Everyone is doing it!
I'm on an email list from one of the hundreds maybe even thousands of people currently positioning themselves as experts who offer "masterclasses" on improving one's earnings as an independent marketing professional.Today's email offers the tantalizing lure of drawing in clients that pay $60K a year. The possibility of getting just two of those pushes one into that highly coveted six-figure income slot.
Definitely worth paying $1500 to learn how to earn nearly 10x that amount this year, right?
Then rational skepticism kicks in, and you think this: "If he really has no problem getting all these clients that put him in what he says is the top 1% of earners for this category, why would he take any time away from that highly lucrative work to produce these classes?
He's not retired, so he's not just passing on what he's learned to the next generation. He'd be passing it on to his competition. Altruism is certainly not the motivation here because the cost of the classes are substantial, particularly for something that wholly virtual and not accredited.
How did we come to this?
Perhaps what happened is that when the economy was in a much better state, some of these consultants did very well. The self-proclaimed masters have, indeed, experienced high earnings.
They had already acquired some key connections when the pandemic hit and create a new surge of demand for digital marketing content. With everyone working remotely anyway, it was a lot easier to be accepted as a consultant who delivered without having to be present in a NYC or LA office while still demanding the rates associated with those high-cost cities.
What a difference a year or two makes!
However, times have changed. Now these people have found that they're not nearly as in-demand at present as they likely were when brands were investing heavily in content marketing, particularly during the pandemic.
Finding that their income has dropped, they are now trying to supplement it with courses and some with other materials you can purchase.
In fact, some are even starting to boast about how much they've made from such sales.
Those who are trying to appeal to the value of exclusivity will like not publicize exactly how much they've made. For example, the "master" behind the course I described earlier claimed he will "restrict" attendance to 60 for his course to allow for "individual attention."
At $1500 a pop that amounts to $90K over mere weeks. But that will only happen if he gets the 60, which I seriously doubt. I'm sure he'll get a handful of people, but I believe he priced something with no guarantees too high to attract the desperate.
Of course, there are techniques one could learn and improve. But it's not really the quality of your work or even the leads it brings in that guarantees you're paid what you're worth. However, my own experience of 18+ years in the biz has taught me that timing and connections count for far more.
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