coaching practice, and scale your income.

Benefits of Selling Business Coaching Using a Recurring Revenue Model

One of the most effective ways to make a 6-figure salary as a business coach is by adopting a recurring revenue model. 

This model provides a steady income stream and offers a range of benefits that can help you grow your business sustainably.

What is the Recurring Revenue Model?

In the context of business coaching, a recurring revenue model means that clients pay a subscription fee – typically monthly or annually – ongoing access to your coaching services. 

This can include a variety of offerings, such as weekly coaching sessions, access to exclusive content, webinars, and participation in a members-only community. 

Instead of a one-time payment for a single service, the recurring revenue model ensures that you receive consistent income as long as your clients remain subscribed.

The Benefits of a Recurring Revenue Model

Here are reasons why you should use the recurring revenue model as a business coach:

  1. Predictable Income: One of the biggest advantages of a recurring revenue model is the predictability it brings to your income. Instead of relying on sporadic client engagements, you have a steady stream of revenue each month. This stability allows you to plan and grow your business with greater confidence.
  1. Improved Client Retention: When clients subscribe to a membership-based coaching program, they’re more likely to stay engaged over the long term. The ongoing nature of the relationship encourages deeper commitment and more consistent results, which in turn boosts client satisfaction and retention. A satisfied client who sees the value of your service is more likely to renew their subscription, contributing to the longevity of your revenue stream.
  1. Compounded Growth Over Time: As you add more clients to your recurring revenue model, your income grows exponentially. Each new client adds to your monthly revenue, creating a compounding effect that accelerates your business growth. Over time, this can significantly increase your earnings, allowing you to scale your business and reach that six-figure income goal.

How Membership Sites with LMS Capabilities Can Help Your Business

To effectively implement a recurring revenue model, utilizing a membership site with Learning Management System (LMS) capabilities is important. 

Membership sites allow you to create a structured environment where clients can access your coaching materials, participate in discussions, and track their progress. 

Advanced student tracking - MemberMouse feature

When combined with an LMS, you can deliver courses, manage client interactions, and provide personalized learning experiences – all within one platform.

Introducing MemberMouse as Your LMS and Membership Solution

MemberMouse is a powerful LMS and membership plugin for WordPress that can help you take your coaching business to the next level. 

Designed to support recurring revenue models, MemberMouse offers a range of features that can boost the value of your services:

  • Flexible Membership Tiers: Create different levels of access, allowing clients to choose the package that best suits their needs. Whether it's a basic membership with limited access or a premium package with one-on-one coaching, MemberMouse makes it easy to manage various subscription levels.
  • Content Dripping: Deliver your coaching content over time, keeping clients engaged and ensuring they progress at a manageable pace. This feature is particularly useful for courses and long-term coaching programs, as it helps maintain client interest and retention.
drip content membership
  • Robust Analytics and Reporting: Track client engagement, monitor course completion rates, and measure the success of your coaching programs with detailed analytics. This data-driven approach allows you to refine your services and continually improve client outcomes.
  • Seamless Integration: MemberMouse integrates smoothly with payment and email tools and platforms like Stripe, Paypal, Mailchimp,  Convertkit, etc., making it easier to manage your business operations. Whether you’re handling payments, sending emails, or managing content, MemberMouse provides a cohesive experience that simplifies your workflow.

By utilizing MemberMouse as your LMS and membership solution, you can create a structured, engaging, and scalable coaching program.

This approach will help you provide more value to your clients and position you to achieve long-term success in the business coaching industry

Conclusion

To make a 6-figure salary as a business coach is a realistic goal that can be reached with the right approach. 

By focusing on key strategies like differentiating your services, embracing a recurring revenue model, and leveraging the power of online platforms, you can build a thriving coaching business that stands out in a competitive market.

Now is the time to take action. Whether you’re just starting out or looking to enhance your existing coaching practice, consider how implementing an LMS can transform your business. Tools like MemberMouse offer the flexibility and features you need to create a structured, scalable coaching program that keeps clients engaged and drives consistent revenue.

Take the next step in your coaching journey. Discover how MemberMouse can help you create a dynamic, high-earning coaching business. Explore its features and see how it can empower you to reach your income goals. Let us know if you have any questions, we will be glad to assist. 

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Sarah Olaleye

Sarah is passionate about simplifying the technical nitty-grittys of websites, plugins, and digital marketing. As a content writer at MemberMouse, she has a keen eye for crafting engaging and informative content. Sarah plays a crucial role in educating and empowering users on the full potential of MemberMouse plugins. Bringing a blend of technical knowledge and creative flair, she ensures that each piece of content not only informs but also inspires. When not writing, she enjoys exploring the latest trends in technology and digital marketing, always seeking new ways to enhance the user experience.

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