Career Coaching Business

How Profitable Is A Career Coaching Business? (Updated for 2024)

Pat Walls

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Updated: September 2nd, 2024

How Profitable Is A Career Coaching Business? (Updated for 2024)

So you want to start a career coaching business?

And the first question that came to your mind was, “well, are career coaching businesses actually profitable?”

Especially considering:

You could start a career coaching business with as low as $100
Based on our data, career coaching businesses generate an average of $582K per year
You could see gross margins as high as 98% with career coaching businesses

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 career coaching business.

Let’s dive in!

Is a career coaching business profitable?

Yes, a career coaching business 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 $582K per year with an estimated gross margin of 32%, you could expect to recover your investment within 7 months or even less.

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

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 career coaching business is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a career coaching business worth it?

If you’re wondering if a career coaching business is worth it, the answer is a big YES. With career coaching businesses, you have the potential to earn $582K 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 career coaching business 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 career coaching businesses case studies.

Examples Of Profitable Career Coaching Businesses

Here are a few examples of profitable career coaching businesses, and a few more details about them:

1. Wall Street Oasis ($2.4M/year)

Patrick Curtis, the founder of Wall Street Oasis, came up with the idea for his business after experiencing a career setback in the finance industry. After being fired and blackballed from private equity in Boston, Curtis recognized the importance of building a strong network and decided to create a community for young finance professionals. With a focus on providing entertaining and educational content, Wall Street Oasis has grown to attract over 100 million visitors and generate $140k in monthly revenue.

Is it profitable? Yes
How much money it makes: $2.4M/year

From Getting Fired At 24 To Growing A $140K/Month Online Community

Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.

Read this case study

Read by 22,298 founders

2. Screw The Cubicle ($120K/year)

Lydia Lee started Screw The Cubicle as a blog to document her own transition from employee to entrepreneur. After receiving a message from a reader asking about coaching services, she decided to explore coaching as a way to help others navigate career transitions. Through beta testing and refining her coaching process, Lydia was able to create self-guided courses and build a successful business, generating approximately $10,000 per month in revenue.

Is it profitable? Yes
How much money it makes: $120K/year
How much did it cost to start: $3K

How I Started A $10K/Month Career Transition Coaching Business

Screw The Cubicle's Lydia Lee started a location-independent coaching business that generates an average monthly revenue of $10,000, helping corporate professionals transition to independent careers by offering self-guided courses and personalized coaching programs.

Read this case study

Read by 9,955 founders

3. AiApply ($180K/year)

Aidan Cramer co-founded AiApply after drawing from his HR tech experience and leveraging the viral success of his previous AI-driven venture, PetVet.ai. Their platform, which now generates $25K in monthly revenue, revolutionizes job applications using personalized AI to streamline the process.

Is it profitable? Yes
What's the gross margin? 98%
How much money it makes: $180K/year
How much did it cost to start: $0

We Make $25K/Month Helping People Apply To Jobs With AI

AiApply case study showcases the journey from $0 to $25K in monthly revenue, highlighting the power of AI-driven solutions to revolutionize the job application process through personalized tools, viral content, and sustainable growth strategies for SaaS founders.

Read this case study

Read by 1,307 founders

Learn more about starting a career coaching business:

Where to start?

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

Need inspiration?

-> Other career coaching business success stories
-> Marketing ideas for a career coaching business
-> Career coaching business slogans
-> Career coaching business names
-> Career coaching business Instagram bios

Other resources

-> Career coaching business tips
-> Blog post ideas for a career coaching business
-> Career coaching business quotes

How much can you make with a career coaching business?

With a career coaching business, you can make an average of $582K revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $100. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 7 months.

How much does a career coaching business make a week?

Based on our data, average weekly revenue for a career coaching business ranges around $12.1K. As such, you could see monthly revenues of $48.5K.

To know if your career coaching business 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 career coaching business.

How much do career coaching businesses owners make?

The income of a career coaching business 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 career coaching business is about $12.1K. 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 career coaching business owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Career Coaching Business Profit Margins

Generally speaking, a career coaching business can expect profit margin of around 32%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a career coaching business, 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, career coaching business 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, career coaching business owners can ensure long-term sustainability and profitability for their business.

Career coaching business owner salary

The salary of a career coaching business 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 career coaching business, in a prime position, might see an average weekly salary around the ballpark of $3.88K.

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 career coaching business may be a promising business to start - but the success of your career coaching business mostly depends on your effort and your approach.

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

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Starting A Career Coaching Business: Everything You Need To Know

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