Building a community is today considered one of the biggest industry secrets to growing your business. There is good reason this is true too, the fact is, communities foster the power of word-of-mouth marketing through member-to-member engagement and turn influence into dollars.
Why a Brand Community is the Business Strategy You Need
Community building is a crucial strategy that promotes trust, increases your credibility with your member size, and boosts revenue exponentially. Without word-of-mouth marketing or community involvement, many people won’t make a purchase or contribute to the success of your business because most people often rely on positive reviews or social proof before they feel confident purchasing or getting involved.
The following are four powerful ways member-to-member engagement within your community grows your business:
Customer Loyalty
A loyal customer is worth more than ten new salespeople because they will shout about how great you are from the rooftops without you ever paying them a dime. Just the fact that you delivered the right product or service in the right way at the right time to them in a way that met or exceeded their expectations is enough for them to keep buying and tell everyone they know about you. Likewise, inviting your customers to your groups and community will encourage satisfaction and increase loyalty because they feel heard.
Customer Retention
Keeping delighted customers is far less expensive than finding new customers. Even if you only have one product today, understand that having long-term customers hungry for every product or service you offer is your key to sustainability and success. A community helps you do this because people enjoy feeling like part of something important, and active communities serve that purpose.
Brand Advocacy and Word-of-Mouth Marketing
Thrilled customers become brand advocates without you even asking them to. With a vibrant community, you can actually develop your loyal customers to become brand advocates by asking them directly to tell others about you and rewarding them for doing so.
Enhanced Customer Service and Experience
Most people hate calling anyone on the phone to deal with a problem, so don’t worry, you don’t have to do that, but having a community will make your customers feel safe because they will feel as if they know right where to find you at all times of day or night even if you’re sleeping. It feels like a direct connection, and for the customer, that feels good because, face it, big business makes everyone feel unheard and unimportant.
As you can see, member-to-member engagement or getting your community members involved with each other positively is a powerful tool that can grow your business beyond your own capabilities. Not only is it powerful, but it is relatively affordable and simple to do with the right content and contributions from you or your brand community team.