Derek Sivers, founder of CDBaby and Hostbaby, was a musician before he started those successful companies. He has been writing amazing articles on his blog for years. Last week, he wrote about the way he set prices for one of his gigs.
One time a college far away in Ohio, about a 12-hour drive, asked what I would charge to do a two-hour show.
I said, “$1500”.
She said, “Oh, that’s a bit too much. What would you charge to do just a one-hour show?”
I said, “$2000”.
Sivers wanted to demonstrate what he valued: “What you’re paying me for is to get there! Once I’m there, playing music is the fun part! If you tell me I have to get back in the van after only an hour, and drive home, then I’m going to charge you more than if you let me play for a couple hours first.”
I tend to advocate for fact-based