Relationship Commerce… the new definition

Long-term E-commerce success is in a big way relative to Relationship Commerce, building relationships and interacting with consumers. Relationships are extremely important. The relationship a customer has with a company can make or break the company’s success… this is perfectly exhibited with what Amazon does to nurture a relationship.

But what about true relationships that already exist online as the basis for commerce instead of the other way around? Bloggers, authors, celebrities, and any internet personalities who have a deep relationship with their followers can now get what I call ROR – Return on Relationship, with a new kind of Relationship Commerce. The company for which I am on the Board of Advisors and Chief Social Marketing Officer, OpenSky, connects people with existing relationships, we call them Influencers (sellers), to people who make great products, we call them Innovators (suppliers).

OpenSky provides a means for our “sellers” to connect their trusted followers to the products they write about, and are passionate about! All this happens in the OpenSky Distributed Cart without taking the users away from the site where the content about the product and relationship originated and exists. We help Influencers enhance their relationships and provide Innovators with a new means of distribution. Think of it as a Relationship Commerce ecosystem.

Ted Rubin

Don’t forget YouTube!

“Further positioning itself as a TV alternative, YouTube has launched a new user interface option named ‘Leanback,’ with which users can more easily browse content at a distance.” MediaPost, Thursday July 8, 2010

Awesome idea and functionality that will help lead YouTube to the forefront of next generation online video viewing. YouTube is so often overlooked as an incredibly viral social media tool and platform. Everywhere I go the speakers in the social media space are talking about Facebook and Twitter and forgetting the highly engaged value of YouTube.

If you are planning a social media strategy, and want visibility and consumer engagement, make sure to include YouTube… especially as Google adds functionality to the platform.

Ted Rubin