Passive Income Ideas For Life Coaches [2024]
Interested in earning passive income as a Life Coach in 2024?
We put together a few of the best passive income ideas you can start as a Life Coach today. These will help you increase your quality of life by bringing in more income for yourself or your business.
For each income idea, we’ll show you real-world examples, revenue expectations for each idea, plus some things you might need to know before you start your passive income journey as a Life Coach.
Here's the full list:
1. Make passive income with an online course sales business ($85K/month)
As a life coach, you could supplement your income and make extra money by creating and selling online courses. By packaging your expertise into a course, you could help more people while generating passive income. You have valuable insights into personal development, goal-setting, and self-improvement that many are eager to learn.
Creating an online course could allow you to reach a broader audience than one-on-one coaching alone. The e-learning market is growing rapidly, so there’s a great opportunity to get in now. All you need to do is choose a target audience, create quality content, and host it on an online learning platform to start earning.
How much you can make: $100 — $300,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 180 days (?)
A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.
2. Make passive income with a niche blog ($31.5K/month)
Starting a niche blog could be an excellent way for you as a Life Coach to engage with a passionate online community by sharing your expertise. You might choose to focus on a specific aspect of life coaching such as personal development, work-life balance, or stress management. By creating unique and informative content like articles, how-to guides, and video interviews, you could establish yourself as an authority in that niche.
Monetization opportunities could include providing affiliate links to products you recommend, collaborating with relevant brands, and even speaking at events. As your blog gains visibility and attracts followers, you could potentially grow a YouTube channel to expand your reach. With dedication and passion for your topic, your niche blog could become a valuable source of passive income and additional client leads.
How much you can make: $100 — $650,000/month
How much does it cost to start: $650 (?)
How long does it take to build: 60 days (?)
Starter Story grew to 1.4 million monthly visitors and millions in annual revenue by sharing the stories of entrepreneurs. Pat breaks down the early days and how he grew the business into something that changed his life.
3. Make passive income with a YouTube channel ($72.1K/month)
Starting a YouTube channel could be a smart move for a Life Coach looking to supplement income and make extra money. You could use your channel to share your expertise in coaching, offer motivational content, and provide practical tips and strategies. This can attract a large audience, opening up opportunities for ad revenue, sponsorships, and selling coaching packages or merchandise.
Building a channel involves consistently uploading quality videos and engaging with viewers. It’s important to plan your content well, shoot and edit videos, and understand some basic SEO to attract more people. While it requires effort, a successful YouTube channel can become a steady source of passive income, and it offers the flexibility to express your unique coaching style.
How much you can make: $2,000 — $333,333/month
How much does it cost to start: $5,250 (?)
How long does it take to build: 30 days (?)
This case study follows the journey of a young entrepreneur from Nigeria who started a profitable blog generating a monthly revenue of $1,500+ through sales of advertising space, sponsored posts, and information products, and shares his strategies for success including a Twitter growth challenge and guest post pitches.
4. Make passive income with a podcast ($97.9K/month)
Starting a podcast could be a great way to supplement your income as a life coach. By sharing your expertise and advice through audio content, you could reach a larger audience and build your brand. You would need to pick a topic that resonates with your potential listeners—perhaps focusing on personal growth, success stories, or overcoming challenges.
Once you have chosen your niche, you would invest in some basic recording equipment, like a good microphone and headphones, and then find a budget-friendly hosting platform for your episodes. With consistent promotion on social media and in online communities, you could grow your listener base. Over time, this could open up opportunities for sponsorships and advertisers, leading to additional income streams.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
5. Make passive income with a niche website ($107K/month)
If you're a Life Coach looking to supplement your income, building a niche website could be an ideal opportunity. By focusing on a specific topic related to your coaching practice—whether it's stress management, relationship building, or career advancement—you could attract a dedicated audience interested in that particular area. Creating useful content like articles, videos, and ebooks can help drive traffic to your site.
Once you have a steady audience, you could monetize the website through affiliate marketing, ad placements, or even selling your own digital products like courses or coaching sessions. This way, your specialized content could generate income even when you're not actively working. With some initial time investment in research, content creation, and SEO, a niche website could become a reliable source of passive income.
How much you can make: $400 — $250,000/month
How long does it take to build: 60 days (?)
DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.
6. Make passive income with an affiliate marketing business ($77.5K/month)
As a Life Coach, starting an affiliate marketing business could be a great way to supplement your income. You could earn a passive income by promoting products and services that align with your coaching philosophy and your clients' needs. For instance, you could partner with brands that offer wellness products, self-help books, or online courses.
When your clients purchase products through your affiliate links, you would earn a commission from each sale. This could be an effective way to recommend valuable resources to your clients while also creating an additional revenue stream. With some initial research and effort to find the right products, affiliate marketing could turn into a sustainable form of passive income for your coaching business.
How much you can make: $500 — $773,000/month
How much does it cost to start: $700 (?)
How long does it take to build: 60 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
7. Print on demand business ($411K/month)
Starting a print-on-demand business could offer Life Coaches an excellent opportunity to supplement their income and earn passive income. With this model, you could design custom products like apparel, home goods, and phone cases that resonate with your coaching philosophy and client base. For example, you might create inspirational quote T-shirts or motivational posters that mirror the principles you teach.
By listing these items on platforms like Amazon, eBay, or Etsy, you could reach a global audience without worrying about inventory or shipping, as these aspects are handled by dropshipping services. Additionally, this business can be managed from home with minimal startup costs, allowing you to focus on your clients while gradually growing another source of income. This synergy can amplify both your personal brand and revenue streams, offering more financial stability and creative freedom.
How much you can make: $200 — $3,000,000/month
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Founder Roy Kirchner shares how he started an eCommerce business specializing in 3D printing with an initial investment of $65,000, which now averages monthly gross sales of $330,000 and has partnered with international manufacturers and local businesses while offering technical support and education.
8. Make passive income with a payment app ($716K/month)
As a Life Coach, you could supplement your income by starting a payment app. This could allow your clients to pay for your sessions quickly and easily from their phones, making it more convenient for them to continue using your services. Payment apps are increasingly popular and easy to use, making them a smart addition to your coaching business.
Additionally, creating a payment app could help you earn passive income. Once the app is set up, you could continue to generate revenue with minimal effort. This technology could also enhance client satisfaction by providing a seamless payment experience, helping you build a more successful business.
How much you can make: $1,000 — $2,000,000/month
How long does it take to build: 165 days (?)
Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge.
9. Make passive income with a chimney company
As a Life Coach, starting a chimney company might seem like an unusual side hustle, but it offers unique possibilities to supplement your income and earn extra money. The chimney business is grounded in meeting a consistent market demand for cleaning, safety inspections, repairs, and installations. Given that chimney issues pose significant fire hazards, offering such critical services ensures that homeowners have peace of mind, which aligns with your core value of helping people improve their lives.
Diving into this venture does require some upfront training and certifications in chimney safety and repair. However, if you enjoy physical work and solving practical problems, this could be a fulfilling addition to your coaching career. With a commitment to quality and safety, you could steadily grow the chimney company and build long-term relationships with clients, adding a new dimension to your entrepreneurial journey.
How much you can make: $21,000/month
Patriot Chimney, a Virginia-based chimney repair company founded by three friends, generated over $212,000 in its first year of operation, using a mix of digital and in-person marketing and customer retention strategies, and plans to expand its business and customer base with new initiatives including an online store and non-profit organization.
10. Make passive income with a crypto hardware business
As a life coach, you could supplement your income by starting a crypto hardware business, such as selling wallets, security keys, or USB drives that support cryptocurrency transactions. Such a venture taps into the ever-growing interest in crypto, providing you with a unique opportunity to offer valuable products in a booming market. This can also show your clients that you embrace innovation and emerging technologies.
To get started, you would need a strong product idea and understand the costs involved in manufacturing. Additionally, being aware of relevant compliance and regulatory issues is crucial, especially if your product is related to cryptocurrency and mining. By addressing these steps, you could create a steady stream of passive income while still focusing on your primary work as a life coach.
How much you can make: $32,000/month
How much does it cost to start: $136 (?)
How long does it take to build: 180 days (?)
CBlocks is a cryptocurrency startup that generates random wallets of the top 100 cryptocurrencies, funds them, and ships them on a USB drive alongside software to manage them, with $32k made in the first 30 days and almost $3k on their second day from being featured in TheNextWeb, Forbes, The Outline & LifeHacker all within their first 3 weeks.
11. Make passive income with an android tracking app
As a Life Coach, you could create an Android tracking app that provides real-time location monitoring, offering users peace of mind and operational efficiency. This tool could appeal to parents, business owners, and anyone concerned with security, tapping into a market with growing demand for reliable and user-friendly tracking software.
By developing an app that offers geo-fences, alerts for unusual activities, and historical data access, you could meet the needs of those worried about the safety of their loved ones or tracking business assets. If you enjoy tech-related projects, this venture could diversify your income stream with its vast market potential, requiring coding, testing, marketing, and continuous updates.
How much you can make: $25,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 180 days (?)
Spapp Monitoring is an Android tracking app for parents and employers, started as a side project and now making $300k a year through organic traffic from Google Play and the company's website.
12. Make passive income with a buy sell web portal
As a Life Coach, you could start a buy-sell web portal focused on personal development tools and resources. This platform could allow you to connect buyers and sellers of coaching-related products, such as eBooks, webinars, and self-improvement courses. By curating valuable content, you would not only provide a service to your community but also position yourself as a trusted resource in the industry.
This portal could run with minimal daily effort, generating passive income as it grows. You could either charge a small commission for each sale or offer premium listing services for sellers. This strategy could help you diversify your income, leveraging your expertise and network to create a sustainable side revenue stream.
13. Make passive income with a podcast agency ($17.3K/month)
Starting a podcast agency could make sense as a Life Coach because it allows you to leverage your existing communication skills and industry knowledge to help other businesses succeed. Since many organizations need help developing, producing, and promoting their podcasts, this can be a valuable and lucrative service. You could offer different types of services, from podcast production to podcast marketing, based on your expertise and interests.
For example, you could help businesses produce high-quality audio content for their podcasts, or you could focus on booking interesting and relevant guests, making their podcasts more engaging. By doing so, you'll not only earn extra income but also have the opportunity to network and potentially attract new clients for your Life Coaching business. This creates a win-win situation where you can grow your coaching practice while generating passive income from your podcast agency.
How much you can make: $5,000 — $30,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 48 days (?)
Fame's founder, Tom Hunt, shares how he started a $17k/month podcast growth service for B2B SaaS and service businesses, and provides insights on how he grew the business to $20k MRR and his plans to hit $50k MRR by the end of 2021 through prioritizing revenue and customer satisfaction.
14. Make passive income with a personal training business
As a Life Coach, you could expand your services by starting a personal training business. This would make sense because many of your clients are likely already focused on self-improvement and achieving personal goals, which often includes physical fitness. You could offer tailored fitness plans and online workout sessions, making it a natural extension of the coaching relationship you already have with your clients.
Additionally, you could create and sell pre-recorded workout videos or fitness guides that clients can purchase and use at their convenience. Over time, these resources could generate passive income as they continue to be accessed by a growing audience. This approach not only diversifies your income streams but also adds value to the comprehensive coaching experience you provide.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
