How much does a life coach cost? Life coaching fees vary widely. A single session may cost as little as $50, or as much as thousands of dollars for the most experienced specialty lifestyle coaches. Choosing a life coach is a very personal decision, and it is important to find someone who is going to meet your needs and expectations, financial and otherwise. This article shows you how to find a life coach who can help you achieve your goals — without breaking the bank.
What Do You Need a Life Coach to Do for You?
It is important to consider your needs and expectations so that you can find a coach that suits your budget and can help you achieve your goals. We will provide you with a step-by-step approach to the questions you need to ask yourself before looking for a coach.
How often do you want to meet with your life coach? This can be one of the biggest factors impacting the price of coaching, as prices are often based on an hourly or monthly rate. Some clients choose to meet with their coach weekly, bi-weekly, monthly, or just from time to time. These clients are charged by their coaches on a per-hour basis. Other clients who want more regular contact with their coach might consider signing up for a long-term program, with a set price for six or twelve months of coaching.
2. Coach Availability
How much support do you need from your life coach? Some coaches make themselves available to their clients by email or phone between in-person sessions. This might be twenty-four hour support, or they might only be available during normal business hours from Monday to Friday. Coaches who offer around-the-clock support, including nights and weekends, will charge a steeper price. It is also worth noting that low hourly fees frequently mean that a coach has many clients, and therefore will be less available to you individually.
What types of materials would help you meet your goals? Life coaching may include resources that you work on between sessions. Here are some possible materials a life coach could suggest to help your development:
- Coaching journal
- Weekly action plans
- Meditative or visualization exercises
- Coaching workbooks
Keep in mind that materials you need to purchase (like a particular workbook) will add to the overall price of your coaching commitment. The fees for coaching resources are typically small compared to the hourly or monthly fees charged by the coach, but you’ll still want to account for them if you’re making a budget. Once you’ve narrowed down some possible candidates for your life coach, consider asking them what kind of supplemental materials they suggest or require as part of their practice.
4. Specialized Skills
Do you need a coach who is specially trained in a certain area? Not all coaches have a particular area of expertise, but if you seek coaching in a very specific aspect of your life, it might be worth looking for someone who specializes in that area. Maybe you want a coach with plenty of experience helping the newly retired plan for post-retirement success. Some other areas that coaches may focus on include weight loss coaching, career coaching, relationship coaching, spiritual coaching, crisis coaching, and stress management coaching, to name a few. The most expensive niches, such as corporate coaching, can run anywhere from $250 to $2,000 per hour, whereas standard (non-specialized) life coaching ranges more between $50 to $1,000 an hour. Another option is to join a coaching group for people who are all looking to improve in a certain area, such as starting a business. This can reduce the cost of coaching to $50 – $100 an hour.
Can You Try a Life Coach for Free?
Life coaching fees higher than you expected? If you are not sure that a life coach is the right choice for your situation, you may be able to try their services with no obligations through a free initial consultation. Some coaches even offer a satisfaction guarantee or the promise of your money back, giving you a risk-free trial period.
1. Free Life Coaching Initial Consultation
Many coaches offer a complimentary first session in order to give prospective clients the chance to meet them with no financial commitment. This is your chance to ask questions about their coaching style and methods to decide if they are the right fit for you and your needs. You can also ask to see examples of materials they will use to supplement the coaching (see the “Materials” section above). While there is no obligation to continue with a coach after a trial session, you should only book a free session if you are seriously considering working with that coach. Be sure to let the coach know promptly and courteously if you decide to pursue another option after meeting with them, so they are not left wondering.
2. Money-Back Guarantee
Some coaches offer a money-back guarantee on their coaching services. In some cases, this is an unconditional offer; in others, it could be a thirty-day guarantee. Either way, this allows you to try coaching in a risk-free environment. It’s worth mentioning that while some coaches do not offer this type of guarantee out of concern that it will allow clients to stay unmotivated and not progress, they may instead offer a sort of value-back guarantee. This means that if one of their clients is not satisfied with the coaching experience, the coach is willing to work with them (by providing more sessions, new methods, etc.) until the client is satisfied.
3. Life Coaches In Training
New coaches sometimes offer free sessions as a way to build up a client base when they are entering the market. While the number of sessions might be limited, this can be a great way for you to get free life coaching while the coach builds up their resume and gains practical experience. A coach offering this type of deal may ask you to write a recommendation or film a video review at the end of the process in order to help them attract new clients, especially if your experience was a particularly positive one.
How Can You Find a Life Coach for a Reduced Price?
While life coaching can be expensive, there are options out there for every budget. Here are some suggestions on how to find coaches for a lower price.
Some coaches may be willing to negotiate and reduce their fees for a motivated client in a difficult financial situation. However, you should bear in mind that you want to be open and honest about your finances from the beginning. If you are financially able to pay but simply do not value the coach’s services, this will become obvious over time and could lead to an uncomfortable situation. If your coach is not willing to budge on the price itself, a payment plan (allowing you to pay in installments) might be another option that can be negotiated.
Some coaches might offer a reduced hourly rate when clients buy a package of five, ten, or twenty sessions. However, the coach will generally expect you to pay the cost for the entire package before the first or second session in one lump sum.
3. Online/Phone Coaching
Online or phone coaching allows a client to have access to coaches who do not necessarily live in the same geographical area. This option can be both less expensive and more convenient. It allows clients to schedule shorter sessions at times that work for their schedules. Online coaching is generally less expensive than in-person sessions, and pricing generally runs from $50 to $200 per hour. While many life coaches only accept face-to-face sessions of an hour or longer, those who offer phone coaching will typically grant thirty-minute sessions, which are generally less expensive. One important consideration regarding this option is whether or not the prospective life coach works in the same time zone as the one in which you live.
What Will Your Life Coach Expect From You?
The main thing that your life coach will expect from you is a personal investment (financial, emotional, and otherwise) in the process. Without your investment, the life coaching process loses its value. A strong sense of commitment on your part can help to guarantee a successful coaching experience.
Some life coaches operate under the philosophy that a financially invested client is more likely to participate fully in the coaching experience and, thus, more likely to obtain a good outcome. These life coaches might require you to make a deposit before you begin to ensure you are serious about your commitment to work with them to meet your goals.
As you can see, there are a variety of factors that must be taken into consideration when estimating one’s budget for a life coach. And how much do life coaches charge? The price of a life coach can vary dramatically based on your needs, ranging from $50 to $2,000 an hour or more for the most experienced and specialized coaches, particularly those who offer corporate coaching. It is important to do your research when choosing a life coach and determining the cost, because fees might not always be published on a life coach’s website or in their marketing materials. You can begin your search for a life coach on websites that offer a coach directory, such as Life Coach Hub or Life Coach Spotter. Life coaching can be very affordable, even for those with budgetary constraints. To find the right coach at the right price, you’ll have to define your own goals, needs, and expectations for the coaching process.