Being a motivational speaker can be a rewarding profession, intrinsically speaking. Nothing beats the feeling of inspiring people to make the best out of their lives and to see them get in touch with their inner talents in order to perform better at work.
A motivational speaker teaches how to earn with stocks, lose weight, improve lives at a personal level, and release any talents that people might be hiding. A speaker’s ability to convince and entertain the people they talk to make them special amongst the world of public speakers. There are speakers who speak at events where they are an expert in, while some are self-employed or affiliated with corporations, churches, government organizations, and educational institutions.
However, what about cash? How much does a motivational speaker actually make in what they do?
Speakers earn an annual salary of $90,000. As of 2013, the annual salary of speakers was at $88,000.
Regardless of the field that the motivational speaker took during his or her education, whether it is in theology, business, communications, or finance, experience almost always comes first when it comes to qualification. Those who capitalize in sharing their life experiences generally earn more than those who speak only in seminars related to one specific area of study. At average, a speaker who relies on experience than on education earns at least $2,000 to $3,000 more.
Aside from experience, those who have the capabilities of inspiring, leading, and relating to their audiences earn more money because they are hired more often. Other important factors that speakers should have include stamina, charisma, and wit when it comes to writing, storytelling, and speaking.
The demand for speakers depends mostly on what they specialize on. Speakers who specialize in business and sales get hired more often than those who specialize in the liberal arts or in healthcare. Other fields that are perennially in vogue include weight loss, making money, and improving ones spirituality. People have a lot of interest in these areas, and there is a lot of demand for people who specialize in these fields.
The average salary of a motivational speaker heavily varies depending on the region where he or she speaks often. The lowest annual salary that speakers receive is recorded to be at $54,000 to $57,000 in Hawaii, while it can go as high as $95,000 to $110,000 in California in its highest. In the Midwest, speakers often make an annual income ranging from $65,000 to $96,000. In the South Region of the United States, the average salary ranges from $75,000 to $104,000, especially in states such as Washington DC and Louisiana. In the northeast, speakers make the least money in Maine, at $75,000, and the most in New York, at $105,000 to $110,000 annually.
The factors which contribute to how much a speaker earns include the content of the speeches that they give, the reputation of the speaker, and the financial capacity of the person or entity hiring the speaker for the event to know more information about motivational speaker contact here motivational-speaker-success.
Less famous speakers often make more money through infomercials or by direct mail advertising. Income can also be increased by selling DVDs, CDs, and books talking about the topics they are most knowledgeable of. Motivational speakers who also sell these products tend to make $25,000 to $80,000 more than those who rely on their speeches alone, depending on the success of these products.
There is certainly a lot of opportunity for motivational speakers out there. However, the Bureau of Statistics in the United States does not forecast any jobs for motivational speakers. In related fields such as public relations, the Bureau suggests a 21 percent increase in employment.