{"id":17509,"date":"2021-02-25T09:00:00","date_gmt":"2021-02-25T08:00:00","guid":{"rendered":"https:\/\/chartmogul.com\/blog\/?p=17509"},"modified":"2023-08-11T11:16:05","modified_gmt":"2023-08-11T09:16:05","slug":"community-building-saas","status":"publish","type":"post","link":"https:\/\/chartmogul.com\/blog\/community-building-saas\/","title":{"rendered":"How to Build a Community to Grow Your SaaS Company"},"content":{"rendered":"\n<p>Lots of SaaS companies talk about their communities.&nbsp;<\/p>\n\n\n\n<p><em>Welcome to the [company] community,<\/em> they say on Twitter, when a new customer comes on board. <em>Thanks to our community of early adopters,<\/em> they write in a blog post. But what most of these companies really have is a mailing list \u2014 people they\u2019ve largely never met who are happy enough to receive emails passively, without ever really doing much.<\/p>\n\n\n\n<p>There\u2019s nothing wrong with that, of course \u2014 the right mailing list can be the foundation of inbound growth. But an <em>actual <\/em>community of active and engaged people, in conversation not just with the company but with each other, is hard to create, harder to build and just as difficult to keep.<\/p>\n\n\n\n<p>But creating a genuine community can be orders of magnitude more valuable than other growth channels: people getting value from each other, and coming back every day because they want to, rather than being retargeted, creates a priceless brand association. You don\u2019t have to look hard to find growth success stories driven by community \u2014 Notion and Figma being two of the most prominent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-marketing-to-haystack-needles\">Marketing to haystack needles&nbsp;<\/h2>\n\n\n\n<p>At <a href=\"https:\/\/juro.com\/\">Juro<\/a>, we\u2019re building the all-in-one contract automation platform for visionary General Counsels to create, agree and manage contracts in one unified workspace. Our challenge is the same one that plenty of early-stage B2B SaaS companies confront: our ideal customer persona (ICP) is extraordinarily narrow.&nbsp;<\/p>\n\n\n\n<p>Juro is loved by lean legal teams at venture-backed tech companies between series A and D \u2014 typically marketplaces or fellow SaaS companies. Ideally, they\u2019re looking to automate <a href=\"https:\/\/blog.juro.com\/automate-non-disclosure-agreement-nda\">non-disclosure agreements<\/a> or <a href=\"https:\/\/blog.juro.com\/how-to-automate-master-services-agreement-msa\">MSAs<\/a> for commercial teams around the business. That\u2019s a pretty specific bunch of people, and one of their defining characteristics is that they\u2019re incredibly busy. Finding them, capturing their details, nurturing, and ultimately selling to them at scale requires incredible precision for a small team.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"464\" src=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-1024x464.png\" alt=\"Juro community homepage\" class=\"wp-image-17504\" srcset=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-1024x464.png 1024w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-300x136.png 300w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-500x226.png 500w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-800x362.png 800w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-1280x579.png 1280w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-1920x869.png 1920w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-1536x695.png 1536w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-2048x927.png 2048w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-720x326.png 720w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-300x136@2x.png 600w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-500x226@2x.png 1000w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-homepage-800x362@2x.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>So instead of scouring the internet to find these needles in haystacks, we decided to just build the perfect home for them and make them hang out there. If we provided an exclusive experience, crucially imitating the peer networking they\u2019d been missing during the pandemic, we knew we could put ourselves at the center of their lives and increase our stickiness as a brand.<\/p>\n\n\n\n<p>We set ourselves an aggressive deadline to launch a formalized community and got to work.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-starting-with-why\">Starting with why<\/h2>\n\n\n\n<p>Our founders are huge believers in starting with why, and I had zero chance of getting buy-in without a clear articulation of why we were doing this, a short and medium-term strategy, and some clearly defined success metrics.<\/p>\n\n\n\n<p>The first things I tackled were:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Why create a community?<\/strong> This was a fairly easy case to make \u2014 when we analyzed won deals, there was a strong correlation between sales prospects that had met our team in person, and the deal closing. Simply put, making friends was good for growth.<\/li><li><strong>Discovery<\/strong>: I spoke at length with several other community builders to work out how much of my life it would take over. As Director of Content, I also look after our owned channels and content, so I\u2019m already pushed for time.<\/li><li><strong>Competitive landscape<\/strong>: what other communities were out there for our target market? If another group already had it sewn up, I needed to weigh up the effort versus the reward.<\/li><\/ul>\n\n\n\n<p>Once I was happy that we should still go ahead, the next steps were to:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Define the community<\/strong>: what are the channels and artifacts \u2014 what actually are we building? For us, this was a Slack group, a jobs board, a weekly newsletter, an events program, and some branding. Roles for all of these were assigned.<\/li><li><strong>Define the entry criteria<\/strong>: our community needed to be exclusive and invite-only. Our ICPs don\u2019t like being bothered, but theirs is also a lonely role \u2014 we wanted to make sure members genuinely were peers and could help each other.<\/li><li><strong>Create the entry mechanism<\/strong>: to implement this, we built a Typeform that effectively qualified applicants by their role and company type. We also used it to ask a couple of open-ended questions that gave us ideas for events and content.<\/li><li><strong>Create the onboarding experience<\/strong>: applicants were sent through one of two email workflows, depending on their answers \u2014 either a polite rejection or an acceptance email with the Slack onboarding link.<\/li><\/ul>\n\n\n\n<p>I was (and remain) the ultimate arbiter of who we let in. We need a little flexibility to let in customers who don\u2019t exactly meet the ICP criteria, but who we obviously want to treat as VIPs.<\/p>\n\n\n\n<p>We also made a firm decision to ban our sales team from the community. To work, it had to be all about value \u2014 if members started getting industrious sales reps sliding into their DMs and trying to book meetings, we knew it would turn people off.<\/p>\n\n\n\n<p>All that decided, we were ready to launch. But where would we find the initial members?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recruitment\">Recruitment&nbsp;<\/h2>\n\n\n\n<p>Early-stage recruitment for a community is a bit like early-stage sales \u2014 start with the soft targets. We wrote highly personalized emails to a select group of existing customers, friends of the company, thought leaders we\u2019d featured in content, and so on. We had to manage expectations \u2014 they needed to know they\u2019d be walking into an empty Slack group \u2014 and let them know we appreciated their support while we built it up around them.<\/p>\n\n\n\n<p>To my amazement, they all said yes. 30 senior lawyers joined without blinking and started chatting about parenting during the lockdown in the Slack group. This was a great validation of our hypothesis that scaleup legal can be pretty lonely, and they were missing the endless series of law firm and vendor breakfasts they\u2019d get if there was no COVID.<\/p>\n\n\n\n<p>The next milestone was crucial, and the difference between a mailing list and a community \u2014 events. If people don\u2019t actually show up, in person (albeit virtually), at an appointed time, and talk to each other, then you don\u2019t really have a community.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"748\" src=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-1024x748.png\" alt=\"Juro community event\" class=\"wp-image-17506\" srcset=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-1024x748.png 1024w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-300x219.png 300w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-500x365.png 500w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-800x584.png 800w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-1280x935.png 1280w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-1920x1403.png 1920w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-1536x1122.png 1536w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-2048x1496.png 2048w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-720x526.png 720w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-300x219@2x.png 600w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-500x365@2x.png 1000w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-event-800x584@2x.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>Example of a Juro community event<\/figcaption><\/figure>\n\n\n\n<p>The first few events were nerve-wracking and painful for me. More than once I sat alone on Zoom at two minutes past the hour wondering if anyone would dial in. I use <a href=\"https:\/\/lu.ma\/\">Lu.ma<\/a> to create and host the events, and I was determined to run them as meetings, not webinars \u2014 so people would feel encouraged to switch on cameras and talk to each other. The downside of this was that if there were only two of us on the call, they\u2019d know.&nbsp;<\/p>\n\n\n\n<p>The way to de-risk this was to sprint from 30 to 100 members. To make this happen I canceled two days of meetings and spent all my time sending (and chasing) extremely personalized emails to perfect-fit prospects. It worked. By the end of the first month, I had 100 members, including the legal teams of UiPath, TrustPilot, Monzo, Revolut, Stripe, and various other wishlist companies I\u2019d assumed would ignore me.<\/p>\n\n\n\n<p>By now we have 200 members, and I run all our events with a headline speaker (or two) that takes the pressure off me as the host. All our events are closed-door \u2014 non-members aren\u2019t allowed, and when they try to join (having been forwarded the link by a member), then I can refuse their registration in Luma. Of course, if they meet the entry criteria, that refusal is accompanied by a personalized invitation to join the community.<\/p>\n\n\n\n<p>This is what the tech stack for running a community looks like for us:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.typeform.com\/\">Typeform<\/a>: for applications and feedback<\/li><li><a href=\"https:\/\/www.hubspot.com\/\">HubSpot<\/a>: for emails, records management, and lead scoring<\/li><li><a href=\"https:\/\/lu.ma\/\">Luma<\/a>: for frictionless Zoom events<\/li><li><a href=\"https:\/\/www.figma.com\/\">Figma<\/a>: for self-serve event banners<\/li><li><a href=\"https:\/\/www.notion.so\/\">Notion<\/a>: for the jobs board<\/li><\/ul>\n\n\n\n<p>\u2026 and of course, Slack, where it all happens.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-results\">Results<\/h2>\n\n\n\n<p>As a SaaS marketer, I took on this huge burden partly to try and increase brand loyalty but ultimately to turn contacts into MQLs, MQLs into SQLs, and SQLs into customers.&nbsp;<\/p>\n\n\n\n<p>So did it work?<\/p>\n\n\n\n<p>In the three months since we launched, three members have made the hallowed journey to the #juro-customers channel. This outperformed our expectations as the sales cycle for legal software is usually much longer. 10 more are currently in active sales conversations. Looking at the calculus of contract value versus lead volume, this more than validates community as a growth channel \u2014 and to borrow the startup cliche, we\u2019re only just getting started.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"579\" src=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-1024x579.png\" alt=\"The Slack of the Juro community\" class=\"wp-image-17505\" srcset=\"https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-1024x579.png 1024w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-300x170.png 300w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-500x283.png 500w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-800x452.png 800w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-1280x724.png 1280w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-1920x1086.png 1920w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-1536x869.png 1536w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-2048x1158.png 2048w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-720x407.png 720w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-300x170@2x.png 600w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-500x283@2x.png 1000w, https:\/\/chartmogul.com\/blog\/wp-content\/uploads\/2021\/02\/Juro-community-Slack-800x452@2x.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>Beyond revenue \u2014 if we allow ourselves to consider such a thing, for a moment \u2014 there were significant benefits I hadn\u2019t anticipated. I\u2019m of the firm belief that there\u2019s almost nothing more valuable for anyone in a startup to do than talk to customers, but what\u2019s been great about the community is the extent to which I get to talk to ideal customers, without the pressure of a commercial conversation about <a href=\"https:\/\/blog.juro.com\/what-is-contract-management-software\/\">contract management<\/a> looming in the background. If people want to talk to sales they can ask \u2014 and they do \u2014 but most of the time they\u2019re chatting about their lives, their jobs, their pain points, and their priorities for the year ahead. Pure gold.&nbsp;<\/p>\n\n\n\n<p>It\u2019s also rewarding to see them help each other out \u2014 sharing a contract template, or recommending a patents lawyer in France, or some compliance software to try. The real proof point of a successful community is that members get value even if you get out of the way.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-lessons-learned\">Lessons learned<\/h2>\n\n\n\n<p>The main lesson I learned is that we should have done this a year ago. Juro already had an informal community of customers, prospects, and the thought leaders we feature in our content. We\u2019d never made time to build a place just for them, but in hindsight, it was an obvious way to cash in all the goodwill we\u2019d built through the brand.<\/p>\n\n\n\n<p>We\u2019re now on a sprint to get to 500 members, which is a huge time investment \u2014 but we can be confident enough in the early results that it\u2019ll be well worth it, for both sides. In the words of my CEO, Richard, <em>if you\u2019re selling something radical, you need to find believers in the product \u2014 visionaries who are prepared to change the way they work. Traditional inbound marketing methods rarely work in finding these people \u2014 or at least not quickly. By building a community of like-minded lawyers, we are building a group of evangelists for our vision and product<\/em>. What could be a better use of my time?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Building and running a private community for your market is time-consuming \u2014 but can lead to huge rewards. How can you drive growth with a community?<\/p>\n","protected":false},"author":66,"featured_media":17515,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[1983,82,153],"class_list":["post-17509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gtm","tag-community","tag-growth","tag-marketing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Build a Community to Grow Your SaaS Company | ChartMogul<\/title>\n<meta name=\"description\" content=\"Building a private community for your market is time-consuming but can lead to huge rewards. 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