6 Coaching Business Success Stories [2024]
A coaching business involves providing personalized guidance, support, and advisory services to help clients achieve professional and personal growth.
As an entrepreneurial coach, you design customed sessions to motivate positive change around life balance, career transitions, leadership, or wellness goals tailored to each client.
With flexibility for in-person or virtual meetings, building a client base lets you empower breakthroughs through strategic advice.
For those with speaking talents and expertise in their specialty, launching a coaching practice allows you to monetize your natural motivational abilities while setting your own schedule.
Here are some real life success stories of starting a coaching business:
1. Peak Prosper ($312K/year)
How much they make: $312K/year
Current team size:
Peak Prosper helps coaching and consulting businesses achieve scalable growth by offering mindset coaching courses to entrepreneurs, enabling them to build a successful business that works with their active lifestyle while also assisting them in getting rid of obstacles and boosting their revenue.
Learn more about starting a coaching business:
Where to start?
-> How much does it cost to start a coaching business?
-> Pros and cons of a coaching business
Need inspiration?
-> Examples of established coaching business
-> Marketing ideas for a coaching business
Other resources
2. Website Rental Coaching ($504K/year)
The daily workload at his 9-5 job at General Electric as an HR left Luke unfulfilled from his career, and while he was searching for a profitable side gig, he realized that websites are like digital properties. With a top-ranking lead generation website, he could rent it to local businesses and earn a steady monthly income. Luke quit his job at the 6-month mark and hit six figures by the one-year mark of starting this business.
How much they make: $504K/year
How much did it cost to start: $8K
Current team size: 0
Luke Van Der Veer's Website Rental Coaching business teaches people how to create passive income by renting lead generation websites to local businesses, which has helped him generate $42,000 per month as of April 2022.
3. Healthpreneur ($6M/year)
Yuri Elkaim, the founder and CEO of Healthpreneur®, came up with the idea for his business after receiving numerous requests from health professionals in need of business advice. Realizing that there was a lack of business education in the health industry, Elkaim decided to provide coaches and health professionals with the coaching, systems, and processes they needed to build successful online coaching businesses. With their flagship product, the Health Business Accelerator Program, Healthpreneur® has helped their clients generate over $217 million in revenue and aims to transform the health and lives of 1 billion people worldwide.
How much they make: $6M/year
How much did it cost to start: $0
Current team size: 20
Healthpreneur® founder Yuri Elkaim's coaching company has helped naturopaths, functional medicine doctors, dietitians/nutritionists, therapists, online fitness coaches, and health, life, and relationship coaches through transformational coaching paired with predictable systems, frameworks, and processes, generating $217 million for their clients.
4. MentorCruise ($480K/year)
Dominic Monn came up with the idea for MentorCruise while facing the challenge of finding a mentor during his own career development. He realized that mentorship was a major problem for many professionals, so he built a coaching marketplace where career professionals could turn their knowledge into a marketable coaching business and mentees could easily find a mentor. Despite the challenges of building the platform while balancing his studies and a full-time job, MentorCruise now makes around $24,000 per month in commissions and processes over $120,000 every month for its mentors.
How much they make: $480K/year
How much did it cost to start: $0
Current team size: 5
MentorCruise is a career coaching marketplace generating $24k MRR and processing $1M annually for mentors, with most traffic and sales coming from SEO and organic sources, currently looking to expand to the B2B market.
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
