Summary of The Value of the Hustle: How We Saved $25,000 by Thinking Outside the Box

  • blog.groovehq.com
  • Article
  • Summarized Content

    Hustle Your Way to Huge Savings and Extra Value for Your Business

    As a startup, navigating the expensive world of business can be daunting. Every product or service can seem out of reach, especially when you’re trying to make every dollar count. This article explores how to leverage your assets to negotiate better deals for your business, maximizing your value and saving precious resources.

    • Don’t let price be a dealbreaker without exploring other options.
    • Don’t limit yourself to only thinking about your business’ main product or service as your trading leverage.
    • Hustling isn’t just for discounts, you can also get more value out of deals.

    Leveraging Your Product for Business Value

    If you have a product or service that’s just as valuable as the one you’re trying to buy, a swap might work. This can be a mutually beneficial arrangement, where both parties benefit from the exchange.

    • Don’t let price be a dealbreaker without exploring other options first.
    • If your product is just as valuable as the one you’re trying to buy, a swap might work.

    Leveraging Your Skills for Business Negotiation

    Don’t limit yourself to only thinking about your business’ main product or service as your trading leverage. You have other skills that you’ve had to learn as you’ve grown your business, and those can be very valuable to others facing similar challenges.

    • Your expertise in content marketing, automation, or a specific business process can be a valuable asset in negotiating deals.
    • Think about the unique challenges you’ve solved and the knowledge you've gained.

    Leveraging Your Partnerships for Business Growth

    Hustling isn’t just for discounts. You can often get more value out of deals than you would have, simply by asking. Sometimes, the things you can get might not have been available to you otherwise, but because you’re already doing business with your partner, they’re incentivized to work with you on what you’re asking for.

    • Explore how you can leverage your existing business partnerships to secure better deals.
    • Consider offering additional services, early access, or other forms of collaboration to sweeten the deal.

    Thinking Outside the Box for Business Success

    Even if you don’t have a product or service that would be interesting to your potential partner, you still might have something non-obvious to offer. This is where thinking outside the box pays off massively.

    • Look for ways to offer unique value, such as solving a specific business challenge or sharing a unique automation or process.
    • Consider offering exposure to your audience, but only if it’s truly beneficial and ethical for your readers or customers.

    The Importance of Negotiation in Business

    You can't get everything by bartering, but you’ll never get anything by staying quiet. Don’t be afraid to ask for what you want. The value you gain from hustling often outweighs the fear of being told "no." Always be thinking about how you can add value to your deals and create win-win partnerships.

    • Never be afraid to negotiate.
    • Think about the value you offer and how it aligns with your partner’s needs.
    • Always seek opportunities to add value to your deals beyond the traditional exchange.

    Ask anything...

    Sign Up Free to ask questions about anything you want to learn.