You have to love these 'coaching' programs....

Not if you can charge a few nuggets of gold for others to take a look at your pot of gold

LOL....seriously? I can do that?? WOW!!

And yes, there are several lists out there that are one person lighter this week....

Mel

I don't think any coach or any one can guaranty someones success, they can try, but it all depends on you if you want to be succeeded or not.

LOL - my thoughts exactly! BTW - thank you again for the fast response tonight. You are as good as your software ;-)

Mel

I have to agree 100%.

Now, I'm not looking for a pat on the back, but I used to coach a few people every year entirely free.

They were usually friends or friends of family members who were in a tough situation financially, had lost their job suddenly, were having a hard time finding a new job, etc.

I spent several hours of my time (valuable time, because in Internet Marketing, your time is really your most valuable asset IMO).

I would have them come to my house and bring their laptop.

I would begin at the very beginning. I would teach them in 4 hour increments, usually 2-3 classes per week. Keep in mind this is all on my own time, no charge to them.

Usually what would happen is that they would show up for the first 2 or 3 classes, and then by that time they would have realized exactly just how much work it was going to take for them to be successful. That's where it usually ended for most people. I think I had one or two people make it past the third class.

I had one good student that I had gotten them to the point of making about $50-$60 per day on a consistent basis.

I was pretty happy about that and it felt good to actually help someone and to see the happy looks on his face when he made an affiliate sale.

I taught him EVERYTHING he needed to know to keep it going and scale it up. Overall it took about 30 hours worth of instruction.

One of the MAJOR points that I tried to pound into his head was that he needed to continue to invest 50% of his sales back into buying traffic.

I figured that he was well on his way, as I had shown him to how to duplicate my business EXACTLY.

About a month went by and I decided to check in on him.

I was a little upset to find that he had only added around 50 new subscribers to his list in the month that I had not seen him. He also said that he was only making a few sales a week now and he didn't understand what happened.

I was totally SHOCKED!

When I was coaching him, I had shown him how to add around 1000 new subs to his list every month by re-investing 50% of his commissions into traffic buys.

So what happened?

Well, he decided that he would rather withdraw and spend EVERY PENNY he brought in on video games, cell phone cases, headphones, crap for his car, etc, and NOT invest that money into traffic so that he could continue adding fresh subscribers to his list.

In other words, he decided NOT TO LISTEN TO WHAT I TOLD HIM TO DO!

On top of this, he actually had the nerve to tell me "I knew this online thing would just be a waste of MY time." HIS time? What about MY time?

I tried to explain to him that it was his own fault because he decided not to add fresh subscribers to his list.

See, he totally forgot about the few weeks where he was making $50-$60 EVERY day. That just went right over his head.

Instead, it was all MY FAULT for telling him that I could teach him to make money online when according to him, I couldn't.

To make a long story short, it was then that I decided NEVER to coach another person even if they offered me THOUSANDS to do it!

The moral of the story is that people want to believe what they want to believe. They don't want to listen, and they want to blame everybody but themselves for their failures. I guess it's true that no good deed goes unpunished.

This is narrow sighted thinking.

You could charge 5-10k PLUS 10% of any profits they bring in.

I've trained people with this approach and there's something people are missing about coaching.

When you train someone you basically teach them the skills you have. You create a business relationship with someone. These people you train will work with you to the day you die in return for your help.

If you train enough people, you begin to have a small army of marketers at your disposal. You build a network of people who can take a product and skyrocket the sales of that product overnight. This is a valuable team of people to have and product owners are looking for people like this everyday to help launch their products.

This type of team is worth it's weight in gold. This is basically how affiliate networks start. If you work with enough people, you become the affiliate network and any sales they make working with you, you get a % of it.

It's no different than a company investing thousands teaching a fresh sales force how to promote their products. Only this time you are the company and you decide what you want your sales force to do.

This is what successful coaches do. Anyone who charges a one time fee for mentoring someone just wants some quick cash. The real money is building business relationships and using those relationships to make you and your students more money.

That's how you become rich without spending a single dollar. Teach the people around you and let them do the work for you. That's how affiliate marketing works.

You can provide the core of the training through video. Then you only need to provide 1on1 when something isn't clear or someone needs additional help. The more in-depth the videos are, the less support someone will need. You can also provide a private facebook or slack group for all the members and that would add the ability for them to learn from each other and you can provide additional info that goes out to everyone. This is the only way to make it cost effective.

If you are proving 100% 1on1, then you would have to factor what your time is worth and charge it or not provide the coaching.

I actually see no problem with that. Its no different than a university professor teaching a college student how to be a high school teacher.

In this usage coaching is basically just 'teaching' and teaching is a skill, one that has to be learned. Its perfectly reasonable for someone who is good at this skill to teach other people how to be a good teacher as well.

LOL - now THIS is a coaching offer I can get behind!

Again, I have no issue with coaching programs - with the right person/team/program, it's a great way to further your education and (hopefully) help put you on the fast track to success more quickly.

What I am tired of is the approach that so many seem to take, that they are selling you this expensive course out of the 'goodness of their heart".

Be honest - the course cost $5k because you are successful and have proven that you know what you are doing and are willing to share that expertise with 20 people and make $100k while doing it.

It's the marketing tactic, not the concept of coaching that I take issue with.

Mel

I love it when they add the 'easy payment plan' a week after the program launch 'due to customer demand' which translated means= 'damn...nobody is buying this at $997, let's see who will cough up $247'......

LOL and yes, the old broad is getting cynical after being in ecommerce since 1992.....

Mel

Skin in the game, though, is relative.

If you can make $1,000 a month, $100 is more skin in the game than $500 when you can make $10,000 in a month.

I would replace skin in the game (though that's the most common, easiest way to understand) with strong reason to be signing up from coaching.

I had skin in the game to the tune of $5,500 for some coaching a few years ago. I did not complete the work. I hated losing the $5,500 but I had n o strong reason to actually do it. (Yup, external forces at work.)

Showed up for 3 session, skipped the last 7. Only thing I got out of that: Tell external forces no, unless they're aligned with what I want.