Price, value and auction

I recently wrote a post called Does the customer determine value?

Here are some more thoughts related to value, price and the customer.

Think about an auction, the seller will often have a reserve price (the minimum amount they’re willing to sell the item for). Yet items often get sold for significantly higher because buyers are prepared to keep bidding if they want the item badly enough.

Even if an item could fetch around 20k, the seller can never start with that price, they have to allow the buyers to build up to it. Instead, the seller can only hope that people will pay that amount or at least above their minimum price.

I think it could be said that, although the seller sets the price it is in fact the customer that determines the value of the item.

Putting it into practice

If you have an idea of what could be done or what is possible, would you be willing to put it into practice?

It’s really easy to talk the talk full of excitement and enthusiasm. But actually doing the things you talk about is a whole other story.

It’s easy to give advice when things are going well or tell other people what to do.

But what about taking your advice first?

Why not actually do the thing before you talk about it?

It’ll add some validation when you later recommend it to others and that might be what they need in order to listen.

Don’t wait until you’re ready

Because you’ll never be ready.

When it comes to fear the mistake we often make is trying to wait for it to go away.

It probably won’t.

But there you are saying no and putting things off because you think that by doing nothing the feeling will go away.

Instead how about try leaning into that feeling (I think Stacey June said something about leaning in on her podcast and maybe she got it from Brene Brown).

Anyway, an important lesson I’ve learnt this year is that you can’t bypass stuff so embrace it.

If not you’ll just end up making excuses and nothing will ever get done.

It might not be great for the environment but…

… I’m still going to do it.

I find it easier to write down my words by hand, perhaps because I write quicker than I can type. I can never manage to keep up with myself when I’m writing from my laptop.

The keyboard and screen of a phone, computer or laptop is no comparison to a Biro in hand scrawling away on a sheet of paper in a notebook.

At times the words are barely legible but that signifies the urgency to pour out all the words within.

That feeling is a beautiful thing, it’s one of the things I love most about writing, seeing my handwriting and the words I’ve written.

But I’m also aware of the very present environmental crisis on planet earth, so perhaps I should be more willing to go paperless.