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With the huge amount of talk about building your personal brand throughout the blogosphere (see Brogan and Schwabel, among others), the question that’s popped into my mind is:
How do you measure the value of your personal brand?
In a stock market scenario, you can multiply number of shares outstanding by the value of share to get market cap.
But a personal brand?
I’m sure there’s someone who has looked at such metrics as:
- Extent of your network
(e.g. Number of LinkedIn contacts + Twitter followers + Facebook friends, etc.,) - Ability to start a conversation
(number of blog comments, facebook status update comments, or the subscriber conversion ratio) - Growth of your network
(number of additions/followers, etc. per week/month)
All and any of these are valid, but here are some that I look at.
- How often does someone say to you “There’s someone you should meet.”
As Jeff Pulver says, an introduction is an endorsement, so it’s kind of like a Net Promoter Score (NPS) for your brand. - How often do you forge relationships with people who have no mutual friends with you?
This is how you break into new networks and extend your brand reach farther. - What is your Time-to-pass-along rate?
How quickly do your new network connections (see #1), then turn around and say “there’s someone you should meet"?”
Truthfully, these are probably more of a KPI than a measurement of brand value.
How do you know if your personal brand is increasing in value?
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Comments
Rahel Bailie said on 10.17.2008 at 1:51 AM
The first time I'd been introduced to the concept of personal brand was back in 1997, in Fast Company: www.fastcompany.com/.../brandyou.html
It always surprises me when business people don't realize their brand or brand potential - in the era of social networking, everything we do, post, publish adds to our brand.
Rahel Bailie said on 10.17.2008 at 1:51 AM
The first time I'd been introduced to the concept of personal brand was back in 1997, in Fast Company: www.fastcompany.com/.../brandyou.html
It always surprises me when business people don't realize their brand or brand potential - in the era of social networking, everything we do, post, publish adds to our brand.