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The Playbook With David Meltzer

When do I monetize what I've created? | #AskDavidMeltzer 21

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 21 February 2021

⏱️ 3 minutes

🧾️ Download transcript

Summary

People ask me all the time when they should monetize their products and services, and I always tell them, when someone asks you for it, it is time to start monetizing it. If you are providing enough value for someone to ask you for your product or service, then you should be charging them for it. I give my books away for free and oftentimes, someone will ask me where they can buy another copy, and I offer to send them another copy, but the majority of the time they say that they want to pay for it. If you want me to answer your question on the podcast, tweet me @davidmeltzer, or email me a video at [email protected] of you asking me a question and I will answer it for a future episode! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

just bringing it back to value and um sincerity uh being honest giving 100%

0:07.3

bringing bringing value to people so you spend three days creating a project

0:11.6

like you literally from sun up to sundown you're working on an ebook and

0:16.4

you know that first like you got to give like pay your dues do the process

0:22.1

information should be free at what point do you say

0:28.7

i should be getting compensated for any of this

0:32.6

two things just to help everyone if we're doing a project i would prefer

0:37.7

that you do a minimum amount of time every day

0:41.6

not take up all three days doing one thing and only because

0:45.0

i believe the conscious continuum and the creative connections that we have

0:48.5

are enhanced and exponentially grow through consistent persistent behavior

0:52.9

so i think the ebook would be much better to spend three weeks

0:57.2

at an hour a day shorter than three straight days that's just personal

1:00.8

so yeah two this is a great question very few people ask this question

1:06.2

when do i know to monetize what i've done when people ask for it

1:14.4

when people when you have a demand when someone's asking for it

1:18.9

and this is how many multi-billion dollar companies were made somebody

1:22.7

said you know hey famous amus you know use a sports agent by the way for

1:27.8

saying yeah me man i love your cookies you should make those i'd buy some

1:32.4

yep now you know it's time to charge so when you're so for me i gave away my

1:37.3

book i still do by the way pay for shipping all that

1:40.5

but i sell more of those books than i've ever sold in my life i think i gave away

...

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