Wondering what the typical life coach salary is in Australia? Or maybe you’d like to find out how much do life coaches make? Here’s what we know, and yes… it can get very lucrative!
Life coaching in Australia is a fairly new career. So what skills are needed to be a life coach you ask? You can have a variety of skills that will help you become successful. Quite often, we see life coaches who have backgrounds or training in the areas of nursing, counselling, sociology and management although none of these is completely necessary.
Life coaches work with people and businesses to help them to find and achieve their goals. You can read our post “What Is A Life Coach?” here to find out more about what life coaches do.
If you’re a certified life coach by the International Coaching Federation (ICF), you will be able to earn much more than the average coach. This is because ICF certified coaches are globally recognised as a group of professional life coaches, and they’re simply the best in the industry.
So, if you’re an ICF certified coach and you know how to build a reputation-based business, you can make great money as a life coach in Australia or anywhere in the world.
This is due to the fact that life coaching continues to be an unregulated industry. So there is no minimum fee or maximum fee that a life coach can charge a client.
Life Coach Salary – How Much Do Life Coaches Make In Australia
Typically, a life coach works just like an independent business. Life coaches will either charge by the hour, on a month-by-month basis or based on a package such as a 3-month program.
A life coach's salary is influenced by several factors such as:
- The fee they charge
- The frequency of the coaching sessions
- How many active coaching clients they’re currently working with
- Additional income such as keynote speaking, products or membership programs
So, how much do life coaches make in Australia? Here’s how much you can expect to make as a coach:
- According to PayScale, the average life coach hourly pay is $98.26.
- The average life coach salary is $65,003 per year with a salary range starting at AU$49,192 to as much as AU$246,581.
- The monthly retainer rate is between $200 per month to $10,000 per month or more.
- Life coaches who speak at live events earn between $0 or free up to $15,000+ per speaking event.
Naturally, these fees depend on your coaching skills and experience. You won’t earn anywhere near $319,292 just because you’ve completed an ICF-certified coaching program. You will also need to have the right attitude, effort, talent, marketing knowledge and determination to put yourself out there in the market.
The good news is you can easily learn these skills by studying models that have been proven to be effective and by being around a positive support system. By doing so, you could earn $100,000 in your first year. Just like in any other business, whether it be a product-based or service-based business, success comes from taking the right action.
Without a doubt, getting successful results boils down to your attitude, effort and capability.
We hope you found some value in this post, “The Typical Life Coach Salary in Australia”. If you would like to learn how to become a successful life coach, then please come to our 1-day FREE event where you’ll learn exactly how I became Australia's only two-time BRW award-winning coach.
It’s called, “How To Become A Highly Successful Coach”, and we’ll be doing this across Australia and New Zealand. To register for your FREE SEAT for How To Become A Highly Successful Coach, click here.
Read more about: Coaching