Advantages of using social software for building your network

As regular readers know, we use a five-part framework for analyzing individual social networks.

Using that framework, we suggest five ways social software can increase dramatically the power of your network. (For exact definitions of the terms below, see the first chapter of the Five Keys to Building Business Relationships Online–free download.)

• Improving your Credibility: You can improve your character, and make the quality of your character more visible, by leveraging social software. You have the chance to help more people and more people have the chance to learn what sort of person you are. You can become more competent because you have access to the collective knowledge of far more people than ever before possible.

• You can meet the right, Relevant people who can support you in achieving your goals, and vice-versa…regardless of where in the world they are located.

• You can Strengthen all your ties by communicating more frequently and being of greater value to people. We all know people whom we rarely, if ever, see in person, but with whom we feel strongly connected because of email.

• You can increase the Number of relationships you have, by increasing your visibility and interaction with people around the world. Similarly, you become a latent tie for every other internet user. You have probably heard of “passive income”, i.e., streams of income that produce money with minimal additional effort on your part. The internet enables “passive relationship building”. People around the world can find your internet presence and contact you, even while you are asleep.

• Lastly, you can build a radically more Diverse network.

Online friends

In the process of pounding away on the book tonight, I came across this great quote from my friend and colleague Justin Hitt, who teaches business executives how to develop and manage strategic relationships. He is a user of social networking sites, but a staunch advocate of a focused approach, emphasizing strong relationships.

“When online systems tell you that you can reach 98,000+ plus people, but you know you could not call on seven “friends” for advice and counsel, a conflict occurs.”

How true that is!

Preventing drowning in e-mail

The IHT reports on the IBM Remail project, which is trying to make email useable again.

IBM’s collaborative user experience team has identified three key problems: Employees feel pressure to respond quickly; they lose track of e-mail; and they suffer from overload from the sheer volume of messages. IBM researchers are seeking to address all three in the Remail project and in future versions of Lotus Notes and other software.

I’m disappointed that the author, Robert Weisman, does not discuss the value of tools like wikis and blogs to reduce our cultural dependence on email.

Canned messages are lame

I received an invitation to Multiply this week from Christian Crumlish, author of The Power of Many (and, btw, the guy who I met via LinkedIn and Ryze who introduced us to our agent). Here’s what it read:

Personal message from Christian:

orkut is the suck. multiply is probably evil too, but i’m
testing the import feature….

also, canned messages are lame.

how the hell are you?

Yes, he sent this to almost all his Orkut contacts. Yes, it was about the 10th invitation to Multiply I received in a week. But it still made me laugh. It still prompted me to write him and answer that last question (and ask his OK to post this). And I’ve ignored the other 9 invitations.

He’s right… canned messages ARE lame. Right here, right now, I’d like to tell every single social networking site to eliminate the canned messages. I know you think you’re making life easier on your members, but what you’re really doing is killing interest in your sites. Every single time I receive an invitation with the default canned message, unless it’s a close personal friend just going through the mechanics, I file it in the “maybe someday” file (which I usually don’t get around to).

If you’re not willing to take the time to even personalize a message to a small group of people, like Christian did above, why would you expect me to just open up my calendar and contact list to you?

Use invitations as a relationship-building tool. The only way to do that is by personalizing them. Use the canned invitation, and for everyone who’s received an invitation from that site before, you’re actually weakening the relationship, not strengthening it.

We all recognize that we’re using these sites to handle larger numbers of relationships. I still don’t want to be made to feel like a number.

Risk Management Goes Mainstream

Greenhouse Associates writes on Risk Management Goes Mainstream about the mass market need for verification services:

True.com, now uses the Rapsheets service to conduct criminal background checks of its members. According to the Wall Street Journal, about 11% of the site’s 750,000 visitors were found to have felony records.

Ironically, their headline is true on the financial level as well as the social networks level; I expect more and more individuals will use baby versions of the risk management tools that companies use.

Last call for online networking stories and examples for our book

We’re down to the wire — our manuscript goes to our publisher next Monday. We’ve got a complete book — a really good book — but we think a few more real-world examples and stories will help make it a great book.

UPDATE: Many thanks to the numerous people who sent in stories in response to this–almost all ended up in the book. Our manuscript has gone to the publisher, but we still want more stories. A truly excellent or unusual one could still be slipped in. We also will continue to highlight success stories here on this blog, in articles we write, our training courses, and more.

Here’s our laundry list of what we’re looking for:

  • An example of a business-oriented personal website from someone who is an employee, not an entrepreneur or solo professional, and that is NOT a blog, e.g., it contains articles, a personal profile, etc.
  • A story about someone who has had repeated success selling big-ticket items by leveraging social software / social networking sites.
  • A story about how online communication differs from face-to-face communication at a very personal level, e.g., you didn’t realize the person you were dealing with had some sort of disability, because it never came up in the online interaction.
  • A business-to-employee community that has some kind of public face. Doesn’t have to be much publicly visible – just need something to point to that’s not entirely behind firewalls.
  • A success story from a university alumni network about finding a job, business partner, new client, etc. We’d prefer one using the school’s own private network, but one from someplace like Classmates, Friends Reunited, or The Square would work, too.
  • Someone with a very compact, business-oriented, archetypal blog — probably a fairly new one so that the archive and blogroll section aren’t too long. It needs to have: categories, search, calendar, archives, blogroll, comments, TrackBack, etc., and if possible, fit all that in “above the fold”, i.e., on the first screen full without scrolling. Tall order — I know!
  • An example of a distributed conversation between two or more bloggers on a non-technical, but business-oriented subject, e.g., blogger #1 person posted something, blogger #2 commented on blogger #1′s post and also created a longer response on their own blog, which blogger #2 linked to when he “answered” on his own blog.
  • A real example of an introduction following this model pretty closely. Of course, my Sent Items folder is full of them – but I need an example from someone else! ;-)
  • Unusual success stories from social network visibility sites/software, i.e., LinkedIn, Spoke, ZeroDegrees, VisiblePath, Contact Network Corp.
  • Success story about the use of social software inside a large organization, e.g., Autonomy, Tacit, Entopia, etc.
  • Business-oriented success story about using online tools, e.g., Meetup, to organize groups for face-to-face interaction.
  • Success story about benefit of using real-time technologies, e.g., web conferencing, as a relationship-building tool — NOT as a “sales tool”. I’m looking maybe for people holding unstructured or semi-structured regular meetings (like Rob Frankel’s Monday chat sessions).
  • A story about how two people built trust based upon their respective histories and other information that was readily available about them on the web, thereby accelerating their ability to enter into a deal that required high trust, e.g., a business partnership, buying a business, etc.
  • A story about how someone uses social software both to increase and demonstrate their professional competence.
  • One of those biting examples of British humor that borders on flaming, probably in response to an Ecademy blog post. ;-)
  • An anecdote about someone who handles a huge volume of email.
  • An example of a really great, fairly detailed, HTML email signature.
  • A positive story about someone who proactively protected/reclaimed his online privacy without sacrificing online visibility – maybe after an identity theft incident, for example.
  • An example of trusting someone online a bit too quickly, e.g., they revealed proprietary information or intellectual property which the other person took advantage of.
  • An example of viral marketing / buzz generation for a product within business-oriented communities — NOT tech-oriented and NOT consumer-oriented.
  • The absolutely greatest, most interesting, most unique, most powerful story you’ve ever heard about online (not hybrid) networking.

If you have experienced one of these stories yourself, or can point us to someone who has, or can accomplish it yourself by this Friday (!), please submit it to us ASAP. The deadline for submissions is this Friday, August 20, at 4pm Eastern. In the interest of time, please submit the complete story/example, not just a query to see if we’re interested. Be sure to include your email and phone number so we can follow up with any questions.

a) This is a great opportunity to tell your story in a major publication.
b) Please help!

Whichever of the two statements above motivates you, ignore the other one!

Making introductions online

Introducing two people virtually is significantly different than introducing them face to face. In person, they are a captive audience. If you are at an event, and introduce one person to another, simply their name is sufficient if you have just met them yourself. If they are a friend or colleague, one additional sentence telling what common interest or purpose make it compelling for one to meet another, is sufficient.

In general, the person to whom the introduction is made is mentioned first, followed by the name of the person being introduced. For example:

“Jim, I’d like to introduce you to Ed. Ed is a biotechnology professor, and Jim’s fund does a lot of work in that area.”

At that point, they are under a certain social obligation to talk to each other. You may stay and participate in the conversation, but you are likely to slip into more of an observer role.

Online, though, whether via email or in a social networking site, the situation is very different. Many people are so overloaded with email that they simply can not (or do not) reply to much of their email. Attention is a precious commodity. If you feel the introduction is worth the time and effort to make, it is certainly worth taking the time and effort to make effectively. While there is still some social obligation for them to strike up a conversation, it is quite easy and very common for them not to.

You will serve both people better by making an introduction that not only gives their names and some basic information, but also gives them both a convincing reason to follow up and some ideas on how to do so. The following outline will help you make this kind of introduction:

  • Who you are – If the person you are contacting may not recognize you immediately by name, you should start with a brief reminder as to who you are and how they know you. If it is someone with whom you have not spoken in a while, you may want to remind them of your last conversation. You can write: “As introduction, you can read my profile at ____________.” If that seems egotistical or inappropriate, you could simply say, “As you may recall, I work for Goldman Sachs.
  • Your reason for writing – Tell them that you are writing to make an introduction of interest to them.
  • Who you are introducing – The name of the person you are introducing.
  • Background on the person being introduced – Since this is a business introduction, it is appropriate to give a brief description of the person’s line of work. You do not have to go into great detail. It is best to give a link to their website or their profile page.
  • How the person being introduced can benefit the recipient – What is the benefit to the recipient? Why is this worth their time and effort to respond and follow up?
  • Encouragement to the parties to connect – While this may seem obvious, the encouragement clearly shifts the responsibility for follow-up to the other parties and helps create a stronger sense of social obligation.

If you are making an unrequested introduction, simply repeat this in the other direction.

Here is an example of this format in action:

Marco:

Hi! How are you?

You may remember that Michael Schecter is a common friend of ours. Since we last spoke, I’ve gotten out of the consulting business and have returned to my true calling, teaching. I saw the recent press release (Ed, see below) and was reminded of our earlier discussions – I think there’s still a good fit in your company, but not for me.

I’d like to introduce you to Ed Marx, a friend of mine here in New York. He and I have known each other through our professional association for many years and have collaborated on several projects. I think he’d be great at, and interested in, doing the kind of work you and I were discussing.

Ed, Marco works for a company called ACME Services. They sell software to the manufacturing industry. I was talking with him a few months ago about how our services were complementary. The timing wasn’t right, but in light of their recent venture capital funding, it seems to me to make even more sense now, and I thought of you.

I know there’s a match in ability and interest — I leave it to the two of you to figure out if it works with both of your priorities and timing.

Nadia Romanov

Making these introductions is one of the most important aspects of growing your social network online. By making win-win connections among the people in your network, you help them achieve their business goals. You also enhance your reputation in the process. It does not take much more time to do an effective introduction as opposed to a cursory one, and by doing so, you serve yourself and your connections well.

Jigsaw's response to questions about spammers on their site

Jigsaw, a business contact exchange, just launched their official website. Their unique business model raises a lot of privacy/anti-spam concerns.

I wrote to the CEO, Jim Fowler:

> One obvious concern people will have about this service is that folks
> will use the addresses for purposes of spamming, and/or that the
> people behind Jigsaw have some nefarious intent. What information can
> you provide to alleviate those concerns?

He wrote back the following and gave me permission to reprint for publication:

Using Jigsaw for the purpose of collecting email addresses with which to spam is strictly prohibited by the Jigsaw Terms of Use. Any member Jigsaw identifies as a spammer will be locked out of Jigsaw permanently. In addition, Jigsaw does not use data added by members for spamming purposes.

From a practical standpoint, Jigsaw is not conducive to spamming because it
takes effort to get data out of the system. Even though a user gets at
least twice as many contacts out as he puts in, the effort is far too great for general spamming purposes.

That said, Jigsaw is a community database. Jigsaw members can take all of their data out of the system at any time, and it is possible that members could use the contacts they collect for spamming purposes. You can help by reporting any spamming activity by Jigsaw members to privacy @ jigsaw . com.

Best regards,

Jim Fowler
Jigsaw Data Corporation

I hear his points. That said, at some time soon someone is going to hack into the database of one of the major social network sites, and some users will become significantly less comfortable about the amount of personal information that is readily available on the web.

Paying to pump up your profile

An article (subscription required) in Monday’s Wall Street Journal tells of the new virtual cottage industry that has grown up around helping people present themselves better in online dating sites.

Services like PersonalAdMakeOver.com, E-Cyrano.com, and PersonalsTrainer.com are getting anywhere from $60 to $120 for online profile make-overs. LookBetterOnline.com is growing like crazy offering professional portrait photography optimized for online presentation for a very affordable $129.

We’ve written before extensively about the parallels between online dating and online business networking. Trends on the business side seem to follow trends on the romance side by 6-12 months.

The first signs are already there. LookBetterOnline is doing more and more business headshots and recently entered a co-branding deal with Ryze. Free peer reviews of profiles have become very popular on the Using Ryze Effectively Network, and have even sparked a dedicated Profile Critique Club on Ecademy.

I caught some flak from some people when I wrote back in April that education is the next big thing in online social networking. People thought I was just being self-promotional. ;-) Now, I’ve got folks like Mitchell Levy, Flip Filipowski, and the execs at LinkedIn, Ecademy, and several other sites agreeing with me. This is the direction we’re headed.

If there’s any business value at all in using online social networking tools, then there’s going to be a need (and corresponding business opportunity) for training on the topic — everything from over-hauling your Ryze profile to making effective email introductions to referral netiquette on LinkedIn and Spoke, etc. There’s especially going to be an opportunity around training for particular business functions and career objectives: business development, marketing, sales, job search, etc.

As I was discussing with Mitchell Levy today, a mature marketplace ends up with not only the core products/services for sale, but a robust eco-system of complementary adjunct products and services around it, a la eBay, and now online dating. Mark my words, you’ll see the same thing on the business side of online networking maturing in the next 6-12 months, and I’ll be there.

Oops, I just gave away my business plan…

Thefacebook.com vs. ConnectU.com

The Stanford Daily reports that the people behind ConnectU are complaining that Mark Zuckerberg of Thefacebook.com stole their ideas.

via Ken Wee