I liked this! I got it! One big thing – an AHA moment. How I have always viewed a pyramid. The uphill climb versus the funner. Very simple but eye opening! You will be seeing more of me!

Always a balancing act, but I tend to lean on the side of giving away a LOT. People are more likely to pay for something when they get a lot for free from you. It is called reciprocity.

The balance, though, is something each person has to work out. I'd have to know more about your market. But, I don't feel like dying young.

Good video, David.

I am looking at ways of making money by blogging as well, with the project I'm launching next month. It's good to have a laid out plan and show people how it's done and if they want to do it, they know it, it then becomes up to what they're willing to do and how much work they're willing to put into it.

I loved the video.

Re-Tweeting it now.

I guess your question has to do with how do you determine price for a product?

Well, it really comes down to what it would be worth to the customer who bought it. Plus, what the market will bear. Then, competitiveness. There is really no formula for it. Which is why some people way overvalue their stuff. Usually, I see the “gurus” ask what I think is way too much for their stuff. I've paid $2,000 for courses before…. they were great, but you can tell they were pricing it bases on its value to me, not the atual value. Then, I see beginners who aren't confident in their offer low-ball their price. That shows lack of confidence. So, I say just price it for what it is worth to the customer, and always have a product that's damn good. that's my take anyway.

Oh, and the TV is a 50″. Bought it a little over a year ago.

You can always do both. That's what I try to do.

James, just want to add to David's answer that market determines pricing. I always look at my competition for any business I have been in to see what services they are offering and if I can offer the same or similar service/product for an equal or even less amount (usually only less if I am competing against high overhead companies). If I can, then I move to the next step in my plan.

Research is the key.

Good Q&A here David…

David, I love the video in front of the nice big LCD going to have to give that a try give a nice professional look and feel. Also great advice as alway looking forward to your other video I must say everytime I watch your stuff I learn something. Thankyou!

I like this article. interesting and useful for me. I am so increased knowledge

I've been thinking about this video all week. It's time for an oil change and I'm looking for my funnel. I found it sort of weird that I didn't make it simple. It puts it in perspective when you know you are trying to make money, but how concentrated are your efforts to bringing money in. Thanks for the business inspiration.

I read an interesting article on Copyblogger that talks about a similar situation. “monetizing a business is redundant”. A true business model needs planning, accounting and research. Don't think of monetization as an after thought.

I always knew there was a reason why my music and business needed this to coexist.