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What is your opinion on coaching/consulting?

by FreedomBlogger
25 replies
Hello badass warriors!

I'm looking for some opinions and advice on IM Coaching;

how much would you pay someone (who has a lot of internet marketing experience) for a coaching or consulting session?

and what type of services would you prefer? ... like an hourly rate, a package, a monthly rate, etc.

And if have some experiences with this, what were the rates you found more effective??

I would like to have a good idea of the coaching prices in the internet marketing niche.

I have been researching to see what others are saying, but I thought this would be a great place to have more direct opinions and answers.

I really appreciate your input!

Thank you!
#coaching or consulting #opinion
  • Profile picture of the author agmccall
    So, you want to be a coach? is that what this is about?

    al
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    "Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas Edison

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    • Profile picture of the author FreedomBlogger
      Originally Posted by agmccall View Post

      So, you want to be a coach? is that what this is about?

      al
      I have been studying and investing a lot of time and money into my internet marketing education. Coaching and consulting is something I'm looking to put together soon.

      do you have any good advice on this?

      I would really appreciate it man!

      Thanks!
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      • Profile picture of the author JC Web
        Originally Posted by FreedomBlogger View Post

        I have been studying and investing a lot of time and money into my internet marketing education.
        ....
        This is what you think qualifies you to be a coach? Not surprising around here unfortunately. Please don't go and ruin people's lives just to make a buck.
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        • Profile picture of the author FreedomBlogger
          Originally Posted by JC Web View Post

          This is what you think qualifies you to be a coach? Not surprising around here unfortunately. Please don't go and ruin people's lives just to make a buck.
          haha good sense of humor JC!!

          So, let me think ..... about 4 years of experience, dedication, and education ....

          Thousands of dollars invested in very intensive internet marketing education, courses and even mentoring ....

          Thousands of dollars made online thanks to this knowledge being implemented ......

          Having a big social following and a great reputation online ....

          Does not "qualify me" to help someone new to accomplish success online???

          hhhmmmm I guess if you say so!! LOL

          I have helped so many people in this industry through my blogs, videos, ebooks, and podcasts .... already ...and still counting!

          I do this to help as much as possible - I genuinely care about people. The money is simply a byproduct of the value you provide.

          Help people get what they want, and you will get what you want. That's just the universal law for success in this beautiful life!

          I have a passion in teaching and I freaking love it. That is why I want to start helping people one on one. I have a vision to help hundreds of people become financially free in life, each year. That is my goal every year, and I am going full throttle at it!

          I have coached people for free already. And they all tell me the same thing; that I have a gift to break things down in the simplest way possible, in order to teach the best way possible.

          But, I always say, I am not especial and we all have the same gifts in life. It is just harder for some to recognize them and bring them out - and a lot easier for others. That's it.

          I empower people with the right knowledge, the right energy, and the right belief in them.

          You see ... true intelligence is simple ...

          ... the more you can break down information, and then break down what you have broken down, and so on and on and on .. ... the better you can learn the information and the better you can explain it to others

          Imagination is more powerful than knowledge. (Einstein even said it)

          That statement right there is very true. I am a living proof of that.

          I moved to the US at age 15. I dropped out of High School. I worked in construction for several years - until I got sick and tired of it.

          And that is when I started my online journey. I had no idea what a domain name even was!! lol

          I had to learn every single thing from scratch. I had to fail and make mistakes many times, before finding my success in this business.

          I just turned 27 years old, not too long ago. And I have been so dedicated to learn as much knowledge as possible - in many different topics.

          I have dedicated so much time and effort into learning internet marketing, blogging, networking, etc. I've even met online millionaires (in person) throughout the years. I bought their courses and coaching.

          When I turned 22 years old, that is when my brain did a complete flip on me. All of a sudden I got REALLY hungry for knowledge.

          I would rather study and take action online than go party and hang out with my friends.

          Is like a light-switch went on inside my mind. Knowledge and imagination became my best friends!

          I'm studying Quantum Physics now, and World History. All with my own initiative and passion to learn as much knowledge as possible. I just love learning and teaching!

          The best teacher is also the best student. And the best student is also the best teacher. That's the raw truth.

          I can sit here, and share so much knowledge on many many topics. I spent years, learning and experimenting, as much as I could. And I still am - because this just never ends!

          Remember; I'm a foreigner and high school dropout!! (and I come from a very broken home too) ...

          I am so thankful, and grateful, for everything that happened in my life. I would not change a single thing in my past. Without my past, I would not be here empowering people. I would not be growing stronger each day. I would not be the man I am today. I would not be achieving greatness in my life. I would not be as powerful, if I didn't grow up the way I did.

          It does not matter where you come from - what matters is where you are going. It does not matter what happens to you, what matter is what you are going to do about it.

          You always have a choice.

          Burning desire and vision is what takes you to the destination you always dream about.

          Man, I can go on and on, sharing knowledge and inspiration. You have no idea! haha

          Thanks for bringing the matches to my candles JC!! ... I think I needed some fire to light up this forum thread!! hahaa

          I was just looking for sincere opinions on how to approach coaching and the inputs from people with experience in this topic.

          No matter how much you think you know - there will always be room for more knowledge!!!

          Thanks for the fire JC!!

          I really appreciate you!
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          • Profile picture of the author The Cypher
            Originally Posted by FreedomBlogger View Post

            how much would you pay someone (who has a lot of internet marketing experience) for a coaching or consulting session?
            Kind of a trick question. It really depends on what you can provide the student/client in the end. The biggest problem on this forum is that people put situations all in tight-knit little boxes that they believe to be where it needs to be. Take this real-world example...

            When I was in Nightlife Consulting (Bar/Clubs in case that's unclear), I was charging $2,500/week for one client because I was constantly able to bring in about $15,000 - 20,000 in additional revenue each week. Do you think the $2,500 meant anything to them? They never fussed about the fee because the results were there.

            However, after landing a smaller client where I was able to consisently bring in $5,000 in weekly revenue, the $2,500 consulting fee seemed a bit daunting. ($5,000 is gross revenue, minus cost of goods, labor etc) Because the ROI was not clearly there. On paper it seems fine but there are many other variables in place you have to consider.

            If you could increase my business revenue threefold in a certain timeframe, I would not be phased to shell out $100,000 just for your time... it's all relative to what you provide.

            But this is the difference between 'real coaching' and WF 'coaching'.

            Originally Posted by Jason Kanigan View Post

            Be one thing to some people. You can broaden out later.
            Exactly!

            Originally Posted by FreedomBlogger View Post

            So, let me think ..... about 4 years of experience, dedication, and education ....

            Thousands of dollars invested in very intensive internet marketing education, courses and even mentoring ....

            Thousands of dollars made online thanks to this knowledge being implemented ......

            Having a big social following and a great reputation online ....

            Does not "qualify me" to help someone new to accomplish success online???
            Okay, first of all, I'm going to approach this as unbiased as I can, and from the angle of trying to help you. So don't take any of this the wrong way.

            That entire comment was bogusly arrogant and if you are sincere about helping people, you need to hop off your high-horse.

            If I paid $7,500,000 for books, online lessons and education on how to fly a plane, but never flew one - Does that qualify me to be a pilot?

            If I prayed on the side of my bed to be a pilot, and I was super dedicated about becoming one - Does that qualify me to be a pilot?

            If I have 15,000,000 people on my Facebook page all rooting for me to go be the best pilot I can be - Does that qualify me to be a pilot?

            If I've flew a 4 seater private plane twice - Does that qualify me to fly a Passenger Jet?

            Now before you completely jump down my throat, I say this because people GROSSLY over-estimate their training and knowledge. I'd rather hire one IMer that has taken action on the only WSO they bought than to hire someone who purchased 500 WSOs and haven't done anything about it.

            The last thing I quoted from you is I think, the humblest thing you've said on this thread...

            Does not "qualify me" to help someone new to accomplish success online???
            It seems like this is your niche. So stop right here and take a moment to search yourself. Why are you focused on figuring out the key to how much you can charge people just starting out?

            Is it to make a living coaching? Why not barter a JV relationship, you build them up train them for 20% of their business - this is what I do, and I do this on a much higher level than you will be.

            If your passion is in fact coaching, you have to be able to understand who your audience is first, not how much you can get away charging them.

            Not trying to be a Debbie-Downer, but seriously people need to hear some hard-truths rather than being pampered.



            Last thing, just so I end on a positive note, in my business, the last person we paid as a consult we paid $750 for an hour, then since we ran out of time, wired him $1,000 to continue on for another hour. We did this because he wasn't coaching generic things, he was in our accounts, actively showing us where we were bleeding and where our leverage points where in his area of expertise. If I was getting into or starting IM, I would never pay for individual sessions, I'd pay for a program.
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      • Profile picture of the author agmccall
        Originally Posted by FreedomBlogger View Post

        I have been studying and investing a lot of time and money into my internet marketing education. Coaching and consulting is something I'm looking to put together soon.

        do you have any good advice on this?

        I would really appreciate it man!

        Thanks!
        You charge what you think you are worth. And, if people believe you are worth that then they will pay.

        I would personally never hire a coach. There is just so much more information available for free or specific info products for a lot less money.

        There is no better coach than trial and error

        al

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    • Profile picture of the author discrat
      Originally Posted by agmccall View Post

      So, you want to be a coach? is that what this is about?

      al
      He wants a Coach to teach him how to be a Coach so he can go out and teach others how to Coach
      others to be Coaches... to infinity



      - Robert Andrew
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  • Profile picture of the author Max Anderson
    If it's real one on one coaching and the coach has a proven track record $500 an hour would be fair.

    However, if it is the regular crap coaching offered over 8 weeks with a group of different people that all need to learn different things and have different troubles not even half that.

    By the way... I have yet to see anyone in the IM space doing real coaching and not just calling it that to ask for a higher price...
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    • Profile picture of the author FreedomBlogger
      Originally Posted by Max Anderson View Post

      If it's real one on one coaching and the coach has a proven track record $500 an hour would be fair.

      However, if it is the regular crap coaching offered over 8 weeks with a group of different people that all need to learn different things and have different troubles not even half that.

      By the way... I have yet to see anyone in the IM space doing real coaching and not just calling it that to ask for a higher price...
      Alright. I hear you there!

      I know the better the reputation of the coach, and the more track record of accomplishments in the field, the more you can charge. That's obvious, right.

      I agree that the coaching has to be the best and the most legit possible - to get the best profits!

      Thanks for your input man!
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  • Profile picture of the author Jason Kanigan
    Solve a specific problem for a specific group of people.

    Don't try to be all thing to all people...many things to many people...or even ONE thing to all people.

    Be one thing to some people. You can broaden out later.

    In online coaching, 8/10 people won't do a darn thing. They'll pay you and they won't say a word, but they won't do any work because work isn't what they signed up for. And they know it's their responsibility that nothing happened.

    Odds are if you have a membership site or DVD training they won't even "open the box".

    That's not just me--it's a statistic I've seen time and time again from coaches...even those who charge $100,000 or more for what they do! So money/investment is not a factor.

    Don't think you are going to change the world. You MIGHT change the world of a handful of people. But always remember that most will flake out. They'll say all the right things at the beginning, make all the promises, tell you they'll show up. When the stage lights come on, though, they're nowhere to be found.

    What can you charge?

    What size of problem are you solving?

    Let me use some realistic numbers for this forum.

    If you're helping someone build a $5000/mo business, that's $60K a year and you deserve at least $3000-6000.

    I would get paid as much up front as you can, because every time you go back for the next payment you must make the sale all over again.

    Full payment up front = as good as a commitment as you're going to get out of a client.

    Do your due diligence on them as they would on you: "Can you give me an example of something you've been given instructions on and completed, that took longer than a few days to finish?" Doesn't matter if the answer is about an online or business thing or not. The key is commitment and follow-through.
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    • Profile picture of the author FreedomBlogger
      Originally Posted by Jason Kanigan View Post

      Solve a specific problem for a specific group of people.

      Don't try to be all thing to all people...many things to many people...or even ONE thing to all people.

      Be one thing to some people. You can broaden out later.

      In online coaching, 8/10 people won't do a darn thing. They'll pay you and they won't say a word, but they won't do any work because work isn't what they signed up for. And they know it's their responsibility that nothing happened.

      Odds are if you have a membership site or DVD training they won't even "open the box".

      That's not just me--it's a statistic I've seen time and time again from coaches...even those who charge $100,000 or more for what they do! So money/investment is not a factor.

      Don't think you are going to change the world. You MIGHT change the world of a handful of people. But always remember that most will flake out. They'll say all the right things at the beginning, make all the promises, tell you they'll show up. When the stage lights come on, though, they're nowhere to be found.

      What can you charge?

      What size of problem are you solving?

      Let me use some realistic numbers for this forum.

      If you're helping someone build a $5000/mo business, that's $60K a year and you deserve at least $3000-6000.

      I would get paid as much up front as you can, because every time you go back for the next payment you must make the sale all over again.

      Full payment up front = as good as a commitment as you're going to get out of a client.

      Do your due diligence on them as they would on you: "Can you give me an example of something you've been given instructions on and completed, that took longer than a few days to finish?" Doesn't matter if the answer is about an online or business thing or not. The key is commitment and follow-through.
      Very interesting!

      I like your input here. I agree with you with this.

      I do see that a lot of people pay for training, coaching and stuff like that and never really take it seriously. I guess that's something you can't really control, right.

      You are right with your points man!

      Thank you very much!

      I appreciate it!
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  • Profile picture of the author Randall Magwood
    Coaching and consulting is great. You should do it. Getting clients isn't as easy as they teach you in the marketing books, but once you get the hang of it, it will be as easy as selling ebooks online.

    But you need to know that marketing products vs. marketing services is different. Seek out a good course that can show you how to market your coaching service business successfully.

    A good course I can recommend is Bob Serling's "How to Market Your Way to a Million Dollar Professional Service Practice". You can use all the techniques and apply it your coaching/consulting business.
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    • Profile picture of the author FreedomBlogger
      Originally Posted by Randall Magwood View Post

      Coaching and consulting is great. You should do it. Getting clients isn't as easy as they teach you in the marketing books, but once you get the hang of it, it will be as easy as selling ebooks online.

      But you need to know that marketing products vs. marketing services is different. Seek out a good course that can show you how to market your coaching service business successfully.

      A good course I can recommend is Bob Serling's "How to Market Your Way to a Million Dollar Professional Service Practice". You can use all the techniques and apply it your coaching/consulting business.
      Thanks for your input Randall!!

      I agree with you - you have to market services a bit differently than products.

      I don't worry about the marketing part. I already know how to market effectively online. That is not a problem. I'm just looking more for opinions and advice on how to approach this and stuff like that. You know what I mean

      I have been reading about this topic as well. I will definitely check out what you are recommending here. I appreciate it!
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  • Profile picture of the author DotComHelp
    I would lean toward the consulting side at first.

    Create a client questionnaire and offer a free strategy session over the phone.

    Use a web form to filter the kind of clients you want to work with, so you don't waste time on the phone talking to people who can't afford your services.

    Don't even mention $500 an hour consulting in your website, though. Get people who truly want your help to sign up for the free strategy session first. Then, if they are a good match and you can help them, come up with a consulting package that fits within their budget as you talk with them on the phone.

    As far as pricing goes I think you have to find out what each of your prospects can afford to pay before you put up a sales page with a stndard hourly price. You can be off by a hundred dollars and miss out on a bunch of sales if the pricing is wrong, that's why I would price according to each client.

    I'm getting into coaching and consulting, too, and I learned a ton of stuff from Jay Abraham. I would check out some of his stuff.
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  • Profile picture of the author Brent Stangel
    In online coaching, 8/10 people won't do a darn thing.
    Even if you draw them a detailed map and push them in the right direction.

    I would think long and hard before getting into IM coaching. There are easier and much more satisfying ways to make money online.
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    • Profile picture of the author Steve B
      What are your credentials to become a coach?

      Have you mastered the skill of Internet marketing?

      How many different business models have you been profitable in? (like e-commerce, affiliate marketing, subscription sites, PPC, and on and on)

      How many different markets have you been profitable in?

      What kind of monthly revenues have you posted in your IM sites?

      The reason for these questions is this: I have found that most IMers that are making a substantial and consistent income have mastered one or two business models and maybe 2-5 different markets. But they would be total flops at doing things they had no experience in. They are specialists, of a sort.

      So if I were to hire you as a consultant or coach, I would ask for verifiable information on your profitable businesses, to see your web sites, and to know that your were competent in the areas that I wanted to learn.

      For example, if I wanted to make full time income from an Amazon store, I would expect that you had done that very thing. If I wanted to run a six figure membership site, I would want to know that you had done that yourself.

      What I would want from a coach is to know that he had been on the journey and had reached the destination that I was striving for. If you've been down that path, you can show me the pitfalls, the detours, how to get past the specific obstacles that I will face.

      My experience is that coaches are great at "their thing" but know little about other things they haven't experienced.

      So, I would ask, what markets and niches have you been in and how successful have you personally been?

      Steve
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      • Profile picture of the author FreedomBlogger
        Originally Posted by Steve B View Post

        What are your credentials to become a coach?

        Have you mastered the skill of Internet marketing?

        How many different business models have you been profitable in? (like e-commerce, affiliate marketing, subscription sites, PPC, and on and on)

        How many different markets have you been profitable in?

        What kind of monthly revenues have you posted in your IM sites?

        The reason for these questions is this: I have found that most IMers that are making a substantial and consistent income have mastered one or two business models and maybe 2-5 different markets. But they would be total flops at doing things they had no experience in. They are specialists, of a sort.

        So if I were to hire you as a consultant or coach, I would ask for verifiable information on your profitable businesses, to see your web sites, and to know that your were competent in the areas that I wanted to learn.

        For example, if I wanted to make full time income from an Amazon store, I would expect that you had done that very thing. If I wanted to run a six figure membership site, I would want to know that you had done that yourself.

        What I would want from a coach is to know that he had been on the journey and had reached the destination that I was striving for. If you've been down that path, you can show me the pitfalls, the detours, how to get past the specific obstacles that I will face.

        My experience is that coaches are great at "their thing" but know little about other things they haven't experienced.

        So, I would ask, what markets and niches have you been in and how successful have you personally been?

        Steve
        Now this is the type of reply I was looking for!!

        I see what you mean.

        So, I guess, I would have to learn the right way to market my best expertise, right!!

        That way, I can help those who want to accomplish what I have accomplished myself already.

        You just gave me some great tips here on how to approach this coaching and consulting business man! .. thank you so much!

        I would only coach on the business models where I have already accomplished success.

        I can see how that is the best way to help someone. Because having experience already is just so powerful.

        I see that I have to very specific with what I can help someone with - and market my services accordingly.

        For example (as you said); it would not be okay for me to try to teach you about making a full time income from Amazon Stores - because I have not done that myself.

        But, I can teach you how to make a full time income from niche blogging because I have accomplished that already.

        I think taking the time to really review yourself, and learning exactly what fields you are an expert in, is very important. That way you can promote your expertise better, and target very specific people.

        That's my takeaway from your input!

        I really appreciate it Steve!

        You're the man!

        Thank you
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      • Profile picture of the author kk075
        Originally Posted by Steve B View Post

        ]For example, if I wanted to make full time income from an Amazon store, I would expect that you had done that very thing. If I wanted to run a six figure membership site, I would want to know that you had done that yourself.
        That's exactly my point as well. If you have enough affiliate traffic to produce six figures on Amazon, would the best option be to-

        A) Repeat that process x10 over the next five years in similar niches and clear $1M a year?

        B) Abandon your six-figure income to teach noobs for six figures?

        C) Do absolutely nothing and keep your six-figures steadily coming in?

        To me, option C is a FAR BETTER model than option B because it's virtually guaranteed income. Ambitious types obviously choose option A, where NOBODY in their right mind chooses option B if they're really producing that kind of money. There simply is no incentive to change a working business model to take on 10x the work, 100x the headaches and 10,000x the risk.

        Don't get me wrong....there are some that do excellent with coaching. But the elite few that clear huge profit also make money as publishers, public speakers and consultants to major businesses all over the world. It is extremely hard to break into and it simply doesn't make any sense if you already have success without those self-promotion headaches.
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  • Profile picture of the author kk075
    Originally Posted by FreedomBlogger View Post

    Wow much would you pay someone for a coaching or consulting session?
    Zero

    Originally Posted by FreedomBlogger View Post

    What type of services would you prefer? ... like an hourly rate, a package, a monthly rate, etc.
    I help you with page copy, you help me with something else. I'd much rather barter with other professionals that exchange money with them.

    Originally Posted by FreedomBlogger View Post

    I have been researching to see what others are saying, but I thought this would be a great place to have more direct opinions and answers.
    What others are saying means nothing...because people say all kinds of things. What really matters is how you can directly change someone's bottom line with their business. That's the only way to calculate actual value.

    But given that most "coaches" are nothing more than scam artists these days, I would not recommend this business model at all. First, it's hard to build a solid client list, turnover would be enormous, and it forces you into a business model where your success is based on other people's desire to succeed. If you really have the skills to make great money online though, then you're much better off consulting businesses and executives where there is real money at stake.
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    • Profile picture of the author BigFrank
      Banned
      Originally Posted by kk075 View Post

      Zero
      I concur - wholeheartedly. :-)

      Cheers. - Frank
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  • Profile picture of the author Lurk
    Not that we need anymore of those but this thread might help

    http://www.warriorforum.com/offline-...-training.html
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  • Profile picture of the author leilani
    i have had coaching from minimum $497 all the way to $25,000.

    The best I found for getting started in IM is my current coach. Everything is one-on-one through Skype Sessions and I have a lot of email support for any questions. It is not like other coaching where you get onto a webinar or call for coaching with other people and you can't get your question answered.

    Right up front my coach is telling me the goals we are going after.

    1-Get the first sale.
    2-Make the first $100 commission
    3-Make the first $1000 commission
    4-5x the business from there.

    Then he explains how we are going to get there.

    The first thing we did was go through videos help me understand IM. (Not like the other coursed I bought. Real simple for anyone to understand and with the right type of mindset.)

    Next, he and the company built my squeeze page, blog and Facebook page. (Did not want me to get hung up on the technical stuff.)

    Now, we are into driving traffic to the SP using one free and one paid method,.(This is where my coach wanted us to be because this is where everyone gets stuck.)

    Paid Method: In 4 days, ran 4 solo ad campaigns at 100 clicks per. Got 167 optins and made my first sale on Day 2. I am ecstatic! This is day 4. Cannot wait to hit Goal 2 and the last campaign is not finished yet as I am posting this. I am in heaven because it is finally happening for me after so many dead ends.

    What is the cost for all of that? You would not believe what I paid for it and and it is worth it. It is a year of coaching at, for me, an unbelievable price. I believer there may be a waiting list to get on. PM me for the cost.

    Leilani
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    Discover The Real Way To Make Affiliate Income Online
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  • Profile picture of the author mirbaharbd
    Wow!!! Coaching business is one of the good business around the world. Just start anyway, you will be success, if you really know how to teach anyone. Thanks
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    • Profile picture of the author agmccall
      Originally Posted by mirbaharbd View Post

      Wow!!! Coaching business is one of the good business around the world. Just start anyway, you will be success, if you really know how to teach anyone. Thanks
      This is one of the reasons that many people are now staying away from coaches. This is they type of person that will buy some plr and slap it on a website and call themselves a "Coach" or maybe even a "Mentor"

      al
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      "Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas Edison

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  • Profile picture of the author Edwin Torres
    Originally Posted by FreedomBlogger View Post

    how much would you pay someone (who has a lot of internet marketing experience) for a coaching or consulting session?

    and what type of services would you prefer? ... like an hourly rate, a package, a monthly rate, etc.

    And if have some experiences with this, what were the rates you found more effective??

    Thank you!
    1. I don't pay for coaching but the going rate I've seen is anywhere from $500 up to $10,000 just for coaching.

    2. Depends. Some people offer a monthly thing where they give you training each month...and other people make you pay it all upfront and you get unlimited access to them.

    3. As long as you provide a lot of value, and can back up that you can get them results and help them out you shouldn't have a problem
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