In this episode Joss and David dive deep into how to build meaningful communities. Why is it important to build strong communities - the short answer is it’s good for business and gives you a competitve advantage.
Spinks talks about the transition from Customer Support > Customer Success pioneered by Zappos, and now with Web3 taking it further to Community Driven Business.
This transition runs along side the growing power the internet has given consumers through extending their voice and connecting with each other. Forcing companies to adapt and view consumer empowerment as a competive advantage.
Community Driven Business means:
we're going to invest in us helping you… we are going to start creating ecosystems where you are now able to help each other and you can actually take on leadership roles within the community you can create for each other, you can support each other, you can feel like you have ownership in what we're building.
The anatomy of community is a system of concentric circles, the core rings being the most involved and active. To create a sense of belonging you need to go deep.
A community is a group of people that are willing to make your problems, their problems.
All groups of people can be considered a community but there is a specturm of depth and meaning.
Strong community is when people have the confidence to share their problems with the group and get a resolution.
Dive deeper in Spink’s definition of community here.
There are two common misconeption in Web3 community building:
Here we dive into how to build better communities that will stand the test of time with practical aquisition and retention tips.
Design a thoughtful onboarding experience. The community member journey starts before they become a member.
People engage with your narrative through what you share publicly and what others share about you.
Be intentional about what information you put out and how you welcome people to the ecosystem from this outset.
Putting all your information behind a discord join wall hinder their ablity a deep awareness about your community and feel confident to be an active participant.
Stepping foot into the door is the most overwhelming part. Design your onboarding to reduce both information and social overlaod.
Give people more control over the information and how much they need to digest.
Product Market Fit > Community Market Fit
Lean Startup > Lean Community
The same principles of testing launching initiatives and programs and iterating regularly to uncover what the the community responds best too.
You never launch a community, you are always building it and need to bring the energy each day. Show up every day until you see the organic growth.
What are the incentives embedded in your community. While financial incentives may drive large numbers upfront, skewing to strong financial over social incentives will only drive people playing in the outer rings.
Financial incentives are proven to replace intrinsic social values as people value transactions over quality interactions.
That being said the potential of web3 to reward active partipants is huge
Positive financial incentive that people can see the upside of their contribution and capture value that in Web2 was concentrated in only employees.
Another way to create depth and meaningful connections is through collective learning groups. There are many more of these cohort based learning communities coming up that allow people to be onboarded and learn and create together.
We actively need to create lighthouses and landing pads for people that are curious and coming in from Web2. Rather than seeing the two as ideologically separate, they will be complimentary to each other while we transition to new models that web3 promises.
Until then it’s important that we don’t recreate old inequalities so building bridges for people is critical to ensuring we have DEI (Diversity, Equity and Inclusion).
Many Community teams are a collection of moderators that must wear many hats and operate haphazardly without a clear guiding vision.
Spinks outlines how to structure your community team to allow for strategic vision, thoughtful design and and smooth operations through specialization.
In addition to this as Web3 governance models start building we’ll see more people with political and financial backgrounds join to help facilitate more complex governance and finacial models and processes.
Some resources and linkes mentioned in the episode: