How To Charge For Design & Creative Work (Full Sales Masterclass & Roleplay)
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
- π Understand the importance of pricing strategies and their impact on business growth.
- π€ Be open to learning and applying pricing strategies in the real world.
- π Recognize the three scopes of pricing: time-based, project-based, and value-based pricing.
- π Embrace value-based pricing to focus on the value provided rather than just the time spent.
- π‘ Know when to pivot from one pricing model to another based on the problem at hand.
- π Ask the right questions to diagnose a client's needs and goals.
- π Conduct thorough research on the client's business before engaging in dialogue.
- π€ Approach client interactions with the intention to serve and provide clarity, not just to sell.
- π° Understand that premium experiences and branding require significant investment across all touchpoints.
- π Be prepared to adjust your pricing based on the client's willingness to invest in their business.
- π§ 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
π₯ 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.
π 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.
π€ 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.
π 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.
π¬ 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.
π 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.
π 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.
πΈ 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.
π€ 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.
π 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
π‘Pricing Strategies
π‘Value-Based Pricing
π‘Mind Space
π‘Subscription
π‘Creatives
π‘Scope of Work
π‘Business Dialogue
π‘Earning Potential
π‘Pivot
π‘Outcome
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
hey what's up beautiful people it's me
Chris doe here on the channel and guess
what surprise surprise we have another
video about pricing and pricing
strategies cuz my friend MO says we
haven't done this enough kill me now
already but here's the thing I promise
you if you watch some of our other
videos about pricing strategies and
you're still left confused well guess
what we're going to go deeper we're
going to go high we're going to go low
we're going to do role plays and I'm
going to give you some clear actionable
steps and none of this will work if
you're not in the right mind space but
the first thing you do is open yourself
up to learning this and then thinking
through it to see how you would apply
this in the real world I know all of you
who are watching this are a little
suspicious as to why I'm making content
for free and laying all my cards on the
table unlike so many creators that you
see out there who are keeping the good
stuff behind a gated pay wall I want to
ask you for something my team has told
me that less than 50% of the people who
watch these videos actually subscribe to
the channel and it's one metric that we
care about and it's a measurement of
value to you so do me a favor go ahead
and hit subscribe right now and then
enjoy the rest of the video I want to
get right into it um I'm going to give a
brief summary of some of the things that
I've personally learned from you and
what I've seen you teach so people have
context to exactly what we're talking
about many creatives when they get into
the business there's usually three
scopes of pricing and you guys can go to
this video that he breaks down each
pricing type but there's time based
pricing which is basically charging for
your time Project based pricing where
you're mapping out how much a project is
going to cost for you internally and
then giving the client a rate that has
some buffer for you to make a profit and
then there's value based pricing which
is pricing based on the value that you
are creating for the client or
respective Prospect Chris you've been a
huge advocate of value based pricing
over hourly raids I want to understand
why you say or why you advocate for
creatives to transition to Value based
pricing there's a specific line that you
said and I'm literally quoting you from
a video you said you have to to shift
your focus from the time spent to the
value provided how has this approach
impacted your business and why are you
such an advocate for it I'm an advocate
for using the right pricing methodology
for the for the task and so if we were
like I only have one Ty phase I would
use one Tye phase for the rest of my
life and then you're limiting yourself
to whatever else you need to express and
this is just a challenge of expression
there is a time and place to charge
hourly there's nothing wrong with
charging hourly except for when you when
that's the only tool that you have for
all itions I'll tell you when that makes
sense when you have fixed scope with
variable scope and you don't and you
can't for whatever reasons you can't
determine what the variable scope is
going to be so you can come up with a
fixed fee and what when we describe
Project based fees it's not figuring out
what your costs are and then doing a
markup a fixed fee bid or Project based
thing is basically I'm going to
guesstimate my cost my profit and some
value to the client but basically I
promise to deliver a product project
under this budget or on this budget and
it can have a relationship with a time
spent or it can have no relationship
whatsoever but it's basically saying I
guarantee this deliverable based on this
price unless you change scope and
there's a time to use that as well and
so in my career and I still do to this
day I consistently still use all three
pricing models so I just want to put
that out there in case people are like
well easy for you to say or it doesn't
work for all things no one solution
works for all people at all time so it's
good for us to know when it's
advantageous for both us and the client
to change the model based on the problem
at hand value based pricing is the most
difficult one to understand and to
implement and there's a reason why is
because you have to have a business
dialogue with your customer each
customer is different they value things
differently it's also coincidentally
ironically the most fair pricing model
because it could mean that you're going
to price something a lot more and
something a lot less because the
pendulum swings both ways so we need to
understand that right when you
understand that then then you can say
like well designers creative people who
create transformative experiences for
people who can actually increase the
value of a product because it's designed
well the packaging of it looks good it
connects with its core audience then
that is a value that you're creating
beyond the materials and the timing
which you put into it and so in this way
if we're going to use an hourly based
pricing model when we know what the
scope is going to be we're going to
limit our earning potential and we're
not capturing some Fair percentage of
value created and that's what we need to
focus on you mentioned something in the
middle of that where depending on the
problem that you're solving you have to
decide if you need to Pivot the current
pricing model that you're using what are
some of the indicators that you look for
for deciding what pricing model to
choose if if I'm if I'm like a designer
that's trying to figure this out like
what should I pitch or what should I
discuss with this person what are you
looking for there to be able to make
those decisions you can ask yourself a
couple different things what are you
really selling what units will we use to
measure Effectiveness are we saying
we're selling time and some things make
sense to sell in units of time are we
selling in units of product when we do
Project based pricing that's what we're
talking about are we going to sell units
of value what is a value to the person
and depending on the scenario the
situation of what you're trying to do
the answer is going to be very different
most people that we know in the creative
space default to selling units of time
when time is not a good measurement and
I'll give you some several examples
let's let's ask our audience this
question Mo in what situation where you
desire a solution where taking longer is
worth more to you because that then it
would make a lot of sense to sell units
of time in what situation is it worth
more to you for something to take longer
when you desire a solution I can't think
of too many so for example I'm at at the
airport I'm waiting for my ride ride
share Uber lift something like that a
Yellow Cab do I feel like I should pay
more for waiting or pay less for waiting
and if you're like most rational people
and and it's evidenced by the app itself
the ones that pick you up faster that
get you there in luxury and style will
cost more and so if you say okay well I
want to order something I bought a new
pair of sneakers I wanted them to get
here will I pay more or less for it
arrive here
sooner will I pay more or less to jump
the line at Disneyland will I pay more
or less to jump the line at a hotel or a
restaurant so in those instances if you
sell units of time then you're going
backwards it doesn't make
sense I'm actually having a hard time
when I desire a solution where I want it
to take longer and I'm saying this very
earnestly like Mo can you think of a
time when you want a solution and you
want it to take longer not off the top
of my head right now because if I'm
somebody who's looking for a solution
that means I'm in a state of pain and I
want it resolved and the more time I
spend in the pain the more suffering I
experience so I rather have it done
faster yes there is one instance I can
think of for a couple say quality time
you want to spend time with your boy
that's a solution or an outcome you
desire and you would rather spend higher
quality time and more of it with your
with your child that's just the way it's
going to work so there's certain things
where it's not the outcome it's the
journey that matters and for the things
that the Journey matters we would prefer
to take longer here's the example I want
to get on Disney's latest theme park
attraction ride I want that that result
I don't want that ride to last 10
seconds I want it to last three minutes
or 30 minutes or however long you want
it to ride and so there are things that
we enjoy the process of doing more than
the outcome so are you saying that if
you are selling an experience and that
experience has a positive quality to it
in the experiencing of it that's when
you should think about okay time is your
friend here but when we're talking about
it in a business sense as you've
mentioned if you're solving a problem
depending on what it is that you're
selling it's probably in your best
interest to eliminate time as the metric
of how you're pricing your situation yes
I would even put in the word business
because there's a lot of things that are
not business related when the outcome is
important for us that we want to pay
more for a faster result I'll give you
an example if your plumbing explodes or
you're without hot water you want
someone to come out that's not a
business that's just a personal human
thing I'm in a state of discomfort I
would like to have a remedy for this and
if you can get here sooner I pay you
more so here's the problem though
logically we've had this conversation
many times on this channel people can
understand this now here's what they
think there's a false equivalency to
more time equals higher quality and so
now what we're saying is we're selling
quality not outcome but quality is
really debatable and it's highly
subjective and we also know it's not
100%
true because if an artist takes longer
to render a painting does it make that
painting more valuable than something
that takes less time of lower quality if
that's the argument and let's look at it
you've probably undoubtedly seen a bunch
of Renaissance paintings beautiful oil
paintings that are
rendered looks like it's done by a
master trades person an artist if you
will are those paintings more valuable
than a Picasso painting which seems like
it doesn't take a whole lot of time to
draw or to paint is it worth more than a
Jackson Pollock painting in the free
market now I'm no art historian but when
we start to look at postmodernism
abstract expressionism we're going to
find that the those tend to actually get
more money in the open market than these
Renaissance style paintings unless it's
from someone of note but even so I think
the things that break records are the
things that aren't measured by units of
time or quote unquote quality but based
on other factors like Aesthetics or
notoriety or specific technique or
newness novelty they think that just
because they're spending more time on it
that naturally that's going to make it
of higher quality and then they're
basing the high quality as the only unit
of value for the other person it seems
to be that that's the case and that's
the argument that people will make it's
it's not a strong argument but that's
the argument they make so what should a
creat native who is currently pricing
their work actually be looking at to
measure the value of what they do
relative to the person that they're
serving okay and and here's the answer
it's going to seem strangely like
hypocritical you should be selling time
you're wait wait wait what what did I
just miss something yeah you should be
selling time you've been measuring time
in the wrong way you're measuring time
in which you work on it not time for the
client so the person who buys
a service or a product they have some
abstract value of time so let's take it
to the real world again so here I am I'm
about to have a dinner party and have a
bunch of guests coming over and for
whatever reason the oven or the stove
isn't working and I need an electrician
to come out and fix the problem for me
right away given the added urgency the
importance of Who's Coming to Dinner the
social standing I have within my family
or with my guess all of a sudden my time
becomes really important now and I'm
starting to stress out now if I happen
to be a well-to-do person well-off
person then the electrician who can come
here and do the job is going to get a
better tip and I'm willing to pay more
double triple their normal rates that's
the time that matters let me give you a
different example let's say I want to
launch a product and I need an Ecom site
built I know that for every day it
doesn't launch it costs me in terms of
loss opportunity if every day from now
to like say Black Friday or Christmas or
New Year something like that I'm losing
real opportunity to make money so if
you're web developer a designer and you
can deliver a high quality product that
serves my needs but can do it in less
time it's worth more to me and if you
say I'm going to deliver the exact same
site same level quality and conversion
but it's going to take me six months
that's worth less to me so what you're
doing is you're selling people's time
back to themselves the more valuable the
person is the more they'll pay you to
buy back their time because they also
know that time is a non-renewable
perishable
resource you can make more money but you
can't make more time and then in this
case time is money I want to encourage
anyone who's listening whether you're
cleaning around the house right now and
you're listening to this this discussion
for yourself and you're not taking notes
I would rewind the section that was just
said because I'm going to dive in with
Chris on this you said The more valuable
the person is the more money that you or
creative should charge them because
you're buying back their time in the
example that you gave no let's let's
clear that up clear it up the way that
we say this is very important okay the
more valuable or the the higher the net
worth of the individual that's sitting
across the table from you the more their
time is worth to them yes so you're not
buying you're selling their time back to
them so something's going to take a 100
days or 100 hours and if you can do it
in half the time it's worth twice as
much to them so the condition is the
person must value their time and what
you do must solve their problem and if
you can do it faster you're more likely
to get the gig but you should be able to
charge more that's why they've invented
Rush fees or you pay more money for an
expediter now I don't know about you but
I've had the opportunity to be able to
buy real estate and develop property and
when you are trying to get your plans
approved by the city it could take a
really long time so the the contractor
can't start work because we don't have
approved plans and if you build without
approved plans they'll make you come in
and they'll tear it down and they'll
give you a fine and you have to do it
again so now you're losing time you're
losing money and you've wasted resources
because they're not going to give you uh
they're not going to reimburse you for
the materials you've already use that
you have to pull out again so there is
literally
someone that is an in between between
you and the city that expedites the plan
to get it approved they literally walk
your plans over to the city planner and
say I I need a favor Jimmy or Mary I
need you to get this thing signed off
can you review this on a Tuesday and
they get your plans approved faster for
which you pay them some amount of money
so you can get going on
construction that's how time really
works correct me if I'm wrong and here's
what I'm hearing is that the person that
you are engaging with and I'm talking to
the creators that are listening you have
to understand number one who they are
right you have to understand their
business AKA you're s cing out how
valuable their time is to them and then
you have to really assess what's the
risk of them not doing what they need I
guess for a lack of a better term fast
so as a creative I think you've had
enough reps in the game to where you can
have a conversation and sus this out
very quickly but how do I approach a
prospect to really understand who they
are understand their business understand
the associated risk so I can then come
to the conclusion that oh this is what
they need and this is how I should price
it in this way Mo ask a question how do
you approach understanding a client's
business who they are and the risks that
are involved so you know how to price
accordingly right ask a question oh that
is wait that is I was playing around
with you that's the answer so what we
want to do is we want to the the answer
is the question you just need to know
how to ask the question and so you've
seen many videos on this where I ask
people questions and like oh it seems so
easy when you do it because my intention
is to find out what the real answer is
so if you come to me with a problem I
just want to know what the problem is so
I'm like what's the problem what's the
goal what are you trying to do why
haven't you been able to get this before
so you can follow a very simple
framework let me try to make this super
easy for everybody you need to know what
the outcome is that they want it's not
what they want you to make but what's
the ultimate goal what's driving this
request so if somebody wants a website
it's not because they want a website so
if you're bidding on a website you've
missed the point the website is to do
something that's to communicate
something it's to sell an idea sell a
product it's to create awareness around
something so you need to figure out what
the objective is the website is just one
vehicle to deliver the potential result
there which we don't always know what
the best vehicle is until we have a
question so now you know what the goal
or the outcome is then you have to ask
well there must be something that's
getting in the way of this there's a
challenge involved here you don't know
who to talk to you failed in the past
maybe the copywriting is wrong or maybe
the whole strategy is wrong we got to
figure that from them so what we do is
we just ask more questions so in the
past have you tried to do this no we
have not yes we have and it didn't work
Why didn't it work tell me more about
that well we went in with the wrong
assumptions about who our customers are
we overpriced the market we underpriced
the market or we entered in a time in
which there was some kind of controversy
around this product but now there isn't
anymore we need to know we need to be a
detective we have to ask questions we
have to be Diagnostic in our dialogue so
now we know what the goal is we know
what the challenges
are then we have to ask other questions
what impact will it have on your
business if this problem were solved
they get to tell us at this point and
now you can see we're getting a lot of
really useful information we're surfing
we're surfacing the deeper issues and
now we can get to a real point of
understanding their business goals and
their needs and their challenges and
what the potential solutions could look
like and then we owe it to ourselves and
to the client to say based on what I
just learned there are two or three
things that come to my mind that could
possibly solve this each has a set of
pros and cons let's discuss is that
interesting to you they you say yes you
go through a b and c and you ask them of
these three options which seems most
appealing to you or some other option
we've not talked about they say option b
option b sounds like low risk or you
know what we have more money than we
have time I like option C let's spend
the most amount of money because I just
need to get this thing done are you the
person who can deliver that so you just
do this in the form of dialogue by
asking smart questions listening and
following up with people I'm G to push
back and you know me and you have done
this dance countless times for the
length that we've known each other but
before I push back on this on behalf of
the audience you know I love a good
acronym and you'll be dropping gems so I
just want I'm gonna I'm gonna turn this
question formula into a quick acronym
for the guest okay and the acronym is
ice cuz Chris is always fresh to death
and he keeps it icy so when you go into
these sales you got to think of yourself
like how swole is your wrist how icy is
it number one and not in any order but
just to remember the acronym impact
what's the impact that what you're going
to do is going to have on this person's
business is challenge what's the
challenge that they're facing right now
that's getting in the way of the E which
is end goal what result do they want to
have happen What goal do they want to
reach so if you're ever stuck and you're
like I don't know what questions to ask
I don't know how to run this just try
your best to remember the acronym ice
I'm sure by the end of this video Chris
is going to reward it re remaster it
that's what we do when me and him are in
the studio which is completely fine so
let's let me table that I've been I've
been in many workshops with you I've
been on many coaching calls with you and
I'm a student of yours and here's where
old me kind of flares up when you say
well go in like you don't know anything
right just be curious ask a bunch of
questions I think you're great at that I
think that could be very nerve-wracking
for people especially creatives that
maybe are early on or maybe haven't had
a lot of exposure to sales calls do you
recommend and if yes any type of prep
work that the person should be doing
before they get into this call so they
can ask these questions effectively
because there's knowing what questions
to ask but then asking them effectively
for the other person to give you what
you need so what are your thoughts on
that just for the record if you play
back the tape I never said go into it
with no information you just made that
part up so I just want to be clear here
so let's look at this as a graduated
scale so if you're new in your journey
you need to do a lot of research you
need to do a lot of preparation if
you're more senior in your journey
you'll notice that you do less research
and there's a reason why you want to do
it this way so let's assume everybody
who's watching this video is fairly new
in their journey in terms of
understanding how to be Diagnostic in
their dialogue so you need to do some
background information you just need to
look them up figure out what their
business is about see if you you
understand it read the literature that
could be on their website look at their
social channels so that you're getting a
sense of their business you can even go
into things like what is it glass door
and and read the reviews and how people
feel about the company you can go on to
Amazon read the reviews their products
or their services you can perform some
benchmarks on their website and just
scrape data and you don't want to go
into there as a know-it-all but just so
that you don't seem totally ill prepared
for the conversation but then everything
else stays true in Kevin dy's book
Socratic selling he talks about this no
amount of research that you can do will
get you the kind of information that you
can get if you just speak to the
decision makers they have the up-to-date
stuff they have the real stuff you just
have the publicly available information
so it's a dangerous game to assume if
you go in there like I looked at your
site Cent just hold on a second I looked
at your site and looked at conversions
below average and you just go reading
them whatever it is you research and
like well I'm here to talk about hair
andcut and you're talking talking about
this it makes no sense so don't start
the party without the
client ask some questions and don't ask
leading questions either now people
always say well how do I know it's a
leading question because it presumes an
outcome it's very directed There is a
sense of judgment on it is your website
working for you well You' made a
presumption that I I want to talk about
my website and that you're also by
inferring is it working for you that you
don't think it's working you should ask
a much more open-ended question because
we're looking for the real problem and
only with the client's help can we find
the real problem so we use a bit of
research and then intuition and being
great at asking questions and listening
demonstrating a ton of empathy is how we
really find what the real problem is so
I found that the more information I go
into the meeting with as a person who's
further along in their Journey more
senior than you is that I find that when
I learn too much it starts to Cloud what
it is I'm looking for it's almost like I
read the case File before arriving on
the scene of the crime and I'm starting
to make a lot of assumptions about
What's happen when I really just need to
show up and take in the information
while in the back of my mind knowing
that it plugs into some data or some
research I've already done so you're
still here and guess what you didn't do
what I asked before and that's why I'm
back invading and interrupting your
enjoyment of this video you're still
here go ahead and stop the video and hit
subscribe and I'm out of your hair yeah
so in a situation where your prospect
has identified they need a new brand
identity and logo design system you've
determined is what they need and you've
determined that it solves a business
problem what business problem did that
solve um the way they show up is not
representative of how good of a business
they are it feels in congruent with
their marketing it's not attractive
enough for the kind of client they need
so they're not getting the right leads
in the door cuz maybe they look cheaper
than they actually are and they're in
producing a new line of things where
this extended brand identity is helping
them launch this stuff easier and make
sure that everything is cohesive as it
goes out it sounds like everything
you're saying is what they have
currently is misaligned with what they
like from status to attraction to leads
to product launch awareness Association
they want to change it are any of these
things quantifiable from a business
metric I get the dance we're doing now
I'm the client I feel like I'm feeding
right into your hand is this is this
happening right now is this meta right
now is this what's going on yeah if
we're not attracting the right person
then person that we want which on
average pays us this much is not coming
through the door so we're not hitting
the revenue markers that we want to hit
do you think your money is better spent
investing in copyrighting and marketing
funnels and marketing programs than it
is in brand Identity Design if your
whole point is to attract more customers
do you think by
changing the identity that that's going
to do anything I think the copyrighting
and the marketing and how it's presented
needs to be aligned with the brand
identity that's important to me or else
we're just going to look like the quick
marketers they a clickfunnels landing
page with a lot of text and it doesn't
really speak to our culture who we are
and who we serve so I I do think
important I do want to say this I would
love nothing more than to design a brand
identity system for you however I just
need to check check in with you to say
like in the real world do you buy
products that you love from companies
that are very valuable where they're
logo and identity system is trash that's
an excellent question I would say yeah
sometimes can you name more companies
where that's true versus false or can
you name more that it's where that's
false versus true where they're valuable
company and their Identity Design is
terrible more cases where it's true or
more cases where that's false probably
more cases where where it's false as I
think of my own shopping Behavior and
the longevity of who I buy from I'm an
iPhone user The Experience from top to
bottom from when I get on the website or
when I go to their desk in the shop to
the packaging I think it is important
how many companies that can you name
that are on the Apple level experience
that you're talking about would should
you go down the list with me not many
probably probably not so I already know
the answer to this question is because a
lot of people associate a solution with
what they want and they don't actually
take the time to actually check in
whether or not the market validates this
or not I'll give you a couple examples
the Hilton Hotel you love their logo and
identity system I could care less about
it actually right valuable company very
much so Marriott yeah Norwegian Cruises
we can just go down the line and in fact
there are many companies which their
logo identity is terrible but it doesn't
seem to matter so I would hate for you
to spend money building something in
hopes of a achieving a certain result
when that's not likely going to happen I
care a lot about Identity Design
packaging customer experience but then
we have to say that that's what matters
to us and not because we're trying to
attract new customers because there's
probably safer bets that'll get you a
more likely outcome than it is to spend
more money in doing brand Identity
Design but there are two other things
that you mentioned which is status
there's a feeling here and you don't
want to feel like a subpar brand you
want to feel like a premium brand
and the next is you're you're making new
products and you need to launch things
and maybe the old Identity Design is
attached to certain feelings and
associations that are no longer relevant
to this company you've outgrown the old
container and to get a fresh start you
need to change identity if that's the
case then a logo might serve that
purpose really well it's giving yourself
a makeover so you can start fresh often
times when a company is inherited by the
children of the founder they want to put
their stamp they want to change things
they're going new bold Direction they
want to make it more modern and
Innovative they want to switch verticals
that's a good time to change the name
and the logo is that the case here the
more you explain it that is definitely
the feeling that I have and the desire
that I want and where we're at as a
business so one is a feeling based and
it's hard to quantify that but let's
just put that aside for a second and the
other one is because we need to
reposition that's a marketing function
and for sure you need a new identity to
reflect that nothing gets depressed
talking more than when you start to make
some changes like the identity all of a
sudden people notice right away because
you've you've you've given it a facelift
that's why people remodel restaurants
and and create new identity systems is
this an important thing for you do you
feel like without this it's going to
hold your company back I think it's
necessary right now and I wouldn't want
to put so much work around the launching
of a product the bringing people in if
the experience does not feel right for
client and it doesn't not it doesn't
represent us and the more you ask these
questions it definitely is just a
feeling like I want to be proud with how
we're showing up in the marketplace and
I want to use your language to make the
experience premium and I think the
identity and the logo is a big part of
that I need you to know that premium
logos and experiences don't come cheap
that's why they're premium tell me more
are you aware of that I am well not just
the design the research the
craftsmanship but also in the production
of things the reason why app products
feel that the way they feels because
every component from the plastic wrapper
to the packaging and the friction in the
Box the paper the photography it's all
money and these are all little tiny
signals that are sent from product to
customer that they might not be able to
articulate but they feel so often times
prospects will come to us and say we
want to create a premium experience but
they're not they're not really willing
to back it up and so there's a
misalignment there again you've seen
this too overseas companies who do not
off products or me too products will cut
corners and you can feel the difference
you can see the difference and you can
taste the difference if it's a food
product so you have to be 100% committed
to this otherwise it's going to be
lipstick on a pig as they say are you
committed to it I'm committed to it I
would like to know more of what that
commitment looks like because from what
I'm hearing from you this is not just a
oneandone play this is something that
will probably linger throughout many
different Arenas of our entire business
you mentioned photography you mentioned
product you mentioned packaging so I
would like to know what that commitment
looks like and then it sounds like we
need to have a deeper conversation on if
this is the commitment what is the
investment relative to that commitment
but I am right now committed to this
well you've mentioned the word
experience several times and then we
have to sit down and map out with you
what all is is included in the
experience of something and I don't know
enough about your company to make any
presumption but let's just leave it
where we started which is you want
someone to help you fashion a brand
identity system that is reflective of
the values that you want and you're
willing to make at least conceptually a
financial commitment a product design
commitment an experience design
commitment to see this all the way
through because we're only a strongest
or weakest chain that's where we'll
break so having said that in what
ballpark of money have you prepared in
your mind to spend towards this endeavor
you know with it being something that I
didn't think it would come cheap
relative to what I want to accomplish
definitely mid five figures or something
like this but again I don't know what I
don't know so I am seeking you to kind
of guide me in this Arena if I'm being
transparent so you're prepared to spend
somewhere in the $ 50 to $60,000 range
is that right once that's accomplished
what is the rest of the commitment that
you have in terms of printing production
photography do you have a sense of your
overall budget for design be honest with
you you've opened up my awareness to
what's going to be needed after this
initial deliverable that I was expecting
from this call so I would probably need
a little bit more guidance on that as to
whether that's a communication with you
to discover what that is or if I need to
go back to the team and understand like
okay we're going to need more money
because of the roll out of this after
the identity is so let's talk about this
real quickly this is an aside to
everyone who's paying attention right
now to in order for us to expedite the
conversation I'm going to skip over a
few things when to make some assumptions
that Mo and I have not talked about and
I'm going to enter back into the scene
as if the conversation already happened
okay and if you're interested in hearing
more about that let us know in the
comments we'll take care of that so on a
different episode we will go into detail
this thing so that you can see it in
this excruciating detail and we can do
that now back to the episode all right
Mo given our conversation about your
needs and the skews that you have and
the different customer touch points I'm
going to do a ballpark estimation right
now on top of the 50 or $60,000 you're
going to need to spend on the Identity
Design or what you're prepared to spend
we're looking at another at least
quarter million to $400,000 so somewhere
between 250 to
$400,000 is the commitment that you need
to make on the other things first of all
before we go too deep how does that sit
with you way too much you're going to
spend $60,000 on a logo and you're not
prepared to spend in production for the
all the other touch points that we we
talked about the website the social
media assets the packaging the printing
I'm just getting you prepared for how
much money you're going to spend if you
want to create that experience like I
said you've opened up my awareness to
that being the need I didn't expect it
to be in that high of a six figure Mark
and I'm just saying one business owner
to another if you're prepared to spend
50 to $60,000 on an identity system this
is very much on the low end of the
spectrum here so there's probably some
potential misalignment this why we have
to have this conversation here because
if you actually hire someone like us to
design your identity system system but
you cheap out or you cut corners on the
production the printing your signage and
all the kinds of things that you need to
to make then I think you're wasting your
time and your money and I don't want to
do that to you how would you like to
proceed honestly from what you just said
I may have to let this marinate I'm
completely misaligned with what I what I
think it's going to cost versus what you
just laid out let mean just quickly
explain it to you so you can have the
things to ruminate over okay if you were
to use a new identity system with your
with your existing website it will feel
really weird because it'll feel like you
took a cool logo and you paste it into
your site and nothing will work and
depending on the level of design service
that you're going to use it could be
anywhere between $40 to $80,000 just to
do that alone so when I mentioned to you
$250 to $400,000 you can start to see
given all the different touch points
that we talked about I see at least 10
in front of me which the average spend
if you were to spend on the highend
would be $40,000 per touch point which
is relatively low compared to the
identity system that you're inquiring
about right now and it would be very
hard to produce anthemic videos media
assets to be used for the next year for
anything less than that so there's a
disproportionate amount of money that
you're spending on the logo which you're
not willing to commit through on the
other end talk about the printing budget
and everything else that we're talking
about there's no way you can do this in
my experience does that help you get
perspective on that that the cost per
unit is relatively low compared to what
you're prepared to pay for the logo and
identity system yeah it does it does I
wasn't I think at the at the core of all
this I wasn't prepared to spend that
much out the gate so it's good to know
that that's kind of what's going to be
expected and I definitely have to do
some realigning with what I'm prepared
to do let's take a pause here I want to
explain something to our audience any
company an entrepreneur who's prepared
to spend 50
$60,000 and creating a premium
experience and rebranding has already
committed way over over this amount of
money this is where the role plays
usually break because if you think about
the amount of money they have to have
and the investment they're willing to
make they're not going to sit there and
spend 50 60k on a logo and say let's do
everything else for 5K each it just
won't make sense at all right so this is
why our audience is not able to connect
like oh the role play didn't work it's
it didn't work because Mo doesn't run a
$300 million company and he would know
that when we talk to customers who can
pay this kind of money they'd spend
$250,000 on one video alone one 30
second video they'd spend $100,000 on
making an explainer video for a
conference they're going to use one time
in fact back in the day when we used to
work with gaming companies for their
demos for E3 which is the big gaming
conference they spend north of half a
million dollars to do a product launch
video that is like 30 seconds or a
minute long that's the level which we're
talking about right now so everything is
relative right had you said um we have
$10,000 for logo then I would have
pulled the other numbers down cuz I'm
just using relative scale here that's
why this once in hour it's like it
doesn't make sense to me well no one
would spend 60k and then cut every other
Corner that I know there was a little
bit of intention from me on that and I
know this but I want you to elaborate
what you're doing I heard a few things
that you did but I want you to break
down that scenario I'm going to consider
that that role play ended with me
backing out maybe calling you again
because you consulted me to really think
about what I'm spending my money on
right and wasn't fully in alignment with
my thinking well maybe I shouldn't spend
that much on a logo because I don't have
that much for everything on the back end
but here's some things that I heard from
you you did a lot of unsell yourself so
making me want to say no to you and not
Choose You clarifying my need
challenging my thinking and then logic
testing and I think a big part of how we
got to the conclusion of like dude
you're going to spend 60 but you're not
going to spend 250 on all the other
collateral that you're going to have to
make that's a big test of my logic but I
want you to kind of cuz you're masterful
at this break down what what you did
because I don't want the end conclusion
to be like well Chris has 30 years of
experience that's why he did it so well
so can you just break down what you did
with with me in that role play yeah I'll
tell you the simple way to do it and
then I'll expand on it if you wish I do
wish what I'm trying to do is what
therapists do the therapists is almost
solely reliant on the person in front of
them to tell them the truth and the
truth is is a funny word to use because
true to them true to life true to
reality it can all be true and also be
all untrue so whenever they hear
something and their Spider Sense goes
off they have to say where have you seen
this to be true what evidence do you
have that supports your observation
that's all we're trying to do so when
the client says yeah all valuable
companies have a really amazing Identity
Design system I say well really actually
I think my instincts tell me the
opposite but I don't say that up front I
just say what evidence do you have to be
true and I don't want to use those words
because it seems very challenging for me
to ask it that way so then I say well
based on your experiences with brands
that are valuable how many can you think
of of that have a great Identity Design
system versus how many that don't I
already know this because the world is
ugly it's run by people who have no
taste who hire people have no taste to
make things that are taste less it's
very rare that's why when the client or
the prospect pointed out apple apple is
the easy reference as to the gold
standard if you look at the gold
standard it falls off really quickly
there are tons of companies out there
that have great products that have great
customer relationships that are worth
billions of dollars who have a really
poor Identity Design system true so I
already know that I kind of have a lot
more evidence at least I've been able to
observe that supports the opposit so
when I hear something that's untrue or
illogical or irrational I I just have to
ask is this because you are someone that
does their due diligence assessing these
things so you can be like okay that
sounds illogical or am I jaded to assume
that I don't feel like everybody can
come to that conclusion so quickly where
you're testing that person's logic I
give you the life
hack assume everything that's said and
presented to you is untrue okay and I'll
tell you why not to be a jerk but that's
what it means to be a critical thinker
to be critical of your thoughts what I
assume because when I I've worked with
enough clients now my assumption is
clients are busy they don't spend their
time thinking about the things that I
care a lot about and so they haven't
formulated all their thoughts and
theories on what they need to do on a
visual or design basis they ask for
solutions they don't even know are
connected to Real Results and they don't
use precise enough language and so
that's a lot of reasons why I suspect
nothing that they say is true not that
they're ill intention not that they're
trying to lie to me but they just
haven't had time to think about it my
job my role is to help them think about
it as an advocate for their business and
their goals not as an advocate for
kristo and I think what you're seeing
here is a level of business maturity yes
a level of self-confidence and
self-awareness amount of stoicism and
living by the value of do what's right
for the the client and you may lose the
business today but you'll win the game
tomorrow so let's break this thing down
let's take it to somewhere real personal
between you and me we got off a two-hour
call with the entire content team and
each and every single person presupposes
they have the right solution and the
whole time in which I'm talking I think
they're just mostly just waiting so they
can present their idea versus like what
is Chris really saying what is it that
he wants and how do we check in with him
to make sure this is true and he's
thought this through now I'm unlike most
people in that I actually do think
through what I'm about to say and I try
my best to use precise language but this
is not an indictment on you and anybody
else that was on that call but everybody
I think is just really waiting to say
something not really listening at all
and using their own
unverified observations and opinions to
counter my own opinions you're going to
lose that war every single time but what
you're also going to do is you're going
to increase the friction that you have
with your clients so that's just a
business lesson everybody I don't go in
there saying uh you should do it this
way because I believe this to be true
and you don't know what you're talking
about and you know well my observation
says the opposite and that's
unfortunately just a sign of business
immaturity now it's going to sound like
wait a minute didn't you say you go and
assume that people don't know what
they're talking about and they're lying
to me and it's un yes I do but I'm
interested from their point of view what
their observations are and I would like
for them to share that data with me
versus me coming in saying well I went
through the site and been watching these
shows on the internet and this is what's
that's me entering new evidence into the
case I don't want to do that so if they
say something that's true then I'm more
convicted and confident that this is the
right solution this is an extremely high
level intellectual conversation I think
is about to
like over people's heads I mean I I've
had I've done this multiple times now
and it's still it it every time it blows
my mind because it just makes me realize
how jaded we go into these conversations
How We Do lead with a tremendous amount
of assumptions How We Do lead with
tremendous amount of hunger and ego and
wanting to earn the business quickly
from a place of selfishness and the
whole time and I think this is why
people love role plays between you and I
not to digress and we always see the
comments like Mo if I was in your seat
it would be so much easier I would I
would haggle him and all this kind of
and I'm sitting here like he never
once made me feel like I need to haggle
him if anything he made me genuinely
reflect internally and be like damn I
may not be thinking about this the right
way my logic may not be clear so for me
to quote unquote submit as some of the
trolls say it's like no you were too
easy on him it's like no it's just so
calm and so mirror esque that it's like
oh that sounds very reasonable well I
think you've already highlighted most of
the problems one is maturity maturity
comes in self-confidence ego assumptions
arrogance I would use the word arrogant
because I think what people assume to be
arrogant is not what they do it's like
no that's what other people do but if I
come in ready to prescribe solutions to
you presuming I know a lot about your
business and what your wants and needs
are and that everything I say is true
that's that's a pretty arrogant position
and I ask certain questions thinking I
think I know the answer but I leave room
for them to say something different
right and if they say something
different I'm like oh okay you're right
and if you frame as an open-ended
question they won't feel like you're
leading them so you have no pie on face
and if I say isn't it true you were
there on the night of the fifth with the
the murder weapon and then they're like
no I wasn't I was with my mom like well
you know Poo's on my face isn't it so
but if I'm like so where were you on the
night of the 5th did can anybody
corroborate your whereabouts how do you
know how do you remember that time so
well that seems pretty reasonable I'll
move on to the next question if you go
in there feeling needy like you have a
lack mindset it's going to skew your
questions it's going to change your tone
of voice and you're going to sit there
and think what can I do to get Mo to
sign on the dott of yes so true and oh I
Don't Care What mo asked for I want to
sell sell sell well it seems like Mo
wasn't comfortable with 50 I'll drop it
to 25 right now this creates all kinds
of strange signals to your prospect it's
like wait a minute is this all a game
for you this is my business you just
change prices and scope on the Fly and
one thing that we didn't talk about MO
is what I'm doing I'm not really trying
to unell you I'm just trying to be your
Advocate that's how I felt though and if
we were
strangers and I could get you to tell me
on camera afterwards I suspect and you
can tell me otherwise there's a little
feeling of warmth like like God because
we just want to make sure that people
care about us before we do business with
them and moad asked me this question a
long time ago bringing it up from the
archives here and he's asked me before
Chris how do you show people you care
how do you do that and I turned to Mo I
said Mo here's a dirty Secret because I
genuinely
care it's that simple I don't need to
sell you today in fact I prefer not to
sell you I got enough on my plate now
here's something really interesting I
saw this video and hopefully you can
find it for the cut later there's a guy
I don't know who he is I I feel like
he's Jake the Jeweler Jeweler and he's
giving away an ounce of gold I've seen
this video yes okay it's like these
little tags that he gives out to people
and people are super suspicious of other
people it's like let me see how much
gold I can give away today so he's like
hey do you want a gold do you want gold
they're no no no because they think
there's always strings attached and when
people like no I don't want it he goes
that's totally fine and he says to
camera something like I think this is
one of those things where no is more
valuable to me when they say no so I
have no problem with
rejection when you have something truly
of value like you're literally handing
out gold on the street and people don't
want it you don't feel rejected you feel
relieved but I don't think we internally
believe that what we're doing is
valuable cuz there's so much insecurity
about what we're doing we don't value it
ourselves so it's like when when clients
have a just one pause one moment of
hesitation you crumble and when they say
I don't want that you feel rejected you
feel depressed you feel like you and and
and all the people who have questioned
you are are are are are correct in their
assumption that you're not going to
amount to much it eats at your
soul I don't look at it like that I look
at it like you
know this this isn't a good fit for me
on on multiple planes is not good for me
so let's move on until we find the right
person who wants what I've got and my
solution actually solves the real
problem for them you hear me say this a
lot Mo in our private dialogue you'll
hear me do it in role plays
unfortunately you weren't there when I
was running my service company but you
would have heard it there too it's like
yeah I'm not sure you need to do this
I'm not sure this is in your best
interest and and every time I say that
they're like wait wait wait wait wait
wait wait you don't tell me what to do I
will buy this from you I'm like okay
you're not even doing it as like a cat
Mouse game either cuz there's people
that do do that where it's like I'm
gonna keep pushing you are genuinely
saying I don't think you need this from
me right now I don't think you need this
at all matter of fact not just right now
this is not a good use of your time
money or effort and it's a weird dance
that people just follow whether
relationships sales it's like I want
what I now think I can't have when you
are running around desperate in need of
a girlfriend in need of a client in need
of a boyfriend you're super needing is
very repelling whereas if you're stable
with your business with your life and
you've got things going on you have
other clients that you're working with
you won't feel like you have to sell and
you'll conduct yourself very
differently you have that inner core
strength and stability that then people
will find very attractive so that's
something else that they're challenged
with right because they're in a place
where financially they need work I kid
you not on the daily I got people
sending me messages in my DMs saying bro
I'm totally broke you got to help me
brother you I I just need one thing from
you it's like I just want to delete
those messages yeah yeah first of all I
don't know you and why you coming at me
all desperate like that it's not a good
look this would mean the world to me bro
you need to do this I'm like I don't
need to do jack for you right now I
don't even know
you I don't know you why would I this is
make sense to me very true what I always
find fascinating in our discussion is
the following we come in asking you for
the tactics and you give some of the
tactics the house the scripts the the
prep work all of that but nine times out
of 10 when we're talking about pricing
and negotiation it always falls back on
the personal development side and I know
I just know that when you said high
level it's because we went there and
there's people in the chat like dude
dude give me this script Playbook so I
can value base price accordingly but I
really do believe this is always the
disconnect and the hurdle that people
need to go over because you're talking
about and me and you have done this many
of times even on a personal one-on-one
level you talk about people not being in
a state where they can be abundant where
maybe income is not that well and that's
a very difficult place to be in and
sometimes you have to psych yourself out
because I know when you weren't making
in the bread that you're making now you
were still that guy maybe not as mature
and Suave M like you are right now but
you still had that level of selfworth
the beginning side of this conversation
was here's the Playbook on how to
diagnose via dialogue to then get to a
place of value based pricing you need to
be removed from being the vendor if you
just need to be a consultant and adviser
and make people feel warm but I need to
know if you can sum it up in the way
that you speak so eloquently what does
someone need to do right now that has
been with us for the hour hourong
conversation to get to the mental space
to arrive in the conversation the way
you just described I do want to clarify
once again something you said you you
diagnosed the dialogue those were my
words right you want to diagnose in the
dialogue but I'm not trying to get to
the value based pricing it's a naturally
occurring thing but not always because
most times when people present these
scenarios to me it ends there but it
doesn't need to be there it could be
like well seems like what you need is
for for you to book an hourly session
with me and it's $5,000 an hour and you
say okay great let's do that it's just
not that often that people are coming to
me and asking me for a high Lev coaching
oneon-one situation so I I am not
selling that service so I'm looking for
the problem and finding the appropriate
solution for it sometimes it's me
sometimes not me and I'm looking for the
appropriate pricing model yes so in some
scenarios I'll do a hybrid one I said
why don't we do a fixed fee for the
finite scope and a variable fee for the
undefined scope so we can get started
with something that puts everyone at
ease versus like well I don't want to
spend two and a half months scoping the
project with you only to find out it's
not going to work so in architecture
it's called sometimes design build which
is we design the parts that we
understand we bid for that and we build
those parts and while we're doing that
we're processing permits for the rest
and we just do it together requires a
lot of trust but at least we get going
we can get you in the building faster
and we can respond to the conditions yes
and I'll tell you why this works because
when you're doing a remodel there are
things within the walls and the floors
that you just don't know what you're
going to encounter they design something
based on assumptions but when they rip
things out you're going to encounter new
problems the Plumbing's all messed up
we're going to move this kitchen over
here we're going to move things so that
it's more economical for you and it
won't really impact the design or the
usage that's a new model that's a
different model let me now break it down
for people step by step let's just say
you just jump to this time stamp right
here and you want to be more confident
in be able to talk to a client you want
to you have the desire to be more
business oriented and Diagnostic in your
approach if you don't want to do that
and you want some cookie cutter formula
find it from someone else because it
probably won't work what's that we ain't
the ones or maybe we are and then you'll
find you'll figure it out somehow but I
don't I'm only going to tell you what I
have done and what has worked for me so
first of all you got to just check in
with yourself if you're acting desperate
it'll change your entire approach so
before you even have any kind of this
dialogue make sure your business is in a
place where it's at an equilibrium that
you're not burning so much money that
you're desperate to take on anything
that walks in the door that puts you at
a lower footing in the negotiation
process and it it just changes and it it
skews the perspective of your mind so
get right with your finances go in there
with an open heart do a little bit of
research so you understand some
fundamentals about your client's
business and then ask a couple of
questions and it will sound something
like this what is the goal you're trying
to achieve what is motivating this right
now what have you tried in the past has
prevented you from achieving this what
metrics will you use to measure
success what problem does this solve for
you and the impact it will it make on
your company that's
quantifiable what
percentage of value created are you
willing to invest to see this through
what does doing
nothing impact your business good or bad
if none of these Solutions are
appropriate for solving this are you
prepared to look elsewhere or to do
nothing it's something like that
well those are the questions but if you
don't understand the philosophy behind
the questions what they say you'll be
like a robot you'll you'll like write
down the answer but you won't know what
to ask them next it won't
flow cuz you truly don't understand it
it's to understand vocabulary words but
not to how how to structure a proper
sentence you could understand the words
but you won't be able to use them and
that's the problem and is the underlying
philosophy to enter and exit from a
place of being an adviser the philosophy
can be simpler than that the philosophy
could be you exist to serve the client
to help them gain Clarity on what it is
they're trying to do and to use your
experience or lack of to help them to
identify the highest potential of
success in terms of the path forward
whether that includes you or not help
them get clarity
that's the main thing and don't be
afraid to speak truth to power and do it
in a kind respectful way without biases
and assumptions and you'll do well
that's the
philosophy
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