businessDec 23, 202418:50pending

Rich People Don’t Overpay | Quit Thinking You Can Rip Them Off

Franchising & Real Estate | Second Life Method Podcast FRE | 2LM

About this episode

This is something that has bothered Kelly for a while. It’s about manners and ethics, and don’t make a fool of yourself out there, which a lot of people end up doing. It’s a trap that many fall into where they brag about charging a client a lot of money for something they did very little work for. What you SHOULD be doing is looking to see if you actually add value to your clients’ lives/businesses, which is the inverse of that behavior. You can’t build a solid clientele and business by ripping off your clients. That kind of business just isn’t sustainable.

Add value 2:00
An example from Kelly’s life 3:00
Guys with money are secure 5:00
Why the wealthy buy expensive things 6:30
Gary Vaynerchuk vs Morgan Freeman 10:15
Exploiting new money 13:10

“I don’t feel good just gauging people and charging a whole bunch of money, unless there’s a lot of value, like when I sell a business model that will create money for you, or even a small business that’s already creating money. I don’t feel bad at all for that because you’re just paying me the money that is flowing into me, but it’s paying for your own future income.” 12:44

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