Tag Archives: brand

Understanding Your Socical Currency is the Key to Success

 


Understanding Your Socical Currency is the Key to Success

By Gerard Adams @IAMGerardAdams

The way you value people, and the way people value you, isn’t perfectly measurable. However, we can see trends that occur between different types of people.

Many entrepreneurs, including myself, believe that the people we spend the most time around will dictate who we are as people. It was perhaps best described by entrepreneur Jim Rohn, who stated that we’re the average of the five people we spend the most time with. While the math may not be perfect, the idea is pretty clear. We pick up the habits, thoughts and actions of those we spend time with. If we surround ourselves with hard workers, we tend to pick up their hard-working ethic.

Conversely, the people we spend the most time with are picking up habits from us. If we are hard workers, people will naturally want to keep us close. The closer you look, the more you’ll see that you’re picking up the habits of those close to you — and they’re picking up yours.

While we may not be the average of just five people, we are an average of our circle of influence. The more successful people we know, the more likely we are to be successful ourselves. I like to measure the value of people within your circle of influence with something I call social currency. Social currency is your value, and it can mean everything if you’re striving to be an entrepreneur.

Social currency isn’t a label that says one person is better than another. Instead, it represents your value to the world. By developing your social currency, you can move closer to living the entrepreneurial lifestyle.

Developing your brand.

Entrepreneurs understand the importance of branding. But we can brand much more than a business or an idea. Everybody is their own brand, and they’re trying to sell themselves to other people. We tend to attract certain types of people based on our brand, and we can influence our own value to others by the way we brand ourselves.

There are plenty of ways to develop your brand, but the easiest might be by changing your circle of influence. This can develop your brand in three separate ways.

The first is based on how you interact with others. As you surround yourself with people who live the entrepreneurial lifestyle, you’ll begin to get associated with certain people, projects, ideas, etc. If people know you’re spending time with successful entrepreneurs, it will gradually change the way they view your personal brand.

The second is based on your subconscious development. The more time you spend around entrepreneurs, the more likely you are to pick up on the subtleties that make them unique. You will then tend to act similarly, and this will help fuel your entrepreneurial spirit. Others will see this, and it will be represented in the way you brand yourself.

The third is through content, an idea that I’ll explain more in-depth at a later time.

Your circle of influence.

Your circle of influence is going to be the best way to increase your social currency. The better the quality of your circle of influence, the more social currency you’ll command.

When you think about your circle of influence, who is in it and what you want it to look like, remember that there’s more to a circle of influence than other people. You’ll be responsible for creating a strong circle, and people will be hesitant to join your circle of influence if you aren’t holding yourself to high standards.

If you want to expand your circle, expand yourself. Don’t wait to be surrounded by people who will gradually improve you because of association. You have to start somewhere, and you need to do some of it on your own.

Think about what your current value is, and ask yourself this — would you want to keep you close? The entrepreneurial lifestyle doesn’t happen just out of the blue. You need to work hard to get anywhere, even if your circle of influence offers you the connections you need.

Build yourself as an individual. Think about what sets you apart from others, and begin to develop that. Of course, there are plenty of other steps to take after this, but this is the first step if you plan on getting anywhere as an entrepreneur.

The next step.

Social currency is an idea that doesn’t start and end with your circle of influence. Your social currency is going to be constantly changing, and it requires constant attention if you want to try and maximize your value.

At the same time, your circle of influence isn’t going to be the only way you can change your social currency. As an entrepreneur, you’re going to be much bigger than the people you know. Others will want to see what you’ve done, how you sell yourself and what you can do for them before they buy in.

A big factor that determines your social currency is the content you produce. Content can be just about anything, from a business you create to a blog post you write. The better the content you produce, the more people are going to respond to you. This, in my opinion, is the real key to growing your social currency.

Making sure you’re developing the right content to grow your social currency isn’t an easy task. Just like the path to entrepreneurship, it takes hard work, time and dedication. However, those who are able to commit themselves will expand their own value, and they’ll reap the benefits through the entrepreneurial lifestyle.

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How To Increase Your Brand

 


Why Entrepreneurs Should Turn Their Expertise into a Book

By Assuanta Howard @astapubl

Entrepreneurs who have published books are able to extend their brand, become public speakers, gain more customers, and more. Being a published author will open many doors to you and grant you with opportunities to increase your income and add to your credibility.

Writing a book is an opportunity to reach out to an audience that never would have found you. It’s a chance for you to expand your audience and demonstrate your expertise, philosophy, and best practices. According to an article written by Laura Cross, “Writing and publishing a book related to your expertise will have a significant impact on your credibility and can substantially increase your bottom line. In a survey conducted for the Business Impact of Writing a Book:

  • 96% of authors reported that publishing a book positively influenced their businesses
  • 94% said it improved their brands
  • 95% generated more speaking engagements
  • 96% generated more clients
  • 94% generated more leads
  • 87% said it allowed them to charge higher fees
  • 87% reported that it allowed them to generate a more desirable client base
  • 76% said it allowed them to close more deals`1

What those figures reveal is that if you’re serious about your business, becoming a published author is no longer an option, it’s a necessity for market advantage.

There are many reasons why a business owner should write and publish a book and the top four are listed below:

  1. Enhances Your Visibility-Writing a book positions you as an expert within your industry.  Differentiating yourself in the marketplace is more important now than ever before. What makes you unique? Why should someone hire you over your competitor? Having a book to your credit helps you answer those questions.
  2. Be Seen as Credible– You will gain instant credibility and people will be more inclined to trust and believe you. Being an expert author helps you cement your credibility and deliver your expertise to a wider audience.
  3. Elevate yourselfabove your competition by being known as “the expert” people go to for the type of service you provide.
  4. Opens Doors-Establishing your brand creates a multitude of opportunities to increase your revenues and profitability as a business owner. You can command higher fees, receive high-level speaking invitations, attract high-value clients, and sell more products and services.

It has never been easier for an author to write and publish a book. Writing it is a challenge, but is should not be seen as a deterrent. A published book will provide you with an avalanche of unforeseeable opportunities to increase your brand, increase your credibility, and increase your profitability.

Assuanta Howard, CEO, Asta Publications has helped many authors write and publish their books. If you are an entrepreneur or business owner it’s time to turn your expertise into a book. Visit: http://www.astapublication.com or e-mail: ahoward@astapublidations.com to learn how.

About Your Reputation

About Your Reputation

By Cooper, The CEO

Early in your career, things like the college you attended, your GPA and your social circle weigh heavily on your career opportunities. Over time, these are replaced by something far more enduring, your reputation — or what some refer to as a “Personal Brand.”

There are many blog posts and even entire books devoted to personal branding. Most of it’s trivial… Things like how to stand out in a crowd and playing politics to manage people’s perceptions of you. But lipstick-on-a-pig approaches won’t work for building the kind of reputation that opens doors to rich and unexpected career opportunities.

So how do you build a personal brand?

You’re building a reputation every day by what you do, what you say, and how you say it. For most people, personal brand is an accident of personality and preferences.  But, for the truly successful, personal brand is a conscious act rooted in personal values and cultivated behaviors.

Our personal brand is rooted in our personal values. I think of personal values as ‘quirks of personality.’ And our individual quirks cause certain things to be important us… sometimes unreasonably and irrationally important.

We may or may not be able to control our values. That’s above my paygrade, so I’ll stop the armchair psychology and focus on something that certainly is in our control — our words and deeds. 

Building a great brand takes time. So, the sooner you get started, the better. 

What do you want to be known for? What do you want your personal brand to be?

Think about your job… Somewhere there’s a person with your job that is literally the best person at that job in the world. What specific behaviors make them great? 

  • What time do they show up for work?
  • How do they plan their day? 
  • How do they talk to their colleagues?
  • How do they prepare for meetings?
  • What does their finished product look like?

This is probably a new concept for many of you. But take some time to think about the way you conduct yourself. Are your words and deeds creating the reputation you want to have?