0Reader Recommendations


Finding Your Currency

By: Keith Ferrazzi

"What if I don't have much to offer?" You know, I'm shocked and a bit sad by the number of people who ask that when I explain that to build strong relationships -- the kind that will consistently grow sales, boost your career, or just pack your social calendar -- you have to give, give, give, and not keep score.

So, I'm here to slap some of that "not enough" thinking out of you. Everybody has a currency to give, or some capacity to help somebody else fulfill their mission or vision of themselves in some way. Trust me on this point: I've seen some pretty low thresholds for what counts as currency.

Jokes can be a currency. If you can make people laugh, you're helping them have a good time, and they'll be more up for doing business or hanging out with you. Heck, sometimes just being someone empathetic or decent to talk with is a currency in the right (or wrong) environment. Yet, I'm confident that you possess currencies much stronger and much more abundant than these simple examples. You've just got to know how to find them, something even I struggled to do for a while.

As a rookie consultant at Deloitte, straight after graduating from business school, I had a pretty rough time. Let's just say that my first annual performance review was not sparkling. But, my supervisors and mentors knew that what I lacked in Excel wizardry (the skill set I was hired for), I more than made up for with my strategic insight and talent for building relationships with senior clients. So they created a new job for me, and I made a lot more money for all of us using my unique currency.

Since then, while I have made my living using my marketing and sales skills, I've always been aware of my biggest currency. No, it's not my amazing wit and absolutely stunning good looks. It is my capacity to contribute to the success of people in my network by introducing them to other people in my network for mutual gain. It happens every day.

Often our most valuable currencies are things we do that seem as natural as breathing -- natural to us, but to others, these skills are a real rarity! If you know tax law, that's a currency to a lot of us. Can you get someone upgraded at the NY hotel that your brother manages? That's a currency too. Perhaps it's something else. No matter what it is, you can find it by simply thinking of what others can gain from you. Here are two quick stories of how a couple young guys' currencies went from lost to found.

The Chinese MBA Student
Our company, FerrazziGreenlight, was conducting a training session called Relationships for Revenue and Career Growth for the first-year students at the Yale School of Management. When we got to the currency discussion, one international student said in broken English, "What kind of currency do I have for my classmates? For God's sake, I can barely even speak English." So I asked where he came from. "China." Wow, I thought. You come from China, perhaps the biggest future market on the planet, where everyone from Fortune 500 executives to garage-startup entrepreneurs need to know how to do business or miss a huge opportunity. Still, you claim you don't have a currency? What are you thinking? He wasn't. But once he thought about his currency in terms of what others could gain from him, he got it.

From Issue | November 2004

Comment

Special Editions?