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Posts tagged as “advice”

Why Spend Money for Advice Online? Everyone is Giving It Away Free!

Chris Martin 0

Note: This is the second in a series of posts about I have a good friend who spent the summer gutting and re-tiling a shower in his house. He spent dozens, if not a hundred, hours of research and work, buying new tools and all the supplies.  For him, doing the work with his own hands was worth the time and money he spent. Sure, he could have paid someone else to do the work in a weekend or two, but he’d rather do it himself! Recently I asked him if it was worth all that work, time, and money? He said he had no regrets, but “Now that I know how much work it was, I might have been better off hiring someone.” How much is your time worth? Everyone has a different threshold for the value of their time, but everyone puts SOME value on it.  There are online calculators to help you figure out a ballpark number. When you’re considering spending your hard-earned cash consulting a Sage, this is the balance you’re trying to find. Will spending money now on expert advice save you money in the long run?  If you have a problem that you could research in 40 hours, how much money would you be willing to spend to just get an answer?  How much do you earn in a week?  How much would you pay to save a work-weeks’ worth of free time? As easy as that? If only it were as easy…

What makes a good Sage?

Chris Martin 1

When you need an expert opinion, where do you turn?  How do you know who has the expertise to provide insight into your situation? Is book-learning more relevant, or do you need someone with hands-on, real-world experience? Unfortunately, there is no easy answer to these questions because of the diversity of problems that would benefit from expertise.  Think about the last time you needed help with a problem – where did you turn?  A friend?  Google or YouTube? Did you go to the library and do research? How much work did you do to verify that the sources you were looking at had the expertise you need? The fundamental problem with finding an expert on the internet is trust. It is all too easy to find an opinion on the internet but figuring out the motives and reliability of opinions – not so much.  Crowdsourcing sites have been trying to help solve this problem for a while now. The idea being that more people commenting on something will tend to get closer to an accurate answer. “The wisdom of crowds.” Search engines use algorithms to evaluate the way sites link to each other, with the theory being that the sites with the most links are the most reliable. As you could deduce, an entirely new industry has evolved around gaming these algorithms.  This makes large, established brands easy to find online.  For smaller, more niche experts and subject matters, finding someone you can trust can be daunting. On the internet, nobody…