If you aren’t making money from your products or services, then you currently have a hobby, not a business – YET.
In this blog post, we are covering why people aren’t spending money with you & what you can do about it.
If this is helpful for you, be sure to share it with your ambitious friends so they also can continue learning how to improve their life & business!
Ready to learn why people aren’t spending money on your products of services? Keep reading!
I cannot emphasize this upcoming point enough…
People are not afraid of spending money. They are afraid of wasting money.
Think about it this way…
If someone has an extra $200, they’re going to be spending it somewhere.
I would argue that the majority of the time, the average person is going to spend that money in the same, familiar place that they spent it the last time.
This could be why you see people consistently go back to Starbucks or to their favorite store. They are comfortable spending their hard earned money there because it has become a familiar place!
If you were to suggest to a person like this that they should take that said $200 this week & invest it into a social media manager, business coach, personal training sessions, monogrammed apparel (ex…) they start to get overwhelmed & anxious because taking that money & spending it in a new place is intimidating!
They start to wonder…
“Will this be wasting my money?”
“Am I going to get results?”
“Will this bring me happiness like the usual thing?”
This could be why people get cold feet about buying a product or service from you!
They are going to spend the money, no question about it.
It’s just where are they going to spend it & are they afraid of wasting it?
So as the business owner, your responsibility is to convince that ideal customer or client why they should transition their money & give it to you. Why they shouldn’t spend it on Starbucks or at their favorite store & spend it on your products or services instead.
You have to create trust & confidence that you can deliver positive results to them!
The more confident you are as the business owner with what you’re selling, the more confident your ideal customer or client will be with exchanging their hard-earned money for your product or service!
Here’s a powerful question to reflect on…
“How can you expect your ideal customer or client to trust you, if you don’t trust yourself?”
How can you expect your ideal customer or client to believe in your product or service if you don’t believe in your product or service?
You have to have the belief, confidence & trust with who you are & what you do if you want someone else to experience those feelings about your business too.
The content that you produce, how you write your copy, how often you pitch yourself, the people you introduce yourself to – ALL of this is easily affected by your own belief as a business owner in what you’re offering the world.
Nothing, in life or business, will affect our progress more than a negative mindset.
Keep this in mind this week & work on creating a strong belief in who you are & what you offer.
I hope you found this super valuable.
Be sure to share the post so the advice can reach more ambitious individuals!