Why is 2023 an ideal year for entrepreneurs to create an online community
At , we are convinced of the power of the internet community due to the amazing ways that it can transform Heroes' businesses and lives (watch the clip above to see for yourself)!
With 41 percent of US creators running websites or blogs to reach their audiences in addition to social media, online communities that are private can be a great next step to stand out, create more impact and increase your income.
For coaches and creators Online communities can be a key for diversifying and protecting your income while providing you with the ability to control the content you publish and your customer interaction.
Additionally, big businesses have begun to realize the benefits from an method of community-driven method to expansion, which helps customers improve engagement with their company and adaptability and overcome difficulties more quickly.
Twenty twenty-three is expected to see this trend continue and grow, which will mean tons more options for people to select from. The sooner you get started building your own community, the more effective!
In this post we'll look at the reasons these online communities are becoming extremely popular, and also how you can reap their unquestionable advantages for your company.
The growth of online communities
"To create a strong brand is to build a community. And once you have that community, you have the potential to be a client for life as they're building relationships and establishing foundations for support." Dexx Williams, Author and Sales Funnel Investigator. Dexx Williams, Best-Selling Author and sales funnel investigator
Businesses and organizations of all shapes and sizes realize the importance of establishing stronger connections with customers and supporters--and the best way to achieve this is via communities on the internet.
At the time of 2021 the majority of organizations acknowledged that the community is crucial to their purpose as well as 69% contemplating an increase in the amount of money they allocate to their strategies for building community. In 2022, between 79% and 95% of organizations (depending on growth stage) had the support of a dedicated team of community members.
In 2022, the economy of creators grew to 50 million active creators with a market size estimated at $104.2 billion which is more than twice its value since 2019. This number is growing. As a result Online communities are expected to increase their appeal by 2023.
In the end: Online communities are growing. Companies are incorporating them in their marketing strategies to make lasting connections with their clients. Coaches and creators of content use them to take control of their content and to monetize their audience more effectively.
Why are online communities important?
"Community is the adhesive that holds my company together. And I love Communities because it allows me to be in complete control on my site without having to depend on social media." Chelsie Kenyony, Marketing Expert and Certified Coach. Chelsie Kenyon, Marketing Expert and Certified Coach
With committed communities, coaches and creators can connect with their target audience and profit from their work in a meaningful way--with full ownership. It's also an excellent way to boost brand recognition and the loyalty of customers, increase growth opportunities, and even increase customer service.
Private online communities are also an alternative to the social media websites that make life hard for creators through continual algorithm updates and complicated uncoherent rules.
Another issue is that social media platforms could be undergoing major disruption like, for instance, Twitter and Facebook, but they can even crumble and fall apart, such as Vine. Establishing 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 users get bored of getting bombarded by adverts. People are looking for genuine connection rather than being sold to. That's the reason online communities are thriving--they're the best way to establish trusting, authentic connections between members and creators.
Bottom line: Organizations of all types and sizes realize the benefits that communities on the internet impact their profits in terms of reputation, impact, and reputation. Communities online are also an option that is safe for creators, helping them avoid complicated, constantly changing rules and algorithm-related issues of social media which result in losses in revenue.
Six benefits of online communities
Online communities bring a wealth of benefits that go beyond simply being able to connect and engage with your target audience. Here are six of the principal advantages.
- Find more efficient ways to interact with your customers. Communities on the web provide you with greater insight into your customers over any other method of marketing, with 86% of brand managers having reported "deeper/richer insight into customer needs." A majority of eighty two percent also report that they've gained the "ability to listen/uncover new questions," which ultimately helps to increase the effectiveness of your services and improve your overall relationship with your customers.
- Make yourself stand out from the competition. It's not common for people to use online community platforms to interact with their audience, so you'll stand out of your competitors by establishing a place for your members to meet, hang out, and interact with each other and you.
- Bring in the new member. Communities that thrive have the energy and enthusiasm that members want to share with their fellow members. If people have good experiences, making connections, and seeing results, they'll be more inclined to refer your group to other people and help your business grow.
Bottom Line The idea of creating an online community is an excellent way to serve your audience and grow your business. You can take control of your website's content as well as your customer connections, in addition to engage your customers in a more meaningful and meaningful manner.
Why Communities is key to your business
Community platforms online are a great tool to monetize your audience and engage with them.
The enhanced community features of our platform help you connect and collaborate with your users unlike ever 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 live chat in real time, and much more. What are the new features? How do they perform? Check out Tina Tower's walk through of the updated community experience here!
You can now manage your community, events communication, as well as coaching programs, in one place and not rely on social media platforms or complex technology stacks.
"The factors that allow people to communicate with one another are already built into. It's quick, easy and engaging and, when you mix it with all the ways we can help people together in one place It's just designed to help us have the most impact possible on those we help." - David Levin, Author & the founder of Raise Your Inner Game