Whenever someone pours time and energy into a business, blog, product, project, etc their is a chance something will go ‘Red’. ‘Red’, meaning something is broken.

It could be a new marketing strategy you just implemented, an investment you just purchased, or a business’ finances operating in the negative. Ideas turn sour, things go wrong and you’re left with a mess.

The tendency for most, is to simply blame it on some external factor: economy, customers, oil prices, competitors, you name it. Or, just simply throw up there hands in frustration and give up.

Of course one of the most obvious reasons for not wanting to label something as Red, is nobody likes to admit they screwed up. But, as we all know, settling for something that is Red or mediocre at best is no way to be successful. After all, recognition of failure is a vital component in growth.

Business, Marketing, Blogging - it all seems so forced sometimes. The push/pull mentality that often surrounds these services is what ends up being corrosive. Why is it that we tend to look for the benefit of the transaction, instead of the joy in making a contribution? I’ve talked about attention and the effect it can have on economics. But is attention what we really ought to be seeking after? What is the benefit for the one giving the attention? Is there a benefit?

Most would say it’s our instinct to look out for ourselves first, make sure we are taken care of, receive something for our efforts. But do we actually gain anything by forcing others to listen to us? Would the intention of serving others perhaps fulfill the original desire of ‘receiving’ something for our efforts? There is a lot of concern as to whether the US market economy is unstable and tipsy at best, but what about the Gift Economy? Granted, the market economy is important and does have a close tie with our lifestyle, career, and security but where does the Gift Economy come into play? Does it matter?

The Gift Economy holds together the most vital characteristic of society - Love. Without love everything else falls apart. The market economy could be at its peak, but without the steady heartbeat of the Gift Economy, money holds no value, trust doesn’t exist, security is worthless, and freedom is useless.

What would happen if we took a different approach? What if we changed our strategy? What if we cared more about the customer than ourselves? What if we truly wanted to serve instead of take? Would we be setting ourselves up entirely, at the mercy of those “devouring” our precious gifts? Yes, probably. But who would win? For me, it all comes down to what constitutes winning. When the dust settles, what prize matters most? Is it money, popularity, knowledge, power? All of these are natural acquisitions when participating in the Gift Economy, but no that’s not really what I care about. I care about loving others well. And the only way to successfully accomplish this is to be part of the Gift Economy.

Are you participating in the Gift Economy? What are your thoughts on the Gift Economy and its effect on Business, Marketing, Blogging, etc?

I just finished reading Seth Godin’s new book, Meatball Sunday. I absolutely loved it. Seth does it again by explaining how New Marketing is king and whoever sticks to the old “secure” ways of Old Marketing will be left behind.

Basically selling average stuff, at an average price, to as many people as you can, won’t work anymore. As Seth points out in his book and Hugh MacLeod mentions in this article, “too many people are locked into the mass-market, neither-cheap-nor-remarkable bracket” and expect to receive attention. But attention is no longer free and easy to come by. With the wide variety of options available to us wherever we go (TV, Internet, etc) we now have the ability to choose what we watch, what we listen to, and who earns our attention. Yes, earn. The point that Seth makes is if we stick to the Old Marketing habits without embracing the ever changing dynamics of the New Marketing, people will take there attention and give it to someone else that creates something remarkable and worth talking about.