60 days startup lesson - 56 - Don’t Just Grow Customers — Grow Loyal Communities
60 days startup lesson - 56
Don’t Just Grow Customers — Grow Loyal Communities
1. From Transactions to Relationships
Customers engage in transactions. The relationship is purely economic: product/service for money.
Community Members engage in relationships. Their connection is based on shared values, interests, and a sense of belonging to the brand and to each other. This emotional investment leads to higher lifetime value and fierce loyalty.
2. The Power of Advocacy
A satisfied customer might leave a positive review.
A dedicated community member will actively defend your brand in public, refer friends and family without being asked, and create user-generated content that serves as the most authentic marketing possible. They become an extension of your sales and support teams.
3. A Built-In Feedback Loop
Communities are a goldmine of insight. Instead of paying for market research, you have a dedicated group eager to share ideas, report bugs, and suggest new features. This direct line to your most passionate users allows for rapid, user-informed innovation that consistently hits the mark.
4. Resilience in Crisis
A company with only customers is vulnerable to market shifts, negative press, or a misstep. The relationship is fragile.
A company with a loyal community has a buffer. This group understands the brand's mission, will offer support during tough times, and provide a more nuanced, forgiving perspective. They have a vested interest in seeing you succeed.
How to Build a Community:
Define a Shared Purpose: Your community shouldn’t be just about your product. It should be about a higher goal your product enables (e.g., Nike’s community is about athletic achievement, not just shoes).
Foster Member-to-Member Connections: Create spaces (online forums, social media groups, events) where members can interact with each other, not just with your brand. Your role is to facilitate, not dominate, the conversation.
Provide Exclusive Value: Offer content, access, or opportunities that are only available to community members, making membership feel special and valued.
Empower Your Members: Highlight user success stories, feature their content, and involve them in decision-making processes (e.g., voting on new features).
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