Comments on: Sponsoring Contests

By: John

John — Thu, 03 Apr 2008 08:30:13 +0000

Wow I was coming on here awhile back and dude I know you’ll delete this but it seems like you changed $ alot >No person’s time is more valuable then another’s.Everyone’s chasing a buck with this BS advice scams hey man get back to basics it’s NOT about the money or is it?I have seen that change in alot of people. Dont got there Brother

By: Marcus Hochstadt

Marcus Hochstadt — Thu, 27 Mar 2008 14:35:57 +0000

Imagine a guy meets Anthony (Tony) Robbins, the motivation guru. He asks Tony whether he would contribute to his upcoming blog contest and if so, what. Tony happily agrees and offers to sponsor a personal 1:1 one-hour coaching session.

Anthony Robbins’ daily rate is at $40,000. Considering he works up to 15 hours on such a day, his hourly rate would be a whopping $2,666, which makes it to the monetary value of his personal 1:1 one-hour coaching session he would be happy to sponsor for the guy’s blog contest to gain popularity.

Let’s say the guy’s income level is at about $2,500/month, so he may start arguing like this…

“Tony, please… I appreciate your knowledge, but one of my best friends is also an NLP expert. He usually charges only $50 per coaching hour. Frankly, NLP is NLP. Why on earth would someone pay $2,666 when they can get about the same experiences elsewhere for 50 bucks, or 50+ sessions instead of just one! Let’s set that down to a more reasonable $500 (five hundred), OK?”

You think Tony would waste any other second with that guy?

By: Deimos Tel`Arin

Deimos Tel`Arin — Thu, 27 Mar 2008 06:19:07 +0000

LOL @ Marcus!

So would you still sponsor the 888 EntreCredits you promised for the riddle contest hosted at GeekRiddles.Com? :p

1 April 2008 is approaching soon it is time to announce the answer of the riddle and distribute EntreCredits to all those who participated. :)

By: Canucklehead

Canucklehead — Thu, 27 Mar 2008 03:33:13 +0000

oh Jay, how did I know?

By: Arohan

Arohan — Thu, 27 Mar 2008 02:48:13 +0000

I would almost alway question the price. Remember, a price is always set by supply and demand, between a buyer and a seller

By: Jay

Jay — Wed, 26 Mar 2008 22:34:13 +0000

Damn Marcus, my bad! You didn’t have to dedicate an entire post to lil’ old me lol!

But I do apologize for questioning it and I definitely didn’t mean to offend you. The only reason why I brought it up is simply the fact that I charge $6 for my designs and I think my designs are pretty good. So, I’m almost questioning myself for charging so less!

Also, you have to remember that people do have to question things like this because it not only effects the asker, it also effects the responder.

But to answer your question, I would also question any “big names” in the internet business, but that’s just me. Just because they’re a big name, they may have never proved anything to be directly.

So, I would still love for you to contribute as a sponsor for my contest, if you don’t want to, I’ll understand.

Thanks and sorry about that man!

Jay

By: Solomon Broad

Solomon Broad — Wed, 26 Mar 2008 20:38:44 +0000

Some folk (myself included) just don’t know when they’re well off.

By: PLAYTHERE.com

PLAYTHERE.com — Wed, 26 Mar 2008 19:38:00 +0000

Good article that I find fault. It is not unreasonable for anyone to question the value in the quote they receive, that is smart consumer shopping. There is of course a difference between questioning how someone got to the price they are charging and arguing the charge itself. For myself, if a merchant cannot reasonable justify the rate they charge, they are wasting my time as I feel they are trying to gouge me.

In short, it is a fine line the goes BOTH WAYS!

PLAYTHERE.com