Virtual Speaking Fees

The discussion reveals a business opportunity in high-paid speaking engagements, particularly virtual sessions, with insights on pricing strategy and consulting calls.

Key Points:

• Virtual Speaking Rates:

  • Current rate: $10,000 per Zoom speech
  • Frequency: Approximately 1 session every 2 months
  • In-person rates can reach $25,000 per session

• Pricing Strategy:

  • If everyone says yes to your price, you're priced too low
  • Goal: Price should be high enough that ~50% of people say no
  • Current recommendation: Double prices since getting consistent "yes" responses

• Consulting Calls (GLG):

  • Maximum rate: $2,000 per hour
  • Format: Usually 40-minute calls with hedge funds/investors
  • Anonymous clients seeking industry insights
  • Previous standard rate was $1,000 per hour

• Revenue Optimization:

  • Speakers should regularly increase rates until hitting resistance
  • Can assign specific earnings to specific purchases/goals
  • Focus on delivering one strong idea rather than multiple weaker ones