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Why Free Products Need To Be Better Than Paid Products or Services

Why Free Products Need To Be Better Than Paid Products or Services

FromThe Three Month Vacation Podcast


Why Free Products Need To Be Better Than Paid Products or Services

FromThe Three Month Vacation Podcast

ratings:
Released:
Oct 9, 2015
Format:
Podcast episode

Description

When you're giving away bonuses, it's easy to believe you don't need to give away your best product or service. The best information always needs to be sold—so you can earn a decent living. And yet, this podcast episode takes an opposite stance. You need to put your best stuff out in front—free. Yes, give away the goodies, no matter whether you're in info-products or content marketing; services or running a workshop. Giving away outstanding content is the magic behind what attracts—and keeps clients. -------------------- Resources To access this audio + transcript: http://www.psychotactics.com/62 Email me at: sean@psychotactics.com Twitter/Facebook: seandsouza Magic? Yes, magic: http://www.psychotactics.com/magic -------------------- In this episode Sean talks about Part 1: The Concept of Consumption Part 2: Why Package Your Free Content Part 3: Why You Must Feel Pain Right click here and ‘save as’ to download this episode to your computer.   Useful Resources 5000bc: Where smart people come together to help each other honestly Goodies: How to design a visual “yes-yes” pricing grid for all your products The Brain Audit: Why clients buy and why they don’t  -------------------- The Transcript “This transcript hasn’t been checked for typos, so you may well find some. If you do, let us know and we’ll be sure to fix them.” What are the three benchmarks that you need to create this magic? Many years ago when I started my cartooning career, I used to get all kinds of jobs. What I really loved was the plum jobs, the jobs where you had this fabulous stuff that you could do and used to get paid really well. I would spend hours and days and weeks doing those kinds of jobs. Then you had the recurring jobs. These were tiny cartooning assignments which didn’t pay very well, so I’d just work very quickly through them because well, they weren’t paying that much anyway. One day, my neighbor, who happened to be an art director of Elle Magazine, he stopped in and said, “Sean, why are you doing such a bad job with these cartoons? Why is it that this work looks so shoddy?” Of course I said, “Well, they don’t pay much.” He said, “I don’t really know how much they pay when I look at your work in the newspaper. I only look at the work and I say, ‘This work is shoddy. This work is sloppy. As a reader, I’m not supposed to know how much you get paid. I only see the end result.'” This is true for us as well. In today’s world, where we’re giving away free stuff, we look at the stuff we’re giving away and we think, “Wait, we need to put in all our efforts into creating great products and great services. But if it’s going to be free, then we need to pull back about it. We can’t put in all the effort into free.” My art director friend would tell you, “I don’t see it that way. It cannot be shoddy. It cannot be sloppy.” That’s what we’re going to cover today. We’re going to cover how you need to make your free product as valuable or even more valuable than your paid product. What are the three benchmarks that you need to create this magic? Part 1: The Concept of Consumption The first thing that we’re going to cover today is the concept of consumption. The second thing is how it needs to have that unhurried look, that unhurried texture, that unhurried feeling. Finally, we need to feel pain, real pain. Let’s cover these three topics. Let’s start off with the first topic, and that is one of consumption. In case you didn’t already know it, Netflix has been monitoring your behavior for a very long time. Netflix is big time into consumption. The reason for that is very simple. The more they get you to come back and watch serials and movies, the more likely you are to renew your subscription month after month, year after year. For ages, the television industry has suggested that the pilot episode is the most critical of them all. If someone watches the pilot episode, they’re going to watch all the rest, or at least that’s how the philosophy went until we ran into Net
Released:
Oct 9, 2015
Format:
Podcast episode

Titles in the series (100)

Sean D'Souza made two vows when he started up Psychotactics back in 2002. The first was that he'd always get paid in advance and the second was that work wouldn't control his life. He decided to take three months off every year. But how do you take three months off, without affecting your business and profits? Do you buy into the myth of "outsourcing everything and working just a few hours a week?" Not really. Instead, you structure your business in a way that enables you to work hard and then take three months off every single year. And Sean walks his talk. Since 2004, he's taken three months off every year (except in 2005, when there was a medical emergency). This podcast isn't about the easy life. It's not some magic trick about working less. Instead with this podcast you learn how to really enjoy your work, enjoy your vacation time and yes, get paid in advance.