Tuesday, November 17, 2009

Learn The Art of Deal Making

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.

Kyle MacDonald from Montreal, Canada traded his way from one single red paperclip to a house in the space of nine months.

* 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 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

"The Rules of Wealth - Richard Templar"

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