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	<title>MindFrenzy &#187; Web 2.0</title>
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		<title>How To Use Social Networks &#8211; Follow-up</title>
		<link>http://mindfrenzy.com/how-to-use-social-networks-follow-up/</link>
		<comments>http://mindfrenzy.com/how-to-use-social-networks-follow-up/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 14:00:03 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Tools]]></category>
		<category><![CDATA[Web 2.0]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=96</guid>
		<description><![CDATA[This post is the 4th of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.
See Part 1 &#8211; The Profile
Part 2 &#8211; Getting Acquainted
Part 3 &#8211; Adding Value
Part 4 [...]]]></description>
			<content:encoded><![CDATA[<p>This post is the 4th of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.</p>
<p>See Part 1 &#8211; <a href="http://mindfrenzy.com/mindfrenzyblog/?p=93" target="_blank">The Profile</a><br />
Part 2 &#8211; <a href="http://mindfrenzy.com/mindfrenzyblog/?p=94" target="_blank">Getting Acquainted</a><br />
Part 3 &#8211; <a href="http://mindfrenzy.com/mindfrenzyblog/?p=95" target="_blank">Adding Value</a></p>
<p><strong>Part 4 &#8211; Follow-up</strong></p>
<p>Well now you have completed your profile, joined some discussions and groups, and begun to add value to the network. Now one of the most important keys to the success of your social networking venture is to STAY WITH IT!!!</p>
<p>As with anything else nothing happens over night. You have to stay with the network and keep checking back and staying up-to-date.</p>
<p>Remember that people are busy and don&#8217;t sign-on to every network they are a part of every day. So just because you sent friend requests to people or messages and they didn&#8217;t respond don&#8217;t get discouraged. Give them time to check back.</p>
<p>Don&#8217;t stop starting discussions just because yours didn&#8217;t get a big or maybe any response. Maybe you just didn&#8217;t pick the right topics or yours got buried quickly because so many other discussions were started. Keep trying and you will eventually get something going.</p>
<p>When trying to organize a tribe in a group give them time to contribute. Your e-book or event or whatever you decided to try and create probably won&#8217;t be ready to go in a week. Maybe you get lucky and get people who are as passionate about it as you and have the time to jump on board right away. However its more likely that it will take members time to get involved and add their pieces to the idea.</p>
<p>Just don&#8217;t give up. To many people give up or lose interest and then say that social networks are pointless and don&#8217;t offer much. Well those people are the reasons why there is such opportunity for entrepreneurs out there. Successful entrepreneurs never give up and fight through the up and downs of their work. The unsuccessful well they give up.</p>
<p>Remember it doesn&#8217;t take much. You don&#8217;t have to organize a new group everyday. Add a comment to someones page or put your 2 cents into a discussion. Give everything you do time to develop and you will see some great success.</p>
<p>Good luck!!!</p>
<p>Check out <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a> for young entrepreneurs.</p>
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		<title>How To Use Social Networks &#8211; Adding Value</title>
		<link>http://mindfrenzy.com/how-to-use-social-networks-adding-value/</link>
		<comments>http://mindfrenzy.com/how-to-use-social-networks-adding-value/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 13:00:02 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Tools]]></category>
		<category><![CDATA[Web 2.0]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=95</guid>
		<description><![CDATA[This post is the 3rd post of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.
See Part 1 &#8211; The Profile
Part 2 &#8211; Getting Acquainted
Part 3 &#8211; Adding Value
OK [...]]]></description>
			<content:encoded><![CDATA[<p>This post is the 3rd post of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.</p>
<p>See Part 1 &#8211; <a href="http://mindfrenzy.com/mindfrenzyblog/?p=93" target="_blank">The Profile</a><br />
Part 2 &#8211; <a href="http://mindfrenzy.com/mindfrenzyblog/?p=94" target="_blank">Getting Acquainted</a></p>
<p><strong>Part 3 &#8211; Adding Value</strong></p>
<p>OK so now your profile is set-up and you&#8217;ve said hi to a few people, joined some groups, and added a point or two to some forum discussions. Now its YOUR turn! Time to truly add value to the network and make a name for yourself. Show people that you have a lot to offer and are someone they should pay attention to.</p>
<p>Now there is no one way to do this. This is where you can get creative. First the simple things to add value&#8230;</p>
<p>-Start your own group and organize a tribe around it. Invite people who you think will be interested and run the show! This will get you some attention and show your leadership skills.</p>
<p>-Start discussions in the forums. Take some time to come up with creative topics that will get people interested. Getting a good discussion going is a great way to get noticed as everybody who sees it will see you started it. That&#8217;s all you had to do was start it! If it&#8217;s interesting the community will take over from there.</p>
<p>-Add videos, pictures and events (these are the options on <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a>). Take some time to find some interesting stuff. Not only will you get your name in those sections of the network but it will also further develop your profile because it probably tracks things you do.</p>
<p>Now that&#8217;s the basics. Let&#8217;s get more in depth about what you can do.</p>
<p>Find ways to truly create valuable content! What do I mean by this? Content that can be distributed amongst not only members of your network but that you can distribute outside of the network. Things you can show people in your industry and can help them in some way.</p>
<p>Let&#8217;s look at an example of this.</p>
<p>One thing that will be happening on <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a> is the development of e-books. The entire network will hopefully get involved in creating e-books for young entrepreneurs by young entrepreneurs. There are a million topics for such e-books. Now these books will not only be great for all members of the <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO</a> community but can also be distributed outside the community. This is valuable content. Everyone who contributes to the e-book gets cited so they can also point to it as something they did. The books can then be used by anyone who finds it interesting.</p>
<p>Now ANYONE can also take charge and create an e-book or some kind of valuable content. Going back to the point above about creating a tribe around your group. Well make some kind of content within your group. For example we encourage all C.E.O. chapter to create chapter groups on <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO</a>. Now within these groups someone can take charge and create a chapter specific e-book about the members, their businesses, their goals, or whatever topic they want. Then they could not only show this to everyone in the community on <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO</a> but also show it to their school. Let the other kids at the school see more about the entrepreneurs around them.</p>
<p>And of course it doesn&#8217;t have to be school specific or have any other restrictions. If you can put a group together and form a tribe of 5, 10, 50 people you can create something no matter where everyone is from.</p>
<p>Now these are just a couple of ideas. Creating valuable content just takes some creative thinking and a leader or two. But just think of what you would create if you could have a club of a 100 passionate people. Now just make that club virtual. Make content that can be seen by everyone. Now you can extend your reach way beyond what you do in a room on campus or a conference room at work.</p>
<p>If you successfully create this type of content you can always point back to it and show that you organized it. That you organized an e-book that was downloaded 1000times. Or put together a monthly meet-up in your town or city that brought people from surrounding towns that you had never met before.</p>
<p>This type of content is unique to social networking right now. Very few networks do anything of true value. Look at <a href="http://www.facebook.com" target="_blank">facebook</a> or <a href="http://myspace.com" target="_blank">myspace</a>. What have you done on there that you would point to and say &#8220;I created this&#8221;. What have those networks done to encourage valuable content creation? The answer is very little. Niche networking is popping up all over the place but many still fail to do anything valuable. That&#8217;s what will separate the winners and losers in niche networking. The creation of content is what cutting edge networks are beginning to do and that is what will allow them to succeed.</p>
<p>Leading one of these tribes or simply getting involved with one will help you stand out in this ever crowding cyber world.</p>
<p>Just be creative and take charge. The possibilities are limitless.</p>
<p>Part 4 &#8211; Follow-up</p>
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		<title>How To Use Social Networks &#8211; Getting Acquainted</title>
		<link>http://mindfrenzy.com/how-to-use-social-networks-getting-acquainted/</link>
		<comments>http://mindfrenzy.com/how-to-use-social-networks-getting-acquainted/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 22:00:01 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Tools]]></category>
		<category><![CDATA[Web 2.0]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=94</guid>
		<description><![CDATA[This post is the 2nd of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.
See Part 1 &#8211; The Profile
Part 2 &#8211; Getting Acquainted &#8211; Groups, Forums, Events, Introductions
Now [...]]]></description>
			<content:encoded><![CDATA[<p>This post is the 2nd of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.</p>
<p>See Part 1 &#8211; <a href="http://mindfrenzy.com/mindfrenzyblog/?p=93" target="_blank">The Profile</a></p>
<p><strong>Part 2 &#8211; Getting Acquainted &#8211; Groups, Forums, Events, Introductions</strong></p>
<p>Now your profile should be all set up and ready to go. At first many social networks will seem a little over-whelming but they are all actually fairly basic. Some of the basic features that most networks will have are forums, groups, events, and obviously the ability to connect with other members. Lets take a look at getting started with each.</p>
<p><strong>-Forums</strong><br />
Forums are a great spot to pick up some advice, learn something or just get involved in an interesting conversation. They can be a little disorganized but this is just the nature of a forum. New discussions are always popping up thus sending other discussions into the archives. Forums are used best for short pointers and responses. Most people don&#8217;t spend their day trying to figure out their response to a forum discussion. What makes a great forum is a place where you can post a discussion and then receive numerous quick responses. Then you can piece it all together and figure out the best answer.</p>
<p>Forums are a great way to add your 2-cents to various discussions rather quickly. Don&#8217;t be afraid to jump in and get involved in some discussions. Don&#8217;t worry about being wrong or judged for your responses. What&#8217;s the worst that could happen? The person who started the discussion doesn&#8217;t add you as a friend? Things could be worse. It&#8217;s better to be seen getting involved then doing nothing at all. If you don&#8217;t get involved nobody will ever know you exist on a network.</p>
<p>One of the key rules of forums is to keep things as categorized as possible. Sometimes this is hard to do but just do your best.</p>
<p>Check out the forum on <a href="http://under30ceo.ning.com/forum" target="_blank">Under30CEO.com</a></p>
<p><strong>-Groups</strong><br />
Some people brush off groups as worthless because people just join a bunch but nothing happens. Well this is the case at times but groups can actually be very valuable. A group can act as your own personal network within a network.</p>
<p>For example &#8211; On <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a> there are many members from the Collegiate Entrepreneurs Organization (CEO), this is a college organization with chapters across the US. Each chapter is encouraged to start a group for itself on <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO</a> so members can easily stay in touch with each other. This also lets you learn about the other members of the chapter by seeing their profiles on the network.</p>
<p>I do suggest using groups in moderation. Don&#8217;t just join every group you might have an interest in. Join the ones you will actually participate in. Just joining these things won&#8217;t make you stand out on a network, again its all about getting involved!</p>
<p><strong>-Events</strong><br />
Check out the events that are on the network. Usually you can find some interesting things to go to. This is also a great way to meet people who are attending the same event as you are. One of the worst things about conferences are their size and how you can feel lost at times. But if you talk to a few people before hand through a network you can organize meet-ups so you don&#8217;t have to go at it alone.</p>
<p>On <a href="http://under30ceo.ning.com/events" target="_blank">Under30CEO.com</a> events for entrepreneurs across the country can be found all the time.</p>
<p><strong>-Introductions</strong><br />
Using all the above features you should be able to find some very active people on the network. Introduce yourself to these people by writing on their wall and maybe sending a friend request. Try to get involved with them (if they are interesting) and let them know what you are looking for and what you look to add to the network. One thing about social networking is you can&#8217;t be shy. Get out there. Some people will never respond but many will and they could be huge contacts.</p>
<p>Don&#8217;t spam everyone on the network with intros. Check profiles and talk to people who you really want to connect with. Just because the network is full of people with a common interest it doesn&#8217;t mean everyone is a good fit. Take the time to read profiles and connect. It pays off in the long run.</p>
<p>So go get involved!</p>
<p>Part 3 &#8211; Adding Value</p>
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		<title>How To Use Social Networks &#8211; The Profile</title>
		<link>http://mindfrenzy.com/how-to-use-social-networks-the-profile/</link>
		<comments>http://mindfrenzy.com/how-to-use-social-networks-the-profile/#comments</comments>
		<pubDate>Thu, 06 Nov 2008 15:00:46 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Tools]]></category>
		<category><![CDATA[Web 2.0]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=93</guid>
		<description><![CDATA[This post is the 1st of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.
There a many social networks out there. Everyone knows about networks like Facebook and Myspace. [...]]]></description>
			<content:encoded><![CDATA[<p>This post is the 1st of a 4-part series on the how-to&#8217;s of niche social networking. Most of the focus will be on young entrepreneurs because my experience has shown that they are the least equipped to benefit from social networking.</p>
<p>There a many social networks out there. Everyone knows about networks like <a href="http://www.facebook.com" target="_blank">Facebook</a> and <a href="http://www.myspace.com/" target="_blank">Myspace</a>. Those networks are fine, they serve a purpose and set a framework for social networks. However those networks don&#8217;t have any type of focus, they do a very bad job at creating any type of value. How many times have you used <a href="http://www.facebook.com" target="_blank">Facebook</a> or <a href="http://www.myspace.com/" target="_blank">Mypsac</a>e to really advance your career or meet someone new in your field? More recently many niche networks are beginning to pop up. There are networks for just about anything you can imagine from cat lovers to successful business owners. Once again these networks have not done a good job at creating value or keeping people&#8217;s attention on the network. Many people join them but then never come back because there just isn&#8217;t much of a reason.</p>
<p>Well now that is also changing. Social networks are starting to pop up that look to create valuable content one being <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a>. These new types of networks can be a huge resource for anyone, with young entrepreneurs being the focus for <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a>. There are steps that can be taken to ensure you benefit and move closer to your goals when you join a niche social network. A lot of this will have to do with the founders and the atmosphere that they create but if you use a network properly you can almost always gain something.</p>
<p><strong>Part 1 &#8211; The Profile</strong></p>
<p>Whenever you sign-up for a network the first thing you will be asked to do is make a profile. This is 1 of the most important things to <strong>COMPLETE WHEN YOU SIGN-UP.</strong> Don&#8217;t sign-up and then say you will finish the profile later. If that&#8217;s the case wait to sign-up when you have time to complete everything. The Reason being that on many networks there is a place where you can see the new members that have joined. This is a huge opportunity to get your profile in front of many people. If it&#8217;s blank people won&#8217;t make any effort to contact you or friend you. I&#8217;m not saying that when you leave that most recent members page no one will ever see your profile again, but your profile will get viewed many times and you never know who may be looking. Could be that contact your business or career needs! Later in this series of posts we&#8217;ll look into getting people to your profile after you have been on the network for awhile.</p>
<p>Now some steps and tips for your profile. Might differ from network to network, these are assuming a business oriented network.</p>
<p><strong>1. Use your full name</strong><br />
No nicknames or just first names. You are looking to connect to people right? You wouldn&#8217;t put a nickname or partial name on your resume or business card. Your full name will allow people to find you in other places such as your company website or just to research more about your work. It&#8217;s all about trust and the more someone trusts you the more likely they will help you.</p>
<p><strong>2. A picture of yourself</strong><br />
To many people sign-up to a network and don&#8217;t upload a picture. I never understand this, these same people are on <a href="http://www.facebook.com/" target="_blank">Facebook</a> or <a href="http://www.myspace.com/" target="_blank">Myspace</a> with their pictures up but think that for some reason it&#8217;s not needed on a meaningful niche network. This is where it&#8217;s MOST needed. If you don&#8217;t upload a picture of yourself most people will pass right over your profile because it looks like you aren&#8217;t involved with the network. Also make it a real picture of yourself not some animation or a picture of your dog, once again you wouldn&#8217;t do that on your resume if you could.</p>
<p><strong>3. Provide as much information as you can</strong><br />
There will usually be a series of questions or places to add info about yourself. Every question doesn&#8217;t always apply but far to often even the basic ones get over-looked. You want to make it as easy as possible for someone to connect with you. By providing all the info possible there&#8217;s that much more of a chance someone will read something that makes them leave a comment or want to talk to you further.</p>
<p>Remember your profile on a niche network is just like your cyber resume. You try to provide all the info you can on a resume to make yourself stand-out so do the same on a network.</p>
<p>Here are some examples of great profiles on <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a></p>
<p><a href="http://under30ceo.ning.com/profile/TylerFishback" target="_blank">Tyler Fishback</a><br />
<a href="http://under30ceo.ning.com/profile/RobertCalise" target="_blank">Robert Calise</a></p>
<p><strong>4. Put up your links</strong><br />
Many networks will also let you add links to other profiles you have online. It could be your blog, site, <a href="http://www.linkedin.com/" target="_blank">linkedin</a>, <a href="http://www.facebook.com" target="_blank">facebook</a> whatever it is DO IT. Add as many as you can this not only lets people connect with you on other networks but also helps with the whole trust thing. As they connect with you in various places they will begin to remember and trust you.</p>
<p><strong>5. Customize with care</strong><br />
You will usually have the option to customize your profile page to a point. Now this is great to help you stand-out but don&#8217;t over-due it. Remember that you are here to connect and hopefully work with people not to show-off how many colors you can fit on your profile page. You want people to remember what they read and learn about you not how crazy your page is. So be reasonable and you should be just fine.</p>
<p>Young entrepreneurs check out <a href="http://under30ceo.ning.com/" target="_blank">Under30CEO.com</a> to start putting these skills to use!</p>
<p>Part 2 &#8211; Getting Acquainted &#8211; Groups, Forums, Events, Introductions</p>
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		<title>Networking Tips at Web 2.0 Expo</title>
		<link>http://mindfrenzy.com/networking-tips-at-web-20-expo/</link>
		<comments>http://mindfrenzy.com/networking-tips-at-web-20-expo/#comments</comments>
		<pubDate>Thu, 25 Sep 2008 21:59:56 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Networking]]></category>
		<category><![CDATA[Web 2.0]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=81</guid>
		<description><![CDATA[So I attended the Web 2.0 Expo in NYC last week and I learned a few things about events like this.  Being the 1st major conference that I have attended I really wasn&#8217;t to sure on what to expect. I knew the main goal was to try and network but I didn&#8217;t have much of [...]]]></description>
			<content:encoded><![CDATA[<p>So I attended the <a id="bkyt" title="Web 2.0 Expo" href="http://www.web2expo.com/">Web 2.0 Expo</a> in NYC last week and I learned a few things about events like this.  Being the 1st major conference that I have attended I really wasn&#8217;t to sure on what to expect. I knew the main goal was to try and network but I didn&#8217;t have much of an idea how to do that. Here&#8217;s a few tips on improving your networking experience when attending a conference like this.</p>
<p><strong>Use The Website!!!</strong></p>
<p>This was my biggest mistake.  I didn&#8217;t know until about 2 days before the conference that there was a social network set up on the web 2.0 expo website called <a id="fjhp" title="crowdvine" href="http://webexny2008.crowdvine.com/">crowdvine</a>.  Here you can do just about anything you want to do in terms of a social network make a profile, friend people, message people, search people. It really allows you to see who&#8217;s at the event and can help you make some connections before you ever get to the event. You can also see what people are attending what sessions.  This is a great tool and is crucial to making your networking experience meaningful at a conference as large as this one. My advice would be to get on a network like this for your event ASAP. The sooner your on there the more likely you are to make contacts and find people you might be interested in meeting. I don&#8217;t know if every conference has a network like this set up but its something you should keep in mind and look for when you sign-up for something.</p>
<p><strong>Twitter</strong></p>
<p>1.    As an event like the web 2.0 expo nears Twitter starts lighting up with tweets from people going to the conference. It&#8217;s key here to not only tweet about your plans but to also follow what other people are saying about the event and then research them. If you see someone say they are attending the event check out their profile and then also see if they are on the &#8220;crowdvine&#8221; to find out more info about them. If you think you want to meet them send a message back to them on twitter as well as friend them on whatever social network is set up for the event.</p>
<p>Two simple ways to search on twitter.<br />
- <a href="http://search.twitter.com/" target="_blank">Twitter search</a><br />
- <a href="http://www.tweetdeck.com/beta/" target="_blank">Tweetdeck</a> &#8211; lets you open up multiple searches at the same time</p>
<p>2.    Twitter is also an easy way to stay in touch with people at the event. If you didn&#8217;t get the chance to exchange email addresses or phone numbers simply monitoring your direct messages through your cell phone can help you talk to people. Easy way to keep yourself connected while wondering around the event, just make sure your twitter account has your phone enabled.</p>
<p>3.    Throughout the day attendees meet-up to tweet about sessions they saw or didn&#8217;t see. Usually you can find these groups either by monitoring twitter or meeting people on something like the &#8220;crowdvine&#8221;. Attendees will pick a time and place to meet to discuss sessions they saw so you can take key points from a session you missed or discuss something you saw. By joining in on these groups it provides you with another great way to network as well as learn about other happenings at the event.</p>
<p><strong>Be Social</strong></p>
<p>The simplest way to network is just by being social.</p>
<p>-Get involved in every conversation you can.<br />
-Approach people at their booths and ask them about their products or what they do.<br />
-Collect business cards and give out your own.<br />
-Hit the bar at the hotel your staying at and strike up a conversation.</p>
<p>When attending events this large it can be easy to get lost in the crowd. However by preparing and researching beforehand you should be able to organize a few meaningful meet-ups and make some valuable relationships.</p>
<p>Remember even though there&#8217;s a lot of people at an event like this they are all there because they have an interest in web 2.0 or whatever topic your event is for. So in the end every single person is like-minded to some degree and could make for a meaningful contact.</p>
<p>Check out the <a href="http://www.web2expo.com/" target="_blank">Web 2.0</a> website to see the upcoming events in Germany, Japan and San Francisco.</p>
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		<title>Your Website is an Asset not a Cash Flow</title>
		<link>http://mindfrenzy.com/your-website-is-an-asset-not-a-cash-flow/</link>
		<comments>http://mindfrenzy.com/your-website-is-an-asset-not-a-cash-flow/#comments</comments>
		<pubDate>Tue, 09 Sep 2008 17:36:28 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Advice]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Web 2.0]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=79</guid>
		<description><![CDATA[To many people go out there and start websites with the focus on money. I mean its understandable everybody wants another income stream or if your in college or graduating you most likely need cash flow.  It also seems like every single person who asks about your project asks &#8220;how are you going to make [...]]]></description>
			<content:encoded><![CDATA[<p>To many people go out there and start websites with the focus on money. I mean its understandable everybody wants another income stream or if your in college or graduating you most likely need cash flow.  It also seems like every single person who asks about your project asks &#8220;how are you going to make money?&#8221;. Again its easy to see why, I mean you need money to live and especially if your just getting out of college. However there is so much more to starting a website then making money. I don&#8217;t think it should be the last thing on your mind but I DO NOT think it should be near the top.<br id="bl35" /><br id="bl350" />Look at some of the most popular services on the web today <a href="http://www.stumbleupon.com/" target="_blank">Stumbleupon</a>, <a href="http://www.facebook.com/" target="_blank">Facebook</a>, <a href="http://www.myspace.com/" target="_blank">Myspace</a>, <a href="http://digg.com/" target="_blank">Digg</a>. They are all free yet they are all worth millions because they are simply a valuable asset. <br id="geul" /><br id="geul0" />Facebook got valued around the 1 billion dollar mark a couple years back and this was before they even had a revenue stream. Now they sell advertising but I still doubt that one ad per page that asks if your single is bringing in hundreds of millions each year. Do you thinkDigg sells enough t-shirts through those ads on the site to justify the valuations ranging from $100-200million?  They both simply created assets. <br id="pegg" /><br id="pegg0" />This is the new strategy that more and more websites are following.  Less charges for services and more of a focus on developing a community and a following. Now this may not seem like fun because obviously there isn&#8217;t much cash flow and it may take years for you to develop a community around your site that will make it a valuable asset. However it&#8217;s not supposed to be easy.  Because its not easy that&#8217;s why there are 100&#8217;s of millions of dollar valuations for these communities. These are of course the best of the best on the web right now but that doesn&#8217;t mean there aren&#8217;t thousands of web communities out there that could get million dollar offers or hundreds of thousands. <br id="dqsj" /><br id="dqsj0" />So while everyone else is looking for a way to charge their users take the lesser traveled path and try to develop a community. Its risky and doesn&#8217;t offer that all important cash flow but again if it was easy everyone would be doing it. <br id="xbca" /><br id="xbca0" />Here are 5 things to look at before considering what your revenue stream could or is going to be. <br id="tyh9" /><br id="tyh90" /><strong id="e11o">1. You need a damn good service</strong><br id="o4-y" /><br id="o4-y0" />This seems like the most obvious but its true, you can&#8217;t just assume people are going to pay for whatever you are trying to sell them. Most information can be found for free somewhere on the web today. It&#8217;s becoming harder and harder to charge for web services so whatever your service is it better be damn good.<br id="dkfv" /><br id="zeo2" /><strong id="e11o2">2. Need funding? </strong><br id="u_zh" /><br id="u_zh0" />You have to realize before you start charging for your service if you need funding to get it where you want it to be. Don&#8217;t invest as much as you can at the start to get the beta up just so you can start charging people to fund the rest of the site. You may want to offer free services to start to draw people in that may pay for more upgraded services later. One of the amazing things about the web is how you can start a business before its even finished but don&#8217;t abuse this by charging because people will still notice the rough edges on a project. <br id="zeo20" /><br id="zeo21" /><strong id="e11o3">3. Competition</strong><br id="d7jr" /><br id="d7jr0" />Good old fashion research comes in here.  What do your competitors offer? How are you different? How are you better? <em id="ww_y">Can someone offer this for free?</em> The last question here is the big one. You have to look at the industry and see if someone could or is likely to come in the near future and offer a similar service for free. If you are the first one offering a service for free it becomes pretty hard for competitors to undercut you! <br id="zeo22" /><br id="dkfv0" /><strong id="e11o0">4. People have to know about you</strong><br id="dkfv1" /><br id="dkfv2" />Even if you have a great service that is free it will be very difficult for people to find you. You have to know how your going to stand out in the cyber world. If people can&#8217;t find you they won&#8217;t even be using your free service. <br id="kmf8" /><br id="kmf80" /><strong id="e11o1">5. Target</strong><br id="zsf4" /><br id="zsf40" />When marketing its best to have a target market.  Even if you say that your business appeals to all there should be a specific group that will help get it jump started. You not only need to clearly define this group but then clearly define that path you will use to reach them. When you do this also keep in mind what this group is and if they have the extra income and can likely afford to use whatever your service might be. <br id="zeo23" /><br id="zeo24" />If you have clear answers to these 5 things then it may be time to consider the revenue streams for your website. Just don&#8217;t be greedy or it can come back to bite you in this web 2.0 age.</p>
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		<title>Don&#8217;t Be a Fool Use Social Media!</title>
		<link>http://mindfrenzy.com/dont-be-a-fool-use-social-media/</link>
		<comments>http://mindfrenzy.com/dont-be-a-fool-use-social-media/#comments</comments>
		<pubDate>Wed, 03 Sep 2008 14:14:25 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Tools]]></category>
		<category><![CDATA[Web 2.0]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=76</guid>
		<description><![CDATA[8 reasons why social media is worth your marketing time.1. It&#8217;s FreeWho doesn&#8217;t like free things? All social media is free and it can lead to some great results when it comes to traffic for your site. This isn&#8217;t to say that paying for marketing is a bad thing, there are some good services that [...]]]></description>
			<content:encoded><![CDATA[<p>8 reasons why social media is worth your marketing time.<br id="n8ir" /><strong id="l84h"><br id="n8ir0" />1. It&#8217;s Free<br id="l84h0" /><br id="l84h1" /></strong>Who doesn&#8217;t like free things? All social media is free and it can lead to some great results when it comes to traffic for your site. This isn&#8217;t to say that paying for marketing is a bad thing, there are some good services that you pay for.  However most blogger&#8217;s or start-up websites don&#8217;t have much money and just want to get their content in front of as many people as possible. Social media is the way to go if you fall into that category. <strong id="poxz"><br id="n8ir1" /><br id="n8ir2" />2. Fast Results<br id="uy0-" /><br id="uy0-0" /></strong>Everything takes time and social media won&#8217;t make your website or blog famous overnight. However it is capable of reaching thousands of people with your content in that amount of time. Not many forms of marketing can say that.<br id="zm1_" /><strong id="m5hr"><br id="umak" /> </strong><strong id="vzj82">3. Predictability<br id="jcvg" /><br id="jcvg0" /></strong>Once you get used to social media you will begin to notice what types of content gets votes thus drives traffic. This will help you provide content that does well on whatever social media sites you are using. This doesn&#8217;t mean you have to do/write things you don&#8217;t want to but you will learn simple things that helps attract social media users attention.<br id="umak0" /> <br id="zm1_0" /> <strong id="umak1">4. Options<br id="zm1_1" /><br id="yapb" /></strong>There are countless numbers of social media sites. Whatever your niche is you can probably find one that will work for you. Just Google whatever your interest is followed by social media. <br id="vzj8" /><br id="zm1_2" /><strong id="yapb0">5. It Gets Easier<br id="vzj80" /><br id="vzj81" /></strong>If you have never used social media it may seem as though your getting no where with it. Just hang in there. As you develop your network of friends and followers you will begin to notice results as people begin to take you seriously as a social media user. You will also learn the do&#8217;s and dont&#8217;s of social media as you use it. <strong id="umak2"><br id="c-320" /></strong><strong id="i9-y"><br id="gbyj0" />6. Some Visitors Will Be Targeted<br id="qx-d" /><br id="qx-d0" /></strong>If you are using niche social media sites its likely that a decent percentage of traffic will be targeted for your material. Even on broader sites like Digg and Stumbleupon there are categories and interests that you choose which tries to match up users and content. Even if your traffic from social media is only 10% targeted that could be 10% of 20,000, which is a nice amount of interested viewers.<br id="m:5y" /><strong id="jcvg1"><br id="m:5y0" />7. It Doesn&#8217;t Take Long<br id="h31q" /><br id="h31q0" /></strong>Don&#8217;t worry about spending all day everyday trying to keep up with all the social media sites. Find your best sites and master them. Once the initial phase is over you can get great results from social media with only a couple hours a week spent on it. <br id="gbyj1" /><strong id="du9x"><br id="gbyj2" />8. It&#8217;s The Future</strong><br id="ye9-" /><br id="ye9-0" />Social media is everywhere right now and its reach is only growing. More and more you see blogger&#8217;s, Linkedin profiles, and website owners providing links to their Twitter or Facebook or Stumbleupon accounts. This is not going to end anytime soon and if you aren&#8217;t using it then it&#8217;s very possible you will fall behind your competition or won&#8217;t be reaching your maximum potential.</p>
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		<title>Forget Digg!!!</title>
		<link>http://mindfrenzy.com/forget-digg/</link>
		<comments>http://mindfrenzy.com/forget-digg/#comments</comments>
		<pubDate>Fri, 08 Aug 2008 15:23:32 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Advice]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Web 2.0]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=56</guid>
		<description><![CDATA[Check out this site that tracks the top users on Digg and find out how far you really are from the top. DiggAnalytics.com 
I think this shows the huge flaw in the Digg System.  This list shows the &#8220;powerusers&#8221; on Digg and its these people that can manipulate just about any story and get it [...]]]></description>
			<content:encoded><![CDATA[<p>Check out this site that tracks the top users on Digg and find out how far you really are from the top. <a href="http://www.digganalytics.com/" target="_blank">DiggAnalytics.com </a></p>
<p>I think this shows the huge flaw in the Digg System.  This list shows the &#8220;powerusers&#8221; on Digg and its these people that can manipulate just about any story and get it to the front page of Digg.  As I&#8217;ve used Digg I&#8217;ve realized this more and more and find it near impossible to make much of an impact unless you are or are near being one of these users.</p>
<p>I also have become discouraged from Digg because the other day I received 18 Diggs on a post I submitted from this blog.  However when I looked at my stats I had received no clicks from Digg.  Obviously everyone of those 18 Diggs came from people just responding to my shout by Digging my story so I would be more likely to Digg the next shout they send my way.</p>
<p>I&#8217;m guilty of this action of digging but not clicking but that&#8217;s the problem.  Everyone who isn&#8217;t a top user is just in a mad race to have more influence on the site so they do everything they can to beef up their stats.</p>
<p>I still like seeing some of the news that Digg has to offer but as far as using it as an effective distribution system for stories I like or that I write I&#8217;ve just about given up.</p>
<p>Sites such as <a href="http://sphinn.com/" target="_blank">Sphinn</a> and <a href="http://www.stumbleupon.com/" target="_blank">Stumbleupon</a> seem to be much more effective and useful.  I&#8217;m also just starting to use <a href="http://www.mixx.com/" target="_blank">MIxx</a> which to this point I&#8217;m pleased with.</p>
<p>If you really want to make an impact in the social media world you have to find a very niche site that your work would be appropriate for.</p>
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		<title>Plurks Karma Problem</title>
		<link>http://mindfrenzy.com/plurks-karma-problem/</link>
		<comments>http://mindfrenzy.com/plurks-karma-problem/#comments</comments>
		<pubDate>Sat, 02 Aug 2008 16:00:33 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Web 2.0]]></category>
		<category><![CDATA[Microblogging]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=58</guid>
		<description><![CDATA[I have been using Plurk for only about a month now and I have been frustrated by the karma aspect of it.
If you don&#8217;t know, Plurk is another social media tool.  Its similar to Twitter although I find it easier to have conversations on and just find it more interesting overall.
If you use Plurk you [...]]]></description>
			<content:encoded><![CDATA[<p>I have been using Plurk for only about a month now and I have been frustrated by the karma aspect of it.</p>
<p>If you don&#8217;t know, Plurk is another social media tool.  Its similar to Twitter although I find it easier to have conversations on and just find it more interesting overall.</p>
<p>If you use Plurk you know that one of the features/challenges is raising your karma.  It doesn&#8217;t take much to increase your karma, just regularly using the service increases a users karma.</p>
<p>However it also doesn&#8217;t take much to decrease a users karma.  Plurk states how having a friend request rejected will lower karma, good to prevent mass friending.  But you also lose karma if you just don&#8217;t use the service for a day.</p>
<p>What happens when you go on vacation? Are just to busy for a couple days?</p>
<p>Seems a little extreme that you will consistently lose karma just by going on vacation and not being around a computer or wanting to sign into your Plurk account.  They need a better system that will allow users to stray from their account for a few days without suffering a severe penalty.  Something as simple as decreasing karma every 5th day when a user is inactive, instead of every time karma is updated.</p>
<p>I don&#8217;t know the perfect solution but something should be changed.</p>
<p>Check me out on <a href="http://www.plurk.com/user/jotoole4" target="_blank">Plurk </a></p>
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		<title>JetBlue + Twitter</title>
		<link>http://mindfrenzy.com/jetblue-twitter/</link>
		<comments>http://mindfrenzy.com/jetblue-twitter/#comments</comments>
		<pubDate>Fri, 01 Aug 2008 19:53:31 +0000</pubDate>
		<dc:creator>Jared O'Toole</dc:creator>
				<category><![CDATA[Web 2.0]]></category>
		<category><![CDATA[corporate]]></category>
		<category><![CDATA[Microblogging]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://mindfrenzy.com/mindfrenzyblog/?p=59</guid>
		<description><![CDATA[Came across this interesting inter-action the other day.  Goes to show everything you do on the internet is seen by someone.
So, I’m hanging out with William Shatner at the Jet Blue terminal on Friday…

Well, actually, I am watching him in a mildly-creepy voyeuristic kind of way as he saunters up to check in for his [...]]]></description>
			<content:encoded><![CDATA[<p>Came across this interesting inter-action the other day.  Goes to show everything you do on the internet is seen by someone.</p>
<p><strong>So, I’m hanging out with William Shatner at the Jet Blue terminal on Friday…<br />
</strong></p>
<p>Well, actually, I am watching him in a mildly-creepy voyeuristic kind of way as he saunters up to check in for his flight to Burbank.</p>
<p><strong>My first thought is, “damn, his piece looks good.”</strong></p>
<p>I’m losing my hair fast, so I am seriously tempted to ask where he bought his, but, then I remember…this is NY, we don’t do stuff like that. We’re just that cool.</p>
<p>But, I have to tell someone about my sighting, so I figure I’ll tweet about it. I crack open my mac, pop open Firefox, see Jet Blue’s free wi-fi terms of service page pop up, click on the button that says agree, then start to browse.</p>
<p>I then tweet…</p>
<blockquote><p><span class="entry-title entry-content">JetBlue terminal. William Shatner waiting in pinstripe suite and shades to board flight to Burbank. Why’s he flying JetBlue? Free, maybe?</span></p></blockquote>
<p>A few minutes later, I realize I can get a much better signal with my broadband card, so I make the switch (FYI–not much better), surf a few pages, then check my e-mail to find that…</p>
<p><strong>Jet Blue is now following me on twitter.</strong></p>
<p>What the?! I am instantly freaked out. My mind starts spinning. “Was there something in that terms of service page that let them track my browsing, follow me to twitter, then publicly seek to follow me on twitter?” <strong> </strong></p>
<p>I’m over James T. William Denny Kirk Crane Shatner actor dude in a blink as I jump back on twitter to report,</p>
<blockquote><p><span class="entry-title entry-content">Using JetBlue wifi to access twitter, 10 seconds later, I get a follow request from JetBlue on twitter. Half freaked out, half awed.</span></p></blockquote>
<p>I think this is the end of it and vow never to use Jet Blue’s free wi-fi.</p>
<p><strong>But, some 20-minutes later, the saga moves to the next phase</strong></p>
<p>See what happens at <a href="http://jonathanfields.com/blog/jetblue-twitter-customer-service-or-to-spy/" target="_blank">Jonathanfields</a></p>
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