What are appropriate fees to pay for life coaching?

While I was training to be a life coach, I struggled with what was a fair price to charge my clients and with how much I was willing to pay for my own life coach. I found it easy to get “sticker shock” when looking at life coaching fees. I found relief by first determining the benefits of life coaching for me. I don’t mind spending money if I am getting something of value. It is important that an evaluation of life coaching fees takes  into account the strengths and weaknesses of each life coach that you are considering. This means that it is a good idea for you to partake in the free evaluation life coaching session that most life coaches offer. Some of the calls may feel like you are buying a used car. Just keep in mind that the call is free and try to enjoy the experience. After each call, rate the life coach based on the questions below and then determine how much you are willing to pay for life coaching sessions.

Questions for Evaluating Life Coaching Fees 

1. Will the life coach assist me in making an immediate change in my life or will it take several life coach sessions before I notice any benefits?
2. Will the life coach help me improve the way that I am feeling?
3. Can the life coach help me define a better way for getting my obligations done?
4. Does the life coach have information that I don’t have easy access to?
5. Does the life coach have experience in the areas where I want to improve?
6. How much will I enjoy talking with the life coach?
7. What are the benefits to me simply in having a partner to listen and hold me accountable?
8. What would be the opportunity cost of the life coaching fees? Is there a better way for me to spend the money right now?
9. How coachable am I at the moment? Will I get the most out of the life coaching session?

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Hugh Russell helps individuals, small businesses and non-profit agencies identify, implement and sustain improvements. You can e-mail him at hugh.russell@project-transform.com or visit the Project-Transform web site for access to more resources.