There are many people out there who really have no idea how to plan their life. They zigzag and zigzag through life, wondering how they can achieve a goal. That’s where you come in and where you can make a lot of money guiding them. We announce 5 new methods to earn money by becoming a life coach.

1. Contact groups that need the expertise of a trainer to raise money for charities. This can be a niche of its own. Right now, with the economic downturn, nonprofits are really suffering from a lot of program funding. If you’re so inclined, this could be a very lucrative niche market to explore as a trainer. People feel stressed and upset and many people might need a coach right now.

2. Conduct local seminars for groups interested in learning the secrets of success for life. People are always looking for entertainment. Life improvement seminars are really a type of entertainment. Teaching groups is the most cost-effective and time-effective way to provide a product or service. You teach a lesson to many people simultaneously. It is a great way to earn a lot of money.

3. Approach an organization to use your skills to mentor teens or the unemployed.

4. Create a membership program that offers different levels of training for various client budgets.

5. Visit electronic bulletin boards, forums, and read articles where people are struggling and need a life coach. Contact them and offer them your solutions.