Make Great Income From Mentoring
March 6, 2010 – 2:17 pmYour passion can be a good source of income. If you have been doing something for quite some time and you are good at it, it’s easy to sell your knowledge as an expert or as a consultant.
People turn to mentors or coaches to learn special techniques immediately without having to go through the usual learning curve that newcomers normally experience. It’s the fastest way to learn something new like Internet marketing and a good way to earn income for the expert.
Internet marketing expert, James Schramko, teaches what he practises to students of his mentoring program, SuperFastMentor. By mentoring, he gets to help others achieve their internet marketing goals while learning new approaches to problems his students may encounter in their businesses.
Here are some things to consider before launching a mentoring program:
Schedule
Mentoring is a time-consuming activity that consumes a lot of your energy. If you already have a busy schedule, you should limit yourself to a few students in order to give them quality one-on-one coaching.
Price
Since mentoring can take up much of your time and energy, you should be able to charge a mentoring fee that you feel will make it worth your while. In his SuperFastMentor selling page, James sets a premium value on his time, and prices his private mentoring accordingly. At this price, James does not mind getting only a few students to whom he can devote his attention.
SuperFastMentor though is not for everyone though as applicants are asked to take a confidential survey before they are accepted into the mentoring program. In particular, it is for Internet marketers earning at least US2,000 monthly who are looking to take their business to a higher level with his help. He does offer an alternative for others: membership to his private, paid, forum SuperFastResults where they can learn techniques and strategies not just from him, but from the other seasoned members of the forum.
Leverage mentoring sessions
Some of the lessons you teach in your private coaching sessions may be captured on video and repackaged as webinars or short training programs either for a smaller fee or as additional content for your website. Adding these videos helps showcase your mentoring services while driving additional traffic to your website.
Mentoring is a good way to establish your name as an Internet marketing expert. For James Schramko, it is also an opportunity to stretch his mind as he responds to the unique issues of each student. This works to the advantage of the mentor financially as more people may be willing to pay for his expert opinion.

Tags: internet marketer, internet marketing, internet marketing strategies, internet marketing tips, James Schramko, SuperFastResults, SuperFastWebsites