Creating a branding strategy is probably the last thing on the mind of a solo business owner when they are juggling so many different things. BUT I promise you it can be the one thing that turns your business around from lackluster to golden.
I often have people ask what it takes to put together a branding strategy. So in today’s post I’m going to give you a 7 step formula for developing your own brand marketing plan. My plan is a living, breathing document and I can go back to it any time to find things I need when I’m preparing to promote my business through a radio show, on a sales letter, in an in-person networking event, and more.
If you take the time to complete the sections I’ll describe, you will be amazed at how much clarity you have to move forward.
Why is it a great idea to have a brand marketing plan? Because it can help you understand where you are now, how you want your brand to be seen, and what it will take to get you there.
7 Parts of an Online Brand Marketing Plan:
Executive Summary – A one page overview of the main points of your brand plan; this is something you want to be able to view at a glance when you go back to look at it over and over again, reminding yourself of the type of brand you want to portray.
Personal Brand (Mission) Statement – Here is where you outline why you are doing what you’re doing in two to three sentences; it covers who you are, what you do, who you serve,
and how you serve them.
SWOT Situational Analysis -
- Strengths & Weaknesses – This is a reality check, a snapshot of your current brand situation; where are things right now – e.g. market, current customer base, products/services line, distribution channels, competition, overall environment.
- Opportunities & Threats – competitive analysis, where you can be different, what is holding you back, what environmental advantages you can dig into to better position your brand.
Goals – What are the quantifiable things you want to achieve with your brand; include dates, times, frequency – as much detail as you can muster for the objectives you are pursuing.
Brand Marketing Strategy – Big picture of your brand marketing (probably the lengthiest piece of what you’ll write); includes information about your strategic position, target market, your ideal client, your product & services line, pricing model, distribution channels, administrative systems, current and intended online activities, visual elements.
Action Plan – Step by step activities to move forward; tactical moves you will make to accomplish #4 goals.
Budget – What you expect to bring in monthly based on activities, sales, etc., how much you will spend on business resources, net income goals for the next 12 months.
Sound like a lot? Well, it can be if you try to do it all in a day. Remember, good planning and strategy takes time. Look at it as a worthwhile investment in the future of your business brand.
It can also take the help of a great accountability partner to give you honest feedback. As a solopreneur, we are not always positioned to have a full team of resources. Tap into someone you trust to review the plan as you go – a trusted adviser, a mentor, a coach, mastermind group – find someone to partner with you in your brand success.
This is the path to brand excellence!
Sign up for Tanya’s Upcoming course offered by Workplace Coach Institute:
- Coaches know how to coach and service professionals know their trade. However, you also need to have in place the technical pieces of how to market yourself and your business services — this is where many coaches fall short. This course will educate you on the most current trends in branding and specifically on how to market in a virtual shared learning environment, using a step-by-step model to get clear on your brand.
About the Author: Tanya Smith is a Faculty Member at Workplace Coach Institute, Inc. and is the instructor for the Personal Branding for Coaches. She is a creative business strategist specializing in showing coaches, consultants and freelancers how to spend more time
making money with simple, yet profitable marketing systems.