Are you in a space where you are in awe by the success of coaches around you? Do you want to gaze at the success metrics of these successful coaches?
Let me tell you are not alone in this quest. Today all are eager to become a successful coach. But do you think to get success as a coach is difficult? It’s difficult but not impossible.
What makes someone a successful coach?
Successful coaches are not born but are created. You can observe their qualities by being around them. I had the opportunity to meet some successful coaches through my work and that helped me learn a lot.
As per my experience, no one can be a successful coach overnight. It requires a mindset shift to take that leap in your career.
The fire in your belly should match with the right audience, team, associations to be a successful coach. This process takes time, patience and perseverance. So, don’t worry and have faith in your dreams.
I am sure my learnings of successful coaches will definitely give you some insight to be the next one.
Before I share the learnings let me give you a brief about successful coaches.
Are you ready to explore this ride? So, let’s start…
Who is a successful coach?
A successful coach is someone who helps you identify your goals. A coach is the one to develop an actionable plan to achieve them. Do you want to help people compete as a world-class athlete for instance?
To achieve it you need the experience. Also, enthusiasm, support, aim, perspective and insight of a coach is a must. This applies to CEOs, entrepreneurs, business leaders, executives, and business professionals too.
Thus, a successful coach is someone trained to help maximize full potential. He or she helps people in reaching the desired results.
What does a successful coach do?
A successful coach definition can vary depending on what your specific goals are. A successful coach encourages and counsels clients on different professional and personal issues. Coaching is distinct from giving advice, consulting, counseling, mentoring and administering therapy.
One can hire a coach to help with specific professional projects. Also, the coach helps in personal goals and transitions. A coach will help you to grow by analyzing your current situation. The coach even identifies limiting beliefs and other potential challenges you face. It leads to devising a custom plan of action. It helps you to achieve specific outcomes in your success.
The relationship between clients and coaches is a creative partnership that seeks to:
1. Identify, clarify and create a vision for what the client wants
2. Use a coach’s expertise to change goals as needed
3. Encourage client’s self-discovery and growth
4. Nurture and evoke strategies. Create a plan of action based on what fits best with the client’s goals, personality, and vision
5. Foster client accountability to increase productivity
These aspects of the process work together to allow the client to maximize his/her potential. Also, research shows that coaching and training is an effective combination. Also, training alone can increase productivity by 22.4%. But when it gets merged with weekly successful coaching, productivity moves up to 88%.
Find a niche to be a successful coach
Finding a niche helps you either focus on ONE service or ONE industry.
You must be thinking why having a niche is so important, then answer the below questions….
Do you want to live your life on your own terms by working less and earning more?
Do you want to command premium prices for your services?
Do you want to scale your business faster?
Do you want to attract collaboration opportunities?
Is your answer `Yes`, then setting a niche will help you achieve all the above targets.
It is good to set your niche area when you start.
Clients have specific needs rather than general.
Here, I would share an example. Let us say you had a rare form of heart disease. Will you go to a general physician or a specialized doctor? I hope this never happens to you but did you get the crux?
A similar case happens in the coaching industry. If you are more specific to your clients, you can serve them well and get paid.
But how to uncover the industry or niche?
I would like to share it using some of the examples which involve my client’s experiences.
A guy named Tad had a unique approach to marketing. He tried to help businesses which failed due to unsteady customers. Thus, for him to become a successful coach, it was essential to develop his skills in the marketing niche.
Another case is of a lady named Jenny. She was inquisitive to find out about people in difficult relationships. The struggle was people do not look for a coach in such situations. But, Jenny knew that she had to focus on different groups of people. She managed to achieve success in relationship coaching.
Niche gives clarity to your clients about your skills and its easy for them to connect. Selecting a niche will help you to target the right audience for your coaching practice.
Are you looking for a comprehensive guide for coaching niche? Check out the ultimate guide to finding your coaching niche to upscale your business.
Hence, for you to achieve success in the coaching world, you must choose a particular niche. This way you can earn 10,000 dollars a month and get impressive results too.
Do you need certification to become a successful coach?
There is no formal education needed to become a successful coach. Any person who wants to be a successful coach can become one. There is no age or educational background barrier. It is an industry that has a bit of little regulation, despite its pace of growth.
Someone may say they are a successful coach, but, that doesn’t mean they have the skills to practice. That’s why many successful coaches do certifications.
Successful life coaching is a complete natural career choice for many. Some may choose it as a second career. It’s a career that requires compassion and good listening skills.
You also need the ability to solve problems with a creative aspect. There are no such legal standards required to become a successful coach. But, certification is available through the International Coach Federation (ICF).
Certification will provide a set of standards and experience that coaches should achieve. Though not mandated, it’s the closest thing the industry has to have as legal requirements.
Certification is from the International Coach Federation (ICF). ICF sets some standards and accredits programs that deliver coach-specific training to all.
By getting certified gives successful coaches a leg up over those who are not certified. This is because many clients choose to work with someone who has a certificate. To get certified by ICF, a successful coach should complete the following:
-Coach skills training
There are various organizations or agencies available who provide successful coaching certification. ICF is the only legitimate credentialing institute.
How much does a successful coach earn in 2021?
You must be thinking about how much you can earn after becoming a successful coach? Right?
The research tells, 63% of coaches make between $11,000 and $40,499 per year. But, those who are successful can earn $72,919 up to $335,500 a year.
I have seen coaches charging different fees depending on their experience.
A certified and successful coach salary ranges from $27,019 – $210,933.
The average salary of a coach in North America as of 2021 is $61,900.
The average income globally is $51,000.
The average income of a successful coach in different countries is:
North America $61,900
Latin America & the Caribbean $27,100
Western Europe $55,300
Eastern Europe $18,400
Middle East & Africa $35,900
On an average one-hour session may earn you around $231.
But, fees quoted per one-hour session vary by coach experience
10+ years $321 per hour
5- 10 years $256 per hour
3 – 4 years $194 per hour
1 – 2 years $152 per hour
Less than 1 year $128 per hour
The average client that a coach maintains at one time is 10.
The coach works for 13 hours a week on average.
75% of Coaches always expect to see an increase in clients and revenue within the coming year.
Are you still struggling to sell your coaching programs then do read how to grow your coaching practice to get more tips.
World’s top successful coach you must follow
Do follow successful coaches as they act as a catalyst to your journey. There are many successful coaches and you can follow all of them to upscale your business.
Coaches help people to achieve success.
Who are these coaches?
Who are the top 5 successful coaches you can follow?
Here is the list…
He is a successful executive coach. He has done enormous work in developing growth strategies for various businesses. He has also written books dealing with economic strategies. Are you wondering what different he is doing?
His key to success is that we give more if given with some kind of purpose. He has dealt with every type of business question. This is where his success lies.
Founder of E-Myth, Gerber has helped various small companies transform into world-class operations. Why his coaching business is so successful? This is because his business E-Myth does not rely on him as he has given it to others. After that, he has not stopped. He has created another venture the dreaming room for young entrepreneurs. Yes, you too can create such a niche industry with proper vision and passion.
She had created a self-help program- Attacking Anxiety and Depression. Bassett with the program has achieved success as a motivational speaker. Her success lies in her ideas. Also, she has shared her personal life experiences through entertaining presentations. Today, many see her programs. It includes individuals, corporations, doctors, hospitals, and major universities. She has also shared her expertise on shows such as Oprah Winfrey.
One of the well-known Canadian entrepreneur, author, speaker as well as personal and professional development trainer. Do you know what his net worth is? You may get awestruck knowing that his net worth is 15 million dollars. What are his goals? He helps various people to achieve their goals at a faster pace. What are his achievements? He has created more than 300 audio and video-learning kits which include the worldwide bestseller ‘Psychology of Achievement’. He has developed an amazing university to train individuals to achieve financial freedom.
An American leader who has written various management books said: “People who believe they can succeed see opportunities where others see threats.” Hence, he made leaders believe in themselves. His methods are practical as well as proven. He believed to achieve success one should focus on other people. Hence, he emphasized on how future leaders are born.
Top 10 Qualities the Successful life Coaches Own
What kind of qualities make for the very best coach? Many of us can agree that the best coach is an individual who is a winner on and off the playing field. It does not matter the sport, event or activity here. But what are the ingredients that need to equate into a standout coach of this sort? Here are some important qualities that all the best coaches have.
1. Drive to be a successful coach
Some call it passion while others may refer to it as drive or motivation. It is a fact that a driven and motivated coach is many times a winning coach.
As it is well-known, we are all best at what we do when that is something we are completely driven toward. Personal passion is one of the most powerful drivers to the success of them all.
Job security, a noteworthy record, and even fandom can also be weighty drivers.
Ask questions like:
How do your clients perceive you?
Are you approachable at the client’s convenience?
Without integrity, the uncontrolled drive can lead to a very toxic environment. One may face bad situations and a wretched final determination in the popular annals of history.
One of the most extreme examples of this is the public Penn State coaching debacle. All said and done, several winning coaches seemed disingenuous. It led to great harm to some of their players behind-the-scenes.
Winning is great but must never come at any cost. Coaches should seldom lead by example. Also, they should maintain a good moral compass. This may override the often blinding importance of the win.
Leading by example and maintaining focus on what’s important at the end are some of the best approaches a coach can take in the crucial area of integrity management.
Being a great communicator means being able to convey the precise thoughts and meanings one always desires to share with their intended audience.
So by viewing in this way, coaching is all about communication. Thus, it’s in the best interest of any coach on the road to greatness to develop a high level of skill.
Meanwhile, it’s important to also note that communication consists of two factors. These are message conveyance as well as proper message receipt.
This means that even if you are the very best talker or speech-giver if you aren’t a good listener, you will miss a lot. Great coaches are great receivers and broadcasters alike.
The compassionate and humble coach always understands what players and adversaries feel and think.
Don’t you feel this extra insight as a coach makes you even more valuable in all the means of strategy and forecast?
Acting on that insight in a caring and respectable way makes them even greater as a coach and as a human.
5. Experience of a successful coach
In the end, let’s not forget the experience of the coach in this particular pursuit. After all, it is an experience that generally teaches and further ingrains the above-mentioned qualities apart from other features.
While it’s true that, on occasion, a natural prodigy comes on the scene, the experience will always prevail. For the new coach, never despair – every day as it is a new pocketful of experience gained. This is how the greats become the greatest with time.
Coaches are the direction-providers for those they teach and lead. Not all have equal qualities. But those possessing varied qualities will always excel beyond the rest of the crowd.
Do you have a passion to help others? For instance, think back when you were at school. Imagine how your favorite teacher was. Did you like the way he or she inspired you? If yes, do you know why the teacher made you feel so fascinated by him or her?
This is because the teacher was passionate about the work.
If you as a coach stay demotivated, will you expect your team to get passionate? Of course not.
Ask yourself questions like:
What are you most passionate about?
Which things inspire you when you feel bored?
I have found many who are eager to become a coach but lack the passion in a particular field. How can you achieve success without that zeal to solve problems?
You need to be passionate about your work to coach with full passion.
As a coach, you need to understand what your client is going through. But do not get too emotional.
For example, I had a frustrated client. If I would have shown him too much sympathy, the conversation would turn less effective.
Will I be able to consult him?
No, because I am trying to experience the same emotions. Rather, I kept it logical and kept emotions detached from his feelings. I kept all my bias out of coaching.
You can begin by identifying the areas where you are becoming biased. With time you develop the skill to become more logical.
8. Keep challenging yourself
A successful coach often set different challenges. They often search for answers to questions like:
What do they want to do? How different the task is? How challenging it is?
I have met such coaches and it was thrilling to see their confidence. They had bigger dreams. Hence, I learned that you need to keep on dreaming as that is when you are motivated. Imagine the line of clients waiting at your office door.
Do not fear the negative consequences. Do you think you can end them? No. Think positive like the feedback you received on your various achievements. This works as a motivation factor. They keep on inspiring clients to improve performance.
9. Flexible in approach
Do you think a successful coach sits on a comfortable couch at their office and deal with the clients?
Sorry but this may not be seen always. It may happen that the client will approach when you have least expected it. Hence, what are the options in such urgency?
You may have to do a video call or have a meeting at a client’s place. Hence, that is when flexibility is crucial.
10. Amazing ideas
This is the quality that I love the most about successful coaches. I have seen coaches carrying a notepad where they write new ideas. Innovation in the coaching method is the major attribute of coaches.
You can change methods or design new ways of coaching. You will move towards growth and surpass your competitors.
So, try to follow the above qualities of successful coaches as that will help you to attain your goals.
I hope you have noted down the above points to move towards the path of becoming a successful coach.