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Your time does not have a very "direct" dollar amount, this is false.
by Zetice 3y ago
Your time does not have a very "direct" dollar amount, this is false.
- ses1984 3y ago“How much would it cost for me to pay someone to do this?” is pretty close. So is “how much could I earn in the same amount of time if I did something else?” It may not be strictly direct but it sets bounds around the value of your time. You could do cold outreach, or you could put yourself out on Uber or task rabbit and then put that money towards an ad campaign.
- Zetice 3y agoThis presumes falsely that you can come up with accurate numbers for those questions, or that the overhead involved in managing people is then quantifiable concretely. ...it also presumes that any of that is actually realistic; I wonder what TaskRabbit's ToS is like re: confidentiality, for example. "Hey TaskRabbit, pls develop my marketing strategy for my stealth startup, thanks!"
- ses1984 3y agoYou’re making it way more complicated than it needs to be. I wasn’t suggesting to use taskrabbit for marketing strategy. I was suggesting you look at the taskrabbit rate for a handyman and consider that something like the price floor for your hourly rate. That or Uber driving. Can you net $20/hr driving Uber? Ok, then you can drive Uber for 7 hours and then spend 2hr allocating that money to google ads. That’s the lower bound alternative to doing cold outreach.
- Zetice 3y agoThis is an abjectly terrible way to estimate the value of your time, for the reasons I already outlined, among many others.
- ses1984 3y agoI’m looking in the thread for your reasons and so far I can see accuracy of estimation and managing people as reasons. You don’t need high accuracy to set bounds, and I don’t see how managing people is a factor. It seems to me like the reasons you gave were based on your misunderstanding of the idea. Maybe it is an abjectly terrible way to estimate the value of your time. Estimating the cost to send an email to be zero is worse.
- Zetice 3y agoDuring your review of previous comments, did you observe the context in which "cost" is discussed? Was it in amorphous "value of your time" concepts or was it in concrete, "This cost 1.5 million dollars that we paid to a company"? What you'll find is that the "cost" reference is to a payment made, not to an estimation of time value. In this sense, "sending an email" does cost $0.00, as you can do it without paying, for example, Google.