- Originally posted by wezwaz:
Just to round out the current discussion, here is an example I can relate to:
Since I understand the mechanics of trading options, I could put together a seminar including all the glossy hype to suck people in. I charge participants $5,000 a head and get conservatively 100 to turn up. I walk away with $500,000 gross less some expenses – still a very tidy sum for a few days standing in front of a white board.
I have never traded an option in my life, but I know how they work. Knowing how options work and making money trading them are worlds apart. Still, I could make a heap of money training people to trade them. Now, let’s be honest, do you think this would be an honest way for me to make an exorbitant amount of money quickly?
There is one vital ingredient I forgot to mention. I lack the bravado and my ethics would not allow me to pull it off. Many presenters have bravado in spades and don’t mind compromising their ethics. Again, all presenters are not like this, before you get the wrong idea.
Marc, you should read the other post in this forum reviewing Ed Burton. Another sourpuss, or could there be an element of truth?
Wes.
I trade options for a living, and I know what the various “options super duper secret society we know stuff evrybody else doesn’t know” courses teach.
I can say catagorically that there is NO WAY that you can teach people to trade options for a living in 2 or 3 days. They can only teach you what you need to learn about in that time.
I suspect property seminars are the same.
They might open your eyes, but the real “learning” comes afterwards.
What I know would take weeks of full time study to teach and most people wouldn’t get it anyway. Thats not to brag, but it is years of accumalated knowledge whilst trading real time with my own money.
So is a $3-4-5000 seminar worth the money?
The actual knowledge is worth about $39.95 because you can get the same knowlege in a book.
Maybe the motivation is worth the money because the impetus has propelled many to go and learn further and actually apply that knowledge to increase wealth, whereas they may have not been motivated by reading a book.
I know this! The marketing costs are enormous! It costs a hell of a lot to get people to come to the seminars,
In the end the value of something is what someone is prepared to pay and there appears to be no shortage of punters lining up with multi-thousand dollar cheques (or more probably debt).
They’re paying up!
So wez, give me a call and we’ll start up an options seminar co. LOL
But I have to be honest. There is NO WAY I would give away my best strategies for less than 20k each.
Cheers
Originally posted by wayneLSo wez, give me a call and we’ll start up an options seminar co. LOL
But I have to be honest. There is NO WAY I would give away my best strategies for less than 20k each.
Cheers
Wayne, spot on. Why would you give away your hard earned “secret” for cheap?
Unless you do much more money telling others you should stay home and apply them yourself. After all when you unleash the punters on your system, you may as well pack up and find yourself another neach. So much for “Is it worth $5,000” For Wayne it is worth 20k, and good for him.Wez, My previous post was not “aimed” at you, but a general whinge about people whingeing.
I know there are scams, I understand you point that you could put together a scam yourself, so could I. I go much further in saying that this and other previous threads about “all seminars are a scam unless they are free or $50”, reflect a way of seeing or thinking about other people success.
To question the price of a seminar is like questioning how much the specialist charges you. After all why does one knee specialist charge $200 and the other $400? The answer is simple, because he can, and he would charge $600 if his patient are willing to pay.
The seminar presenter must cover the cost of marketing and hosting PLUS the loss he will incur by making whatever he is teaching public knowledge, IN the case of Wayne, this is worth 20,000 a head. Others are more modest and are happy with $5,000 others are real philanthropist and give it away for free …[cigar]“What you want in your life occasionally shows up…
what you must have… always does.” . . . . . Doug Firebaugh
May God Prosper you.[biggrin]
MarcGood replies. I hope inexperienced people thinking of parting with thousands for a “miracle cure” seminar are reading and taking it in.
We should not encourage people to think they have to spend thousands on “wealth” seminars to gain their knowledge. The overhyped ads play on people’s emotions and are highly influential, indicating wealth will follow almost automatically.
We should not encourage seminar presenters in charging thousands and say, “good on you if you can get away with it.” This sends a bad message to greedy presenters, who then know the system supports their activities and they can milk it for all it’s worth. It plays right into their hands.
I recently went to Steve’s Masterclass in Perth.
I found it very informative and well worth the time and money spent.
Before I attended I had read both of Steve’s books and knew that his seminar would be extremely beneficial and I wasn’t disappointed.
Perhaps its just a case of finding out as much about the speaker as possible before attending any seminar so that you don’t feel cheated.A lot of the value of seminars is motivational, which has value but not in a very logical way.
The “best” ones you walk away from thinking – wow I never knew that, I’m motivated etc. The people who feel they benefitted a lot, would probably feel that way to anything, and the people who don’t are naysayers who generally find everything useless. So what does that mean ?
It’s like any product, try it out if you think it’s worth the cost, and decide for yourself.
This seems to be a topic that people will never agree on. Some people go to seminars and some do not. Some like them, some do not.
I only go to seminars that I think are worthwhile, take in what I think I can use and discard the rest. I also never go to seminars that sell anything but info. I purchased a set of steve’s cd’s a few years ago and they have made me a lot of money.
I think obiwan has hit the nail on the head.”Decide for yourself”CATA
Asset Protection Specialist
[email protected]Are Gym memberships scams?
Some people will always be fat and unfit no matter what gym they join. Others benefit greatly from gyms or even a personal trainer. Still others are motivated enough on their own to run on the beach etc and have never joined a gym.
A bit of financial education to a keen person can go a long way, but its all about IMPLEMENTATION and taking away what fits your own wealth creation strategies.
I agree with Daz, if you can’t do it on your own, seminars won’t help. If you are able to do it on your own, you may be able to pick up a couple of things that you can use at any seminar you “choose” to attend.
Xenia
We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
[email protected]
phone 0412 437 582For me, the true value of the seminar is what you get out of it: ie. if a seminar costs you say $3K, and you can use the knowledge/contacts to go on and say make $10K, then I consider that it was worth the cost.
A word of warning though: beware of seminars that use subliminal brain-washing tactics to try to get you to sign up to the next one. I saw anthony robbins last year, and although the seminar content has some great ideas that I have since put into practice, I was appalled at the brainwashing techniques used to try to get participants to sign up the the “Robbins University” ie. $12K for the next 3 courses. It was actually quite insulting to me, as I DO NOT appreciate being psychologically manipulated. Fortunately I was on to it straight away, but I was disturbed by the 100+ people who signed up for the series. At $12K each, Mr Robbins made 1.2M in about 3 hours. Good one Tony.
I’ll get off my soapbox now.
Cath
I have been to a seminar which collected very good speakers, such as Micheal Yardley, Ed Chan, Bill Zheng, etc.
They talked about finance, developping, structures, depreciation, all sort of stuffs.
Even those experts in one area were learning from other experts in another area and it was just great.
I found a seminar which will be held at Noosa in Sep, where Rick Otton will be there with those speakers above.
If interested, you can visit
http://www.worldpropertysummit.com/
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