There’s a consensus among a lot of speakers: Don’t speak for free.
Many think speaking without getting paid is like giving your product away for free. Others think it’s unfair. Some even think accepting free gigs can hurt the speaking industry as a whole and devalue public speaking as a career.
Other speakers see it as a rite of passage: It’s how you pay your dues when you’re starting out in the industry. But they also think that once you’ve established yourself as a speaker, you should never go back to the dark days of doing free gigs.
I get it. The idea of speaking for free can feel surprising, shocking, or even insulting. But it’s not a snub, it’s actually smart business that can help you get paid what you’re worth. And speaking for free can lead to valuable opportunities, connections, and leads.
How to Assess the Value of Free Gigs
Speaking, like any other business, product, or service transaction, is a value exchange. What you offer your event organizers and audiences and what you receive should be equitable and fair.
But what you get in return doesn’t have to be cold, hard cash. Value is much more than that.
Just take the Super Bowl halftime show for example. Did you know that no one gets paid to do the Super Bowl halftime show? Not Kendrick Lamar, not Coldplay, not U2, not even Michael Jackson.
So why do huge artists perform for a stadium packed with fans and over one hundred million live viewers without getting paid? Well, they’re all willing to do it for free because it’s immensely valuable to be the Super Bowl halftime-show performer. The value comes in the form of prestige, recognition, future album sales, and massive exposure to a huge, worldwide audience.
It’s probably the most sought-after free gig in the world, precisely because it is so valuable to artists.
When you consider the value you get out of any given event with this new perspective, you might realize that speaking for free isn’t so bad after all. In fact, it can often be highly beneficial to you, the speaker. Especially if you speak in exchange for:
- Access to an audience with a high-referral potential.
- The opportunity to branch into a valuable new fractal.
- Putting in more reps to improve and iterate your speech.
- The opportunity to add a prestigious brand to your client list or website.
- An impressive speaker video at an iconic or beautiful venue.
- Solidifying a relationship with a longtime client in the form of a generous favor.
When it comes to deciding whether to take a free gig or not, you can use the Three P’s: passion, politics, or profit. Consider taking free gigs when you're deeply connected to the organization’s mission in a meaningful way, when it’s good for your reputation or business relationships, and when it’s profitable to you. We dive more into this and other savvy speaking-business strategies in GRAD | Speaking Business Mastery.
There are lots of ways to exchange value without talking about money. And, surprisingly enough, some of them might just be more valuable than your speaking fee. Keynote speaker Andrew Davis once shared that many years ago he did a free breakout session that, through stageside leads and referrals, earned him $342,000 in revenue over the following years.