I don’t think I’m bribing any egos. I think I’m offering a fair opportunity in the event that the service was mis-priced, which I’m comfortable admitting here. The results are still yet to be seen, and I’ll be sure to report back on how that goes as well.

I don’t think I’m bribing any egos. I think I’m offering a fair opportunity in the event that the service was mis-priced, which I’m comfortable admitting here. The results are still yet to be seen, and I’ll be sure to report back on how that goes as well.

If they thought the price was fair when they paid it, there is no reason to expect a refund. You didn’t twist any arms. They came to you freely.

If you had raised your prices, would they have gone back and retroactively paid you the difference?

That’s the basic philosophical level. Of course, that doesn’t account for the cost of whiners. If people are going to be so personally offended at you lowering your prices that they’ll refuse to do business with you in the future, then yeah, it’s worth it for you to bribe their fragile egos. But I’d wait for them to come to you. If you advertise a refund you get both the whiners (who you have to coddle) and the regular old cheapskates who didn’t require a refund for emotional reasons, but will happily take your money.

The $100 price for co-working consulting is genius. The “whuffie” you earn from being a co-working influencer and mentor is worth so much more than the $40 you’re not making. There’s a good lesson there: don’t be afraid to accept non-monetary compensation.

If they thought the price was fair when they paid it, there is no reason to expect a refund. You didn’t twist any arms. They came to you freely.

If you had raised your prices, would they have gone back and retroactively paid you the difference?

That’s the basic philosophical level. Of course, that doesn’t account for the cost of whiners. If people are going to be so personally offended at you lowering your prices that they’ll refuse to do business with you in the future, then yeah, it’s worth it for you to bribe their fragile egos. But I’d wait for them to come to you. If you advertise a refund you get both the whiners (who you have to coddle) and the regular old cheapskates who didn’t require a refund for emotional reasons, but will happily take your money.

The $100 price for co-working consulting is genius. The “whuffie” you earn from being a co-working influencer and mentor is worth so much more than the $40 you’re not making. There’s a good lesson there: don’t be afraid to accept non-monetary compensation.