Social Media: The Relationship Economy


We all live in a global village in a community that is not bound by geography but trust, where Social Media and social sharing is redefining relationships. Our network consist of a mix of friends that we know in real life and E-quaintances that we have connected with online. It is a common occurrence to strike up a conversion with someone at an event and say aren’t we Facebook friends.

Connected World

In this connected world the line is blurring between the digital and real, professional and personal, public and private. We now spend more time in social networks then we do on email, according to Nielsen it consumes 22.7% of our online activity. This equates to approximately 5 hours per day, which means it is impacting our relationships and decisions. The digital landscape is changing the way we consume our news, build relationships, purchase products, and how we engage in conversations, ‘In the Real World.’

Today we can talk to brands directly online (20% of the tweets mention specific brand names.) When we go to restaurants we can check-in online with location based social networks like Foursquare. We can share with our network where we are eating and our dining experience in real-time.

Building Trust

Let me be clear nothing in the world will ever beat face-to-face interaction. Social Networks however have become a very powerful tool in building trust in an attention-based economy. One of the most valuable currencies that we have is trust and those that are digitally savvy can leverage the power of social networks to build genuine relationships in the real world.

The ability to view a person’s status updates in their social network, their tweets and their online activity tells a lot about their behavior and who they are as a person. Engaging in conversations in social networks has the ability to increase the speed of transactions in developing relationships, doing a business deal, or getting to know someone.

In the final analysis in the digital world that we live in it is not about the Technology. As you look to navigate life on Twitter, Linkedin, Facebook and in other social networks remember the basics. You are having a conversation, you are connecting with people. How would you talk to someone face to face? Would you walk up to someone for the first time and say hey follow me and by the way would you by this product?

Tips to Remember

1. Talk to people online like you would if you were face to face.

2. Be Authentic

3. Relationships are fragile so treat them with care.

4. Remember that everybody has ulterior motives just make sure your building relationships that are mutually beneficial.

5. Relationships are not measured in quantity but quality.

Remember with every tweet, status update, comment, blog post and face-to face interaction you are either building or tearing down relationships.

About the author

Hajj E. Flemings Hajj is the founder of Brand Camp University . He has been featured on Fox 2 News (http://bit.ly/Hajj_Fox2News), ESPN.com and BusinessWeek.com on the subject of Personal Branding. His clients include Walt Disney, Ford Motor Company, Skechers Footwear, U.S. Department of Defense (Telecom Division). He has spoken at Iowa State University, Davidson College, University of Michigan and numerous colleges and universities around the nation on personal branding, social media and career development to crowds of 3,500 plus.

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