Best ways to make money from free mentoring

by Rush
7 replies
I've successfully made money online through a lot of different methods over the years, and I love teaching people how to make money online that know nothing about it. It makes me feel good because I genuinely try to help them succeed. Lately I've started offering free coaching/mentoring. I don't charge them for anything, I don't try to sell them some ebook. The coaching that I give them is completely free. However, I'd like to make some money out of this.

So far, I've thought of these ideas:

#1. Have them use my hosting affiliate link when they build their first website.

#2. Have them sign up under my referral ID when they apply for various CPA networks.

Does anyone have any other good ideas? I don't want them to think I'm just trying to make money off of them so I want to be careful.
#earn #genuinely #helping #love #make #money #online #people
  • Profile picture of the author ikontent
    Rush

    If you do find my suggestions useful, PM me - I've been thinking along these lines for some time, would be good to work out any kind of partnering to get this kicked off... (of course, if you don't want a partner, no issues...)

    There are a number of ways to profit from this; don't think of it as "they must pay you", think along the lines of how "they can help you make money".

    > Most noobs looking for free mentoring are likely to be low on cash; if you ask them to pay for something, they may react negatively. Instead, if they can help you without necessarily having to pay cash, they're likely to react positively - and at a later date, when they aren't so cash strapped, they're likely to pay you (or buy stuff that pays you).


    Examples :

    1) As simple as having them do some social bookmarking, or adding your link in their forum sigs, or liking your facebook page - hey, you want traffic, don't you? Does it matter to you whether THEY buy, or someone else buys?

    2) A little more effort - I'm sure you need content, or other services - if any or all of them can provide you with those
    > Just a simple example - they would anyway need to set up a site, or a blog - a simple link back? Or - practicing their bum marketing skills - have them write an article (or five, or ten) with YOUR link in the author profile?
    > Or maybe - helping out updating your feeder blogs, or hubpages / squidoo etc.
    > Or even - have them write articles, set up some kind of sale with revenue sharing - RAP and the $7 script can help you, with a rotation of the paypal id?
    > Group blog / adsense type site - where you implement an adsense sharing? Or put your Clickbank ads, while they use the adsense?

    3) Go the whole hog - you pay for the hosting + domain (I'm guessing you'd have sufficient hosting anyway, and domains don't cost too much) - you teach them the "how-to", they do the work, and work out a suitable revenue/profit sharing?

    4) If you MUST have them buy something, affiliate programs for newbies are what you should be focusing on - you've already mentioned hosting and CPA networks, how about autoresponders, traffic services (become a reseller), link and content services (either resell, or subcontract), tech services (web install, backup, maintain), wordpress themes (plenty with affiliate offers?)

    5) Last but not least - give it to them straight. Offer to teach them - not for free, but no payment down; something along the lines of " I can teach you how to earn a thousand dollars - and you pay me $100 (or whatever amount you want to charge) AFTER you've made it...

    Hope this helps
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  • Profile picture of the author Andrea Wilson
    Hey Ikontent I read your whole post and I got the idea. I want to teach people how to make money as well and your list is q quick must read for people like me. This can help me to become a more productive online teacher.

    Andrea
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    • Profile picture of the author onlinemarket01
      hi Ikontent,

      Those suggestions/ideas of yours are really good and helpful. I can apply those tips and also share them to others.
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      • Profile picture of the author ikontent
        Hi onlinemarket01

        Something that's puzzling me - why does your sig link to Google?

        In other words - is that part of a devious strategy (in which case, I'm so dumb that I can't figure it out) - or is it a typo, or (even worse) something that the mods objected to?
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  • Profile picture of the author ikontent
    Andrea, Onlinemarket01 : Thanks for your comments, glad you found this useful.

    Here's an open invitation - this is something I've been researching over the last year or so, have put together my strategy and am now looking to take forward; and ideally, would like to do it jointly with a few others. Feel free to PM me, if you're interested.

    A caveat : This isn't an easy way to go.
    > Many IM'ers don't like the freebie-seeker crowd, primarily because it isn't easy to monetize - and most of us are in it for the money, too.
    > However, freebie-seekers come in at least 2 variants; one is the "I'm entitled to it" type, who'll never appreciate / reciprocate. The other type is the one who's genuinely strapped for money (think of someone with thousands in card debt, or upside down on their mortgage, or maybe from Asian / African locations where a 100 bucks is more than a month's wage..)
    > From personal experience - the second type is the one who will be willing to "pay you later" or exchange stuff; I've rarely had any kind of traction with the "me" types.

    Last but not least - most of the activities here will need to be of the low-cost, easy-to-do variant - which means each person or transaction isn't worth much. You need to think of a volume game by which you can boost your earnings - and be able to sustain it over time, till it begins to pay off.

    Best wishes
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  • Profile picture of the author zuko
    If its coaching why not design a product/course or release a book?

    Use your knowledge to develop a knowledge base online and then run refferals and ad's through it?

    Build a online coaching course in various niches..
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