Make Money By Teaching Others How To Make Money
People make money teaching others in real life all the time, so why not replicate it online as well? You can make large amounts of money teaching others, and if you’ll get them to sign up to some programs with you as their referrer you’ll be making even more money.
The first thing you have to do is decide what money making method you’ll be teaching. You should only teach things you have tried your self and have found you are good at. For example; you could teach them how to flip sites/blogs for profit, how to make money on forums and cpa *wink wink*, how to flip products/ebooks, how to make money on associated content etc.
Another thing to consider when choosing what to teach is how can you make more indirect money, as in money you get from affiliates, etc and not your mentee. For example ; if you were teaching someone how to flip sites/blogs and the person doesn’t have hosting, you can point him over to your HostGator Affiliate link and make an extra 50-125$! If you were teaching how to make money on forums then you could get your mentee to sign up to your affiliate network under you, so you make a percentage of what ever your mentee makes.
After all the preperation is done you have to advertise your mentorship program. The two best places to advertise this offer is on Digital Point and on the Warrior Special Offer forum. The problem with WSO’s is that you have to pay a 20$ listing fee, so if you are just starting out I recommend posting on DP because it is free and you don’t want to lose any money if you fail to get mentees.
In your thread you want to keep everything professional. Don’t make promises you can’t keep, this is very important! Be modest. List all the ways they will be able to contact you; email, IM, skype? Include a money back guarentee which states “if you follow my steps don’t make your money back after (x amount of time) then I’ll return the money”, make sure it is quite easy to do this. Don’t over charge people, if people pay you 500$, they will probably have a hard time making that much in a month or so by posting on forums and you’d have to give them the money back.
This method has many variations, for example; you can offer people free mentorship as long as they sign up under you. This will get you more people interested in your offer, but many of them will probably just give up half way, so make sure you are selective if you choose to do it this way.
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5 Comments
chad Therrien on April 9th, 2009
This is very interesting…thanks for sharing.
Alfie on August 1st, 2009
Its really good.keep up the good work.
Alfie on August 3rd, 2009
Another great article.
Dental Veneers Lumineers on October 6th, 2009
This is a failed method for making money online. The MMO concept is a pyramid scheme with everyone scamming those below them. Build sites in profitable niches far away from MMO. that’s where the money is.
Chester on December 19th, 2008
Sounds like a good advice
I think there are a few of my blogpost that needs editing because I didn’t include any affiliate links in some of the post.
Chester’s last blog post..The Importance of Millionaire Mindset