Most sales trainers have also written books and produced a variety of spinoff products such as cassette tapes, CDs, DVDs, or videos. Expect to spend between $1,000 and $5,000 for marketing materials, including brochures, business cards, and a Web site that is as dynamic as you are. Aside from your self-promotion tools, you really don’t need more than charisma and tenacity to get a business like this off the ground.
In this business, reputation is everything. Inspiring others to reach for their best is a noble profession, but it can only be successful if you constantly promote yourself to more prospects. Having a complete portfolio of “spinoff ” incentive products like books, CDs and self-assessments on your Web site is one way to keep customers coming back—and the money streaming in.
Approx. cost of start-up: $500 to $2,500 (for spinoff products, add another $5,000– $15,000)
Approx. potential earnings: $80,000 to $150,000+
Typical fees: $125 to $150 per hour plus travel expenses
Where to promote: Professional sales associations, networking, advertising in local business publications
Qualifications: Sales training or teaching experience
Things needed: Computer, printer, fax, high-speed Internet access, cell phone
Required staff: No
Hidden costs: Liability insurance, travel expenses not covered by client, incentives to help secure new clients (CDs, books, consulting time, or other business-building freebies)
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