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The Kristen Boss Podcast

223. Consumer Behavior- Starbucks + Disney

The Kristen Boss Podcast

Kristen Boss

Business, Education, Entrepreneurship, Marketing, How To

4.9751 Ratings

🗓️ 5 August 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

It’s easy to think that if your sales are down, it must be because people aren’t spending money. But if you look around, the evidence tells a different story. From long lines at Starbucks to packed Disney parks, it’s clear that people are still opening their wallets. The key isn’t that they’re spending less, it’s that they’re spending differently. Consumers are focusing more on emotional fulfillment than ever before.

 

In this episode, Kristen talks to listeners about the current state of consumer spending and behavior. She explores how people are spending money not out of necessity, but for emotional satisfaction. Kristen will guide you through understanding why consumers are prioritizing emotional fulfillment in their purchases and how you can use these insights to tailor your marketing strategies. 

Let’s look at a few highlights:

  • People are looking for products and experiences that provide a dopamine boost. Their purchasing habits are driven by a quick emotional high. 
  • Kristen challenges you to analyze your own spending habits over the past month. What did you buy that made you feel good? This self-reflection can provide insights into broader consumer behavior.
  • People aren’t just buying things out of necessity anymore. They’re splurging on stuff that makes them feel good.   
  • Many people would rather find ways to earn more money than cut back on their spending. 
  • To grab your potential customer’s attention, make sure your product or service hits them on an emotional level. Show how it can bring them joy or solve a problem.

So, despite what you might hear, people are still spending money, but they’re doing it in a way that focuses on how it makes them feel. By understanding these emotional drivers and aligning your marketing strategies accordingly, you can better connect with your audience and see your sales reflect the true state of consumer spending.


Discover transformative strategies for network marketers in our exclusive 90-day membership and online course. Join the waitlist now to secure your spot and learn proven methods to acquire new customers and achieve consistent income growth. Join the hub: http://kristenboss.com/thehub-pod


If you are ready to learn lead generation and cold market strategies, get on The Social Selling Academy waitlist here: https://www.kristenboss.com/ssa-pod


Join the Content to Conversations 7 Day Challenge for Social Sellers now and learn how to post to your followers to create awareness, curiosity, and desire---which will lead to more conversations. Join today and start immediately. See you there!


Thanks for listening! Do you have a question about network marketing? Kristen can help! Drop your question here, and she just might answer it live on the podcast: https:/Kristenboss.com/question

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there. I know if you're like a lot of my listeners, you're listening here week after week,

0:09.5

maybe binging my podcast and trying to take all the notes and really implement it into your

0:14.5

business. But here's the thing. There's something between knowing what to do and actually doing

0:19.1

and following through and trying to piece everything

0:21.3

together on your own. Well, you don't have to do that. I don't want you struggling any more than you

0:25.3

have to be, which is why I want you to check out the hub. The hub is the ultimate place for you

0:29.5

to learn the foundational habits and skills such as connecting, building relationships,

0:34.3

writing content, and how to sell without filling icky in the online space.

0:38.4

It is the ultimate place for you to learn the sustainable habits and business skills in the

0:42.8

social selling space. The other offer you need to look at is if you are ready to expand into

0:47.5

your cold market, grow your audience, learn the skills of lead generation, talking to a target

0:52.3

market, and learn sustainable business strategies

0:54.6

that really are evergreen, no matter what business model you're in, you're going to want

0:58.6

to check out the Social Selling Academy. The links are in the show notes. Of course, we have all

1:02.5

kinds of testimonials because I've helped thousands of students just like you. So be sure to

1:06.6

check that out. Now, back to the unknown.

1:36.3

You are listening to the Christenbas podcast.

1:39.3

I'm your host, Kristen Boss.

1:41.3

As a best-selling author and performance coach, I'm on a mission to share about

1:45.2

sustainable and purposeful approaches to both business and life. Each week, I bring relevant

1:50.6

topics that I believe are necessary to create a life of purpose, significance, and meaning.

1:56.9

Entrepreneurship is about so much more than growing your bottom line. It's about who you are becoming in the process and building a life that is truly extraordinary.

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