The size of your user base can create network effects, making your product more valuable as more people use it, which is a powerful advantage in today's market.

For network effects, consider how your product can improve as more users join. Shift your perspective from a single-player experience to a multiplayer journey, enhancing the product's value with each new user.

The network effect is crucial in marketing; products that improve as more people use them create a compelling reason for others to join in and spread the word.

Creating a network effect in your product can lead to better cohort retention, as each new user enhances the experience for existing users.

The power of network effects makes it hard to create and even harder to kill a social network.

Companies that have a network effect or data lock-in create a natural moat, making it difficult for competitors to replicate their success.

Just because a startup is described as a network doesn't mean it has a network effect; the value of a network increases with the number of nodes, which is not guaranteed.

For software products, especially SaaS, incorporating a network effect is vital for success. If users don't benefit from sharing the product with others, it will likely fail.

Virality occurs when one user introduces your product to others, while network effects mean the product becomes more valuable as more users join. Successful consumer companies leverage both to grow their user base organically.