Network Effects

Network Effects is a phenomenon that occurs when a product or service gains additional value as more people use it. Growth hackers often aim to create or leverage network effects, as they can lead to rapid and sustainable growth, especially in platform-based or community-driven businesses.

Network Effects Tips:

    1. Encourage user interaction and contribution to enhance value.
    2. Focus on building a large and active user base.
    3. Implement features that improve with more users.