RULE 30: Learn The Art Of Deal Making

Oba Rilwan Akiolu (Lagos Traditional Ruler) & Oba Otudeko (Businessman)

Deals are great.
Deals make you money. Simple deal making skills will serve you time and time
again. You need to learn to be bold, to ask for more, to trade what you have
for what you want.

Here is an
example of successful deal making in action. Kyle MacDonald from
Montreal, Canada, traded his way from one single red paperclip to a house in
the space of nine months. 


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“What do you have that others might want? Think
broadly here – not just possessions like Kyle,
but also your skills and your knowledge, your time and your ability and
efforts. Who might want these and what might you be able, to ask for in
return?”

You can read more at http://oneredpaperclip.blogspot.com/,
but essentially this is how he did it:
• He launched
his website offering to swap his one red paper clip for anything.
• He swapped it
for a green pen in the shape of a fish.
• He swapped
this for a smiley face doorknob.
• He swapped
this for a portable barbeque.
• He swapped
this for a portable generator.
• He swapped
this for an instant party pack and keg of beer.
• He swapped
this for a snowmobile.
• He swapped
this for a trip to British Columbia.
• He swapped
this for a truck.
• He swapped
this for a recording contract.
• And finally he
swapped this for a house in Phoenix, Colorado – admittedly only a year’s lease
but hey…
Eleven steps.
Eleven little deals. Not bad. He says he is going to
Keep going until
he owns a house. That’s deal making.
So, lessons to
be learnt from Kyle:
• Never say you
haven’t got anything to start with.
• Always be open
to opportunities.
• Be adaptable
and flexible.
• Have a goal.
• Work
diligently.
• Network like
mad.
• Take advantage
of free publicity.
In my business I
prefer to talk about ‘mutually profitable partnerships’. These deals, where
both parties benefit, are the best deals of all. Everybody feels happy with the
outcome.
What do you have
that others might want? Think broadly here – not just possessions like Kyle, but also your skills and your
knowledge, your time and your ability and efforts. Who might want these and
what might you be able, to ask for in return?
From The Book; The Rules of Wealth by
Richard Templar
(Read Rule
31
of Rule of Wealth tomorrow on Asabeafrika)

Read-to-Wealth Series 



POWERED BY:


http://www.proshareng.com/


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