The Tool Comes Before the Network

by Andy Howard on June 7, 2007

Ebb and Flow of Social Networking

Modelling Social Network Communities Growth, Wisdump

We exist in an attention economy where online communities must provide valuable interactions to be sustainable. The most valuable interactions are those that collect the knowledge of the network and provide meaningful information to the user, such as the most interesting photos on Flickr or most popular bookmarks on Del.icio.us. By building crowdsourcing and networks around core tools, these two communities have stayed far from the downward slide of social network decline, demonstrating that scalable value is delivered by building networks around core services. Facebook is one of the first to retrospectively fit tools to an existing network, which is an intelligent move that hasn’t come too late. After all, Starbucks only began selling beverages a few years after opening. As for Xanga, MySpace and countless others, the horse has already bolted… so it’s time to do whatever Starbucks would be doing if it didn’t ever begin selling beverages.

{ 5 comments… read them below or add one }

Zac June 8, 2007 at 8:18 am

Another gold piece there Andy. What’s next after social networks??

Andy Howard June 8, 2007 at 6:12 pm

Thanks Zac, glad you asked.

Will write more about what’s next… but let’s just say it fuses market forecasting, real-time action monitoring, trend forecasting and real-time thoughts… and aggregates them using groupfluence.

More on that soon…

Andrew June 22, 2007 at 11:47 am

Nice summary. At 100 000 new users a day Facebook is certainly killing it.

IdeaTagger June 25, 2007 at 5:41 am

This should be common sense but is sadly not so. Thanks for the reminder.

By the way, thanks for the comment on my blog.

Social Bookmarks August 26, 2008 at 6:43 am

Thanks for the article on Social Bookmarking! Very informative… and timely! Keep them coming.

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