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Post by account_disabled on Dec 28, 2023 4:48:57 GMT
Establish company Articles on similar topics Network effects: This is how indirect and direct network effects work Written by Maximilian Keil @inboundmax E-Book: How big data, AI and automation are revolutionizing your sales processes. Download now Network effects You probably know this: new information and trends spread within a very short time and new people quickly jump on the horse - whether it's about clothing, sports or company trends. When a new trend takes hold, it benefits if there are as many participants as possible who support it and spread their positive opinion to the world. This quickly C Level Contact List creates a network , a community , that stands behind a product, service or trend – and ultimately contributes significantly to its success. → Big Data, AI and Automation in Sales [Free Download] What are network effects? Network effects , also known as network externalities, are effects that arise as the number of users on a product or service increases. The telephone itself is a pointless invention. Only the networking of several devices leads to benefits for users. , the more potential contacts there are - and the greater the purpose of the device . Network effects occur wherever platforms bring different users together and where the number of users impacts the services and success of the offering . Direct network effects Direct or horizontal network effects are effects in which the number of users has a clear influence on the quality of a product.
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