10 Types of Coaches That Are Making Bank

types of coaches

What does Tony Robbins, Iyanla Vanzant, and Dr. Drew Pinsky have in common?

They aren’t coaching sports teams, but they’re three of the most recognized names in the coaching industry.

Instead of coaching players on how to score 3-pointers, coaches like these help people find their path in life, business, and health. Everyone from CEOs to recently divorced individuals can benefit from individualized coaching.

Think you have a knack for coaching people toward the best solution? Let’s take a closer look at five types of coaches with lucrative career potential.

Life Coaches

Life coaches help individuals who feel stuck in a rut and paralyzed to move forward.

There are different types of coaches that offer everything from relationship advice to career help. That’s why life coaches are ideal for such challenges as debt, marriage, divorce, and starting a business.

Starting life coaches can charge up to $200 per hour or even more. The average median salary for life coaches in the U.S. is almost $62,000, but certified life coaches can make upwards of $200,000 per year or more.

However, there’s potential to make even more through books, industry publications, blogs, online courses, retreats, TV appearances, and speaking opportunities.

Business Coaching

If you want to increase your earning potential, you may want to consider business and executive coaching. Starting corporate coaches can make upwards of $235, while executive coaches can make even more at $325 per hour.

Who needs a business coach?

Small businesses to large Fortune 500 companies enlist the help of business coaches to improve their bottom-line. Entrepreneurs also hire coaches to help improve their confidence and leadership skills.

Struggling to adopt a growth mindset? Need help getting over imposter syndrome to start a business? A certified business coach can help with that.

Relationship Coach

It’s not easy getting back into the dating scene after divorce or the death of a spouse. Likewise, navigating a difficult marriage is also a challenge. That’s where a relationship coach comes in.

Divorcees, widows/widowers, struggling singles, and unhappy couples aren’t the only ones that seek relationship coaches. Even happy and healthy couples seek relationship coaching to reach certain goals like home ownership and starting a family.

Wellness Coaching

Health plays a vital role in life decisions, business, and relationships. This brings us to our next type of coach–the wellness coach.

Wellness coaches often play multiple roles as personal trainer, nutritionist, and overall health professional. The goal of wellness coaching is to encourage healthy choices that last. Like business and life coaches, wellness coaches help clients to envision a healthier life and provide a blueprint on how to get there.

Many wellness coaches use Instagram to showcase their physical fitness, food plans, nutrition tips, and affirmations toward a healthier life. Plus, leveraging social media is a great way to improve your earning potential as a full-time wellness coach.

ADHD Coaching

Did you know that women are more likely to be diagnosed with ADHD later in life than men? This is just one of the many reasons for the emerging field of ADHD coaching.

ADHD coaches benefit adults of all ages who struggle with focus, impulsiveness, restlessness, poor time management, and a low tolerance for frustration. These types of coaches are becoming more in demand, with some clients paying more than $1,500 a month for coaching.

Five Types of Coaches: Which One Are You?

Life, business, relationship, wellness, and ADHD coaching are five lucrative career paths you can take. Which of these types of coaches are you?

Bookmark this post as a reference to help plan your career and coaching path. To stay the course, check back often for more tips on starting and expanding your career.

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