You became a coach
because you wanted to do something impactful
and meaningful in your life, and at the same point of time,
you wanted to do something that was profitable,
where you could really honor your time,
your energy, your resourcefulness
with the appropriate amount of income
that you wanted to make for that work.
So what are some of the niches?
What are some of the areas?
What are some of the markets that we could tap into
that would be most profitable for us in this year?
Starting from number five.
The fifth most profitable niche for 2023
is going to be wellness coaching, or wellbeing coaching.
Wellness or wellbeing coaching
is closely related to health coaching,
but it encompasses personal development and personal growth.
You see, more and more of the world is getting unhealthier.
We are finding ourselves to be more obese,
we are finding ourselves to have different conditions
and that is largely related to stress.
The chaoticness that is around us,
the noises, the media channels,
the noise of different opinions,
it is a literally breaking our health and our wellbeing,
and which is why wellbeing coaches, or wellness coaches,
are higher in demand.
See, as we become more affluent society,
a society that has a lot more abundance
and access to money,
the first thing that we are gonna pursue
is to be able to work with someone
that can help us live a better life.
Have you found yourself wanting to work with someone
because you feel that you're a little bit disconnected
from your purpose?
Do you feel like you've reached out to someone
who can help you take care of that chronic pain
that you might have?
You may be wondering if there was somebody
who can help you live a healthier,
better, more uplifted life,
these are all jobs that are done
by a wellness or a wellbeing coach.
And that is why I'm saying
the fifth most profitable niche in 2023
because of the amount of demand it's going to have
and it already has, is wellness or wellbeing coaching.
Fourth most profitable niche is going to be life coaching.
This kind of coaching works with individuals
that are wanting to work in different areas of their life.
If you're struggling to live
the most epic relationship off your life,
or be in the most epic relationship off your life,
you'll probably reach out to a life coach.
If you're looking to be able to live a more fulfilled life,
have purpose and meaning in your life, it's very likely
that you are going to reach out to a life coach.
If you find that you are constantly struggling
with negative thoughts and negative opinions
and negative narratives in your mind,
you're more likely to want to work with a life coach.
These all circumstances that happen in our day-to-day life,
where we feel that life's not as fulfilling, as gratifying,
as wonderful as we once imagined it to be,
these are all the things
that you reach out to a life coach for.
A life coach is somebody that brings attention
to different areas of your life.
They're not constrained by a singular area,
they're somebody who works holistically in your entire life.
The reason why this niche is so very profitable
and so very desired right now,
is because it works across the different field,
which means that every single time you work with a client,
you can easily transition from one area of their life
to another area of their life, to another area of life,
which means every new client you generate
can be a client of yours for a long time.
See, we as human beings want to always grow and prosper.
And because we want to grow, we always want to grow
in all the different areas of our lives,
wherever we feel we are underperforming,
wherever we feel we are not satisfied
as much as we would like to,
we want to be able to grow and find new purpose,
new meaning, new direction,
new growth areas, growth edges.
And that is why a life coach is so valuable,
they can not only work on one area of a person's life,
but in many areas.
This also makes your contracts pretty long term.
You may start with a client for a month,
two month, or three month package,
but soon enough you'll realize that while you've helped them
navigate one area of their life,
there might be other areas of their life
that they may want to work with you on.
And because of that,
your contracts are a little bit more long term,
making this niche a very profitable niche.
Which brings me to the third most profitable niche in 2023,
and that would be high-performance coaching.
High-performance coaching is often implemented
in a person's work setting.
This kind of coaching is very valuable
to companies large, small, mid-size,
because everybody wants their workforce
to do better than what they were doing before.
With the introduction of new artificial intelligence tool,
with the introduction of new productivity tools,
companies are wondering how can they utilize their workforce
to the maximum benefit.
How is it that they can get the most out of the talent
that they already have?
You see, with the economy at stake,
with all the different changes that are happening around us,
more and more companies are concerned
about not wanting to hire too many employees,
and so they want to empower their current employee base,
the current talent that they already have,
with high performance coaching tools,
so these team members that they already love
and are already employed with this company
can do better than what they were doing before.
This is why high-performance coaching
is very high in demand.
So if you're somebody
that is in the field of high-performance,
you may want to consider turning yourself
into a high-performance coach.
You might be able to help these companies
really get the maximum from their team members
and for these team members
to really perform at their highest level.
And that brings me to the career coaching,
or career transition coaching.
You see, 2023 since the starting of the year
has brought a lot of bad news for individuals
that were in safe careers, or careers that felt really safe.
These were careers in technology,
careers in different industries.
And as we've seen the massive layoffs that have happened
and that have continued to happen in the past year
and more specifically this year,
more and more individuals are wondering
if the career that they chose was the right career,
if the career that they are currently in
is the right career.
And because of that, more and more of us
are wondering if we need to rediscover
what career even means for us,
what is it that we even want to do and pursue
and are we happy doing what we are doing.
And if the answer is no,
they are very likely to look for a career transition coach,
or a career coach.
And this is why career coaching,
or career transition coaching is going to be
and is already a very profitable niche.
Which brings me to the most profitable niche of 2023,
and this happens to be the niche
that is always the most profitable niche
when we have the world going into a situation,
a crisis you may call it,
a concern or a challenge you may call it,
and that is small business coaching.
You see, small businesses create a real foundation
for every single economy in the world.
Small businesses is what makes the economy
most of the time for countries around the globe.
And because of that,
small businesses are something that always need to aspire,
need to be bigger, need to ask a better question,
need to find the right coach
every single time the economy struggles,
because while, yes,
they are the most important part of the economy,
they're also the ones that usually get the worst hit
when the economy is struggling.
They also have the greatest opportunity
because of their size, they're flexible, they're fast,
they can really change and adapt to the world,
but they do need some guidance,
they need somebody to come along that ride
who can show them the way.
And that is where small business coaching
becomes the most profitable business to get into right now,
the most profitable niche to get into right now.
And once a small business gets success with you,
they want to work with you forever and ever and ever.
Some of my small businesses that I've worked with
have now worked with them for five years
and we still renew contracts
at six figures every single year
because these small businesses can't get enough
of that growth that they're experiencing.
And this is why being a small business coach
might be the most profitable niche
that one could be in right now.
Now, you may be wondering,
"Ajit, you've given me so many options,
"I could choose any of these niches
"but which one do I choose?"
But fear not, we have developed a quiz for you.
This quiz is a simple five minute quiz
that you can take that will give you some guidance
towards what kind of coaching may be right for you
based on who you are, what interests you,
what your desires are.
Go ahead, click on the link below
in the description of this video,
so you can go ahead and take that quiz.
I would love to know which niche does my community,
you, really, really like
and are really, really excited about.
Go ahead, use the comment section below
and share with me which coaching niche do you think
is going to be most profitable and if you're already in it.
Thank you so much for watching.
This is Ajit, and I'll see you in the next video.