Post by Julia Stewart, MCC
A really cool problem to have (in the sense that it's the kind of problem you WANT to have) is to not know how to set your life coaching fees (or business or executive coaching fees, as the case may be).
There are many approaches to setting your coaching fees, some psychological (what's the highest fee you can say out loud without gagging?) to financial (how much do you need to cover your business and living expenses, plus benefits, etc.?) to whimsical (how much do you WANT to charge?).
What most new coaches really want to know is, 'Am I worth it?', 'Am I credible?', 'Will they laugh at me?' These are great concerns to talk about with your mentor coach.
If you don't have clarity about your fees, you probably won't sign on paying clients. Either people will shy away, because you seem uncertain, or you'll hold back on offering your services, because you're confused. That's expensive, so get it cleared up.
One of my EMCHA clients asked me about this recently and I decided to design a class for him that covers it thoroughly, because coaching around a topic like this is important, but sometimes some plain, old-fashioned information helps, too.
This live one-time-only class is free to SCM members and it's also available for a small fee to others.
[UPDATE: This class is now over and is no longer available to non-SCM coaches. However, you can learn some of what we covered by downloading the FREE Life Coach Salary eBook, below]
Learn to set your coaching fees with confidence here: