Did you know that the US life coach industry’s market size is $1 billion? Analysts expect the industry to grow another 4.9% in 2022.

Coaching clients is a great path to financial independence. Have you ever thought about starting an online coaching business?

The following guide will explain how to start an online coaching business the right way. Read on to learn the best ways to make money and change lives by becoming an online business coach.

Choose Your Business Type

A standard life coaching business helps clients that want to improve confidence. Clients might also need help with coping skills, controlling their anger, or specific life challenges.

Financial coaching involves motivating clients and offering advice about personal finance management. For example, coaches might help with a household budget and different savings strategies.

Career coaches help clients who are struggling to start their careers. Clients might also seek help from coaches to change their current careers.

Wellness coaches are a combination of personal trainers and nutrition experts. They’re also knowledgeable in all things wellness-related. Wellness coaches help clients handle health issues and meet their fitness goals.

Business coaching is a very big category. It primarily involves coaching clients through entrepreneurship challenges. They also help marketing and salespeople get improved results.

Remember, the coaching categories mentioned are the most common. But you can get creative with your company’s niche. Smaller niches limit target customers but also reduce competition. 

Create a Website

Purchase a domain name once you’ve selected your type of business. Choose a custom website design that matches your coaching company’s brand and target customer.

A coaching website informs potential clients about your service. They’re also used as a portal for supplemental content for clients.

Service Basics

Your site should have a coaching channel that provides scheduled face-to-face video sessions. Number and date each session for invoicing.

Provide supplemental resources to paying clients on your site. Also, make sure you have an easy way for clients to contact you.

Decide what to charge for your coaching sessions. Research and compare other life coaching services. Charge enough to make your business look legitimate but more than an average client can afford. 

Consider requiring clients to sign up for a minimum number of sessions. Short-term plans that are less expensive per session appeal to clients.

Marketing Your Business

Use social media to find potential customers interested in your coaching services. Consider using pay-per-click ads to reach these potential clients.

Use lead magnets like a free trial to give a small sample of what your coaching business offers. Have clients sign up for a newsletter to qualify for the trial. This strategy helps boost email marketing for your service.

How to Start an Online Coaching Business

Now you know the basics of how to start an online coaching business. Choose your niche, make a site, define your service, and market to potential clients.

Remember this guide and start building a successful online coaching business. Check out the rest of our site for more helpful finance, lifestyle, and online marketing tips.