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	<title>Comments on: How to Set Your Life Coaching Fees</title>
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	<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/</link>
	<description>Help More People with Coaching, Make More Money Coaching, Live your Ultimate Lifestyle</description>
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		<title>By: Ricardo Peixe</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-2159</link>
		<dc:creator>Ricardo Peixe</dc:creator>
		<pubDate>Mon, 22 Mar 2010 17:32:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-2159</guid>
		<description>One of the most important things to me, while building my pratice was to realize that the lower the fee,  the lower the commitment of the client... and i did feel a rush of clients when i raised my prices to expert levels!

thanks for sharing!</description>
		<content:encoded><![CDATA[<p>One of the most important things to me, while building my pratice was to realize that the lower the fee,  the lower the commitment of the client&#8230; and i did feel a rush of clients when i raised my prices to expert levels!</p>
<p>thanks for sharing!</p>
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		<title>By: Milana</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1796</link>
		<dc:creator>Milana</dc:creator>
		<pubDate>Thu, 11 Feb 2010 02:29:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1796</guid>
		<description>You&#039;re very welcome - it was a great article, Kathleen!</description>
		<content:encoded><![CDATA[<p>You&#8217;re very welcome &#8211; it was a great article, Kathleen!</p>
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		<title>By: Kathleen Schulweis</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1795</link>
		<dc:creator>Kathleen Schulweis</dc:creator>
		<pubDate>Thu, 11 Feb 2010 00:33:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1795</guid>
		<description>Dear Milana:

Thanks so much for posting my article on confidence and fees and business growth, and especially thanks for giving me full credit and a link back to my site. I&#039;ve had many visitors as a result of your generosity. You clearly practice what you teach. 

I love all the comments this post and your offerings have generated. I am reading your Manifesto right now and it&#039;s a great piece. All the best, Kathleen</description>
		<content:encoded><![CDATA[<p>Dear Milana:</p>
<p>Thanks so much for posting my article on confidence and fees and business growth, and especially thanks for giving me full credit and a link back to my site. I&#8217;ve had many visitors as a result of your generosity. You clearly practice what you teach. </p>
<p>I love all the comments this post and your offerings have generated. I am reading your Manifesto right now and it&#8217;s a great piece. All the best, Kathleen</p>
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		<title>By: Gavin Young</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1553</link>
		<dc:creator>Gavin Young</dc:creator>
		<pubDate>Thu, 14 Jan 2010 17:12:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1553</guid>
		<description>Dear Milana,

Thanks so much for this very timely article.  After struggling for over 4 years as a Spiritual Life Coach, and coming very close to throwing in the towel, I am in the process  with the help of my VA of restructuring my entire &quot;practice&quot; into a &quot;business&quot;, and I mean from the ground up.  We are overhauling everything, from the website, to pricing, to target market, etc.  

I was fortunate to be able to work closely with you for a year in your &quot;Inner Circle&quot; and have tons of notes, etc. from that time, which I simply never implemented because I was still in a &quot;practice&quot; mode and needed to be in a &quot;business&quot; mode.  I had just graduated from Coach Training Alliance and couldn&#039;t wait to get going, but what I realized after a short time working in your &quot;Inner Circle&quot; was that coaching schools often spend too little time on the business end of things and most of the time on the &quot;practice&quot; end of things.  The result is that you end up with a very small business/practice, in which you work your butt off for very little compensation.  

There&#039;s an easier way and you have been the champion of that easier way for a long time now.  

I am once again fired up about coaching and building a business and have you to thank for that.  I look forward to every email I receive from you because I never know what &quot;golden nuggets&quot; it might contain.  

I also dream of the day when I will once again be flush enough to afford working more closely with you in whatever you are now calling your &quot;Inner Circle&quot;.  

Thank you for everything and I miss speaking with you and hearing your challenging suggestions for building a rock solid business.  

By the way, I had the chance to attend a free teleseminar hosted by Rhonda Hess recently touting her program, &quot;How to Choose and Champion Your Ideal Coaching Market&quot;.  It was a good 90 minute session with lots of questions and answers, but it was mostly review for me, and I couldn&#039;t help but think, &quot;Milana went over this with me years ago!&quot; Nonetheless, I wasn&#039;t in the &quot;space&quot; to really &quot;hear&quot; you at the time and Rhonda&#039;s session got me fired up again and reminded me that I already have all the tools I need &quot;to choose and champion&quot; my &quot;ideal coaching market&quot;, and I got them all from YOU! 

All this is to say, that I may not have had &quot;ears to hear&quot; during the time I worked with you, but it was very valuable time nonetheless because of what I took away from our time in the &quot;Inner Circle&quot;, and I consider you my Mentor Coach on every level.  I look forward to implementing those things I took away from our sessions in my new coaching BUSINESS! 

Look for many new things to be coming from me in the months and years ahead.  The &quot;hawk&quot; is preparing to soar! Thank you again and I wish you, as always, many blessings.  I look forward to keeping in touch with you.  Peace,

Gavin</description>
		<content:encoded><![CDATA[<p>Dear Milana,</p>
<p>Thanks so much for this very timely article.  After struggling for over 4 years as a Spiritual Life Coach, and coming very close to throwing in the towel, I am in the process  with the help of my VA of restructuring my entire &#8220;practice&#8221; into a &#8220;business&#8221;, and I mean from the ground up.  We are overhauling everything, from the website, to pricing, to target market, etc.  </p>
<p>I was fortunate to be able to work closely with you for a year in your &#8220;Inner Circle&#8221; and have tons of notes, etc. from that time, which I simply never implemented because I was still in a &#8220;practice&#8221; mode and needed to be in a &#8220;business&#8221; mode.  I had just graduated from Coach Training Alliance and couldn&#8217;t wait to get going, but what I realized after a short time working in your &#8220;Inner Circle&#8221; was that coaching schools often spend too little time on the business end of things and most of the time on the &#8220;practice&#8221; end of things.  The result is that you end up with a very small business/practice, in which you work your butt off for very little compensation.  </p>
<p>There&#8217;s an easier way and you have been the champion of that easier way for a long time now.  </p>
<p>I am once again fired up about coaching and building a business and have you to thank for that.  I look forward to every email I receive from you because I never know what &#8220;golden nuggets&#8221; it might contain.  </p>
<p>I also dream of the day when I will once again be flush enough to afford working more closely with you in whatever you are now calling your &#8220;Inner Circle&#8221;.  </p>
<p>Thank you for everything and I miss speaking with you and hearing your challenging suggestions for building a rock solid business.  </p>
<p>By the way, I had the chance to attend a free teleseminar hosted by Rhonda Hess recently touting her program, &#8220;How to Choose and Champion Your Ideal Coaching Market&#8221;.  It was a good 90 minute session with lots of questions and answers, but it was mostly review for me, and I couldn&#8217;t help but think, &#8220;Milana went over this with me years ago!&#8221; Nonetheless, I wasn&#8217;t in the &#8220;space&#8221; to really &#8220;hear&#8221; you at the time and Rhonda&#8217;s session got me fired up again and reminded me that I already have all the tools I need &#8220;to choose and champion&#8221; my &#8220;ideal coaching market&#8221;, and I got them all from YOU! </p>
<p>All this is to say, that I may not have had &#8220;ears to hear&#8221; during the time I worked with you, but it was very valuable time nonetheless because of what I took away from our time in the &#8220;Inner Circle&#8221;, and I consider you my Mentor Coach on every level.  I look forward to implementing those things I took away from our sessions in my new coaching BUSINESS! </p>
<p>Look for many new things to be coming from me in the months and years ahead.  The &#8220;hawk&#8221; is preparing to soar! Thank you again and I wish you, as always, many blessings.  I look forward to keeping in touch with you.  Peace,</p>
<p>Gavin</p>
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		<title>By: Mr Sein Nyo</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1547</link>
		<dc:creator>Mr Sein Nyo</dc:creator>
		<pubDate>Thu, 14 Jan 2010 05:18:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1547</guid>
		<description>Thanks for this very useful source. I am just starting my business which includes training services and software house in my country. These insights are very confiential knowledge to me and You will be sharing your post me more than need the business of coaching too.

So many think</description>
		<content:encoded><![CDATA[<p>Thanks for this very useful source. I am just starting my business which includes training services and software house in my country. These insights are very confiential knowledge to me and You will be sharing your post me more than need the business of coaching too.</p>
<p>So many think</p>
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		<title>By: Carl Contino</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1542</link>
		<dc:creator>Carl Contino</dc:creator>
		<pubDate>Wed, 13 Jan 2010 21:07:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1542</guid>
		<description>Hi all :-)
Nice question and something I&#039;ve given a lot of thought to regarding my program called Packaging Your Passion. Currently, I am charging $400 per month for 6 hours of coaching time plus unlimited support via email in between sessions. Though I recently changed my fee from $375 t0 $400, I am still undercharging right now. I may need to revisit this over time, but I simply LOVE what I&#039;m doing and having a ton of fun, and I do want to make sure it&#039;s affordable for people. Here&#039;s a description of my program to see all that I do for and with my clients:

The program serves as a “one-stop-shop” for helping people create their online business by coaching them through each step of the process, including planning and creating their web site, ebooks, courses, video, membership sites, publishing a book, and anything else they want to offer.

By bringing together my experiences as an online business coach, life coach, and computer teacher for the past 10 years, I&#039;m able to offer a unique virtual program that, through the magic of “screen sharing,” the client can simply watch, listen, and share as we put the pieces of their business together right there on the spot, in real time, from anywhere in the world. 

I have found that this is the easiest, fastest, and most effective way to help coaches, teachers, writers, artists, and others transform their passion into an online business that creates multiple streams of income. It also brings a strong sense of play to the process as the client simply watches and listens while their project comes to life in real time!

Thanks for letting me share :-)
Carl</description>
		<content:encoded><![CDATA[<p>Hi all <img src='http://www.coachingmillions.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /><br />
Nice question and something I&#8217;ve given a lot of thought to regarding my program called Packaging Your Passion. Currently, I am charging $400 per month for 6 hours of coaching time plus unlimited support via email in between sessions. Though I recently changed my fee from $375 t0 $400, I am still undercharging right now. I may need to revisit this over time, but I simply LOVE what I&#8217;m doing and having a ton of fun, and I do want to make sure it&#8217;s affordable for people. Here&#8217;s a description of my program to see all that I do for and with my clients:</p>
<p>The program serves as a “one-stop-shop” for helping people create their online business by coaching them through each step of the process, including planning and creating their web site, ebooks, courses, video, membership sites, publishing a book, and anything else they want to offer.</p>
<p>By bringing together my experiences as an online business coach, life coach, and computer teacher for the past 10 years, I&#8217;m able to offer a unique virtual program that, through the magic of “screen sharing,” the client can simply watch, listen, and share as we put the pieces of their business together right there on the spot, in real time, from anywhere in the world. </p>
<p>I have found that this is the easiest, fastest, and most effective way to help coaches, teachers, writers, artists, and others transform their passion into an online business that creates multiple streams of income. It also brings a strong sense of play to the process as the client simply watches and listens while their project comes to life in real time!</p>
<p>Thanks for letting me share <img src='http://www.coachingmillions.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /><br />
Carl</p>
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		<title>By: marc manieri</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1540</link>
		<dc:creator>marc manieri</dc:creator>
		<pubDate>Wed, 13 Jan 2010 20:46:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1540</guid>
		<description>Great ideas Milana....this is very helpful.

One thought I would add is that I have interacted with hundreds of coaches over the last 2 years and I have found that a coach&#039;s fees are in direct proportion to the confidence they have around their ability to produce a specific result with their clients.  When my partner Kim and I started coaching we charged a nominal rate; once we started seeing results with our clients, our confidence in ourselves grew and our fees increased accordingly.  At the end of the day, when can assist a person to transform their business, or help them to be peaceful and happy, that&#039;s HUGE.  And you deserve to get compensated for it.  I would invite coaches to ask themselves, how confident am I in my ability to produce over the top results for my clients?  You&#039;ll know the answer immediately, and your price point will be easier to establish.</description>
		<content:encoded><![CDATA[<p>Great ideas Milana&#8230;.this is very helpful.</p>
<p>One thought I would add is that I have interacted with hundreds of coaches over the last 2 years and I have found that a coach&#8217;s fees are in direct proportion to the confidence they have around their ability to produce a specific result with their clients.  When my partner Kim and I started coaching we charged a nominal rate; once we started seeing results with our clients, our confidence in ourselves grew and our fees increased accordingly.  At the end of the day, when can assist a person to transform their business, or help them to be peaceful and happy, that&#8217;s HUGE.  And you deserve to get compensated for it.  I would invite coaches to ask themselves, how confident am I in my ability to produce over the top results for my clients?  You&#8217;ll know the answer immediately, and your price point will be easier to establish.</p>
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		<title>By: Scott Stratten</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1539</link>
		<dc:creator>Scott Stratten</dc:creator>
		<pubDate>Wed, 13 Jan 2010 20:23:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1539</guid>
		<description>Whatever they pay you, that&#039;s what you&#039;re worth :)

Best advice I got early on. I first looked at it that I charged way too little, but after a while I realized that I wouldn&#039;t have gotten that base set of clients if I charged more, so it all worked out.

That being said, I still raised them more, realizing I had to put a premium on one-to-one time and keep the older rate for group sessions.

&quot;You can’t charge more than you can comfortably ask because your discomfort will show through and hurt your credibility&quot;

This took me a while to get to. I used to cringe/avoid/hesitate talking about price, which is crazy when I look back at it.

Great thoughts, thanks Milana</description>
		<content:encoded><![CDATA[<p>Whatever they pay you, that&#8217;s what you&#8217;re worth <img src='http://www.coachingmillions.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Best advice I got early on. I first looked at it that I charged way too little, but after a while I realized that I wouldn&#8217;t have gotten that base set of clients if I charged more, so it all worked out.</p>
<p>That being said, I still raised them more, realizing I had to put a premium on one-to-one time and keep the older rate for group sessions.</p>
<p>&#8220;You can’t charge more than you can comfortably ask because your discomfort will show through and hurt your credibility&#8221;</p>
<p>This took me a while to get to. I used to cringe/avoid/hesitate talking about price, which is crazy when I look back at it.</p>
<p>Great thoughts, thanks Milana</p>
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		<title>By: Barbara Saunders</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1537</link>
		<dc:creator>Barbara Saunders</dc:creator>
		<pubDate>Wed, 13 Jan 2010 18:44:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1537</guid>
		<description>Wilf - Right on! I think some of the worst advice conventional freelancers and business owners receive (still) is to calculate their fees by some very conservative formula based on their current hourly wage. It&#039;s bad advice for the reason you mention - the base numbers are often wrong. It&#039;s also bad advice because it fails to take into account what the underlying model is. 

As employees, we sell our time to someone who, in essence, packages our labor into something greater that is priced to the market based on VALUE not cost. This is equally true for the $75 per hour senior copywriter and the $5 per day worker in a sneaker-making factory. To break the cycle, we need to truly &quot;employ&quot; ourselves and think of our labor in that way, as an ingredient not our whole business. To succeed, we must find something of value that uses our labor but is worth much more to our customers than any standard rate for our occupation.</description>
		<content:encoded><![CDATA[<p>Wilf &#8211; Right on! I think some of the worst advice conventional freelancers and business owners receive (still) is to calculate their fees by some very conservative formula based on their current hourly wage. It&#8217;s bad advice for the reason you mention &#8211; the base numbers are often wrong. It&#8217;s also bad advice because it fails to take into account what the underlying model is. </p>
<p>As employees, we sell our time to someone who, in essence, packages our labor into something greater that is priced to the market based on VALUE not cost. This is equally true for the $75 per hour senior copywriter and the $5 per day worker in a sneaker-making factory. To break the cycle, we need to truly &#8220;employ&#8221; ourselves and think of our labor in that way, as an ingredient not our whole business. To succeed, we must find something of value that uses our labor but is worth much more to our customers than any standard rate for our occupation.</p>
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		<title>By: Wilf Archer</title>
		<link>http://www.coachingmillions.com/1605/how-to-set-your-life-coaching-fees/comment-page-1/#comment-1535</link>
		<dc:creator>Wilf Archer</dc:creator>
		<pubDate>Wed, 13 Jan 2010 18:14:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.coachingmillions.com/?p=1605#comment-1535</guid>
		<description>One of the biggest mistakes I made when I started out was to think that my clients couldn’t afford my fees.  I sat down and worked out how much money I needed to make to ensure I was financially viable as a business.  It soon became obvious that if I wanted to charge low fees then I would struggle with my mortgage and bills.  So I looked at how many hours I wanted to work to maintain my Work/Life Balance and how many clients I needed maintain my existing lifestyle.  It seemed pointless to work harder and longer as a self employed person and get less than I could whilst working for an employer.  There was one piece of advice that struck a cord with me though.  As an employee I was not worth my hourly equivalent rate.  My value to my employer was 5 to 6 times what I was being paid because that is what he was charging for my services.  I took my annual salary, divided it by my working hours, ensuring sufficient holidays and was surprised at how high the fee was.   I had felt uncomfortable charging much above my hourly rate and now I realised that my fees were less than a fifth of what my ex-employer was charging.  I set my fees accordingly and have never been short of work.  My clients have never questioned them either but if they did I would send them away.  I have never ever had a client who could not afford my fees and my fees are significantly higher than my nearest competitor.  
Wilf Archer</description>
		<content:encoded><![CDATA[<p>One of the biggest mistakes I made when I started out was to think that my clients couldn’t afford my fees.  I sat down and worked out how much money I needed to make to ensure I was financially viable as a business.  It soon became obvious that if I wanted to charge low fees then I would struggle with my mortgage and bills.  So I looked at how many hours I wanted to work to maintain my Work/Life Balance and how many clients I needed maintain my existing lifestyle.  It seemed pointless to work harder and longer as a self employed person and get less than I could whilst working for an employer.  There was one piece of advice that struck a cord with me though.  As an employee I was not worth my hourly equivalent rate.  My value to my employer was 5 to 6 times what I was being paid because that is what he was charging for my services.  I took my annual salary, divided it by my working hours, ensuring sufficient holidays and was surprised at how high the fee was.   I had felt uncomfortable charging much above my hourly rate and now I realised that my fees were less than a fifth of what my ex-employer was charging.  I set my fees accordingly and have never been short of work.  My clients have never questioned them either but if they did I would send them away.  I have never ever had a client who could not afford my fees and my fees are significantly higher than my nearest competitor.<br />
Wilf Archer</p>
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