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7 October 2022
Courier Weekly provides inspiration and tools to help you work better and live smarter.
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Your weekly round-up of briefings, trends and news.
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Have we reached peak community?
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These days, it feels like every business wants you to be its best friend. Whether it's joining a Discord channel (where it's assumed you'll spend your internet hours discussing the latest product drop) or paying for extra-exclusive benefits (Instagram's latest feature allows content creators to add a subscription service – think of it like OnlyFans lite). Some 77% of companies believe online communities drastically improve brand exposure, awareness and credibility. But is it realistic and necessary for every brand to aim for next-level devotion from customers?
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Beyond the froth
Over the past few years, growing brands have made their communities a differentiator from their big-box competitors – fitness brand Peloton was early to the trend by forming cult-like groups of micro influencers; skincare brand Glossier defines itself as a ‘people-powered beauty ecosystem’. Smaller brands followed the playbook, while the pandemic fueled the calls for community, as businesses were severely limited in how they could connect with people.
The tech industry took full advantage of the sudden shift, with the rise of Web3 and online community-focused startups, which focused on tools and analytics. But, as post-pandemic reality sunk in, these buzzy startups took a hit, with the direct-to-consumer giants going omnichannel as their communities moved on. Businesses are slowly learning from these mistakes to understand what customers really need from community – and the first step is moving away from superficial engagement strategies and an over-reliance on metrics.
‘While the tech bubble is having challenges, I do believe that, overall, the community industry is in its infancy,’ says Rosie Sherry, expert community builder and founder of Rosieland. ‘We need to be led by what people care about and we find this out by listening, not by creating a strategy that carries no meaning for the people.’
In the meantime, small brands are realizing that the key to building community is less about fancy tech tools and more about putting in the work to truly know your community – and build for them.
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Getting personal
Finnegan Shepard, founder of transmasculine and non-binary clothing brand Both&, conducted more than 1,000 interviews with gender-non-conforming individuals to fill a niche market gap. Since launching in October 2020, Both& has seen a 32% repeat customer rate (three times the national average) and has recently launched a crowdfunding campaign to allow those in the community to get a piece of the pie. While this community focus has led to success, Finnegan sees ongoing interaction as a core part of the business.
‘Don't abandon your avid fans because you've got too far removed from them to serve them properly,’ Finnegan says. ‘My advice would be similar to the advice Y Combinator gives: do things that don't scale. I spend at least an hour or two every day writing in-depth responses to customer questions, helping people think through size and fit. I can do that when we're a community of a few thousand but, obviously, I won't be able to do that by myself when we're a community of millions. But I do it nonetheless, because it builds a bedrock foundation for the brand.’
It may seem like a heavy lift, but consider the next wave of shopper preferences: ‘We know that Gen Z care about social values when shopping,’ says Finnegan.
‘We can also see large-scale shifts, societally, in where [and] how folks find community or a resonant ethos. As the presence of religion has declined, as people have developed less trust in government, etc – people have turned to other spaces. Brand is one of them. When a brand is done right, it has a compelling narrative and mission, it creates a feeling of “us” and purpose.’
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Our top five stories online
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Inspiration for the home, plus things to eat, drink and wear.
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If you snooze, you won't lose
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Get the most out of your eight hours with these performance sleep brands.
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Jambys sells soft and sustainable ‘inactivewear’ that's designed to keep you comfortable when you're lounging around. The boxer-style shorts (with pockets!) are highly rated. |
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Competitive sleeping – it's a thing. Sleepagotchi rewards its users by giving them an NFT for a consistent night's sleep. You can join its community of more than 31,000 members. |
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Bedsheets are crucial to an optimized snooze. SIJO offers soft and cooling linens as single products or full bed bundles. |
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If you love a pumpkin-spice latte throughout the day, wellness brand Beam also offers a pumpkin-spice drink for the evening, with ingredients like hemp and magnesium to support your shut-eye. |
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Is there a brand you love that you want to share?
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Tips and tools to become better at life and work.
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How to battle leadership loneliness
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Running a business can involve enormous personal challenges – and, for some business owners, it can feel like there are few places to turn when it gets lonely at the top. Six out of 10 business leaders who struggle with their mental health resort to unhealthy coping mechanisms. With this in mind – and after her own challenges as a business founder – Ashlie Collins founded Humane Startup to help business owners create sustainable leadership strategies that minimize isolation and anxiety. These are her tips on how to cope.
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Check in – daily. ‘For me, I give myself time in the morning and conduct a variety of mindfulness practices to give myself the space I need. I know everyone's rhythm is different and you might prefer to take time in the evening but, for me, a walking meditation or going for a run or yoga practice helps me be in the silence and connect with how I'm feeling. It means I can explore what I want to bring to the day ahead from all areas of my being, not just the business.’ |
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Create a self-support program. ‘One of the practical tools we can use to assess if we're operating in alignment is a concern map. To do this, map out your life areas (I work with a framework of 12) and rate how important each area is to you on a scale from one to 10. Then rate how much energy or action you're putting into each area. Take the first number, minus the second number and you have a concern score [for] each life area. You can use this to start shifting your focus to the areas that have the highest concern rating and need more attention from you right now. It's less about the numbers and more about the process of having some honest conversations with yourself.’ |
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Get comfortable with opening up. ‘One of the real antidotes to leadership loneliness is talking and opening up. I've been toying in particular with ideas around male leaders and the term “vulnerability” because, to me, it's synonymous with strength. I'm not asking people to feel weaker – I'm asking them to be strong. Leaders need to have the fortitude to admit that they're not OK. Then they need to have the courage to look at the ugliest parts of themselves to work through that stuff with honesty and compassion. This isn't for the weak-hearted and you can't do it by yourself.’ |
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Want more tips and tools on working effectively and living smarter?
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Other great stuff we loved this week.
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