Get your free personalized podcast brief

We scan new podcasts and send you the top 5 insights daily.

Scott Galloway reveals his personal speaking fee strategy is binary: he charges nothing for non-profits but an exorbitant fee for corporations. This 'zero or crazy' approach serves a dual purpose, allowing for mission-driven work while using the high price point as a powerful marketing signal that generates buzz.

Related Insights

When selling high-ticket services, don't raise prices incrementally. Instead, make a significant jump (e.g., from $3,800 to $8,000). If it doesn't sell, you've gained valuable market data and can simply re-price the next cohort. The upside of finding a new price ceiling far outweighs the risk of a single failed launch.

A founder's limiting beliefs about pricing are often the biggest barrier. Alex Hormozi's career pivoted when he quoted a price 12x higher than normal just to get a 'no', but the customer immediately accepted. This single event proved his internal price ceiling was imaginary.

Instead of only negotiating your speaking fee, offer to bundle access to your digital course for all attendees. This tactic increases the total value for the event planner by providing long-term engagement and can be used to justify a higher overall price or help close a deal.

A low price can signal a low-quality or immature product, repelling enterprise or mid-market customers. Raising prices can make your product appear more robust and suitable for their needs, thus increasing demand from a more desirable—and previously inaccessible—market segment.

Don't let your personal perception of what's 'expensive' limit your earning potential. Set your price high based on the value you provide. It is easy to lower a price that gets no buyers, but impossible to know if you could have charged more if you start too low. Never say no for the customer.

To set your price, ask clients what they would do if your service didn't exist. Their answer, like hiring a full-time employee, reveals the 'replacement value.' This figure provides a concrete benchmark for your pricing and uncovers powerful marketing language.

Instead of viewing your limited one-on-one time as an unscalable weakness, frame it as an extremely scarce resource. This fixed, low supply naturally drives up price. The goal isn't asking if a task is 'worth your time,' but setting a price that makes it worth your time.

Charging too little for speaking can backfire. A fee below a professional threshold, like $3,500 for a new speaker, can make you appear inexperienced to event planners, causing them to pass on you for someone perceived as more valuable—even if that person charges significantly more.

Professional speaker Jess Ekstrom notes that audience size does not correlate with speaking fees. Some of her most lucrative engagements have been for intimate groups of 12, while massive arena talks have paid nothing. The value delivered to the specific audience, not the crowd size, determines the fee.

In craft-based or consulting businesses, premium pricing acts as a strong quality signal. Scott Galloway explains that instead of deterring customers, higher prices can actually attract higher-prestige clients who equate cost with superior skill and value, leading to more and better business.