Most entrepreneurs will agree that running a business takes time, effort, patience and money.
- Have you offered a product/service at a discount or free because people weren’t buying right away?
- Have you added more free things to your service than normal just to make a sale?
- How many emails or social media invites have your received from businesses asking to opt-in for freebies (join mailing lists, enter contests, webinars, day challenges, introductory calls, etc.)?
- How many of them have you participated in?
Here’s why accepting every freebie isn’t a good thing:
- Freebies are only offered as an opportunity for new prospects to see the value in goods/services
- In order to grow a an entrepreneur and better service the business, you have to make an investment at some point
- “trying before buying” is temporary
- Sampling every freebie hinders growth because you’re always at square one
- If you have a free mentality, you will attract likeness
- You don’t want to be known for residing on cheap circle and free street
- Free mechanism leads to entitlement of premium services/goods for FREE
- If you’re discounting often, consumers will assume that’s regular business practice
- If consumers feel your pricing is too low, they won’t buy
Lesson Learned #4: You can’t reach mogul status with a free and discount mindset
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