How can businesses benefit from network effects?

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Startups can benefit greatly from this concept, as the vast majority meet the pillars specified above .

However, there is something that is essential for this way of working to have the expected success: constant work .

While growth through this concept requires a low investment to bring results, doing serious work is essential .

At first it may seem that the business grows by taiwan mobile database inertia, however, it must be accompanied and fed positively so that this inertia continues to bring positive results.

If your business is scalable, has a high technological base, has a digital space and the concepts we have seen can be applied to it, yes, it is possible.

To do this, you need to give it a first push that will give rise to the network effect . To promote network effects, you need to reach a minimum number of users that will depend on the type of your business.

The work that must be done with this group is motivation so that in this way they help you, even indirectly, to acquire new users .

And most importantly, once the network effect is achieved, it is essential to know how to satisfy the customer so that growth continues.