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The $100 MBA Show

MBA31 The Power of Free

The $100 MBA Show

Omar Zenhom

Careers, Marketing, Business, Entrepreneurship

4.91.2K Ratings

🗓️ 16 September 2014

⏱️ 9 minutes

🧾️ Download transcript

Summary

This episode packs a punch with why and how you should offer freemiums in your business. It goes beyond the obvious ideas that may come to mind. There’s a right way and a very wrong way to offer something for free to your audience. Press play, listen and learn.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody welcome to the

0:08.9

welcome to the Northern MBA show where business is our business with our daily 10 minute business lessons for the

0:14.9

real world. I'm your host, your coach or teacher Omar Zenholm. I'm also the co-founder

0:20.1

of the $100 RMA a complete business training and community online.

0:25.0

And today we're going to be talking about the power of free.

0:28.0

It's got a power!

0:30.0

Offering something free to your clients can be very very powerful if you do it right

0:36.2

Let's talk about it. of free. Why is it such a good idea in your business to offer something of value for free?

0:52.0

Now, a lot of people think, okay, the no-brainer answer of course is,

0:55.0

well, you want to give them a trial,

0:56.7

you want to give them a taste so they can trust you.

0:58.8

Yes, that is the obvious answer,

1:00.6

but there's more to it, a more actually first of all I said something of

1:04.7

value so that's a very very important I talked about this before if you're

1:08.1

going to give something for free like a free trial or a free sample or a free pass or whatever it is it has to be

1:15.8

something of value something that somebody would pay for now a lot of people

1:19.1

are giving something for free on their website or in their business to encourage people to buy.

1:23.6

But often what they're giving is really not that valuable.

1:26.5

Like they're giving a report, a PDF report on the 10 ways to do such as such.

1:31.4

I don't know.

1:32.1

A PDF report to me sounds like I can really get that on a Google search

1:36.0

or something. You know, is it something you would actually sell? Would you sell that?

...

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