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Why You Should Do It for the Money (and Stop Feeling Guilty About It)

by Joe Mobley
11 replies
I'm convinced it's important for at least three reasons.

1) Because of how it changes your mindset When you start charging for your services, you go from being an amateur to being a pro. You are suddenly more accountable.
Michael Hyatt talks about transitioning from a Free Blogger to an IM'er who charges for his services.

A good, quick read.

Why You Should Do It for the Money (and Stop Feeling Guilty About It) | Michael Hyatt

Joe Mobley
#feeling #guilty #money #stop
  • Profile picture of the author bloggerd
    Cheers Joe will take a read through that
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  • Profile picture of the author x3xsolxdierx3x
    Joe,

    I know what Michael is going for here.

    I read his blog frequently.

    I'm not sure that I agree with the title, though.

    Here is a TED talk I watched today....I've watched MANY of these TED talks, and, I have to say, this is probably in my top 5 favorites....

    Listen to what he says about Orville and Wilbur Wright (i.e. the Wright Brothers). (around the 10:00 minute mark)

    Compare that to the actions and motivations of Samuel Pierpont Langley.

    Orville and Wilbur Wright pursued an idea and a cause. They truly believed that making a "flying machine" would change the world.

    Even with significant financial backing/media coverage, Samuel Pierpont Langly did it for riches/money.

    History tells us what the outcome was here.

    (I contend that you should do it for the cause/idea, NOT for the Money).

    Again, I get where Michael is going with this....but, I think it could be a very slippery slope if his post is misinterpreted and misapplied.

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    • Profile picture of the author Joe Mobley
      Originally Posted by x3xsolxdierx3x View Post

      Here is a TED talk I watched today....I've watched MANY of these TED talks, and, I have to say, this is probably in my top 5 favorites....

      Listen to what he says about Orville and Wilbur Wright (i.e. the Wright Brothers). (around the 10:00 minute mark)
      Thanks for the TED Talk tip. I had watched this before and I re-watched per your recommendation.

      Let me suggest though, that this does not apply to what is going on here. I find that many people can and do build substantial businesses without a great "cause."

      Not wanting to spend the future eating cat food out of a can is a pretty good reason to build a financially stable life. I am not really as interested in changing the world as I am in building a great life for myself. If one of the by-products of that process is that I help someone else, great.

      People don't buy what you do, they buy why you do it.
      Sounds good. A great soundbite. But wrong.

      Let me suggest,

      People buy what you can do for them.
      Joe Mobley
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  • Profile picture of the author donhx
    Hmmm. Michael Hyatt. Some of the stuff he says is okay I guess. I used to read his blog all the time, but no more.
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  • Profile picture of the author club20coaching
    Thanks buddy!
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    Website Design In Michigan

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  • Profile picture of the author Randall Magwood
    Oh trust me, i do it for the money. But i'm ethical too. I used to offer free consulting... then my clients would argue with me about a marketing strategy or 2.

    Then i offered paid consulting.... no questions about technique. They just did what i said. The "paid factor" makes all the difference.
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    • Profile picture of the author Joe Mobley
      Originally Posted by Randall Magwood View Post

      I used to offer free consulting... then my clients would argue with me about a marketing strategy or 2.

      Then i offered paid consulting.... no questions about technique. They just did what i said. The "paid factor" makes all the difference.
      Excellent Randall. And so true.

      Joe Mobley
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      • Profile picture of the author Steve B
        Joe,

        I'm not sure what your definition of "doing it for the money" refers to.

        If you are saying that money should be your driving force in business, your ultimate reason for existing, the main motive for everything you do, then I would say this . . .

        It may be your ultimate destination, and that is fine for you . . . but there are lots of profitable and successful business owners that are driven by other things that are at the top of their priority list.

        Of course those in business are there to turn a profit . . . but to say, as you have, that they are "doing it for the money" suggests that money is all important, it's their only thought, that it's an end in itself. You're talking about the love of money.

        In my opinion, that is simply not true of many successful business owners.

        If I thought your products or services were created with the sole purpose of you taking money from me, I would not be your customer.

        I realize others will not agree and I respect that.

        Steve
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  • Profile picture of the author retsced
    I've learned a long time ago that humans will justify anything they do, whether it's right, wrong or indifferent. And so, those who say they're not in it for the money are the ones I trust the least. They're not only lying to me, but also lying to themselves if they believe it to be true.

    No person comes online and sets up a business to help others initially. Not a chance. It's true that many successful business owners say that the money is not as important as "A,B,C" but that only happens after the fact, not before.

    I want to help people. I do. But there's no way I'd be here writing this right now if I wasn't in it for the money. Not very many people set up businesses without the sole intention of making money.

    You can talk the talk about helping people first, until you're blue in the face, but there's not a chance anyone with a tinge of common sense is gonna believe that bull.

    The real honest to good god truth, is that you get the money by providing value. That's how it works. Therefore, helping people get this, or achieve that, is what's most likely gonna get you the money. Unfortunately most people have their heads so far up their own asses that they can't see which motivates them most, making money, or helping people.

    Money motivates you first. When you make it, and you have enough of it, then it's helping people that motivates you more (sometimes)

    You want to help people? Click on the sig file and donate to a much needed cause. Otherwise, stop talking the halo talk, you're embarrassing yourself.
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  • Profile picture of the author RogueOne
    And so, those who say they're not in it for the money are the ones I trust the least.
    Me too. There are no totally altruistic people. No one does anything that doesn't benefit them somehow.

    Of course I'm in it for the money, I don't even like people that much.
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