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"Coaching Costs" - by Chris Malta

Why does Internet Business Coaching cost so much?

Wholesale Drop shipperIf you don't know what Internet Business Coaching is, you will soon enough. These companies are becoming more and more visible on the Internet scene every day.

What they do is provide you with 'personalized' help in starting and running your Internet business. There are several Coaching operations we've seen recently that provide some or all of the following services to you, over a set period of time:

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  • One-on-One phone time with your assigned Coach
  • Email support with your assigned Coach
  • Online Classes
  • Printed materials to read
  • Video/DVD materials to watch
  • Seminars around the US

These services are supposed to be designed to teach you everything from how to set up web sites or auctions, to choosing which products might sell better for you, to raising your rankings in the Search Engines, and more.

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Are they legit?

Frankly, as far as I'm concerned, the 'jury' is still out on this question. I've looked at some of their course outlines, I've spoken to several of the owners and managers of these companies, and I've dealt with some of the smaller (one or two person) operations that want you to think they are big companies. I have a ways to go yet before deciding whether I want to make any particular recommendations. There are three large Coaching companies I have found that look legitimate to me, but I want to go a lot further in investigating the issue before I tell you that I think they are worth the time and money. There are also many very small operations, as I said, that want you to think they are big Coaching companies, and those, to me, are definitely not worth the money. It's just not possible for one or two people to provide the level of constant training and support needed by more than just a few clients, so the small Coaches are out, in my opinion. The larger companies may be legit, but I'm still working on determining that. When I make that determination to my own satisfaction, I'll tell you about it in a future edition of this Newsletter.

This particular article is intended to explain why a legitimate Internet Business Coaching company would have to charge the kinds of high fees that so many Coaching companies ask for (anywhere from $3,000 to $6,000 or more).

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They've gotta pay the rent!

A large Coaching company will have many people working for them in the same set of offices. Let me give you an idea of what that costs them, by telling you about what it costs us to run our offices.

Whenever you bring a group of people to work for you in a closed environment, like an office setting, it costs a lot of money. I can attest to that personally.

 

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My company, Worldwide Brands, Inc. employs many people in our offices near Orlando, Florida. My Partners and I spent a great deal of money setting up those offices, and a great deal more bringing on the (excellent) staff of people we have here.

It isn't as easy as just renting space. Once you have the office space, which isn't cheap to begin with, you need to furnish that office space. Desks, chairs, file cabinets, tables. Those plastic things that you put on the floor that your chairs roll around on (you wouldn't believe what those things cost!). Staplers, paper, pens, sticky notes, and places to store and organize your office supplies. Restroom supplies. A refrigerator for everybody's soft drinks and lunches. Signs for the building and the doors.

More...

Chris Malta
WorldWide Brands, Inc.

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