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There are few business opportunities today that, except for Network Marketing, give the average person the power of Metcalfe ‘s Rule. Metcalfe ‘s Law, the principle of computer network growth, states that a network’s economic value rises as the number of its users increases. The Law of Metcalfe is frequently cited as an explanation for today’s rapid growth of the Internet and can be used to describe the growing wave of IT we are riding in the 21st Century. However, it can be difficult to persuade others of the power of Network Marketing due to its virtual cyber status, even with this information.Learn more by visiting Summit Defense
The perception of Network Marketing or MLM by the average person may still be that of a pyramid far from what Network Marketing really is and an important topic to discuss in your Network Marketing Training.
As a networker who wants success and all the advantages of the business, duplicating yourself is your first task. With you cloning yourself and your efforts with another human, the almost mystical effects of a successful compensation package begin with you. This is when you begin to see the power of duplication and exponentially evolve to experience the Law of Metcalfe firsthand.
In 1973, Robert Metcalfe co-invented the Ethernet and is credited in 1980 with defining Metcalfe ‘s Law. The definition of Metcalfe ‘s Law is the economic value of a network = number of users, squared. Facebook with just one registered user, for instance, was practically useless. However, it became more appealing and useful for each individual user when 100 users signed up. Then, when 1,000 individuals opted in, it got even better. As the web becomes more useful, fun, and beneficial, Facebook is practically a tale of the “more the merrier.”
Not only as a guide to describe the business model of the industry, but also to illustrate how one’s efforts can be exponentially multiplied, using the Power of Metcalfe ‘s Law is a smart tactic that your prospects can relate to and appreciate in your Network Marketing Preparation.