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Divide your annual income by:

He won't do an hour of work for less than $50,000, then explains why charging for something raises the odds people follow through, and why serving more people with a high bar still makes more money.

Watch on YouTube Divide your annual income by:

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Short
Origin
MoreMozi Shorts
Transcript
Full transcript on this page

Key takeaways

  • Now, I purposely put my bar really high because I know that like I only need one Facebook.

Chapters

  1. 0:00
    Abschnitt 1 What is 1 hour of your time worth?

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

1 segments

0:00What is 1 hour of your time worth? >> Probably wouldn't do anything for less than 50 grand. >> 50 grand? [music] >> If I charge for something, a higher percentage of people who consume the thing, if they paid for it, will be likely to to follow through with it. If it's free, a smaller percentage, but a larger absolute amount of people will be impacted. You'll ultimately make more money serving a huge amount of people and then having some bar that people can jump over. Now, I purposely put my bar really high because I know that like I only need one Facebook.