Coaching is a highly profitable business model. As a coach, you sell your experience and personal time. If you help people transform their lives, that means a lot to them. And becoming a life coach can also be very satisfying.
Coaching is a skill that can be learned. It's not a business in and of itself. Spend some time thinking about the name of your company. But don't spend too much time on this step.
Choose a name that makes you feel good and move on. Some coaches start with this step: they think in terms of the number of sessions and the length of those sessions. I thought the problem was that training is basically a therapy provided by a COMPLETELY unqualified person. Regardless of the situation their clients are in, they'll be looking for a life coach who emits an aura of success, trust, and support.
I agree that training is a skill and that you are passionate about your skill will help you overcome those difficult moments. However, obtaining personal trainer credentials from a recognized organization such as the International Coaching Federation (ICF) increases your credibility, especially when you're just starting out and don't have many customer testimonials yet. You'll also want to set up an agreement for your services based on the training package your client has chosen. If you decide that you want it to be a business, make sure you start thinking about your niche from the start while you're in classes and, when you train practice clients, try to find those who are in the desired niche.
By the way, it seems that there are a lot more female trainers, or maybe the guys are just less responsive. Setting up a phone for your business is one of the best ways to help keep your personal and professional lives separate and private. So follow this message strongly because it is the one that will work for those who want to earn money training. I love training and partnering with my clients, watching their growth and experiencing their “AHA” moments.
Even if a company has employees who provide coaching services, the business owner is usually the leader who oversees all training. My coaching school has deceived me a bit, thinking that I just have to want him enough and customers will knock on the door. Most of the new trainers I've worked with have found their first clients through their personal network and in-person networks. It may sound intimidating, but with the right training, tools, and experience, you can prepare yourself (and your life coaching business) to become a successful life coach.
When the right person experiences what it means to train with you, they're more than willing to invest in paid coaching.