Diane Rolston Coaching
  • Home
  • Coaching
    • Million Dollar Woman Program
    • She's Goaled: Coaching Mastermind
  • Services
    • Performance Training >
      • DynamicYou >
        • DynamicYouProgram
      • DynamicYear
    • Speaking
  • About Diane
    • Customer Reviews
  • Connect
  • Blog
  • Store
  • Success Book
  • Confidence Book
  • Be an Author

 

How Scarcity Can BLOCK or BOOST Your Wealth (Part 1)

7/7/2020

0 Comments

 
Picture
Scarcity will either block your wealth or boost your sales. It’s all in how you use scarcity in your business.

How is it that one concept can both hinder and help you? That’s what we’re going to look at over the next two weeks. In this article, I’ll share how a scarcity mindset can prevent you from reaching your full potential, then in the next post I’ll share how you can use it to boost your sales in an ethical way. 

What kind of scarcity do you struggle with?
Where do you feel scarcity in your mindset?
  • Do you feel scarcity in the amount of money you have in your business or your life?
  • Do you feel scarcity in your mindset around how many customers, clients, or potential leads you have in your business?

What is it doing to you?
  • Is the scarcity hindering you?
  • Is it blocking your wealth and your business?
  • Is that blocking your revenue and your profits?

If you have a scarcity mindset in your business, you may believe that there aren’t enough clients to go around. Not enough money for everyone. What this ends up doing is putting you in a place where you don't feel your full value because you're constantly doing these things:
​
1. You get Comparitis: You're constantly comparing yourself to others. And so, rather than focusing on yourself and staying in your lane, you start looking at what other people are doing, what they’re saying, and what they’re selling. You’re pulled into a scarcity mindset that’s distracting you from what you do well and what you really need to focus on. 
Picture
2. You get desperate: You don't feel like there are enough customers out there and to land these clients you drop your value and prices, thinking that will win you the sale. You get desperate and you think, “I’ve got to charge less for that. I can't really charge as much because there are not enough people out there. I just want people to buy in so I'm going to drop the pricing.” This thinking rarely serves you.

Before the next point, ask yourself: 
  • If you invest $1 and get $2 back, would that be worth it?
  • If you invest $1 and get $10 back, would you do it?
These two questions should have you respond with a strong “YES!” But the truth is many people are holding onto money and not investing in things that will push their business forward.

3. Your ROI (Return On Investment) with your current money is limited: Scarcity mindset also restricts your behaviour, because chances are you're going to hold onto your money tighter. If you have scarcity in your business, you're going to hesitate or refuse to invest money in working with others to move your business forward. We know that investing in support to delegate tasks or hire employees can help you move your business forward, but if you’re not willing to invest in that help and you choose to do it all yourself, you’re going to get overwhelmed quickly.

That scarcity mindset is going to have you holding on super tight to every little penny that you make and that doesn't keep the world’s economy spinning at all. You're not going to think of it as “investing”, instead you're going to think, “That costs money. I'm spending money. I'm losing money. That money is going away.”
​
So now it’s super clear how the scarcity mindset is a really great way to block your business & personal success. You’ll compare yourself to others and it will make you devalue yourself. You will block your wealth in many ways and it will lead to you not investing in yourself and your business which is crucial for growth. 

So, how can scarcity also be a good thing? I’ll cover this in the next blog.

Until then, stay dynamic!
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    I'm social, are you?

    View my profile on LinkedIn
    Picture

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    September 2017
    August 2017
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013

    Categories

    All
    Business
    Business Development
    Coaching
    Entrepreneurship
    Mentoring
    Mindset

    RSS Feed

My services

Coaching
Get Goaled! Coaching Mastermind
Talks

Privacy Policy

I respect your right to privacy. Your email or any other information you submit will never be shared.

Coaching Resources

The Coaches  Community

Connect with me

Proudly powered by Weebly
Diane Rolston Copyright@2019
  • Home
  • Coaching
    • Million Dollar Woman Program
    • She's Goaled: Coaching Mastermind
  • Services
    • Performance Training >
      • DynamicYou >
        • DynamicYouProgram
      • DynamicYear
    • Speaking
  • About Diane
    • Customer Reviews
  • Connect
  • Blog
  • Store
  • Success Book
  • Confidence Book
  • Be an Author