Tag: fear

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What is the Real Value in Free

freeFree is zero, nada, zilch, nothing. In the mind of the consumer, free means whatever you give away for free has no cost to you. The same applies to your time. If you are giving away your time for free, how do others adjust to understanding your “real” value? Do they realize your true worth?

Most people are very leery of free offers. Based on experience, we are trained to look for the fine print, the exceptions and qualifications.  Our better judgement tells us that there is usually a “catch” to getting something for free.  A free day at the spa comes with the catch of attending a vacation rental sales pitch. A free juicer included with a top priced refrigerator comes with the catch of spending more on a product just to get a small appliance you may never use. A free soft drink when you buy the big meal comes with the catch you have to super-size your entire meal. If we are always suspect to the catch, how does that reflect on the perception of you giving away your time for free? Maybe there is a catch.

We are all very susceptible to the attraction of a free offer. Free works. We often all like to take advantage of free! Significant purchases are emotional. Free sparks our interest, it draws attraction to possibilities. Free also plays on the strong emotion of fear. The fear of losing out on the free.  Will someone else get our free?

What is not often measured is the “buyer” remorse of a free offer.  Why?  Well, you didn’t pay for your free, how can you be remorseful. You got what you paid for – zero, nada, nothing. You can’t return “nothing”. Your stuck with your free.  The cycle continues, giving and getting for free and then we are left wondering was it worth our time as the giver or receiver. It might be easier to leave the emotions behind and get to the real offer of people paying for your services. Paying for your valuable time without an emotional gimmick.

Free feels like it should have value. We perceive that whatever we get will be of greater value than what we have to give to get it.  It is very difficult in business as a service provider and solopreneur to not give away your time. We often justify this as a “marketing and sales” expense.  Unfortunately, the expense is not something you can list on your expense records as a tax deduction. You can not expense your hourly rate as a cost of sales. It’s lost time or to put in a more feel good term, an investment.

When you give away your time, what you do and who you are is represented as free.  It may appear to be a good idea. If you give your time away regularly others will soon see that your time has no value and what you perceive to be a great gift often goes unused or disregarded. Are you creating the perception that you are “free” for the taking?

The best advice for giving away time for free is to set a specific free time budget.  How many hours can your afford to give away each week?  Also, keep your “power of negotiation” at your central point of where you do business.  Meeting at coffee shops and for lunch may seem like a convenient way to give away your free services; however, you are no longer in a business setting, which demonstrates that your business is the priority.

We all desire to help others, pay it forward and do good. The best good you can do is to make sure that you get value for what you do. Free is a teaser, a sample. Maybe it is required to build a relationship and establish an opportunity for a transaction.  Then again, maybe if what you give away for free is so valuable people will actually pay you for it. Limiting your exposure and risk, means you have limited availability to always give away your time and services for free. Use your time wisely.

“If you were to offer a thirsty man all wisdom, you would not please him more than if you gave him a drink.” – Sophocles

Jamie Glass, President and CMO at Artful Thinkers @jglass8

Additional read:  Nothing in Business is Free 

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Life Lessons Learned at the Zoo

Life at the Zoo

A rare reprieve of relentless Arizona summer temperatures provided a great day to visit The Phoenix Zoo.  Walking through all the exhibits inspired me to think about life lessons you can learn at the zoo.

First, I learned my brilliant idea of mixing with animals is not unique. Every year 175 million people visit 224 accredited zoos and aquariums in the United States, according to the Association of Zoos & Aquariums (AZA).

Second, getting close to elephants, sharks and wolves has an important financial impact.  The AZA reported in 2011 that zoos and aquariums contributed $16 billion to the US economy and employed more than 142,000 people.

Further observations and life lessons from my day at the zoo:

  • Diversity Exists at the Zoo – Hundreds of species existing together – lions and tigers, oh my!  From reptiles to some of the largest mammals that roam our planet, the zoo is truly diverse.  We are able to see a harmonious place where differences are appreciated and celebrated.  We seek out and marvel at all the distinct unlikeness between varieties of snakes, birds, monkeys and bears.  It is also worth noting that there is great diversity in the people that visit the zoo, all together and at the same time. Travelers from all over the world, all cultures and ethnicity enjoy visiting the zoo — a true melting pot.
  • Community Matters at the Zoo – Most zoos survive with a community of volunteers and public and private donations.  Zoos need communities to promote and participate in supporting the upkeep and daily maintenance.  It is expensive to entertain and educate us.  Zoos need all of us as much as we need them.  Make it a priority to visit your local zoo at least one time a year, better yet become a zoo member!
  • Visiting the Zoo is Healthy – It is outdoors and requires you to get moving!  Most zoos require you to walk great distances to see all the exhibits. Zoos definitely beat out a walk inside the mall and will probably save you money.  As fact, in 2009 a Animal Science Journal study reported zoo visitors had a drop in blood pressure when they left the zoo and felt they had an improved quality of life.
  • The Zoo is Ageless – As marketers and business leaders continually look for ways to segment their target audience, the zoo appeals to all ages!  From babies to seniors, the zoo brings smiles to the young and young at heart.  Families, teens, dating couples, grand parents and small children wander the paths together.  Screaming and crying is expected and crowds draw more people to get a glimpse.  There are no limits at the zoo.
  • Curiosity can Conquer Fear – Imagine starring a tiger in the eye or feeding a sting ray.  Only at the zoo can we conquer our fears so easily.  We can watch the spiders and snakes up close and glare at the wolves as they roam a few feet in front of us.  The zoo allows us to use our curiosity as a way to overcome the fear of the unknown.  Children (and adults) can ride a camel and shake hands with a tree monkey.  Interaction creates an opportunity to learn.  The more we know, the less we fear.
Zebras at the Zoo

As you think about a way to support your local community, go for a long walk and tap into your adventurous side to explore the unknown, I suggest there is no better place to do it all than the zoo!

“We all have a fear of the unknown what one does with that fear will make all the difference in the world.” – Lillian Russell