What Are You Paying For?
I have had some interesting exchanges recently with a reasonably well-known CEO of a family of eLearning/Income platforms. The business model of most of his platforms involves some form of monthly residual income. This is the same space in which we dwell. As such, I have no issue with the overall business model. However, if you are paying (pick a number) $100 a month on a subscription basis, then what are you really paying for? In some comp plans, a certain percentage goes to the company as an Admin Fee (say 20%), or in this case, $20. In some cases, there is no Admin Fee and the entire $100 goes to the person who enrolled you. This begs a question, "What are you paying for?" Are you paying for a ticket to the money mechanics, the back office of the platform, and all of the tracking of people and payments? The obvious answer is YES, you are. But it begs a second question: "Are you paying for support and mentorship?" In other wo...