Courtsey: thesituationist

Social Networks pervade the internet.Facebook CEO, Mark Zukerberg  often talks about social graphs and the new emerging business  model(and what not). Despite the apparent failure of Facebook to  leverage its business potential , there is a ring of truth in the  almost prophetic pronouncement of the CEO of the biggest social  network site.

Just like links have deep mathematical structures (which Google  exploited to the hilt), Social Networks have even deeper and more  meaningful structures ready to be exploited. And it has mathematical  precedence as a study of Network Theory.

Starting with isolated research in the early twentieth century , and  following with significant gaps in research progress, network theory  has recently formed a broad theoretical discipline. And it has just  just come of age. The most appealing aspect is the live and  extensive hot bed to test and exploit its theories in the form of  Social Networks like Facebook,Myspace, Orkut etc.

Network Theory fits within a broader theoretical discipline known as  complexity theory(the study of complex systems). Complexity theory is interdisciplinary and studies complexity on  multiple levels. Example of complex systems include weather  patterns, food webs, traffic flow. Network Theory is a subset of  complexity theory that specifically studies complex networks. These  theories overlap and influence each other and their boundaries are  fuzzy.

In this series I will shine a light on the results in Network theory  and how they can be leveraged to push social network marketing to a  totally new level. Think Yahoo catalogs and then think Google’s  intelligent search engine, I am talking about that kind of level up.

You must have heard of “ small world effect“, and if not that  then you surely must have heard of “ six degrees of separation“. It  is hypothesized that you are separated by anyone else in the tangled  network with average of six: means that there is someone who knows  someone who knows someone who knows you. The average length of this  chain is six.Now this is a very powerful result. And once you see  something powerful, the best thing is to start asking questions–  lots of it: How can I leverage it? Can it explain something that we  have noticed already? How can I manage that change now that I know this?  Can I innovate on it? Does it open a new dimension for marketing? If  yes then how can I get on it and exploit it?

It is very important to ask these kind of questions because the  questions themselves(even if you don’t have an answer right now)  show you that we find marketing space crowded only because we have  not discovered other marketing dimensions. Imagine living in a two dimensional  world and all of a sudden discovering the third dimension, and think  what kind of mobility that knowledge will give you.

These kind of results are fundamentally different from tactics  marketers apply to navigate through the crowd. These kind of results  show you new dimensions, not just how to eke out a living in an  already crowded space. And it is extremely important that you  yourself ask the questions before you see the answers.

And in short, what is that phenomena again? The phenomena is Network  theory which opens up a new dimensions in internet marketing, and  more precisely social network marketing. And when a new dimension  opens up the rules change, even for the dimensions you are already  working on.

It is very important that you think about it. Leave your thoughts, questions etc in the comments and I will try to address most of them plus what I have to say in my next post.

As Discovery Channel would say –”Think again.”

Tags: Complex systems, Facebook, Myspace, Orkut, Social network