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The book that catches the crest of Web 2.0 and shows how any business can harness its power by increasing whuffie, the store of social capital that is the currency of the digital world.
Everyone knows about blogs and social networks such as Facebook and Twitter, and has heard about someone who has used them to grow a huge customer base. Everyone wants to be hands-on, grassroots, and interactive, but what does this mean? And more to the point, how do you do it?
As one who has actually launched a company using the power of online communities, and who now advises large and small companies, Tara Hunt (named by the San Francisco Chronicle, along with luminaries Jimmy Wales and Tim O’Reilly, as a digital Utopian) is the perfect person to do this book.
While The Whuffie Factor will traverse the landscape of Web 2.0 and show how to become a player, it is not just another book about online marketing. People see the huge business potential of the online world and the first impulse is: Let’s throw a bunch of money at it. To which Tara Hunt says: “Stop! Money isn’t the capital of choice in online communities, it is whuffie–social capital–and how to raise it is at the heart of this book.” In the Web 2.0 world, market capital flows from having high social capital. Without whuffie you lose your connections and any recommendations you make will be seen as spam–met with negative reactions and a loss of social capital.
The Whuffie Factor provides businesspeople with a strategic map and specific tactics for the constantly evolving, elusive, and, to some, strange world of online communities. By connecting with your customers through community interaction, you’ll raise your social capital, create demand, and sell more product. Consumer loyalty is a direct result of whuffie. With great stories of online business successes and cautionary tales of major missteps–recording industry, anyone?–Tara Hunt reveals how social networking has more influence over buying decisions than any other marketing tool and how your business can tap into the vast world of Web 2.0 to build an unshakable foundation for twenty-first-century-style online success.
For those without millions–even thousands–to throw around, here is a fresh perspective for using social networks to help build a business whether you are a start-up or a Fortune 500 giant. Even those in big rich companies need to learn how to be effective and not waste their money. For them–as well as the entrepreneur–The Whuffie Factor is an eye-opening guide to a world they probably don’t understand all that well.
Everyone knows about blogs and social networks such as Facebook and Twitter, and has heard about someone who has used them to grow a huge customer base. Everyone wants to be hands-on, grassroots, and interactive, but what does this mean? And more to the point, how do you do it?
As one who has actually launched a company using the power of online communities, and who now advises large and small companies, Tara Hunt (named by the San Francisco Chronicle, along with luminaries Jimmy Wales and Tim O’Reilly, as a digital Utopian) is the perfect person to do this book.
While The Whuffie Factor will traverse the landscape of Web 2.0 and show how to become a player, it is not just another book about online marketing. People see the huge business potential of the online world and the first impulse is: Let’s throw a bunch of money at it. To which Tara Hunt says: “Stop! Money isn’t the capital of choice in online communities, it is whuffie–social capital–and how to raise it is at the heart of this book.” In the Web 2.0 world, market capital flows from having high social capital. Without whuffie you lose your connections and any recommendations you make will be seen as spam–met with negative reactions and a loss of social capital.
The Whuffie Factor provides businesspeople with a strategic map and specific tactics for the constantly evolving, elusive, and, to some, strange world of online communities. By connecting with your customers through community interaction, you’ll raise your social capital, create demand, and sell more product. Consumer loyalty is a direct result of whuffie. With great stories of online business successes and cautionary tales of major missteps–recording industry, anyone?–Tara Hunt reveals how social networking has more influence over buying decisions than any other marketing tool and how your business can tap into the vast world of Web 2.0 to build an unshakable foundation for twenty-first-century-style online success.
For those without millions–even thousands–to throw around, here is a fresh perspective for using social networks to help build a business whether you are a start-up or a Fortune 500 giant. Even those in big rich companies need to learn how to be effective and not waste their money. For them–as well as the entrepreneur–The Whuffie Factor is an eye-opening guide to a world they probably don’t understand all that well.
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28 reviews
37 of 42 people found the following review helpful
Not even a magazine article, stretched into a book
19 Oct 2009
Format:Hardcover|Amazon Verified Purchase
I've become increasingly accustomed to ideas best captured as magazine articles being extended into books. It's sometimes a bit offensive to be sold something long when something short would have done.
"The Whuffie Factor" is something else entirely -- a sentence or a paragraph expanded into a book.
Here it is: Your social reputation is important, so cultivate it well.
Save your money. This book is insulting.
"The Whuffie Factor" is something else entirely -- a sentence or a paragraph expanded into a book.
Here it is: Your social reputation is important, so cultivate it well.
Save your money. This book is insulting.
22 of 25 people found the following review helpful
Why use social network sites and blogs to build (grow) a Web platform and possibly a customer following? Readthisbooktofindout!
22 April 2009
Format:Hardcover
I liked this book. A reader might find it helpful to see why using social network sites and blogs to build (grow) a Web platform and possibly a customer following is the way to go in the Digital Age we live in today. I certainly will recommend this well written tome to my SCORE clients who either are stumbling with New Media or need to learn about it for the first time. The book has the following ten chapters:
1. How to be a social capitalist
2. The power of community marketing
3. Turn the bullhorn around & create continuous conversations with customers
4. Building whuffie by listening to & integrating feedback
5. Become part of the community you serve
6. Depositing into & withdrawing from your whuffie account
7. Be notable: 11 ways to create amazing customer experiences
8. Embrace chaos
9. Find your higher purpose
10. Whuffie "in real life"
You might not be familiar with the term "Whuffie" before reading this book. I know I wasn't. It supposedly stands for "the store of social capital that is the currency in the digital world." Marketing today in the New Media is about building relationships. It's about give and take. It's not about "in your face" or just throwing money into advertising campaigns. By reading this book you should better understand what online marketing has migrated to be about and why it is important to go with the flow.
This book is not going to tell you how to plan an online marketing campaign. The best book on that subject that I know of is Social Media Marketing: An Hour a Day. And to learn more about blogging I recommend: ProBlogger: Secrets for Blogging Your Way to a Six-Figure Income, and Secrets of Successful Blogging System. This last item is kind of pricey. But in my humble opinion it is really worth its weight in gold. I have posted book reviews on Amazon for all three of these products. 4 stars!
1. How to be a social capitalist
2. The power of community marketing
3. Turn the bullhorn around & create continuous conversations with customers
4. Building whuffie by listening to & integrating feedback
5. Become part of the community you serve
6. Depositing into & withdrawing from your whuffie account
7. Be notable: 11 ways to create amazing customer experiences
8. Embrace chaos
9. Find your higher purpose
10. Whuffie "in real life"
You might not be familiar with the term "Whuffie" before reading this book. I know I wasn't. It supposedly stands for "the store of social capital that is the currency in the digital world." Marketing today in the New Media is about building relationships. It's about give and take. It's not about "in your face" or just throwing money into advertising campaigns. By reading this book you should better understand what online marketing has migrated to be about and why it is important to go with the flow.
This book is not going to tell you how to plan an online marketing campaign. The best book on that subject that I know of is Social Media Marketing: An Hour a Day. And to learn more about blogging I recommend: ProBlogger: Secrets for Blogging Your Way to a Six-Figure Income, and Secrets of Successful Blogging System. This last item is kind of pricey. But in my humble opinion it is really worth its weight in gold. I have posted book reviews on Amazon for all three of these products. 4 stars!
5 of 6 people found the following review helpful
Some interesting points, but not a world-changing effect
24 Feb 2010
Format:Hardcover
The concept of Whuffie is that of a sort of "cultural currency"; that is, how good a person's or organization's reputation is. Ms. Hunt is obviously a veteran of the Web, and she makes some good points - in essence, that one needs to be honest and moral in order to achieve high Whuffie rather than just try to use the Web as another outlet or venue for typical one-sided marketing hype.
No argument there; certainly if we could all check our egos at the door and put out honest appraisals of products (including our own, including admitting when we screw up) then it will engender more positive feelings on those that wander around the WWW to shop, etc.
I didn't rate the book higher only because I get the sense that Ms. Hunt thinks that the Web is the be-all-and-end-all of the world of commerce. Certainly, many people (myself included) log on multiple times a day, but nevertheless I don't think of my online presence as the essence of me. Too, there are still many people who either never get to the online world at all or else only sparingly, preferring "real reality" to "virtual reality" and so not so absorbed in what happens online.
So as a general instruction guide of how to do good online, this book is fine. As an attempt to prove that it is (or will be in the foreseeable future) critical to enjoy high Whuffie levels, it falls way short.
No argument there; certainly if we could all check our egos at the door and put out honest appraisals of products (including our own, including admitting when we screw up) then it will engender more positive feelings on those that wander around the WWW to shop, etc.
I didn't rate the book higher only because I get the sense that Ms. Hunt thinks that the Web is the be-all-and-end-all of the world of commerce. Certainly, many people (myself included) log on multiple times a day, but nevertheless I don't think of my online presence as the essence of me. Too, there are still many people who either never get to the online world at all or else only sparingly, preferring "real reality" to "virtual reality" and so not so absorbed in what happens online.
So as a general instruction guide of how to do good online, this book is fine. As an attempt to prove that it is (or will be in the foreseeable future) critical to enjoy high Whuffie levels, it falls way short.
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