You may be wondering how to make money as a health coach. Or, you might be wondering how the school or training program you complete for your health coach certification affects your salary as a health coach. While different health coaching programs do vary in terms of tuition, whether they are online or in -person, length of study, reputability and more, your actual salary probably depends mainly on how you approach your new career once your training is complete. And whether or not you focus only on salary, or if you start to think in terms of ‘profits‘.
Health coaches who start their own business have a very wide variety of salaries, with the range going all the way from some coaches doing mostly pro bono work and others making all the way up to six figures!
Here are some examples of why there are such vast differences.
Health coaching income based on intermittent, part-time work:
Some health coaches have a regular full-time job. On the side, they do intermittent health coaching, often for free, to help those in need or offer community education. Or they may charge a nominal fee (such as $5 per session) or a sliding fee. How you determine your sliding fee scale can be tricky. (More on that in an upcoming post.) Along the same lines, many health coaches simply use their new skills in their current job (be it as a physician, nurse, social worker, etc.) Therefore, the health coaching does not add to their salary per se.
The slow-growing income:
Other health coaches make take some time to transition from their current job into their new business of health coaching. This process can take 6-12 months, so be patient with yourself if this is the route you are taking. These health coaches are gradually building up their business, and will eventually transition to full-time health coaching.
The moderate income earning health coach:
Still others go full blast and dive right in, with full-time health coaching. Some start out charging a smaller fee until they gain more experience, and some go straight into standard rates. Still, working at top speed, you are limited to how much you can bring in solely working with clients. If you’ve never thought about this… Your eyes are about to be opened.
Here’s the real kicker. This is what truly dictates the large discrepancy in pay scales and how you can actually earn a six figure income by coaching.
- One health coach trades their time for pay.
- Another health coach also earn money passively.
What is the difference? Let me explain:
If you are in any job, you are most likely earning a wage or salary based on the time you are working. Example: You work a 40 hour a week job in an office – You earn pay for that 40 hours. In health coaching, it may be this: You coach a client for 45 mins. – You earn your fee for that 45 mins.
In this pay scale model, you will always be limited on your salary according to how many hours you can work with clients. If you have only 20 client hours you can spare a week, there’s your salary ceiling. If you have 60 hours (and that A LOT of clients!) per week, there’s your higher salary ceiling.
But the health coaches that truly make significant pay are the ones who leverage themselves and what they do. And, ultimately, they reach more people and can help more people.
These health coaches offer one-one-one sessions, workshops, webinars, teleconferences, website memberships, books, e-courses and more. You are only limited by your creativity.
This topic is important because it can make a difference between a mediocre income to a stellar income as a health coach. More posts to come on this enticing topic in the future. Sign up for email updates here and you’ll be up-to-date on new posts and resources. And check out the e-courses that are geared towards teaching you how to run your own business, market yourself and GO BIG.