How to turn 50 users into 5,000 with Community-led Growth
Once you’ve found Product-Market Fit (PMF), Community-led growth can be an absolute force in accelerating your business trajectory.
When executed effectively, community-led growth can turn 10 users into 100, and 100 into 10,000 - just ask companies like Notion and HubSpot.
After 8 years of launching 5 communities with 45,000 users, owning a co-working space, and working on Startup GTM/growth at one of the top fintech companies in the world, I've learned quite a bit about the power of community-led growth.
At the end of the day, sustainable and community-focused growth is about:
How to grow your startup to 5,000 users with Community-led Growth
A B2B SaaS founder asked me how to use community-led growth and IRL connections to enter a new geo/market. They wanted to grow their user base from 50 to 1,500 in 60 days; with an overarching goal of 5,000 users in 6 months.
While I told them that nothing is guaranteed, I gave them the exact blueprint for what has worked wonders for me in the past.
When entering a new geo-based market, I use the step-by-step guide below.
Let's dive in.
1. Find the super connectors in your target market. Leverage Twitter and/or LinkedIn
2. Ask those super connectors for support in finding people that align with your Ideal Customer Profile (ICP)
3. Design and create a safe space for your people and prospects to gather
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4. Use an event management platform for lead gen and effective communications
5. While at the event, focus on authentic convos and pain points - there's no need to directly sell.
6. Use those data points as the foundation for building out your community and value-add offerings
7. Send personalized follow-up notes with a direct CTA or an ask
8. Wash. Rinse. Repeat: Carry out your CTA for continued discovery. Then do it all over again.
TL;DR Conclusion
With the right focus on your customers and strategic market positioning, this community-led growth approach can accelerate your company substantially (huge focus on sustainably).
At that point, you are not just focused on closing the deal, but you are focused on building a relationship with your prospect/customer that ultimately leads to a long-term relationship and a longer-term LTV.
Good luck and let me know in the comments what questions or thoughts come up.
Professional Golfer | Keynote Speaker | DM to Book a Golf Experience | Sports Illustrated Host | Follow for Golf and High Performance Tips
8 个月Always bringing the best wisdom! Thanks Jeanine!!
Co-founder and CEO at Chefpost
8 个月Thank you, Jeanine Suah for sharing this invaluable insight! It's spot on! Your framework also applies to B2C; the impact we have experienced with it on both our community and business is truly remarkable.
Brand Marketing| Organic Social Media Marketing| ex-Heineken
8 个月This was helpful, thank you Jeanine Suah
Clone Yourself with AI | I help busy Founders scale your personal brand & 10X Revenue with AI Video Twins | 1.5M+ views & $100K+ in revenue | AI Influencer 200K+ Followers| Book a call below
8 个月Super helpful thank you!
Founder & CEO at BūP? | AI-Driven Lead Nurturing | TBBJ Startup to Watch in 2024
8 个月Love this!