As soon as you read this you have a desire to get rich, that's ok, but don't let that blind you. Although it is very simple, few people manage to apply this principle. In fact, few people will read this text to the end, even though it is interesting and without any nonsense, let alone do something. If you are still here, let's move on.
First, we will go over the principle of the Network Effect together to see how it works, then we will go through examples and at the end you will get 5 steps on how to use this principle.
What is the network effect or networking principle?
A network effect is a phenomenon in which the value of a product (service) increases with each new user. This means that the more users a service has, the greater the value for both the existing user and the new user.
Did I bore you? Don't worry, it will be clear with examples.
Let's start with one from the near present. Instagram as a platform is worthless. There are thousands of such platforms. Imagine if it was just you and me on the platform. We correspond, send pictures shareholder database follow each other, it's great, but it gets boring after a while. We're alone like desert foxes.
Let's throw someone else in. “Hey, you want to log in and hang out with me and Johnny online.” So a few more people come, they invite a few more, and so on ad infinitum.
Of the 10 we invited, two told us: “That's bullshit, I'll never sign up for that! We have serious businesses and I wouldn't waste my time on Instagram.”
After 2 years, clients come to them and say: “You don't have a profile?” What can they do, they have nowhere else to go but to open a profile. That's how the principle works in short. Now you can read the definition again with clarity.
The value of the product (service) increases with each new user.
How was this principle applied before there were networks?
It's easy now with the internet's scumbags, you'll admit. The trick is to get into the foundation, into the genesis, starting with Adam and Eve. You can skip this part, but you'll be left with a gap. Let's see who invented this. Maybe you can guess. Both creator and creation have three letters.
God and the Word.
The first network effect was experienced by Adam and Eve, unlike monkeys and other animals, they communicated with words. Later, other people joined in… how did they emerge in different parts of the world? I don't know and don't ask me. I know that they lived in groups and tribes.
Imagine there are 10 of you in a tribe and you speak 9 different languages. Only two speak the same language. The two of you agree to go hunting and because they cooperate, they are more successful than you. They could use another one on the team, and you would be better off too. They decide to help you learn the language, you decide to learn and hunt together. Then the rest come, all the way down to the last one who doesn't want to learn but has nowhere to go.
Of the 10 of you, no one speaks different languages anymore except him. There he is. Reluctantly, but he is here.
How to get rich using the principle that Zuckerberg uses for Threads right now – Network effect
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