MetCalfe’s Law and Real Estate Social Media Marketing
by Ross Hair on April 21, 2010
in Facebook, Real Estate Social Media
Metcalfe’s Law explains why social networks are so viral and grow so exponentially. If you grasp the concept you can use it every day to power your real estate social media marketing.
In simple terms Metcalfe says that if you have 1 friend this represents 1 connection. If you have 5 friends this represents 10 connections and if you have 12 friends this represents 66 connections. Do you see the exponential growth in connections as you add friends?
Here’s a more scientific explanation – Metcalfe’s law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
In short Metcalfe says “Go send out more friend requests on Facebook already!”
The great news is that Facebook and the other social networks are incredibly viral and you can simply piggyback on their network to virally expand your own personal network. In the Facebook Economy you can reach and connect with so many more people than in the “old days” of door-to-door or tele-canvassing.
About Ross Hair
Ross Hair is the Baldest Man in Real Estate Social Media.
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This is so true. Facebook has givem me the opportunity to connect with those who I have lost contact with and make new connections that go many layers deep. What a fantastic way to make strong relationships and help others.