The reason 2023 is the year entrepreneurs should build an online community
We believe in the power of the internet community due to the amazing ways in which it improves Heroes companies and lives (watch the video above and see for yourself)!
With 41 percent of US creators operating blogs or websites for their readers beyond social media private online communities are an excellent way to differentiate yourself, make a bigger impact, and diversify your revenue.
Coaches and creators for coaches and creators, online communities are essential for diversifying and protecting your revenue while giving you the ability to control your customers' interactions and content.
Additionally, big businesses are increasingly realizing the benefits by adopting a method of community-driven strategy for growth. This helps customers improve engagement with their company and adaptability and overcome challenges more easily.
Twenty twenty-three is expected to see the trend grow and continue to expand that will provide more options for people to pick from. Therefore, the earlier you begin creating your own community the better!
In this article we'll look at the reasons online communities have become extremely popular, and also how you can harness their undeniable advantages for your company.
The rise of online communities
"To effectively build a brand, you need to have a network. Once you've got this community, you've got an ongoing customer because they are forming relationships and establishing the support structure." - Dexx Williams, Author of the Best-Sellers and sales funnel investigator
Organizations and businesses of all shapes and sizes recognize the value of building stronger connections with customers and supporters--and the best way to accomplish this is by utilizing online communities.
In 2021, 86% of businesses agreed that community is essential to their goals as well as 69% planning to increase their budgets to enhance the community-building strategies they employ. Between 79% and 95% of businesses (depending on the stage of growth) were staffed with the support of a dedicated community team.
In 2022, the economy of creators grew to 50 million active creators , with a a market size estimated at $104.2 billion nearly double the amount since. And the number keeps growing. As a result the online community is expected to keep increasing their popularity until 2023.
In the end: Online communities are increasing. Companies are incorporating these as a part of their marketing strategies to make lasting connections with their clients. Content creators and coaches also utilize them to manage the distribution of their content and to monetize their followers more effectively.
What are the benefits of online communities?
"Community is the foundation that keeps my company together. and I am a huge fan of Communities since it allows me to control everything of my website, without having to rely on social media." Chelsie Kenyony, Marketing Expert and Certified Coach. Chelsie Kenyon, Marketing Expert and certified coach
By establishing dedicated communities, coaches and creators can connect with their audience and monetize their work in a meaningful manner while taking full responsibility. It's also an excellent way to boost brand recognition and retention of customers, to maximize growth opportunities, and even increase customer service.
Private online communities also offer an alternative to social media sites that make life hard for the creators due to constant algorithm adjustments and intricate and inconsistent rules.
A different issue is that social platforms can be undergoing major disruption We're thinking of you Twitter or, even more importantly, they could even collapse and collapse, like Vine. The creation of your own social network helps avoid the risk of loss of the connections and content you've worked so hard to create.
It also causes people into distractions, and users get bored of being bombarded with ads. In the end, they want genuine connection rather than being sold to. That's the reason the online community is thriving. It's the best way to establish solid, truthful relations between the creators and their members.
The bottom line is: Organizations of all types and sizes realize the positive impact community-based online interactions impact their profits, reputation, and impact. Online communities are also an excellent option for creatives and help them navigate the ever-changing, complex algorithms and rules of social media that translate into revenue loss.
6 benefits of online communities
The online community can provide a variety of benefits that go beyond simply the ability to interact with and connect with your audience. Below are six of the most important benefits.
- Explore more effective methods to interact with your customers. Community-based online communities provide better insight into your audience more than any other strategy for marketing, with 86% of brand managers reporting they have experienced "deeper/richer insight into customer needs." 82% also report that they've gained the "ability to be open and able to answer new issues," which ultimately helps you leverage your offerings and enhance your relationship with your members.
- Stand out from other companies. It's not common for people to use online community platforms to connect with their audience, so you'll stay ahead of the game if you set up an area for your users to meet, hang out as well as interact with you and each other.
- Bring in potential members. Thriving communities possess the energy and enthusiasm that members want to share with others. When people are having a positive experience, finding connections, and seeing positive results, they'll become more likely to recommend your community to others and help your business grow.
Summary The idea of creating an online community is an excellent option to reach out to your target audience and grow your business. You can take control of your website's content as well as the connections you make with your customers, as well as engage with your customers in a more meaningful and more meaningful way.
Why Communities are crucial to your business
Online community platforms are a great tool to increase the value of your audience while also engaging with your audience.
Our enhanced community features help you connect and collaborate with your users like never before. You are able to record and host the live event and coaching calls and networking events to run challenges, and even gamify your offerings, offer instant chat and chat and much many more. What do these new features work? Take a look at Tina Tower's review of the new community experience below!
By using this software, you will be able to take control of your communities, events or communications programmes, all from one spot and not rely on social media, or relying on an intricate tech stack.
"The elements that make it easier for people to connect with each other are built right in. It's simple, and it's fun, and when you combine those with the many ways that we can work to bring people together in one place It's just designed to help us have the greatest possible impact on those we help." - David Levin, Author & the founder of Raise Your Inner Game