There is no question that women buy, purchases by women total trillions of dollars annually.
But, what you may not know is that, quietly and steadily, the number of women making six figures or more is rapidly increasing. Currently, over fifteen million women make $100,000 or more, and the number continues to rise at a rate faster than for men. These women come from every industry.
Just how powerful is the female market?
- In the U.S., women decide $4.3 trillion in consumer spending each year.
- Women comprise 51.4% of the U.S. population, but make or influence 85% of all purchasing decisions.
- Women make 80% of healthcare decisions and 70% of travel decisions.
- Women purchase 65% of new cars and 53% of used cars.
- Women make or influence 57% of all electronics purchases.
- In 31% of marriages where women work, they out-earn their husbands.
- Single women buy homes at 2.5 times the rate of single men – one out of every five homes purchased (20%) is by a single woman.
Working with women the last seven years I have learned some very valuable information. They must TRUST and RESPECT you first and foremost. Trust begins with the eight seconds you have to make a good first impression. They don’t want to be pushed to close the sale or overwhelmed with too much information.
To earn their TRUST talk with them, not at or to them. Have a real conversation and show them the authentic you and that you are not just interested in the transaction. Start building that trust by actively listening to them. Treat them as equals and acknowledge that they matter. Learn where they’re coming from and where they want to go. Continue to ask questions until you have a clear picture of what they need. When women think and feel they’ve been heard and understood, they will be ready to trust. They must trust you before they will move toward a purchase.
Empower them, build their confidence, and support them. Focus on helping them determine the solution. Give them limited options and use examples and stories to reinforce your recommendations.
Always create a long-term relationship that allows for follow-up. The road to TRUST with women is not a one-and-done path. It takes time and sustained effort to build and keep the relationship, but the referrals will be worth it.
Join the conversation! What are some ways you build TRUST in your relationships?





















