Comments on: How “Free” Could Keep You Captive http://www.unwrapyourmind.com/how-free-could-keep-you-captive/ Wed, 28 Jul 2010 18:27:32 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Patrickhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1764 Patrick Tue, 02 Feb 2010 23:05:09 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1764 <p>Tess, I picked $1,000 as an extreme. I've met business consultants (who were multi-millionaires before they became consultants). And yes, they have a big ego. But not being able to imagine that a consulting hour could be worth $1,000 tells us also a lot about our own limits.</p><p>What if you had a problem - and you could go for 2 years to a good consultant who charged $50 - or you could go to a specialist who could enlighten you with the solution in 1 hour. Wouldn't that information been worth $1,000?</p><p>That reminds me of this often quoted story:</p><p>A “factory manager” at a local factory called-in an “outside emergency maintenance guy” because one of his machines had “broken.” The maintenance guy arrived at the factory shortly after receiving the call. The “factory manager” then explained the problem he was experiencing to the “maintenance guy.” The maintenance guy responded, “I know exactly what the problem is,” then he quickly replaced a screw in the machine, and the machine began to work like new. The maintenance guy then said, “That’ll be $1,000.00!” The factory manager responded, “$1,000.00! You just replaced one screw; that screw cost $1.00; I could have easily done that!” The maintenance guy responded, “Yes, the screw did cost $1.00, but the knowledge of how to fix your machine cost $999, …and by the way, I only accept cash.”</p><p><strong>So, what are your (and our) limits of not being able to come up with $1,000 advice? Something to think about!</strong></p> Tess, I picked $1,000 as an extreme. I’ve met business consultants (who were multi-millionaires before they became consultants). And yes, they have a big ego. But not being able to imagine that a consulting hour could be worth $1,000 tells us also a lot about our own limits.

What if you had a problem – and you could go for 2 years to a good consultant who charged $50 – or you could go to a specialist who could enlighten you with the solution in 1 hour. Wouldn’t that information been worth $1,000?

That reminds me of this often quoted story:

A “factory manager” at a local factory called-in an “outside emergency maintenance guy” because one of his machines had “broken.” The maintenance guy arrived at the factory shortly after receiving the call. The “factory manager” then explained the problem he was experiencing to the “maintenance guy.” The maintenance guy responded, “I know exactly what the problem is,” then he quickly replaced a screw in the machine, and the machine began to work like new. The maintenance guy then said, “That’ll be $1,000.00!” The factory manager responded, “$1,000.00! You just replaced one screw; that screw cost $1.00; I could have easily done that!” The maintenance guy responded, “Yes, the screw did cost $1.00, but the knowledge of how to fix your machine cost $999, …and by the way, I only accept cash.”

So, what are your (and our) limits of not being able to come up with $1,000 advice? Something to think about!

]]> By: Patrickhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1763 Patrick Tue, 02 Feb 2010 22:56:11 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1763 <p>Richard - of course scam is all around, and cheap information sold at high prices. That is because value and price have no correlation by itself - only if you create it. That's why a low priced book/consultant/advice that you value high is better to you than an expensive book/consultant/advice that you don't value (or that has no value).</p> Richard – of course scam is all around, and cheap information sold at high prices. That is because value and price have no correlation by itself – only if you create it. That’s why a low priced book/consultant/advice that you value high is better to you than an expensive book/consultant/advice that you don’t value (or that has no value).

]]> By: Patrickhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1762 Patrick Tue, 02 Feb 2010 22:52:26 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1762 <p>Phil, you captured the essence - great job. It is absolutely not about paying money (and of course the 50$ consultant can do you a better service than a $1,000 consultant - if you valued the information more - and the information was more valuable to you.</p> Phil, you captured the essence – great job. It is absolutely not about paying money (and of course the 50$ consultant can do you a better service than a $1,000 consultant – if you valued the information more – and the information was more valuable to you.

]]> By: Tess The Bold Lifehttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1761 Tess The Bold Life Tue, 02 Feb 2010 21:33:47 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1761 <p>Hi Patrick,</p><p>When my children were young and driving me crazy my husband and I invested in a counselor. We paid him $50 per hour, drove 45 minutes each way and hired a babysitter.</p><p>We worked out arses off to do what we needed to do to make our marriage work. Our kids are in their 30's now and we're still married!</p><p>About charging $1000 an hr. as a coach...I think when your calender is booked you raise your prices. If one starts out charging that much, you have a coach with a big ego, not a good coach.</p><p>.-= ´s last blog ..<a href="http://theboldlife.com/2010/01/born-run/" rel="nofollow">Born To Run</a> =-.</p> Hi Patrick,

When my children were young and driving me crazy my husband and I invested in a counselor. We paid him $50 per hour, drove 45 minutes each way and hired a babysitter.

We worked out arses off to do what we needed to do to make our marriage work. Our kids are in their 30′s now and we’re still married!

About charging $1000 an hr. as a coach…I think when your calender is booked you raise your prices. If one starts out charging that much, you have a coach with a big ego, not a good coach.

´s last blog ..Born To Run

My ComLuv Profile]]> By: Richard | RichardShelmerdine.comhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1758 Richard | RichardShelmerdine.com Tue, 02 Feb 2010 09:34:09 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1758 <p>On the other side there is also the danger of something being paid for (Especially online) and someone expecting it to be good because it cost something. Not necessary.</p> On the other side there is also the danger of something being paid for (Especially online) and someone expecting it to be good because it cost something. Not necessary.

]]> By: Phil Boltonhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1755 Phil Bolton Fri, 29 Jan 2010 19:10:34 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1755 <p>Patrick -</p><p>Making the distinction between price and value hits right at the heart of this issue. Nothing is truly free as there is always at least a time cost associated with finding and reading "free" information. Taking in a bunch of free things and doing nothing at all is a waste of our finite energy supplies. It is only when we use the "free" information to make a change in our lives that the value is realised. Thanks for this clarification.</p><p>Phil</p><p>.-= ´s last blog ..<a href="http://feedproxy.google.com/~r/LessOrdinaryLiving/~3/1L0sypDZ8Ks/" rel="nofollow">Six steps to Stress-free Productivity</a> =-.</p> Patrick -

Making the distinction between price and value hits right at the heart of this issue. Nothing is truly free as there is always at least a time cost associated with finding and reading “free” information. Taking in a bunch of free things and doing nothing at all is a waste of our finite energy supplies. It is only when we use the “free” information to make a change in our lives that the value is realised. Thanks for this clarification.

Phil

´s last blog ..Six steps to Stress-free Productivity

My ComLuv Profile]]> By: Patrickhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1754 Patrick Fri, 29 Jan 2010 17:21:40 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1754 <p>Setting high standards for yourself is the first step towards overcoming lack of self-esteem and scarcity mindset.</p> Setting high standards for yourself is the first step towards overcoming lack of self-esteem and scarcity mindset.

]]> By: Patrickhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1752 Patrick Fri, 29 Jan 2010 17:18:27 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1752 <p>Jeffrey, what a great example. Thank you for sharing. I've seen this vicious cycle of penny pinchers who are not able to get out of the rut (that they thrown themselves into). Whatever you get attached to much emotionally holds you captive. Whatever you are able to detach from (so you can focus on achieving it without fear or paranoia) will get into your hands much more easily.</p> Jeffrey, what a great example. Thank you for sharing. I’ve seen this vicious cycle of penny pinchers who are not able to get out of the rut (that they thrown themselves into). Whatever you get attached to much emotionally holds you captive. Whatever you are able to detach from (so you can focus on achieving it without fear or paranoia) will get into your hands much more easily.

]]> By: Patrickhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1751 Patrick Fri, 29 Jan 2010 17:15:23 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1751 <p>Amid, it is the same for me - whatever I find really useful (not just playing around with), I tend to pay for it. That's with software, web services, books, etc.</p><ol> <li>With software and services (like your spotifiy account) you get much more for paying a fairly small amount of money</li> <li>You know you are creating wealth for others</li> <li>You are attracting much more wealth into your life, because you escaped the scarcity mindset and you changed your vibrational frequency that allows more money to come into your life. </li> </ol><p>Here is an example for that last point. Last year I made the decision to become the sponsor of not only 1 but 4 children through Plan International. Beside other charities I support, some people asked me, why I go for 4 (for them it add's up to serious money - more than 1 month of salary per year). I however made more than 10 times that much from one of my businesses (without working 1 hour longer). I am pretty sure that I would never have made that money would I've decided to go along the scarcity road. Ever since I started giving to charity (and paying for good services good money), my income has grown constantly.</p> Amid, it is the same for me – whatever I find really useful (not just playing around with), I tend to pay for it. That’s with software, web services, books, etc.

  1. With software and services (like your spotifiy account) you get much more for paying a fairly small amount of money
  2. You know you are creating wealth for others
  3. You are attracting much more wealth into your life, because you escaped the scarcity mindset and you changed your vibrational frequency that allows more money to come into your life.

Here is an example for that last point. Last year I made the decision to become the sponsor of not only 1 but 4 children through Plan International. Beside other charities I support, some people asked me, why I go for 4 (for them it add’s up to serious money – more than 1 month of salary per year). I however made more than 10 times that much from one of my businesses (without working 1 hour longer). I am pretty sure that I would never have made that money would I’ve decided to go along the scarcity road. Ever since I started giving to charity (and paying for good services good money), my income has grown constantly.

]]> By: Patrickhttp://www.unwrapyourmind.com/how-free-could-keep-you-captive/comment-page-1/#comment-1750 Patrick Fri, 29 Jan 2010 17:05:36 +0000 http://www.unwrapyourmind.com/how-free-could-keep-you-captive/#comment-1750 <p>Patty, ok - that might be a drastic example and yes there is much more affecting client commitment than money (developing a good trust relationship, showing up your competence and being able to prove amongst many others). But I very often seen consultants who were highly gifted yet they weren't able to affect the client as good as possible because of their own lack of self-worth (and of course their low rates as an expression of that). And $1,000 is for a personal coach quite unusual (unless you maybe are consulting Brad Pitt and Angelina Jolie through their relationship issues :-), but I guess on the other end of the continuum it gets quite clear - what is your initial reaction to a personal coach charging $10/hour?</p><p>So, to make it clear - I'm not about advising to go for high-fee consultants - I'm about high-committing yourself towards the process of change (with or without a personal coach).</p> Patty, ok – that might be a drastic example and yes there is much more affecting client commitment than money (developing a good trust relationship, showing up your competence and being able to prove amongst many others). But I very often seen consultants who were highly gifted yet they weren’t able to affect the client as good as possible because of their own lack of self-worth (and of course their low rates as an expression of that). And $1,000 is for a personal coach quite unusual (unless you maybe are consulting Brad Pitt and Angelina Jolie through their relationship issues :-) , but I guess on the other end of the continuum it gets quite clear – what is your initial reaction to a personal coach charging $10/hour?

So, to make it clear – I’m not about advising to go for high-fee consultants – I’m about high-committing yourself towards the process of change (with or without a personal coach).

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