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Mentoring Help Without Breaking the Bank

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Posted 22nd February 2012 at 04:39 PM by PattC

I’ve blogged in the past about the importance of having a mentor when you’re starting your own business. You want to have a mentor who has had similar experiences, and can give you an honest answer about the highs and lows you’re likely to face.

Since you’re just getting started, you probably have a tight budget, and the cost of a mentor can derail your finances. Luckily, most online mentors offer free information and tips on their websites. Let’s look at three ways you can get the information you need without breaking the bank.

If you go to any mentoring websites, you’ll find a free newsletter. Yes, you have to give your name and email to subscribe, but you’ll discover some valuable information that can help you take your business to the next level.

Look for other freebies on the website, such as free reports or free videos. One drawback to receiving this information is at some point, you’ll be asked to buy something. You can ignore the sales messages and just keep receiving the newsletter each month.


Buying a book that is authored by a mentor can save you a lot of money. Let me give you an example. I bought “The Success Principles,” by <a href="">Jack Canfield </a>for $15.95. This book has over 60 chapters, about how to succeed in business and in life in general. I can underline or highlight important information, and there are also free self-help exercises that allow you to focus on what you really want in life.

You can save money by buying books on sites such as Ebay, or Amazon, instead of paying full price at the bookstore, or at the author’s website. Books available at this price may not be in perfect condition, but all the pages should be intact.

Contrast the cost of buying a book authored by your mentor with attending an in-person seminar. One seminar that Jack Canfield hosts is at his home in Hawaii. A select group of people receive one on one mentoring from Jack Canfield and other invited experts. To receive this specialized instruction, you pay $15,000, not including airfare, hotel, and meals. I’m not saying the training is not worth the cost, but this eye-popping cost is not going to work for the majority of people.


Videos or CD’s are another area that offers some free or low cost benefits. Browse through YouTube, and you’ll probably find a few mentoring videos that you can listen to for free. Granted, YouTube videos won’t cover as much information as videos you buy direct from a mentor’s website, but you can still pick up some real gems of wisdom.
Look for audio/video bonuses at your mentor’s website. One example that I found was at the <a href="">Jim Rohn website</a>. For $69, you receive 7 CD’s on the Twelve Pillars of Success, and a workbook. Bonuses include a novel by the same name, a 77 minute conference call, and an in-depth interview of Jim Rohn by business man and television host, Chris Widener.

In your daily quest to <a href="">create a good income</a>, take advantage of free or low-cost mentoring resources. Following the advice of your mentor, could be just the boost you need to take your business to the next level.
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