Coaching Business

5 Coaching Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

A coaching business involves providing personalized guidance, support, and advisory services to help clients achieve professional and personal growth.

As an entrepreneurial coach, you design customed sessions to motivate positive change around life balance, career transitions, leadership, or wellness goals tailored to each client.

With flexibility for in-person or virtual meetings, building a client base lets you empower breakthroughs through strategic advice.

For those with speaking talents and expertise in their specialty, launching a coaching practice allows you to monetize your natural motivational abilities while setting your own schedule.

In this list, you'll find real-world coaching business success stories and very profitable examples of starting a coaching business that makes money.

1. Alex Albarran & Co. ($6.49M/year)

At 12, Alex Albarran got his start by buying and selling Jordan sneakers, sparking an interest in marketing that led him to sell his car for $5,000 to fund his business. Today, his online marketing and consulting company grosses $541k monthly, emphasizing client-focused, hands-on coaching.

How much money it makes: $6.49M/year
How much did it cost to start: $1K
How many people on the team: 8

How I Grew My Marketing and Consulting Business to $500K+/Month

Learn how Alex Albarran grew his online marketing and business consulting company to achieve a gross revenue of $541k per month, with 3x revenue growth over 15 months, and a team of 8 members, while helping entrepreneurs close the gap between where they are and where they want to be in their business, life, and wealth.

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2. Healthpreneur ($6M/year)

Yuri Elkaim, the founder and CEO of Healthpreneur®, came up with the idea for his business after receiving numerous requests from health professionals in need of business advice. Realizing that there was a lack of business education in the health industry, Elkaim decided to provide coaches and health professionals with the coaching, systems, and processes they needed to build successful online coaching businesses. With their flagship product, the Health Business Accelerator Program, Healthpreneur® has helped their clients generate over $217 million in revenue and aims to transform the health and lives of 1 billion people worldwide.

How much money it makes: $6M/year
How much did it cost to start: $0
How many people on the team: 20

How I Make $500K/Month Coaching Health Professionals Generate More Income

Healthpreneur® founder Yuri Elkaim's coaching company has helped naturopaths, functional medicine doctors, dietitians/nutritionists, therapists, online fitness coaches, and health, life, and relationship coaches through transformational coaching paired with predictable systems, frameworks, and processes, generating $217 million for their clients.

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3. Thomas Frank ($2.1M/year)

In 2010, while in college, Thomas started a blog to share his experiments in getting the most out of college. Since then, he's applied his interests in productivity and self-development to YouTube, several podcasts, a book, and more. He got the idea of this business when he was trying to build a company's wiki and with the difficulties he faced with Google docs, discovering Notion blew his mind.

How much money it makes: $2.1M/year
How much did it cost to start: $5
How many people on the team: 3

I Made $2.1M in Two Years Teaching People How to Use Notion

This case study explores Thomas Frank's successful business teaching people how to use Notion and selling templates, with sales reaching $2.1 million in two years and template sales currently at $120k/mo, showcasing his journey from blogging and YouTube to e-commerce and SaaS.

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4. Website Rental Coaching ($504K/year)

The daily workload at his 9-5 job at General Electric as an HR left Luke unfulfilled from his career, and while he was searching for a profitable side gig, he realized that websites are like digital properties. With a top-ranking lead generation website, he could rent it to local businesses and earn a steady monthly income. Luke quit his job at the 6-month mark and hit six figures by the one-year mark of starting this business.

How much money it makes: $504K/year
How much did it cost to start: $8K
How many people on the team: 0

I Quit My Full-Time Job & Started A $42K/Month Website Rental Business

Luke Van Der Veer's Website Rental Coaching business teaches people how to create passive income by renting lead generation websites to local businesses, which has helped him generate $42,000 per month as of April 2022.

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5. MentorCruise ($480K/year)

Dominic Monn came up with the idea for MentorCruise while facing the challenge of finding a mentor during his own career development. He realized that mentorship was a major problem for many professionals, so he built a coaching marketplace where career professionals could turn their knowledge into a marketable coaching business and mentees could easily find a mentor. Despite the challenges of building the platform while balancing his studies and a full-time job, MentorCruise now makes around $24,000 per month in commissions and processes over $120,000 every month for its mentors.

How much money it makes: $480K/year
How much did it cost to start: $0
How many people on the team: 5

How I Built A $24K/Month Mentorship Marketplace

MentorCruise is a career coaching marketplace generating $24k MRR and processing $1M annually for mentors, with most traffic and sales coming from SEO and organic sources, currently looking to expand to the B2B market.

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Read by 6,591 founders