Top 9 Profitable Coaching Niches Today (2022)

Learn about the top 9 most profitable coaching niches and find out how much you can make when you choose any of the most in demand coaching areas.

You know already that there are different niches of coaching and that some niches are still fresh out of the oven, while others are burning.

As a coach or a would-be coach, you need to understand the role of your niche in determining your career as a coach as well as your success in the short and long-term.

What niche are you coaching in?

If you are just starting, what niches are you considering?

9 of the most profitable coaching niches include life coaching, business coaching, career coaching, health coaching, financial coaching, sales coaching, executive coaching, leadership coaching, and performance coaching.

This will play a vital role in your career and success.

To this end, here is an article to show you the 9 most profitable coaching niches.

Let’s learn!

Table of Contents:

9 profitable coaching niches (most in-demand coaching)

    1. Life Coaching
    2. Business Coaching
    3. Career Coaching
    4. Health Coaching
    5. Financial Coaching
    6. Sales Coaching
    7. Executive Coaching
    8. Leadership Coaching
    9. Performance Coaching

1. Life Coaching

Top 9 Profitable Coaching Niches Today (1)

You might well be wondering what in the world a life coach is.

Well, simply put, a life coach is a kind of wellness professional who helps individuals achieve progress in their lives to attain greater fulfillment.

A life coach helps the clients to improve their relationships, careers, and even the other aspects of their day-to-day lives.

How does this happen?

A life coach helps you clarify your goals, identify the obstacles holding you back, and then he or she comes up with the best strategies to help you overcome these obstacles.

Beyond creating the strategies, the life coach brings into consideration your uniqueness, including your skills and gifts.

This way, the life coach helps you to achieve long-lasting change in your life.

There are different types of life coaches.

While some life coaches take on a general approach, others choose to specialize and narrow down to specific areas.

Some types of life coaches include:

  • Addiction and sobriety coaching
  • Dating and relationship coaching
  • Diet and Fitness Coaching
  • Divorce Coaching
  • Family Life Coaching
  • Health and Wellness Coach
  • Life Skills Coaching
  • Mental Health Coaching
  • Spirituality Coaching
  • Sports Coaching

A coach is different from a life therapist.

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A therapist has a degree and is licensed in a related field, but a life coach does not need any formal qualifications or academic training.

A therapist has to stick to ethical codes and health practices whereas, a life coach is not required to follow any health privacy laws.

Life coaches get paid an average of $32.10 per hour and make an average of between $28,000 to $265,000 per year.

2. Business Coaching

Top 9 Profitable Coaching Niches Today (2)

A business coach assists and guides the business owner in running a business.

She or he does this by helping the business owner clarify the vision they have for their business, as well as how it fits in with their personal goals.

Business coaching is a strategic tool that is used to take a business from one point to another.

It is a process used to take a business from where it is presently to where the business owner wants it to be.

Coaching is different from mentoring.

The difference lies in the fact that a mentor focuses on advising while a coach assists the business owner to plan their goals and keeps them accountable so they can achieve success.

Business coaches help their clients to build actionable plans.

After clarifying where the business owner would like the business to get to, the business coach then helps them to plan and prioritize which goals will move the business closer to the destination in mind.

A business coach will also meet the business owner regularly, either weekly or monthly, to keep them on track with the commitments they have made in the past coaching sessions.

The salary range of a business coach typically falls within $69,855 and $101,120 per year, but the average business coach earns at least $82,656 a year.

3. Career Coaching

Top 9 Profitable Coaching Niches Today (3)

Career coaching is a sort of personal coaching.

This type of coaching helps people to find greater fulfillment in their careers by establishing professional goals, creating a plan and helping them overcome the obstacles that could be standing in the way.

Career coaches help people with a wide array of career-related issues or goals.

Whether it is a person stuck in a dead-end job or a person who knows what to do but does not quite know the strategies to execute with, career coaches help people make progress in their careers or even transition or switch between careers or phases of careers.

Career coaches help in various personal career development strategies like:

  • Career exploration
  • Salary negotiations
  • Career, personality, and strengths assessment
  • Interviewing skills and confidence
  • Resume and cover letter writing
  • Evaluating prospective employers
  • And much more.

The average pay per year for career coaches is about $43,727.

The total pay for career coaches ranges between $31,000 to $93,000.

4. Health Coaching

Top 9 Profitable Coaching Niches Today (4)

Who is a health coach?

A health coach is a trained professional who works with clients in a group of 1, 2, 1 set.

A health coach helps or enables their client to make long-term positive health changes through good advice, motivation, and support.

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Health coaches are trained in the essentials of nutrition, fitness, coaching, and business.

They are trained to help clients identify and cause a change in these key 4 areas of their life to improve overall health: nutrition, physical activity, relationship, and personal goals.

Health coaches work with groups of people although they can also do personal coaching, which will cost more than group coaching.

They also deliver health talks to motivate their clients to stay positive about the health changes they are embarking on.

A health coach also writes books and health articles that help to make a long-lasting and positive health change in the lives of people.

In the long run, this helps people to achieve overall health.

A great health coach needs to be full of valuable knowledge on health, fitness, lifestyle, and communication.

This helps them to be able to impart that knowledge to their clients which they, in turn, implement to improve their lives.

On average, a health coach gets paid $20.52, and the rates for an hour fall between $15 to $40.

The total pay per year ranges between $33,000 to $74,000.

5. Financial Coaching

Top 9 Profitable Coaching Niches Today (5)

A financial coach is a coach who helps people with their finances.

The financial coach educates the client and helps them to examine their relationship with money, habits, emotional issues, and patterns.

A financial coach helps to build awareness around spending habits.

They help to instill better spending habits like working and sticking to a budget to help the client manage their expenditure.

Financial coaches see money as a tool rather than a goal, so they provide opportunities to help the client explore and define the life they want seeing money as a tool.

The financial coach also helps the client to explore their money emotions and behaviors.

A coach’s job includes helping clients to identify their patterns of behavior around money.

This also means looking at their beliefs about money which lie at the root of the results they see in financial life.

The coach also helps the client to address their tough financial problems, create an emergency fund, manage debt, and draw a plan to pay it off.

The financial coach also helps the client to develop a spending plan and budgeting system.

He or she is also responsible for providing follow-up and support for the client.

This means being there when they have their moments of weakness, for emotional support, clarifications, and more.

The average financial coach earns $46,112 but the salary falls between $40,707 and $53,461.

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6. Sales Coaching

Top 9 Profitable Coaching Niches Today (6)

Who is a sales coach?

A sales coach takes people through the process of setting and hitting their sales goals.

These goals will include closing deals, hitting targets, generating revenue, and more.

Usually, people in sales know what they want, but the path down to getting it done is not often clear.

This is where a sales coach comes in.

Sales coaching is a formal way of individualized teachings to improve sales performance.

Sales coaches guide sellers to discover the best way to achieve the objectives, correct behaviors that don’t let these goals get achieved, reinforce supportive behaviors that lead to the success of the goals, and develop the skills of the sales team beyond just bosting numbers.

Sales coaching must include the following:

  • An established trust created between the sales coach and the sales representative
  • Regular one-on-one meetings between them
  • Knowledge sharing between the sales coach and the sales representative
  • Data-driven coaching to help maintain accountability
  • Tailored coaching for individual sellers
  • Lots of questions
  • Reinforced coaching discussions

A sales coach makes an average of $50,904 per year and about $24 per hour and the numbers keep increasing. It is a lucrative coaching niche.

7. Executive Coaching

Top 9 Profitable Coaching Niches Today (7)

An executive coach is a professional who is qualified to work with individuals, usually, executives and high-potential employees to help them gain self-awareness, clarify their goals, achieve their development objectives, unlock their potentials, and deliver as a soundboard of executives.

An executive coach is not necessarily a consultant or therapist, although some have these backgrounds.

They refrain from giving advice or solutions but ask questions that help executives to clarify and solve their problems.

Executive coaches provide a confidential and supportive sounding board for their clients.

They ask the right questions, challenge their client’s assumptions, help them to achieve clarity, provide the needed materials and resources, and sometimes with the permission of their clients, give them advice.

Becoming an executive coach does not require a lot.

You do not even need to be certified, although having a certificate does give you an edge.

Any retired consultant, ex-HR, or therapist can become an executive coach.

Many companies need executive coaching for the executives and they are willing to hire them to even be their coaches.

Mostly, the executive coach is used as a part of an executive development program and they help to move the company forward.

In a report from the Conference Board in 2012, Executive coaches make an average of $200 to over $600 per hour.

The Harvard Business Review in 2009 placed the average coach’s Cost to be $500 per hour with a range of $200 to $3500 per hour.

This is quite lucrative as a niche to be considered in coaching.

8. Leadership Coaching

Top 9 Profitable Coaching Niches Today (8)

Leadership coaching is about the individual, a process of development for leaders which is achieved in partnership with a coach.

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The coach from the onset believes that the leader has unlimited potential to achieve a goal or the outcome that they have in mind or have set for themselves.

The role of the coach is to help the leader remove the obstacle standing in the way of the leader reaching or attaining their goal.

This is achieved through attentive listening and careful questioning.

Usually, people know what they want, but they are not sure, so the right questions help them gain clarity.

The coach gets down to the level of the pleader while at the same time maintaining objectivity.

This helps them to be able to help the leader work through whatever obstacle in the way of their attaining their set goals.

A leadership coach receives an average of $40,089 per year with a range of $27,000 being low, $40,000 being average, and $63,000 being high.

9. Performance Coaching

Top 9 Profitable Coaching Niches Today (9)

A performance coach is a coach whose expertise lies in helping people enhance their ability to do something.

Performance in this sense refers to just about anything: the performance of a job, task, sport, project, and anything.

Performance coaches work with HR Managers lawyers, musicians, doctors, dentists, business leaders, actors, writers, directors, and more.

Performance coaching involves a series of conversations or sessions in which the person being coached is encouraged to set achievable goals, raise their self-awareness, identify and overcome obstacles, plan and prepare, as well as use the right tools to get the best out of their career.

Performance coaches make an average of $4,000 per year with a range of $28,000 as low and $68,000 as high.

Conclusion

We hope you have found this article useful, and it has helped you gain clarity in your choice of a niche to consider in your career as a coach.

Let us know in the comments.

Good luck!

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FAQs

What types of coaches make the most money? ›

And you will get the list of micro-niches within that type of coaching for you to really hon in into which how you want to niche yourself and what type of coaching you want to get into.
...
Spiritual coaching
  • Spiritual Coach. ...
  • Meditation coach. ...
  • Reiki Coach. ...
  • Mystic coach. ...
  • Zen coach. ...
  • Rebirthing coach. ...
  • Manifestation coach. ...
  • Soul Coach.
3 Oct 2022

How do I choose my coaching niche? ›

Discovering your coaching niche is an ongoing journey, which you'll refine and develop even further as you gain more experience and skills. Be open and confident to change.
...
Ask yourself:
  1. What am I passionate about?
  2. What do I love doing?
  3. What am I specifically drawn towards?
  4. What feels natural?
24 Feb 2020

What type of coaching is most effective? ›

Executive leadership coaching is one of the most common and widely understood types of coaching in the workplace. It's an effective way to strengthen the performance of your most important leaders, assist them in making key transitions, and enable them to alter behaviors that may be hindering their performance.

What are 4 careers in the coaching field? ›

Turn a desire to help others reach their potential into a fulfilling profession by pursuing a career as a coach.
...
Top coaching jobs
  • Behavior coach. ...
  • Personal trainer. ...
  • Career coach. ...
  • Head coach. ...
  • Soccer coach. ...
  • Business coach. ...
  • Education specialist. ...
  • Executive coach.

How can I make a lot of money as a coach? ›

5 Ways to Make More Money as a Coach or Consultant
  1. Create a niche for yourself. ...
  2. Create a digital footprint. ...
  3. Focus on network marketing. ...
  4. Offer complementary services. ...
  5. Build long-lasting relationships.
21 Oct 2016

Who highest paid coach? ›

Here's what we know about how much each coach is making in 2022:
  1. Sean McVay, $15-18 million. ...
  2. Bill Belichick, $12.5 million. ...
  3. Pete Carroll, $11 million. ...
  4. Kyle Shanahan, $9.5 million. ...
  5. John Harbaugh, $9 million. ...
  6. Frank Reich, $9 million. ...
  7. Matt Rhule, $8.5 million. ...
  8. Mike Tomlin, $8 million.

What are the 3 main coaching styles? ›

The world of sport has three generally accepted styles of coaching: autocratic, democratic and holistic. Each coaching style has benefits, drawbacks and particular uses, and it's important to understand all three.

What are the 5 C's of coaching? ›

The child's personal and social skills are referred to as the 5 Cs (competence; confidence; connection; character and caring; and creativity). Sport and coaching can be a tool to support positive youth development.

What are the 4 pillars of coaching? ›

Skillful coaching can be broken down into the four key pillars of Evidence Based Coaching (EBC). These include: the coach's use of self, knowledge of the client, theories and models, and skills of the coach.

What are the 4s of coaching? ›

Structure, support, skills and strategies are the building blocks used in providing an ADD client with a complete coaching experience.

What are the 6 coaching styles? ›

According to Daniel Goleman, Richard Boyatzis, and Annie McKee, there are six emotional leadership styles – Authoritative, Coaching, Affiliative, Democratic, Pacesetting, and Coercive. Each style has a different effect on the emotions of the people that you're leading.

What is the future of coaching industry? ›

It is expected the market value to reach $20 billion by 2022 with a 6.7% average yearly growth rate from 2019 to 2022. Moreover, according to PwC, the Coaching Industry was the second fastest growing sector in the world. It is estimated that there are currently 5,86,292 coaches worldwide in 2019.

How do coaches attract clients? ›

7 Ways to Attract More Clients for Your Online Coaching Business
  1. Carve Out a Specific Niche. ...
  2. Incentivize Referrals. ...
  3. Optimize your Social Media Presence. ...
  4. Write and Publish Thought Leadership Pieces. ...
  5. Email Marketing. ...
  6. Paid Advertising.
8 Jul 2022

What is coaching trending? ›

Relationship Driven Approach

Effective coaching stand on the tripod of trust, bond and strong relation. You can expect 2021, to continue the coaching trend of building authentic and meaningful relationships.

How much should a coach charge per hour? ›

New coaches that are just starting out charge around $50 – $75 per session. More experienced coaches charge $100 – $200 per session. There are also coaches that charge by the package ($1,200 – $2,400) so there is quite a range.

How do life coaches make millions? ›

16 Ways to Make Money as a Life Coach
  1. 1-on-1 coaching.
  2. Group Coaching Programs.
  3. Motivational Speaking.
  4. Host Seminars.
  5. Host Webinars.
  6. Online or Offline Workshops.
  7. Write Personal Development Books.
  8. Create Personal Development Audio Books.
21 Oct 2021

Who is the lowest paid coach? ›

By contrast, the lowest-paid head coach that has been made public is Kevin Stefanski, who is the head coach of the Cleveland Browns. Stefanski makes an annual salary of $3.5 million.

Who is the richest coach on earth? ›

Carlo Ancelotti is the Premier League club Everton manager and the world's wealthiest managers.

Who is the highest paid coach in 2022? ›

With new contract, Nick Saban again tops list of 12 highest-paid college football coaches for 2022
  • Nick Saban agreed to a $93 million extension that makes him the highest-paid coach in college football.
  • Saban's new extension tops Kirby Smart, who had previously set the high mark.
24 Aug 2022

What are the 7 steps of coaching? ›

Coaching is a different approach to developing employees' potential.
...
7 Steps to Coaching Your Employees to Success
  • Step 1: Build a Relationship of Mutual Trust. ...
  • Step 2: Open the Meeting. ...
  • Step 3: Get Agreement. ...
  • Step 4: Explore Alternatives. ...
  • Step 5: Get a Commitment to Act. ...
  • Step 6: Handle Excuses. ...
  • Step 7: Provide Feedback.
1 Nov 2011

What is the golden rule of coaching? ›

In summary, effective coaching is about focusing on the coachee, building a trusting relationship through demonstrating attention to their needs, seeking to understand them rather than judge, listening to what they say, and encouraging them to come up with ideas on how to move forward.

What are the 5 characteristics of successful coaches? ›

The Five Characteristics of a Successful Coach
  • 1) Expertise.
  • 2) Enthusiasm.
  • 3) Curiosity.
  • 4) The Ability to connect with People.
  • 5) Presence.
  • Conclusion:
13 Feb 2021

What are the 7 qualities of an effective coach? ›

  • An effective coach is positive. ...
  • An effective coach is enthusiastic. ...
  • An effective coach is supportive. ...
  • An effective coach is trusting. ...
  • An effective coach is focused. ...
  • A good coach is goal-oriented. ...
  • An effective coach is observant. ...
  • A good coach is respectful.

What are the 3 dimensions of coaching? ›

In Creative Coaching Across 3 Dimensions, you will learn how to masterfully coach Skillset (1st Dimension), Mindset (2nd Dimension), and Heartset (3rd Dimension).

What is the 3 step coaching method? ›

Discovery, Planning, & Management. I developed a 3-step process for my individual coaching clients. This process helps you overcome challenges by discovering more about yourself, designing value-based goals, and taking positive action.

Is coaching a profitable business? ›

Do you ever wonder whether coaching is a profitable business to invest in? Well, research suggests—the market size of online tutoring services is expected to grow at a CAGR of 15.96% from 2020 to 2025, reaching USD 14.76 bn.

Can you get rich as a life coach? ›

Life coaching is like any other business. You must do it right and it takes time to grow. You'll need to plan well so you don't run out of money before your business takes off. If you plan right you can certainly get rich as a life coach.

Is coaching a lucrative career? ›

A career in coaching allows you to do exactly what you love to do and what you're naturally good at, all while making a great living. Professional coaches see coaching as the ultimate “win-win” situation: helping others achieve their goals by working in a meaningful, purposeful, and lucrative profession.

How can I grow my coaching business? ›

Want support in growing your coaching business?
  1. Understanding your business goals + vision.
  2. Defining your ideal clients + their desires.
  3. Creating compelling offers that your clients want to buy.
  4. Clarifying your message to attract the right audience.
  5. Defining a marketing strategy that you can consistently execute over time.

What is the ROI of coaching? ›

The results of the ROI of coaching have ranged from 37% to 570% or even 689%. Although the upper end of those estimates seems rather exaggerated, renowned coaching researcher, Prof. Dr. Carsten Schermuly, has pointed out: even at the lowest estimate of 37% ROI, coaching would be well worth its investment.

Who is the most successful life coach? ›

Anthony Robbins is perhaps the most famous American author, coach, and speaker in the world today. His seminars have impacted over 50 million people from 80 countries and have been turned into a Netflix documentary film called I Am Not Your Guru.

What is the average age of a life coach? ›

There are over 3,597 life coaches currently employed in the United States. 67.5% of all life coaches are women, while 32.5% are men. The average age of an employed life coach is 34 years old.

How much should I pay a life coach? ›

Cost of Life Coaching

The typical range for personal life coaching is from $75 to $200 per hour, with an average cost of $120 per hour. Many coaches offer packages, such as $300 per month for four 30 minute sessions.

How do coaches get clients? ›

Want to Know How to Get Coaching Clients? Here are 10 Proven Ways to Get Your First Paying Client (Even if You're Starting from Scratch)
  1. Put Yourself on a Stage.
  2. Rub Shoulders at Relevant Events.
  3. Woo Potential Clients on the Phone.
  4. Enlist Friends and Family as Wingmen.
  5. Tap into Your Business Network.
23 Aug 2022

Is online coaching profitable? ›

High-Profit Margins and Revenue Potential

Online coaching, especially one-on-one coaching, is one of the most profitable eLearning business models out there. Many online coaches charge thousands of dollars for their programs or coaching sessions. As an online coach, you can set the price you want for your services!

What is the maximum qualification to become a coach? ›

Aspiring candidates who wish to join Bachelor degree in sports coaching should have passed 10+2 or equivalent examination securing a minimum of 50% marks (for some reputed institutions) in the aggregate preferably with physical education as one of the main subjects at +2 level.

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