Relationships and Currency

In Trust Agents, we talk a bit about attention as currency, and also about the idea that there are multiple types of currency. In Stephen R. Covey’s 7 Habits of Highly Effective People, Dr. Covey talks about the emotional bank account, and about the need to keep putting in current deposits, because old deposits (acts of kindness towards someone else) “age out,” and don’t go far in giving one credit for more recent experiences. Said another way, “If I call you a few times last month, it doesn’t count towards forgetting your birthday this month.” The same is obviously true in business, or at least it should be.

Two Types of Favors

There are two types of favors I do: ones that I think up, and ones that people ask of me. Over the last several weeks, I’ve performed lots of the first kind of favor. I love doing things for people when they don’t expect it. I never ever ever want anything back from people, either. That’s never what a favor is supposed to mean. The favor is for me. It’s for my feelings.

That other type of favor, where I’m asked to do something, I do most of them because I feel obligated, and I do some of them because the person asking is genuine and really deserves a break. These favors are for other people. In there, there’s the hope that someone will benefit from my effort, but still no real need to repay. That’s not why one does favors.

Random Acts of Kindness

Now, my favorite thing in the world to do is this kind of thing. I love promoting people who don’t expect to be promoted. I love putting little plugs in for things I like, for example my recent stay at the Trump International in Las Vegas. I loved the place, so I shot a promotional video for Man on the Go. There was nothing in it but just appreciation for what they do. I could do this kind of stuff all day.

It’s one of my secret missions: to see great people and wonderful companies get more credit.

How Companies Could Participate

I’ve been obsessed with Zappos since reading Delivering Happiness. I even joined their VIP club today, simply based on the fact that everyone in the business has the core mission of trying to add WOW to people’s days. Man, that’s cool.

There are companies out there just anxious and eager to pounce on doing good things for their customers and prospects. I was floored by Darion J Miller‘s offer to help with a random act of kindness the other day, because he did so, responding as part of Hubspot. Darion’s act transformed a lot of good will from himself onto my thoughts about Hubspot (though I already thought mostly good things about them).

But there are lots of companies out there thinking they’re in a war. They think that everything is about targets and acquisition, and the enemy. How do you think that shapes their view of business? How does that encourage them to participate?

Relationships And Currency

I learn something new every day. Yesterday, I learned that no matter what I’ve done in the past in support of an organization, it’s only the now that matters. I learned that my friendships matter more to me than any relationship I have with any company (bar none), and that most companies don’t value relationships as a default. I learned that we really haven’t come very far in the ideas of human business and relationship-minded business.

And as such, I’ve learned that I have more work to do in the coming years. Work that I embrace. That I’m anxious to carry out. And it involves empowering companies that believe that relationships matter, and empowering people to craft their businesses such that relationships are every bit as important as building revenue, and that the two actually go hand in hand, when executed well.

For the Favor Askers

Finally, a little trick: if you wanted to really rule the universe, you’d do this. Every time you ask for a favor from someone like me, you would do something downright amazing for someone else. I don’t want the favor back. I just want you to do something incredibly awesome for someone else. Because that would be a hell of a lot more thanks than I’m getting now, and it would be much more valuable when spent on others than it would be as a brief thanks in email. Deal?

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  • Anonymous

    Hits pretty close to home right about now. I’m not asking for any favors, Chris, but I will take you up on your offer to do something amazing for someone else.

    A friend just did that for me.

  • http://joannsanorndaily.com JoAnn

    Love this post. Its a great reminder that we really can make a difference, and that our good actions toward others add little bits to our own emotional bank accounts.

  • http://twitter.com/swoodruff Steve Woodruff

    Trying to bring humanity and relationships back into the CORE of how business gets done is going to be lifelong pursuit, with small (yet growing) beachheads as the measure of success. And it’s more than a job. It’s a calling, a mission. Right alongside you, brother!

  • Daniel

    This is common sense, but it does good to read and be reminded of it.

    I think it’s pretty fair say that all too often people place emphasis on the ‘what’s in it for me/my company’.

    I agree, relationship should be the main driver of business, the revenue (though not to be expected) is an outcome of this.

  • http://www.suzemuse.com/ Susan Murphy

    I’m pre-coffee so forgive me. Here’s the thing about favours (or favors as some of you oddly call them :)

    There are a couple of sub-categories of favours to what you describe. In the “asking” category, there’s two. There’s the kind of favour that is asked of a friend or family member – like when my best friend asks me to watch her kids for a few hours. Those are the kinds I’m happy to do because they are my family, and I’d do anything for them. I do the same for my friends, without hesitation. Why? Because we’ve spent a good deal of time building our relationships with each other, and that’s what friends and family do for each other.

    But the other kind are the favours that people ask that I honestly think are out of sheer laziness. “Oh, I’ll just ask Chris (or Bob or Sally), s/he’s always on Twitter anyway” is easier than “Maybe I should just look up who to contact and drop them a line” or “Maybe I should do a few more hours of research before asking someone else to take time out of their day to just give me the answers”. Asking someone to do something for you should ALWAYS be a last resort, and many make it a first step.

    I like what you say about relationships and companies…but the relationship building between individuals is equally important (and I’d argue, it even comes first). Asking for favours is the easy way out – relationships take work. That is, I think, part of the challenge and education that needs to happen.

  • TheCyberGypsy

    One important thing for me is to make sure that the relationships I have with my ‘clients’ develop into friendships, then I don’t have to separate business from pleasure and I can use the normal rules of life that apply to everyone. In fact the only client I ever lost was someone that I couldn’t engage with directly due to certain factors, we didn’t develop a rapport and it all became about ‘business’ in the end.

    Heh and yes, I’ll go with that deal – in fact I’m doing something wonderful for someone right now…

  • http://chrisbrogan.com Chris Brogan

    Oh, I quite agree. Relationships between people are the MOST important. My post was mostly talking about the business end of them.

    Favours (as some of you oddly call them) are faceted indeed. : )

  • Anonymous

    Chris…..I love this topic and the attention you give to the idea of serving / helping others.. I am a fan of the whole “Pay it Forward” concept, as I have seen it work (in real life, not just in the Kevin Spacey movie!). But it hits a wall when people forget to actually pay it forward!

    Your point about people (you said companies… but companies are run by people) thinking they are in a war is spot on. I see far too many people who think the “pie” is limited, and thus are hateful to see anyone else get a piece of pie. Others are indifferent and feel the pie is all gone. The oven is full of pies. The best way to get your slice (heck, slices… heck, whole pies!) is to serve pie to others. Then put ice cream and cheddar cheese on top to surprise them with the bonus!

    I love to see others succeed. For one, it just feels good. For two, it reminds me that I too can succeed.

    Have a great day.

    thom

  • http://www.scms.coop Janine McBee

    Thank you for sharing positive, passionate, practical posts!

  • Tami Heim

    Completely lovely.
    Thank you, Chris.

  • Anonymous

    Isn’t it shocking how often the “lazy askers” that Susan mentioned, don’t even acknowledge that it is a favor they are asking. The “go to” people of the world are often left feeling like they have a giant letter i inked on their forehead. Think twice before becoming dependent on a “go to” person instead of becoming one.

  • http://arts.typepad.com arkrausehardie

    How timely Chris… Thanks for reminding me! And you might find this book really interesting… “The Diamond Cutter”, by Michael Roach. Powerful ideas about business and the role of our ‘intention’ (among other things) in our business results.

  • http://www.danieldecker.net Daniel Decker

    As I read this post the word LOYALTY kept coming to mind. A lot of people seem to lack a sense of it these days (but there are also a huge amount that practice it well). Relationships are built around trust indeed but there’s also a sense of loyalty that is involved for those relationships to prosper. If I value you then I will have a degree of loyalty to you and support you regardless of what you did for me last week or this week (because it’s based on more than a transaction). If I don’t then you’re just a tool and it’s a one sided deal, which is not a relationship.

    BTW… I’ve come to replace the RAK (Random Acts of Kindness) perspective in favor of DAC (Deliberate Acts of Compasssion).

    I don’t want my acts to be random. I want them to be deliberate, intentional and meaningful to make the world a better place.

    • http://chrisbrogan.com Chris Brogan

      Oooh, I like this. Thank you. DAC. Hmmm.

      • http://www.danieldecker.net Daniel Decker

        My wife and I started http://www.GiftofKindness.com a few years back (current site is horrible and being redone as we speak) BUT the mission caught fire. Sites gets a TON of requests for kindness cards, etc. from all over the world. We’re relaunching soon with a ton of new offerings and a revised focus on DAC versus RAK. :)

    • http://chrisbrogan.com Chris Brogan

      Oooh, I like this. Thank you. DAC. Hmmm.

  • http://reallifemadman.blogspot.com Marjorie Clayman

    The phrase “human business” kind of bothers me. It makes me think that we are talking about slavery or chattel. I don’t know why my mind goes there. I guess I am a glass half empty kinda gal :)

    Anyway, I think one of the reasons that companies may be having problems embracing their customers is that they really don’t know who their customers are yet. They know that there is some assortment of people who buy their things. They know that they need that great grey mass. But the art of social demographics and why it is meaningful hasn’t even really caught fire in a lot of companies yet.

    It’s no wonder, really, that these things would take awhile to get a stronghold. How many centuries have we spent doing business in such a way that we identify a target audience and try to give them something *we* think they want? Even lemonade stands are like this. Kids (back when they didn’t have to get a federal permission slip) would set up lemonade stands on hot summer days where they felt their target audience would be — garage sales, busy streets, fairs, etc.

    To tell that lemonade stand owner that actually they should converse with those customers and say, “Do you like regular lemonade or raspberry lemonade” is mind boggling to many.

    What I would love to see would be a healthcare facility making the same kind of buzz as Zappos. By default, healthcare facilities are in the human business, but you sure wouldn’t know it sometimes. Granted, there are pressures, pecuniary and otherwise, but still – a doctor who remembers your name goes a long way.

    In other news, most scientists agree that you are a pretty good person. Paper due to be published shortly.

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  • http://twitter.com/lisahickey lisahickey

    I LOVE the this: “Every time you ask for a favor from someone like me, you would do something downright amazing for someone else. I don’t want the favor back. I just want you to do something incredibly awesome for someone else.” That’s world-changing. I’m off to tell my own peculiar brand of favor-askers to do the same.

    The other thing I liked was Suzyoge’s comment “Think twice before becoming dependent on a “go to” person instead of becoming one.”

    thanks all!

    • http://chrisbrogan.com Chris Brogan

      Oooh, you’re right. Suzyoge’s comment is powerful.

    • http://chrisbrogan.com Chris Brogan

      Oooh, you’re right. Suzyoge’s comment is powerful.

  • http://www.erbeckercompany.com/ Ellie Becker

    Right after reading this post – which I received by email — I read my daily vocabulary builder email A Word A Day, which also delivers a Thought for Today. Today’s thought was so apropos to this post that I had to log on and share…

    It is a bit embarrassing to have been concerned with the human problem all one’s life and find at the end that one has no more to offer by way of advice than “try to be a little kinder.” -Aldous Huxley, novelist (1894-1963)

    Yes both the post and the quote are good advice and great to remember as we go through our business and personal lives! Thanks, Chris.

  • http://chrisbrogan.com Chris Brogan

    Happy to be timely. : )

  • http://chrisbrogan.com Chris Brogan

    I know a healthcare company that cares. Humana. Or that’s what they’re trying to build. We’ll see where that all goes. : )

  • http://chrisbrogan.com Chris Brogan

    All I can say after your great comment is that I want pie.

  • http://davidweedmark.com/ David Weedmark

    Woah. That last paragraph really troubled me Chris. I can just imagine the number of emails you must get from people asking you to help them promote this or that, with the one line “thanks” in return. Well I’ve been enjoying your blog for quite some time now. And I doubt you’ll ever hear from me asking for anything. But your articles always give me stuff to think about. As a thank you, I’m spending the morning helping a new blogger revamp his website this morning. Working on a test site right now, teaching him how to customize, and making editing suggestions on the content. He has already agreed to pay this forward to someone else one day too, who will also pay it forward… and one day this may just make it back to you without any of us knowing. Have a wondrous day.

  • http://www.baltimoreconcertopera.com Brendan Cooke

    I’m with you, the best kind of favor is one for which you expect nothing in return. I do have to say though, that it is amazing what kind of reservoir of good will you can build up, and how easy it is to tap into it when you need it. In 2009, Baltimore lost its opera company…putting many folks out of work. Some friends and I called in some favors, and started Baltimore Concert Opera. We never could have gotten off the ground, without a little help from our friends…who expected nothing in return. Do right by folks, and they will do right by you! One of our singers asked me how we manage to get world class talent on our small budget, and we decided to have a little fun with the answer…I hope you enjoy it if you’ve got five minutes for a laugh. http://www.youtube.com/watch?v=I2NU9KY7w-w

  • http://www.baltimoreconcertopera.com Brendan Cooke

    I’m with you, the best kind of favor is one for which you expect nothing in return. I do have to say though, that it is amazing what kind of reservoir of good will you can build up, and how easy it is to tap into it when you need it. In 2009, Baltimore lost its opera company…putting many folks out of work. Some friends and I called in some favors, and started Baltimore Concert Opera. We never could have gotten off the ground, without a little help from our friends…who expected nothing in return. Do right by folks, and they will do right by you! One of our singers asked me how we manage to get world class talent on our small budget, and we decided to have a little fun with the answer…I hope you enjoy it if you’ve got five minutes for a laugh. http://www.youtube.com/watch?v=I2NU9KY7w-w

  • http://twitter.com/susangiurleo susangiurleo

    Marjorie, as someone who is working within health care to teach and educate about relationship-based business, I am amazed by how patients/clients are most often seen as numbers, statistics and units. There are complex reasons for this. (If we took to heart every medical case that ended in tragedy we wouldn’t be able to function) But, as in most industries, health care has a long way to go before they even get close to Zappos.

  • http://reallifemadman.blogspot.com Marjorie Clayman

    Yes. I have been on the patient side only, obviously, but there have been lots of tiny incidents where a little humanity would have been most welcome. That sometimes those incidents actually led to plain bad treatment (whether through ineptitude or stress I don’t know) is really unfortunate.

    Obviously those in the healthcare industry have a lot riding on their shoulders, especially since malpractice is the new Pokemon. But still…as you say, I think there just might be room for improvement.

  • http://reallifemadman.blogspot.com Marjorie Clayman

    I’ve heard of them only in passing. I’ll keep my ears unplugged and my eyes open, but I will not hold my breath :)

  • http://nateriggs.com nateriggs

    I’m all warm and fuzzy now. ;)

    Totally spot on in the entire post, especially the past paragraph. It’s the essence of karma. Give away your attention, time, effort or maybe even just a smile and it will come back to you eventually. Viral niceness…

  • http://www.zackluby.com/ Zack Luby

    Thanks Chris, great post.

    I think that paying it forward, RAC, or DAC (thanks Daniel!) can be so much more than a response to a favor. To me, this is really the fundamental underlying philosophy that creates amazing brands. There is something about the spirit of these efforts that leads to success – little acts pile up. It’s almost a place where, dare I say it, spirituality and business mix. It can be pretty powerful.

    Doing a favor for someone because you have had a favor done for you is awesome – good on you for making that happen. Doing favors for people because you know it’s the right thing to do and will actually end up making your life better for having done something kind is infinitely more powerful. (And it’s good business).

  • Karl Tatgenhorst

    One of my favorite things when I do a favor is just like you said, I ask the person to do something of equal value for someone else. Sometimes they do so to oblige me, but the best is when I later see them doing the same thing. I don’t think of that as social currency per se, but in the end it’s non-transferable solid gold and you OWN it!
    Great post

  • http://suwanneerefugee.blogspot.com Suwannee Refugee

    I do this quite a bit with my blog. I promote lots of Florida bloggers who never reciprocate. I just like his or her posts.

  • http://www.joshchandlerva.com Josh Chandler

    Chris,

    As I’ve learnt in “How To Win Friends And Influence People”, its all about making the other person feel important. You can build successful business relationships if you show that you are looking at a situation solely from the others perspective.

    I certainly agree with you that we shouldn’t expect anything in return for our favors. It shows that we really have an ulterior motive which served our interests rather then the person we did the favor for.

  • http://twitter.com/PeterFaur Peter Faur

    Early in my career, I had the chance to do some work with advertising great Wally Armbruster (“If cows could, they’d give Milnot.” “When you say Budweiser, you’ve said it all.” Incredible hits in their day.) He was the first person to advise me that business isn’t about beating your competitor but about making love to your customer. It was service, yes, but it was also relationship. I’m glad to see you keeping the tradition alive and extending it. Thanks, Chris, for all you’re doing.

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  • http://raulcolon.net Raul Colon

    Another post I can relate. Yesterday I had a person who requested me to find him Business Proposal Templates for his new Business. I asked him a few questions and he already had a business proposal document so I requested for him to send it my way so I could review.

    The next question was how mucho was I going to charge him for it. I was so happy to have someone into the idea of setting up their own business (something very rare at his age and in our culture) that I was going to do i for free. So he asked me what could he do for me and I replied with those magical words you included on this post do the same thing for another person.

    I learned this from a good friend much older friend (could have been my grandfather) he taught me how to do acts of kindness without disclosing them.

    Like you said Chris their is nothing better than the feeling of helping someone when they really needed and even when they did not request it. I am always aware with my enviroment and if I see someone is struggling to find cash for Gas at the Gas Station when they go to their car I will pay for their gas and take off not even letting them thank me.

    We live in a world where too many people fail at just helping they are always waiting for something in exchange. Which makes it a lot easier for people like you who make random acts of kindness or help people out genuinely.

    As for Tony Hsieh’s book I got a as a gift during the CM Summit and I gave one to a good friend. Both of us are in the same line of work and almost in every situation we have we quote the book and the way Tony handled many situations.

    Have you had the chance to take a look at the Zappos culture book? Completely Unique. I also got it as a gift from Zappos I requested it and they sent it Priority Mail at no cost from Vegas to Puerto RIco in two days amazing.

    In honor of the time you took to write the post and share it with us I will make sure too try to make a few acts of kindness during the weekend.

  • Anonymous

    One of the best pieces of advice learned when starting out as a blogger was ‘do nice things for others and don’t expect anything in return.’ This couldn’t be more sage, and I have been pleasantly surprised (and shocked!) when others have mentioned my work on their much bigger and popular sites.

    Random acts of kindness is so under-appreciated.

  • Anonymous

    Wow! Deliberate puts more of an onus on action, and implies a time imperative. I’ll have to ‘Post-It’ that one-thanks!

  • http://www.ipaddaily.com Shane

    Chris. I’ve always loved the idea in Trust Agents regarding “attention as currency”. Ideally, currency holds such high value on multiple levels. It has it’s great points and it has its ugly side. Attention, the same way. In all honesty I call this “humility”. The greatest leaders of our time are those you will never hear about…..truly. They give favors and never expect anything in return. Yet, they are such great leaders because one of the hardest things for us “humans” to practice is putting the ego and self-promotion needs behind us. Practice humility for the sake of being a great leader and it will become common to help promote others – - about as common as it is to ask for something ;-)

  • http://socialbutterflyguy.com/ DJ Waldow

    Chris –

    This statement is why I’m such a big fan…

    “It’s one of my secret missions: to see great people and wonderful companies get more credit.”

    DJ Waldow
    Director of Community, Blue Sky Factory
    @djwaldow

  • http://www.bilal.ca Bilal Jaffery

    Chris,

    Thank you bringing this back to the roots. Communities are formed on relationships and not self-promotion. We buy from people we like. Not because they were the best at annoying us. Most organizations, including the Fortune 50 where I lead the social strategy still get it wrong.

    Social is a rebel. It challenges the previous models. It makes people uneasy. Heck, it makes the agencies shiver at night because of lack of control.

    I believe that social is a cultural shift for some and it has to come from within.

    Some other thoughts on the same topic: http://www.bilal.ca/a-truly-social-enteprise-is-hungry/

  • http://www.bilal.ca Bilal Jaffery

    At the end of the day, social media can only survive when we bring focus back to relationships. Not self-promotion. ROI will come from the relationship in the B2C and B2B space. Just like in the real life, you have to earn that attention and respect.

    Sadly, most firms and people see social media as a channel for broadcasting.

  • http://twitter.com/justrobyn Robyn Flach

    I am filled with gratitude to both you and Darion for stepping up to help in my quest to bring my friend a smile last weekend. It was completely unexpected, and yes – downright amazing, and I’ll be paying it forward continuously. The words ‘thank you’ just aren’t strong enough.
    Robyn

  • http://www.Twitter.com/TheGirlPie @TheGirlPie

    Great point on “deliberate” — thanks so much for putting it into good people’s heads here. I liked the idea of RAK but I’m not kind and rarely random. I actually live out my own “Surprise Acts of Support” — (or what some call, butting in~!)

    I’m not very kind or compassionate, so I’m grateful so many here are, but I am loyal, helpful, effective, supportive, protective… hey, maybe I’m a guide dog~!

    Thanks for catching my attention, Daniel — heading over to your site next. I meet the niftiest kids in the comments of my brightest net pals ~ what a lucky gal I am.

  • http://www.Twitter.com/TheGirlPie @TheGirlPie

    “Favor” = “gift”, as in “party favor” (when it was a delightful little surprise, not expected swag) and “the favor of a reply is a appreciated,” which echos these two types Chris offers.
    The gift of his attention that he loves to instigate and bestow personally;
    and the gift of judiciously agreeing to help when asked and really needed.

    Like a dollar bill, each favor, each act, passes from you to someone else, to another and on… this “targeted spending” is an excellent way to vote our priorities, our values, our hopes and our support. You favored a particular person for your reason.

    But I love it when someone like you, Chris (and you and you and you, too), stands on the tall building, rings a bell to gather a crowd of those who can hear it, and releases his favors/gifts/dollars into the air to be caught and enjoyed and shared and passed on. Like this post, like your introductions, your book. This one-to-many favor takes so many forms these days — just the commenters here confirm the wide reach of a mass favor that this post it. Common sense, yes; often too uncommon, unfortunately. Thank you.

    In our global village, a favor/gift actually requires only a thanks in return.
    But the benefits of also paying it forward, both with internal gratitude and with external action, are so far-reaching, long-lasting, and life-changing that it’s a shame to do any less.

    You may never know how your gift makes an impact. The simple act of, say, sharing an email about a book club, may change a world, or maybe it’s only going to change your own world because of your own attention to it. Swell! But your intentions and the actions that spring from them do change lives. People may not “trust” a pink cartoon face with a name they think is anonymous, but they usually grok my intention and value the return on their attention investment. When they use my favor/Tip to RT a person’s useful tweet as a thank-you for their #FollowFriday instead of just replying “thanks for the #FF”, they’re practicing the “trick” you advise Askers. They’re floating the currency onto the crowd for a wider benefit to more.

    Thanks, Chris, for reminding me that what’s good for business usually boils down to what’s good for most personal one-to-one daily relationships. I love having brighter minds confirm my ways, and I so appreciate the poke to walk-my-talk more in my own business.

  • commoncents

    The best favor or kindness is when it is totally unconditional. I realize that does not happen often (in business) and that giving to others or giving of ourselves, usually is done with a few conditions attached. We need (and sometimes expect) to be reciprocated for what we do, in the form of profits, or increasing business or adding to our own credibility.

    I agree, Chris, saying thank you is nice and always proper… keep up your ‘good work’ and this quote might be appropriate.

    “People will forget what you said. People will forget what you did. But, people will never forget how you made them feel”

  • Anonymous

    Sounds like a plan….

  • Beverly Brown

    Inspiring post, Chris. Solid, pay-it-forward goodness. Treating people the way you want to be treated is a high standard. What would happen if we treated people the way THEY want to be treated?

  • Kat Gordon

    Deal. No, double deal.

  • http://www.accidentalseeker.com/ Karen Talavera

    Deal, Pay if forward should be the mantra for humanity.

  • Anonymous

    it pays to put these advices into our business life.

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