Got Social Equity? The quality of your network impacts your net worth: MOMeo’s 30 Day Challenge continues with Gina Bell

When I started to think about the topic of momentum, I kept coming back to social equity, the strength of my network, and the quality of relationships within it.

Social equity is one of my favorite topics to teach, and has a great deal to do with why I’m able to move forward quickly and with such confidence.

Social equity is simply the standards and mutual value of your personal and social relationships. The key to positive social equity is the element of mutual benefit.

When your social equity is high, the people within your network truly care about you and your success – as you care about theirs.

There’s a great deal of mutual benefit. As a result, transitions (in life and business) are much easier to manage, because it’s effortless to garner support in many areas.

They are relevant in that they are interested in your area of expertise.

They are responsive in that they read and comment on your communications.

They are loyal in that they stay around as you and your company(s) grow and evolve.

And, they care – what you do and who you are really do make a difference for them; they notice and it matters.

Does this describe YOUR network?

When you have a relevant, responsive, loyal and caring network it’s almost impossible to fail. I often refer to positive social equity as an insurance policy for your success. The diversity of your network is just as important.

There are specific relationships that are essential to long-term, high level success. For example, if your network only includes customers and prospective customers, there are critical gaps you must consider.

Here are six specific types of relationships, in addition to your network of prospects and customers, that you should spend time developing high social equity with (and why):

1. Family and Friends who “get” what you do. These are friends who support, not sabotage, success. When you share your plans and ideas, they fuel your excitement rather than burst your bubble. They don’t look at you like you’re crazy.
2. Mentor(s) to inspire and lift you to new heights of success.
3. Coach(es) to teach and motivate you to keep growing and moving forward.
4. Masterminds/Associations of like-minded and motivated people moving in the same direction as you, to connect, collaborate, commiserate and celebrate with.
5. Complimentary Experts/Service Providers. These are business owners who share your target audience but serve them in a way that is complementary, as opposed to competitive. These individuals or companies are perfect for co-promotion, collaboration, joint ventures, referrals and more!
6. Industry Experts to stay informed, remain innovative, and strengthen your expertise.

So as you build your own networks and strive to develop high social equity, remember the seven types of equitable relationships and the essential ingredient of mutual benefit.

I’d love to hear how your relationships are supporting your success. Please feel free to comment!

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Gina Bell is a multi-passionate entrepreneur, successful coach and author, President and CEO of Gina Bell, Inc. a company devoted to teaching success-driven women entrepreneurs how to build “equity-rich” internet-based businesses so they can enjoy all the fun, freedom and good fortune they desire.

Gina is also Founder and President of the International Association of Women in Business Online {IAWBO} as well as the Networking Masters International to name a few of her companies and projects.

Gina is host of Women in Business Online Radio Show, author to the forthcoming book Equity-Rich Women Online: How to Love, Leverage and Leap Your Way to Wild Success; and co-author to the AWE, Association of Web Entrepreneurs Emerging Trends Guide 2009 and the Power of Mentorship for the Home-Based Business alongside prominent transformational teachers like Bob Proctor and Dr. John Demartini from “The Secret”.

Gina is known as a Catalyst for Growth and consults with multi-passionate and creative entrepreneurs from all over the world teaching them how to build equity rich online businesses and how to leverage “catalyst” strategies that enable them to up-level their success quickly and with (a lot) less struggle.

You can learn more about Gina, her companies and programs at GinaBellinc.com