411: Why many products also have a community – with Patrick Woods

Apply to join the Product Mastery Now Community — Application deadline is November 28th. Product managers, take note—the value of adding a community to your product Today we are talking about the value of community. Some products are started as a community while other products add a community aspect later. Of course, many products exist without a community, but that may be missing opportunities. Let’s find out together how community can benefit products. Joining us is Patrick Woods. He is co-founder and CEO of Orbit, the leading community growth platform. He’s worked with business leaders from some of the world’s fastest growing businesses to leverage the power of community. He’s the co-creator of the Orbit Model, host of the Developer Love podcast, and author of the Brand Strategy Canvas. Summary of some concepts discussed for product managers [3:38] What does community mean? I like to define communities based on the expectations of community members. In this framework, there are three types of communities: product, practice, and play. In a community of play, members come together to have a good time. This could be folks who get together to play basketball on Saturday afternoons. The sole purpose is to have fun, meet each other, and have a good time. In a community of practice, members learn about a skill or discipline. This could be a Discord community for CTOs. The goal is to get better at something, to network, and to skill up. In a community of product, folks come together to get better at and talk about a specific product. The Orbit community has users who come together to talk about how to more effectively use the tool. Communities are often a blend of practice and product. [9:26] What is the value of communities for companies? An active and healthy community de-risks and accelerates almost every part of the business. What better way to drive awareness for your product than to have an army of thousands or tens of thousands of people eagerly talking about your product? An active community drives adoption and onboarding because you have customers willing to answer other customers’ questions, which increases retention. A community helps with product discovery, since you can get feedback easily. You can recruit new employees from a community. [12:24] What are your insider secrets for starting a community successfully? Part of my answer will sound philosophical and part will sound tactical. When you start a community, you can think of the process like a customer discovery process. Ask questions like, What’s the market like? Who are my potential customers? What is the overlap between the things the community needs and the things I can provide? Get specific with that. Having a community because everyone has one is not a strong case for a community. Before launching your own community, spend time in other adjacent communities. Learn what the conversation are like, what challenges and themes come up again and again, and how people talk in that space. Find gaps in the market and build credibility. By that point, you’ll have a positioning map of how your community is going to be different and why it matters to your prospective audience. To gain interest, produce a series of event around your market need. Now you’re creating value for your potential community members. Invite people in those adjacent communities to the events. Then, you can onboard them to your community. To create a successful community, first ask yourself, what value can I create for these people? Some people treat their community as nothing more than a source of data. That’s a very short-term view on what a community can be. Create value for your community members and you will capture value too.