Coaching Costs

"Coaching Costs"Of course, you can't run a business without
Why does Internet Business Coaching cost so much?Computers. A PC for every employee, and a couple
If you don't know what Internet Business Coaching is,of extras for training use. A Server Computer to
you will soon enough. These companies are becomingfunction as a central data storage location, and to run
more and more visible on the Internet scene everynightly backups of all your data. Thousands of dollars
day.worth of software licensed for all your computers and
What they do is provide you with 'personalized' help inyour Server. Printers and a Fax Machine. A Network
starting and running your Internet business. There areRouter and Hubs.
several Coaching operations we've seen recently thatThe Computers are useless unless they can connect
provide some or all of the following services to you,to the Internet, so you shell out more money for a
over a set period of time:High-Speed Business Internet Connection that can
-One-on-One phone time with your assigned Coachhandle the load when all your employees are working
-Email support with your assigned Coachon the Net at the same time, which they almost
-Online Classesalways do.
-Printed materials to readWhat happens if there's theft, or an accident? You are
-Video/DVD materials to watchrequired to pay for Business Insurance to protect
-Seminars around the USyourself against loss, and against someone being
These services are supposed to be designed to teachinjured at your location. Of course, you need to pay for
you everything from how to set up web sites orAlarm System installation and maintenance before you
auctions, to choosing which products might sell bettercan even get the Business Insurance.
for you, to raising your rankings in the Search Engines,Then you have bills for Power, Water, and sometimes
and more.Natural Gas. You have to keep the lights on and the
Are they legit?air conditioning running, or you're going nowhere fast.
Frankly, as far as I'm concerned, the 'jury' is still out onWhen that's all paid for, the real costs begin!
this question. I've looked at some of their courseWhenever you employ people, you have large
outlines, I've spoken to several of the owners andexpenses associated with that employment. We
managers of these companies, and I've dealt withprovide a great Medical, Dental, Vision and Life
some of the smaller (one or two person) operationsInsurance Plan to our employees, as does anyone with
that want you to think they are big companies. I havea real business location. That costs us a lot, every
a ways to go yet before deciding whether I want tomonth. Then there's Unemployment Insurance that we
make any particular recommendations. There arehave to pay, and Workman's Compensation Insurance.
three large Coaching companies I have found that lookThere's Human Resources Outsourcing, Training
legitimate to me, but I want to go a lot further inPrograms, Overtime, Bonuses, and the occasional
investigating the issue before I tell you that I think theyGroup Lunch. And that doesn't even take Payroll into
are worth the time and money. There are also manyaccount!
very small operations, as I said, that want you to thinkWhat it all boils down to is that placing a group of
they are big Coaching companies, and those, to me,people in an Office environment costs a ton of money.
are definitely not worth the money. It's just not possibleBe glad that you are setting yourself up to work from
for one or two people to provide the level of constanthome! We maintain our Staff and our Offices for the
training and support needed by more than just a fewsole purpose of researching and publishing The Drop
clients, so the small Coaches are out, in my opinion.Ship Source Directory, and doing that takes all of the
The larger companies may be legit, but I'm still workingexpenses and resources I've listed above, plus a lot
on determining that. When I make that determination tomore to operate our site and pay for research
my own satisfaction, I'll tell you about it in a futurematerials and advertising. When we work on our
edition of this Newsletter.Directory, we are all working on the same thing. All of
This particular article is intended to explain why athe attention of the Owners and Employees of our
legitimate Internet Business Coaching company wouldcompany is focused on one thing, all the time:
have to charge the kinds of high fees that so manyResearching and Publishing our Directory and the
Coaching companies ask for (anywhere from $3,000related information you see on our site.
to $6,000 or more).Now, imagine what it takes for a Coaching Company
They've gotta pay the rent!to put twenty or thirty people in an office setting, and
A large Coaching company will have many peoplethen dedicate each one of those people to working
working for them in the same set of offices. Let mewith only a few of their clients for months at a time!
give you an idea of what that costs them, by tellingEach one of those very costly employees can only
you about what it costs us to run our offices.work on just a small part of their business for them:
Whenever you bring a group of people to work formaybe eight or ten clients that have signed up for
you in a closed environment, like an office setting, itInternet Business Coaching. That's the only way they
costs a lot of money. I can attest to that personally.can truly provide quality service to their Coaching
My company, Worldwide Brands, Inc. employs manyclients.
people in our offices near Orlando, Florida. My PartnersSo, when I see these companies charging $3,000 to
and I spent a great deal of money setting up those$6,000 and more for several months of personal
offices, and a great deal more bringing on theCoaching, I do understand why they need to do that! In
(excellent) staff of people we have here.order to provide quality One-on-One service to their
It isn't as easy as just renting space. Once you haveCoaching clients, they have no choice but to charge
the office space, which isn't cheap to begin with, youthat much. All that money does not go into their
need to furnish that office space. Desks, chairs, filepockets. Most of it goes just to maintain the business
cabinets, tables. Those plastic things that you put onitself.
the floor that your chairs roll around on (you wouldn'tThat doesn't mean, however, that they are providing
believe what those things cost!). Staplers, paper, pens,quality service. As I said, I'm still researching that. The
sticky notes, and places to store and organize yourthree companies I have found look good so far, but I
office supplies. Restroom supplies. A refrigerator forhaven't gotten far enough in my research yet to
everybody's soft drinks and lunches. Signs for therecommend any of them personally. When I do, any
building and the doors.recommendations I have will be posted in our
Then, you need Phone Service. Thousands of dollarsResource Center and sent out in our Newsletter.
for digital phone systems that run multiple lines over aOnce I form my opinion, I hope it will help you to form
digital (T1) phone connection. An 800 number.your own opinion. :o)
Thousands per month in phone service and longChris Malta
distance bills.WorldWide Brands, Inc.