Business Coach

How Profitable Is A Business Coach? (Updated for 2024)

Pat Walls

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Updated: October 5th, 2024

How Profitable Is A Business Coach? (Updated for 2024)

So you want to start a business coach?

And the first question that came to your mind was, “well, are business coaches actually profitable?”

Especially considering:

You could start a business coach with as low as $119
Based on our data, business coaches generate an average of $660K per year
You could see gross margins as high as 90% with business coaches

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a business coach.

Let’s dive in!

Is a business coach profitable?

Yes, a business coach is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $660K per year with an estimated gross margin of 46%, you could expect to recover your investment within 10 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your business coach.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your business coach is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a business coach worth it?

If you’re wondering if a business coach is worth it, the answer is a big YES. With business coaches, you have the potential to earn $660K per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a business coach to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful business coaches case studies.

Examples Of Profitable Business Coaches

Here are a few examples of profitable business coaches, and a few more details about them:

1. Jennifer Dawn Coaching ($1.2M/year)

Jennifer Dawn, the founder of Jennifer Dawn Coaching, came up with the idea for her business after being burned by marketing companies in her own business and seeing it happen to her clients as well. She decided to vet out quality and reliable marketing professionals who know what they are doing and do the work. This led her to start her own coaching practice, digital marketing agency, and create the Best Planner Ever to support business owners in their growth journey.

Is it profitable? Yes
How much money it makes: $1.2M/year
How much did it cost to start: $10K

How I Built A 7-Figures Coaching Business [And Created The Best Planner Ever]

Jennifer Dawn, founder of Jennifer Dawn Coaching, grew her business from $50k to seven figures by expanding her offering to include a digital marketing agency, coaching academy and Best Planner Ever product, with a focus on customer retention through the use of digital marketing and a personalised service.

Read this case study

Read by 2,268 founders

2. The Mindset Society ($186K/year)

Claire Osborne, founder of The Mindset Society, came up with the idea for her business during the UK coronavirus lockdown when she realized that many employers were struggling to help their employees with stress and anxiety. She saw an opportunity to provide coaching to startups and scale-ups, helping founders make decisive actions and supporting teams to navigate the challenges of the pandemic. Since launching, the company has averaged over $15k in revenue per month.

Is it profitable? Yes
How much money it makes: $186K/year
How much did it cost to start: $1K

How I Started A $15K/Month Coaching Business Helping Startups Scale-Up

How one founder launched a coaching business during lockdown, bringing in an average of over $15k revenue a month through coaching startups and scale-ups, and has plans to scale up by adding complementary services and creating cross-company support networks.

Read this case study

Read by 5,939 founders

3. Fearless Business ($300K/year)

Robin Waite transitioned from running a small marketing agency to founding Fearless Business, a coaching accelerator, after selling his agency for £90k. He leveraged his experience and extensive networking, conducting 125 consultations in his first year, to build a thriving, six-figure coaching business with over 150 international members.

Is it profitable? Yes
What's the gross margin? 90%
How much money it makes: $300K/year
How much did it cost to start: $0

I Make $25K/Month Coaching People on How to Build Successful Businesses

This case study article is about Robin, a business coach and founder of Fearless Business, a business coaching accelerator for coaches, consultants, and freelancers. Through the accelerator, Robin helps one-person businesses productize their offers, raise prices, and improve sales processes, with clients typically seeing results within the first three months, including pitching their new products to 10-20 prospective clients and achieving their financial goals.

Read this case study

Read by 6,270 founders

Learn more about starting a business coach:

Where to start?

-> How much does it cost to start a business coach?
-> Pros and cons of a business coach

Need inspiration?

-> Other business coach success stories
-> Marketing ideas for a business coach
-> Business coach slogans
-> Business coach names

Other resources

-> Business coach tips

How much can you make with a business coach?

With a business coach, you can make an average of $660K revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $119. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 10 months.

How much does a business coach make a week?

Based on our data, average weekly revenue for a business coach ranges around $13.8K. As such, you could see monthly revenues of $55K.

To know if your business coach achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your business coach.

How much do business coaches owners make?

The income of a business coach owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established business coach is about $13.8K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a business coach owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Business Coach Profit Margins

Generally speaking, a business coach can expect profit margin of around 46%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a business coach, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, business coach owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, business coach owners can ensure long-term sustainability and profitability for their business.

Business coach owner salary

The salary of a business coach owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established business coach, in a prime position, might see an average weekly salary around the ballpark of $6.33K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a business coach may be a promising business to start - but the success of your business coach mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable business coach.

Part of

Becoming A Business Coach: Everything You Need To Know

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