Creating a Network Effect of Member Value
I spoke last week to the Board and senior staff of a large association about Web 2.0 and what these technologies mean for associations. I was asked by the moderator to boil down the single greatest value of Web 2.0 for associations. For me, one of the greatest lessons is the idea of creating network effect businesses where the product or service is more valuable to each person the more people use or purchase it.
Associations must create a network effect of member value in everything we do. In fact, I believe that associations are better positioned to create a network effect than most other businesses and organizations. We start as informal networks! But I think we move away from this over time as organizations mature and build up a bureaucratic middle.
Imagine how much value your association could create for your members if a network effect of value is built into your services and products. The path to doing so, I believe, is to pay attention to what is going on with the Web these days around participation and social networks and develop ideas for how to create the same dynamics with your members. As you plan events, products or services, simply ask "How can we design this so that each person who joins/buys adds value to all the others who do so as well?"
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