Community Building Is Essential To Generating Revenue

This post was written by Matthew Berman

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Online Communities Help You Achieve Your Goals

In a digital-first world the way we communicate has fundamentally changed. We seek community, we seek content, we seek connection. Building community is more important than ever. A driven community fosters relationships and meaningful conversation.  Beyond educating consumers on a brand’s products or services, an online community can drive demand. 

Building an online community will allow your brand to:

  1. Increase revenue
  2. Establish thought leadership
  3. Drive product innovation
  4. Encourage user generated content and social validation
  5. Reduce support costs
  6. Create brand ambassadors
  7. Boost engagement
  8. Get real-time customer feedback
community building goals

Key Stats

building a community

You Create Community With Valuable Content

It’s human nature to connect with likeminded people. We’re hardwired to form communities around similar interests. In order for communities to get off the ground, they need content for people to form a community around. Remember, communities form around content that brings value to the consumer. The content can’t just talk about you, your product, and service. 

Types of content your brand could create to build a community include:

As you’re creating community-driven content, encourage your users to communicate with each other on a social media or branded platform. 

Communities Create The Customer Touchpoints Necessary To Drive Revenue 

The average customer journey takes at least 20 touchpoints before a purchasing decision is made. In post-COVID world customers also expect a level of personalization. It’s a tall order for your brand to create 20+ unique content items for individual users and will be difficult for even the largest brands. Instead, consider building tentpole content that can be discussed, shared, remixed, and encourage user participation. 

Your brand can greatly benefit from an online community, as audience engagement generates touchpoints for your brand, including:

Like the infographic above? View and share it as a reel or story.

Engagement Is Key To Community Longevity 

Engagement is an important metric for any brand. Over the last two years, companies that invested in digital engagement grew top-line revenue by an average of 70%. 

As customer concerns over privacy shift us into a ‘cookieless’ world, engagement driven through content and community is more important than ever. Digital engagement leads to:

Building a community delivers real customer engagement benefits. The community is a dedicated place for a customer to learn, grow, problem-solve, and interact.

Matthew Berman

Matthew Berman is the President of Emerald Digital, a full service digital marketing agency. Emerald Digital helps businesses grow, communicate, and built relationships. Through compelling creative, relationship management, and boatloads of data, Emerald Digital increases sales, leads, and customer engagement. Berman resides in New Orleans with his family, dogs, and guitars. Throughout his career, Berman has founded 3 companies and has helped drive over $1 billion in sales for clients. Berman is an avid guitar player and can be found causing mischief in New Orleans with his family. 

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