Ending Soon! Save 33% on All Access

Asking For A Favor: Apply Reciprocity As A Constant, Not An Anomaly Using your skillset and influence to spread around success is great for your business (and Internet) karma. Give it a try.

By Fida Chaaban

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock.com

I think it's important to talk about the relationships businesspeople maintain, and the underlying culture of favors that permeates those same relationships. We all ask for favors, and if you haven't yet had to cross that bridge, you will at some point or another throughout your uphill enterprise trek. I know I have. But when you're gearing up to ask someone for a favor, have you thought about whether or not you're really in the position to do so? What are the prerequisites that you need under your belt to be able to request a business favor from an associate?

I would say that the formula is an easy one to adopt. I applied this "mantra" to my own professional and personal conduct years ago, and it has paid for itself in spades. I am a big believer in what I like to call "Internet karma," and this all ties into the culture of favors at work in business globally.

Before you approach a business associate for a "little" favor, you need to ask yourself the following questions. Be honest, now.

  1. Have you at some point supported this person in a business capacity?
  2. Have you, of your own accord, made the initiative to demonstrate care for that person's professional growth?
  3. Can you honestly say that you promoted this person's business agenda, and made a positive impact on their business, however small it may be?

Answering affirmative to those three questions means that you are well positioned to ask for a favor- even a big favor. This favor could be a recommendation, an introduction to a key person, or even an opinion on your 2016 marketing strategy. You've given your time or your resources (or both) to help out this associate in the past, and the next time you're looking for an endorsement or a boost on your new digi campaign, you can bet they'll be on board, no questions asked.

But if you haven't taken the initiative to help out this associate in the past, why would you think that asking for something is a good idea? This is when my theory about Internet karma enters the equation. I'm active on a few different digital mediums, and I often use my personal account to promote other people's events and work (blog posts, videos, and campaigns included), and even gather information when it is needed by people I know. Because of that, I have great Internet karma. When I need a retweet or help promoting something, I've got tons of tweeps that are happy to do so of their own free will- it's the beauty of reciprocity.

Do I mind when people ask me for favors? Not if they've made a genuine effort to support my current or previous initiatives. The flip side of this is that asking me to promote your event or facilitate an intro probably won't go over very well if you've never expressed any interest in my endeavors. I think I'm like most professionals in this regard. Using your skillset and influence to spread around success is great for your business (and Internet) karma. Give it a try.

Related: Your Tough Experiences As An Entrepreneur Can Help Your Peers Succeed With Their Endeavors

Fida Chaaban

Chief Communications Officer, KBW Investments

Fida Chaaban is the Chief Communications Officer of KBW Investments, a privately held Dubai-based investment concern that works across multiple sectors. Prior to her most recent appointment, Fida was the founding Editor in Chief of Entrepreneur Middle East and Entrepreneur Qatar magazines. She is a big believer in the Middle East North Africa (MENA) region’s startup ecosystem, and endeavors to use both print and web to positively encourage development in various entrepreneurial spaces and across industries. Based in Dubai, UAE, Fida is a social media enthusiast and sees it as the medium of today’s effective enterprises.
Entrepreneurs

Get Set For The Third Edition Of Red Sea Foodtech Connect Taking Place In Riyadh On June 11, 2024, Under The Theme "Meet The Big"

Key stakeholders across Saudi Arabia's public and private foodtech sectors are expected to be brought together at Red Sea Foodtech Connect 2024.

News and Trends

UAE-Based Param Labs Secures US$7 Million In A Funding Round Led By Animoca Brands, With Support From Delphi Ventures, Mechanism Capital, And Others

Strategic investments were made by Animoca Brands co-founder Yat Siu and FaZe Clan co-founder Richard "FaZe Banks" Bengtson as well.

Business Ideas

87 Service Business Ideas to Start Today

Get started in this growing industry, with options that range from IT consulting to childcare.

Entrepreneurs

Taking On The World: Dubai-Headquartered Global Ventures Is On A Mission To Impact Millions Of Lives

Led by General Partners Noor Sweid and Basil Moftah, this enterprise proudly declares on its website that its vision is global, and its focus is growth- and Global Ventures has been clearly exhibiting its premise by supporting entrepreneurs in emerging markets that are working to "change the world."

Marketing

5 Types of Digital Content That Attract Warm, Ready-to-Buy Prospects (No Matter the Industry)

Learn about five types of content that will transform your warm audiences into customers!

Marketing

How Facebook's New Campaign Budget Optimization Feature Will Affect Your Business

Facebook has announced that all ad campaigns on the platform will start running with Campaign Budget Optimization (CBO) starting from September 2019, here's how you can leverage the opportunity for your campaigns.