SPI 822: Why Small Communities Win Big—Roundtable with Natalie Franke and Matt Gartland
Sep 20, 2024
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In this engaging discussion, Natalie Franke, Head of Marketing at Flodesk, and community-building expert Matt Gartland share insights on the power of small communities. They explore how personal connections can often yield a more significant impact than large audiences. The duo emphasizes collaboration over competition, and strategies for fostering meaningful relationships in online spaces. They also touch on the importance of diverse perspectives in community-led growth and recommend books that inspire creativity and well-being.
Small communities foster deeper, more meaningful connections, emphasizing quality interactions over sheer audience size in 2024.
Investing in community-led growth enables businesses to build brand loyalty through authentic relationships and word-of-mouth marketing.
The integration of tools like NetSuite streamlines operations, allowing entrepreneurs to make informed decisions quickly and focus on future growth.
Deep dives
The Importance of Future-Proofing with NetSuite
Future-proofing a business is essential, and utilizing tools like NetSuite by Oracle can significantly streamline operations. The platform integrates various aspects of business management, such as accounting, financial management, inventory, and HR, creating a single source of truth. This unified approach enables business owners to make informed decisions quickly and reduces the time spent on historical analysis, allowing more focus on future growth. With real-time insights and capabilities for rapid forecasting, businesses can adapt to changes in the market with confidence.
Revolutionizing Real Estate Investment
Entering real estate investing does not require substantial capital or extensive financial risk, thanks to programs like FlipCheapHouses. This initiative offers aspiring investors the chance to engage in house flipping without using their own funds, as they provide the necessary resources, properties, and renovation teams. Participants are trained in negotiation and property analysis to think like seasoned investors, while also benefitting from a significant share of the profits. This model democratizes real estate investment, making it accessible to motivated individuals looking to build wealth.
Walmart Business Enhances Supply Management
Running a business entails logistical challenges, including the risk of running out of essential supplies. Walmart Business addresses this by offering competitive pricing and a wide selection of products tailored for various business needs, from office supplies to bulk orders. The convenience of the Walmart Business app simplifies the ordering process, so entrepreneurs can focus on their core operations rather than supply chain management. This service exemplifies how businesses can maximize efficiency through practical and cost-effective solutions.
The Shift Towards Smaller, Impactful Communities
In today's business environment, the emphasis is shifting from large gatherings to smaller, more meaningful interactions. Smaller community settings allow for deeper conversations, increased vulnerability, and meaningful connections among participants, making these gatherings more impactful. The conversation highlights the importance of nurturing these intimate connections, as they foster stronger relationships and collaborative growth. As entrepreneurs seek connection, a focus on quality interactions, rather than quantity, is becoming increasingly relevant in 2024.
Community-Led Growth as a Business Strategy
Investing in community-led growth is crucial for businesses aiming to thrive in the current landscape. By prioritizing the needs and experiences of community members, companies can build stronger relationships that drive organic growth. This approach shifts from traditional marketing to a focus on word-of-mouth and shared experiences, enhancing brand loyalty. Recognizing the value of empowering community members as advocates not only boosts visibility but also fosters a sense of belonging that can lead to long-term success.
#822 Why do we let vanity numbers get in the way of making a meaningful impact? Instead of gathering a large audience, one of the most powerful things we can do is bring people together in small groups. With human connection coming at a premium, is this where online business will go in the Age of AI? In this roundtable episode, we tackle the state of community building in 2024 and share our best tips for newcomers in the space. Joining me for this chat are the incredible Natalie Franke, Head of Marketing at Flodesk, and SPI CEO Matt Gartland. So, why are small-scale communities having such a moment in 2024? How do you find your competitive advantage and attract members to your private group? What is the number of people you need to start, and how do you grow without sacrificing deep relationships? Listen in to hear our thoughts and strategies! Show notes and more at SmartPassiveIncome.com/session822.