I Am An Artist Too header

I Am An Artist Too

April 13, 2015Nina KovnerENGAGE, GROW, MY TRUTH

Value is more expensive than price.  -Toba Beta

 

Working in a creative industry such as beauty, there is an ongoing dialogue that never seems to end about not working for “free”, of value, of price, and with that, I continue to see so much misunderstanding of both value and price.

And while I have written on this topic often, here is my latest take on understanding value, price and worth. Because it’s not about getting paid, this is about delivering insane value. There is a BIG difference. Revenue is the result of a job well done.

In our hyper connected and social world, we have an opportunity to do a ton of important and valuable stuff, “for free”. We can write blogs, create videos, share tips, send newsletters with lots of cool info, answer questions on social platforms, do LIVE chats, etc. All super awesome, highly valuable stuff, we do for “free” aka not getting paid.

If we are just starting out, and nobody knows who the heck we are or what value we bring to the table, there are several strategic decisions we can make about working for “free”. Remember, these are strategic decisions and also an investment in building relationships, community, value and potentially a ton of traffic, online and off. Just think, every time you post a blog, hair tip, step by step or formula, that is working for “free”.

If people keep asking you to work for free or discount your prices, instead of getting mad at the people, you may want to consider the following…

1. You are connecting with the wrong people. And this means your marketing plan is off or you simply don’t yet understand or have not clearly defined your target market.
2. You have not effectively communicated your value.
3. You have not set healthy boundaries, people will push, it’s your job to push back, with love of course.
4. You are not comfortable with having courageous conversations.
5. You do not see your worth.
6. Your work is not as awesome as you think it is.

If you set your price, and people won’t pay it, all of the above statements may be true, plus one very important thing; you could be overpriced. I know, a little blow to the ego, but its possible. Pricing is both an art and a science. As I shared here and here and here, if you care to learn more, for “free”.

Lastly, for an industry that screams about not working for free, at least 1 time per day, usually more, those same people ask me to work for free. And the awesome news is, I do have a ton of content available to those people, which is free*.

This weekly blog, The Weekly Dose of Awesome newsletter, my #QandAwesome show, Awesome A Day morning text messages & Wednesday Wisdom LIVE Chats, my daily posts on social platforms, all of it, is 100% available to anyone who chooses to consume it.
*If I was to charge for all of those things I choose to do to create value for my community, it would be thousands of dollars each month. Yes, thousands!

What I sell is experience, knowledge, context + results. I create stuff of value. I am an artist. Just like you. So when you call, text or email me and want to pick my brain about your brand strategy, ideas, team challenges, social platforms, website, problem client, or whatever, you are asking me to work for free. Hmmmmm.

I pay for all my professional services. Why? I respect the businesses & artists who provide them. My haircuts, colors, waxing, facials, nails, graphic designer, web programmer, accountant, #teamawesome at Passion Squared. And I pay with joy, love + gratitude for having fellow artists and humans in my life that know way more than I do about their area of focus & experience.

So next time you text, call or email me asking for help, be prepared to get an invoice…created and sent with love, gratitude and respect. And in turn, I will always pay for my haircut.

Love + Awesomeness-

Nina

Are You Really Worth It?

November 10, 2014Nina KovnerGROW

“The realization of what it takes to create value might break your heart, because it means you have to specialize, take risks, create art, leave a positive impact and adopt generosity in all you do.”

Seth Godin

Are You Really Worth It?

Here is the audio version of this post. Enjoy!

Price and value has been heavy on my mind lately, as I continue to see a wave of discounting of services from hairdressers, salons, education companies, fitness studios and more. I would have to say it is one of the most heartbreaking things for me to see when working with small businesses.

You see, what it tells me, without even knowing you or your business model, is that you have no plan. No brand purpose or promise. You do not value your own services or business.

While doing research for this post, I came across a blog from the great Seth Godin, titled, On Pricing Power, and it opens with this profound statement, which I could not say better myself…

From Seth’s blog…
If you’re not getting paid what you’re worth, there are only two possible reasons:
1. People don’t know what you’re worth, or
2. You’re not (currently) worth as much as you believe

This is probably the most important part of creating an awesome brand. Whether you are premium price or the lowest price, you still need to have a deep understanding of value, price and worth.

There is nothing wrong with promotions, adding value, or special pricing, but if discounting is the foundation of your brand, it’s gonna be a tough, painful road.

Instead of…

Instead of focusing on how little you can offer your services for, begin to focus on what value you bring to the table. And deliver that, consistently. It’s amazing what happens when people are happy with their experience and begin to tell their friends.

Instead of focusing on how little you can offer your services for, begin to focus on content creation that brings a ton of value on social platforms.

Instead of focusing on how little you can offer your services for, begin to focus on your WHY.  WHY I would choose you over someone else?

Instead of focusing on how little you can offer your services for, begin to focus on how you are going to be a better businessperson.

Instead of focusing on how little you can offer your services for, begin to focus on healing the part inside you that does not see your worth. By far, the most difficult journey you will take, but so worth it. Just like you.

Love + Awesomeness-

Nina

PS: This concept applies to undercharging, overcharging and discounting. Again, it’s about understanding value, price and worth, not delusion or greed.

Value vs. Price

Is Price Really The Issue?

May 5, 2014Nina KovnerGROW

“Value is more expensive than price.” Toba Beta

One of the core principles of marketing is price; it is also one of the most misunderstood elements of creating an awesome business. Price can be determined by many things… cost of goods, overhead, brand positioning, product or service type, strategy, business model, and more.

But what I want to focus on today is value. Value and price are not the same, and I agree a gazillion percent with the above quote. Value is actually more expensive than price. What does that mean?

In my experience, it means the amount of value you bring to your service experience is what ultimately matters, and delivering meaningful and relevant value consistently is not easy.

Do you know what your clients value? Really know? If you don’t, it’s time to find out. If you solely compete and do business on price, be careful, as you become a very vulnerable business, in fact, you will become a commodity. (Defined by Webster’s: a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (as brand name) other than price) Ouch!

A haircut, a Pilates class, an ice tea, anyone can get those anywhere, anytime. You have to give me a reason to want your haircut, take your class or purchase your ice tea.

My colorist Lucie Doughty at AT Tramp delivers value far beyond the price. She is kind, attentive, focused 100% on me, and delivers quality consistently. That is what I value. The same with my hair cutter Carlos Ramos, aka Sugar Skulls, in fact, I get my haircut almost weekly, so clearly I love my experience.

My Pilates studio, Whole Body Method is calm, friendly, focused and really cares about my well being. That is what I value.

My Starbucks, and now my Coffee Bean & Tea Leaf next door to the Passion Squared Loft consistently deliver a smile, a happy greeting, and pay attention to what I love, TONS of ice. That is what I value.

What do your clients value and are you delivering it consistently. Those are the questions I want you to focus on this week. When there is true value being delivered consistently, price no longer is the issue.

(shared with LOVE from Nina)

PS: If price really is the issue, and you are in the volume, discount business, that is a strategy too. The key is knowing what business you are in. And always be mindful, some other business is always going to offer a lower price.