Do you want to be a life coach? If so, find here an exhaustive beginner’s guide on becoming a life coach and start a life coaching business from home.
A life coach can change somebody’s life. Becoming a life coach can be a satisfying as well as rewarding job. If you like to inspire and motivate others and people often come to you for advice, you can become a life coach and start working at home. So, let us see how to become a life coach at home.
Here are the 10 Steps to Start a Life Coaching Business
1. Qualification Requirement
To become a life coach, you need relevant qualifications. You have to get a Bachelor´s, Master´s, or Doctorate Degree in Counseling. Sometimes people from other fields of study like psychologists also become life coaches.
For working as a Life Coach you must have a certification that is sometimes essential for certain states. For example, the International Coaching Federation offers a 125-hour ICF training program. The ICF offers three levels of certification, Associate, Professional, and Master.
There are also three types of life coach training available:
- In-Person Training with classroom lectures.
- Combined learning, which is a blend of the classroom as well as online training.
- Online Training, which is complete virtual training.
There are certain training tools available online. You can download these books and get trained for becoming a professional coach, get an ICF credential, and become a life coach at home. These kits offer free training by eminent coaches and invite free webinars.
Apart from the qualifications and certifications required to become a life coach, you need to develop certain skills for a successful career as a life coach. Some of them are:
- Good communication skills.
- Good Motivational Skills.
- A patient and a good listener
- The flexibility of working with people from various professions and social background
- Critical thinking capacity.
- Sound IT skills
2. Select Your Niche
To become a life coach from home, you have to carefully examine your city, area, and neighborhood and find out the need for life coaching and the highest demand in which field. There are different fields like business, career, sports, health, relationships, etc. So, you may focus your specialization on any one of these.
Don’t worry, this is just the beginning. Once your client base increases and your advertisement and publicity pick up as a life coach from home, you will get clients from different areas.
3. Equip Your Office Space at Home
Becoming a life coach from home gives you many advantages like no hassle of commuting, work according to your convenient time and from the comfort of your home, work for long and odd hours, and need not be away from your family.
Your life coaching office at home should be well equipped to provide maximum benefit to your client along with becoming furnished with the tools required for life coaching.
For face-to-face life coaching, you need a well-illuminated room with comfortable sitting arrangements. Keep provisions for some hot or cold drinks to make your clients feel comfortable.
Apart from tables, chairs, etc, you need a good phone with a headset for coaching over the phone. You can go for a landline with a good cordless set. Or a mobile phone with a good headset and speaker.
For online life coaching, you need a good internet connection. You must have a good laptop and use platforms like Skype, Google Hangout, Google Duo, or Fuze for a small fee. For group coaching, you can go for WebEx or GoToMeeting.
Remember, the equipment and platforms should be up to date and you should always be ready with a Plan B in case your plan fails. The quality of visual along with audio should be very clear, otherwise, both you and your client may feel uncomfortable and your purpose will get disturbed.
4. Name your Life Coaching Business from Home
Take good care in naming your life coaching center at home. This is required as the name will be remembered by your clients. Think very well, brainstorm ideas, take your close ones’ opinion and then finalize the name.
Take the help of the specialized software regarding the availability of the name chosen by you. Try to get the URL in the name you choose for your life coaching business.
5. The Structure of Business
Before you start your business of life coaching at home, decide the format or structure of your business model. There are several types of business models like Sole Proprietorship, Partnership, Cooperative, Limited Liability Company (LLC), Corporation, etc.
Each type has its own tax structure and legal framework. You have to follow them accordingly. Each type has its pros and cons too. So, think carefully.
6. Liability Insurance
As a certified Life Coach, you will need liability insurance depending on the type of your coaching plan and the level of the risk you face. Check the premium amount carefully and go for a suitable plan.
7. Accounting & Taxes
Be regular and lawful in paying the required taxes. Take the help of professionals in matters of tax and also accounting and maintaining the books of records.
8. Marketing & Web Designing
You may also need marketing experts for successful campaigns and marketing strategies for your life coaching business from home. Use social media platforms and if needed take the help of social media marketing experts.
For website designing, carefully choose the design and content of the website and highlight your qualifications, training and give comments and interviews of your successful clients.
9. How Much You Can Earn As A Life Coach
According to different studies and surveys, the average annual income of a certified life coach is approximately $60,000+. As a life coach from home, a new coach can charge between $100-200 per hour and an experienced coach can charge $250-500 per hour. So, the choice is yours.
10. Software and Tools
To become a successful life coach from home, you have to use certain technical facilities, which make your business easier. Enable your website with facilities so that clients can book appointments themselves. There should also be a reminder service for you.
Apart from that, keeping data and records of clients, billing and accounting should also be taken care of, so that the entire procedure becomes hassle-free. You can choose platforms like Life Coach Office, CoachLogix, etc for this purpose.
Some Important Tips for Life Coaching Business
There are certain things you should remember while you want to become a life coach from home. Of course, working from home makes you comfortable but you have to keep in mind certain things.
You’ll have to isolate your work from the household. Like children, pets, and regular domestic chores like laundry, cooking, or the sounds of cooker or microwave.
In our office at home, try to find a separate and quiet place, where these distractions cannot be seen or heard. Also, the place has to be comfortable for both you and your clients.
Difference between Life Coaches and Therapists
The therapists deal with patients with specific psychological problems and they have special qualifications to do so. While a life coach helps in directing his client and helps him in properly achieving life goals.
A life coach has certain training to pursue his career and he directs his clients in getting more results. They cannot and don’t handle people with problems of depression, trauma, or other mental illness.
The Growing Demand of Life Coach
As our lives are becoming more and more complex and competitive, we need life coaches. They guide us and provide a positive vibe.
So your decision to become a life coach from home is altogether a good decision, whereby you can help people and give them a good result.
Working from home will be your added points of benefit and comfort. So, becoming a life coach from home is an ideal business opportunity for you. It is beneficial for others and good and profitable for you.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.