How To Charge For Design & Creative Work (Full Sales Masterclass & Roleplay)

The Futur
4 Jan 202455:49

Summary

TLDRIn this insightful video, Chris Doe delves into the intricacies of pricing strategies, emphasizing the importance of understanding the client's business goals and challenges. He advocates for value-based pricing over hourly rates, highlighting the need to shift focus from time spent to the value provided. Chris shares his personal experiences and insights, discussing the impact of pricing models on business growth and the art of engaging in meaningful dialogue with clients to uncover their true needs. The video serves as a guide for creatives to navigate the complex world of pricing with confidence and strategic thinking.

Takeaways

  • πŸ“ˆ Understand the importance of pricing strategies and their impact on business growth.
  • πŸ€” Be open to learning and applying pricing strategies in the real world.
  • πŸ”„ Recognize the three scopes of pricing: time-based, project-based, and value-based pricing.
  • πŸš€ Embrace value-based pricing to focus on the value provided rather than just the time spent.
  • πŸ’‘ Know when to pivot from one pricing model to another based on the problem at hand.
  • πŸ“ Ask the right questions to diagnose a client's needs and goals.
  • πŸ” Conduct thorough research on the client's business before engaging in dialogue.
  • 🀝 Approach client interactions with the intention to serve and provide clarity, not just to sell.
  • πŸ’° Understand that premium experiences and branding require significant investment across all touchpoints.
  • πŸ”„ Be prepared to adjust your pricing based on the client's willingness to invest in their business.
  • 🧠 Develop a mature and self-confident mindset to effectively navigate sales conversations.

Q & A

  • What are the three scopes of pricing mentioned in the video?

    -The three scopes of pricing mentioned are time-based pricing, project-based pricing, and value-based pricing.

  • Why does Chris advocate for value-based pricing over hourly pricing?

    -Chris advocates for value-based pricing because it shifts the focus from the time spent to the value provided, allowing for a more fair and potentially profitable pricing model.

  • What is the main challenge of implementing value-based pricing?

    -The main challenge is understanding the unique value each customer places on the product or service, as it requires a business dialogue with the customer to determine what they value differently.

  • How does Chris decide which pricing model to use in his career?

    -Chris uses all three pricing models depending on the specific situation and what is advantageous for both him and the client, recognizing that no one solution works for all people at all times.

  • What is the importance of understanding the client's business and goals before pricing a service?

    -Understanding the client's business and goals allows for a more accurate and fair pricing strategy, ensuring that the service provided aligns with the client's needs and the value they expect to receive.

  • What does Chris mean by 'selling time' in the context of pricing strategies?

    -In this context, 'selling time' refers to understanding the value the client places on their time and how quickly they need a solution, which can influence the pricing based on the urgency and importance of the service.

  • Why is it important for creatives to avoid selling units of time when the outcome is more important?

    -Selling units of time when the outcome is more important can limit the earning potential and not capture a fair percentage of the value created, as the focus should be on the transformative impact of the creative work rather than the time spent on it.

  • What is the 'ICE' acronym mentioned in the video, and how does it help in understanding a client's needs?

    -The 'ICE' acronym stands for Impact, Challenge, and End Goal. It helps in structuring the conversation with the client to understand the impact of the solution on their business, the challenges they are facing, and the ultimate goal they want to achieve.

  • How does Chris approach a client who is unsure about their pricing strategy?

    -Chris approaches by asking a series of diagnostic questions to understand the client's business, their goals, the challenges they face, and the potential solutions. This helps in determining the most appropriate pricing model for the client's specific needs.

  • What is the role of personal development in effective pricing and negotiation?

    -Personal development plays a crucial role as it builds confidence, self-awareness, and the ability to approach clients from a place of service rather than desperation. This mindset helps in conducting business in a way that is attractive to clients and leads to more successful negotiations.

Outlines

00:00

πŸŽ₯ Introduction to Pricing Strategies

Chris Doe starts the video discussing the importance of pricing strategies and acknowledges the request from MO for more content on this topic. He promises to cover various aspects of pricing, including high and low ends, role plays, and actionable steps. Chris emphasizes the importance of being open to learning and applying the strategies in the real world. He also addresses the concern of why he shares content for free and asks viewers to subscribe to the channel to show their support.

05:01

πŸ“ˆ Understanding Pricing Scopes

The video continues with Chris explaining the three scopes of pricing: time-based, project-based, and value-based pricing. He discusses the context of each pricing type and shares his personal experience with value-based pricing, highlighting the importance of focusing on the value provided rather than the time spent. Chris advocates for using the right pricing methodology for the task at hand and shares his approach to pricing in his career.

10:03

πŸ€” Evaluating Pricing Models

Chris and MO explore the indicators for choosing the right pricing model based on the problem at hand. They discuss the importance of understanding what is being sold, the units of measurement for effectiveness, and the scenarios where selling time makes sense. They also touch on the misconception that more time equals higher quality and the importance of considering the value of time for the client.

15:03

πŸ•’ Selling Time and Value

The conversation shifts to how creatives should consider selling time in relation to the client's value of time. Chris explains that the more valuable a person is, the more they are willing to pay to buy back their time. He uses examples to illustrate how time can be a non-renewable resource and how creatives can leverage this understanding to price their services effectively.

20:05

πŸ’¬ Asking the Right Questions

Chris emphasizes the importance of asking the right questions to understand the client's business, their challenges, and their goals. He introduces the acronym 'ICE' (Impact, Challenge, End Goal) to guide the conversation and extract valuable information. Chris also discusses the balance between research and intuition when preparing for client interactions.

25:05

πŸ“ Preparing for Sales Calls

The discussion focuses on the preparation required before engaging in sales calls. Chris suggests a graduated scale of research based on the individual's experience level. He advises against making assumptions and emphasizes the importance of asking open-ended questions to uncover the client's real problems.

30:06

πŸ”„ Addressing Business Problems

Chris and MO role-play a scenario where a client needs a new brand identity and logo design system. They discuss the business problems this could solve, such as attracting the right leads and aligning with the company's status. Chris questions the client's readiness to invest in the entire brand identity system, not just the logo, and highlights the importance of understanding the client's commitment to the premium experience.

35:08

πŸ’Έ Understanding the Financial Commitment

The conversation delves into the financial commitment required for a comprehensive brand identity system. Chris explains that while the client is prepared to spend a mid-five-figure amount on the identity design, the total investment could range from $250,000 to $400,000. He stresses the importance of aligning the client's expectations with the actual costs and ensuring that the investment is spread across all necessary touchpoints.

40:09

πŸ€” Reflecting on the Conversation

Chris and MO reflect on the role-play conversation, discussing the importance of not selling oneself too aggressively and instead focusing on being an advocate for the client. Chris shares his approach to questioning the client's logic and assumptions, and the need for clients to be self-aware and confident in their business decisions. He emphasizes the value of being genuine and caring for the client's needs over making a quick sale.

45:09

🌟 Personal Development in Sales

The conversation concludes with a focus on personal development in sales. Chris stresses the importance of being in a state of abundance and not desperation when approaching clients. He advises on how to conduct oneself with confidence and stability, and how to genuinely care for the client's needs without being overly eager to sell. Chris also touches on the philosophy of serving the client and helping them gain clarity on their goals, regardless of whether it includes your services or not.

Mindmap

Keywords

πŸ’‘Pricing Strategies

Pricing strategies refer to the methods businesses use to set the selling price of their products or services. In the video, Chris discusses various pricing models such as time-based, project-based, and value-based pricing, emphasizing the importance of choosing the right strategy for different business scenarios.

πŸ’‘Value-Based Pricing

Value-based pricing is a strategy where the price of a product or service is determined by the value it provides to the customer, rather than the cost to produce it. Chris advocates for this approach, explaining that it can lead to a fairer reflection of the value created for the client, as seen in the discussion about the impact on the client's business.

πŸ’‘Mind Space

Mind space refers to an individual's mental state or mindset. In the context of the video, Chris emphasizes that the effectiveness of pricing strategies depends on the right mind space, suggesting that a positive and open mindset is crucial for learning and applying new concepts.

πŸ’‘Subscription

A subscription is a business model where customers pay a periodic fee to receive ongoing access to a product or service. Chris mentions the importance of channel subscriptions as a metric of value, indicating that a low subscription rate can be a concern for content creators.

πŸ’‘Creatives

Creatives, in this context, refers to individuals or businesses involved in creative industries such as design, art, or content creation. Chris addresses creatives directly, discussing their pricing challenges and the need to transition from time-based to value-based pricing.

πŸ’‘Scope of Work

Scope of work defines the extent of services to be provided in a project. Chris discusses the importance of understanding the scope when determining pricing, whether it's fixed or variable, and how it affects the pricing model chosen.

πŸ’‘Business Dialogue

Business dialogue refers to the communication between businesses or between a business and its clients. Chris highlights the need for a business dialogue to understand the client's needs and the value they place on the services provided, which is essential for implementing value-based pricing.

πŸ’‘Earning Potential

Earning potential refers to the amount of income that can be generated from a business or investment. Chris discusses how using value-based pricing can increase earning potential by capturing a fair percentage of the value created for the client.

πŸ’‘Pivot

To pivot means to change direction or strategy. In the video, Chris talks about the need to pivot the current pricing model based on the problem at hand, indicating flexibility in business strategy to better serve the client and the market.

πŸ’‘Outcome

Outcome refers to the result or effect of an action or decision. Chris emphasizes the importance of understanding the client's desired outcome to provide a solution that aligns with their goals, which is a key aspect of the diagnostic approach to sales and pricing.

Highlights

The importance of understanding the right pricing strategy for different business scenarios.

The three scopes of pricing: time-based, project-based, and value-based pricing.

The shift from hourly pricing to value-based pricing for creatives.

The impact of pricing methodology on business growth and profitability.

The necessity of being in the right mindset for effective learning and application of pricing strategies.

The value of offering free content and its relation to subscriber engagement.

The importance of understanding the client's business and their unique value perception.

The role of dialogue in uncovering the true needs and challenges of a client.

The concept of selling time back to clients and the value of time in business transactions.

The significance of asking the right questions to determine the appropriate pricing model.

The importance of understanding the client's business goals and challenges before proposing solutions.

The role of personal development in effective client communication and negotiation.

The concept of being an advocate for the client rather than just a service provider.

The importance of not being desperate in business negotiations and maintaining a balanced approach.

The value of being honest and transparent with clients about the potential costs and outcomes of their decisions.

The role of personal confidence and self-awareness in conducting business conversations.

The importance of aligning client expectations with the reality of what can be achieved within their budget.

Transcripts

play00:00

hey what's up beautiful people it's me

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Chris doe here on the channel and guess

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what surprise surprise we have another

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video about pricing and pricing

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strategies cuz my friend MO says we

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haven't done this enough kill me now

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already but here's the thing I promise

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you if you watch some of our other

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videos about pricing strategies and

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you're still left confused well guess

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what we're going to go deeper we're

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going to go high we're going to go low

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we're going to do role plays and I'm

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going to give you some clear actionable

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steps and none of this will work if

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you're not in the right mind space but

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the first thing you do is open yourself

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up to learning this and then thinking

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through it to see how you would apply

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this in the real world I know all of you

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who are watching this are a little

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suspicious as to why I'm making content

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for free and laying all my cards on the

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table unlike so many creators that you

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see out there who are keeping the good

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stuff behind a gated pay wall I want to

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ask you for something my team has told

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me that less than 50% of the people who

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watch these videos actually subscribe to

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the channel and it's one metric that we

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care about and it's a measurement of

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value to you so do me a favor go ahead

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and hit subscribe right now and then

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enjoy the rest of the video I want to

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get right into it um I'm going to give a

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brief summary of some of the things that

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I've personally learned from you and

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what I've seen you teach so people have

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context to exactly what we're talking

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about many creatives when they get into

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the business there's usually three

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scopes of pricing and you guys can go to

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this video that he breaks down each

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pricing type but there's time based

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pricing which is basically charging for

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your time Project based pricing where

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you're mapping out how much a project is

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going to cost for you internally and

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then giving the client a rate that has

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some buffer for you to make a profit and

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then there's value based pricing which

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is pricing based on the value that you

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are creating for the client or

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respective Prospect Chris you've been a

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huge advocate of value based pricing

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over hourly raids I want to understand

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why you say or why you advocate for

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creatives to transition to Value based

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pricing there's a specific line that you

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said and I'm literally quoting you from

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a video you said you have to to shift

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your focus from the time spent to the

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value provided how has this approach

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impacted your business and why are you

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such an advocate for it I'm an advocate

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for using the right pricing methodology

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for the for the task and so if we were

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like I only have one Ty phase I would

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use one Tye phase for the rest of my

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life and then you're limiting yourself

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to whatever else you need to express and

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this is just a challenge of expression

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there is a time and place to charge

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hourly there's nothing wrong with

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charging hourly except for when you when

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that's the only tool that you have for

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all itions I'll tell you when that makes

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sense when you have fixed scope with

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variable scope and you don't and you

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can't for whatever reasons you can't

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determine what the variable scope is

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going to be so you can come up with a

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fixed fee and what when we describe

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Project based fees it's not figuring out

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what your costs are and then doing a

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markup a fixed fee bid or Project based

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thing is basically I'm going to

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guesstimate my cost my profit and some

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value to the client but basically I

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promise to deliver a product project

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under this budget or on this budget and

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it can have a relationship with a time

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spent or it can have no relationship

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whatsoever but it's basically saying I

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guarantee this deliverable based on this

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price unless you change scope and

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there's a time to use that as well and

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so in my career and I still do to this

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day I consistently still use all three

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pricing models so I just want to put

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that out there in case people are like

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well easy for you to say or it doesn't

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work for all things no one solution

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works for all people at all time so it's

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good for us to know when it's

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advantageous for both us and the client

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to change the model based on the problem

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at hand value based pricing is the most

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difficult one to understand and to

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implement and there's a reason why is

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because you have to have a business

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dialogue with your customer each

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customer is different they value things

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differently it's also coincidentally

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ironically the most fair pricing model

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because it could mean that you're going

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to price something a lot more and

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something a lot less because the

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pendulum swings both ways so we need to

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understand that right when you

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understand that then then you can say

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like well designers creative people who

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create transformative experiences for

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people who can actually increase the

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value of a product because it's designed

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well the packaging of it looks good it

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connects with its core audience then

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that is a value that you're creating

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beyond the materials and the timing

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which you put into it and so in this way

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if we're going to use an hourly based

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pricing model when we know what the

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scope is going to be we're going to

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limit our earning potential and we're

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not capturing some Fair percentage of

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value created and that's what we need to

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focus on you mentioned something in the

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middle of that where depending on the

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problem that you're solving you have to

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decide if you need to Pivot the current

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pricing model that you're using what are

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some of the indicators that you look for

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for deciding what pricing model to

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choose if if I'm if I'm like a designer

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that's trying to figure this out like

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what should I pitch or what should I

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discuss with this person what are you

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looking for there to be able to make

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those decisions you can ask yourself a

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couple different things what are you

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really selling what units will we use to

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measure Effectiveness are we saying

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we're selling time and some things make

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sense to sell in units of time are we

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selling in units of product when we do

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Project based pricing that's what we're

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talking about are we going to sell units

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of value what is a value to the person

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and depending on the scenario the

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situation of what you're trying to do

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the answer is going to be very different

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most people that we know in the creative

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space default to selling units of time

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when time is not a good measurement and

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I'll give you some several examples

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let's let's ask our audience this

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question Mo in what situation where you

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desire a solution where taking longer is

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worth more to you because that then it

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would make a lot of sense to sell units

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of time in what situation is it worth

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more to you for something to take longer

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when you desire a solution I can't think

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of too many so for example I'm at at the

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airport I'm waiting for my ride ride

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share Uber lift something like that a

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Yellow Cab do I feel like I should pay

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more for waiting or pay less for waiting

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and if you're like most rational people

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and and it's evidenced by the app itself

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the ones that pick you up faster that

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get you there in luxury and style will

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cost more and so if you say okay well I

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want to order something I bought a new

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pair of sneakers I wanted them to get

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here will I pay more or less for it

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arrive here

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sooner will I pay more or less to jump

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the line at Disneyland will I pay more

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or less to jump the line at a hotel or a

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restaurant so in those instances if you

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sell units of time then you're going

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backwards it doesn't make

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sense I'm actually having a hard time

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when I desire a solution where I want it

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to take longer and I'm saying this very

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earnestly like Mo can you think of a

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time when you want a solution and you

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want it to take longer not off the top

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of my head right now because if I'm

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somebody who's looking for a solution

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that means I'm in a state of pain and I

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want it resolved and the more time I

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spend in the pain the more suffering I

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experience so I rather have it done

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faster yes there is one instance I can

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think of for a couple say quality time

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you want to spend time with your boy

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that's a solution or an outcome you

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desire and you would rather spend higher

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quality time and more of it with your

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with your child that's just the way it's

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going to work so there's certain things

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where it's not the outcome it's the

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journey that matters and for the things

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that the Journey matters we would prefer

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to take longer here's the example I want

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to get on Disney's latest theme park

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attraction ride I want that that result

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I don't want that ride to last 10

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seconds I want it to last three minutes

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or 30 minutes or however long you want

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it to ride and so there are things that

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we enjoy the process of doing more than

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the outcome so are you saying that if

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you are selling an experience and that

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experience has a positive quality to it

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in the experiencing of it that's when

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you should think about okay time is your

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friend here but when we're talking about

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it in a business sense as you've

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mentioned if you're solving a problem

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depending on what it is that you're

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selling it's probably in your best

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interest to eliminate time as the metric

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of how you're pricing your situation yes

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I would even put in the word business

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because there's a lot of things that are

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not business related when the outcome is

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important for us that we want to pay

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more for a faster result I'll give you

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an example if your plumbing explodes or

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you're without hot water you want

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someone to come out that's not a

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business that's just a personal human

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thing I'm in a state of discomfort I

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would like to have a remedy for this and

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if you can get here sooner I pay you

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more so here's the problem though

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logically we've had this conversation

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many times on this channel people can

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understand this now here's what they

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think there's a false equivalency to

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more time equals higher quality and so

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now what we're saying is we're selling

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quality not outcome but quality is

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really debatable and it's highly

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subjective and we also know it's not

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100%

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true because if an artist takes longer

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to render a painting does it make that

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painting more valuable than something

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that takes less time of lower quality if

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that's the argument and let's look at it

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you've probably undoubtedly seen a bunch

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of Renaissance paintings beautiful oil

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paintings that are

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rendered looks like it's done by a

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master trades person an artist if you

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will are those paintings more valuable

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than a Picasso painting which seems like

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it doesn't take a whole lot of time to

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draw or to paint is it worth more than a

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Jackson Pollock painting in the free

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market now I'm no art historian but when

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we start to look at postmodernism

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abstract expressionism we're going to

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find that the those tend to actually get

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more money in the open market than these

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Renaissance style paintings unless it's

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from someone of note but even so I think

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the things that break records are the

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things that aren't measured by units of

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time or quote unquote quality but based

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on other factors like Aesthetics or

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notoriety or specific technique or

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newness novelty they think that just

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because they're spending more time on it

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that naturally that's going to make it

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of higher quality and then they're

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basing the high quality as the only unit

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of value for the other person it seems

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to be that that's the case and that's

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the argument that people will make it's

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it's not a strong argument but that's

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the argument they make so what should a

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creat native who is currently pricing

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their work actually be looking at to

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measure the value of what they do

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relative to the person that they're

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serving okay and and here's the answer

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it's going to seem strangely like

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hypocritical you should be selling time

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you're wait wait wait what what did I

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just miss something yeah you should be

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selling time you've been measuring time

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in the wrong way you're measuring time

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in which you work on it not time for the

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client so the person who buys

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a service or a product they have some

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abstract value of time so let's take it

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to the real world again so here I am I'm

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about to have a dinner party and have a

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bunch of guests coming over and for

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whatever reason the oven or the stove

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isn't working and I need an electrician

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to come out and fix the problem for me

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right away given the added urgency the

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importance of Who's Coming to Dinner the

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social standing I have within my family

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or with my guess all of a sudden my time

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becomes really important now and I'm

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starting to stress out now if I happen

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to be a well-to-do person well-off

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person then the electrician who can come

play11:38

here and do the job is going to get a

play11:39

better tip and I'm willing to pay more

play11:42

double triple their normal rates that's

play11:45

the time that matters let me give you a

play11:47

different example let's say I want to

play11:50

launch a product and I need an Ecom site

play11:52

built I know that for every day it

play11:54

doesn't launch it costs me in terms of

play11:57

loss opportunity if every day from now

play11:59

to like say Black Friday or Christmas or

play12:02

New Year something like that I'm losing

play12:04

real opportunity to make money so if

play12:06

you're web developer a designer and you

play12:08

can deliver a high quality product that

play12:11

serves my needs but can do it in less

play12:14

time it's worth more to me and if you

play12:16

say I'm going to deliver the exact same

play12:18

site same level quality and conversion

play12:21

but it's going to take me six months

play12:23

that's worth less to me so what you're

play12:24

doing is you're selling people's time

play12:27

back to themselves the more valuable the

play12:29

person is the more they'll pay you to

play12:31

buy back their time because they also

play12:32

know that time is a non-renewable

play12:35

perishable

play12:36

resource you can make more money but you

play12:38

can't make more time and then in this

play12:40

case time is money I want to encourage

play12:42

anyone who's listening whether you're

play12:43

cleaning around the house right now and

play12:45

you're listening to this this discussion

play12:46

for yourself and you're not taking notes

play12:49

I would rewind the section that was just

play12:50

said because I'm going to dive in with

play12:52

Chris on this you said The more valuable

play12:54

the person is the more money that you or

play12:59

creative should charge them because

play13:00

you're buying back their time in the

play13:03

example that you gave no let's let's

play13:05

clear that up clear it up the way that

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we say this is very important okay the

play13:09

more valuable or the the higher the net

play13:12

worth of the individual that's sitting

play13:14

across the table from you the more their

play13:16

time is worth to them yes so you're not

play13:20

buying you're selling their time back to

play13:22

them so something's going to take a 100

play13:24

days or 100 hours and if you can do it

play13:26

in half the time it's worth twice as

play13:27

much to them so the condition is the

play13:29

person must value their time and what

play13:33

you do must solve their problem and if

play13:35

you can do it faster you're more likely

play13:37

to get the gig but you should be able to

play13:39

charge more that's why they've invented

play13:41

Rush fees or you pay more money for an

play13:43

expediter now I don't know about you but

play13:46

I've had the opportunity to be able to

play13:49

buy real estate and develop property and

play13:51

when you are trying to get your plans

play13:53

approved by the city it could take a

play13:55

really long time so the the contractor

play13:58

can't start work because we don't have

play14:00

approved plans and if you build without

play14:02

approved plans they'll make you come in

play14:03

and they'll tear it down and they'll

play14:05

give you a fine and you have to do it

play14:06

again so now you're losing time you're

play14:08

losing money and you've wasted resources

play14:10

because they're not going to give you uh

play14:12

they're not going to reimburse you for

play14:13

the materials you've already use that

play14:14

you have to pull out again so there is

play14:17

literally

play14:18

someone that is an in between between

play14:21

you and the city that expedites the plan

play14:23

to get it approved they literally walk

play14:25

your plans over to the city planner and

play14:29

say I I need a favor Jimmy or Mary I

play14:31

need you to get this thing signed off

play14:33

can you review this on a Tuesday and

play14:34

they get your plans approved faster for

play14:36

which you pay them some amount of money

play14:38

so you can get going on

play14:40

construction that's how time really

play14:42

works correct me if I'm wrong and here's

play14:44

what I'm hearing is that the person that

play14:47

you are engaging with and I'm talking to

play14:49

the creators that are listening you have

play14:50

to understand number one who they are

play14:54

right you have to understand their

play14:57

business AKA you're s cing out how

play15:00

valuable their time is to them and then

play15:03

you have to really assess what's the

play15:05

risk of them not doing what they need I

play15:09

guess for a lack of a better term fast

play15:11

so as a creative I think you've had

play15:14

enough reps in the game to where you can

play15:16

have a conversation and sus this out

play15:17

very quickly but how do I approach a

play15:21

prospect to really understand who they

play15:23

are understand their business understand

play15:24

the associated risk so I can then come

play15:27

to the conclusion that oh this is what

play15:29

they need and this is how I should price

play15:30

it in this way Mo ask a question how do

play15:33

you approach understanding a client's

play15:35

business who they are and the risks that

play15:37

are involved so you know how to price

play15:39

accordingly right ask a question oh that

play15:43

is wait that is I was playing around

play15:45

with you that's the answer so what we

play15:47

want to do is we want to the the answer

play15:50

is the question you just need to know

play15:52

how to ask the question and so you've

play15:53

seen many videos on this where I ask

play15:55

people questions and like oh it seems so

play15:57

easy when you do it because my intention

play15:59

is to find out what the real answer is

play16:01

so if you come to me with a problem I

play16:04

just want to know what the problem is so

play16:06

I'm like what's the problem what's the

play16:07

goal what are you trying to do why

play16:08

haven't you been able to get this before

play16:10

so you can follow a very simple

play16:11

framework let me try to make this super

play16:13

easy for everybody you need to know what

play16:15

the outcome is that they want it's not

play16:17

what they want you to make but what's

play16:18

the ultimate goal what's driving this

play16:21

request so if somebody wants a website

play16:22

it's not because they want a website so

play16:24

if you're bidding on a website you've

play16:25

missed the point the website is to do

play16:28

something that's to communicate

play16:29

something it's to sell an idea sell a

play16:32

product it's to create awareness around

play16:34

something so you need to figure out what

play16:36

the objective is the website is just one

play16:39

vehicle to deliver the potential result

play16:41

there which we don't always know what

play16:43

the best vehicle is until we have a

play16:45

question so now you know what the goal

play16:47

or the outcome is then you have to ask

play16:49

well there must be something that's

play16:51

getting in the way of this there's a

play16:52

challenge involved here you don't know

play16:54

who to talk to you failed in the past

play16:57

maybe the copywriting is wrong or maybe

play16:59

the whole strategy is wrong we got to

play17:00

figure that from them so what we do is

play17:02

we just ask more questions so in the

play17:04

past have you tried to do this no we

play17:06

have not yes we have and it didn't work

play17:08

Why didn't it work tell me more about

play17:10

that well we went in with the wrong

play17:12

assumptions about who our customers are

play17:14

we overpriced the market we underpriced

play17:16

the market or we entered in a time in

play17:19

which there was some kind of controversy

play17:21

around this product but now there isn't

play17:22

anymore we need to know we need to be a

play17:24

detective we have to ask questions we

play17:26

have to be Diagnostic in our dialogue so

play17:29

now we know what the goal is we know

play17:30

what the challenges

play17:31

are then we have to ask other questions

play17:34

what impact will it have on your

play17:35

business if this problem were solved

play17:38

they get to tell us at this point and

play17:39

now you can see we're getting a lot of

play17:41

really useful information we're surfing

play17:44

we're surfacing the deeper issues and

play17:46

now we can get to a real point of

play17:48

understanding their business goals and

play17:49

their needs and their challenges and

play17:51

what the potential solutions could look

play17:53

like and then we owe it to ourselves and

play17:55

to the client to say based on what I

play17:57

just learned there are two or three

play17:59

things that come to my mind that could

play18:01

possibly solve this each has a set of

play18:03

pros and cons let's discuss is that

play18:06

interesting to you they you say yes you

play18:08

go through a b and c and you ask them of

play18:11

these three options which seems most

play18:13

appealing to you or some other option

play18:15

we've not talked about they say option b

play18:17

option b sounds like low risk or you

play18:19

know what we have more money than we

play18:21

have time I like option C let's spend

play18:23

the most amount of money because I just

play18:24

need to get this thing done are you the

play18:26

person who can deliver that so you just

play18:27

do this in the form of dialogue by

play18:30

asking smart questions listening and

play18:31

following up with people I'm G to push

play18:33

back and you know me and you have done

play18:35

this dance countless times for the

play18:37

length that we've known each other but

play18:38

before I push back on this on behalf of

play18:40

the audience you know I love a good

play18:42

acronym and you'll be dropping gems so I

play18:45

just want I'm gonna I'm gonna turn this

play18:46

question formula into a quick acronym

play18:49

for the guest okay and the acronym is

play18:52

ice cuz Chris is always fresh to death

play18:56

and he keeps it icy so when you go into

play18:58

these sales you got to think of yourself

play19:00

like how swole is your wrist how icy is

play19:02

it number one and not in any order but

play19:04

just to remember the acronym impact

play19:07

what's the impact that what you're going

play19:09

to do is going to have on this person's

play19:10

business is challenge what's the

play19:13

challenge that they're facing right now

play19:14

that's getting in the way of the E which

play19:18

is end goal what result do they want to

play19:21

have happen What goal do they want to

play19:22

reach so if you're ever stuck and you're

play19:24

like I don't know what questions to ask

play19:26

I don't know how to run this just try

play19:28

your best to remember the acronym ice

play19:30

I'm sure by the end of this video Chris

play19:31

is going to reward it re remaster it

play19:34

that's what we do when me and him are in

play19:35

the studio which is completely fine so

play19:38

let's let me table that I've been I've

play19:40

been in many workshops with you I've

play19:42

been on many coaching calls with you and

play19:45

I'm a student of yours and here's where

play19:48

old me kind of flares up when you say

play19:52

well go in like you don't know anything

play19:54

right just be curious ask a bunch of

play19:57

questions I think you're great at that I

play20:00

think that could be very nerve-wracking

play20:02

for people especially creatives that

play20:04

maybe are early on or maybe haven't had

play20:06

a lot of exposure to sales calls do you

play20:09

recommend and if yes any type of prep

play20:12

work that the person should be doing

play20:14

before they get into this call so they

play20:17

can ask these questions effectively

play20:19

because there's knowing what questions

play20:20

to ask but then asking them effectively

play20:22

for the other person to give you what

play20:23

you need so what are your thoughts on

play20:24

that just for the record if you play

play20:26

back the tape I never said go into it

play20:28

with no information you just made that

play20:31

part up so I just want to be clear here

play20:34

so let's look at this as a graduated

play20:36

scale so if you're new in your journey

play20:38

you need to do a lot of research you

play20:39

need to do a lot of preparation if

play20:40

you're more senior in your journey

play20:42

you'll notice that you do less research

play20:44

and there's a reason why you want to do

play20:45

it this way so let's assume everybody

play20:47

who's watching this video is fairly new

play20:49

in their journey in terms of

play20:51

understanding how to be Diagnostic in

play20:52

their dialogue so you need to do some

play20:54

background information you just need to

play20:55

look them up figure out what their

play20:56

business is about see if you you

play20:58

understand it read the literature that

play21:00

could be on their website look at their

play21:01

social channels so that you're getting a

play21:03

sense of their business you can even go

play21:05

into things like what is it glass door

play21:09

and and read the reviews and how people

play21:11

feel about the company you can go on to

play21:12

Amazon read the reviews their products

play21:15

or their services you can perform some

play21:17

benchmarks on their website and just

play21:19

scrape data and you don't want to go

play21:21

into there as a know-it-all but just so

play21:23

that you don't seem totally ill prepared

play21:26

for the conversation but then everything

play21:28

else stays true in Kevin dy's book

play21:30

Socratic selling he talks about this no

play21:33

amount of research that you can do will

play21:35

get you the kind of information that you

play21:37

can get if you just speak to the

play21:38

decision makers they have the up-to-date

play21:40

stuff they have the real stuff you just

play21:41

have the publicly available information

play21:44

so it's a dangerous game to assume if

play21:46

you go in there like I looked at your

play21:48

site Cent just hold on a second I looked

play21:50

at your site and looked at conversions

play21:51

below average and you just go reading

play21:53

them whatever it is you research and

play21:55

like well I'm here to talk about hair

play21:57

andcut and you're talking talking about

play21:58

this it makes no sense so don't start

play22:01

the party without the

play22:02

client ask some questions and don't ask

play22:05

leading questions either now people

play22:06

always say well how do I know it's a

play22:09

leading question because it presumes an

play22:11

outcome it's very directed There is a

play22:14

sense of judgment on it is your website

play22:17

working for you well You' made a

play22:18

presumption that I I want to talk about

play22:20

my website and that you're also by

play22:22

inferring is it working for you that you

play22:24

don't think it's working you should ask

play22:26

a much more open-ended question because

play22:27

we're looking for the real problem and

play22:29

only with the client's help can we find

play22:31

the real problem so we use a bit of

play22:34

research and then intuition and being

play22:36

great at asking questions and listening

play22:38

demonstrating a ton of empathy is how we

play22:41

really find what the real problem is so

play22:45

I found that the more information I go

play22:48

into the meeting with as a person who's

play22:50

further along in their Journey more

play22:52

senior than you is that I find that when

play22:55

I learn too much it starts to Cloud what

play22:58

it is I'm looking for it's almost like I

play23:01

read the case File before arriving on

play23:02

the scene of the crime and I'm starting

play23:04

to make a lot of assumptions about

play23:05

What's happen when I really just need to

play23:07

show up and take in the information

play23:09

while in the back of my mind knowing

play23:12

that it plugs into some data or some

play23:13

research I've already done so you're

play23:15

still here and guess what you didn't do

play23:18

what I asked before and that's why I'm

play23:19

back invading and interrupting your

play23:21

enjoyment of this video you're still

play23:23

here go ahead and stop the video and hit

play23:25

subscribe and I'm out of your hair yeah

play23:28

so in a situation where your prospect

play23:30

has identified they need a new brand

play23:32

identity and logo design system you've

play23:35

determined is what they need and you've

play23:37

determined that it solves a business

play23:38

problem what business problem did that

play23:40

solve um the way they show up is not

play23:43

representative of how good of a business

play23:46

they are it feels in congruent with

play23:48

their marketing it's not attractive

play23:50

enough for the kind of client they need

play23:52

so they're not getting the right leads

play23:53

in the door cuz maybe they look cheaper

play23:55

than they actually are and they're in

play23:57

producing a new line of things where

play23:59

this extended brand identity is helping

play24:02

them launch this stuff easier and make

play24:04

sure that everything is cohesive as it

play24:07

goes out it sounds like everything

play24:08

you're saying is what they have

play24:10

currently is misaligned with what they

play24:12

like from status to attraction to leads

play24:14

to product launch awareness Association

play24:17

they want to change it are any of these

play24:19

things quantifiable from a business

play24:22

metric I get the dance we're doing now

play24:24

I'm the client I feel like I'm feeding

play24:25

right into your hand is this is this

play24:26

happening right now is this meta right

play24:28

now is this what's going on yeah if

play24:29

we're not attracting the right person

play24:31

then person that we want which on

play24:34

average pays us this much is not coming

play24:36

through the door so we're not hitting

play24:38

the revenue markers that we want to hit

play24:41

do you think your money is better spent

play24:43

investing in copyrighting and marketing

play24:46

funnels and marketing programs than it

play24:48

is in brand Identity Design if your

play24:51

whole point is to attract more customers

play24:53

do you think by

play24:54

changing the identity that that's going

play24:57

to do anything I think the copyrighting

play24:59

and the marketing and how it's presented

play25:02

needs to be aligned with the brand

play25:04

identity that's important to me or else

play25:07

we're just going to look like the quick

play25:09

marketers they a clickfunnels landing

play25:11

page with a lot of text and it doesn't

play25:13

really speak to our culture who we are

play25:17

and who we serve so I I do think

play25:19

important I do want to say this I would

play25:21

love nothing more than to design a brand

play25:24

identity system for you however I just

play25:27

need to check check in with you to say

play25:29

like in the real world do you buy

play25:31

products that you love from companies

play25:33

that are very valuable where they're

play25:36

logo and identity system is trash that's

play25:38

an excellent question I would say yeah

play25:42

sometimes can you name more companies

play25:44

where that's true versus false or can

play25:46

you name more that it's where that's

play25:47

false versus true where they're valuable

play25:50

company and their Identity Design is

play25:53

terrible more cases where it's true or

play25:54

more cases where that's false probably

play25:56

more cases where where it's false as I

play26:00

think of my own shopping Behavior and

play26:02

the longevity of who I buy from I'm an

play26:05

iPhone user The Experience from top to

play26:07

bottom from when I get on the website or

play26:09

when I go to their desk in the shop to

play26:11

the packaging I think it is important

play26:13

how many companies that can you name

play26:15

that are on the Apple level experience

play26:17

that you're talking about would should

play26:18

you go down the list with me not many

play26:20

probably probably not so I already know

play26:23

the answer to this question is because a

play26:24

lot of people associate a solution with

play26:27

what they want and they don't actually

play26:28

take the time to actually check in

play26:31

whether or not the market validates this

play26:33

or not I'll give you a couple examples

play26:35

the Hilton Hotel you love their logo and

play26:36

identity system I could care less about

play26:39

it actually right valuable company very

play26:42

much so Marriott yeah Norwegian Cruises

play26:46

we can just go down the line and in fact

play26:48

there are many companies which their

play26:50

logo identity is terrible but it doesn't

play26:52

seem to matter so I would hate for you

play26:54

to spend money building something in

play26:57

hopes of a achieving a certain result

play26:59

when that's not likely going to happen I

play27:02

care a lot about Identity Design

play27:04

packaging customer experience but then

play27:07

we have to say that that's what matters

play27:08

to us and not because we're trying to

play27:09

attract new customers because there's

play27:12

probably safer bets that'll get you a

play27:14

more likely outcome than it is to spend

play27:17

more money in doing brand Identity

play27:18

Design but there are two other things

play27:20

that you mentioned which is status

play27:23

there's a feeling here and you don't

play27:24

want to feel like a subpar brand you

play27:26

want to feel like a premium brand

play27:28

and the next is you're you're making new

play27:31

products and you need to launch things

play27:33

and maybe the old Identity Design is

play27:36

attached to certain feelings and

play27:38

associations that are no longer relevant

play27:40

to this company you've outgrown the old

play27:43

container and to get a fresh start you

play27:45

need to change identity if that's the

play27:47

case then a logo might serve that

play27:49

purpose really well it's giving yourself

play27:52

a makeover so you can start fresh often

play27:54

times when a company is inherited by the

play27:57

children of the founder they want to put

play27:59

their stamp they want to change things

play28:00

they're going new bold Direction they

play28:02

want to make it more modern and

play28:03

Innovative they want to switch verticals

play28:05

that's a good time to change the name

play28:07

and the logo is that the case here the

play28:09

more you explain it that is definitely

play28:11

the feeling that I have and the desire

play28:13

that I want and where we're at as a

play28:14

business so one is a feeling based and

play28:17

it's hard to quantify that but let's

play28:18

just put that aside for a second and the

play28:20

other one is because we need to

play28:21

reposition that's a marketing function

play28:23

and for sure you need a new identity to

play28:25

reflect that nothing gets depressed

play28:27

talking more than when you start to make

play28:29

some changes like the identity all of a

play28:32

sudden people notice right away because

play28:33

you've you've you've given it a facelift

play28:35

that's why people remodel restaurants

play28:37

and and create new identity systems is

play28:39

this an important thing for you do you

play28:41

feel like without this it's going to

play28:43

hold your company back I think it's

play28:45

necessary right now and I wouldn't want

play28:47

to put so much work around the launching

play28:50

of a product the bringing people in if

play28:53

the experience does not feel right for

play28:57

client and it doesn't not it doesn't

play28:59

represent us and the more you ask these

play29:01

questions it definitely is just a

play29:03

feeling like I want to be proud with how

play29:04

we're showing up in the marketplace and

play29:07

I want to use your language to make the

play29:09

experience premium and I think the

play29:11

identity and the logo is a big part of

play29:12

that I need you to know that premium

play29:15

logos and experiences don't come cheap

play29:18

that's why they're premium tell me more

play29:20

are you aware of that I am well not just

play29:22

the design the research the

play29:23

craftsmanship but also in the production

play29:26

of things the reason why app products

play29:27

feel that the way they feels because

play29:29

every component from the plastic wrapper

play29:31

to the packaging and the friction in the

play29:33

Box the paper the photography it's all

play29:36

money and these are all little tiny

play29:40

signals that are sent from product to

play29:42

customer that they might not be able to

play29:44

articulate but they feel so often times

play29:47

prospects will come to us and say we

play29:48

want to create a premium experience but

play29:49

they're not they're not really willing

play29:51

to back it up and so there's a

play29:53

misalignment there again you've seen

play29:54

this too overseas companies who do not

play29:57

off products or me too products will cut

play29:59

corners and you can feel the difference

play30:01

you can see the difference and you can

play30:02

taste the difference if it's a food

play30:04

product so you have to be 100% committed

play30:06

to this otherwise it's going to be

play30:08

lipstick on a pig as they say are you

play30:10

committed to it I'm committed to it I

play30:12

would like to know more of what that

play30:14

commitment looks like because from what

play30:15

I'm hearing from you this is not just a

play30:18

oneandone play this is something that

play30:20

will probably linger throughout many

play30:23

different Arenas of our entire business

play30:25

you mentioned photography you mentioned

play30:27

product you mentioned packaging so I

play30:29

would like to know what that commitment

play30:31

looks like and then it sounds like we

play30:33

need to have a deeper conversation on if

play30:35

this is the commitment what is the

play30:36

investment relative to that commitment

play30:37

but I am right now committed to this

play30:40

well you've mentioned the word

play30:41

experience several times and then we

play30:43

have to sit down and map out with you

play30:46

what all is is included in the

play30:48

experience of something and I don't know

play30:51

enough about your company to make any

play30:53

presumption but let's just leave it

play30:54

where we started which is you want

play30:57

someone to help you fashion a brand

play31:01

identity system that is reflective of

play31:03

the values that you want and you're

play31:04

willing to make at least conceptually a

play31:06

financial commitment a product design

play31:08

commitment an experience design

play31:10

commitment to see this all the way

play31:11

through because we're only a strongest

play31:13

or weakest chain that's where we'll

play31:15

break so having said that in what

play31:18

ballpark of money have you prepared in

play31:20

your mind to spend towards this endeavor

play31:22

you know with it being something that I

play31:26

didn't think it would come cheap

play31:27

relative to what I want to accomplish

play31:30

definitely mid five figures or something

play31:33

like this but again I don't know what I

play31:35

don't know so I am seeking you to kind

play31:37

of guide me in this Arena if I'm being

play31:39

transparent so you're prepared to spend

play31:41

somewhere in the $ 50 to $60,000 range

play31:43

is that right once that's accomplished

play31:46

what is the rest of the commitment that

play31:47

you have in terms of printing production

play31:50

photography do you have a sense of your

play31:52

overall budget for design be honest with

play31:54

you you've opened up my awareness to

play31:57

what's going to be needed after this

play31:59

initial deliverable that I was expecting

play32:01

from this call so I would probably need

play32:03

a little bit more guidance on that as to

play32:06

whether that's a communication with you

play32:07

to discover what that is or if I need to

play32:11

go back to the team and understand like

play32:13

okay we're going to need more money

play32:14

because of the roll out of this after

play32:17

the identity is so let's talk about this

play32:19

real quickly this is an aside to

play32:20

everyone who's paying attention right

play32:22

now to in order for us to expedite the

play32:24

conversation I'm going to skip over a

play32:26

few things when to make some assumptions

play32:27

that Mo and I have not talked about and

play32:29

I'm going to enter back into the scene

play32:31

as if the conversation already happened

play32:32

okay and if you're interested in hearing

play32:34

more about that let us know in the

play32:35

comments we'll take care of that so on a

play32:37

different episode we will go into detail

play32:39

this thing so that you can see it in

play32:41

this excruciating detail and we can do

play32:43

that now back to the episode all right

play32:45

Mo given our conversation about your

play32:47

needs and the skews that you have and

play32:49

the different customer touch points I'm

play32:51

going to do a ballpark estimation right

play32:53

now on top of the 50 or $60,000 you're

play32:56

going to need to spend on the Identity

play32:58

Design or what you're prepared to spend

play32:59

we're looking at another at least

play33:01

quarter million to $400,000 so somewhere

play33:03

between 250 to

play33:05

$400,000 is the commitment that you need

play33:08

to make on the other things first of all

play33:10

before we go too deep how does that sit

play33:12

with you way too much you're going to

play33:14

spend $60,000 on a logo and you're not

play33:16

prepared to spend in production for the

play33:19

all the other touch points that we we

play33:21

talked about the website the social

play33:23

media assets the packaging the printing

play33:25

I'm just getting you prepared for how

play33:27

much money you're going to spend if you

play33:29

want to create that experience like I

play33:31

said you've opened up my awareness to

play33:34

that being the need I didn't expect it

play33:36

to be in that high of a six figure Mark

play33:40

and I'm just saying one business owner

play33:41

to another if you're prepared to spend

play33:43

50 to $60,000 on an identity system this

play33:46

is very much on the low end of the

play33:48

spectrum here so there's probably some

play33:50

potential misalignment this why we have

play33:51

to have this conversation here because

play33:53

if you actually hire someone like us to

play33:55

design your identity system system but

play33:57

you cheap out or you cut corners on the

play33:59

production the printing your signage and

play34:02

all the kinds of things that you need to

play34:03

to make then I think you're wasting your

play34:06

time and your money and I don't want to

play34:07

do that to you how would you like to

play34:08

proceed honestly from what you just said

play34:11

I may have to let this marinate I'm

play34:13

completely misaligned with what I what I

play34:17

think it's going to cost versus what you

play34:20

just laid out let mean just quickly

play34:21

explain it to you so you can have the

play34:23

things to ruminate over okay if you were

play34:26

to use a new identity system with your

play34:28

with your existing website it will feel

play34:30

really weird because it'll feel like you

play34:32

took a cool logo and you paste it into

play34:33

your site and nothing will work and

play34:36

depending on the level of design service

play34:37

that you're going to use it could be

play34:39

anywhere between $40 to $80,000 just to

play34:41

do that alone so when I mentioned to you

play34:43

$250 to $400,000 you can start to see

play34:46

given all the different touch points

play34:48

that we talked about I see at least 10

play34:50

in front of me which the average spend

play34:53

if you were to spend on the highend

play34:54

would be $40,000 per touch point which

play34:57

is relatively low compared to the

play34:58

identity system that you're inquiring

play35:00

about right now and it would be very

play35:02

hard to produce anthemic videos media

play35:05

assets to be used for the next year for

play35:07

anything less than that so there's a

play35:09

disproportionate amount of money that

play35:10

you're spending on the logo which you're

play35:11

not willing to commit through on the

play35:13

other end talk about the printing budget

play35:15

and everything else that we're talking

play35:16

about there's no way you can do this in

play35:18

my experience does that help you get

play35:20

perspective on that that the cost per

play35:22

unit is relatively low compared to what

play35:23

you're prepared to pay for the logo and

play35:26

identity system yeah it does it does I

play35:29

wasn't I think at the at the core of all

play35:32

this I wasn't prepared to spend that

play35:33

much out the gate so it's good to know

play35:36

that that's kind of what's going to be

play35:38

expected and I definitely have to do

play35:41

some realigning with what I'm prepared

play35:44

to do let's take a pause here I want to

play35:45

explain something to our audience any

play35:47

company an entrepreneur who's prepared

play35:50

to spend 50

play35:51

$60,000 and creating a premium

play35:53

experience and rebranding has already

play35:55

committed way over over this amount of

play35:57

money this is where the role plays

play35:59

usually break because if you think about

play36:00

the amount of money they have to have

play36:02

and the investment they're willing to

play36:03

make they're not going to sit there and

play36:04

spend 50 60k on a logo and say let's do

play36:07

everything else for 5K each it just

play36:09

won't make sense at all right so this is

play36:11

why our audience is not able to connect

play36:14

like oh the role play didn't work it's

play36:16

it didn't work because Mo doesn't run a

play36:19

$300 million company and he would know

play36:21

that when we talk to customers who can

play36:23

pay this kind of money they'd spend

play36:25

$250,000 on one video alone one 30

play36:28

second video they'd spend $100,000 on

play36:30

making an explainer video for a

play36:32

conference they're going to use one time

play36:34

in fact back in the day when we used to

play36:36

work with gaming companies for their

play36:39

demos for E3 which is the big gaming

play36:42

conference they spend north of half a

play36:43

million dollars to do a product launch

play36:45

video that is like 30 seconds or a

play36:46

minute long that's the level which we're

play36:48

talking about right now so everything is

play36:50

relative right had you said um we have

play36:52

$10,000 for logo then I would have

play36:54

pulled the other numbers down cuz I'm

play36:56

just using relative scale here that's

play36:58

why this once in hour it's like it

play36:59

doesn't make sense to me well no one

play37:02

would spend 60k and then cut every other

play37:04

Corner that I know there was a little

play37:06

bit of intention from me on that and I

play37:09

know this but I want you to elaborate

play37:11

what you're doing I heard a few things

play37:12

that you did but I want you to break

play37:14

down that scenario I'm going to consider

play37:15

that that role play ended with me

play37:18

backing out maybe calling you again

play37:20

because you consulted me to really think

play37:22

about what I'm spending my money on

play37:24

right and wasn't fully in alignment with

play37:26

my thinking well maybe I shouldn't spend

play37:28

that much on a logo because I don't have

play37:29

that much for everything on the back end

play37:31

but here's some things that I heard from

play37:32

you you did a lot of unsell yourself so

play37:35

making me want to say no to you and not

play37:39

Choose You clarifying my need

play37:41

challenging my thinking and then logic

play37:43

testing and I think a big part of how we

play37:46

got to the conclusion of like dude

play37:47

you're going to spend 60 but you're not

play37:48

going to spend 250 on all the other

play37:50

collateral that you're going to have to

play37:51

make that's a big test of my logic but I

play37:53

want you to kind of cuz you're masterful

play37:55

at this break down what what you did

play37:57

because I don't want the end conclusion

play37:59

to be like well Chris has 30 years of

play38:00

experience that's why he did it so well

play38:01

so can you just break down what you did

play38:03

with with me in that role play yeah I'll

play38:05

tell you the simple way to do it and

play38:07

then I'll expand on it if you wish I do

play38:09

wish what I'm trying to do is what

play38:11

therapists do the therapists is almost

play38:13

solely reliant on the person in front of

play38:14

them to tell them the truth and the

play38:16

truth is is a funny word to use because

play38:18

true to them true to life true to

play38:20

reality it can all be true and also be

play38:23

all untrue so whenever they hear

play38:24

something and their Spider Sense goes

play38:26

off they have to say where have you seen

play38:28

this to be true what evidence do you

play38:30

have that supports your observation

play38:32

that's all we're trying to do so when

play38:34

the client says yeah all valuable

play38:36

companies have a really amazing Identity

play38:38

Design system I say well really actually

play38:41

I think my instincts tell me the

play38:42

opposite but I don't say that up front I

play38:44

just say what evidence do you have to be

play38:46

true and I don't want to use those words

play38:48

because it seems very challenging for me

play38:49

to ask it that way so then I say well

play38:52

based on your experiences with brands

play38:54

that are valuable how many can you think

play38:56

of of that have a great Identity Design

play38:58

system versus how many that don't I

play39:00

already know this because the world is

play39:02

ugly it's run by people who have no

play39:04

taste who hire people have no taste to

play39:06

make things that are taste less it's

play39:07

very rare that's why when the client or

play39:10

the prospect pointed out apple apple is

play39:12

the easy reference as to the gold

play39:14

standard if you look at the gold

play39:15

standard it falls off really quickly

play39:17

there are tons of companies out there

play39:19

that have great products that have great

play39:21

customer relationships that are worth

play39:23

billions of dollars who have a really

play39:26

poor Identity Design system true so I

play39:28

already know that I kind of have a lot

play39:30

more evidence at least I've been able to

play39:33

observe that supports the opposit so

play39:35

when I hear something that's untrue or

play39:37

illogical or irrational I I just have to

play39:40

ask is this because you are someone that

play39:43

does their due diligence assessing these

play39:45

things so you can be like okay that

play39:47

sounds illogical or am I jaded to assume

play39:49

that I don't feel like everybody can

play39:51

come to that conclusion so quickly where

play39:54

you're testing that person's logic I

play39:56

give you the life

play39:57

hack assume everything that's said and

play39:59

presented to you is untrue okay and I'll

play40:03

tell you why not to be a jerk but that's

play40:04

what it means to be a critical thinker

play40:06

to be critical of your thoughts what I

play40:08

assume because when I I've worked with

play40:10

enough clients now my assumption is

play40:13

clients are busy they don't spend their

play40:15

time thinking about the things that I

play40:16

care a lot about and so they haven't

play40:18

formulated all their thoughts and

play40:19

theories on what they need to do on a

play40:21

visual or design basis they ask for

play40:23

solutions they don't even know are

play40:24

connected to Real Results and they don't

play40:26

use precise enough language and so

play40:28

that's a lot of reasons why I suspect

play40:30

nothing that they say is true not that

play40:33

they're ill intention not that they're

play40:34

trying to lie to me but they just

play40:36

haven't had time to think about it my

play40:39

job my role is to help them think about

play40:41

it as an advocate for their business and

play40:43

their goals not as an advocate for

play40:44

kristo and I think what you're seeing

play40:46

here is a level of business maturity yes

play40:50

a level of self-confidence and

play40:51

self-awareness amount of stoicism and

play40:54

living by the value of do what's right

play40:56

for the the client and you may lose the

play40:58

business today but you'll win the game

play40:59

tomorrow so let's break this thing down

play41:01

let's take it to somewhere real personal

play41:03

between you and me we got off a two-hour

play41:06

call with the entire content team and

play41:09

each and every single person presupposes

play41:11

they have the right solution and the

play41:13

whole time in which I'm talking I think

play41:14

they're just mostly just waiting so they

play41:16

can present their idea versus like what

play41:18

is Chris really saying what is it that

play41:20

he wants and how do we check in with him

play41:23

to make sure this is true and he's

play41:25

thought this through now I'm unlike most

play41:27

people in that I actually do think

play41:29

through what I'm about to say and I try

play41:32

my best to use precise language but this

play41:34

is not an indictment on you and anybody

play41:36

else that was on that call but everybody

play41:37

I think is just really waiting to say

play41:39

something not really listening at all

play41:42

and using their own

play41:44

unverified observations and opinions to

play41:47

counter my own opinions you're going to

play41:49

lose that war every single time but what

play41:51

you're also going to do is you're going

play41:51

to increase the friction that you have

play41:53

with your clients so that's just a

play41:54

business lesson everybody I don't go in

play41:57

there saying uh you should do it this

play41:58

way because I believe this to be true

play41:59

and you don't know what you're talking

play42:00

about and you know well my observation

play42:02

says the opposite and that's

play42:04

unfortunately just a sign of business

play42:07

immaturity now it's going to sound like

play42:08

wait a minute didn't you say you go and

play42:10

assume that people don't know what

play42:12

they're talking about and they're lying

play42:13

to me and it's un yes I do but I'm

play42:16

interested from their point of view what

play42:19

their observations are and I would like

play42:20

for them to share that data with me

play42:22

versus me coming in saying well I went

play42:25

through the site and been watching these

play42:26

shows on the internet and this is what's

play42:29

that's me entering new evidence into the

play42:31

case I don't want to do that so if they

play42:33

say something that's true then I'm more

play42:36

convicted and confident that this is the

play42:38

right solution this is an extremely high

play42:40

level intellectual conversation I think

play42:42

is about to

play42:44

like over people's heads I mean I I've

play42:47

had I've done this multiple times now

play42:49

and it's still it it every time it blows

play42:52

my mind because it just makes me realize

play42:55

how jaded we go into these conversations

play42:57

How We Do lead with a tremendous amount

play42:59

of assumptions How We Do lead with

play43:01

tremendous amount of hunger and ego and

play43:04

wanting to earn the business quickly

play43:06

from a place of selfishness and the

play43:08

whole time and I think this is why

play43:10

people love role plays between you and I

play43:12

not to digress and we always see the

play43:14

comments like Mo if I was in your seat

play43:15

it would be so much easier I would I

play43:17

would haggle him and all this kind of

play43:19

and I'm sitting here like he never

play43:21

once made me feel like I need to haggle

play43:24

him if anything he made me genuinely

play43:26

reflect internally and be like damn I

play43:29

may not be thinking about this the right

play43:31

way my logic may not be clear so for me

play43:34

to quote unquote submit as some of the

play43:36

trolls say it's like no you were too

play43:38

easy on him it's like no it's just so

play43:40

calm and so mirror esque that it's like

play43:44

oh that sounds very reasonable well I

play43:47

think you've already highlighted most of

play43:49

the problems one is maturity maturity

play43:53

comes in self-confidence ego assumptions

play43:57

arrogance I would use the word arrogant

play43:59

because I think what people assume to be

play44:01

arrogant is not what they do it's like

play44:03

no that's what other people do but if I

play44:06

come in ready to prescribe solutions to

play44:08

you presuming I know a lot about your

play44:10

business and what your wants and needs

play44:11

are and that everything I say is true

play44:13

that's that's a pretty arrogant position

play44:15

and I ask certain questions thinking I

play44:17

think I know the answer but I leave room

play44:19

for them to say something different

play44:20

right and if they say something

play44:22

different I'm like oh okay you're right

play44:25

and if you frame as an open-ended

play44:26

question they won't feel like you're

play44:28

leading them so you have no pie on face

play44:30

and if I say isn't it true you were

play44:32

there on the night of the fifth with the

play44:34

the murder weapon and then they're like

play44:36

no I wasn't I was with my mom like well

play44:38

you know Poo's on my face isn't it so

play44:40

but if I'm like so where were you on the

play44:42

night of the 5th did can anybody

play44:44

corroborate your whereabouts how do you

play44:45

know how do you remember that time so

play44:47

well that seems pretty reasonable I'll

play44:48

move on to the next question if you go

play44:50

in there feeling needy like you have a

play44:54

lack mindset it's going to skew your

play44:56

questions it's going to change your tone

play44:57

of voice and you're going to sit there

play44:59

and think what can I do to get Mo to

play45:01

sign on the dott of yes so true and oh I

play45:04

Don't Care What mo asked for I want to

play45:06

sell sell sell well it seems like Mo

play45:08

wasn't comfortable with 50 I'll drop it

play45:10

to 25 right now this creates all kinds

play45:12

of strange signals to your prospect it's

play45:14

like wait a minute is this all a game

play45:16

for you this is my business you just

play45:18

change prices and scope on the Fly and

play45:21

one thing that we didn't talk about MO

play45:23

is what I'm doing I'm not really trying

play45:25

to unell you I'm just trying to be your

play45:28

Advocate that's how I felt though and if

play45:30

we were

play45:31

strangers and I could get you to tell me

play45:33

on camera afterwards I suspect and you

play45:36

can tell me otherwise there's a little

play45:38

feeling of warmth like like God because

play45:42

we just want to make sure that people

play45:43

care about us before we do business with

play45:45

them and moad asked me this question a

play45:47

long time ago bringing it up from the

play45:48

archives here and he's asked me before

play45:51

Chris how do you show people you care

play45:52

how do you do that and I turned to Mo I

play45:54

said Mo here's a dirty Secret because I

play45:56

genuinely

play45:58

care it's that simple I don't need to

play46:01

sell you today in fact I prefer not to

play46:03

sell you I got enough on my plate now

play46:04

here's something really interesting I

play46:06

saw this video and hopefully you can

play46:07

find it for the cut later there's a guy

play46:10

I don't know who he is I I feel like

play46:12

he's Jake the Jeweler Jeweler and he's

play46:15

giving away an ounce of gold I've seen

play46:17

this video yes okay it's like these

play46:19

little tags that he gives out to people

play46:21

and people are super suspicious of other

play46:23

people it's like let me see how much

play46:24

gold I can give away today so he's like

play46:26

hey do you want a gold do you want gold

play46:28

they're no no no because they think

play46:30

there's always strings attached and when

play46:32

people like no I don't want it he goes

play46:33

that's totally fine and he says to

play46:35

camera something like I think this is

play46:38

one of those things where no is more

play46:39

valuable to me when they say no so I

play46:41

have no problem with

play46:43

rejection when you have something truly

play46:45

of value like you're literally handing

play46:47

out gold on the street and people don't

play46:49

want it you don't feel rejected you feel

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relieved but I don't think we internally

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believe that what we're doing is

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valuable cuz there's so much insecurity

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about what we're doing we don't value it

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ourselves so it's like when when clients

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have a just one pause one moment of

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hesitation you crumble and when they say

play47:08

I don't want that you feel rejected you

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feel depressed you feel like you and and

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and all the people who have questioned

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you are are are are are correct in their

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assumption that you're not going to

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amount to much it eats at your

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soul I don't look at it like that I look

play47:23

at it like you

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know this this isn't a good fit for me

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on on multiple planes is not good for me

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so let's move on until we find the right

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person who wants what I've got and my

play47:37

solution actually solves the real

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problem for them you hear me say this a

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lot Mo in our private dialogue you'll

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hear me do it in role plays

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unfortunately you weren't there when I

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was running my service company but you

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would have heard it there too it's like

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yeah I'm not sure you need to do this

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I'm not sure this is in your best

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interest and and every time I say that

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they're like wait wait wait wait wait

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wait wait you don't tell me what to do I

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will buy this from you I'm like okay

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you're not even doing it as like a cat

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Mouse game either cuz there's people

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that do do that where it's like I'm

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gonna keep pushing you are genuinely

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saying I don't think you need this from

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me right now I don't think you need this

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at all matter of fact not just right now

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this is not a good use of your time

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money or effort and it's a weird dance

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that people just follow whether

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relationships sales it's like I want

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what I now think I can't have when you

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are running around desperate in need of

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a girlfriend in need of a client in need

play48:34

of a boyfriend you're super needing is

play48:36

very repelling whereas if you're stable

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with your business with your life and

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you've got things going on you have

play48:40

other clients that you're working with

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you won't feel like you have to sell and

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you'll conduct yourself very

play48:45

differently you have that inner core

play48:48

strength and stability that then people

play48:50

will find very attractive so that's

play48:52

something else that they're challenged

play48:53

with right because they're in a place

play48:55

where financially they need work I kid

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you not on the daily I got people

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sending me messages in my DMs saying bro

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I'm totally broke you got to help me

play49:05

brother you I I just need one thing from

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you it's like I just want to delete

play49:08

those messages yeah yeah first of all I

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don't know you and why you coming at me

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all desperate like that it's not a good

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look this would mean the world to me bro

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you need to do this I'm like I don't

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need to do jack for you right now I

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don't even know

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you I don't know you why would I this is

play49:25

make sense to me very true what I always

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find fascinating in our discussion is

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the following we come in asking you for

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the tactics and you give some of the

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tactics the house the scripts the the

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prep work all of that but nine times out

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of 10 when we're talking about pricing

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and negotiation it always falls back on

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the personal development side and I know

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I just know that when you said high

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level it's because we went there and

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there's people in the chat like dude

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dude give me this script Playbook so I

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can value base price accordingly but I

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really do believe this is always the

play50:03

disconnect and the hurdle that people

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need to go over because you're talking

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about and me and you have done this many

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of times even on a personal one-on-one

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level you talk about people not being in

play50:15

a state where they can be abundant where

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maybe income is not that well and that's

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a very difficult place to be in and

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sometimes you have to psych yourself out

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because I know when you weren't making

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in the bread that you're making now you

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were still that guy maybe not as mature

play50:29

and Suave M like you are right now but

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you still had that level of selfworth

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the beginning side of this conversation

play50:36

was here's the Playbook on how to

play50:38

diagnose via dialogue to then get to a

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place of value based pricing you need to

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be removed from being the vendor if you

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just need to be a consultant and adviser

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and make people feel warm but I need to

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know if you can sum it up in the way

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that you speak so eloquently what does

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someone need to do right now that has

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been with us for the hour hourong

play50:56

conversation to get to the mental space

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to arrive in the conversation the way

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you just described I do want to clarify

play51:02

once again something you said you you

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diagnosed the dialogue those were my

play51:07

words right you want to diagnose in the

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dialogue but I'm not trying to get to

play51:12

the value based pricing it's a naturally

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occurring thing but not always because

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most times when people present these

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scenarios to me it ends there but it

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doesn't need to be there it could be

play51:23

like well seems like what you need is

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for for you to book an hourly session

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with me and it's $5,000 an hour and you

play51:29

say okay great let's do that it's just

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not that often that people are coming to

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me and asking me for a high Lev coaching

play51:35

oneon-one situation so I I am not

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selling that service so I'm looking for

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the problem and finding the appropriate

play51:41

solution for it sometimes it's me

play51:42

sometimes not me and I'm looking for the

play51:44

appropriate pricing model yes so in some

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scenarios I'll do a hybrid one I said

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why don't we do a fixed fee for the

play51:52

finite scope and a variable fee for the

play51:56

undefined scope so we can get started

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with something that puts everyone at

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ease versus like well I don't want to

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spend two and a half months scoping the

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project with you only to find out it's

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not going to work so in architecture

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it's called sometimes design build which

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is we design the parts that we

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understand we bid for that and we build

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those parts and while we're doing that

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we're processing permits for the rest

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and we just do it together requires a

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lot of trust but at least we get going

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we can get you in the building faster

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and we can respond to the conditions yes

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and I'll tell you why this works because

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when you're doing a remodel there are

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things within the walls and the floors

play52:30

that you just don't know what you're

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going to encounter they design something

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based on assumptions but when they rip

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things out you're going to encounter new

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problems the Plumbing's all messed up

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we're going to move this kitchen over

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here we're going to move things so that

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it's more economical for you and it

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won't really impact the design or the

play52:44

usage that's a new model that's a

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different model let me now break it down

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for people step by step let's just say

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you just jump to this time stamp right

play52:52

here and you want to be more confident

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in be able to talk to a client you want

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to you have the desire to be more

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business oriented and Diagnostic in your

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approach if you don't want to do that

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and you want some cookie cutter formula

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find it from someone else because it

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probably won't work what's that we ain't

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the ones or maybe we are and then you'll

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find you'll figure it out somehow but I

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don't I'm only going to tell you what I

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have done and what has worked for me so

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first of all you got to just check in

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with yourself if you're acting desperate

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it'll change your entire approach so

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before you even have any kind of this

play53:26

dialogue make sure your business is in a

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place where it's at an equilibrium that

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you're not burning so much money that

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you're desperate to take on anything

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that walks in the door that puts you at

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a lower footing in the negotiation

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process and it it just changes and it it

play53:41

skews the perspective of your mind so

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get right with your finances go in there

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with an open heart do a little bit of

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research so you understand some

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fundamentals about your client's

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business and then ask a couple of

play53:53

questions and it will sound something

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like this what is the goal you're trying

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to achieve what is motivating this right

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now what have you tried in the past has

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prevented you from achieving this what

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metrics will you use to measure

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success what problem does this solve for

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you and the impact it will it make on

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your company that's

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quantifiable what

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percentage of value created are you

play54:16

willing to invest to see this through

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what does doing

play54:21

nothing impact your business good or bad

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if none of these Solutions are

play54:26

appropriate for solving this are you

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prepared to look elsewhere or to do

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nothing it's something like that

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well those are the questions but if you

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don't understand the philosophy behind

play54:36

the questions what they say you'll be

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like a robot you'll you'll like write

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down the answer but you won't know what

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to ask them next it won't

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flow cuz you truly don't understand it

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it's to understand vocabulary words but

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not to how how to structure a proper

play54:53

sentence you could understand the words

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but you won't be able to use them and

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that's the problem and is the underlying

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philosophy to enter and exit from a

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place of being an adviser the philosophy

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can be simpler than that the philosophy

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could be you exist to serve the client

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to help them gain Clarity on what it is

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they're trying to do and to use your

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experience or lack of to help them to

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identify the highest potential of

play55:18

success in terms of the path forward

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whether that includes you or not help

play55:23

them get clarity

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that's the main thing and don't be

play55:29

afraid to speak truth to power and do it

play55:31

in a kind respectful way without biases

play55:34

and assumptions and you'll do well

play55:37

that's the

play55:47

philosophy

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