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Sep29
Where is Whuffie? The importance of Social Capital

Run, don't walk, over to Tara Hunt's blog entry on The Future is Feminine

http://www.horsepigcow.com/2007/09/13/the-future-is-feminine/
and her slideshow on "How to Make a Gabillion Dollars with Community Marketing... or something like that"

http://www.slideshare.net/missrogue/making-a-gabillion-dollars-with-community-marketingor-something-like-that.

This uncommon marketer was one of the people I met when product testing Riya.com, the online photo search tool, and she currently runs Citizen Agency http://citizenagency.com, an interactive marketing firm based in San Francisco.

The theory of her presentation is that Whuffie http://en.wikipedia.org/wiki/Whuffie (reputation-based social capital) may become the dominant paradigm of social exchange, and that its focus on collaboration, open-source, cooperation, and sharing will ultimately overcome our current market forces of domination, competition, aggression, and one-upmanship.

I love the idea that we all have something to offer, and the more we are able to share our special, unique properties, the more successful we are. You could look at this as you selling your book and reaching hundreds, thousands, or millions of readers with your message, or you recording and selling your CD or DVD and establishing your vision or music in the minds and ears of fans around the world, or you taking your invention into production, and sharing your great gadget or design with people who benefit  and enjoy that product.

In Tara's presentation, she talks about "finding something that you can give away (without going broke)". I always recommend that other women business owners do this: it may be as a mentor on a one-on-one basis or in a group setting, it may be pro bono consulting or product samples for worthy causes, or it might be supporting someone else who really needs your assistance.

In our case, we offer a number of resources on website design, and on my ASuccessfulWoman.com blog, I'm adding a number of articles related to women's success in work, play, and life.

If "whuffie" becomes the medium of exchange, then we will all benefit from a standard where "doing good" is required to advance. This goes far beyond cause-related marketing, or targeting messages to a certain part of the consumer market. This means accumulating social capital based on your relationships, your reputation, and your good name (things that you have to earn, not buy).

What is your "whuffie" score and how are you going to earn your social network? How responsive is your company? How well will you deal with a world where relationships really make the difference? I'm curious to know readers' opinions on this.

Sep28
Product Recalls and Tough Choices: An example from Thomas & Friends and Kolcraft Playpens
United States consumers, always on the lookout for plastic, cheaper prices, and 99-cent value, have created a system where big-box retailers succeed (to the tune of $315 billion in 2006 revenues last year for Wal-mart). Next time you walk through... Continue Reading
Sep27
Spotlight on Success: Erica Ross-Krieger
Erica Ross-Krieger, M.A., N.E., has been inspiring entrepreneurs and corporate executives throughout the world to come to life more fully for more than 20 years. She is a seasoned professional business and wellness coach, nutrition educator, author of Seven Sacred... Continue Reading
Sep26
Air Native N7: Ready for Action! A Native American Shoe from Nike
Nike (NKE) is trying a new approach to selling their shoes: coming up with tailored products to minority customers.  Today, Nike is releasing the Air Native N7, a sneaker specifically designed for Native Americans.According to their press release, the Nike... Continue Reading
Sep14
Vera Wang: Chinese-American Designer goods at Kohls Department Stores
Vera Wang is a legend: with her eye for clean lines and her tasteful, elegant, dramatic style, which bride-to-be hasn't gushed over her gorgeous wedding dresses? Which bridesmaid hasn't swooned over one of her pastel gowns? Today is the release... Continue Reading
Sep13
Protect Yourself from Identity Theft
Phishing: How to tell when that E-mail is Fake!!!Damage to your reputation, your credit report, and your bank account are all symptoms of one of the biggest issues in consumer privacy lately: the safety of your identity!Most of us can... Continue Reading
Sep12
Greetings on the Holy Days of Rosh Hashanah and Ramadan
Happy Rosh Hashanah and Happy Ramadan to all celebrating these sacred days. For Jewish women in business and Muslim women in business, as well as their families, these days are some of the most important in the entire holy calendar.... Continue Reading
Sep 4
How to Influence People
I know that many of us as women of color in business are here because we felt we needed to make a change, or we felt that it was time for us to make a stand for something that was... Continue Reading

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