Social network theory views social relationships in terms of nodes and ties. Nodes are the individual actors within the networks, and ties are the relationships between the actors. There can be many kinds of ties between the nodes. In its most simple form, a social network is a map of all of the relevant ties between the nodes being studied. The network can also be used to determine the social capital of individual actors. These concepts are often displayed in a social network diagram, where nodes are the points and ties are the lines.
The shape of the social network helps determine a network's usefulness to its individuals. Smaller, tighter networks can be less useful to their members than networks with lots of loose connections (weak ties) to individuals outside the main network. More "open" networks, with many weak ties and social connections, are more likely to introduce new ideas and opportunities to their members than closed networks with many redundant ties.
In other words, a group of friends who only do things with each other already share the same knowledge and opportunities. A group of individuals with connections to other social worlds is likely to have access to a wider range of information. It is better for individual success to have connections to a variety of networks rather than many connections within a single network.
Similarly, individuals can exercise influence or act as brokers within their social networks by bridging two networks that are not directly linked (called filling structural holes).
Degrees of Separation and the Global Social Network
The small world phenomenon is the hypothesis that the chain of social acquaintances required to connect one arbitrary person to another arbitrary person anywhere in the world is generally short. The concept gave rise to the famous phrase six degrees of separation after a 1967 small world experiment by psychologist Stanley Milgram.
In Milgram's experiment, a sample of US individuals were asked to reach a particular target person by passing a message along a chain of acquaintances. The average length of successful chains turned out to be about five intermediaries or six separation steps (the majority of chains in that study actually failed to complete).
Academic researchers continue to explore this phenomenon. Judith Kleinfeld has written an article that points out the many problems with the original Milgram research. A recent electronic Small World experiment at Columbia University showed that about five to seven degrees of separation are sufficient for connecting any two people through e-mail.
Internet social networks
The first social networking website was Classmates.com, which began in 1995 and used the Old Boy Network method of social networking. Other sites followed, including SixDegrees.com, which began in 1997 using the Web of Contacts model. The year 1999 saw the development of two competing models of social networking, the Circle of Trust developed by Epinions and utilised by Ciao.com, Dooyoo and ToLuna and the Circle of Friends developed by Jonathan Bishop, which was utilised on a number of regional UK sites between 1999 and 2001 and flourished with the advent of a website called Friendster in 2002.
This is now one of the most dominant methods of social networking in virtual communities,
perhaps for the reason that it gives the user control rather than being computer controlled. There were over 50 social networking sites using the Circle of Friends in 2005 when one such online community, MySpace, was getting more page views than Google. Google has a social network called Orkut, launched in 2004. Social networking began to be seen as a component of internet strategy at around the same time: in March 2005 Yahoo launched Yahoo! 360°, their entry into the field, and in July 2005 News Corporation bought Circle of Friends-based MySpace followed by ITV buying Old-Boys Network-based Friends Reunited in December that year. It is estimated that combined there are now over 200 social networking sites using these existing and emerging social networking models.
In these communities, an initial set of founders sends out messages inviting members of their own personal networks to join the site. New members repeat the process, growing the total number of members and links in the network. Sites then offer features such as automatic address book updates, viewable profiles, the ability to form new links through "introduction services," and other forms of online social connections. Social networks can also be organized around business connections, as in the case of LinkedIn.
Blended networking is an approach to social networking that combines both offline elements (face-to-face events) and online elements. MySpace, for example, builds on independent music and party scenes, and Facebook was originally designed to mirror a college community, though it has since expanded its scope to include high school, job-related, and regional networks. The newest social networks on the Internet are becoming more focused on niches such as travel, art, tennis, football (soccer), golf, cars, dog owners, and even cosmetic surgery.
Most of the social networks on the internet are public, allowing anyone to join. Organizations, such as large companies, also have access to private social networking applications, known as Enterprise Relationship Management. They install these applications on their own servers and enable employees to share their networks of contacts and relationships to outside people and companies.
A recent development of social network is the integration of marketplace element in it, known as the Social Marketplace
There are many discussions as to where social networking is headed next. The advent of the Internet has enabled informal social networks to connect with people globally and with time shifting (through email), although in practice, most interactions are with people who live and work nearby.
A new type of social network are links between web pages. These can be studied in their own right (i.e., where are the hubs?) and as links between individual's web pages in social software where individuals begin with their address book, and expand their network by adding friends, "friendster" acquaintances and imaginary friends. This creates connectivity through being discovered through friends of friends, etc. Future applications may allow for discovering the social networks of others by stumbling upon them.
gibLink is poised to become a leader in the adaptation of social networking and a social marketplace under one roof. By revenue sharing with it's members, gibLink will create a huge impact on this new business phenomenon.
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Robbie Fanucchi has been involved with Internet Marketing for over two years.
For more home business information check out his blog at: Profitstorm Blog
Check out how social network is changing the face of Internet Business: GIBLINK
