Rachel Botsman: The currency of the new economy is trust

Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.

Rachel Botsman: The New Currancy is trust

Ted features Rachel Botsman

Very intreging talk by Rachel Botsman, The currency of the new economy is trust.

I will give you a few excerpts you can go the link for more of the transcript.

…..So if someone asked you for the three words that would sum up your reputation, what would you say? How would people describe your judgment, your knowledge, your behaviors, in different situations? Today I’d like to explore with you why the answer to this question will become profoundly important in an age where reputation will be your most valuable asset.

…..Now, collaborative consumption is creating the start of a transformation in the way we think about supply and demand, but it’s also a part of a massive value shift underway, where instead of consuming to keep up with the Joneses, people are consuming to get to know the Joneses. But the key reason why it’s taking off now so fast is because every new advancement of technology increases the efficiency and the social glue of trust to make sharing easier and easier.

…..Now, when you think about it, it’s amazing, right, that over the past 20 years, we’ve evolvedfrom trusting people online to share information to trusting to handing over our credit card information, and now we’re entering the third trust wave: connecting trustworthy strangers to create all kinds of people-powered marketplaces. I actually came across this fascinating study by the Pew Center this week that revealed that an active Facebook user is three times as likely as a non-Internet user to believe that most people are trustworthy. Virtual trust will transform the way we trust one another face to face.

If you have followed some of my post you will know how impressed I am with Empower Network. It is a people helping people network marketing blogging platform. Say that 10 times, LOL!

This talk by Rachel Bostman, rings true with Empower Network. It is truly a different style of doing business. And a very effective one at that!

It is going on record for creating some of the largest and fastest growing networks generating unheard of incomes in neck breaking times! Even when rookies or newbies are at the helm.

I hope you enjoyed Rachel, now go the video show casing Empower Network’s founders and prepare to be amazed! Go here now!

Thank you for veiwing, I love sharing!