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A $5,000 seminar for $97... Do you care?

by Scott Ames
30 replies
You attended a seminar and it cost you 5 grand to attend. You are happy with the experience and information. About 3 months later the seminar holder is selling the videos to the seminar for $97.. are you upset?
#$97 #care #seminar
  • Profile picture of the author JayXtreme
    Nah..

    They're only videos...

    If I made a decision that the 5k price was worthwhile for the seminar, then I know that the information at the time was right..

    A similar thing could be said for $1,000 courses that are then offered as bonuses for xxx product launch.. but either way.. the money I spend is only spent when I know it is worthwhile for me in my business so it's all good...

    You bring up a great point Scott, although it wouldn't bother me, it will be interesting to see what other people think of this.

    Peace

    Jay
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  • Profile picture of the author Jared Alberghini
    I wouldn't be upset.

    I think attending a good seminar in person, mingling/networking with others, setting up potential JV deals... etc. then after the seminar, when you get a chance to talk with others about it, and possibly the actual person/people hosting the seminar, is much more valuable than sitting at your computer watching the videos alone.

    Just my 2c...

    Jared
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  • Profile picture of the author valerieSONORA
    Hypothetically, I would be upset. There's a big difference in 5K and $97.
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    • Profile picture of the author Kirk Ward
      Originally Posted by valerieSONORA View Post

      Hypothetically, I would be upset. There's a big difference in 5K and $97.
      Absofreakinlutely! My sentiments exactly.

      The low video price diminishes the value of the seminar. If the information is worth $5,000 in person, it's worth a lot more than $97 in a can.

      Kirk
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    • Profile picture of the author Kevin Riley
      Originally Posted by valerieSONORA View Post

      Hypothetically, I would be upset. There's a big difference in 5K and $97.

      Upset? Or Annoyed? Please get your persona correct!


      BTW, if the seminar is a fully interactive one and you're getting all your questions answered by the experts, I'm happy with the Supersize price. The videos can be a lot less, because most videos of seminars are crap anyway.
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  • Profile picture of the author meldave
    Yes I would be upset but then I would start rationalizing the situation and figure there was a reason that it had happened that way. Everthing happens for a reason.

    David
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  • Profile picture of the author AfteraDream
    Nah.. being at the seminar and talking with people, having a "mastermind group" so to say (at least for that time being) is worth more than video... You can learn way more being at the seminar then just watching it...
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  • Profile picture of the author rapidscc
    The Ideal Response : Oh, it's alright, it's just money....

    My Own Response : Man! if I was the guy who paid 5 grand I'd feel ripped off!

    and in just two months! In whatever way I look at it its a rip off..

    Plus think of the long term effect of this to the market...Soon people will just be waiting for the videos to come out rather than attend the seminar..

    It didnt give you a lot of head start to implement what you learned. Just two months and others will be using the same techniques you paid a lot to learn...bottom line...it's not cost effective...bad...bad investment...

    Hope this point of view enlightens others...

    the only positive thing here will be, if within the two months before the video was launched, you were able to earn from the technique more than what you paid for...
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  • Profile picture of the author matthewd
    Dude, the relationships made at seminars are worth 100x more than your investment and videos even for free can't match that.

    I went to 1 seminar last year that I would say is responsible for adding another $30k to my income last year and will probably double that this year... and the friendships I made are worth WAY more than that!
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    • Profile picture of the author Black Hat Cat
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      Originally Posted by matthewd View Post

      Dude, the relationships made at seminars are worth 100x more than your investment and videos even for free can't match that.

      I went to 1 seminar last year that I would say is responsible for adding another $30k to my income last year and will probably double that this year... and the friendships I made are worth WAY more than that!
      So, as long as you made a few bucks on the deal, it's ok to screw everyone else over? You gotta love this business. Apparently, the ends justifies the means as long as there's money to be made. No wonder this market loses more and more credibility every day.
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      • Profile picture of the author matthewd
        Originally Posted by blackhatcat View Post

        So, as long as you made a few bucks on the deal, it's ok to screw everyone else over? You gotta love this business. Apparently, the ends justifies the means as long as there's money to be made. No wonder this market loses more and more credibility every day.
        How is everyone getting screwed over?

        Because not everyone networked and made friends
        and made business partners?

        Is that my fault?

        Is that the people's fault that want the DVDs?

        I don't give a shit if the person that put on the seminar
        gives way the DVDs and even if I hadn't made friends
        and money there, I wouldn't care if he did it. It is his
        seminar that he invested the time and effort and money
        into putting together and he can do whatever he wants.

        Do you get all pissy when bands release live concert albums?
        Aren't they screwing over every person that paid $30-$200
        to be at that concert b/c now everyone in the world can get
        the album for $15?
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  • Profile picture of the author artwebster
    As someone who would not be able to afford $5,000 for a seminar and would even struggle at $97 for the videos this question opens up a rather worrying aspect of these seminars.

    Seminars are live events where much networking can be done, business opportunities explored and life-time relationships established.

    What sort of people are attending who feel that a cheap, flat, two dimensional representation of the content of the seminar (on stage) will damage the other good they have achieved? There is no interaction, no chance to ask questions, no chance to respond to on stage questions and banter.

    I suppose these people would never buy a $9 DVD of a 'live' performance by their favourite singer or band because they would not want to prejudice the value of the performance for those who paid $500 to be there on the night.

    Yeah! Right! And pigs might fly!
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  • Profile picture of the author Christie Love
    The video wouldn't get you near the experience you got from attending the seminar. But, on the other hand, being an El Cheapo, like myself, a video would be right up my alley.

    I've been debating about going to an actual Tony Robbins' seminar for years now. Instead, I've bought all his books and videos because I'm so cheap. I still wonder if the experience would be worth much more than the tools I'm using at home. Hmmmm. I guess I'll never know because I can't see myself paying $5,000 to see... anybody.
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  • Profile picture of the author Scott Million
    Do the people paying $100s to $1000s at the Superbowl care that their buddies are watching the same game for free?

    I wouldn't mind. It's all about the networking and grabbing just one or two gems you can run with


    Originally Posted by Scott Ames View Post

    You attended a seminar and it cost you 5 grand to attend. You are happy with the experience and information. About 3 months later the seminar holder is selling the videos to the seminar for $97.. are you upset?
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  • Profile picture of the author Kunle Olomofe
    Prices ARE meant to go down as products age and/or are in less demand.

    This is a fundamental fact many IMers don't seem to get.

    If you buy at $100 today, realistically the price in 2 months should be less since for one thing, the seller has probably hit their set profit goals if business went as planned, and anything else is gravy from then so they can AFFORD to charge less (or much less).

    Pricing is such a problem child online, I think another proven pricing report is way overdue.

    Cheers,

    Kunle Olomofe
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  • Profile picture of the author billyboy
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    • Profile picture of the author Loren Woirhaye
      Um yeah, if insider information was taught (which I would hope
      for in a $5k seminar).

      Dan Kennedy did some $12k seminar recently and then sold a
      course from it for $2-3k - not the same thing at all because
      it still keeps the information in the hands of a smaller number
      of people.

      Agree about the networking and brainstorming value of seminars
      though. You can get a lot of value in the relationships.

      A lot of information you "get" from speakers at seminars is
      available elsewhere way cheaper anyway. Many speakers just
      read a lot of books and cycle the information back at people
      who don't read the books. Repackaging is basically the heart
      of the game.
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      • Profile picture of the author Sandor Verebi
        Originally Posted by Loren Woirhaye View Post

        ....Dan Kennedy did some $12k seminar recently and then sold a course from it for $2-3k - not the same thing at all because
        it still keeps the information in the hands of a smaller number
        of people.
        Altogether not all the same, the information is in how many hands. At what less, it right. And it is worth that's money.

        Agree about the networking and brainstorming value of seminars
        though. You can get a lot of value in the relationships....
        Right. The CD or DVD is a one-sided info only. And every business can be developed by reletionships far better.
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  • Profile picture of the author billyboy
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    • Profile picture of the author Tyson Faulkner
      It is interesting to read the opinions on this subject.

      Let's say you're reading a sales page for a product that
      has a $197 price tag. You like what you see and know
      the product will be good for you business. So you buy
      it.

      Then the next day you see the exact same product and
      sales page but it's selling for $5. Immediately you would
      think, "Wow, I got ripped off." However, YOU were the
      one that decided it was worth $197 and paid that price.
      I think it is just being greedy and/or jealous to think that
      we deserve everything at the lowest price that it will
      ever be.

      Instead of being jealous of other people getting the
      product at $5, we should be thankful for the product we
      bought at $197. (because it was worth the money).

      THEN we should be happy for the others that got the
      same thing at a lower price, good for them! Jealousy is
      a very destructive force.

      -Tyson
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      • Profile picture of the author spartanmachine
        Depends if I got my money's worth at the seminar. then no it wouldn't bother me a bit.
        Seminars and videos are different.
        Of course I would be even happier if they sent me a free copy of the videos since I paid so much to attend the seminars.
        But in the end there is alot more that can be gotten out of attending a live event than a few videos could offer.
        So in the end it depends if the seminar lived up to what was expected or not.
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  • Profile picture of the author Mark Riddle
    It doesn't matter to me what it sells for after I attend, especially if time sensitive information is given.

    Learning about the buying trends for Christmas 2008 isn't worth much now, but would have been a goldmine in May-Aug 2008 (the time when retailers are scheduling their holiday buys).

    I have also been to events that cost small dollars and were later sold on video literally 3 times higher than I paid to attend.

    What is showing up in this thread is peoples thoughts and ideals about wealth and abundance, its very interesting to me to watch

    Short answer, $5K seminar for $97, Nope I don't care.

    Mark
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  • Profile picture of the author sherry_d
    PLUS the $97 video will be an edited version of the seminar. they are not going to show the whole 8hours at the seminar. Even if the did, would i listen to it. Maybe not....seminar all the way for me
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  • Profile picture of the author Kunle Olomofe
    Scot, this is basically an apples and oranges comparison.

    Seminar = Live. Costs of production are higher. Other live goodies are experienced. Price will be naturally higher.

    Video = Recorded. Costs of production are probably way less. Other live (or not) goodies often not added or 'addable'. Price naturally lower.

    Now, your question is weak in parts too...

    $5,000 to $97 is over 98% off within 3 MONTHS?

    Some might argue and perhaps rightly so, that that's a ridiculous drop in that SHORT space of time. Unless it can be justified by a GOOD explanation re: production cost highly reduced, no further live seminars planned, only few (very few) parts of seminar shown in video, some other sensible explanation will placate some folks.

    Personally it is not likely to bother me, but some people may feel cheated because the time frame is so small to reduce the price THAT much.

    No offense but either you're having fun just watching folks squabble over a lopsided issue or you didn't think this question through before posting it.

    If it's neither then frankly it's like I said, it's an apples and oranges scenario.

    That said, I am an advocate of higher pricing IF it is justified. Lower pricing once profit target has been reached or demand is high.

    That's just me.

    Nuf said.

    Kunle
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  • Profile picture of the author Robert Puddy
    Originally Posted by Scott Ames View Post

    You attended a seminar and it cost you 5 grand to attend. You are happy with the experience and information. About 3 months later the seminar holder is selling the videos to the seminar for $97.. are you upset?
    how about this one...

    In dallas 2007 I live streamed the whole event for free not one of the people in the room who all paid $500 to be there bitched or complained, because they knew the people on the live stream were probably really frustrated they couldnt ask questions in the breaks, get involved in the brain storming sessions. or sit down with the speakers and other attendees in the bar every night.

    If you think sitting at home watching a seminar is any where as good as being there your a lunatic. Each presentation is just 90 minutes, thats not much time to give over all the details, those come off stage and are never in the dvd's

    The 5k was a good buy... the $97 was a waste of money

    Robert
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    • Profile picture of the author ShayB
      There is a huge difference between a real in-person seminar and videos.

      I would not be upset at all.
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  • Profile picture of the author Andyhenry
    Got to agree with Rob here - You get a LOT more than the content when you go to a live event. In fact, I rarely go to a live event because of the content - it's always because of the relationships and meeting old and new friends.
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    nothing to see here.

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