What's Your Business Buying Type?

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Quiz Questions

1.
How would you describe the business resources you purchase?
- A.
  I only buy business resources I need. Sometimes I don't even get the things I need for my business because I can't justify spending I'm not making any/enough money
- B.
  If I want to get it I get it—I don't worry about the price
- C.
  You need to spend money to. make money so I don't really keep track of what I do/don't spend
- D.
  I focus on the price. Free or cheap resources are my go to resources
- E.
  If I am feeling down I want something that makes me feel hopeful about the future of my business
- F.
  If I am spending I spend on my business; If I am saving then I focus on saving money for my business
2.
Your entrepreneur friend bought a high-ticket offer and she can't stop talking about it. What do you do?
- A.
  Find the exact resource and buy it for yourself as soon as you get the chance
- B.
  Find the course for yourself even though you have a course that covers the same topic that you have already purchased sitting unused in your email inbox
- C.
  Try to find a cheaper alternative or wait for a major discount
- D.
  Buy it as a high-ticket investment. It's been awhile since you've spent money on your business
- E.
  If I am saving, I add it to my business wishlist. If I am spending, I find where and how soon I can get it
- F.
  Determine that even a high-ticket offer deemed a 'necessity' is not a necessity for you. You can't afford that luxury right now so you will wait until you can afford it
3.
What phrase best describes your purchasing habits when buying for your business?
- A.
  I go shopping to ensure I am getting the best deal on past/current/future purchases for my business
- B.
  When I get in my spending phase, I am ALWAYS looking for the latest business resources to buy and implement
- C.
  I am most excited learning about the course and clicking purchase; I am excited to think of all the possibilities for my business
- D.
  If I am shopping online for a resource it is because I have exhausted all other options. I am not making much so I am judicious about what I DO buy for my business
- E.
  I buy a resource to 'jump start' my business when it is stagnant
- F.
  A resource rarely sits in my cart for long—I want to ensure I don't miss out on the bonuses or discount
4.
When you look at all the resources you have bought for your business you see...
- A.
  You think, "Did I really buy that? I don't even need it for my business"
- B.
  Only things I need to run my business
- C.
  Purchases I have completely forgotten about and no idea how all that money was spent
- D.
  I don't see a pattern in the stuff I have and haven't bought. I just feel like I am either spending OR saving with no in between
- E.
  Things that excite me when I think about their potential in my business
- F.
  All the money I saved
5.
If you could change one thing about your buying habits, what would it be?
- A.
  I use buying as a way to feel better about myself and/or my business. I want to have other ways to feel better about my business that don't involve spending money
- B.
  I wish I could buy the courses and resources I want to buy. I only buy the resources I absolutely need
- C.
  I have no self control. I see something, I buy it. I want to have more self control
- D.
  I wish I was more mindful about my money. I just don't really preoccupy myself with it
- E.
  I wish I could control my bargain buying habit. It gets me into trouble when I focus only on money saved and not total amount spent
- F.
  I want there to be a balance between my spending and my saving. I want to do both, not one or the other
6.
What is your money goal as it relates to your business?
- A.
  I don't have a money goal—money is meant to be used
- B.
  I want to save where I can so I can save up for more expensive courses and resources (at a discounted price of course!)
- C.
  Money is to buy what you need for your business. Wants are a luxury
- D.
  Money is to get what I want when I want it
- E.
  Money is for both saving and spending
- F.
  Money is there to help you feel good about your business
7.
What phrase best represents your buying habits for your business?
- A.
  I buy necessary items for the business- overhead, running my business
- B.
  I will go through a period of spending where I don't save at all. Then I will feel guilty about all the spending so I recommit to saving money. During times of saving, I don't buy things
- C.
  I buy on impulse, meaning I don't plan for the purchases in advance
- D.
  I buy resources for my business at a discounted price
- E.
  I am not actively aware of my money—I underestimate what I buy and spend and overestimate what money I have
- F.
  I buy during times of heightened emotion
8.
What prompts you to buy?
- A.
  Knowledge that businesses need to spend money
- B.
  I have never seen anything like this and worry I won't eve see anything like this again
- C.
  Nothing in particular. If it's a spending month then I invest in the resources I need for my business
- D.
  I either know I need this for my business or the decision is based on what businesses typically need in the industry I am in
- E.
  I already wanted this...and just look at the price!
- F.
  I feel I need or want it because I don't feel competent without it
9.
What do you look for when considering buying a business resource?
- A.
  Someone that exudes the confidence you year for in your own business
- B.
  A novel product or presentation of a novel concept
- C.
  Presenter showing why you need this resource and compare it to why you feel you need it
- D.
  Something that makes you go, "Why not?" or "What do I have to lose?"
- E.
  If it appeals to my needs at the time and whether I am saving or spending
- F.
  Best price available and/or all the extra bonuses and special offers included that make it a no brainer offer
10.
What gets you to buy?
- A.
  Emotional connection- seeing or feeling how you want to feel about your business
- B.
  If I am spending, I spend on my business. If I am saving, then I save for my business
- C.
  The discounted price and limited time offers
- D.
  Nothing really, just if I feel like buying
- E.
  Seeing all the people joining or talking about it—you don't like to miss out
- F.
  The resource appeals to your logic and is something needed that is missing in your business
11.
What do you feel after you buy something?
- A.
  Either reveling in how much you saved or feeling guilt over how much you spent
- B.
  Nothing really...money is meant to be spent and I am choosing to spend it on my business
- C.
  Feel like you are fulfilling a need you had in your business
- D.
  Emotional high before/during/after purchase thinking of all the possibilities; Emotional lows haven't hit or the payment hasn't hit the bank account yet...
- E.
  Feel really great that you have found something so unique and not widely known; a once in a lifetime deal and opportunity
- F.
  I feel good for the moment...but I know I am going to feel guilty for all the spending I have been doing and go into a saving phase

Quiz Outcomes

1.
Necessity Buyer
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The Necessity Buyer uses most of their money to buy resources that are necessary for their business. When they do buy something that is not a necessity for their business, they tend to only buy it at a reduced price or lower quality than they would buy otherwise. The Necessity Buyer does buy bargains, but the purchase is determined by how much they need the item, not just the price of the item on sale.From a money standpoint, it is good to stick to only buying resources that are necessary for your business; however, running a business requires more than just the 'necessities.' There are ways to buy back time for your business by investing in a meal delivery service or childcare. You may not deem them a necessity, but you need time to work on your business so buying back is also a need.Want To Learn How To Deal With Overspending?Going over budget is not a budget issue—it's a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.I have identified six main spending habits that account for most of our overspending in business. These are what I call the Business Buying Types.Now that you have found your Business Buying Type, you need to learn how to use that knowledge to curb your spending in business.Join the Money Makeunder Community to learn how to use your Business Buying Type to target overspending.
2.
Bargain Buyer
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The Bargain Buyer spends most of their money buying resources for their business at a bargain price. They always comparison shop to ensure they are getting the best deal. The focus is on how much they save, not now much they spend. If the price is right—they buy.Want To Learn How To Deal With Overspending?Going over budget is not a budget issue—it's a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.I have identified six main spending habits that account for most of our overspending in business. These are what I call the Business Buying Types.Now that you have found your Business Buying Type, you need to learn how to use that knowledge to curb your spending in business.Join the Money Makeunder Community to learn how to use your Business Buying Type to target overspending.
3.
Emotional Buyer
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The Emotional Buyer buys during times of heightened emotion. The purchase made depends on the emotion felt toward the item. Maybe they saw themselves in the presenter and want to emulate them; maybe they feel down about their business and want to feel better about its potential. Buying replaces unwanted emotions with positive emotions and amplifies feelings of happiness.Want To Learn How To Deal With Overspending?Going over budget is not a budget issue—it's a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.I have identified six main spending habits that account for most of our overspending in business. These are what I call the Business Buying Types.Now that you have found your Business Buying Type, you need to learn how to use that knowledge to curb your spending in business.Join the Money Makeunder Community to learn how to use your Business Buying Type to target overspending.
4.
Impulsive Buyer
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The Impulsive Buyer buys business resources on impulse- meaning that the purchases were not planned in advance. The purchases made are the result of the item; not a result of the emotions felt with the item. Purchases made may have unique characteristics or have an element of scarcity. There is a fear of missing out (FOMO), especially when it comes to business endeavors because the right resources can really move the needle.Want To Learn How To Deal With Overspending?Going over budget is not a budget issue—it's a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.I have identified six main spending habits that account for most of our overspending in business. These are what I call the Business Buying Types.Now that you have found your Business Buying Type, you need to learn how to use that knowledge to curb your spending in business.Join the Money Makeunder Community to learn how to use your Business Buying Type to target overspending.
5.
Passive Buyer
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The Passive Buyer is not actively aware of the use of their money. As a result, they often underestimate what they buy and overestimate what money they have. Passive Spenders prefer not to preoccupy themselves with finances. They know that businesses need to spend money to make money, so they don't worry about money too much. They figure it will all work out when their business becomes successful so they needn't worry.Want To Learn How To Deal With Overspending?Going over budget is not a budget issue—it's a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.I have identified six main spending habits that account for most of our overspending in business. These are what I call the Business Buying Types.Now that you have found your Business Buying Type, you need to learn how to use that knowledge to curb your spending in business.Join the Money Makeunder Community to learn how to use your Business Buying Type to target overspending.
6.
The Saving Spender
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The Saving Spender Buyer has characteristics of both a spender and a saver. The Saving Spender Buyer goes through cycles of spending and saving. Periods of saving usually follow spending laden with guilt, and a commitment is made to refocus efforts to save. Similarly, periods of spending follow bouts of saving because the desire to spend has been pacified for too long.All of us have tendencies to be both a saver and a spender during our lives. The distinguishing factor of the Saving Spender Buyer is that periods of saving and spending are cyclical and go from one end of the spectrum to the other with little in between.Want To Learn How To Deal With Overspending?Going over budget is not a budget issue—it's a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.I have identified six main spending habits that account for most of our overspending in business. These are what I call the Business Buying Types.Now that you have found your Business Buying Type, you need to learn how to use that knowledge to curb your spending in business.Join the Money Makeunder Community to learn how to use your Business Buying Type to target overspending.