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Making Money Coaching and Mentoring

Discussion in 'Making Money' started by cnick79, Jan 5, 2013.

  1. cnick79

    cnick79 Jr. VIP Jr. VIP

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    Not so much on BHW, but on another IM forum I visit, I see so many people offering coaching and mentoring for several hundred a month. I laugh at the people who spend money on this. There is so much valuable information found here for free. Are these coaches really going to teach you something you can't learn here? I feel like the people who buy these services are hoping they will be told exactly how to make money, step by step.

    Heck, if you have a method to make money, don't package it in an ebook for $27, start your own "coaching" service and coach them for $227 a month using your method
     
  2. snaar

    snaar Newbie

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    I have often been tempted by these services often for a number of reasons.

    1) The information is structured and easy to find.
    2) The information is pared down to avoid information overload
    3) You have someone to ask questions who is obligated to answer

    Now is this worth hundreds a month? It depends, people spend a lot more on school for basically the same thing.

    Look at it like this, if i spend 6 hours researching for info on a given system, and build a solid business plan that equates to something actionable that works, how much was 6 hours of my time worth? If I could get the same info and be acting on it in one hour, how much would you have saved?

    Or look at it this way, if warren buffet offered to mentor you in stock trading, would you say no? Of course, most im mentors are more like charles ponzi than warren buffet. And theres the rub, it is such a shot in the dark to know if you are finding a legitimate mentor.

    Don't get me wrong, I love bhw, and I don't run a mentoring program, but I can also see the use for more structured information and mentoring. It really comes down to the system and how trustworthy the person running it is.
     
    Last edited: Feb 27, 2013
  3. Jacko

    Jacko Registered Member

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    I would pay someone to make more money and speed up the process, but you never know what the real deal is with most of
    these people offering up coaching.

    *Just because someone makes money online doesn't mean they are qualified to teach someone
    else.

    *Testimonials can be bought nowadays for pennies, or faked.

    *Earnings reports can be Photoshopped easily.

    Who do you trust?

    Nobody...
     
  4. Darren9682

    Darren9682 Regular Member

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    People pay for mentoring because of time and ease.

    It's no different when you pay someone to mow your lawn, wash your car, clear the snow from your drive etc. They are all things that people can happily do.

    But they pay someone else because it saves time and effort. Look at it that way and suddenly it makes a lot of sense.