How to Monetize Your Knowledge as a Mentor on Emergi Mentors
Mentoring online is a great way to positively change people's lives directly. It's also a fantastic way for people in any career path to earn a side income. No matter where you are in your career becoming a mentor is always a possibility.
However, how good you are at it, and how much money you can create through it, depends on your abilities and skills. Luckily, there are quite a few things you can do to maximize how much you can get out of mentoring online.
In this article, we look at what you need to do to monetize and maximize earnings from your knowledge of the Emergi Mentors platform.
Monetization On Emergi Mentors
Monetization of Emergi Mentors is not a complicated or lengthy process. After a quick mentor signup, you move on to creating your profile. Once your profile has been verified and approved you can start creating mentorship listings to sell and start making money.
However, before you try to do that, there are two things to keep in mind. In this article, we will look at both of these things.
The first is that to be a high-earning mentor there are certain soft skills and mentorship qualities one needs to have. The better you are at mentoring, the more effective your mentorship, and the more likely people will recommend you to others for them to learn from.
Secondly, when you want to monetize your knowledge online there are a few things you can do. Some of the most popular methods include:
Teaching classes online
Tutoring online
Selling courses online
Selling digital products or learning material online
On Emergi Mentors you get to do all these things on a single platform. We will look into these features of Emergi Mentors later on in this article and look at how you can maximize each to make the most money from it.
Being A Better Mentor
There are 5 key areas that you need to focus on as a mentor if you want to provide your mentees with the most value and the highest quality mentorship possible.
Maintain Mentee Focus
As a mentor, your primary aim is to equip your mentees with the skills and knowledge they need to navigate their professional career path. In some cases, mentors can start to provide solutions to a problem without addressing the lack of a certain skill that is the root cause of the issue in the first place. This is especially true when mentees come to mentors with problems and simply want a quick fix rather than a permanent and long-term solution to the issue.
Similarly, mentees may be stuck at a point in their career or are having challenges growing professionally, again due to a lack of necessary skills. As a mentor you want to work on these areas deliberately rather than just teaching what you think they ought to know. Unlike school and college, here there aren't specific credit hours that need to be completed to move to the next grade. Career progression can look quite different for people with varying levels of, and number of, skills.
In this regard, one of the most valuable skills a mentor can teach is the ability to self-audit so the mentee can evaluate their situation and develop a solution for the issue. Mentors are not always around to solve the problem and it would be unwise for a mentee to always rely on a mentor every time a hurdle comes up.
Empathy
Empathy is one of the most useful skills in a mentor's toolbox. Through empathy, you can teach more effectively, connect with your mentees better, and adjust the learning path according to what suits your mentee better.
Everyone will not progress at the same rate; different mentees will be less or more responsive to your teaching style and even the same mentee will have differences from one day to another. To deal with all this variation empathy will be your best friend.
In this regard one of the most common errors mentors make is assuming that the mentee will behave, respond, think and even feel like what the mentor did when they were at that stage. The goal of mentorship is not to make mentees as good as you, or even better than you, but to make them the best that they can be in their own individual ability. Accept them for who they are and aid them in becoming the best versions of themselves.
Constructive Criticism
One of the most important parts of the mentoring process, or any journey where learning and growth are part of the process, is feedback and criticism. We all make mistakes and have shortcomings in one area or another. Sharing that information with the learner is the tricky part.
Some mentees take constructive criticism very well while others can feel offended, and it can affect their learning. As a mentor, it is part of your job to provide constructive feedback and to do so in a manner that the mentee willingly listens and makes amends to incorporate that into their life.
A good strategy is to explain using your own experience and share how you were dealing with a similar problem and how you overcame it. Similarly, mentioning how the mentee has progressed and highlighting some of their achievements up till that point also helps them understand that you see the good and the bad and you are not trying to put them down but rather trying to help them overcome these challenges and get better.
Find Knowledge Gaps and Suggest Improvements
One of the main challenges that professionals have in their careers is finding weaknesses in their skillset, or areas that they lack entirely, and understanding how they can fill those voids to speed up career progression.
As a mentor, you will notice that this varies from one mentee to the next. The role of the mentor is also to find weak areas in a mentee and suggest possible ways to work on those weak areas. Moreover, as a mentor, you can better understand where a person's career is going, and you can recommend what things they need to focus on to reach their goals as fast as possible. This could be technical knowledge, soft skills or a combination of both.
Communication Skills
Effective communication is the cornerstone of teaching and mentoring. Getting your message across and getting it across in a way that motivates the audience to take the necessary steps, is essential to making a change in someone’s life.
Again, communication is a very personalized and subjective matter. As a mentor, you have your ways of communicating and different mentees will respond differently to your style of communication.
As a mentor, you want to keep lines of communication as open as you can to encourage discussion and honesty. This is also important when it comes to developing trust in the mentor-mentee relationship. If communication skills are something you lack in as a mentor this is something you will want to work on to help improve your performance as a mentor.
Monetization Options on Emergi Mentors
When it comes to monetizing your knowledge and earning online there are a few options such as tutoring, teaching online classes, selling courses and selling digital products.
On the Emergi Mentors platform, you can do all these things on a single platform giving you the ability to earn more while giving your mentees a more robust learning experience.
In this section, we look at the different ways you can earn on the Emergi Mentors platform.
1. One-to-one Sessions
Through direct sessions, mentees can interact directly with you through a voice or video call or text. Here you will create sessions of any time duration you want. These can be short 10-minute sessions or long one-hour sessions the duration of the session is up to you. Also, you have the freedom to choose any hourly rate you prefer. This is a popular method with mentees. They get dedicated time from their mentor to discuss any queries they may have.
Also, you can create sessions tailored to specific needs. For instance, if someone needs help with interview prep, they can book an interview preparation session rather than a general guidance session.
Some of the main types of one-on-one sessions that mentors create include career consulting, interview preps, resume audits, teaching/learning, and general guidance sessions.
2. Products
On Emergi Mentors you can also sell digital products. These are typically products that are designed to help mentees with career growth. The great thing about digital products is that they can be scaled very quickly and very easily.
Some common digital products that mentors create include things such as eBooks, PDFs, questionnaires, interview prep materials, premade PowerPoints and presentations, pre-recorded lectures, industry reports, scholarship information, audiobooks and various other career-related materials.
3. Packages
One of the unique features of the Emergi Mentors platform are the mentor packages. These are bundled offerings where mentors can create a ‘package’ of goods for mentees. This can include any combination of one-to-one sessions and products combined into one package
.
For instance, you may have 2 types of interview preparation sessions and 2 digital products that help mentees with interview prep. You can create an ‘Ultimate Interview Prep Package’ which includes all four of these offerings. This way mentees can buy the one ‘Ultimate Interview Prep’ package and through a single purchase buy everything you have to offer related to interview prep.
This makes it more convenient for the mentees and also allows the mentors to create specialized packages that offer a better learning experience for the mentee.
You can make bundles like education bundles, interview prep bundles, career change bundles, etc.
4. Custom-made offerings
Another unique possibility on the Emergi Mentors platform is the ability to create custom offerings. Be open to listening to mentee requirements and making something accordingly. This will make it easier for you to earn as a mentor and will give the mentee exactly what they are looking for. Of course, if this costs you extra time and effort you can charge a premium for it.
For some mentees, you may want to create a custom one-to-one session. For instance, if someone wants to book 3-hours of your time and have one long session, you can create that for them. Similarly, if they want a custom product, you can create that for them and charge for it through the Emergi Mentors platform. Maybe they like a questionnaire you’ve made and would like something similar on a different subject.
Conclusion
Emergi Mentors offers flexible earning options for mentors. It also allows flexible learning opportunities for mentees. How much you can make on the platform boils down to how well you do as a mentor and how effectively you can sell your mentoring services. Ready to get started? Become a tech mentor on Emergi Mentors and launch your own listings today.
