↔️ The 6 Currencies of Exchange ↔️
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.