What if I told you that you could become a 6-figure life coach in less than 6-months without getting certified?
You'd probably think I was crazy, right? Well, it's true!
In this episode, we'll discuss the steps you need to take to become a successful 6 figure salary life coach without a life coaching certification.
For my beginner life coaches, stick around until the end because I’m going to share with you how you can get paid to launch your life coaching business.
What is life coaching? What exactly does a life coach do?
Life coaches help their clients improve their health, wealth, or relationships. This could be careers and day-to-day lives.
Life coaches clarify goals, identify the obstacles, and then share strategies for overcoming each obstacle.
Areas of life coaching to pursue, including:
Business coaching and corporate coaching.
Spiritual and Christian coaching.
Weight and body image coaching.
Work/life balance coaching.
What is a life coaching certification?
A life coach certification is a document that signifies you've completed a life coach training program by an educational institution. Think of it like obtaining a personal training certification or a nutrition coaching certification.
What qualifications do I need to be a life coach?
As life coaching isn't a regulated profession, you don't need to have specific qualifications.
Most life coaches choose the profession as a second career and come to the role with previous experience in a range of backgrounds including:
human resources (HR)
Do you need a life coaching certification to get started?
No, you don’t need a life coaching certification to get started as a life coach.
Of course, in the pursuit of obtaining a life coaching certification, you’ll surely acquire new skills that will strengthen your ability to coach. This is highly encouraged, but not required.
How is a life coach different from a therapist?
Life coaches focus on the “how” by identifying and describing current problematic behaviors of clients and offering ways to modify the unwanted behavior so that they can achieve the results they desire.
Therapists focus on the “why” of problematic behaviors by analyzing a client's past as a tool for understanding present behaviors.
What do you need to focus on first when starting your life coaching business?
When starting a life coaching business, the most important thing to focus on first is clearly defining the transformational coaching experience you’ll provide you,r clients.
What is transformational coaching?
Transformational coaching is the process of partnering with someone to support them through a significant change that helps them grow, develop, and ultimately “rewrite their reality.”
The underlying premise behind transformational coaching is that you will examine everything problem that might be standing in your client's way of achieving their ideal outcome.
Why do you need to niche down your life coaching practice in order to scale up to 6 figures?
Niching down isn’t about boxing yourself in and limiting your potential income. It’s about taking your clearly defined paid offer one notch deeper to ensure that you’re working with the right type of clients and solving the right type of problem so that you can enjoy your life coaching business, become a stand-out authority and make big bucks transforming lives.
When people have a serious medical problem, they don’t go to their general doctor to correct the problem, they go to a specialist. And because that person is a specialist the patients are willing to pay more money to have their problems solved by the expert.
Be sure to tune into OBC episode #143 How To Niche Down And Not Lose Out for a more in-depth explanation.
Why you need a personal brand as a life coach?
A personal coaching brand helps your clients connect with you – it helps gain their trust. Personal branding can transform your coaching business from being just another life coach to a name everyone identifies.
A great personal brand is essentially your chance to create a powerful, purposeful “first impression” on the world stage. It works like a calling card. It tells people who you are, what you do, and what you stand for as a coach – sometimes without you having to say a word!
OBC Epsidoe #136 7 Personal Branding Beginner Tips to ACCELERATE Your Online Business https://youtu.be/1F8mmbHDCAE
How to get paid to launch your life coaching business?
Use The P.I.P. Method. This is the exact strategy I used to launch my life coaching business as a personal trainer, mindfulness life coach and now business coach.
The P.I.P. Method helps you to clearly define your paid offer and helps to set you up for success to take your offer to market and get paying clients faster.
Do this BEFORE you spend any mental energy trying to come up with a fancy business card or complicated website.
All you need to get started is your phone. Seriously!
A laptop with wifi, helps, but isn’t required to make money as a coach.
How To Become a 6 Figure Life Coach without a Life Coach Certification
When it comes to becoming a 6 figure earner as a life coach there are many routes you can take. I won’t sugar coat it, the first 6-figures in business is the toughest to earn, but it is entirely possible to achieve in 6 months or less with focuses, consistent action.
Step 1: Define your offer - this step includes outlining your business model whether it’s one-to-one coaching, group coaching, or takings hybrid approach by leveraging your experience with a digital course and regular live support calls. For a more in-depth breakdown on how to do this I have plenty of episode that cover this topic on the YouTube channel or Podcast. I’ll link a few suggestions below:
1-to-1 COACHING vs. GROUP COACHING: How To Structure Your Coaching Business
THE BEST Online Coaching Models // How To Choose The Right One For Your Coaching Business
Group Coaching Earn $10k in 30 Days: My 3-Step Group Coaching Process
Step 2: Know Your Numbers - If your goal is to earn $100,000 in your life coaching business within your first year of business, than we need to know your numbers and reverse engineer a plan to achieve your goal.
$100,000/12 months means that you need to earn $8,333/month.
But we need to factor in our operational expenses.
Let’s say that you’ve already tuned into OBC ep. #102 Cost of Starting An Online Coaching Business From Scratch in 2022 *REAL NUMBERS* and you’ve decided to take the online business bootstrap method and you’ve calculated that your online business operational expenses will be $82/month.
Now we know that our monthly target revenue goal is $8,415.
If you set our paid offer at $997/client then you need to enroll 9 new clients each month.
Using in-person sales method, let’s say your sales conversion rate is 25% meaning that 1 out of every 4 people you speak to is interested in paying you for your life coaching services. Then you’ll need to plan to talk to 34 people/month or 9 new people per week in order to hit your target revenue goals of $100k.
Now there are ways to fast-track your life coaching business and scale up without burning out.
For a more in-depth breakdown on how be sure to attend my next free training session by heading to mollyannluna.com or clicking the link below in the show notes.
If you haven’t done so yet, do be sure to smash subscribe, new episodes are released every Tuesday.