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Coaching Life Coaches with passive income Five Ways to Earn Cash Online

Mar 16, 2022

Life coaching is a crucial job. If you are able to create passive income streams in the context of your coaching company It can prove to be quite profitable.

This might seem a little intimidating, but it doesn't have to be. People like you coach are making the passive income throughout their careers. It's not going to happen in an instant but the cash won't change your life (at the very least, not immediately.) However, over time, creating passive streams of revenue could take your company from being shaky to solid..

In this post this article, we'll go over the essential information you must learn about passive income (and why it's become essential for coaches of all kinds.) Then, we'll dive into the most effective strategies to earn passive income through the coaching profession and create your brand's online presence.

These are some tips if you're eager to jump forward:

  What is an income stream that is passive?

Passive income is money that is earned when users make use of something useful and lasting which you've made, e.g. the eBook or webinar, or online course. After you've made this type of resource out on the market, it earns you money without your active involvement.

The passive income of coaches can be distinguished from hourly fees as well as coaching client rosters as well as the amount of coaching sessions which can be squeezed into a week.

Put another way: Active income is contingent on the things you do, but passive income is contingent upon what you own.

The average wage for coaches is $231 per hour. That's the median salary of coaches across the United States, per the Financial Times. However, without any additional revenue streams, you can only make as much as you are able to work because your income is purely active.

On the flipside: if your business is selling an on-line coach course, collecting online marketing leads or selling an ebook on executive mindsets then you're earning passive income.

  The reason passive income streams are crucial as life coaches  

Prior to COVID, it is likely that you were conducting coaching in person, at part of the time. Many industries were taking advantage of through the record-breaking bull market of the late 2010s was investing in leadership development through executives coaching. The return on life coaching for managers and executives was around 600 percent, and that was a solid and regular income for coaches just like you.

And then... and... you're familiar with it (you experienced the experience). The bottom fell out from several industries and the remote workplace became our current norm. Budgets were cut and businesses scrambled to adjust to the new norm. (Some businesses even decided to set up Life coaching programs for their teams to help to cope with the changes.)

But many life coaches took an enormous financial blow as their active incomes decreased. 49% of the coaches reported reduced income during the epidemic, as per an 2020 study by the International Coaching Federation. The same study found that 51% life coaches said they lost clients and 37% of them reported reduced time off from work.

It meant that streams of passive income were more important than ever. And many coaches finally had the time to build their following on social media as well as create valuable intellectual property (like courses and eBooks), and generate revenue streams outside hourly client work.

  Five ways that life coaches such as you can help create an income stream that is passive  

    Build your life coaching brand through Instagram, YouTube, and TikTok    

Before jumping into monetizing your coaching brand, make people care about the brand. It doesn't require hundreds of thousands of followers. A smaller, active community who is responsive to the content you provide coaching is as important than a bigger, less passionate one (if there's a difference.)

We can then look at the reverse: how do you build an online community?

The simple truth is: you just need to convey something of value. Life coaches' communication typically means self-help suggestions encouraging words, encouragement, or reassurance. If you're consistent, friendly and helpful it will be easy to get your followers on the internet.

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Below are some simple, well-known kinds of content that you could start with right now. (They'll work for videos and for social media posts)

  • How-tos. Bring people into your coaching session. Explain how you've assisted different clients work on the goals of their own personal growth, and show the final outcomes. Provide viewers with suggestions to incorporate into their personal lives. And voila! You've already shown prospective clients how great you are.
  • After and before. Utilize testimonials and case studies to demonstrate the way your life coaching made a difference
  • Affirmations and words of encouragement. Share an affirmation that you gave to your client in the past, or post an experience that has helped one of your clients to break through the mental blockage.
  • Thought-provoking monologues. Start a dialogue. Speak about the common problems your clients face, or mistakes you see the new coaches make. Make use of your experience, relate stories that are real to you, and let clients into your world.

  What is the relationship between the online community and the passive income?  

Having an online audience regardless of size will mean that you'll get more interest in your income streams that are passive rather than coaching professionals who simply throw their eBooks or blog posts out into the void. Again, we're not talking about millions of people, just an intimate, targeted community. This is all you need.

Are you interested in seeing what appears like on the inside? Get familiar with life trainer Tori Gordon. Gordon's TlikToks have attracted a massive audience that cares about her coaching expertise, but more importantly, cares about her. The community of more than 800,000 users means that there are many prospective customers of the Coachable University courses that she offers via her site.

Coachtorigordon Reply @taylor_franken on How to Feel and Heal #healingtiktok #emotional #lifeadvice #healingjourney #selflove You - Petit Biscuit

    Design your own online course    

Online classes are an excellent way to start creating passive income around your coaching business. (That's our specialization at , and we've already helped numerous coaches and educators similar to yours.)

The key is to focus in on the area in which your knowledge is able to stand out. Being too general is likely result in your plan coming across as fluffy, unfocused, and not serious enough. Be honest: wouldn't you prefer to read "Your Guide to changing careers in Tech" rather than "The Answers to Life, Love and Literally Everything."

Have trouble narrowing down your options? Begin by considering your personal skills, including (but not limited to) life coaching. What do youknow better than anyone else--and would you be able to coach someone looking to improve their skills?

Eager to create your own coach training course, but you don't know how to begin? We've got your back. It's easy for Thinkfic users to design and market your own courses even if you're not very tech savvy. Start your course with no cost today.

    Start a blog, email newsletter or podcast    

In the first place, your blog, newsletter or podcast must demonstrate your coaching expertise as well as promote your main service as a life coach. If you're getting more consult requests, you're winning.

But that's not the whole story. Podcasts, newsletters, and blogs can also be magazines that you could earn moneyand utilize to write those residual checks.

When you're starting one, your focus should be on creating relevant, interesting material initially. Don't let your newsletter, podcast or blog to seem like mere advertising. You want to give one tiny, acceptable small amount of self-promotion.

And if you're very involved in your primary business, don't pressure yourself to create all three, just pick one content format. Below are five suggestions you could use to help you get started:

  • Ask a client if you could record their coaching session (in exchange to discounts) then make it available as podcast.
  • Blog about your own journey as a coach, and also share how you broke into the field.
  • Highlights of your coaching sessions into a weekly email newsletter.
  • Blog on common challenges to mindset you see in your coaching clients and how you can help to break the ice.
  • Interview other life coaches about their career paths in your podcast.

    Create and make available an eBook    

eBooks can be a great way to generate passive income--especially when you already have a collection of blog posts that have been successful to adapt into book form.

Writing an eBook could be daunting, keep in mind that you'ren't creating a novel. It's easier to write an e-book that is a smaller, 20-50-page guide that empowers people trying to master a particular technique or to make a alteration in their lives. Apply the same approach used for creating courses: narrow in on your skills, but don't be too general. It's the only way to create something worth the price.

Wonder what this looks like in practice? Take a look at the an expert author coach Honoree Corder. She is a specialist in helping writers publish their work and turning their dreams into realities. Her books include You have to write a book Prosperity for Writers: A Writer's Guide to Creating Abundance, as well as Vision to Realism: How the Short-Term action can lead to long-term maximum results in addition to many other.

Her coaching has a clearly defined area: literary coaching. In that area, she's published enough to make her an expert in her field and as the name of a brand. Her eBooks are now accessible through Amazon, where she can reach a very wide audience as well as generate huge sales.

I had the privilege of featuring the name of Honoree In my current book! Guys she's written over fifty books and has been an executive coach for books! She loves royalty income, and I'll show you how to create it for yourself in my next book (coming nov 19) pic.twitter.com/Mx7G7ZRBVP
-- Money Honey Rachel (@MoneyHoneyRach) on November 7, 2019.

It's true that the process of writing an eBook is not for everyone. It's difficult, and requires an enormous time commitment. There's a chance that you won't have the time, and that's totally okay. If you're not able to reach an audience you could convert into paying readers, we suggest starting off by launching an online course, or launching a blog, podcast or newsletter. There's less start-up risk and more potential return on investment.

    Tap into affiliate marketing    

Do you have a podcast, blog, TikTok, Instagram--or some other type of public platform to promote your coaching business? If yes, then you're prepared to get started with affiliate marketing.

As an affiliate marketer, you'll earn money by sending customers to brand. This is how it works It's simple: you share affiliate links and the brands monitor the people you send them ways. Every time you drive an order, you earn a commission.

As per Statista According to Statista marketing expenditures across onlythe United States will soar to $8.4 billion at the time of 2022, so there's plenty of cash to be made. The only thing you need to do is to start selling.

Start by signing up for an affiliate program, and going through the list associates. After that, you can begin to contemplate which products are a great fit to your business as a personal coach.

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The most popular products that life coaches can use to advertise are books, classes, and fitness and productivity software. This is because they're things that people are already interested in looking into.

Here are eight reputable affiliate programs to get you started:

  1.    Instagram Affiliate
  2.    ShareASale
  3.    AWIN (prev. Affiliate Window)
  4.    FlexOffers
  5.    Amazon Associates Program
  6.    CJ Affiliate
  7.    Udemy Affiliates Program

  So, what's next?  

Once you've mastered a few passive income strategies that you've learned and you're now ready to grow your coaching programs. And the fastest, most effective way to reach more clients and build the passive income you need is to bring your coaching service on the internet.

That's where comes in. We make it easy to increase your revenue by adding self-guided courses for coaching to your existing offerings. Our online platform for course design aids educators, coaches as well as digital content creators build engaging, custom online learning experiences that help grow online companies.

Test it for freeand get the training course development as well as marketing and sales tools you need to take your coaching company to the next level. (No tech skills required!)