Pre-orders for The Music Entrepreneur Code will open soon. Get on the waiting list to access insider content and get a head start on cracking the code.
That is the Reader’s Digest version of The Law of Compensation. My experience would confirm that it is a sound principle, but it does require a degree of faith. It also necessitates quite a bit of persistence.
After all, adding value to others and solving problems and serving a niche is often thankless, behind-the-scenes work. That doesn’t mean that it isn’t fulfilling, nor does it mean that it won’t eventually propel you into the consciousness of more people. However, you might have to grind it out to get there.
After all, Jesus said:
The great among you must be a servant. (Matthew 23:11)
So, let’s explore The Law of Compensation in greater depth. The insights contained within this post were downloaded into my mind when I recently woke up in the middle of the night, so I’m not sure how reliable they are, but a lot of it makes sense to me; at least experientially.
Here are six laws that are foundational to The Law of Compensation:
1. The Law of Value & Service
In other words, it isn’t just about blindly adding value to people. It’s about adding the right kind of value to people.
Do people truly benefit from handouts? Do they learn from success that is given to them? Are they grateful for things that fall into their lap?
Everybody enjoys a windfall from time to time, but if life was all up, we’d never appreciate the ups. In short, value and service is about people development. If you can help people rise above their challenges, you are being of service to them.
2. The Law of Delay
For whatever reason, the rewards for value creation don’t come right away. This is why so many people give up helping and serving others prematurely. They don’t see the results they’re looking for, so they assume The Law of Compensation simply doesn’t work.
From the end of December 2013 to March 2014, I encountered a whole series of events that appeared to be negative. However, in the last few weeks, I have seen my life turn around in amazing ways.
I bought a nice a car on the cheap. I’ve been offered a variety of blogging gigs and substitute teaching opportunities. I’ve taken on a home recording client. I’ve met some amazing people within the music industry. I may be speaking at an upcoming music event.
At first, I thought it was simply because I had gotten my spiritual life in order. While that probably does play a part, one of my mentors helped me to understand that the rewards are coming because I’ve been doing the right things long enough consistently.
I don’t know if I had to work my way out of a spiritual deficit (maybe I spent too much time taking instead of giving to the world) to get to where I am, or if I finally found the right niche, but either way, there was a delay, and the only way through it was through it.
3. The Law of Increasing Returns
The Law of Increasing Returns states that the value you add to the world will be multiplied back to you. It doesn’t merely come back to you.
This makes sense to me, because I have been humbled over and over again by the fact that I cannot produce anything on my own. I have tried many times to make things happen in my own strength, but rarely if ever did those endeavors prove fruitful.
Incidentally, I did not strive to get the blessings I mentioned earlier. They came knocking on my door.
Did I stay steady? Yes. Did I stay consistent? Yes. Did I fight the temptation to give up? Yes.
However, blessings are blessings because they haven’t been striven for. I cannot take credit for them, though I do receive them with gratitude. Gratitude could be a whole other Law unto itself.
4. The Law of Momentum
When I think of momentum, I often think of Zig Ziglar’s water pump analogy. Here’s Zig himself telling the story:
If you don’t pump the pump for long enough, you won’t get any water. If you give up midway, you will have to start all over again.
It takes time to build momentum. Even if everything inside you tells you to stop, you have to keep going.
5. The Law of Gifting & Ability
I was planning on leaving teaching behind, and now I am back in the lesson room. I was planning on selling my studio, and now I am taking on clients again. I was planning on building my reputation as a writer through many blogs, and now I am primarily concerned with growing DAWCast: Music Entrepreneurship.
The blessings I mentioned earlier could have come in a variety of different ways. I have multiple blogs and websites. I have multiple businesses. However, the rewards came to me in a specific field of endeavor; namely music.
In other words, when you begin to see the ‘increasing returns’, they may not come to you in the way that you expect them to. Notwithstanding, they will be connected to your strengths and ability as an individual.
Or, for those who believe that they were created for a specific purpose, the rewards will be connected to your destiny and ultimately your legacy.
6. The Law of Consistency
Value creation is not a one-time activity. Many of us give to charities at Christmastime or celebrate friends and family members once a year, but very few of us do this consistently. We have to go against our nature if we want to be less self-serving and more others-focused.
People do remember the one-time blessings. However, what if you were to bless those same people more often? What if you weren’t driven by Holidays or annual events? What if you consistently impacted people without any prompting?
That’s how momentum is built. A lasting impact can be created through a little bit of daily effort. There’s nothing wrong with one-time events, but you will find it difficult to build momentum with them.
Put your music career on overdrive by purchasing The New Music Industry book
Don’t forget to subscribe to The New Music Industry Podcast on Apple Podcasts