Do You Have A Netlife

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Do You Have a Netlife?


Exploring the Impact of Online Social Networks


Overview


In today's digital age, online social networks, whether for personal or business purposes, have become an integral part of our lives. A fascinating concept often linked to these networks is the "six degrees of separation." This idea suggests that anyone on Earth can be connected to anyone else through just five intermediaries.

Origins of the Hypothesis


The six degrees of separation theory was introduced in 1929 by Hungarian writer Karinthy Frigyes in his short story "Chains." The premise hinges on the exponential growth of acquaintances through connections, making it feasible for a small chain of links to encompass the entire human population.

Supporting Experiments and Theory


The hypothesis gained traction after Stanley Milgram's 1967 small-world experiment, which found that two random US citizens could typically be connected through a chain of six acquaintances. Milgram noted a "funneling" effect, where a few key individuals, or "stars," held significantly higher connectivity.

Social network theory examines relationships in terms of nodes (individuals) and ties (connections between them). Research by Russell Hill and Robin Dunbar indicates that in contemporary Western society, social network sizes, based on the exchange of Christmas cards, average around 124.9 members.

Networking in Business


In a business context, it’s estimated that a typical manager knows around 250 people, each of whom connects to another 250. This networking creates access to a potential 62,500 connections at just two degrees of separation. This is evidenced by platforms like LinkedIn, where long-term users expand their reach exponentially.

The Value of Open Networks


According to social network theory, the structure of your network significantly influences its value. Smaller, closed networks offer less than larger, open ones with diverse, loose connections. Open networks introduce fresh ideas and opportunities, leading to greater material success.

Thomas Power, Chairman of Ecademy, emphasizes the importance of distant contacts: "Close contacts are valuable for knowledge, while distant ones bring monetary opportunities. Many overlook this fact, but the real value often lies in those distant connections."

Social Networks as Marketing Tools


With technological advancements, social networks are evolving into potent CRM tools for marketers. While search engines deliver data, networks provide real solutions. The collective expertise within a network accelerates problem-solving and idea-sharing on a global scale.

For marketers, the sheer membership numbers on platforms like MySpace or YouTube (acquired by Google for $1.65 billion) are enticing. The promise of "viral buzz" can transform a product or service into an overnight sensation.

The Future of Online Communities


The evolution continues with multi-player online games and communities like Second Life, allowing users to explore, socialize, and engage economically in a 3D world. It's intriguing to consider who will introduce the first online gaming community tailored specifically for business professionals.

Popular Online Business Networks


Here are some notable online business networks:
- [Adholes](http://adholes.com)
- [Affinity Circles](http://affinitycircles.com)
- [LinkedIn](https://www.linkedin.com)
- [Ecademy](http://www.ecademy.com)
- [My Business Mates](http://www.mybusinessmates.com)

These platforms serve as vital tools for extending professional networks and discovering new opportunities. The digital landscape of social networking continues to evolve, shaping the way we connect, collaborate, and succeed in both personal and professional spheres.

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