Community Management

Community Management Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Fostering community isn't just a feel-good endeavor; it's a business opportunity with significant potential. Community management involves creating, growing, and maintaining an engaging environment for like-minded individuals, primarily online.

In essence, a community manager builds relationships, moderates discussions, and keeps the group aligned with its purpose. This means fostering meaningful connections, facilitating events, and ensuring a safe space for all members.

If you have strong interpersonal skills and enjoy navigating digital platforms, this might be the perfect fit for you. Community management allows you to play a pivotal role in shaping an organization's culture and engagement strategies.

By helping businesses cultivate loyal networks, you can create a thriving business that is both personally rewarding and impactful on a broader scale.

In this list, you'll find real-world Community management success stories and very profitable examples of starting a Community management that makes money.

1. Digital Procurement World (DPW) ($1.95M/year)

Matthias Gutzmann, the CEO and Founder of DPW, came up with the idea for his business when he realized that existing procurement conferences were expensive, lacked diversity, and failed to attract startups and investors. He left his job in New York, moved back to Germany, and invested his personal savings to launch DPW. Leveraging his extensive network and applying social selling techniques, Matthias successfully created a buzz and attracted sponsors, delegates, and startups to his conference, leading to exponential growth and €1.8M in revenue in 2022.

How much money it makes: $1.95M/year
How much did it cost to start: $10.8K
How many people on the team: 6

How I Leveraged My LinkedIn Network To Create A $1.8M/Year Procurement Conference

DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.

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