In his latest post 97 Remarkable Ways to Diversify Your Network in a Down Economy , Mark Hayward expands on his idea of using your indirect network to add value.
Most notably, he references "The Twitter Effect". Twitter creates organic links and relationships based on a collection of snippets of conversation, each under 140 characters. For example, I follow 173 people, reading each of their tweets (well, at least I try to read most of them). I may read something interesting between someone I follow and another tweeter, prompting me to then follow that tweeter. Each of those people follow hundreds more, so the opportunity to expand my circle of connection grows. Mark's post links the intrinsic value of those connections with the network created. Thus, the Twitter Effect.
But the Twitter Effect is not limited to just Twitter. A number of applications enhance the Twitter Effect experience:
Twitterlicious is a mashup of Twitter, Delicious, and Ma.gnolia.com. Much like Twhirl, Twitterlicious is a mobile interface, allowing one to see friends' timelines and have the option to clip the tweet. Clipping saves that tweet URL in your delicious.com or ma.gnolia.com account.
TweetDeck is an Adobe Air desktop application currently in public beta. It breaks down huge amounts of twitter feeds into bite-sized pieces, allowing users to split their feeds into topic or group specific columns.
Tweet Beep Basically, Google Alerts for Twitter. One can receive Twitter Alerts via email every time someone tweets about specified keywords or websites.
Twitterholic Provides a list of the 100 best twitterers based on their followers, the people they follow and the number of their updates. As of right now, @BarackObama is #1 with 99,673 followers.
For more Twitter terms visit here and here.