The $1,000 Cup of Coffee: Why Charging More Creates More Value with Joe Polish
The powerful idea behind Ron Lynch’s “$1,000 Cup of Coffee” and why charging for your time can dramatically shift how people perceive and apply your advice. Whether you're building your brand or guarding your time, this episode will change how...
The powerful idea behind Ron Lynch’s “$1,000 Cup of Coffee” and why charging for your time can dramatically shift how people perceive and apply your advice. Whether you're building your brand or guarding your time, this episode will change how you think about value and influence.
Here’s a glance at what you’ll discover in this episode:
- 💰 Ron Lynch’s $1,000 Cup of Coffee – How charging for coffee meetings transformed his business and filtered serious people from time-wasters.
- 🔄 The Psychology of Paying – Why people value advice more when they pay for it, and how generosity without boundaries leads to burnout.
- ✋ How to Say “No” Without Feeling Like a Jerk – Tools for protecting your time, avoiding awkward meetings, and maintaining your energy.
- ⚙️ The Power of Positioning – Lessons from luxury dining, business consulting, and pricing perception that change how you show up.
- 🔍 VCR Formula: Vision, Capability, Reach – Dean Jackson’s simple yet powerful framework to turn connections into business breakthroughs.
- 📚 Why Giving Away Free Stuff Doesn’t Work (Even When It’s Awesome) – The hard truths about free advice in addiction recovery and business.
- 🎯 Creating Impact Through Distribution – Joe’s story of going viral (on accident) and why reach is often more powerful than expertise.
If you’d like to join world-renowned Entrepreneurs at the next Genius Network® Event – then apply today for your invitation to attend at https://geniusnetwork.com.
Show Notes:
The $1,000 Cup of Coffee (Ron Lynch Concept)
- If someone wants to “pick your brain,” charge them for it.
- Ron Lynch started charging $1,000 for coffee meetings to filter out time-wasters and elevate perceived value.
- The shift in positioning changed the quality and seriousness of conversations.
Pay to Play = Pay Attention
- “If they don’t pay, they don’t pay attention.”
- People treat free advice like background noise, but a financial investment creates commitment.
- Genius Recovery and Genius Network donations ($5K+ sessions with Evan Carmichael) led to real transformations.
How to Filter Requests Without Feeling Like a Jerk
- “We should do lunch” → “How about now?”
- Avoid vague commitments. Either commit or say no clearly.
- Saying “no” kindly can protect your time and prevent future resentment.
Relationships Over Transactions
- Genius Network is about solving real problems, not pitching.
- The best clients are rarely the ones who pay the least.
- Focus on the long-term relationship, not short-term money grabs.
The ROI of Action
- Mike Koenigs implemented the $1K virtual coffee strategy on the spot—resulted in multiple six-figure deals.
- Lessons from Strategic Coach, Dean Jackson, and others: great ideas are everywhere, but few act.
Resources:
- VCR Formula – Dean Jackson
More on Dean Jackson’s Concepts - Who Not How – Concept by Dean Jackson (Popularized by Dan Sullivan & Ben Hardy)
Buy the Book - What's In It For Them? – Joe Polish
joesfreebook.com - Fast Food Nation – Eric Schlosser
Buy on Amazon - I Love Marketing Podcast (Joe Polish & Dean Jackson)
ILoveMarketing.com