Lessons from building 8+ communities - hear it from an investor
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Description
Scott Amenta might be the most experienced person you'll ever met when it comes to building community businesses. He's simultaneously running multiple 7-8 figure community businesses through Sylva, and building software to help community founders scale. Listen to this episode to understand: • How he identifies healthy community businesses as an investor • Why Slack is still his preferred platform (despite its flaws) • Why data enrichment is crucial for personalization Resources: • Curated Connections, the app Scott uses to automate connections - https://curatedconnections.io/ • Scott's new product Miitra - https://www.joinmiitra.com/ • Chief of Staff Network - https://www.chiefofstaff.network/ • Scott's LinkedIn - https://www.linkedin.com/in/scott-amenta/ • Nityesh's LinkedIn - https://www.linkedin.com/in/nityeshaga/ • Beginner Maps crash course on community building - https://beginnermaps.com/ Chapters: 0:00 Intro 02:13 Understanding Healthy Community Businesses 03:28 Engagement Metrics in Community Businesses 05:15 Total Addressable Market and Growth Opportunities 08:51 Scott's Journey with Chief of Staff Network 11:00 Challenges and Opportunities in Community Building 11:48 Sylva's Role in Supporting Communities 12:34 Community business buying checklist 15:42 Revenue Streams in Community Businesses 17:05 Good communities vs bad ones 23:41 Not happening on LinkedIn 24:58 Pricing Strategies for Community Businesses 27:18 Growing a community business 30:54 Tools and Technology for Community Management 35:10 Why Slack? 37:43 Other tools 42:39 Conclusion and Final Thoughts
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