Do you know what the difference between a business owner and a blogger is? A business owner expects to exchange value for value (usually in the form of money for services, information, or products, and I mean both as buyer and seller). Bloggers, on the other hand, seem to expect to just get everything for free. As soon as you want to charge them for something, you’re a “sell-out” and a “scummy marketer.” An offer presented in an email is suddenly “spam” (and never mind they voluntarily signed up to be on your list).
If something is cheap or free, the business owner questions its worth. If something requires a financial investment, bloggers complain and go elsewhere.
I realize I’m painting with a broad brush here. Yes, I’m deliberately over-simplifying. I’m doing it to keep the discussion manageable. We can work with stereotypes without losing sight that they’re stereotypes.
But why do you think me and every other serious blog marketer out there keeps saying: “think of your blog as a business?” I don’t have to tell that to a business person, do I? But people don’t hear what they don’t understand.
All that free information online is not enough to give you everything you need to succeed in online business. That information exists as marketing material for people who have products and services to sell. It will never be complete enough for you. There is a wall stopping you. On the other side of that wall is information which is not free, because it is too valuable to give away or it is impossible to give away because it cannot apply equally well to everyone (that’s why there’s one-on-one coaching and consulting). You don’t get that valuable information, product, or service until you exchange something of value for it—usually money.
And this is where we come to the real problem. No, the problem is not money. It’s your perception. It’s your faith in yourself. Let me explain what I mean.
Let’s say I present you with an offer for something, like Skellie’s book The Blog Business Funnel, which is an affiliate link. If you purchase through my link, I get a commission for referring you. If you use this resource correctly, you will make back the money you spent on it by hundreds or even thousands of times over. In other words, you spend the measly $29 to get Skellie’s book, and you implement what you learn in it and make $3,500 from your new freelance business in just one month (no, that’s not unrealistic at all and if you think it is, you have yet another problem). You took a paltry $29 and turned it into $3,500. That’s a return of 12,069%!
Now, here’s where the perception problem comes in: did you look at that $29 as a cost or as an investment? The difference is far more than semantic. A cost is something you will never recoup. When you buy consumables like food or toilet paper, you don’t make money from that. That money is just gone.
But the $29 you spend on The Blog Business Funnel is not a cost. It is not money down the drain unless you personally fail to act. It is an investment from which you expect a return. You will use the information in that book to make more money than it took to buy the book. When people say “it takes money to make money,” what they’re talking about (on a small scale). That’s the difference between a cost and an investment. It’s not “marketing-speak” to try and slip the price in under your radar. Far from it.
So, what’s more ridiculous: that an ebook costs $29, $39, $47, or even $97? or that you can’t learn from it and make your money back a hundred times over?
Don’t think I don’t know what it’s like to be broke. I do. Been there, done that. Not doing it ever again. Most people aren’t broke. They will say, “I don’t have the money for this ebook right now,” and that day they bought a $4-something drink at Starbucks. Or they spent $6-something on a six-pack of beer. And they spend this much every day on these items, which add up to $120/mo. and $180/mo., respectively. That’s $1,440/year and $2,160/year. Or they spent $80 every single month on their monster cable TV package (and not the internet part, either).
They’re not broke. Anybody spending $1,440/year on fraps isn’t broke. They’re just not interested in breaking out of their current self-created patterns (and that’s what they are—they are not “circumstances”). This kind of continued thinking and behavior ensures failure.
You may be wondering, “Yes, but how do I know I will make my investment back a hundred times over? What if the information is wrong? What if the seller is a scammer?” Here’s how you know:
- If the information is factually incorrect and the seller is reputable, you can ask for—and expect to get—your money back, and you’re not out one single cent.
- If you don’t know the reputation of the seller, investigate. That’s what Google is for. Add the keywords “review” or “scam” or “problem” to your search terms.
Now I’m really going to crawl inside your head. It’s my belief—based on my own prior experience and the behavior I see from others online constantly–that something else is going on, here. I believe most people expressing doubts about a clearly described and reputable product or balking at the price are covering up for their lack of faith in themselves. They don’t believe they will succeed. They don’t believe enough in themselves.
It’s easy to take that fear of failure, that lack of faith in yourself, and turn it around and project it outwardly onto the seller or the product or even an entire industry. It’s understandable, but once you recognize that you’re doing it, it gets harder and harder to lie to yourself. And soon you can’t do it anymore, and that leaves you with a scary decision: sooner or later, you’re going to have to believe in yourself.
If you begin to believe in yourself, you will also begin to have faith in yourself. If you have enough faith in yourself, you will be able to make the leap of faith required of you to truly begin moving towards success (however you define it, but for most of us it includes being able to feed and shelter ourselves and our families at least). You can’t make a leap of faith unless you have enough faith, sort of like charging up a battery. Belief in yourself and tiny successes along the way help to charge up your “faith battery.” Which leads to bigger successes.
Investing in that training product or that ebook requires you to have enough faith in yourself that you will see a return of many times the investment amount. That’s a leap of faith you have to make. When you focus the risk on the product, you’re fooling yourself. The risk is inside you. There are other leaps of faith to make along the way. For example, the first time you ever sell something to someone online requires a leap of faith. Starting your business and/or blog in the first place requires a leap of faith, though a lesser one.
You cannot succeed if you don’t believe in yourself enough to make these leaps of faith. You just can’t. It’s risky and scary and necessary. You can love the idea of being a diver but you’ll never be one until you get up on that diving platform and jump for the first time. You can jump or you can chicken out and crawl back down in shame and humiliation. Your choice. I find it sad that most people actually choose the latter and then rationalize and justify and blame.
Consider also the hypocrisy: here you are trying to start a business or make money from your blog. That means you have to sell something and someone else has to buy it (the rest is details). How can you expect others to invest in you if you can’t invest in yourself? If you’re too afraid of failure, how can others possibly have faith in you or see you as a success? You will give yourself away or, more likely, never even get off the ground. But when you have enough faith in yourself that you can get a good return on a training investment, the hypocrisy just evaporates. Your self-confidence is real and others will feel it. It will inspire them to buy from you in a dozen invisible ways.
So, am I saying the difference between failure and success is only $29 and and a little faith?
I’m saying that’s where it can start. Where you take it after that is up to you. Life on the other side of that moment is infinitely better.




Hey Michael,
I totally agree. I've seen the same thing with personal development books. I've had a few people read my blog and then email me asking if there were free versions of some books I recommend, or if I could just send them a free copy.
And we aren't even talking about $29 – some of these books are used on Amazon for 10 bucks including shipping.
My rule is this: if the cost of something is less than the amount of money I could make in a few hours (or even a day), I don't even look at the price. I ask myself, is this going to make a difference in my life? Would I apply this to my life if it was free?
Most of the books (and even free articles, like your Ultimate Guide to Email Newsletters) that have made the biggest difference in my life take hours and days to apply. The time that you spend applying it costs so much more than the price of that PDF – and anyway, we're not buying PDF or dead trees, we're buying information to change our lives and our business.
If I'm going to apply the lessons in the products, and get results, then the cost is just noise – whether that cost is 5 bucks, or 50 bucks.
Right on… been thinking very similar thoughts this week. I'm still new to the blogging thing, but am already an accomplished business owner.
No matter who you're working with or what you think they can do, if your plan is to move a mountain, you'd better bring your own shovel. And you better be ready to use it…
I completely agree
the best things I've learned online I've paid for… courses, ebooks and membership classes have expanded my head and mind in ways I would never have guessed before. Also, no one gets mad at an author when they charge for a book? It is silly to see the people in life who expect everything to be handed to them!
I really like your blog
Too true. A lesson I am still learning.
I am new to blogging but been in business over 20 years so your post really made me smile and I can relate to the situations you have come across. As a business owner I know I have to invest in myself and my buisness to take it to the next level – it's a no brainer. Yet so many people who call themselves business owners won't 'cos as you say they see it as a cost not an investment. As a service provider myself I have come across the “can't afford your stuff but can afford thousands a year on coffee shops, chocoate, alcohol, designer clothes syndrome” (even though their business is struggling!). I think this is were cultivating a business owners mindset comes in. Many people can't see that they are getting in their own way with their mindset. Great post.
Holy hell man, this is great. You had me at Free…I was just commenting to a friend about people complaining that my podcast was a podcast and that I didn't offer transcripts.
Yeah, my podcast is free.
People complain about almost everything, and many bloggers are selfish and/or cheap. It's one of the reasons I spend less time blogging than I do building businesses and marketing, but quite honestly, after spending 2 years in this niche and seeing how people react…it wears on me.
And as far as the email stuff…don't sign up for my list if you don't want to be on it. I'd rather you unsubscribe than keep marking a newsletter (one that you signed up for mind you) as spam. That just gets me all Hulk Smash like.
Dude, even if you DID give away everything free…those same people would still whine
Exactly right, which is why I've made it a habit to spend most of my time with my customers these days.
Great point.
Great article here Micheal..
We need more if this.
After going through several training programs with our friend David Risley I am really learning your point here. My blog is now part of my business. And everything I purchase to expand my knowledge is a business investment.
I liked your little beer analogy. It is all about priorities.
Thanks for sharing this article.
Cheers.. Are
As Tina Seelig says, the primary barriers to success are self-imposed. They are between your ears, but we are very skilled at deceiving ourselves into believing it is not us. Great stuff!
Bingo!!!
I actually love it when people unsubscribe from my email list when I give them the opportunity to invest in their future. When that happens I no longer am upset but glad. I have just weeded out those who are not serious and only want to free load.
Sure, I don't mind providing some information for free. But there comes a point when what we do deserves to be rewarded. I will never apologize to anyone for allowing my readers and my target market the opportunity to make an investment.
Great — and accurate post, Michael. I would add to the faith in yourself part with a possible different perspective. That is the person doesn't see the investment as being able to change their circumstances; they are powerless to act.
If you look at the Great Recession, what is the power of the individual against thousands of layoffs? It is still faith in yourself — plus a good financial foundation — but one also has to understand that while corporations have the ability to control your fate, they don't have ability to control your outcome.
“You can’t make a leap of faith unless you have enough faith, sort of like charging up a battery. Belief in yourself and tiny successes along the way help to charge up your “faith battery.” Which leads to bigger successes.”
Where can I buy a “faith battery”?
Thanks
This post just made my day. I find it very affirming. Why? I'm a rather artsy musician who has spent more or less my whole career avoiding anything to do with business/marketing/promotion… almost as a point of pride, I would say that I knew nothing about that stuff and didn't care – I seemed to be getting by just fine without it. And in fact I had a pretty good run of it… but when it all kind of ground to a halt, I realized that the very skills (and mindset) that I needed most to climb out of the hole, were the ones I had avoided all my life. Time to reinvent myself…
So I began to learn. And I quickly came to two conclusions: first, that I needed to invest in this knowledge and these skills – meaning, I had to overcome and abandon the scarcity mentality that made it difficult to justify making those investments; second, that far from being boring and soulless and 'unspiritual', this journey into the dreaded world of business and marketing was causing me to ask deeply challenging questions and overcome fears and psychological blocks that I had never confronted before. It's still very much a work in progress, and I wish this had happened 15 years ago, but so it goes.
p.s. I already bought Skellie's book on your recommendation, and am not disappointed so far… I hope the affiliate thing worked out, I work on a few different computers. If not, I'll make it up to you somewhere along the line…
One thing missing in your post is the sheer number of scams out there waiting to get your money promising something they can't possibly deliver. People have become jaded because of this, in my opinion. And now it doesn't matter how big your name is, people have been scammed by those names too.
It becomes a challenge now, to offer a product that truly helps someone, and it actually is convincing enough to them that it will do what you claim. The days of building up a list and then just offering a product you believe in, won't cut it anymore. There are way too many “salesmen” out there waiting to pounce.
Your product (just saying that in general) may be awesome, but what can you do different than every other e-book writer out there to convince me that you deserve my hard earned money? It takes more than a John Chow review anymore, it takes more than a good sales page, and it takes more than putting your name on it….
And since I have kids, I don't look at how many 6 packs, I look at how many gallons of milk I will possibly be throwing away…. These are hard times for a lot of people, and I think that what you say about people wanting everything for free is true, but there are ones that are just simply more careful. Especially the ones that have been burned before…
I believe that most of the time, the fear and lack of belief in myself is the main reason why I hesitate and stay away from information products like the ebooks you were talking about. So I for one agree that before actually trying out these products, one should make sure that he or she has enough faith and belief in himself, as these things are crucial in the success which the products wants the reader to achieve. I think it's time I started this with myself
Rock n roll man. When you said “I believe most people expressing doubts about a clearly described and reputable product or balking at the price are covering up for their lack of faith in themselves” you really hit the nail on the head. People will come up with all kinds of ways to place blame anywhere but themselves…often without even realizing that's what they're doing.
The thing about blogging is that it's so inexpensive to get started. In any space where the bar is set very low for entry, there are going to be a lot of whiners in the mix. There is a lot of information available at no cost, and it's created a culture of people who believe they're experts in basically everything. I mean, who needs experience when you've got wifi, right?
The thing is…the people who value real expertise and are eager in invest in their education and their business, they will always be the ones who win.
Rock n roll man. When you said “I believe most people expressing doubts about a clearly described and reputable product or balking at the price are covering up for their lack of faith in themselves” you really hit the nail on the head. People will come up with all kinds of ways to place blame anywhere but themselves…often without even realizing that's what they're doing.
The thing about blogging is that it's so inexpensive to get started. In any space where the bar is set very low for entry, there are going to be a lot of whiners in the mix. There is a lot of information available at no cost, and it's created a culture of people who believe they're experts in basically everything. I mean, who needs experience when you've got wifi, right?
The thing is…the people who value real expertise and are eager in invest in their education and their business, they will always be the ones who win.
I really like your blog
Dude, even if you DID give away everything free…those same people would still whine
Exactly right, which is why I've made it a habit to spend most of my time with my customers these days.
Great point.