We trade value between 6 currencies of exchange:
Happiness
Attention
Time
Money
Reputation
Innovation
A far deal trades one of these 6 currencies for another, at a rate of exchange that benefits everyone.
Living in New Zealand, I often have to exchange monetary currencies. Somebody pays me in US Dollars, and I have to convert that currency into New Zealand dollars to buy something at a local store.
The conversion rate between these currencies can fluctuate. On some days, $1 USD is worth $1.57 NZD. Other days, it’s worth $1.65. The rate of exchange between these currencies is determined by the market, and the going rate fluctuates up and down.
Looking beyond the currency of Money
, there are also currencies of
Happiness
,
Reputation
,
Attention
,
Time
, and even
Innovation
.
You get to decide the exchange rate.
If you want to make a trade, from happiness to money, or time for reputation, you decide what is a fair trade.
- Volunteering for 4 hours on a Saturday
↔️
the respect of the members of the Board
- Sharing a clever social media post
↔️
contributing a clever idea to your community
- Leaving work early on a Friday
↔️
to go goof off with your family
What’s a fair trade? As Publilius Syrus said, “Everything is worth what it’s purchaser will pay for it.” If you can find someone to make an exchange and agree it’s a fair deal, then that’s the going rate.
If you’re having a hard time making an exchange, here’s an easy hack: donating one of these currencies can incentivize a trade between two others.
The Rule of Thumb – give generously four times before you make a request – uses the donation of Innovation
and
Attention
to earn the right to request
Money
or
Time
.
When I held a Virtual Book Launch Party for the #MarketingYourselfBook last week, I was asking people to donate Time
and
Attention
. In return, I offered
Happiness
and
Innovation
. We played some fun games and had a great time.
This weekend, I contacted everyone who had written an endorsement for the book, and asked them to copy/paste their review onto Amazon.
This was a delicate exchange. I was asking them to donate time Time
to give me
Reputation
.
So I wanted to make their donation of Time
as minimal as possible. I copy/pasted their pre-written review from my Endorsements page, and sent them the link to leave an Amazon review. Instead of asking them to re-do their work, the burden of my request was much lighter, since all they had to do was copy/paste and click.
(Click that link above if you’d like to give me 5 stars!
)
(You can also leave a review on Goodreads, if you prefer.)
All this week, I will be exchanging Reputation
for
Attention
. Whenever someone posts on the #MarketingYourselfBook hashtag, I make sure to like, comment, and share the post.
If you’d like to join the conversation, click to review and contribute to:
- #MarketingYourselfBook on FACEBOOK
- #MarketingYourselfBook on TWITTER
- #MarketingYourselfBook on LINKEDIN
- #MarketingYourselfBook on YOUTUBE
- #MarketingYourselfBook on INSTAGRAM
To everyone who bought a book or left a review, THANK YOU! I appreciate your support.
If you’d like to join the club, click to get your copy of Marketing Yourself.
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