Whether you realize it or not, your money mindset—the beliefs and attitudes you hold about money—plays a significant role in the success of your Young Living business. For many, negative money stories can hold us back from reaching our full potential. As a Young Living Brand Partner, recognizing and improving your money mindset can open new doors to growth and abundance.
Facing My Own Money Mindset
I’ve often heard entrepreneurs, especially those in network marketing, hesitate to invest in their business. Recently, someone encouraged me to talk about this, even though I'm not a money mindset coach. At first, I resisted the idea, but I realized that my own experience with money may be exactly what you need to hear. I recorded a whole podcast episode on this topic and you can listen to that HERE.
Let’s dive into how your money mindset might be affecting your Young Living business and what you can do about it.
What is Money Mindset?
Your money mindset is the way you think about earning, saving, and spending money. If you believe that money is hard to come by, that belief will influence your actions in your business—whether it's setting prices for your offers (outside of YL products), investing in personal growth, or even how you communicate about your offerings. On the other hand, if you believe in abundance and opportunity, you’re more likely to embrace growth and take strategic risks.
Many of us have money stories that go back to childhood or are influenced by societal norms. These stories shape how we approach our business. But the good news? Once you recognize them, you can change them.
The Money Story You’re Telling Yourself
In network marketing, especially in a challenging economy, it’s easy to believe people just aren’t spending money. You might think, “No one wants to buy essential oils right now because they’re cutting back.” But that’s not always true. People are still spending money—on things that bring value to their lives, whether it’s wellness, personal growth, or experiences. The question is, how can you position your products and yourself as something valuable so your products and offers get prioritized?
We all have our own money stories. Maybe you grew up in a household where money was tight, and now you believe that scarcity mindset is true for everyone. Or maybe you feel uncomfortable asking people to buy from you because you see it as a burden rather than an opportunity to help them improve their wellness. Recognizing these beliefs is the first step to changing them.
How a Negative Money Mindset Hurts Your Business
If you’re holding onto a negative or limited mindset around money, it can hold your business back in several ways:
- Under Promoting Your Products: If you feel guilty asking for money or think people can’t afford your products, you might be hesitant to charge the proper value for them. But remember, people invest in what they see as valuable—and Young Living products bring significant value to health and wellness.
- Hesitating to Invest in Your Business: Have you ever hesitated to invest in that course, business tool, or training that could help you grow? That hesitation might come from a fear of not seeing a return on your investment. But without investing in yourself and your business, you’ll struggle to move forward.
- Avoiding Financial Decisions: Avoiding looking at your finances, delaying important decisions like paying for business tools, or feeling stressed about money are all signs that your money mindset needs a shift. Being empowered and confident about your finances helps you manage your business more effectively.
How to Shift Your Money Mindset
The good news is that shifting your mindset is possible. Here’s how you can start improving your relationship with money and, in turn, your business:
- Recognize Limiting Beliefs: Think about the money stories you’ve been telling yourself. Have you heard things like “money doesn’t grow on trees” or “people don’t spend money on luxuries in tough times”? If these beliefs are holding you back, challenge them. Your Young Living business is not just a luxury—it’s a way to help people improve their health and well-being.
- Reframe Negative Thoughts: Instead of thinking, “No one is buying right now,” ask yourself, “How can I show my audience the value of these products?” Shifting to a positive, solution-focused mindset opens doors for growth.
- Surround Yourself with Positive Influences: Be part of a community where success is celebrated and supported. Engage with other Brand Partners who see abundance and share success stories, which will motivate you to push past your fears.
- Build New Financial Habits: Set aside time each week to review your business finances. The more familiar you get with handling money in your business, the more empowered you’ll feel.
- Celebrate Wins: Did you hit a new rank or sell a Premium Starter Kit? Celebrate it! Recognizing small victories creates positive energy and reinforces the mindset that success is possible.
The Ripple Effect of a Positive Money Mindset
Changing your money mindset doesn’t just improve your financial situation—it also impacts your overall business. With a stronger money mindset, you’ll:
- Feel more confident in pricing and selling your products.
- Be willing to invest in yourself, knowing that growth requires action.
- Feel empowered to make decisions that move your business forward.
Investing in Your Business for Success
As you approach the next phase of your business, reflect on what investments will help you achieve your goals. Do you want to grow your team or expand your customer base? Maybe you’re looking to increase your online presence or offer more valuable content to your customers. Whatever it is, investing in the right tools, education, or support will help you get there.
If you feel embarrassed about your website or lack of online presence, invest in getting it updated. (We can help - Start with this free training!) If you want to improve your sales approach, consider training that focuses on building relationships and adding value through essential oils.
Shifting your money mindset is a key part of growing your Young Living business. By confronting your limiting beliefs, reframing your thoughts, and celebrating your wins, you can move from a scarcity mindset to one of abundance. And when your mindset shifts, your business will follow.
Ready to take your business to the next level? If 2025 is the year you’re ready to work smarter, invest in your business, and show up and present yourself as the professional you are, I’ve got something exciting for you. We’re hosting a live masterclass, The Science Behind Creating a Professional Website That Actually Gets People to Take Action and Buy. This is for business owners ready to build or upgrade their website so they finally feel legit! No more embarrassment when someone asks for your website. You will be proud to shout it from the rooftops!
Sign up for one of our three live sessions. You can find all the details HERE.
Let’s make 2025 the year you invest in your success!
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