Are you considering life coaching but are not sure how much it costs? Personal and business coaching can be valuable investments in yourself and your business.
It can help you achieve your personal and professional goals and live a more fulfilling life. But with any type of service, you want to be sure that you are getting good value for your money.
In this post, we will discuss the fees associated with life coaching so that you can make an informed decision about whether it is a suitable investment.
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Life coaching is an investment that can pay off in both the short and long run. Working with a life coach can give you the accountability and support you need to succeed if you're struggling to make significant changes in your life.
And while the cost of life coaching can vary widely, it's typically much less expensive than therapy or counseling.
The price variation is due to several factors, including the life coach's experience, location, and coaching type.
It can also depend on the length of time you commit to working with a life coach. Most life coaches charge by the hour or per session.
Some coaches also offer discounts for packages of multiple sessions or for longer-term coaching arrangements.
Let's look at some life coach rates to understand better what you can expect to pay.
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Life coaching packages fees are normally divided into hourly, monthly, and long-term coaching.
The hourly life coaching package is just what it sounds like- you pay the life coach for each hour (or session) that you meet.
This type of coaching can be a good option if you only need a few life coaching sessions to work on specific goals or if you want the flexibility to meet with your coach as needed.
Life coaches who charge by the hour typically range from $75 to $250 per session. In most cases, the life coach will require a minimum number of sessions (usually three to six) in order to help you achieve your goals.
Though the hourly rate may seem cheap for a life coach, it will be more expensive in the long run if you need multiple sessions.
Monthly life coaching is similar to hourly life coaching, except that you pay the life coach a monthly fee instead of an hourly rate.
This type of coaching can be a good option if you need more than a few sessions to work on your goals or if you want the life coach to be available to you on an ongoing basis. It's also best for mental health issues.
Monthly life coaching fees typically range from $500 for personal coaching to $1500 per month for executive coaching. Many coaches will include some incentives in the package to make it more affordable.
The incentives coaches will include in their monthly packages include:
Life coaching should not be a one-time event. It's a continuous journey you embark on, for better or worse.
Life coaching rates for a long-term commitment can be quite exorbitant, but the benefits far outweigh the costs.
After all, what's the point of having a life coach if you're not going to commit to the process?
If you're serious about making positive changes in your life, you need to be prepared to invest in a coach who can help you make those changes happen.
Long-term here means anywhere from six months to two years. Life coaching fees for a long-term commitment can range from $2000 to $5000 per month.
The pricing might seem high, but here you will have longer sessions with your life coach compared to the shorter monthly life coaching sessions.
And like monthly packages, long-term life coaching packages will also include incentives to make them more affordable. The most common incentives coaches include in their long-term packages are:
If you are not for the idea of a face-to-face life coaching session, then an online life coach cost will be a more affordable option for you.
Online life coaching industry is becoming increasingly popular because it's more convenient and accessible.
And because of this, online life coaching fees are lower than traditional or in-person life coaching rates.
Online life coaches typically charge between $50 and $100 per session. And like in-person life coaching, most online life coaches will require a minimum number of sessions (usually three to six) in order to help you achieve your goals.
But the beauty of online life coaching is that you can usually get started with just a few sessions and then increase the frequency or duration of your sessions as you progress.
The simple answer is that life coaching is expensive because it works. If you're serious about making positive changes in your life, you need to be prepared to invest in a life coach who can help you make those changes happen.
Or, if your business is struggling and you're not sure how to turn things around, then a business coach can help you get back on track. Coaching services are not a luxury; they are investments in your future. And like the majority of investments, the more you put into it, the more you'll get out of it.
Life coaching pricing can vary depending on the coaching packages and incentives and the type of support you're looking for.
The pricing can also vary depending on whether you're looking for a short-term or long-term life coach.
And for those with busy schedules or low budgets, online life coaching is a more affordable and convenient option.
Finally, life coaching can be expensive, but it's an investment that will pay off in the long run. If you're serious about making positive life changes, don't let life coaching pricing deter you.
The benefits of life coaching far outweigh the costs. So find a life coach that you can afford and commit to the process. It'll be worth it in the end.
A verbal contract (formally called an oral contract) refers to an agreement between two parties that's made —you guessed it— verbally.
Formal contracts, like those between an employee and an employer, are typically written down. However, some professional transactions take place based on verbally agreed terms.
Freelancers are a good example of this. Often, freelancers will take on projects having agreed on the terms and payment via the phone, or an email. Unfortunately, sometimes clients don't pull through on their agreements, and hardworking freelancers can find themselves out of pocket and wondering whether a legal battle is worth all the hassle.
The main differences between written and oral contracts are that the former is signed and documented, whereas the latter is solely attributed to verbal communication.
Verbal contracts are a bit of a gray area for most people unfamiliar with contract law —which is most of us, right?— due to the fact that there's no physical evidence to support the claims made by the implemented parties.
For any contract (written or verbal) to be binding, there are four major elements which need to be in place. The crucial elements of a contract are as follows:
Therefore, an oral agreement has legal validity if all of these elements are present. However, verbal contracts can be difficult to enforce in a court of law. In the next section, we take a look at how oral agreements hold up in court.
Most business professionals are wary of entering into contracts orally because they can difficult to enforce in the face of the law.
If an oral contract is brought in front of a court of law, there is increased risk of one party (or both!) lying about the initial terms of the agreement. This is problematic for the court, as there's no unbiased way to conclude the case; often, this will result in the case being disregarded. Moreover, it can be difficult to outline contract defects if it's not in writing.
That being said, there are plenty of situations where enforceable contracts do not need to be written or spoken, they're simply implied. For instance, when you buy milk from a store, you give something in exchange for something else and enter into an implied contract, in this case - money is exchanged for goods.
There are some types of contracts which must be in writing.
The Statute of Frauds is a legal statute which states that certain kinds of contracts must be executed in writing and signed by the parties involved. The Statute of Frauds has been adopted in almost all U.S states, and requires a written contract for the following purposes:
Typically, a court of law won't enforce an oral agreement in any of these circumstances under the statute. Instead, a written document is required to make the contract enforceable.
Contract law is generally doesn't favor contracts agreed upon verbally. A verbal agreement is difficult to prove, and can be used by those intent on committing fraud. For that reason, it's always best to put any agreements in writing and ensure all parties have fully understood and consented to signing.
Verbal agreements can be proven with actions in the absence of physical documentation. Any oral promise to provide the sale of goods or perform a service that you agreed to counts as a valid contract. So, when facing a court of law, what evidence can you provide to enforce a verbal agreement?
Unfortunately, without solid proof, it may be difficult to convince a court of the legality of an oral contract. Without witnesses to testify to the oral agreement taking place or other forms of evidence, oral contracts won't stand up in court. Instead, it becomes a matter of "he-said-she-said" - which legal professionals definitely don't have time for!
If you were to enter into a verbal contract, it's recommended to follow up with an email or a letter confirming the offer, the terms of the agreement , and payment conditions. The more you can document the elements of a contract, the better your chances of legally enforcing a oral contract.
Another option is to make a recording of the conversation where the agreement is verbalized. This can be used to support your claims in the absence of a written agreement. However, it's always best to gain the permission of the other involved parties before hitting record.
Fundamentally, most verbal agreements are legally valid as long as they meet all the requirements for a contract. However, if you were to go to court over one party not fulfilling the terms of the contract, proving that the interaction took place can be extremely taxing.
So, ultimately, the question is: written or verbal agreements?
Any good lawyer, contract law firm, or legal professional would advise you to make sure you formalize any professional agreement with a written agreement. Written contracts provide a secure testament to the conditions that were agreed and signed by the two parties involved. If it comes to it, a physical contract is much easier to eviden in legal circumstances.
Freelancers, in particular, should be aware of the extra security that digital contracts may provide. Many people choose to stick to executing contracts verbally because they're not sure how to write a contract, or they think writing out the contract terms is too complicated or requires expensive legal advice. However, this is no longer the case.
Today, we have a world of resources available at our fingertips. The internet is a treasure trove of invaluable information, platforms, and software that simplifies our lives. Creating, signing, and sending contracts has never been easier. What's more, you don't have to rely on a hiring a lawyer to explain all that legal jargon anymore.
There are plenty of tools available online for freelancers to use for guidance when drafting digital contracts. Tools like Bonsai provide a range of customizable, vetted contract templates for all kinds of freelance professionals. No matter what industry you're operating in, Bonsai has a professional template to offer.
A written contract makes the agreement much easier to prove the terms of the agreement in case something were to go awry. The two parties involved can rest assured that they're legal rights are protected, and the terms of the contract are sufficiently documented. Plus, it provides both parties with peace of mind to focus on the tasks at hand.
Bonsai's product suite for freelancers allows users to make contracts from scratch, or using professional templates, and sign them using an online signature maker.
With Bonsai, you can streamline and automate all of the boring back-office tasks that come with being a freelancer. From creating proposals that clients can't say no to, to sealing the deal with a professional contract - Bonsai will revolutionize the way you do business as a freelancer.
Why not secure your business today and sign up for a free trial?