Home Based Business Personal Coach

A personal development coach helps an individual to achieve their goals, aims or aspirations. They do this by working with the individual to understand what they want to achieve and formulating a plan with measurable outcomes and review steps. This is one of the latest home based business ideas.

The personal development coach acts as a facilitator. You do not make recommendations or question your client's motives. You work with them to gain an understanding of what they want to achieve and together you develop a plan. The plan contains their goal(s) and measurable outcomes and review steps.

As a home based business personal coach, you focus on the lives and quality of life of your clients. Coaching can be done by phone or via email as well as personal contact.

What does it take for this business?

As a home based business personal development coach, you need

• strong interpersonal skills so you can form positive relationships with your clients.
• to be able to determine what they really mean when they are talking to you. need to ask questions that will get your clients to expand their thinking.

You cannot be judgmental. You must provide support to your clients. Experience in career counseling, human resources, management consulting, financial planning are beneficial for personal development coaching. You should have knowledge of the area in which you are going to focus. Certification is recommended.

What do I need to operate this business?

You should set up a separate space for your home based office. This will make it easier for you to focus on your work. If clients are going to visit your office, you will want to have a waiting area and separate entry, if possible.

Your greatest expense in setting up this home-based business will be becoming certified. The costs range from $3000 to $5000.

Basic Equipment and Supplies:

• Computer
• Printer
• Fax
• Business phone line
• Contact Management software
• Word Processing software
• Business Stationery/cards
• Brochures

You can review resources for this home based business here.

What services do I provide?

The following are some of the services that can be provided by a personal development coach:

• Determine goals
• Establish direction
• Develop plans
• Implement actions
• Review outcomes
• Provide motivation to achieve

What are my potential earnings?

$50,000 to $100,000 annually

How much do I charge for my services?

You can charge per month:  $250 to $500

You can charge per session: $45 to $150

Email coaching is generally 2 times per week.

Phone coaching is usually 35 to 45 minutes 1 or 2 times per week.

Personal sessions: Initial session may be 60 to 90 minutes at a higher rate.

Follow-up sessions are typically 45 minutes at a lower rate.

How do I bill for my services?

Your clients pay for each session. If you create plans, such as 3-month, 6-month, and so on, you may charge a flat-fee and bill in advance.

How do I market my business?

Offline

• List your home based business services in the Yellow Pages.
• Issue a press release to your local/community newspapers.
• Purchase classified or space ads in your local/community newspapers.
• Network in professional organizations.
• Give seminars and workshops on personal growth.
• Write articles about coaching for trade publications, journals, and your local/community newspapers.

Online

• Create a Web site, listing your services and your approach.
• List your Web site in online directories.
• Issue an online press release.
• Write articles for e-zines.
• Develop a newsletter for your Web site.
• Publish client testimonials on your Web site.
• Participate in newsgroups and discussion forums related to coaching.

This is a great home based business opportunity for those who want to help people attain their goals. You can review resources for this home based business here.