How I Conquered My Scarcity Mindset and You Can Too
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You know those people who, no matter what’s going on in their life, always have an excuse? They constantly seek advice, but when you give it to them, all they do is give you more excuses. It’s frustrating, right? I used to feel the same way about these people until I realized I was one of them. Here’s my story about how I overcame my scarcity mindset and how you can too.
The Wake-Up Call
I was talking to my mentor, Evan Carmichael, about my business. I had launched a low-ticket program before, and while it had some success, the clients I attracted weren’t ideal. They made excuses and didn’t take action. Evan’s advice surprised me: “10X your prices.” My immediate reaction was a flood of excuses. “No one will buy at that price. I don’t have the resources. I don’t know where to find high-paying clients.” It was a classic case of scarcity mindset.
Understanding Scarcity vs. Abundance Mindset
To tackle this, I turned to Google to better understand scarcity and abundance mindsets. A scarcity mindset is the belief that resources, opportunities, and success are limited and hard to come by. This mindset often leads to excuses like “must be nice” when others succeed. On the flip side, an abundance mindset believes there’s plenty to go around, fostering creativity and reducing competition.
The Benefits of an Abundance Mindset
An abundance mindset allows for creativity and reduces the need to compare yourself to others. It’s a choice, but it’s one that serves you better in the long run. When you believe there’s plenty of time, money, and resources, you don’t feel the need to compete. Instead, you focus on collaboration and growth.
Taking Action: 10X Your Prices
I decided to take Evan’s advice and 10X my prices. The clients I began attracting were exactly the ones I wanted. These clients were proactive, valued my advice, and didn’t make excuses. This shift showed me that the problem wasn’t just my pricing, but my mindset.
The Transformation Process
Transforming your mindset isn’t about a complete overhaul. It’s about making minor adjustments in how you think and act. For me, this meant improving my systems for client fulfillment and communication. By refining these processes, I could confidently raise my prices and provide better value.
Real-Life Application
After embracing this new mindset, I reached out to a potential client with a seven-figure proposal. Although they didn’t immediately sign on, they offered invaluable feedback and guidance. This experience underscored the importance of an abundance mindset and the opportunities it can unlock.
Conclusion
Shifting from a scarcity mindset to an abundance mindset has profound impacts on both your personal and professional life. It’s not just about making more money; it’s about believing in the limitless possibilities around you. Take a moment to evaluate where you might be holding onto a scarcity mindset and challenge yourself to think abundantly.
What areas of your life could benefit from a mindset shift? How could you 10X not just your prices, but your relationships, network, or personal growth? Share your thoughts in the comments below. Let’s continue the conversation and support each other in embracing an abundance mindset.