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Start Building Your Business on the Right Attitude

May 10th, 2008 by Mike Reining Read more about Creating Trust Online, Entrepreneurship, Make Money, Online Community

10crossroad In my last few posts, I've shared various things I've learned, and the several insights that Brad Antin of Centerpointe shared with me.

You might be wondering how Brad Antin and I ended up talking business.

Did I walk up to him and say, "Hi, I'm Mike, I actually plan to be your biggest competitor, could you please tell me your secret?" Not quite.

First, I was introduced by my friend and business partner Larry "The Connector." Why was Larry happy to make the introduction?

Because all of us have a very different mindset, and that's the one crucial difference that differentiates us from the rest.

I believe in a world of abundance. I think there's enough for everybody, so I'm not competing with them.

I approached them because we are in the same market and together we can help each other become vastly more successful. That's the attitude I have, and that's the attitude they share.

This market is enormous, the demand is almost insatiable and we're only 2 tiny fish. If we can work together to help each other rise, that's great.

So, I told them, we operate in the same market as you –spiritual and personal growth, we have similar businesses and similar sized lists, let's figure out how we can work together.

Brad Antin immediately said he'd love to promote one of our products to their list, which is great because they have one of the single most responsive lists on the Internet.

I approached him like that, and I flattered him. I told him, you know what? I'm your biggest fan. I've bought your product just to figure out how you guys do business because I'm floored, what you have done is phenomenal, and we're not anywhere close. I'd love to talk to you for 5-10mins and learn more about what you guys do.

That's how I approached him --it was flattery and a mindset of abundance. But I didn't lie –he knows that we're in the same market, and he also has the mindset of doing cross promotions and helping each other grow our businesses.

Partnerships are some of the best ways to grow and improve your business.

My question to you is –is there someone in your market whom you can work together with? Is there someone doing better than you are? How are you going to approach them and work together towards a more successful future for both your businesses?

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About the Author

Mike Reining Prior to MindValley Media, Mike was the Head of New Ventures Strategy at eBay where he conceived of the strategies that led to the investment in Craigslist, the launch of Kijiji.com and the acquisition of Skype. Mike has an MBA from Stanford and previously worked for the Boston Consulting Group. He is also a certified Google AdWords Professional.

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3 Responses to “Start Building Your Business on the Right Attitude”

  1. Joe Dacus

    Okay, I WAS a fan, but now I'm a SUPER fan. I subscribe to the philosophy that there's plenty to go around for everyone as well. It is extremely rare to find a company in the dog-eat-dog world of online marketing and entrepreneurship that goes on the record and says "this is a core value of our business philosophy." I'm now a fan of Mind Valley Labs for life.

  2. Chris Brisson

    Interesting about your flattery approach. Cialdini says that "flattery" is the only influence factor that works even when it's not true.

    You know how if you say how beautiful a woman looks even though she's not that pretty? Even though it's not true, she thinks it's is and "flattery" works in your favor.

    She then "likes" you.

    Flattery is extremely powerful. Be genuine

    The key is to be genuine, not fake.

    Nice post Mike. :)

  3. Competition: Friendly vs Cut Throat | Mementum

    [...] they can be avenues for your own expansion and a potential relationship that could help you both grow. Your market is big and only getting bigger. Share the wealth, live and let live, and grow [...]

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