Skip to main content

Understand the Concept of Cooperative Competition

0:04
14:06
45.2K views

At 0:04 in

How to make Money From your Competition

What happens here

The video introduces the core concept of 'cooperative competition,' where businesses collaborate rather than solely compete, leading to mutual benefits. The presenter highlights how this strategy can put 'thousands of dollars' into pockets annually. The idea extends beyond material purchasing to sharing resources like excess dirt, which is the focus of the practical demonstration. Viewers are encouraged to think creatively about how alliances can benefit their specific business needs, mentioning buying alliances for materials and broader alliances with other companies to increase purchasing power with suppliers.

Goal: Grasp the principle of working with competitors for mutual business advantage.

What they say

Hide

in today's video I'm going to show you how I work cooperatively with my competition and I literally put thousands of dollars in my pocket every single year and so do they and what we're going to focus on today is working with dirt but what I want you to think of is I want you to as you see how I work with other companies to get dirt find dirt um I want you to think outside the box I want you to think of ways that if you're a landscaper can you possibly work form an alliance with other companies and increase your purchasing power with a supplier maybe if eight nine or 10 of you got together and went to a material supplier and said hey the 10 of us agree to purchase materials from you will you give us the best deal around trust me I've done that too today's video doesn't cover that but it does cover something along those lines so as you're watching it start thinking how you can make this Supply and work for you and then at the end of this video when you're done watching it put in the comments any of your experiences what have you done how have you worked with your competition to improve your own business this is a huge thing that I think a lot of us are missing out on and if we just understood the impact of how working with hand inand with our competition can benefit each and every one of us it would change the way we think watch this and let me know what you guys think time to talk to you about a concept that I mentioned before but I'm going to drive it home real life world example work with your competition you

Auto-generated from the video audio.