Good morning: Are communities the future?

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Good morning, Marketers, and are communities the future across all verticals?

I was just reading about some results from a survey conducted in the U.K. last month by Amity, a platform that creates in-app social experiences. 72% of consumers are likely to return to a brand that creates strong online communities. Now, let’s apply a little critical distance. It was a survey of 500 consumers, a small sample; and Amity’s in the business of building digital communities.

Nevertheless, the trend strikes me as plausible. And it is no doubt yet another of the seemingly infinite series of trends accelerated by the challenging health, social and political environments we now inhabit. Consumers want to feel valued (nothing new), they want brands to share their values (a newer and growing trend) and they want experiences not just products; authentic engagement, not just transactions.

Here’s the twist. Those facts don’t just apply to consumer brands any more. B2B buyers too have had enough of just being sold to; being upsold, cross-sold…sign on the dotted line. And with subscription models widespread, it’s easier than ever to look elsewhere. Smart B2B brands are thinking about communities too — and customer lifetime value both at the account and business level.

Kim Davis

Editorial Director

Shorts

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Quote of the day. “I love seeing more companies prioritize mental health days, company shutdowns the last week of the calendar year, and other proactive efforts to encourage much-needed downtime.” Matt Heinz, President, Heinz Marketing Inc.