Making a Living Your way logo.

If you would like to be notified when I publish new blog posts, please opt-in here

Somebody “Out There” Has Whatever You Need for Your Business – Find Out Who It Is and Make It Worth Their While to Share It With You

Two women fighting over a briefcase, representing getting help from other businesses.

What kinds of things might you need? It all depends on the type of business you have and your existing resources. You may not even realize at the moment what it is that you need. Consider the following list. Would anything on the list be beneficial to you?

  • Some type of products (not necessarily for you to sell, but to use in production, marketing, administration, etc.)
  • Services (ditto the above)
  • Advice
  • Mentoring
  • Storage space
  • Administrative support
  • Accounting support
  • Promotion of your business to their customers and prospects (maybe in return for revenue sharing)
  • Providing you a high-visibility recommendation or testimonial
  • Their “beta-testing” of your product/service
  • Customer lists of your kind of prospects (this is the answer to the question, “Who already has the kind of customers that I’m targeting, and how can I make it worth their while to give me access to them as well? It works when you aren’t directly competitive with each other.)
  • Any kind of know-how that you lack
  • Money (loan, grant, for equity, etc.)
  • Introductions to people who can help you (this can be incredibly valuable – it can give you instant credibility)

The average person looks at that list and says, “Sure, it would be nice to have some of those things, but I can’t afford to pay for them.”

First of all, realize that you don’t necessarily have to OWN it. You just need the benefits of it. How?

  • Yes, you could buy it if you can; but you can also…
  • Rent or lease it
  • Trade/barter for it something that you have of similar value that the other part wants
  • Borrow it for a period of time
  • Ask the owner to put it to work on your behalf

It’s a new way of thinking isn’t it? But take it to the really magical next-step-up that can really set you apart as a business person and be the difference in success or not: paying for something is but one way to get the benefits of something. For example:

  • You could publicly credit the owner for contributing its use to you (lots of companies will do all kinds of things just for exposure)
  • In return for using it, you could trade something you have that the other party wants and doesn’t have (like anything on the above list)
  • You could share related aspects of your revenue with the owner of it on some negotiated basis
  • You could solve a problem for the owner of it (mutual back-scratching)
  • You could improve the “thing” for the owner, then let him/her use the improved version
  • Etc.

You can do this! Just ask the other party outright what they would accept in return for letting you use what it is that they have that you need, then negotiate from there. You just might be able to provide what they need, which could include finding a third party who has what they need and do a three-way swap of values.

Thinking in this manner is a habit. Try it for a while and you’ll find that your thoughts automatically going in that direction the next time you need something that you don’t have.

Related Posts:

“The “Sales Hourglass” – The Most Important Concepts You Must Know and Embrace to Create a Profitable Business”

“The Hidden Aspects of the 80/20 Rule That Can Transform Your Business…Let Alone Your Entire Life”

“Why Services are More Challenging to Sell Than Products”

“Why the Pricing of Services is Far More “Flexible” Than the Pricing of Products

“Why You Usually See Three-Tiered Service Pricing”

“The Tyranny of Lowest Price”

“MBA Degree in a Blog Post

What is a Brand? Really. You Wouldn’t Believe What a Time Marketers and Entrepreneurs Have Trying to Define It

An Oft-Overlooked but Critical Thing to Understand About Keyword Search Advertising”

“The Short-Sightedness of ‘Just Making Sales'”

Why It’s So Smart for Entrepreneurs to “Fail Fast”!

“Strategies for Practicing Customer-Centeredness”

“Differentiation and Positioning – The Keys to the Value Proposition of Your Business

“The Concept of “Exchange” and How It Impacts the Value Proposition of Your Business”

“What the Internet’s Elimination of the “Information Deficit” Means to Every Business”

A Principle You’ll Never Regret Adhering To

“What is ‘Quality’ Anyway?”

“On Being Customer-Centered – the Lifeblood of Your Business”


Leave a Comment

Your email address will not be published. Required fields are marked *