A Trainer's Road to Riches - Part I
You Can Turn $30 into $370. A Trainer's Road to Riches - Part I
This idea ripped directly from the pages of Think and Grow Rich by Napoleon Hill includes practical applications for today's trainer communities.
Can you imaging leading a training session filled with people from across the world, all paying to hear your specialized knowledge? Many of the topics web fluent surfers perform with unconcious precision, could be your road to riches.
Let's say you wanted to coordinate hundreds of people into a hotel scheduled training session. This could very easily be a logistical nightmare! In the not too distant past, an instuctor had to coordinate a seminar room at a hotel, coordinate training materials deliveries, stand in front of the class for the day, provide lunch or snacks. Most of the true cost were paid up front! If too few people attended the class, the company lost money on the endeavor.
With your permission, I'll show you how can this idea be turned into a money maker day-in and day-out! We've already looked at how training classes were conducted in the past, now let's glance into the future.
Now imagine, the audience clicking on a link and being transported into a virtual conference room led by a live instructor. The instructor is talking about adding Google Adsense to their website, or simply delivering a content rich training session in real time.
Your audience is now spellbound watching you perform your specialized knowledge of something as simple as how to set up a Google adsense account. They are amazed as you flawlessly show them how to accomplish this task, and at how easy it is for them to perform these tasks once the training session is over.
You're probably thinking, if this is the wave of the future, why isn't everyone doing it? Good Question! Until now, many trainers simply could not afford the steep costs of online real- time conference and training rooms. If you search the web for online conferencing, you are faced with solutions costing hundreds; if not, thousands of dollars! Well beyond the financial reach of many small training companies.
So, what's a small training company to do? Well let's do a quick return on investment calculation for both a hotel hosted workshop and an online workshop. For both calcuations, we are assuming only 10 people attend after paying $37 for a total gross revenue of $370.
Online Workshop
Conference Room Costs (monthly) - $29.95
Instructor's time for 1 hour - $125.00
Total Investment - $154.95
10 attendees + $370.00
Net Profit = $215.05
Hotel Workshop
Conference Room Costs (daily) - $150.00
Instructor's time for 1 hour - $125.00
Total Investment - $275.00
10 attendees + $370.00
Net Profit = $95.00
Just using these two simple calculations, you would realize profits double in the online setting over traditional classroom settings and an ROI factor of 1.4 for the online setting and 0.34 for the traditional classroom setting. Of course, this is for only 1 our per month! What if you scheduled one per week? Or better yet, what if your have more than one trainer to teach simultaneous classes.
Truly, you owe it to yourself, your small business and your bottom line to explore the online training options.
Charles H. Smith
For the past twenty years, Charles H. Smith has delivered both offline and online training classes. Performing one of the first instructor led over-the-web training classes in 1995, he now provides affordable conference rooms and training services to small businesses. Full featured conference rooms $1 - one month trial http://www.snipem.com/2. For Part II in this series visit: http://www.trainerstuff.com
Article Source: http://EzineArticles.com/
