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Network effect

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Network Effect
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Network Effect
the phenomenon whereby a service becomes more valuable as more people use it, thereby encouraging ever-increasing numbers of adopters.
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Network Effect
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Network Effects: [netw] Network effects refers to the notion that as more people participate in a network, the network becomes more valuable to each participant (a significant part of the value of the product/network, ...

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It can often be word-of-mouth delivered and enhanced online; it can also harness the network effect of the internet and can be very useful in reaching a large number of people rapidly. Source: Wikipedia ...

See also: Network, Service, Aging, Market, Marketing

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