Last night I attended one of the most amazing, ongoing, networking meetings available in the world. No this is not an exageration--it is the Silicon Valley Association of Startup Entrepreneurs aka SVASE. Last  night's panel has incredible substance factor and track records of success:

Patrick Chanezon, API Evangelist, Google; Jyri Engestrom Co-Founder Jaiku; Konstantin Guericke, CEO jaxtr and Co-Founder, LinkedIn; Ramu Yalamanchi, Founder and CEO, hi5

One of the big "Ah-ha" discoveries was what the panel described as "Social Objects" and the need to find a Social Object in order to build your business.

What Is A Social Object?

The examples given of Social Objects are the best way to describe what they are in business:

Ex.1-Youtube has video as it's social object. People come to youtube to watch video, they add their own videos, and they utilize other people's videos for their blog or website. This created the critical mass viral marketing we now see for youtube

Ex.2-Flickr has photos as it's social object. People post their photos, share with the network, they take away photos, and they virally spread the word about other people's work.

Do You Have A Social Object?

A great example of someone with a social object is America's mortgage broker Brian Brady. Brian's social object began as "the American Dream" aka home ownership aka money. People need funding to own a home and mortgage brokers provide that access to many new homeowners.

But Brian took it a giant step further. Brian became THE go-to source of information about mortgages on the internet. He socially networked everywhere, he commented, he spoke as a keynote speaker, and he built online recognition through blogging that has positioned him today.

How Do You Find Your Social Object?

What differentiates your business as a Realtor? Do you dominate a particular area? Are you perceived by consumers as the expert in that area-region? Or are you an expert in a area of real estate knowledge ie. Buyer's Agent, 1031 Exchange specialist, Seller's agent, or relocation expert

Tip: Remember a Social Object is something people revolve around, talk about to other people, continue to follow, and have an ongoing interest in maintaining a level of knowledge about in their lives.

 

 

 
Post is included in group: Realtors®
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6 Comments on Realtor Marketing Tip #24: Do You Have A "Social Object" In Your Business?

Dean,

I just started thinking about this for my newly developed team......and I will follow up with a post once we get it in play......great post.

06/20/2008 09:46 AM by Dan Brudnok - Realtor, e-PRO, ABR, CSP - Chester County RE Professional (Keller Williams - Exton - PA License Number #RS225179L )


Hello Dean,

I hope to learn about your views in web 2.0 and Social networking. You must have absorbed some really good points from all those super successful entrepreneurs.

I will be looking forward to your posts on the same topic.

06/20/2008 10:10 AM by Aniruddha Badola | Real Estate SEO (Enovabiz Solutions)


Never heard of the idea of a social object. But I am so glad I am on AR so I can learn about it. I will have to think about it for my business. Thanks

G

06/20/2008 10:33 AM by Gerard Maher, CRS San Diego, CA (Coldwell Banker Residential)


Hi Gerald- That was a first for me too! It is a phrase with the context being how can you build a business on the internet, scalable aka huge growth, that utilizes viral (word of mouth) marketing. What point within your business do you share with your audience?

AB- I will attempt to do my best and bring forward some things talked about last night. Social Objects were one of the biggest points. The talk was based on "Open Social" and how you could scale a company today. One of the debates was between Konstantine and his former Co-Founder. Konstantine believes in "monetizing" your service-product as a path of growth comes second. Konstantine's former partner believed that you grow your audience as fast as possible then attempt to monetize utilizing your audience via advertising model revenues.

Let me foreshadow my next post--It is a quote from a very famous Silicon Valley blogger and VC based on the following "What is your Unfair Advantage in Business?"

Dan-If I have it right think about what people would talk about within your business. Do you have a differentiating factor?

06/20/2008 06:05 PM by Dean Guadagni (Domus Consulting Group; Inner Architect Media)


Hi Dean,

Great post!  You are so right.  Viral is the next way of internet marketing.  Hope you are having a great weekend.

06/22/2008 10:39 AM by Bill Exeter (1031 Exchange Expert) (Exeter 1031 Exchange Services, LLC)


Bill, It's great to see you! I hope all is well and I would love to hear your impressions of the exchange industry, laws that may be on the docket, and how everything is shaping up with Okun issues almost out of the way. dean

06/22/2008 12:57 PM by


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Real Estate - Other: Dean Guadagni (Domus Consulting Group; Inner Architect Media)
Dean Guadagni
San Rafael, CA
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