Is The Scarcity Mindset Holding You Back?

Posted in Mindset10 months ago • Written by Jim Daniels5 Comments
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Today I’m doing something I almost never do.

I’m letting a fellow marketer write my newsletter for me.

You see, I subscribe to a number of Internet marketing newsletters and frequent a handful of blogs regularly.

One of my favorites is Gain Higher Ground by Rob Cornish. Rob started online in 2010 and makes his living online from North Cornwall, England.

A few months ago I read one of his posts and it lit a fire under me. He explained that creating quick, simple products for your market is better than working large projects.

His advice prompted me to set aside a project I had been working on for a year, and create this simple product for affiliate marketers. It quickly went on to be one of my top sellers.

Last week he posted some more advice that was so good I asked him if I could republish it. So with his permission, I’m sharing it below.

Meet Roy

Rob talks about the Scarcity Mindset, something I have been guilty of myself, many times through the years.

I hope you find this helpful to your online ventures…

The Scarcity Mindset:

One of the greatest routes to making money is to shift your thinking from the scarcity mindset (uptight, seeing everything as a difficult struggle) to an abundance “bring it on” mindset where things are possible and you aren’t afraid.

Some examples:

Scarcity Mindset: It’s too hard to get affiliates, they won’t promote me, I’m a “new kid on the block” nobody

Abundance Mindset: There are stacks of affiliates promoting offers every single day, there’s no reason why they won’t promote mine too. They make a good chunk of their income doing this and are constantly looking for new products to promote. They care about my offer and whether they can make money, not me personally. It doesn’t matter if I’m brand new or how I feel.

Scarcity Mindset: The economy, politics and my government is in such bad shape, I fear my financial future

Abundance Mindset: In 2017 global GDP is forecast at $77.8 trillion compared to $57.6 trillion in 2007 before the crash. Opportunity is abundant. I control 90% of my future, not the government. I don’t need to be a financial victim, I can opt out and be self sufficient.

Scarcity Mindset: I can’t get any good product ideas

Abundance Mindset: There are ideas all around. Improving/adapting/updating the concepts behind other marketers’ profitable products. Ideas from newsletters I read, webinars I watch, popular posts on blogs I visit. I’ve got too many product ideas!

Scarcity Mindset: It’s make or break with this project I’m working on, it’ll be awful if it doesn’t work out

Abundance: *Every* project is merely a TEST. If you have a good system/formula to follow you’ll end up with far more winners than losers. And a loser is valuable information about what to avoid going forward. This is the nature of business and perfectly normal, relax!

Scarcity Mindset: I might offend my list by promoting a product they don’t like

Abundance: You are simply making an OFFER (the clue’s in the name). Nobody is forced to buy or even to be on your list. Promote right and you won’t cause offence to your most valuable subscriber core.

Scarcity Mindset: Too scared to even mail email list, they might unsubscribe

Abundance: Unsubscribes are good – they are people who have self-selected themselves to be unsuitable for your content. Better they unsubscribe and save you the hassle and cost of having them in your database.

DFY Funnel

I could think of a lot more examples but I know you’ll get the gist.

The danger is being too cautious, “precious” and overly-sensitive to your own feelings, emotions, successes and failures.

Tough up, relax, mentally separate what is going on in your business with what is happening in your head.

Whatever works for you.

But basically, just push yourself to test new things, play the game and don’t fight the rules (you can’t change them anyway).

It’s only online marketing anyway, not life and death, what’s there *really* to be afraid of?

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5 Comments so far. Feel free to join this conversation.

  1. Amara February 24, 2017 at 4:22 pm - Reply

    Hi Jim on the flip side of a scarcity mindset, is the fear of success mindset. Crazy, but true. There are a lot more demands when you have success, but at least, you can pay the bills, with ease, and have more fun in life.

  2. Derek February 13, 2017 at 7:50 pm - Reply

    This often happens:

    Scarcity Mindset: It’s make or break with this project I’m working on, it’ll be awful if it doesn’t work out

    Abundance: *Every* project is merely a TEST. If you have a good system/formula to follow you’ll end up with far more winners than losers. And a loser is valuable information about what to avoid going forward. This is the nature of business and perfectly normal, relax!

    It is so easy to get caught up in one’s own “Baby or Pet Project”. All reason goes out the window in the desire to make it ever so perfect. Once it is absolutely 100% perfect everyone will want it.! Not so..

    Reality is much different. Treating it as a test, we will only put in enough effort to see if it works. If not, then Next!
    If it does, then add a little more to it and see if it still shows promise. If yes then continue. Otherwise move on.

  3. Adam Roberts February 12, 2017 at 5:51 pm - Reply

    Just beginning and this is me! Trying to figure out which way to go. Have to simplify things for myself. Thanks!

  4. James February 12, 2017 at 11:23 am - Reply

    it is so easy to focus on the costs in my life and ignore all the benefits.

  5. Bob Hetme February 10, 2017 at 9:57 am - Reply

    It’s a check which I try to do constantly so thanks for the reminder Jim and helping me back to that can do, will do mentality. Carpe deim

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