This is definitely one business model I’d like to be part of: Online Coaching or Mentorship.
Unfortunately I need to be popular first!
Reports the Bloomberg, (bold highlights mine)
Lots of bandwidth and $5,000 can get anyone an hour with Nobel Prize-winning economist Gary Becker.
A couple more computer clicks can also remake a tennis serve, fix a golf swing and provide tips on how to out-bluff the poker world’s top pros.
Becker, a University of Chicago professor who won the Nobel Prize in Economics in 1992, will be selling his time on ExpertInsight.com, a website offering one-to-one video chats with leaders, which opened yesterday. He’ll join people such as economics professors Jeffrey Miron of Harvard University and Laurence Kotlikoff of Boston University, “Freakonomics” co- authors Steven Levitt and Stephen Dubner, poker celebrities Patrik Antonius and Tom Dwan, and tennis coach Jeff Salzenstein.
“The idea is to bring this coaching model to everything,” said Brandon Adams, Expert Insight’s 32-year-old founder and chief executive officer.
The site’s roster blends the interests and contacts of Adams, a top poker professional who taught undergraduates in Harvard’s Department of Economics for the past eight years. Adams, the primary research assistant for Michael Lewis’s book “The Big Short,” began giving one-to-one poker lessons over the video-chat service Skype in March 2010, charging $300-$400 per hour....
Internet video chat has potential to be used for services ranging from tutoring and counseling to home repair and psychic readings. It may also help the world’s biggest celebrities interact with fans.
As I have been saying, the internet has been reshaping the way we do things.