The Money Podcast Charge or Give Your Time for Free: How to Increase Fees & Value
Free vs Fee? What is is the balance between giving away your time for free vs commercialising your time and charging a fee. Rob dives into the paradox of charging for your time vs giving away your time for free, the value exchange and business pricing. Join in and learn more.
KEY TAKEAWAYS
- If you feel good about what you do and you tick the boxes society asks you to tick. Giving money away, giving your time away for free and not charging you can feel good about
- If there is no fee there is no free because the fee gives you the time to do the free but If you do too much for free you will damage the existing clients that are paying so you need to know the point of difference to who you’re providing your services to.
- The stuff you do for free will give you more reach, credibility, exposure, brand awareness, goodwill and as a result, the clients who consume the free content may become a paying client so the fee and the free go hand in hand to create more revenue and credibility.
- Offering free content to your audience will only work if mange your diary correctly. You need to compartmentalize your time and do what’s best for your business, finding new clients, marketing and generating revenue but also spend some time proving free content to attract more customers, clients, followers, and fans.
- Helping others for free feels amazing and as a result that goodwill and credibility will transmute to your self-worth and in turn will increase your fee.[Text Wrapping Break][Text Wrapping Break]What are your:
- Your commercial goals
- Your philanthropy goals
- Your time and diary management
BEST MOMENTS
“I have ringfenced in my diary every week a set amount of time to help people”
“Allow an hour a day on social platforms to answer questions and contribute to communities”
“If you’re happy with your day, you’ve helped people and you can sleep well at night you can ignore the critics”
“The more you put yourself out there the more critics you will get”
“Anyone in sales or marketing will like you more if you make money and can prove it”[Text Wrapping Break]“Everyone is allowed to make a living”
“I’ve given away over 1 million pounds to charity, but my coaching calls are worth much more than that”
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
“If you don't risk anything, you risk everything”
CONTACT METHOD
Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn - https://uk.linkedin.com/in/robmoore1979