How Much I Charge Per Hour
Summary
- I wouldn't do anything for less than 50 grand an hour.
- If people pay for something, they are more likely to follow through with it.
- Free services impact a larger number of people, but fewer follow through.
- You make more money serving a huge amount of people and setting a high bar for entry.
- I set my bar high because I know I only need one high-value client.
Video
How To Take Action
I would suggest implementing a few strategies to help your small business, entrepreneurial journey, or personal growth.
First, determine the value of your time. It might not be $50,000 an hour, but you should know your worth. When you assign a high value to your time, you’ll make more strategic decisions about where to invest it.
Next, focus on charging for your services. People are more likely to value and follow through with something they’ve paid for. Even a nominal fee can increase commitment. If you’re offering a product or service, don’t shy away from putting a price on it.
Consider providing some elements for free, but make sure there is a clear path to paid services. The free components can attract a larger audience, and a portion of these will convert to paying customers as they seek more value.
Set a high bar for entry into your premium offerings. This could mean high prices, qualifications, or commitment levels. You don’t need a lot of clients; you just need the right ones who see the value and are willing to pay for it.
Lastly, understand that impacting a large number of people with free content can build your brand and authority. Over time, this increases your chances of attracting high-value clients who are ready to jump over your high bar of entry.
By recognizing your worth, charging for your services, implementing free offerings wisely, and setting a high bar for entry, you can effectively grow your business or personal brand without significantly increasing costs or time investments.
Full Transcript
what is 1 hour of your time worth probably wouldn't do anything for less than 50 grand 50 Grand if I charge for something a higher percentage of people who consume the thing if they paid for it will be likely to to follow through of it if it's free the smaller percentage but a larger absolute amount of people will be impacted you'll ultimately make more money serving a huge amount of people and then having some bar that people can jump over now I purposely put my bar really high because I know that like I only need one Facebook
