Why You Shouldn't Always Charge to Speak and WriteDoing the work for exposure is how you command a big fee later.

ByJosh Steimle

Opinions expressed by Entrepreneur contributors are their own.

Thiemi Higashi | EyeEm | Getty Images

Economists like to say there's no such thing as a free lunch. Everything has a cost. A high-profile thought leader I recently attempted to recruit formy virtual summitfor aspiring thought leaders knows this. When I asked him to speak without any pay his response was:

No pay, no play. I do not participate without payment. All my best.

This speaker wanted $5,000. He knows there's no free lunch, and if he's going to buy his own lunch, he can't be giving away free lunches. He's not the first to reject my offer. Another potential speaker wanted a $15,000 fee. Yet another asked that I buy 250 copies of his new book. I even havefriendswho rejected this opportunity.

They're making a mistake.

At least there's a good chance they are. Youshould说写免费——在适当的环stances. I don't blame those who have said no. I blame myself. I haven't made the case well enough for them to understand that while I'm not paying a speaker fee, they most certainlywill get paid. How? Through a currency called "exposure."

It's become a dirty word for professionals such as designers, writers and speakers. Many unscrupulous individuals have taken advantage of them to get free work and give nothing in return. It's not that exposure has no value. It's that professionals feel ripped off when those "exposure bucks" aren't delivered. In other words, exposure is worth something only if there's actual exposure. Giving exposure a bad rap because you didn't get it when you should have is like dissing money when you should have received cash but never got paid. Don't blame the form of payment; blame the guy who never paid you!

Related:10 Tips to Negotiate Like a Boss

Can exposure pay? Absolutely!

Gary Vaynerchuk's YouTube channelhas 808,658 subscribers. Each week, he gives away hour upon hour of content for free. Every once in a while, he publishes book and asks his followers to spend $10 to buy a copy. Every title becomes an instant best seller.

Oprah Winfrey gained fame through her TV show -- which was broadcast on a free channel. Her viewers never paid a cent for that content. She's worth $3.1 billion.

Related:How to Find Your Purpose, Your Audience and Your Voice

"Oh, sure Josh," you're thinking, "but those people are on a different level. What about normal, little ol' me?"

It works for us, too. In 2013, I started writing for various business publications --狗万官方included -- for free. Those articles have generated more than $5 million in revenue for my marketing agency, landed a book deal, launched a second company and earned me paid speaking and consulting jobs around the world. I've been paid directly for only two of the more than 300 articles I've written, and I would have done those for free (but they waived money in my face, so I took it).

I don't do any of this writing for free. Vaynerchuk, Winfrey, and I are all getting paid -- just not necessarily by whom you mightthinkshould be writing the checks. We're taking the long view and looking at the big picture rather than focusing on the here and now.

This year, I'll speak at events around the world. Some event organizers will pay me, some won't. Regardless, I'll get paid. The exposure might sell copies of my book, tickets for my events or seats in my courses. It could lead to other, paid speaking engagements. While on location at an unpaid event, I even could set up consulting sessions to train teams on digital marketing or public relations. That could land a client or two for my agency. I'll build my personal brand and get some video I can use to market myself further. How short-sighted would it be for me to make my decision based on whether or not the event pays me a speaking fee?

Related:10 Tips on How to Become a Thought Leader

A personal decision.

I'm not disrespecting anyone who tells me he or she can't speak without getting paid. Maybe the friend I mentioned above is in great demand and has more work than he can handle. In that case, why wouldn't he choose the gig that offers exposure plus pay?

Everyone must manage the details of her or his own life. But I encourage you to ask yourself three questions the next time you're offered "exposure bucks" as payment:

  1. What is the promised value of the exposure?
  2. How likely is that value to be delivered?
  3. How can I create more value from this opportunity, beyond what is being promised?

Look beyond the short-term, immediate gain, and you may find some diamonds as you travel on your influencer journey.

Related:8 Master Tips on How to Get Paid for Public Speaking

Wavy Line
Josh Steimle

Speaker, writer and entrepreneur

Josh Steimle is the Wall Street Journal and USA Today bestselling author of "60 Days to LinkedIn Mastery" and the host of "The Published Author Podcast," which teaches entrepreneurs how to write books they can leverage to grow their businesses.

Editor's Pick

Related Topics

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Data & Recovery

Get 1TB of Cloud Storage for Life for $119.97 With This Back-to-School Sale

This 1TB Cloud Storage Solution Is Only $119.97 for Back to School

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.