Monetizing Social Media Networks | SocialNetomics

SocialNetomics™ Monetizing your Social Media Networks

As a Web Business Consultant and closet “Economist” working with Clients in the Social Media Networking Industry, I recently coined the term “SocialNetomics™”, that is short for “Social Networking Economics”, to describe the growing phenomenon of companies and individuals finding ways for monetizing their social media networks. Over the last few years, many of them have been busy aggressively building large social media networks, followings or links to “friends”, “connections” or “tribes” on social media websites like Facebook, LinkedIn, Twitter, YouTube, Ecademy, Plaxo, MySpace and other social media websites.

These visionary “Thought Leaders” and “Open Networkers” led the way in identifying the financial benefits of investing the time, energy and money into building these large Business to Business (B2B) online and offline social networks. While monetizing business networks thru referral marketing and word of mouth is not a new concept, companies for example like Business Networking Inc. (BNI), LeTip, eWomenNetwork, Country Clubs and many Chamber of Commerce leads groups have been doing so for years “offline”. Now many of these leading social networking companies and individuals plus new authors, coaches, consultants, radio talk show hosts, podcasters, speakers and trainers are jumping on the band wagon. They are turning their attention to implementing plans and strategies to capitalize on and monetize their own social networks or building their own social networking websites.

So, in our upcoming “SocialNetomics™” book, blogs, articles and on www.socialnetomics.com we will explore this growing phenomenon of monetizing social media netowrks and share dos, don'ts, best practices and other trends. We plan to ask the questions that you’ll want to know the answers to that will help you achieve your own Social Media Optimization (SMO) goals.

Please let us know if you have any questions regarding “SocialNetomics™” by contacting us at info@dewpointe.com.

SocialNetomics™ Monetizing your Social Media Networks