So since 2008, I've been consulting privately with small business owners helping them craft business models that have helped them reach and exceed the million-dollar mark, pitch million dollar business ideas to investors and just become better business people. In 2010 I decided to stop private consulting though and started working on my own million-dollar vision. So far so good.
Over the course of 18 months I've been heavily using social media, I've begin to notice the need for many business women in particular who could use my expertise so it seemed natural that now I get back into private consulting but this time virtually. So I decided to host a free webinar to introduce my platform and knowledge and to truly add my value to the entrepreneurship conversation.
Making a long story short, the original goal of the program was to give high value content away for 60 minutes and completely free and then do a follow-up webinar with even MORE high content and charge $37. And then a series of follow-up marketing strategies. People were signing up and getting so excited about both webinars, and even paying the fee and enlisting others to join. I created a discount package and everything. It was working but something about it though felt just WRONG!
NO NICKELS AND DIMES AND WASTED ENERGY ALLOWED!
Sure I know the marketing experts would say “well maybe you didn’t go about it the right way” and yes I noticed a few things, but what made me NOT want to move forward with a different strategy to sell was the fact that I didn’t “feel” right selling $37 product.
Even though I knew what I was offering was worth $300,000 or more in potential for the attendees, it felt like I was nickeling and diming and it just felt wrong. I knew that I could easily earn a modest monthly salary off just one webinar, but it felt like I was excerting the wrong energy looking to see how many people registered, if I’d met my profit goals, would I put another announcement out, etc. Yes all the things you should do if you’re launching a product but all the effort I put into it for just a few thousand dollars felt well..like a waste of energy when I knew ultimately what the attendees needed I had to offer them and no I couldn’t offer it for $37 even if 100,000 ppl registered.
THE CLASH OF THE EGO VS SELF-WORTH: ONE WANTS SURVIVAL-MODE THE OTHER LIVE IN WEALTH-MODE
In short, my ego had a major clash with my self-worth and value. And I would argue that many of you solo-preneurs, coaches, infopreneurs, etc have had the same issue (well maybe after this blog post you will). Where my self-worth which has been developed to what it is to day after 15 years was saying “Katrina just give it way please dahling, you don’t need to nickel and dime for quick cash” my ego was saying “but this is good stuff! I need to charge for this are you kidding me??? I’m not going to miss an opportunity to make $3000 in one hour” but here’s the thing, that methodology which I KNEW at the time was against what I truly believed is what many solopreneurs subscribe to. It’s what I call the survival mode or the “me” mode. It’s difficult to see yourself as powerful beyond measure, you’ve just figure out how to get comfortable working for yourself. Now you have to start thinking about millions? Me? All I have is just my brain power and a few skills.
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