We let the perception of others determine our worth.
But here's the juicy thing I'm realizing about perception...
How we're perceived is limited to our perception of ourselves.
To start billing more and getting clients and projects in line with our value, we must first prove it to ourselves. No one else. Because once we're convinced of our value, shit gets real.
I’ve struggled with this throughout my career but now I can confidently call myself an expert. And now that I'm convinced, shit is indeed getting real.
But you can’t just start saying you’re more valuable, start billing more and demand a fancier title. I've tried that too. It no worky.
Here are 3 ways I've convinced myself of my value over the last few years (I was stubborn, this wasn't easy)—
1) Building my craft
I didn’t write a book because I was an expert. I wrote a book because I was an insecure creative who couldn't believe that after 20 years I still had as much self-doubt as I did. I was like, “How is this even possible? I must have learned something in 20 years! This 10,000-hour thing is bullshit!”
And so I wrote what I always needed. It's why it's called A Self-Help Guide for Copywriters. I was helping myself. As I chipped away at it for over 8 years, two things happened:
I proved to myself I did know a few things.
I learned a few more things.
And then after the book, I spent a million hours making my course.
Much to my inner critic's disappointment, I started believing I was as an expert.
You don't have to write a book and make a course to know your value but if you're not convinced of your worth, set time aside every week to deliberately work on your craft. Even if it's to prove to yourself how much you know. Take the power away from bosses and clients. Determine your own worth.
Making stuff
When you put stuff out into the world, you start receiving feedback. Part of it comes in the form of—
“Your book is too cheap.”
”Your course is too cheap.”
“Your hourly rate is too cheap.”
“Your talks are too cheap.”
“Why are you wearing Old Navy?”
“What are you an advertising thrift store?!”
The world said to me, "Dan, you're more valuable than you think you are." The gap between how others viewed me and how I viewed me was the Grand Canyon. It's what inspired today's email.
Take my course, for example. The initial course pricing likely cost me, without any exaggeration, about $300,000. And the book, probably $35,000. So, yes, I am wearing Old Navy.
Since launch, I raised the price from $100 to $150, to $300 and then $400.
But when it would sell at $400, I felt guilty every time I made a sale. I hadn’t convinced myself of the value.
Which led me to…
Seek out the feedback you REALLY need.
I started reaching out for feedback on the course. But not the kind that felt good. This was the kind where the people giving it were apologizing.
I assured them they were not hurting my feelings, even though they were. But I wanted this. I wanted a deeply honest assessment of the value of the course (a-hem, my value). I knew it was good. I wanted to know how I could make it even better.
Then, I reached out to 50 former students about the value of the course through a series of questions.
All of this convinced me it was worth a minimum of $500. I then improved several lessons and added 45 minutes of additional content.
I not only convinced myself it was worth $500 but double.
Similarly, when I started giving talks to brands and agencies, I had only a vague sense of the value. I reached out to a local agency and asked if I could share the talk in exchange for hurting my feelings.
I had already given this talk to several companies but I needed feedback to be able to sell it with confidence.
I got what I needed but I also got tidbit like, "Your self-deprecating humour is funny but don’t overdo it. Make sure it doesn't take away from your value. It's clear, you’re an expert and a master in the craft. Own it.” (Thanks, Lisa ❤️)
I didn't need to hear that to know my value but it did help confirm my suspicion.
Your rates are a reflection of your confidence. Start raising it and the rates will follow.