Coaching is a $2.85 billion global industry. Life coaching is growing fast. Between 2015-2019, the number of life coaches went up 33%. There are 23,000 certified coaches in the US (71,000 worldwide).
In this post
What is the future of life coaching?
The future of coaching is brighter than ever. In 2019, the coaching industry was worth $15 billion, with a total market value of $7.5 billion in the United States. The market is expected to reach $20 billion this year, based on a 6.7 percent annual growth rate from 2019 to 2022.
Is life coaching popular?
In terms of growth, life coaching is the second fastest growing industry in the US (just behind IT, of course!), and it’s seeing increased demand in all 50 states. According to the ICF, there were 23,300 coaching practitioners on North America’s books as of 2020.
What type of life coach is most in demand?
The 100 most profitable coaching niches today
- Life coaching.
- Mindset coaching.
- Financial coaching.
- Relationship coaching.
- Weight loss coaching.
- Nutrition coaching. A nutrition coach helps people eat better.
- Public speaking coaching. Public speaking coaching helps people improve their speaking skills.
- Productivity coaching.
Is coaching growing?
The Coaching Industry is valued $15 billion in 2019, with a total market value of $7.5 billion in the United States. The market value is estimated to reach $20 billion by 2022, with an average annual growth rate of 6.7 percent from 2019 to 2022.
Are life coaches still a thing?
Life coaches are having a moment, in other words. In its latest Jobs on the Rise report, LinkedIn lists “professional and personal coaches” as one of the 15 career categories showing the fastest year-over-year growth from April to October 2020, with hiring for these roles growing more than 51% since 2019.
How big is the life coach market?
Life Coaches in the US – Market Size 2005–2028
| $1.4bn | Life Coaches in the US Market Size in 2022 |
|---|---|
| 0.1% | Life Coaches in the US Market Size Growth in 2022 |
| 3.2% | Life Coaches in the US Annualized Market Size Growth 2017–2022 |
What is the average age of a life coach?
20-30 years old
Life Coach Age Breakdown
Interestingly enough, the average age of life coaches is 20-30 years old, which represents 32% of the population.
Who is the richest life coach?
Tony Robbins is a life and business coach, known for his bestselling books and audio tapes and his list of high-profile clients. He owns 33 companies and directly runs a dozen of them. He expects to generate $6 billion in annual revenues this year.
How many clients does the average life coach have?
According to the ICF, active coach practitioners are serving 11.7 clients at a time. For life coaches with 10+ years of experience, the average number of active clients is 15. But for life coaches with less than a year in practice, their average is 6 clients.
Is life coaching saturated?
The life coaching industry has grown exponentially but is not saturated.
Do life coaches make a lot of money?
Life coaching is a growing field with many opportunities. The U.S. Bureau of Labor Statistics (BLS) includes life coaches in the category of educational, guidance, and career counselors and advisors, who earn a median salary of $60,510 a year, with an overall range of $37,550 to $98,190.
What percentage of life coaches are successful?
51% of companies with a strong coaching culture have higher revenues than other companies in their industry. 68% of individuals who hired coaches were able to make back their investment. The median ROI is 7x the investment. Coaching can have a 221% ROI.
What is the demand for coaching?
Employment of coaches and scouts is projected to grow 26 percent from 2020 to 2030, much faster than the average for all occupations. About 45,100 openings for coaches and scouts are projected each year, on average, over the decade.
How fast is coaching growing?
The market size of the Business Coaching industry in the US has grown 2.8% per year on average between 2017 and 2022.
How do life coaches find clients?
4 Step Process to Find & Close Coaching Clients on LinkedIn
- Step 1: Adding Connections. The first step is finding your niche participants on LinkedIn and adding them as connections.
- Step 2: Engage in Conversation.
- Step 3: Advance to a Quick Chat.
- Step 4: Close on a Sales Call.
Is life coaching a pyramid scheme?
The hard part about life coaching as a business is getting clients. However, marketing is a skill you can learn given enough time. Life coaching is legit. It’s not a pyramid scheme and you can build a sustainable business without having to coach other coaches.
What type of person becomes a life coach?
Your positive attitude needs to be inspiring to inspire your clients by your belief in them. Be passionate and empathetic with a desire for helping others – this trait allows you to understand your client’s emotions and barriers to success.
What is the target market of life coach?
I have found that high income households, and 25-34 year olds are the target market for the industry, with people most likely to be seeking coaching to optimise individual or team performance. Below you will find a deep dive into my research, along with all the details as to how I came to this conclusion.
Are life coaches worth it?
While hiring a life or executive coach can be a powerful solution to help you solve personal or business issues or attain goals, it’s not a miracle fix. Working with a coach is likely not worth the money when you: Want someone to listen to your problem and explore your feelings. You may need a therapist instead.
Why is coaching growing so popular?
Why have coaching and mentoring programmes become so popular? Hartwick suggests it’s about getting more individual and immediate-need learning. “It’s also longer-term and provides access to someone who is independent and who brings a different perspective to the process,” he adds.