💰A Community is A Business 💰
Examples?
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I joined a valuable SaaS Discord group, and recently the owner announced a subscription fee of $20. At the time, we were 1,400 members, but now our community has grown to over 10,000 members. Despite the increased size, I continue to pay the $20 monthly subscription because the community offers tremendous value.
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One of my friends manages an impressive Facebook group with over 100,000 users. He earns a monthly income ranging from $6,000 to $20,000 by allowing people to promote their businesses within the group.
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Take a look at IndieHackers! They struck a significant deal with Stripe, and their progress since then has been remarkable.
How can this help you?
How can joining or building a community help you?
- Gain access to a pre-established audience, allowing you to promote your business directly without incurring any costs.
- Learn and enhance your product by observing how your audience interacts with it.
- Joining the appropriate communities can reveal hidden gems and valuable insights within your industry.
- A fantastic opportunity to find your initial 10 customers, establish partnerships, or even learn from your competitors.
How does it work?
Building a community is one of the hardest thing to do.
- Be prepared to give more than you receive.
- Hire a content manager.
- Delete ungrateful cheap people.
- Learn how to be a moderator.
- and more ..
The Secrets to Building and Nurturing Successful Communities
This is a strong point — “community as a business” is something a lot of founders underestimate until they actually see recurring revenue from it. The SaaS Discord example especially shows how value perception matters more than raw member count.
Curious how you think moderation changes once a community crosses the 10k+ stage?
Really agree with this — communities are often the first real distribution channel for early-stage products. The Facebook group example is a good reminder that engagement + relevance can turn into a serious income stream if handled well.
Do you think smaller, highly niche communities outperform large general ones in the long run?
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It's getting hard to create new groups for specific niches. It's like everything is taken :(
But remember, is not only about creating, it takes a lot of effort to build a successful one.
I agree and it's more like finding domain names. But don't limit yourself to FB for example: do reddit, linkedin groups, even indieHackers ! Whatever there is a place to create "rooms", "groups" or "communities" just create one.
Great post!
I agree that a community is a business. You shared some awesome examples of community businesses.
I think they are inspiring and impactful. Thanks for your tips and insights.
😮looks like i’m going to build a community now ..
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