What is career coaching?
Coaching is a wide-open field … relatively untapped, personally enriching, eternally important, with great profit potential.
Career coaching pairs two disciplines—professional coaching and career management — into a powerful and productive relationship where coaches help people create a career filled with purpose, fulfillment, financial rewards, and fun.
Career coaches provide a firm foundation of support and an exciting incubator setting for people who are developing, transitioning, or managing their careers. The coaching relationship can encompass…
- #7 – losing a job
- #9 – retirement
- #14 – readjustment in business
- #17 – career change
- #21 – change in responsibilities
Who needs a career coach?
- want more from their career—whether greater purpose, challenge, advancement, or income
- need help clearing the decks of obstacles and behaviors that keep them from making change happen
- want a foolproof plan for identifying their marketable skill set, how it applies to different industries, and how to tap the hidden job market
feel stuck in a stalled career, with inadequate financial reserves to quit their current job or pursue additional training
- are qualified for new opportunities, but keep losing out because of an anemic resume or milquetoast interviewing skills
- want to jump-start a stalled career, whether with a current employer or in a new setting
- are frustrated with living the career goals of someone else (a parent, spouse, friend)
How are coaching services delivered?
Career coaches can deliver services via
- individual coaching (by telephone, in person, by email)
- group coaching
- onsite training
- outplacement workshops
- keynote presentations
Without question, telephone coaching is a popular and effective medium for coaching. It¹s not unusual for coaches and clients to live in different states, different time zones, and even different countries. The benefit? Clients aren’t limited to searching within a 30-mile radius for a career coach who is a good fit for their personality and situation … coaches can work efficiently from any location, leverage their time, AND have an unlimited market base of potential clients.
The length of the coaching engagement depends on the client¹s goals. Most clients can see major progress in two or three months; others require six months or more to accomplish their goals.
What do coaches get paid?
Coaches typically base their fees on the number of sessions to be conducted per month. Although fees vary, an average range for weekly sessions ranges from $200 to $500 per month. Sessions typically last from 30 minutes to an hour.
Coaching for corporate clients commands higher fees due to the intricacies of working with a more complex organizational structure.
Experienced coaches who make healthy six-figure incomes have usually developed some type of passive income stream. Participating in affiliate programs, writing books, offering group telecoaching, and creating and selling products are several examples of passive income.