What Do You Think?

James Strong

Banned 15 years ago

[DELETED]

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flattop 15 years ago

Originally Posted by James Strong

You should charge how much you think your service is worth

Ultimately, you should charge what you think your service/time is worth. If you have not done it already you might want to look at costs per month and break that down into an hourly amount, then add an appropriate amount in order to cover the time for you to coach..

To Your Success,
Clint Anderson
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johnmags

15 years ago

If you plan to mentor anyone how to establish an online entity, just be sure that your teachings are based on your actual experience. That means, you should have earned a lot of money from your online business yourself.

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ken_p

15 years ago

Originally Posted by johnmags

If you plan to mentor anyone how to establish an online entity, just be sure that your teachings are based on your actual experience. That means, you should have earned a lot of money from your online business yourself.

i absolutely agree with this. i would be totally disappointed if everything will be all based on theory, and it actually has never worked for you.
since this is your first time to do this, i think start at a low rate.

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yohan0923 15 years ago

Yeah,make your start in low rates to get more clients.Establish the business first then make a step by step increase as you go on.
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princeceejay

15 years ago

it will be nice if you make it FREE and am telling you will have many client before the end of the month

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princeceejay

15 years ago

am waiting to hear your reply if it's going to be free thank's

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DomiS

15 years ago

If you really think that you can teach anyone how to make money so why not to sign an agreement that you will get, say, 25% from your student's earnings for next 6 months (for example)?
This way you could get much more than when having an established fixed rate for your service.

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Vikuna2009+

15 years ago

Originally Posted by DomiS

If you really think that you can teach anyone how to make money so why not to sign an agreement that you will get, say, 25% from your student's earnings for next 6 months (for example)?
This way you could get much more than when having an established fixed rate for your service.

Totally agree

! $50/month and 25% for 6 months, no cap. If you were making NOTHING now and learned how to feed yourself for a lifetime, giving back 25% is nothing compared to what you learned. Count me in

!

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scattermouse

15 years ago

Originally Posted by Vikuna2009+

Totally agree

! $50/month and 25% for 6 months, no cap. If you were making NOTHING now and learned how to feed yourself for a lifetime, giving back 25% is nothing compared to what you learned. Count me in

!

I've always thought this is a fantastic way to go about mentoring - it proves to your prospects that you aren't just scamming them, because you only make serious money if they do. Having said that, it's not easy to enforce - how could you stop people from not declaring all their earnings to you? Maybe I'm missing something obvious but this seems like a real hurdle to me.

I think WSOs are a good idea in this situation. To get people to pay you large amounts for coaching/mentoring, you need to have a good reputation. This is another guarantee against scamming, as anyone with a great online reputation is unlikely to want to lose it for a few bucks by scamming.

If you want to build a reputation, a WSO ebook perhaps, with lots of great content, and then follow up with a WSO for your personal coaching at a greatly reduced price. Provide value, and you'll get a good reputation, plus a loyal customer base for when you want to kick into a higher gear.

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jjbalagosa

15 years ago

Originally Posted by DomiS

If you really think that you can teach anyone how to make money so why not to sign an agreement that you will get, say, 25% from your student's earnings for next 6 months (for example)?
This way you could get much more than when having an established fixed rate for your service.

Pure Genius! Businesses models should be based on performance. You can call me naive, but I think all businesses should look for "win-win" results.

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JaySabree

15 years ago

Gotta love the warrior spirit... Everyone wants something for free:rolleyes:

Can you find great clients in here? Absolutely!!!
If you want to see how to do it right head over to the wso area...
Get a few fan's of your knowledge/experience by adding huge value at a low entry cost...
Then once you've proven yourself to people you can start charging more money for your services...

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Cheers

Jay

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Tyrus Antas

15 years ago

If you're going to do it one person at a time, you better make it worth your time. I'm thinking multiple thousands a month.

Tyrus

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B.Yameen

15 years ago

Well in a Utopian world it would be free however I will have to charge clients.

How is $400/session sound?

I will show proof of my personal track record that outlines my various online and offline ventures and how-to start your own.

Should I post something like this in the WSO section?

Should I release an eBook before starting my sessions?

Thank you for your help thus far

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B.Yameen

15 years ago

Any ideas would be greatly appreciated.

Thanks again
Al

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seasoned

15 years ago

OK, HERE's a question! WHY, at a time when it is MOST needed and the chances of return are SO great and the cost so low, are you not teaching investment tactics!?!?

I have seen GREAT information for FREE and GARBAGE for $20,000 or so. Where do you think YOUR real value will lay? BTW most of the betteer stuff is rehashed and still incomplete. Much of the BAD stuff has high "up" sells on the back end and offers rather obscure low product line and poorly designed sites and/or replicated sites which the FTC has officially declared scams, given common copy.

You DO realize that the basic stuff is relatively simple now, and a few companies will help you for virtually NOTHING. Heck, a lot of people come to this site to check out such things, and fill in some of the details.

Steve

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B.Yameen

15 years ago

Steve;

I am still friends with a handful of relatively large investment consultants in the Toronto-core and from what they have told me nobody is riding the market especially not taking paid-seminars...

When you say their are large returns available you must factor in an individual's risk tolerance as to gain a significant amount one must leverage a significant amount. Bare in mind this is a trough market.

For example a year ago I could bring in around 600-800 individuals to a convention centre for a seminar teaching advanced charting techniques but now I have been hitting around 150-200 persons.

The current state of the market has influenced a lot of minds in to stray from investing and because I run a few successful online ventures I was attempting at establishing an online clientele. Hoping that could ultimately convert to offline business.

Al

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seasoned

15 years ago

Originally Posted by Coincidence

Steve;

I am still friends with a handful of relatively large investment consultants in the Toronto-core and from what they have told me nobody is riding the market especially not taking paid-seminars...

When you say their are large returns available you must factor in an individual's risk tolerance as to gain a significant amount one must leverage a significant amount. Bare in mind this is a trough market.

For example a year ago I could bring in around 600-800 individuals to a convention centre for a seminar teaching advanced charting techniques but now I have been hitting around 150-200 persons.

The current state of the market has influenced a lot of minds in to stray from investing and because I run a few successful online ventures I was attempting at establishing an online clientele. Hoping that could ultimately convert to offline business.

Al

Have you looked at the market lately? In 1987, I actually FELL for some of the garbage, and lost my shirt. THIS time, I really didn't, and I am doing ok. So far, this year has been my best. SURE, you have to watch things more closely.

GM for example. The government CLAIMS for example, that the citizens now own 90% of GM. That is BULL! GM didn't own GM! The TRUTH is that they issued new stock, which they did NOT have! THAT means they diluted EXISTING shares and debt! In a way, they were given bankruptcy protection before they even went bankrupt.

So who DID own GM? The bond holders(who LOANED GM money that was to be paid back), and the stock investors(that kept the equity liquid that was used to fund GM and the only REAL asset they had was a SHARE in the OWNERship of GM). Did anyone consult THEM!?!?

Then there is ALCOA which is now about 1/4 the size they were earlier this year.

etc....

Still, some stocks have the SAME upside potential, and ARE going up, but started LOWER.

People ARE buying! MY portfolio has gone up like 40+%, and THREE at foliofn are up over 60% for the past 3 MONTHS! Out of the 6 they list on their front page, the S&P500 is BY FAR the worst with a PALTRY 25.83% return. That is for 3 MONTHS! Vector vest went 100% bullish today! The stockmarket is up 203.98!

GRANTED, this could simply be a large intra bear bull market, and obama has still MORE of his mistakes to make, but look at 1999, or 1987! A couple people in the the government brought those BIG LONG bull markets to a SCREATCHING HALT!

Steve

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JaySabree

15 years ago

There is a lot of experience that's floating around in here and give their knowledge out freely. So, this is a tough market to justify paying $400 upfront to someone that is not proven. You would be better off designing a membership site and charging $27 per month and pouring your knowledge in there. I would suggest giving huge value first. Show that you're for real and build off that momentum.

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Cheers

Jay

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emorrow23

15 years ago

I think it depends honestly how much you value your time.

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Vanquish

15 years ago

I would charge alot because the more you charge the higher your perceived value is. Think about anything you buy in the offline world the more expensive it is the higher you perceive the quality to be (sometimes the quality is not good and as hyped up as it is meant to be) but its human nature to have the percetpion that something with a higher price tag has a higher perceived value.

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Nothing to sell, only value to give and new knowledge to learn.

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B.Yameen

15 years ago

JaySabree: That is exactly why I am asking to figure out the best ways to gain a strong reputation here. I.e. releasing an ebook (wso?) etc.

Emorrow23: Not sure if you simply posted this to get your post count but it is not helpful at all...

Vanquish: Very intriguing as it reminds me of a story my macroeconomics prof. told us.

Please keep the tips/ advice coming as everything is appreciated

Al

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virtuallywork

15 years ago

Hello,

I would say go for it! Every venture your heart is passionate about is a vision that is to become a reality. I think it is a great idea to offer help to people with one on one coaching. Sure, we get the programs and why do 95% of people give up? Because we do not get it yet. We give up because we do not see our vision becoming a reality--we only see a waste of time and money.

Since you are experienced in teaching audiences, you should do well. And as far as how much money--from a consumer perspective, I would set a price that is affordable for people who are not able to make money online but are in desperate need of help. They do not want to give up, but are on the verge. They are not making money. They cannot afford a lot of money. So, under $50--even like the online university is charging under $40 a month--and this is feasible especially in this economy.
Also, since it is a test--and will take some modifying...I suggest a price that reflects many changes and affordability.

Hope this helps.

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B.Yameen

15 years ago

Yet again I thank you who have replied!

Ken_P: Of course i'm not going to ramble on to clients about making money when I myself have not as that would be hypocritical. Rather I would show proven methods that have worked and are still working which include strategies for online and offline business.

yohen0923: I plan to move in paces however I am not sure on the exact price. For example do I go as low as $50/mo. and get screwed by someone leaking out my methods? Or, do I charge upwards of $400/mo. and risk losing high volume of potential clients? This would require a lot of research and would prefer to get some good insight from here before doing any.

virtuallywork: thanks for the thoughts mate I really appreciate it

Do you guys think an eBook would be beneficial to my circumstances?

Should I promote my services in the WSO section?

Thank you for all your help thus far!

Al

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virtuallywork

15 years ago

Why not promote it in the WSO section? Someone there may be looking for it just as much as anyone looking for it in a google search engine. I think it cannot hurt to do so.

As far as the $400 session...I truly believe this one is probably not the route at this time....there are too many people watching their money. In this economy, people are afraid to buy--to invest..they are watching those wallets ever so closely.

So, Only because this is something you have obviously really considered--I would not throw the idea out the window--but rather approach the opening as a limited trial offer of only $50.00/month.

That way, you get some people who are interested, apply your teachings--make your mistakes (we all do this!

)..make the modifications from the first session, get feedback from students and their testimonials, and increase the price according to the success rate.

Just a thought.

And you are welcome for the thoughts.

I think you are on the right track. I only highly suggest that you keep the focus on a consumer perspective--a consumer buying perspective...in an economy where people are not able to afford to invest or buy..and selling things to get by.

This is something I have been seeing everywhere. Even wealthy people are holding back on their spending habits, right?

At least a trial to start out...A Special Limited Trial Offer of Only $50.oo/Month For A Summer Session....what do you think ?

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virtuallywork 15 years ago

Oh! And about the e-Book! They sell like crazy on Clickbank! Yes, it is also a good idea. Others are doing it and making good money off of their own products. What one man can do, another can.

Success to you! Great Ideas~
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B.Yameen

15 years ago

VirtuallyWork: I was thinking the samething - a trial at a much reduced price.

Thank you very, very much for all the advice!

Al

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virtuallywork 15 years ago

Certainly!

You are very welcome! I cannot wait to see your ebook~
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B.Yameen

15 years ago

Hey thanks VirtuallyWork!

I'm not sure when i'll get started on the ebook but when it comes out you'll be the first to know

Al

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N1CKYYY

15 years ago

Have in mind that 160 pages of pictures and a little text about Db2 programming by IBM is about 2000$ to download

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CreativelyScrappy101

15 years ago

I encourage you to launch it and see what happens. You can always change your approach and see what works. Two thoughts from my experience: 1) Offer a free trial, or low-cost trial or special offer - always works well and everyone likes to feel they are getting a deal. 2) Pay-for-performance is also very good. I use this in my business a lot. It 'puts your money where your mouth is' which clients like. And, it can be very lucrative when things go well. Good luck!

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