How much would you pay for a good IM mentor?

This is sort of a tough question. Look at it this way, If someone could teach you the skills to make $100,000 a year, would you pay $10,000? A 10% investment in a set of skills that will produce 6 figures a year, FOREVER. How about $5,000 to make $30,000. It s all about threshold. Most people who want to learn the skills don't have an extra $5,000 or $10,000 laying around. Most people want to learn all they can for free or next to nothing, which is a great way to start, time consuming but great. Then there are others like myself who don't necessarily have a "mentor" program but has a program to teach you what you need to know in the various online and offline arenas. If I were to tell someone fresh off the pumpkin truck anything, it would be...read and study all the information available. Most of us never had mentors. We did it on our own. Anyone can do it just as good, on their own.

it all depends what exactly you want to learn and of course nobody can learn everything at once so pick a niche and I'm sure you'll find really good mentors who charge anywhere from $5000 an session to $100,000 an hour - people like Stephen Peirce, Jay Abraham, John Carlton, Tony Robbins, Donald Trump, etc. - Donald Trump?. Yup him too. Hey he took all the credit for the White House to give up President Obama's birth certificate. Conceded?. maybe.

Pay high for high knowledge.

Toughy but possible.

You should ask yourself what you should get when you want to train somebody for complete mentor.

The answer lies within. Moreover, may be you could try warriors for hire section, add all the charges they ask and calculate the cost. You are done;

If someone could give me the tools and guidance to make a steady income, I wouldn't mind paying them for that service. It's just hard to know who to choose and what they charge. Hopefully I will find someone.

I've paid over $150.00 a month for good training programs, money well spent.
It gives me the ability to train my new team members in the Internet Marketing basics so that they don't have to go looking for more information, too much of that on-line already.

Always I definitely do not agree with you. I think that it is possible to become a success on your own. I think that the average person who has a mentor will be more successful and become successful much quicker. You are leveraging that person's mistakes. They also give you a path to go through. Whereas when you first start, its like starting on one side of a forest and hacking away to get at the other. A mentor can show you the path of less resistance and keep you from falling into any traps set by the natives :-)

I think it's possible to learn everything on your own as well. Buying WSO after WSO isn't what I mean either. However, if someone had offered to mentor me, I probably would have jumped right on it.

The price? Here is what I think. I agree with what has been said previously about the 10% thing. If you can get someone $100k a year, you should have no problem charging or paying (depends upon what side you are on) $10k.
However, some people won't do anything after paying the money. So then what? Do you sell overpriced mentorship or is that person just a failure?

I don't know if this post makes sense or not. I kinda ramble on and on.
Here's the point: The price of coaching should be equivalent to one payday.

I don't do much with IM as my focus is strictly offline
/direct mail - but it's all the same...

I can speak from experience that good coaches are
generally worth every penny they ask for TIMES 30.

There have been people who gave me advice I know
I should be paying for...(and have even offered to pay)
but accepted no pay.

...hmmm...I will say that had it not been for recent
conversations I would have struggled much longer
before eventually figuring it out on my own...which I
HATE doing because it makes it almost unbearably
difficult.

I've been fortunate to talk with people who took me
from A to Z - it's worth it's weight in gold.

Its hard to really say, but if I found someone I knew could take me to the next level and I felt like I really needed their direction, I would be willing to pay a few grand. But that is only after I had spoken with others that were personally mentored by that person.

Hire your mentor for 50% of your first year earnings. Win win for both.

Regards Allen

I recently have paid $600 to learn IM/software development, so far I've learned alot and in the process of launching my first software project. Depending on the return from sales I'll say that it was still worth the price.

A few months ago, a successful marketer sent an email saying he wanted to coach 2 people for a short period. I like the guy a lot, so I jumped at the chance. The fee was incredibly low for the number of hours I received. I was kind of a guinea pig as he wanted to test the waters, which explained the low price.

We were supposed to be 2 pupils, but the other guy didn't pay the fee, so I ended up alone, which was awesome! It lasted 5 weeks, 4 days a week, 2 hours a day.

I'm not quite a newbie anymore, but I haven't made a fortune either, so it was a golden opportunity for me.

The funny thing is, of the thousands of people who had received the email, only a few showed interest. I asked him why. He owns a TE, so he believes most TE members look for free information, they were certainly not ready to pay the price he was charging. All in all, it was an incredible value for the money.

There's no doubt you're going to get there faster with someone to help you. Trying to learn IM by taking the free route is possible, but you're adding a ton of time that you don't need to. You really can learn from someone elses mistakes. They people who take it seriously do succeed.

A lot of people want 1on1 mentoring, but as someone who did that route for a while, I can tell you it's draining on the mentor after answering the same questions over and over and over and over again. Everyone thinks their situation is special and they need 1on1 but they don't.

That's why I find the group method works best. Plus you get a community of like minded people there who are in your shoes and are there to keep your chin up when you get down as well.

I think a mentor can be really helpful as the individual may have enough sound experience to handle difficult situations and help a mentee make sound decisions in internet marketing.

Most newbie IMr's don't know what to do when it comes to decision making and how to spend their valuable time, money effectively.

I am happy to tell you that I have made money solely by taking action without any external help. It has mainly been by reading the DP forums and the warrior forum.

If I were to choose from a video training course or an ebook to a mentor, I would definitely want a mentor first.

And how much would I pay for it?

Firstly, it depends on my budget. I won't mind paying $100 a month for a mentor as it sounds reasonable to me. Especially if you're looking to mentor a large group of people, then you must keep the prices that are reasonable.

Usually mentoring doesn't come cheap so I suppose it will be $500 a month or even $2000 a month depending on the value your mentoring program generates.

If it is going to make me $5000, I won't mind paying $200 a month if my budget allows me to do so. Hope that answers your question.

I wouldn't use mentor. You can find everything online for free. Well nothing is free, it will take your precious time to go trough all that junk and extract only the valuable information that will help you start your business. But if you do not have time and have cash burning in your pocket as well as trust in people then even mentor may be good idea