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Dr. Mindy Weinstein

๐Ÿ‘ค Speaker
406 total appearances

Appearances Over Time

Podcast Appearances

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

They actually have for Harry and David exclusive groups you can join.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

And they only, they limit the amount of people that could be in it, but they'll let you know if they have some kind of special gourmet products.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Like the example I included was this butter that this woman only churns so much butter, but this group, these people get excited about it.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

So there are some, again, traditional companies that have been doing it, but a lot of,

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Companies I still feel like don't really get it and don't think about it in the terms of the examples that I gave you.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

They just think of it as, oh, I'm going to put out a coupon or I'm just going to tell people that this is like almost sold out.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

So and I like even thinking about the book example, again, because there's so many different ways.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

I mean, there is the drop, you know, and like you said, I mean, she's got so many followers.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

So of course, it's going to grab attention.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

But even doing like the example, like here in David, it doesn't matter if you're a big company or even your product.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

have some type of like exclusive events.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

Maybe it's like an exclusive, you know, book reading that you're doing and only so many people can join it.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

It's not gonna cost you anything, even especially if you did it online, you know.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

But what happens though, that's still a scarcity because it's exclusive, it's hard to get.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

The whole mentality of playing it hard to get, that's where that comes in.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

And people feel like now they belong to something and they're gonna buy from you.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

They're gonna hire you.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

They're gonna feel included.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

And so there's things like that that's not, you don't have to be a huge company or have millions of followers.

Creating Confidence with Heather Monahan
Confidence Classic: The Psychology of Scarcity with Dr. Mindy Weinstein

You can just implement it that way.