Sergey
way your your clients could have a roadblock uh that I cannot raise the price for like a trailer that will be used to magnify right to amplify the entire brand but I for some reason I cannot at this point I cannot charge more than $500 and I don't know how to deal with this man because I know the value of this trailer could be two $2,000 three, four, but I just can't get over this hump.
Matt
That's that's crazy. You want to explore that? I think it's an interesting topic.
Sergey
Yeah, if you if you could.
Matt
Yeah. Well, we'll just see where it goes. And like you said, um if we make this two episodes, then we could do that. Yeah. So, in my experience, um, if there's kind of like a logical knowing but an emotional feeling, it's because those two things are, um, coming into conflict, right? So, it's like you're saying to me that logically, you know, that the trailer is super valuable, but you don't feel like you can raise your prices. Is that right?
Sergey
uh it it appears so or yes something's blocking me from from just saying this price you know I don't want to be judged I don't want to you know maybe that's an imposttor in syndrome of of a little boy living inside of me don't want to you know be rejected again but that's like stuff that I I cope with my therapist I don't want to this to be a problem in my business world you know
Matt
well unfortunately we are our business and So, one of my beliefs is that anything that shows up in that way in like a personal development therapy way is usually the tip of the iceberg for the thing that's blocking you in your business. And so, people don't necessarily want to do the therapy or they don't necessarily want to explore that because it's like, well, that's personal stuff. How does it relate to my business? But all the decisions that you're making right now, how much money you charge, who you hire, what you spend your time on, they are all dictated by you.
Sergey
So the quality of my life is the is the direct result of my choices, right? Nothing's like I understand that it's not that black and white. It's not that easy, you know? I I bet a lot of people say this to you, but it's not that easy. It's not that such an easy fix. I I can't just raise my prices to 4x.
Sergey
Uh cuz I'm going to lose my existing clients who got used to Yeah.
Matt
So, the fear underneath is that I'm going to lose my existing clients.
Sergey
Yes. Yes, sir. Okay.
Matt
So, there's a couple of ways we can deal with that, right? There's the emotional way, which is a slightly longer conversation and a slightly more therapeutic conversation, but then there's also the logical way. So, what would you ideally love to be charging for that? If if there was no fear, there was no resistance, what would be the number that you would ideally love to be charging for that trailer that you would feel really good about and that you would feel that would really represent the value that you're potentially bringing to that client?
Sergey
to hire the best people who take ownership, who we brainstorm as partner with. Like these people cost a lot. I think I would love to charge maybe $2,000 per trailer.
Matt
Okay. So, $2,000 per trailer, right? So, you're going to go from 500 to 2,000. So, I'm just getting my phone cuz I'm just I want to do some actual maths on this. Right? So let's say you have 10 clients who are paying you 500 per trailer. That's five grand.
Matt
So if you raised your prices to 2K, how many clients realistically do you think you would lose?
Sergey
This is going to be a tough conversation. I I don't know how many I'm going to lose.
Matt
Okay. So we don't actually know how many we're going to lose, right? So, what you're actually afraid of is having the tough conversation. And what you just told me earlier was that you don't want to be rejected. So, I don't think you're actually afraid of the tough conversation. I think you're afraid of having the conversation and them saying, "Oh, that's too expensive. Sorry, we can't afford that."
Sergey
And I know I know Chris says Chris Doh says that we are the price. in the one of the recent videos he said like clients is like we should treat ourselves with respect but there's always this um fear of losing what you have already and unless you have a constant inflow of clients right doing something like that and increasing your prices like to two times I mean could be not a great great idea
Matt
yeah 100% so our brain is very good at trying to logic our way out of this conundrum, right? And so what you just did there is you went and you created a narrative and you justified with your logical thinking why it's not a good decision.
Matt
Which avoided the feeling of rejection cuz your body goes, I don't want to feel that. So, I'm gonna say something clever to make Matt go on a different route to talk about the logic of pricing rather than actually experiencing the feeling. Am I right?
Sergey
Uh, yeah, you are right. You are right. That's exactly right.
Matt
So, the the real breakthrough for you, Sergey, and in like not the cool thing about this is when you break through this block, it will change so many different areas of your life. So I just going to ask you now and I just want you to tell me whatever comes to your mind. If I asked you this fear of rejection, this fear of uncomfortable conversations, where else does this show up in your life?
Sergey
H Matt, I don't want to go that that path. I think it's it's really therapeutical uh more than anything else at this point. There are there are yeah there are there are places where it shows up I think in my relationships with uh with someone who I respect or or it rings the bell of you know previous rejections. So yeah, I for me uh my clients I work predominantly with men and uh I lost a couple of men in my life and I lost the respect of a couple of male figures in my life and now I really worry to lose the respect of other you know and and now since I work with men they kind of respect me and you know the current pricing is the part of the deal and maybe I just don't want to lose their respect. because in their in them I see other male figures who I who I was um ignored by or disrespected by. So you see it it it's it's difficult, man. I I
Matt
I'm not sure it's not difficult for me. It's difficult for you and I appreciate you being vulnerable and I appreciate you sharing that cuz that's not easy to necessarily admit and especially on your own podcast, right? So So it takes a lot of courage, right? And what you're doing right now is courageous.
Sergey
Thank you. Thank you.
Matt
And I mean that. I really, really mean that. I'm not just saying that to blow smoke up your ass. Like you, what you're doing right now is courageous because you're facing what I believe is a childhood wound of some kind.
Matt
when you don't have to lost the respect from those people that you admired created a significant emotional response in your body and your body stored that emotional response and your nervous system stored that emotional response and it stored it as danger as if this happens to me there is something bad that's going to come as a result of if I lose this person's respect, I will be out on my own. I won't be loved. All of these things, right? So, I totally get it. It's not It's not difficult. It's not confusing, but it is for you.
Matt
My question to you is if you were able to overcome this and this no longer affected you in any way, what do you think would be possible on the other side of that?
Sergey
I mean, I'd achieve my goals much faster, you know, financial goals, well-being goals. Mhm. That probably reach new um levels of selfrespect, you know, because when your work is paid uh handsomely, you know, and it's paid for what really the according to the value that you bring. I mean, I think you start respecting yourself even more, you know, and treating yourself, you know, showing up with more confidence. So I think that will that will really affect more areas of my life than just than just than just business.
Matt
Yeah. And if you respected yourself more and therefore showed up with more confidence, do you think people men in particular would respect you more or less?
Sergey
Yeah. I think I think the I think that uh I think that uh men actually would respect me for you know uh standing on my ground or or what is this phrase in English? Yeah, this is not the first line. Yeah, but I think they would respect me being firm and protecting you know uh my value. So yeah, that makes sense. Makes sense.
Matt
Yeah. Right. And so what's interesting about a lot of these patterns that we all have by the way this isn't a you thing. This is we all have this. It's just whether you have the courage to acknowledge it and face it. Right? So the interesting thing about a lot of these patterns is they don't actually make sense. Our brain logically knows that if we were willing to have uncomfortable conversations and we were willing to charge more money and we were willing to respect ourselves more and do those things because we respect ourselves then we would actually get more respect not less.
Matt
But the pattern emotionally says this thing happened to me and I acted this way and because I acted this way those people lost respect for me so I must never act that way again. So therefore emotionally we can't allow ourselves to do the thing that we believe led to the outcome that we didn't want. But as an adult you know that that's not true.
Sergey
True. That is true. And if we're going to publish this as like a break breakdown, like a coaching session, Matt,
Matt
why not, man? But here's the thing. What the reason I said what you're doing is courageous right now is because I guarantee there