What To Do When You’re Dealing With FOMO
The fear of missing out. We’ve all felt it at some point right? Both in our personal lives and while we’re chasing our business dreams. Whether it’s that latest shiny coaching program or the newest Iphone, you find yourself wondering how to know when you’re making the right choice for you or just giving in to the fear. We’ve been there (more than once!) and we’ve learned a few things along the way. So when you’re asking yourself, how do I deal with the fear of missing out and make the right choice, here’s what you should think of next:
Is this really a good fit for me? Maybe you’ve been thinking about upgrading you social media marketing then your favorite coach releases a 90 day intensive program that promises to skyrocket your results. You’ve been following this coach for awhile, you know she’s the real thing, and her announcing this course feels like a sign that it’s time to upgrade your business.
And maybe it is….if you know that this opportunity is a good fit for you, it’s time to think about the timing.
Is this the right thing for me right now? Even if the next big thing is exactly what you’ve been looking for, you need to consider how it fits into your business right now. Maybe you’ve been looking for ways to upgrade your marketing but you’re also dealing with a lot of personal stuff that would make it difficult for you to show up during the coaching sessions. You’re unlikely to see the results you’ve been looking for if you don’t have the bandwidth to show up and implement the material.
But what if the product is right, and the timing is perfect? Then it’s time to consider if the investment is a good fit.
Is the price right? I know what you’re thinking, why wouldn’t you think about this first? Because sometimes $5 is too much if the product isn’t a good fit, and sometimes $1500 feels doable when all the other pieces have fallen into place. So price doesn’t always need to be your first or your main consideration. But you do need to stop and think about how the investment will affect the bigger picture. Sometimes making an investment drives you to create the income you need to recoup what you’ve spent. But sometimes making a huge investment leads to paralysis and an inability to take action because you’ve put all this pressure on yourself to produce results. Be honest with yourself about the amount of risk you can take and the potential pay off.
We know how hard it can be to not chase all the shiny things, because we’ve done it. And sometimes it pays off, and sometimes it doesn’t. So the next time you find yourself worrying about FOMO, don’t forget to stop and make sure that you’re saying yes for the right reasons and not just leaning into the fear. And if you want to hear more about the lessons we learned in the past 13 years of our entrepreneurial journey, stay tuned!