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When I was 18, I bought my first high-priced program. Before taking the leap of faith, I was very skeptical about dropping $2,000 on a Online course. It was a lot of money for me at the time. I could have invested that in savings, money to start a business, and many other use cases.
Before I retired, I remember reading a few months ago how the money would always come back. It may not come back immediately, but it does eventually come with work. After thinking about it for a few minutes, I said “go ahead”, and took the plunge. I went in with the mindset that I would never see that $2,000 again, but something interesting happened. Here is what I noticed.
Related: Are free online courses worth the time and effort?
1. It forces you to put in the work
When you get something for free or pay a small amount, you won’t appreciate it. Because you don’t like it, you will often forget it and not use it. In the past, I used to store tons of eBooks and YouTube video bookmark tabs full of useful information, but I haven’t used them yet. They were full of value, but I had to value them more in order to devote more time and attention to them.
When you pay a lot of money for something, you get into the idea of at least breaking even. If you can earn at least $1 with the new system or service you purchased, all you have to do is rinse and repeat the process. Before you know it, you’ll see a return on your investment.
Paying a high price for a service or product forces you to put in enough upfront work to start seeing results.
2. You can work your way into a high-level community
When I first purchased my first high-priced program, I quickly realized that everyone in that program had similar mindsets and had achieved something great in the past career-wise. I have people in my network that match these criteria, but finding them is difficult. Buying my place in a community instantly allowed me to tap into a pool of high-level individuals.
I accidentally discovered the power of buying in high profile communities a few years ago. I was meeting a friend in a house. As I walked into the neighborhood, I noticed that everyone in this neighborhood was very well off. Once I got to where I needed to be, I was told that the neighbor on the right was the CEO of the house of Delta.
Growing up, I always thought buying expensive cars and houses was a waste of money, but they are great tools for buying in specific communities. These particular communities make it easy to meet high-level personalities.
3. You learn a new set of skills that will help you in future endeavors
Even if you don’t make money immediately with the new knowledge you have acquired, you now have a valuable skills under your belt. Stacking skill sets is important because it prepares you for opportunities that may arise in the future.
You’ve probably heard the phrase “Why pay X dollars for this when you can just find the same information online for free”. While that’s true, there’s something powerful about making a large initial investment. Not only will this allow you to tap into valuable communities, but this investment will require you to learn a new skill. This newly acquired skill could make or break your career in the future.
Whenever I consider buying a new high-priced course, I always wonder if it will help me learn a new skill or reinforce an existing skillI am mine. Here’s a list of expensive programs I’ve purchased in the past and the specific skills I’ve learned from each:
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Create a high priced course
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How to sell anything, both low and high ticket
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Credit card hacking and leverage
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Sell on social networks
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Create and develop a SaaS
Related: 15 of the Best and Quirkiest Online Courses for Entrepreneurs
There is a lot of free information on the internet. I could have easily learned these skills with a lot of trial and error, but buying a high-priced program allowed me to learn these skills even faster.
Before make a significant investment, be sure to do your research. There are scams. But once you’ve found the right high-priced program/service that fits your goals, jump in. Spending a lot of money can be daunting, but as long as the program you sign up for matches your goals and vision, you’ll definitely get what you pay for. You still have to show up and work, but you’ll be surprised what might happen.