10 replies
I think this is something worth examining from time to time. I remember there was a time in my life not long ago when I had been making about $12/hour, and I had never experienced what it was like to earn more. I had grown talented at making websites, and I met someone that wanted me to help them with their customers' websites.

I had been used to charging the equivalent of the same wages I was making at my full time job (customer service) to my website customers. Then my new business partner told me we would be charging our new customer $1500/month. This was HUGE to me. This was almost as much as I was making on my full time job.

The problem I had was I felt guilty. All we did was make a design and submit the site to some directories. Then the customer wanted some miscellaneous edits. My partner at the time said we would need to charge $300 more. At this point I protected. I said this will take me no more than a few minutes to do this, and it was not fair for me to receive $300 for this work.

Then I remember our phone conversation. My business partner told me that if I were there with you now I would grab you by the shoulders and shake you, and tell you its okay to earn this money. You have spent years learning how to do this work, and though it may only take you a few minutes to do this, the customer is also paying you for the commitment you have made in your life to reach this point where completing the work professionally can be done in only a few minutes.

At the time, I still didn't completely understand him or take it to heart, but in the years that followed, I learned to accept that the years I had put into learning about websites was worth more than I had ever imagined.

Now, software that I helped create is installed on 100,000 websites and growing, and there are tens of millions of pages on the web that were generated by the software I helped create. I am starting to realize the value of what I have learned. I don't have millions of dollars in the bank, a super sports car, or a big house, but I do have more freedom in my life that I ever could have imagined those years ago where my partner grabbed me by the shoulders (over the phone) and told me that I was worth something, and that I didn't have to feel guilty about making money, especially in light of all the time I had spent learning and helping people with their websites.

I still believe that I could improve in this area, and I believe that people's beliefs about money, as well as the value they can provide to others, is the main reason they are not as successful as they could be.

Your thoughts?
#fear #wealth
  • Profile picture of the author Tyrus Antas
    You should charge by how much You think your service will improve your costumers business and not by how long it took you to develop it.

    If you can make me 1 million dollars just by wasting 1 minute of your life, I would gladly pay you 900k.

    Tyrus
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  • Profile picture of the author gentlerainman
    I agree with you. That's a real issue. I used a hypnotherapist named Marian Massie to help me work through the issues. She was great.
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  • Profile picture of the author Raydal
    This is a REAL fear and has a lot to do with self expectation.
    On the other side of the coin are those who THINK they
    deserve more than their share and try to get wealth
    without giving value to their customers.

    But to think, "I deserve this money for my services"
    is a hurdle that must be overcome. Just be sure
    at the same time you are giving value to get it.

    And keep in mind that MONEY is not true wealth.

    True wealth is health, happiness and relationships.

    But for sure, a lack of money can be very inconvenient.

    -Ray Edwards
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  • Profile picture of the author hjalte81
    Originally Posted by dvduval View Post

    Then I remember our phone conversation. My business partner told me that if I were there with you now I would grab you by the shoulders and shake you, and tell you its okay to earn this money. You have spent years learning how to do this work, and though it may only take you a few minutes to do this, the customer is also paying you for the commitment you have made in your life to reach this point where completing the work professionally can be done in only a few minutes.
    wow.. thank your partner for me... Really needed that one.

    I too have the bad habit of underchariging in real life buisness.
    Will consider this in the future...
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  • Profile picture of the author Sam Rodrigo
    I need to put you in touch with my lawyer, before I get my next bill. And not to shake her shoulders, but to "let her know about your guilt."

    Sam.
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  • Profile picture of the author Mike Long
    Whoo boy, can I relate to this one.

    I came to IM from a world of jobs where the most I ever made was $38K in a year, with no other years over $31K.

    18 months after going full time in IM, I had my first $1,000 day.

    Then a $14,000 month.

    Then I proceeded to completely freak out.

    That amount of money was so far beyond my comfort zone (almost 5 times more than the most I had made in my previous life as an employee) that - in looking back - I now realize that I practically started throwing money away to "get rid of it", and get back to my comfort zone.

    Having finally seen where the problem was, I now realize that I've been developing a very specific set of skills over the past decade that only a handful of people on the earth have.

    That's valuable.

    And I enjoy doing it so much, that I no longer really care that I earn a comfortable living sharing that hard-won knowledge with others. I'm grateful for going through the experience I did though. Without it, the things I'm doing today would be impossible.

    ~Mike
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    • Profile picture of the author dvduval
      Originally Posted by Mike Long View Post

      Whoo boy, can I relate to this one.

      I came to IM from a world of jobs where the most I ever made was $38K in a year, with no other years over $31K.

      18 months after going full time in IM, I had my first $1,000 day.

      Then a $14,000 month.

      Then I proceeded to completely freak out.

      That amount of money was so far beyond my comfort zone (almost 5 times more than the most I had made in my previous life as an employee) that - in looking back - I now realize that I practically started throwing money away to "get rid of it", and get back to my comfort zone.

      Having finally seen where the problem was, I now realize that I've been developing a very specific set of skills over the past decade that only a handful of people on the earth have.

      That's valuable.

      And I enjoy doing it so much, that I no longer really care that I earn a comfortable living sharing that hard-won knowledge with others. I'm grateful for going through the experience I did though. Without it, the things I'm doing today would be impossible.

      ~Mike
      Thanks for the thoughtful post. I think you and I have a lot in common. I liked your final summary about how you are grateful that you went through these experiences. I certainly had my share of mistakes and problems while I was "becoming" something more, but I'm really glad I didn't give up. I still consider myself a student of business and life, and will always being trying to learn and improve.
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      It is okay to contact me! I have been developing software since 1999, creating many popular products like phpLD.
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  • Profile picture of the author helpingothersnow
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