Community As The Next Business Moat
Why Community Is Going To Be The 6th Moat & Help Businesses Of All Sizes Compete Against Market Leaders
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Watch The Full Presentation
The Community Conference Deck Broken Down
Meet Ella & Dave who show us why ordering online is often flawed and how the community come to save the day and save us money
The reason so many companies struggle to ask their customer how they are and ask for feedback away from a survey link - they simply don’t value repeat customers - who could then help other customers and the brand
The Intent States Many Brands Overlook - From top of funnel Educate State, Want State, Need State & bottom of funnel Action State
The community funnel & looking at the community funnel
The evolution moats and being about to see exactly what competitors are doing has opened up a 6th moat = community
Trust is the critical factor in community and it is going to take a community manager
Brands have created ASK fatigue (always asking for more) and it’s hindering everyone’s ability to build brand loyalty
B2B buyer flow is actually different to what people expect (asking industry colleagues and contacts is one chat away)
The B2C buyer flow is evolving constantly and rewards will win for most smart brands
How The High Performance Podcast was close to building community rather than audience & presenters
The 7 types (The Shouter, The Funny One, The Unofficial Sharer, The Busy One, The Tagger, The Lurker & The Creator) of group chat personas and the transfer over to the business community
Status, rewards, exclusive discounts, engagement, connection and the chance to be heard are the cheat code for community
Football Corporations (not clubs nowadays) are the closest to a community - but the business side doesn’t want to really embrace the fans until they need help
B2B brands like HubSpot, Figma & Notions are building their brands with community-like behaviours
Learn how Taylor Swift built her community with long-term engagement (yes over Tumblr) and donations to build an incredibly powerful community of superfans. Listen to the Trapital podcast below for the full breakdown
Learn how mastermind groups are almost communities and don’t engineer it well enough
Learn how co-working was on the right track with communities
Why the marketplaces of the future will have to embrace community
The risks and benefits of community (and how Reddit was naive to the power of their communities)
See my big community idea & pitch that got rejected
Community moving the most important business metrics
& the top 10 tips to win at community (including why rewarding identity will win)