In this presentation, the speaker outlines the hierarchy of speaking compensation, starting with the lowest tier where speakers pay to get on stage, moving through unpaid exposure gigs, and then describing four paid tiers based on the speaker’s expertise, authority, and story. The first paid tier (up to $7,000) is for knowledgeable practitioners who can teach a specific skill. The second tier ($7,000–$20,000) is for recognized category authorities with strong credentials. The top tier ($20,000–$50,000 or more) is reserved for top authorities, celebrities, or speakers with extraordinary, marketable stories, such as Captain Sully after the Hudson River landing. The speaker uses examples from his own event, ProfitCon, to illustrate quid‑pro‑quo arrangements and the value of building a speaking reel. He emphasizes that exposure‑only gigs offer little benefit unless the speaker has something to sell, and cautions listeners to assess the true return on unpaid speaking opportunities.
Chapters
I think today the lowest level of speaking, if you will, is where you pay to speak. I go to an event and say, oh, you have 1,000 people in the audience. I want to get in front of 1,000 people. I'll give you money so I can get in front of them. It's a pitch. It's a sale. When I say the lowest level, meaning I'm not saying that's necessarily a bad speaker. I would argue that's not their profession. It's not a performance for them. It's a sales pitch, but they're paying to get on stage. The next level is where you are speaking for exposure. Often you get very little or nothing. Maybe your travel compensated. That's about it. But you're hoping just to get some traction, some videotape and so forth. Be leery of of this. Many events will say, hey, we want you to speak at our event, we're not gonna pay anything, but imagine all the exposure you're gonna get. There's very little benefit unless you have something to sell from stage of getting that type of exposure. But you can build a speaking reel and get some speaking practice and experience. So I think it's worth it for that. Our own event, ProfitCon, we tell people we want you to speak here, we don't pay anything. So if you wanna build a reel and get tape, we're gonna give that to you. We get some very high-quality speakers because they're doing me a favor. They're like, Mike, I'll speak at your event, but you gotta speak at mine. So we'll do a quid pro quo. The next kind of level is up to about $7,000. What I found is an event will pay up to 7 for a speaker when it is a subject that they're interested in. The speaker has knowledge on the subject but isn't necessarily an authority. So we wanna learn about how to read income statements. You can bring in someone that has expertise in accounting and so forth to translate this, and they're willing to pay for someone with those expertise. The next level is 7 to just under 20, and that is where you are a category authority but not a celebrity necessarily. So like, oh, you're one of the leading experts. Maybe you have high-end credentials. Oh, this is someone that went to this elite school for interesting degree and they can translate financial statements and so forth. So now you bring a degree of authority, which positions the event to be a little bit stronger and, and can be an attraction point. The next level, I'd say $20,000 to $50,000. Now you are the category authority. You have extraordinary credential and you are likely to draw a degree of audience. That's the range I'm in. I'm at the higher range now asking and getting $50,000 because I have Profit First under my belt. The day before Captain Sully landed that plane on the Hudson, if he was asked to keynote, he'd probably get $7,000. He was a pilot and a darn good pilot, but he was a pilot. If someone wants to talk about safety, what to do in safety circumstances, he could have got maybe $7,000 to speak. The day he landed that plane on the Hudson, he got $50,000 to speak or more because now he has such an extraordinary story. So you don't have to have necessarily a category-defining book. That's a great way. You can have a category-defining story, something like that. Or you could be maybe someone that is a celebrity on Instagram or something like that where you're the category authority.
