Episode 2
Monetize Your Adversity?
We all want to monetize our authority and the genius that is innate to us - it’s a no-brainer, right? But what about adversity? Why does it seem socially unacceptable to use our stories of adversity in our sales and marketing?
Before I decided to do my TEDx talk, I knew there would be people who would judge me for talking about my experience with losing my son. Or, maybe it was my own fear saying that.
In this episode, I’ll explore:
- Why it’s important to share your adversity
- Why monetization seems like a dirty word
- Separating the emotion from money
- How we use adversity to propel you forward
People buy from humans. Your clients are humans. When we connect to each other’s humanity, everyone is richer for it. Money in the hands of good people makes the world a better place.
Everyone has authority. Your authority matters! www.monetizeyourauthority.com
Facebook group: https://www.facebook.com/groups/profitablehappyceo
IG: https://www.instagram.com/carrie_e_koh/
Music credit: Like We Do It by Grace Mesa
A Podcast Launch Bestie production
Transcript
Hello friends.
Carrie Koh:Let's talk about the elephant in the room.
Carrie Koh:Should you, do you monetize adversity?
Carrie Koh:You know, I have a tagline in my business that is Monetize your authority because
Carrie Koh:I truly believe that for professional women, for women of experience like
Carrie Koh:you and I, our authority is the thing that matters and we should.
Carrie Koh:Monetize it because when we go out into this world and monetize that thing that
Carrie Koh:is innate to us, we create a better life for ourselves, but most importantly, more
Carrie Koh:inspiration and a better life for others.
Carrie Koh:But what about adversity?
Carrie Koh:You know, we've all been through some stuff, right?
Carrie Koh:But is it socially acceptable to share that adversity?
Carrie Koh:In your business should you actually monetize it?
Carrie Koh:That's what we're gonna talk about today.
Carrie Koh:And the fact of the matter is people do it every day and you get to decide, and
Carrie Koh:this is a question that I faced very early on in my business and it was a very
Carrie Koh:important question that I asked before I stepped on the TEDx stage because the
Carrie Koh:fact of the matter is, you know, when I look at those big events that happened
Carrie Koh:in my life, For sure the birth and death of my firstborn son was, you know, the
Carrie Koh:biggest adversity that I had been through.
Carrie Koh:And you know, when I think back about around that time, He was
Carrie Koh:born with a rare muscle disease.
Carrie Koh:We lived in the hospital with him for five months.
Carrie Koh:And when I say lived in the hospital, we were there 24 7.
Carrie Koh:And something happens when you don't know how long you have with someone.
Carrie Koh:I've heard this saying, love someone like they're going away or something like that.
Carrie Koh:And there is some truth to like, Holding onto something you
Carrie Koh:don't know how long you'll have.
Carrie Koh:Like that experience taught me the art of presence, like real presence, you
Carrie Koh:know, presence is like this kind of bud's word, like be present, but like truly I.
Carrie Koh:When you have no idea if this is the last day you will have with
Carrie Koh:your child, you take in every single moment, you create every single
Carrie Koh:meaningful experience that you can.
Carrie Koh:And so I'm actually very proud of the experience that we had with our son.
Carrie Koh:It was obviously very challenging.
Carrie Koh:My husband and I saw different parts of each other that we were able to rely on.
Carrie Koh:We had laughter, we had joy.
Carrie Koh:We had moments that, all the care providers would come in and say,
Carrie Koh:what are you guys doing today?
Carrie Koh:We had little parties in his room because, you know what?
Carrie Koh:You have to celebrate life, not impending death.
Carrie Koh:so we really took a unique approach to.
Carrie Koh:My son and I had a choice to make.
Carrie Koh:Is this something that I talk about?
Carrie Koh:And, before I decided to do a TEDx talk, I had to kind of wrestle with
Carrie Koh:this question because I knew that there would be people who would judge me.
Carrie Koh:I knew that there would be people who would say, oh, well you're just using that
Carrie Koh:experience to, you know, make money and.
Carrie Koh:It was something that, you know now in hindsight, that was probably
Carrie Koh:my own judgment, my own fear.
Carrie Koh:I don't think that really anyone was saying that, but the way that I looked
Carrie Koh:at this was, I do believe that we experience something that is unique
Carrie Koh:and think, hopefully no one else will.
Carrie Koh:Will experience that thing.
Carrie Koh:But I think that there's always lessons to be shared.
Carrie Koh:There's always different perspectives that we can provide to people once we
Carrie Koh:are through it and have that hindsight.
Carrie Koh:And so I did decide to talk about my story.
Carrie Koh:I did decide to quote monetize it.
Carrie Koh:Right?
Carrie Koh:and so.
Carrie Koh:Here's why I think that you all should consider the same, because
Carrie Koh:first of all, let's look at the definition of monetization.
Carrie Koh:It's really to convert something into money.
Carrie Koh:Now, when we think about that something, and it's one of the hardest
Carrie Koh:things you've ever gone through, maybe a diagnosis, death of a loved
Carrie Koh:one, maybe a life-changing accident, like should you monetize that?
Carrie Koh:You know, and it's, really like obviously a personal decision, but when
Carrie Koh:we put so much weight on monetization, like it's a bad thing, right?
Carrie Koh:Like there's many stories attached to money.
Carrie Koh:Like money is evil, you know, rich people are assholes, like all of these things.
Carrie Koh:But it's like, That's actually not true.
Carrie Koh:Money is just a neutral state.
Carrie Koh:Money is something that affords you to create a bigger impact to create
Carrie Koh:something bigger than ourselves to make the world a better place.
Carrie Koh:So why would that be bad to use our lessons from some of the
Carrie Koh:hardest things that we've been through to help other people?
Carrie Koh:Like, I just don't see that as a bad thing.
Carrie Koh:And so, you know, if we can neutralize this and look at this from a standpoint
Carrie Koh:of like, let's, let's look at like the less emotional, place from this, right?
Carrie Koh:Because adversity happens to everyone big and small.
Carrie Koh:Like you can get a flat tire on the side of the road on the way to a big meeting.
Carrie Koh:Uh, we've all had a failed launch, right?
Carrie Koh:We've all had a, really difficult client situation.
Carrie Koh:And the fact of the matter is adversity is a marketing tactic, right?
Carrie Koh:Like I just told this story.
Carrie Koh:to my clients about an experience that my husband and I had at our school auction.
Carrie Koh:And when you think about storytelling, the power of storytelling is
Carrie Koh:telling real life stories the ordinary that become extraordinary.
Carrie Koh:Sometimes those stories are extraordinary stories of adversity, but
Carrie Koh:that's how we continue a mission is.
Carrie Koh:Through storytelling.
Carrie Koh:That's how we, build our audience.
Carrie Koh:That's how we really create a movement is through storytelling.
Carrie Koh:So if those stories happen to be about adversity, that
Carrie Koh:is 100% a marketing tactic.
Carrie Koh:And so, an example of this is when we were at this auction, I was up at the
Carrie Koh:bar and I was getting a drink and I was talking to my friend and the live
Carrie Koh:auction was going on, and I go back to our table and I literally sit down to
Carrie Koh:this scene that is like etched in my mind.
Carrie Koh:The auctioneer standing over my husband saying, sold for
Carrie Koh:thousands and thousands of dollars.
Carrie Koh:For something that was not worth thousands and thousands of dollars.
Carrie Koh:And I looked at my husband, I was like, what did we just buy?
Carrie Koh:He's like a parking spot.
Carrie Koh:And I was like, you know, we can park for free, right?
Carrie Koh:He's like, it's for the children.
Carrie Koh:And so we're like, okay.
Carrie Koh:You know, we go on with the auction.
Carrie Koh:We have an amazing night.
Carrie Koh:And I woke up the next morning in this moment of panic, I was like, oh my
Carrie Koh:God, oh my God, what did we just do?
Carrie Koh:What did we just spend thousands of dollars on?
Carrie Koh:And then I realized it's just money.
Carrie Koh:We have the ability to make unlimited amounts of money.
Carrie Koh:Both my husband and I have the skillset and the mindset to bring
Carrie Koh:in revenue into our lives with ease.
Carrie Koh:And so that story became this lesson on money mindset and the progress that I
Carrie Koh:have made around really allowing myself to spend money as well as receive money.
Carrie Koh:And so when I told this story, To my clients, it became a lesson
Carrie Koh:of, you know, how we view money and how we view our ability.
Carrie Koh:So that's just an example of like, is that really adversity?
Carrie Koh:No.
Carrie Koh:But when we look at adversity from this place of like, okay, like
Carrie Koh:that's something that happened that felt like adversity in the moment.
Carrie Koh:Then it's not that big a deal to use it in our business, but we have so
Carrie Koh:much judgment around the big stuff.
Carrie Koh:We have so much judgment around, you know, when something bad happens, how we each
Carrie Koh:should behave, what is expected of us.
Carrie Koh:But here's the thing, monetization, as long as it's in alignment
Carrie Koh:with your core values and is.
Carrie Koh:Really there to drive forward a mission when it's based on a positive intention.
Carrie Koh:It could never be wrong.
Carrie Koh:And the fact of the matter is people buy with emotion and
Carrie Koh:they justify it with logic.
Carrie Koh:Think of the last big purchase you made.
Carrie Koh:Did you like want it so bad because maybe you love the way you felt in this
Carrie Koh:new dress or, or maybe like you sat in this car, you're like, Oh my God.
Carrie Koh:I can imagine myself driving up through this mountain pass and feeling the
Carrie Koh:breeze and just like loving life.
Carrie Koh:And then you're like, and it makes practical sense because it gets
Carrie Koh:really good gas mileage, right?
Carrie Koh:So without that emotion, we create an impact.
Carrie Koh:And I learned this the first time I told the story about my son, I was presenting
Carrie Koh:to a group of about 50 physicians and I told a story about a moment in time
Carrie Koh:with my son when we opened this box and it was filled, but we thought was like
Carrie Koh:confetti or something, but we looked closer and it was filled with, a thousand.
Carrie Koh:We didn't know the number at the time, but a thousand.
Carrie Koh:Origami paper cranes that were folded, hand folded by my
Carrie Koh:husband's family in Singapore.
Carrie Koh:And with each little crane, they had set a prayer for my son and it was this moment,
Carrie Koh:the most meaningful moment that we had.
Carrie Koh:And we surrounded, we dumped all of these cranes into his, crib,
Carrie Koh:his little incubator, and we had these amazing photos with him.
Carrie Koh:And these cranes.
Carrie Koh:It was just like this representation of him being surrounded by, just love and
Carrie Koh:prayer and like his impact was beyond God.
Carrie Koh:I'm gonna like cry just thinking about this.
Carrie Koh:His impact was beyond this little NICU room.
Carrie Koh:And when I got done with that keynote, there was a line of physicians
Carrie Koh:wanting to talk to me and saying, thank you for humanizing this
Carrie Koh:leadership thing that we're doing, because my talk was on leadership.
Carrie Koh:And it allowed them to be vulnerable.
Carrie Koh:It allowed them to be human.
Carrie Koh:And I got invited to three different hospitals to help them
Carrie Koh:in their leadership programs.
Carrie Koh:So was that me monetizing my son's experience?
Carrie Koh:I mean, at the surface I guess it was.
Carrie Koh:Right.
Carrie Koh:And did it open up?
Carrie Koh:Amazing conversation for people.
Carrie Koh:Did it allow me to touch more people in my mission?
Carrie Koh:100%.
Carrie Koh:So, we gotta get rid of this self-judgment we put on adversity.
Carrie Koh:And it's a choice, right?
Carrie Koh:Like adversity, 100%.
Carrie Koh:How we use it in our lives, what we make it mean.
Carrie Koh:It is 100% your choice because the fact of the matter is like right
Carrie Koh:now, someone's looking to you for inspiration and you get to choose.
Carrie Koh:You get to consider what it takes to build a business and how you
Carrie Koh:want to build a business, and I want you to remember this one thing.
Carrie Koh:People buy from humans.
Carrie Koh:We are all part of this human experience.
Carrie Koh:And when we open up the truth, when we open up the door to see a little bit more
Carrie Koh:into ourselves, that allows and gives other people permission to do the same.
Carrie Koh:And even for you who are selling to organizations, you know, this
Carrie Koh:business to business, it's a human making the buying decision.
Carrie Koh:Human to human is what matters when we are creating more impact.
Carrie Koh:So don't be afraid to share your truth.
Carrie Koh:Monetization of your adversity is not bad.
Carrie Koh:It's not evil.
Carrie Koh:It is the path to do good money in the hands of good people