With Ric Flair's induction into the WWE Hall of Fame, WWE showed that it can be willing to work with other promotions.
WWE allowed one of their superstars to appear on a future TNA DVD in exchange for TNA allowing Ric Flair to appear at the induction ceremony. Fans loved seeing Ric Flair back with WWE for a night. So why can't things like this happen more often?
TNA and Ring of Honor was the most well-known partnership up until 2004. ROH stars were allowed to show up in TNA and vice versa. Stars like CM Punk, AJ Styles and Christopher Daniels appeared on both promotions. Some might argue that the agreement pushed them all to further levels.
But WWE never had such an agreement. At most, WWE worked with ECW at some brief points.
Could WWE working with a promotion like ROH or Dragon Gate USA be beneficial? I believe it can.
Low- to mid-level stars in WWE could be top stars in other promotions. Kofi Kingston would be a multiple-time ROH World Champion should he ever go there. Top stars in ROH like Davey Richards could eventually turn into a mid-level to high-level prospect in WWE. There's no downside to giving it a shot.
WWE uses many stars very minimally. Guys like Tyler Reks, Tyson Kidd, Yoshi Tatsu and Alex Riley. They are all low-level stars in WWE. But in other promotions, they could potentially go from the mid-card to being top stars. We've seen stars go from WWE to other promotions only to come back to WWE as a title contender. We've seen Christian go to TNA and return as a heavyweight championship contender. Recently, we've seen the return of A-Train, who now wrestles as Lord Tensai. He just picked up a win over John Cena, the face of WWE.
There is no harm in trying it out. Let Jack Swagger or Evan Bourne leave and gain popularity in other promotions.
WWE would garner more popularity. Other promotions would garner more popularity. Let's be real. When other promotions become more popular, it benefits WWE because when we see them show up on Raw, it makes a bigger splash.
WWE should really look into creating a loan program with another promotion except for TNA, since they are the biggest competitor for WWE. Sending stars to work in New Japan Pro Wrestling or Ring of Honor could change the wrestling world forever.