Since it’s launch, Elite Retreat has evoked a firestorm of debate among online marketers.
Attendees from the first ER paid $4,500 per head to attend the exclusive event.
The upcoming second ER to be held on 19 and 20th March in San Francisco is raising some hackles with its $4,950 price tag.
I’ve often heard the question on the forums and a number of Internet Marketers have been asking me this question:
Is it too much?
And often I hear the gripe that paying $4,950 which works out to $2,500 per day over the 2 day workshop is too much.
I think there’s a major problem here.
And the problem is with the person asking the question.
See, I have been doing business consulting and training and managing start-ups for the better part of 10 years.
I’ve almost never looked just at how much something costs, because that’s only half the equation.
What’s more, ok, I understate it here, what’s of the utmost importance whether you should invest in the opportunity is your return on your investment (ROI if you want the jargon).
If you spend $1,000 on an investment, what would you like to get out of it? $1,050? $2,000? $10,000?
My personal benchmark has always been to get a minimum 10 times return on my investment.
If I were to spend $5,000 on an opportunity, I’d expect to get at least $50,000 back in net profits.
So the question is whether Elite Retreat is overpriced?
Looking at this issue rationally, value is a function of your return over your investment (Return / Investment).
This are the two constraints on the issue:
- The investment is fixed ($4,950)
- The return is not fixed.
The return is determined by what you want to get out of the event.
Speaking to Jeremy Schoemaker (aka Shoemoney) on the sidelines of Affiliate Summit West, he mentioned that one of the ER participants from the first workshop was now generating $2,000 a day.
Ok, I’d admit that I didn’t nail Shoemoney on whether it was gross or net profit. But even assuming a worst case scenario that it was ‘only’ a 50% net profit, that’s a cool $1,000 a day, or $365,000 a year.
On a $4,000 investment.
So the issue now is whether the ER trainers will be able to deliver on their objectives to bring you to the next level.
This time around, they’ve assembled a cast of trainers comprising:
- Shoemoney (Search Engine Marketing, Branding, PPC, and Arbitrage)
- Kris Jones (Affiliate Marketing and Search Arbitrage)
- Lee Dodd (Community Building and Web Real Estate)
- Aaron Wall (Search Engine Optimization)
- Darren “ProBlogger” Rowse (Blogging and Monetization)
- Neil Patel (Social Media Optimization, Reputation Management, and Viral Marketing)
So between them, I believe they have most of the bases covered. I’d think that if you were more concerned about topics like domaining, copywriting, product creation, which aren’t specifically covered in the presentations (although some of the speakers have experience in these areas), what you can do to ensure your own success is:
- Do your preliminary research beforehand
- Do the necessary testing
- Compile all the questions you have and bring them to ER.
Talk to the panel of trainers and fellow participants and do whatever it takes to get the necessary knowledge to get yourself to the next level.
I’m sure that even if they aren’t able to directly address your query, one of them will be able to direct you to resources to get the information you need.
Will going to ER provide the magic antidote to all your burning questions and make you an overnight millionaire?
Neither will signing up for a myriad of courses, or buying a million dollars worth of ebooks.
What will bring you the success you desire is the determination, perserverance and most importantly, effort, to move yourself one step closer to success.
Obviously, Shoemoney and his team have planned a roadmap for Elite Retreat to make it a major initiative this year with sessions planned in Orlando (May), Chicago (July), Phoenix (Sept), Dallas (Nov).
Should you consider investing the $4,950 for the event?
Only if you see yourself investing the effort necessary to bring yourself $50,000.
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