My progress of Ramit Sethi's Earn1k Course
Earn1k’s Cost and Pricing
Earn1k costs about $1,000 to $1,200 depending on if you pay all upfront or with payments. It is a high costing course, which should mean it’s full of details, but I didn’t find it to be worth the price. Ramit claims that if his price is too high for someone then his product isn’t for them. In Module 3, lesson 3 slide 46 he says that if a freelancer’s price is too high for a potential candidate then the freelancer’s service isn’t for that customer. This philosophy could be true in some circumstances, but if there is a high price, then there better be a high amount of material, and I think Earn1k is lacking key things so it isn’t worth its price. These are some things it is lacking.
One reason is because Sethi lacks several key parts of doing business in Earn1k. What he skips on is how to actually create a business, and how to start accepting payments. Do you need an LLC or a DBA. How do you do those? Also, taxes. Dreaded taxes. Every small business owners the pains of taxes and other government regulations. Yet, accepting payments and taxes aren’t mentioned in Earn1k. Unless you are planning on doing your under the table and not making much money, you’ll have to file your income with the Government. This should be at least one section of Earn1k so people know what to do once they start making real money. If Ramit didn’t want to waste time on taxes and being a legal business, he still should have listed some resources we could use to get some more info on them.
Ramit doesn’t actually tell you how to get leads. He only mentions advertising and getting warm leads through using your contacts. I didn’t have much of a need for a service I was providing (Excel training) through my immediate contacts. Also, he wants you to do your market research by meeting current business owners and then somehow magically find your target market. Once you get your service ready you can then re-contact with these people to offer your services or have them spread the word.
The worst lesson was on using Craigslist to promote your service. We all know about Craigslist and the local classify ads so we didn’t need an entire lesson and bonus lesson on it. The bonus lesson did go more in-depth into using filters to search for services which was nice but its something found on Youtube.
The following website basically sums up all of Earn1k’s teachings and doesn’t cost a dime. It doesn’t have the details Ramit provides, but his details aren’t that great anyway. I would like to have scripts, case studies, and expert advice to fill in the details. Ramit promises to deliver all of those and he does, but he delivers on his promise the same way Olive Garden promises great Italian food while spending time with family. His product is only in the mid-range of quality. It’s no where near the bottom but not the best in show.
Here’s that website: http://www.marketingforsuccess.com/marketing-plan/fundamental-principles/