Here's a really simple yet effective video explaining how sharing, rating and review can benefit both businesses and consumers alike.

The massive earthquake in Haiti shaking up to a 7.0 on the Richter scale saw the social media world unite as both  tech companies and individuals do their part in supporting the Haiti earthquake relief efforts, dramatically altering the perceived value of social media. It can really save lives.

This is for those of you who are still skeptical about social media. Enjoy this short 4 minute video. The facts and figures will simply blow you away. Welcome to the World of Socialnomics.

With this new trend and a whole new arsenal of tools, Businesses should start reviewing how Social Media can revolutionize the way they do things, as opposed to unveiling the shocking revelation when weaker competitors leap frog them.