We live in the age of information, connection and conversation. Any brand that will be successful today must understand generosity to thrive. To make impact you must go all out to help both established and upcoming brands. I am beginning to understand that you must be ready to give without a demand for returns immediately when you are pioneering a cause. I have made a commitment to help, affect as many people that need my professional advice. Each day I get called from students who are interested in brand community building, social media and how it relates to Public relations, marketing etc.
As tight as my schedules are, I have learnt to create time for them, took them one- on -one session and load them with enough materials they will need to stand alone. Sometimes that appears a mere waste of time but recently I was doing a study on social and cultural capital and this gave me a new perspective. While trying to help, I discovered my brand is becoming visible to future managers who will hold position of authority in the industry. As we know visibility and reputation affect the decision making process and at the end of the day they influence behaviours.
It is a privilege to have knowledge to share. I read recently also that ‘When an individual has a lot of people in his/her life who are willing to support him and his ideas, people who want to hear what he has to say and who are interested in talking to him and talking about him, such an individual has an incredible gift that is called social capital’
Social capital also refers to both network of relationships, you have and have access to. French sociologist Pieitrre Bourdieu also defined social capital as ‘the aggregate of the actual or potential resources which are linked to possession of durable network of more or less institutionalized relationships of mutual acquaintance and recognitions’. Funding this account so that you can draw on it later means that you are making connection, building bridges, reaching out to people with aim of giving, staying in touch always with either your strong or weak ties.
Weak ties are those you meet in occasions, online but there is no such bond but you are willing to stretch yourself to those that matter. Technology, social software and networking sites can help us to do this well. You do not need to visit or having to call them every day. But we may need to acknowledge that it is not how many we have that count but how you make use of them.
As good as social capital is, it has limitations. So what takes your brand from here is cultural capital. Cultural capital rests on depth of influence. A great connection or network without strong influence will not help much. Cultural capital encompasses person’s knowledge, experience, connection to the extent, amount of influence a brand has in a society or tribe.
What this meant is that with all the social connection, if the brand has no expertise, experience, knowledge among other great features, it may not wield influence that will guarantee enough capital that it will need to exchange for other tangible or intangible values. The import of the above is while trying to build connection, network among other ingredients that will help build brand’s social capital, the depth of the value of such capital can be affected when the brand lacks expertise, experience and knowledge that will add up to brand’s depth of influence on the social network that produces the cultural capital.
In closing, every brand needs to start from somewhere. Start building your social capital while you are still building your cultural capital. If you have to wait until all the features of Cultural capital are in place before building social capital it may be late. Research has shown that Social capital plus Cultural capital will always guarantee heavy financial capital. Someone actually concluded that Social capital and Cultural capital are greater than financial capital. Whether that is true I cannot draw conclusion here. But what do you think?
When it all started, very few people gave this baby, new trend a chance of survival. There were one thousand and one reasons why people thought it could not survive. The low level of infrastructure, cost of access to Internet was not within the reach of average person on the street. But few of us saw the possibilities of universally connected people, communities and brands that shared opinions and exchanged pleasantries as friends.
To say we live in changing times is an understatement. Each new day brings its own uniqueness. what used to be hot yesterday is no longer so. Marketing strategy of last century may no longer be tenable. What we have noticed is that some still want to stick to the old way of doing things.Today, marketing trends are going the way of conversation and engagement. The old four Ps are obsolete.It is now mandatory for marketer that will command respect to understand what it takes to play in the game of marketing today.
This twenty six year old late upcoming Hip Hop artiste was laid to rest on Friday 30th April, 2010. He was such a promising young man with a bright future anyone can think of.He had gone through stuff, his life was a rise from grass to grace. He was favoured also by the creator of universe who helped him.
Today we are all faced with choices. Choices to remain silent, dumb and become irrelevant for ever or to take the risk of what can lead us to greater opportunities. There is no hide and seek in the fact that there has been a continuous surge in the numbers of Nigerian population on the internet. Nigerians continue to go to where the ball will be irrespective of the challenges. The level of infrastructure, the cost of acquisition of internet services is not still within the reach of millions of Nigeria. Meanwhile, it is given as a funder mental human right in other climes.
Many new things usually attract fascination either from pros or quacks. Everyone wants to be seen as current and up to date. In our effort, many forget to understand the rudiment. They rather try and fail than to be seen as not have tried. Great attitude but I guess what is worth doing sometimes is worth given necessary attention in order to excel in it.
Last weekend I was at The Nigerian Bar Association, Ibadan Oyo state Nigeria meeting. I had the privilege of speaking to lawyers, some of whom have being practicing for decades as well as young ones. Social media is affecting the dynamics of the way we all operate either as business owner, individual or professional.
As an individual, I have come to cherish the adage that says only fools doubt proofs. It is good to read good books about anything but if all our experiences stop at reading books without a practical application of all we have read, it may become a wasted effort. To excel today, we must be able to ‘show’ it instead of just ‘telling’ it.
Yesterday one of the major print media in Nigeria sought my opinion on the value of social media to business. This discussion is published today in the paper’s business page. I am happy that social media is beginning to show up in the radar of our business operations. But as we know the bandwagon effect of many businesses rushing to embrace the platform will affect Returns on investment they can all derive. Social media is helping business owners shape perception. Like one writer says ‘Perception is all there is. There is no reality only perceived reality’ Therefore we must learn to manage perception in social media through a stand out initiative.