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Alida Spies wrote: ↑December 17th, 2024, 3:25 pm
Do you think people value something they get for free, i.e. something that they would usually pay for? An example of this is a band, not well-known, playing for free at a school or old-age home. The books we get to read for free are not a good example, as there is a price to pay; writing a review or posting on social media, etc.
Hi,
Alida Spies,
Thank you for your question!
One person's trash is another person's treasure.
Even if the external situation is essentially identical, two different people will respond to it very differently.
Thus, it is always impossible and incorrect to answer a question like:
"Do people value X?". Surely the answer would be that some people do and some don't.
In this case, the variation is even more than that. Even if we just talk about the same one human, that human will surely value some free things in some situations and not value other free things in other situations.
Sometimes making something free can cause people to value it more. For example, charging for sex, or even just platonic dates (i.e. a legit non-sexual escort service), cheapens it.
One reason for that is when something is free, a person's way of valuing it tends to be different than when it is not free. Thus, if you charge a price, you limit its value to that price. You might think,
"This free favor this person did for me at no charge is so valuable to me, maybe even priceless". But in the same exact circumstance, if they then ask you to pay them $5 for the same exact favor, you will value the favor as only being worth a mere measly $5.
This is why you might insult people by paying them for something they would have done for free. If you ask a friend to help you change your flat tire for free, they might be happy to help. If you then offer to pay them $5 for it because you don't want to take advantage and treat them like an unpaid slave, they would probably be insulted.
If you are going to charge (or pay), it's typically best to lean towards overcharging and overpaying. Otherwise, you will tend to actually cause the person to value your service/product as less than they would if you gave it to them for free, or insult them by valuing their favor/service/product as less than they think it is worth.
In other words, whether switching from a free to a paid model (or vice versa) causes the person to value it less or more simply depends on whether the price you choose is higher or lower than how they would value you if it was free.
Depending on what price point you choose for something, people will then often actually value it less than they would have valued it had you instead priced it at free. In other words, they won't value it as being higher than what you price it at unless you price it at free, in which case their imagination can run wild.
An exception is when you explicitly discount something for someone. For instance, if you own a restaurant and give a 75% friends and family discount (meaning you charge your friends and family only 25% of the regular charge), they will likely still value it at the full regular price that most people pay.
With love,
Eckhart Aurelius Hughes
a.k.a. Scott
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In addition to having authored his book, In It Together, Eckhart Aurelius Hughes (a.k.a. Scott) runs a mentoring program, with a free option, that guarantees success. Success is guaranteed for anyone who follows the program.
My entire political philosophy summed up in one tweet.
"The mind is a wonderful servant but a terrible master."
I believe spiritual freedom (a.k.a. self-discipline) manifests as bravery, confidence, grace, honesty, love, and inner peace.