Carrie Jones reminds us that over 60% of startups valued at over $1 billion investment in community as a fundamental part of their business model. Learning from the success of companies like Airbnb, Lyft, Instacart, and Pinterest, Jones gives us six ways companies are making community work for them.
- Build community for its marketing value: The most common reason companies build community is because of its marketing value. It helps them stand out and helps spread the word about their brand. 25% of surveyed startups say they build community to drive marketing or support value.
- If marketing doesn’t fit, start with support: if your concern is customer retention rather than acquisition, focus on building a support community first.
- Be flexible: Humans crave flexibility, and communities are built on human connection. Thus, your approach to community must be flexible and ever-evolving.
- Build confidence: Jones recommends creating a business case document for your team, aligning community with your core values, and reading up on best practices.
- Measure retention: Choosing the right metrics to measure a community’s success can be difficult. Jones recommends you start with customer retention.
- Hire a community manager: 71% of communities have a dedicated community manager. For startups, the number rises to 78%, and for tech startups specifically, 88%.
To read the whole thing, click here: https://www.wework.com/ideas/professional-development/creativity-culture/want-build-community-heres-150-startups