Social Currency More Than Just a Fad

By , Business Growth & Marketing Expert

Solo-E Certified Solo Entrepreneur Expert

Sandra P. Martini - Business Growth & Marketing Expert

Included with the current social networking and Web 2.0 craze is a resurgence of the concept of “social currency”.
I first heard the concept described as the “whuffie” factor from Cory Doctorow several years ago.

When cut down to its barest essence, I think of “social currency” as essentially the trust and personal connection you create with people when you do things for the better good, or in service of others.

Building social currency equates to taking people on the journey of first being a disinterested prospect (MAYBE they’ve heard of you), to wanting to know all about you, to then becoming a client and, if you’ve done your job well, a passionate advocate.

You see, it’s not money which makes the world go round. . .it’s relationships.

Building them with your prospects and valuing them with your clients — above all else — is the mark of a successful business leader.

For some, increasing your social currency is as simple as getting up every morning — it’s who you are naturally as people and business owners. For others, it’s a great lesson in self-awareness and how you treat others (Scrooge is a classic example).

Make It Real: My Request to You

Here are a few ways you can earn social currency with your prospects and clients:

  1. Let your guard down and be open and honest with everyone, especially if you’ve made a mistake — after all, we’re all human and mistakes are gonna happen.
  2. Listen to what your clients and prospects are telling you — if not by their words, then by their actions.
  3. Remember that less is not always more. Treat your clients and prospects as you want to be treated, or better.
  4. Be client-centric and develop all of your programs, products, calls, etc. from a place of being of service to your client first and foremost.
  5. Look for ways you can contribute, just to help someone out or provide info without expecting anything in return, and act on them.

Earning social currency goes far beyond providing good customer service. It’s a way of being which shows your clients and prospects that you care about them and connect with them as people, not just as a revenue source.

How full is your “wallet”?

For the past 5 years, Sandra Martini has been showing self-employed business owners how to get more clients consistently by implementing processes and systems to put their marketing on autopilot. Visit Sandra at http://www.SandraMartini.com for details, compelling client testimonials and her free audio series “5 Simple and Easy Steps to Put Your Marketing on Autopilot”.

Creator of Escalator Marketing, Sandra Martini specializes in showing small business owners how to create a business with multiple streams of revenue while living their lives.  Known for her "tell it like it is" yet nurturing approach, Sandy's clients benefit from her over 20 years in the start-up and marketing fields.

© Copyright 2009 Sandra P. Martini
One comment on “Social Currency More Than Just a Fad
  1. Christine Gallagher says:

    Great points Sandra. Social media’s biggest draw for me is its emphasis on relationships. It’s a refreshing break from in your face marketing if you are doing it right.

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