The 5 Most Profitable Coaching Niches in 2024

Do you want to make $10k per month as an online coach? 

Here are the 5 MOST PROFITABLE niches right now, backed up by real market data.

Niche Number 1: Career Coaching

In this niche, Coaching Pays, “Literally”.

Career-driven people often find themselves stuck in a career that doesn’t pay them what they deserve. They might have the technical skills but not the communication skills to market themselves to their superiors or in a job interview. 

A common example is when experienced employees want to advance to the role of project manager. According to PayScale, Project Managers can earn up to $120,000 and more.

Let’s say your client Mark is currently earning $80,000 per year and would like to advance to the project manager position.

Now, the big question – how much is he willing to invest into making that transition?

Logically speaking, investing $5,000 once into career coaching to boost his income by $40,000 “annually” sounds like a fair trade.

Your career coaching is that valuable, and the right clients are willing to invest in their success.

So, with just 2 to 5 clients, you could be looking at a $10k income per month or more.

Now that depends on which kind of career jumps you help your clients achieve but as you can see from the previous example, it’s totally doable in this niche.

Niche Number 2:  Small Business Coaching

And right at this pivotal point, small business coaching steps in to make a real difference.

Running a small business can be overwhelming because owners juggle many responsibilities. Mistakes are easy to make.

Small business owners often start with daily tasks but over time, there’s a shift. They want more than just completing tasks.

Their goal? Not just survival but real business growth and increased earnings.

This is where small business coaching can make the biggest difference.

So, think of Return on Investment (ROI) as your measuring stick for coaching fees. The ROI shows if the coaching is really improving the business.

Let’s make another example, this time with John who is the owner of a well-established bakery. With the growth of his business, he faces operational challenges like:

1. Rushed products at a lower quality
2. Delayed deliveries
3. Unhappy customers

These things are slowly hurting his business and increasing his stress. John wants to fix these issues to protect the established reputation of his bakery.

How much do you think John is willing to invest in fixing these issues and protecting his bakery’s reputation?

Imagine contributing to his business’s monthly revenue by an additional $10k. If you can achieve that, then anything you charge for less than $10,000 has a positive ROI.

And if you help him make even more, like $20k, $30k, or even $50k revenue… That means more success for him and higher coaching fees for you!

According to the research done by Creatibly in this article, small business coaching usually starts at $1,000 minimum.

So, this way, to hit your 10k monthly target, you will need only 10 clients or even less, depending on the ROI you generate for your clients.

Niche Number 3: High-Performance Coaching

The BEST part about this niche is that GROWTH is the only option (for you and your client too).

Here, you often work with:

• High-level executives
• Entrepreneurs
• Or even athletes

They’re always looking for a way to balance success with well-being because of these common problems that these people encounter like:

1. Being productive
2. Feeling tired and stressed
3. Finding it hard to set and achieve big goals

Let’s imagine a solopreneur Sarah – who aims to reduce her weekly workload by 10 hours while boosting her business growth through improved performance. So, what’s the value you think she would be ready to invest to gain an extra 10 hours of free time per week? 

That is easily worth at least $1,000, if not more. And that’s how with just 10 clients, your goal of $10k monthly revenue becomes achievable.

Or in another example, let’s consider a lawyer called Alex who wishes to enhance his performance which would help him expand his law firm.

According to the research done by Comradeweb, the highest-performing lawyers earn roughly $10 million a year, do you think such a dedicated individual would be willing to invest $2,000, $3,000, or even $5,000 into improving his performance?

They absolutely do that which is why this is another great niche where you can easily hit your 10k goal with just a few clients every month.

Number 4: Leadership Coaching

Picture businesses as ships with captains navigating through storms and unknown waters.

The crew on such a ship needs a capable captain, and it’s exactly the same in business.

As a business grows, entrepreneurs need to step up as leaders.

But if the team isn’t managed well, it can be a real problem:

1. Costs a lot
2. Causing inefficiencies
3. Real chance of losing money
4. Losing of clients
5. Or losing even the whole business

Not to forget the burnout experienced by founders and business owners.

That’s why Leadership Coaching is so important.

Now, let’s say Chris is running a small online e-commerce business. His orders are increasing, and he’s seeing the need to not just hire a team but also lead the team – so that he can keep up with the workload and make customers happy.

But the question is how much is he willing to invest in himself?

It’s a transformative journey, as his business is growing, but if he pulls it off, he will surely be making more profits. So, he would totally be open to investing up to $2,000 and up to $5,000 in leadership coaching.

It’s a feasible amount to learn how to manage things and become a more effective leader for his team.

So, if you help out 2 to 3 clients, you could make $10k or even more every month. 

How much exactly depends on the profits your leadership coaching brings to your clients. But it’s clear from the earlier example that it’s attainable.

Number 5: Relationship Coaching

In this niche, the return on investment is measured in all the things human beings need and they are priceless such as:

• Emotional safety
• Love
• Stronger bonds
• And a deeper understanding

Nowadays, the most common problem in relationships is tough communication, struggling with intimacy, or giving up too easily. 

Some couples need support to achieve relationship goals, understand their partners better, or even just save the marriage from divorce.

Here’s an example:

Let’s say there’s a client called Harry facing relationship challenges. His communication with his wife has hit a rough patch, and they’re both feeling more distant than ever. Everything seems to be getting worse, and they’re unsure how to navigate it. His wife even brought up divorce already.

As you can see here in the report by Zip Recruiter, Relationship Coaches on average earn as much as $109,000.

But the real question is, how much is it worth to save the relationship?

How much is a couple willing to invest into their relationship to not just avoid becoming strangers, but to experience love and emotional safety again?

These things are priceless and it is not uncommon to invest between $2,000 and 3,000 dollars to save a marriage or find a life-long partner.

So, by helping 3 or 4 clients you could earn $10k or more each month.

Now that you know the 5 Most Profitable Niches, here’s my question to you:

Can you imagine becoming one of these coaches? 

If yes, then it’s time to start marketing yourself as a qualified coach in one of these niches.

Read this article next, 3 Effective Marketing Strategies For Coaches & Consultants, where I reveal 3 proven strategies to market yourself as an online coach.

And don’t forget to subscribe on my YouTube channel, @creategrowprofit.