Interesting story for you today.
A few days ago, I was talking with a buddy of mine and let him in on a new secret project I’m working on.
Then, last night, his partner sends out an email which is essentially offering the same thing I’m going to be offering.
Now to be fair to him, he’s not doing the “exact” same thing I’m going to be doing. But it’s 90% similar. And I’m assuming they had already thought of it before I mentioned it.
In this kind of situation, you can have one of two responses…
Me? I took route #2.
I’m actually not mad at him whatsoever. Even if he did blatantly steal the idea (which I don’t think he did… but have no idea, nor do I really care), it was my fault for telling him it before I went live.
In fact, I’ll be talking with him in about 40 minutes about how we might be able to work together.
Plus, a little competition never hurt anybody. In fact if we do end becoming full competitors on this, both of our clients will benefit.
Having competition is a GOOD thing for any business. It encourages you to think more creatively, strategically, and rationally. It keeps you on your toes and makes you push harder and harder to add more value. And in the end, everybody benefits.
You create a better product/service. Your customers or clients get more value.
The lesson today is to stop getting bent out of shape if you get a new competitor. Instead, BE BETTER. Think better. Act faster.
And if you can, figure out a way to create a strategic alliance with a competitor! I make multiple 5-figures every year by partnering with direct competitors.
This is something I talk about at length in week #11 of The Sales Stacker System.
It’s a course I built to show entrepreneurs how to take a step-by-step approach to growing their business with unconventional methods.
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