Why 2023 is an ideal year for entrepreneurs to create an online community
At , we are convinced of the power of online community because we see the incredible ways it transforms Heroes' businesses and lives (watch the clip above to see for yourself)!
With 41 percent of US creators operating blogs or websites for their readers beyond social media online communities that are private can be an excellent way to distinguish yourself, have more impact and diversify your revenue.
For coaches and creators, online communities are key to diversifying and securing your revenue while giving you the ability to control your customers' interactions and content.
Plus, large businesses are increasingly realizing the benefits from a method of community-driven approach for growth. This helps them improve customer engagement and adaptability and more effectively overcome obstacles.
Twenty-three will see this trend continue and grow that will provide of options to select from. So the sooner you start developing your own social network, the better!
In this post, we'll explore why these online communities are becoming extremely popular, and also how you can benefit from their indisputable positive effects for your business.
The rise of online communities
"To effectively build a brand is to build a community. And once you have the community you need, you'll have the potential to be a client for life as they are forming relationships and building foundations for support." Dexx Williams, Author and Sales Funnel Investigator. Dexx Williams, best-selling author as well as Sales Funnel Investigation Investigator
Companies and organisations that are of any size and shape are aware of the benefits of creating more connections with their customers and their supporters. One of the most effective ways to accomplish this is by utilizing online communities.
At the time of 2021 the majority of organizations acknowledged that the community is critical to their mission, and 69% were contemplating an increase in their budget to maximize their strategies for building community. In 2022, between 79% and 95% of companies (depending on the stage of growth) have the support of a dedicated team of community members.
In 2022, the economy of creators has grown to reach 50 million active creators , with a the market estimated to be $104.2 billion, more than double the value of 2019. The number continues to grow. As a result Online communities are expected to keep increasing their popularity until 2023.
In the end: Online communities are on the rise. Businesses are using these as a part of their strategy for business to establish meaningful connections with customers. Content creators and coaches also utilize them to manage the distribution of their content and to monetize their audiences more efficiently.
How important are online communities?
"Community is the foundation that keeps my company together. and I am a huge fan of Communities as it lets me to have full control in my website without having to depend on social media." -- Chelsie Kenyon Marketing Expert and Certified Coach
With special communities, coaches, and artists can reach their target audience and profit from their work in a meaningful manner while taking full responsibility. These are also great ways to increase brand awareness and retention of customers, to maximize potential for growth, and scale customer support.
Private online communities can also be an alternative to the social media websites that make life hard for creatives with constant algorithm adjustments and intricate and inconsistent rules.
A different issue is that social networks can be undergoing major disruption We're thinking of you Twitter, or worse, they may even fall apart and crumble, as with Vine. Setting up your own community can help you avoid the risk of losing the content and connections that you've spent so long trying to create.
The internet also creates distractions for users, and people get tired of frequently being bombarded with advertisements. In the end, they want genuine connection rather than being made to. This is why online communities are thriving--they're the best way to establish trusting, authentic connections between members and creators.
In the end: Organizations of all size and types are aware of the positive effect that community-based online interactions have on their revenue as well as their reputation and influence. Online communities are also a safe option for creators and help them navigate complicated, constantly changing algorithms and rules of social media, which can result in revenue loss.
6 benefits of online communities
Communities on the internet offer a myriad of benefits that go beyond simply being able to connect and engage with your audience. Here are six of the most important benefits.
- Discover more effective ways to interact with your customers. Online communities bring you better insight into your audience more than any other strategy for marketing, with 86 percent of brand managers reporting they have experienced "deeper/richer insight into customer needs." A majority of eighty two percent 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. Not everybody uses online community platforms to interact with their audience, so you'll stand out of your competitors if you set up the space for your customers to hang out, collaborate, and interact with one another and with you.
- Get new members. Community that is flourishing has the energy and enthusiasm that members want to share with their fellow members. If people have a positive experience, finding connections, and seeing outcomes, they'll be more inclined to refer your community to others and assist in growing your business.
Summary The idea of creating an online community is a great method to engage with your customers and grow your business. It allows you to take charge of your content and your customer connections, and also engage your customers in a more meaningful and meaningful manner.
The reason Communities is key to your business
Community platforms online are a great tool to monetize your audience and engage with your audience.
Our community enhancements help you connect and collaborate with your users unlike ever before. You are able to record and host sessions and live events offer networking opportunities to run challenges, and even gamify your offerings, offer instant chat and chat and much other features. What are the new features? How do they perform? Take a look at Tina Tower's review of the new community experience in the video below!
With , you can be in charge of your entire group, event, communications, and coaching programs, in one place that you do not have to depend on social media platforms or an intricate tech stack.
"The factors that allow people to communicate with one another are already built into. It's simple, and it's fun and, when you mix it with all the methods we can bring individuals to be together, it just seems made to allow us to have the greatest possible impact on the people we serve." -- David Levin, Author & the founder of Raise Your Inner Game