How much money can you earn as an online coach in 2024?

Are you dreaming of building a successful online coaching business while helping others? 

You’ve likely seen the hype around online coaching income, but you might wonder if it’s truly realistic. Can you actually make good money as a coach?

In this blog post, we’ll explore the question: “How much money can you earn as an online coach in 2024?”

Yes, You Can Make Money Coaching, But It Depends

The answer is both yes and it depends! Yes, you can make a good income with an online coaching business. 

However, how much, how soon, and how well depend on various factors we’ll explore below.

Established coaches with a proven track record can pull in six figures or more every month. 

While that’s possible, it’s important to understand the journey for beginners can be different.

Key Factors Influencing Your Coaching Income

• Your Coaching Niche

Do you specialize in a high-demand area like life coaching, business coaching, or health and wellness coaching? Or have you identified a profitable micro-niche?

For example, Coach A might help women lose weight with $100 per session, while Coach B focuses on helping new moms lose weight after childbirth using yoga techniques, charging $700 per session. Both might use similar techniques, but Coach B targets a specific problem for a specific person, creating a higher perceived value.

We have a 30-minute video on “How to Start an Online Coaching Business in 2024 (Step-by-Step Roadmap)” that dives deep into finding your micro-niche niche. Check it out here!

• Your Experience and Expertise

Seasoned coaches with years of experience and a strong reputation can typically charge more than those just starting out. Building credibility takes time and results.

• Your Pricing Model

Do you offer hourly sessions, premium one-on-one coaching, group coaching programs, or customized coaching packages?

You can charge more for premium one-on-one services, but you can reach a larger audience with group coaching. Your pricing model should adapt as your business grows.

• Your Client Base

The more clients you have, the higher your earning potential.

Here’s a look at some realistic income ranges for online coaches:

• New Coaches (First Year): $30,000 – $50,000 annually is a common starting point. This is a time to focus on honing your skills, building your brand, and attracting your ideal clients. Start with smaller, more affordable packages or hourly sessions to gain experience and testimonials. Gradually increase your prices as you refine your offerings.

• Experienced Coaches (2-5 Years):  $50,000 – $100,000 annually is a more achievable target as you refine your offerings and your client base grows. By this point, you’ve likely developed niche expertise, have a steady stream of inquiries, and can command higher rates. Consider offering higher-end coaching or group programs to increase your income potential.

• Top Coaches (5+ Years with a Strong Brand): Six figures or more per year becomes possible. You’ve likely developed a signature program, have a loyal following, and can command premium rates. Top coaches often leverage multiple income streams, such as selling digital products, hosting workshops, or affiliate marketing, in addition to their core coaching programs.

Remember, these are estimates. Some coaches may earn more, and some may earn less depending on the factors mentioned earlier.

Building a Successful Coaching Business Takes Time

Building a successful online coaching business takes time, effort, and dedication. 

But with the right approach, passion, and a platform like Autowade to streamline your operations, you can create a fulfilling career that helps others and brings you financial freedom.

Don’t get discouraged if you don’t hit six figures overnight. Focus on providing exceptional value to your clients, constantly improving your skills, and strategically scaling your business.

The earning potential in online coaching is exciting, but the real reward is the impact you can create in people’s lives. You have the potential to change lives; why take it for granted?

Action Item for You

We’re building the best-in-the-universe online coaching platform for you (launching on July 1, 2024!), designed to help you reach your financial goals. In the meantime, sign up using the button below to be the first notified when we go live!

We’ll be here sooner than you think.

We post a new video every Monday at 11:00 AM IST about online coaching, business building, client experience, systems, monetization, technology, and life!

Before you head off, check out our latest video here.