First, I need to stand up and applaud you.
Because you understand that blogging is a business and with any
Seriously, that’s a major step and already puts you ahead of 99% of the people that dive head first into this journey.
With that being said, I don’t think you need to do a super official formal business plan crazy when it comes to your blog.
If we are being honest, I’ve never created a business plan in my life but that doesn’t mean I’ve never planned my businesses.
Understanding the direction that you want to go in is an extremely wise thing to do and in this post, I want to show you the things you need to consider when coming up with your blogging business plan.
A Blogging Business Plan
Once you go through some of the aspects of blogging you’ll realize that your business plan doesn’t have to be intricate and although the title of this post is Blogging Business Plan it’s important to remember that this is really an Online Business, not a blog.
If you keep that in mind then you’ll be safe.
So first things first.
What type of blog are you going to create?
3 Types of Blog Businesses
There are different blog businesses?
Think of them as blogging frameworks if you will.
Blog Revenue Engine
The first one is what I refer to as a Blog Revenue Engine and it’s probably the most popular version of a blog business that people think of.
A Blog Revenue Engine is built on how much traffic can you get so that your ad revenue increases.
You spend most of your time writing new content and promoting the hell out of it so you can increase your pageviews.
Makes sense, right?
It’s very old school.
Authority Revenue Engine
The second type of blog framework is what you normally see niche Amazon affiliate marketers do and that’s an Authority Revenue Engine.
An Authority Revenue Engine does a great job of focusing on a specific topic.
This is different from a Blog Revenue Engine because with a Blog Revenue Engine it’s in your best interests to pick large and broad topics. In fact, most BREs cover a number of different topics.
You’ll see people refer to these as Lifestyle blogs.
An Authority Revenue Engine however focuses on a more specific topic so that it has a better chance of ranking in Google and generating affiliate marketing revenue.
You can still try to generate ad revenue but the pageviews are generally lower so the ad revenue isn’t as impressive.
If you’re wondering if these two models can be combined then the easy answer is yes. I suggest focusing on one or the other and nailing things down before looking at the other model.
Which one should you go for first?
I like to use the Blog Revenue Engine framework for first-timers because it’s a great way to ease yourself into the world of online business.
If you’re interested in learning more about Blog Revenue Engines then be sure to check out my course.
One that can take you to 5-figures a month and beyond.
I call this the Brand Business
The Brand Business
A Brand Business is one that you build that ends up with a Tribe of loyal customers.
A Brand Business isn’t reliant on traffic or worries if the ad money is drying up.
A Brand Business is one that everybody talks about when something specific comes up.
Brand Businesses are not easy to build but they are the best type of businesses to build because they last.
Blog Simple Framework is a Brand Business. Whenever people talk about blogging or are looking for help with their blog, I want them to turn here.
I’m not concerned with getting a ton of traffic to this site so that I can slap ads on it (I never will).
I’m focused on getting the right people here so that I can deliver them the right message and provide them with the right kind of value.
Not everyone is cut out to create this type of business.
I don’t mean that as an insult. The reason I said that I think a BRE is a great first business is because you can see the path to success more clearly and usually you get the results that you want quicker.
That is great for confidence.
That is great for showing your peers.
Once you have that established then you can move onto building a Brand Business.
Dare to Conquer is built around the concept of building a brand business that generates over $100,000 a year.
Alright, now that you know the 3 types of blog businesses that you can build it’s time to formulate a plan.
A Blog Business Plan
I hate to break it to you but I’m not going to give you a fancy worksheet to work through because that is only going to tie you down.
I want you to be flexible when it comes to your new blogging business.
And if I gave you a worksheet what happens if you get stuck somewhere?
Do you move on?
Do you stare at a blank box for months?
You don’t have time for that.
You want to keep
So before you move forward with anything, you’re going to need an idea.
1. The Idea/Niche/Industry/Topic
People call this a lot of different things but since it’s a business I’m going to call it an idea.
What is your business idea?
That sounds a lot different than what niche are you going to blog in doesn’t it?
When it comes to business ideas there is another question that you can ask.
Who are you trying to serve?
I tell all of my students that there is one purpose for your business (besides making money) and that is to serve your audience in the best way possible.
If you can do that then you’re on to something amazing.
When you think of your blog in this way it kind of changes things.
The reason why people that start lifestyle blogs get caught in this limbo of “what should I do?” is because they don’t understand the audience that they are trying to serve.
When you write about everything can you really serve everybody in the best way possible?
It’s why you usually see them resort to selling blog courses and pimping out web host affiliate links because then they do have an audience they can serve.
Those who also want to start lifestyle blogs because it looks like that’s how they make money.
Now, there is nothing wrong with starting a blog that covers a million different topics and slapping the “Lifestyle” label on it. You can make decent ad revenue with that type of blog but you also tie yourself to that revenue model because you aren’t quite sure who you are serving.
If you want to give your blog the most flexibility with regards to revenue models then it’s best to understand that audience that you’re going to serve.
That way you know the exact content to write, which affiliate products to promote, and possibly which products to create yourself down the road.
With all of that in mind the big question can be how narrow do you make your audience?
Is your blog about dogs or is it more specifically about German Shepherds?
Is your blog about crafts or is it about crocheting?
Don’t fret about this stuff because I’m going to help you out right now.
The general rule is that the more specific your audience, the easier it is to build a tribe. However, remember the 3 different blog businesses above?
They have different requirements.
If you’re building a Blog Revenue Engine then it makes perfect sense to go broad because you’re solely relying on generating a ton of page views for your ad revenue.
However, with an Authority Revenue Engine or a Brand Business, you’re more focused on getting the right audience because your content and revenue streams are built for that.
So what do you do?
My suggestion is that no matter what business model you decide to go with, you start with a single topic that has a specific audience.
That means if you decide to start a travel blog, which is a broad topic, you narrow it down to maybe frugal traveling.
Here’s the twist.
You can expand your audience in the future. I’m not saying if you want to write about all travel things that you only stick with frugal traveling.
I’m saying build up a reservoir of content around frugal traveling and then expand.
Why do you want to do this?
Because it gives you an opportunity to link all of your content together in a relevant way. It also shows Google and Pinterest the topic that your site is focused on.
No worries, Pinterest and Google won’t lock you into frugal travel if you expand to cruises, road trips, etc.
It also helps you focus on an audience so if you wish to build a mailing list it’s easier to come up with an opt-in. If you want to go wild and make a product then you don’t have to worry about half of your list caring about something else.
Picking the Idea
There are some basic rules to follow depending on which business model you wish to pursue.
- If you want to create a BRE then you should look for broad and popular niches. You also want niches that do well on Pinterest since that will be your traffic generator in the early stages and allows you to ramp up traffic quickly (if you’re doing it right).
- If you want to create an ARE then you’re looking for niches that are more specific and can fill the gaps that the big sites leave. It’s also helpful if there are good affiliate products that you can sell.
- If you want a Brand Business then there are a TON of different factors that go into play when trying to choose an idea and unfortunately I don’t have the space to cover all of this since it’s a whole course. If you’re curious check out Dare to Conquer.
Now that you have the idea, what comes next?
Well, you can’t have a business without marketing so it’s time to jump into that.
2. The Content Plan
You probably got nervous when I mentioned “marketing” didn’t you?
It doesn’t matter which business you decide to pursue, content is going to be one of the, if not only,
Because creating content is free with the exception of having to spend time on it.
Creating content and giving it away for free also does something else that is pretty valuable and that is help to build your authority.
When you have content you have something to attract your audience. If your audience likes your content and see value in it, then they will look at you as a trusted source on whatever topic you’re talking about.
When that happens it opens the doors for many more opportunities.
- More pageviews since people want to explore your site
- Easier to make affiliate sales because people trust you
- Easier to get them to sign up for your mailing list where you can sell your own products
Creating content might be the most important aspect of building your blog business.
It can also be the most frustrating, but you’ll be fine as long as you’re picking the right content to create.
A general rule of thumb that applies to any type of blog business is to
Most people just write the content that they want and then act confused when nobody else cares about it.
If you follow the rule above you’ll be fine.
You have an idea. You have the content. Now what?
3. The Promotion
Your business needs money to survive.
To get money you need an audience.
To get an audience you need to promote your content.
That means you need to figure out how you’re going to promote your content.
This can be a major hiccup for people for number of reasons:
- They waste time promoting content in places with little to no return
- They don’t spend enough time promoting in the places they should
- Their promotion isn’t doing a good job of promoting value
Instagram is awesome.
I love Instagram.
However, Instagram isn’t going to give you that immediate return on traffic like you want.
I think Instagram is great for brand building but it’s absolutely terrible for traffic building.
Same goes for Twitter and Facebook.
It’s why most of my promotion (depending on niche) starts with Pinterest.
Pinterest provides the fastest return when it comes to building traffic.
Again, totally dependent on niche so don’t blame me when your niche Siberian book club site isn’t going anywhere.
You’ll also want to understand the basics of SEO from the beginning so you don’t have to go back and scramble to fix things.
Do you need to master SEO at the beginning?
Not at all. That can be pretty overwhelming.
However, if you can get the barebones down, then you’ll set yourself up well in the future.
For any new site it’s going to take a couple of months before Google even considers adding your site to its index. Google needs time to trust you.
Pinterest just wants to show people your pins.
Alright, everything is looking good so far.
- Idea? Check.
- Content? Check.
- Promotion? Check.
Just one final thing.
4. The Revenue Model
If I wasn’t summing up a business model in a blog post then I would probably put this one right up after the Idea phase because there is nothing worse than spending months working on something and then wondering how are you going to make money with it.
A big downfall for a lot of bloggers is that they always default to think they’ll rely on ads to make money with their blog.
While ads can bring in a couple thousand dollars a month that only happens when you are doing over 100,000 pageviews a month.
If you’re creating content around a topic that isn’t that popular that is going to be hard to do.
And let me tell you, nothing is more discouraging than busting your ass creating content only to pull in $47 a month.
Don’t give me that shit about “hey at least it’s some money” because I’d rather get $0 and know I’m screwing up than get $47 and think there is still potential.
With a blog you have a number of different revenue streams at your disposal but that doesn’t mean you can use all of them.
- affiliate marketing
- membership site
And there are plenty more. I don’t have ads on this site because I want people focused on the content and my courses.
I don’t offer services because I don’t have time in my day to fulfill them.
When it comes to a revenue stream you have to think if it works for your audience and if it will work for you.
Just because it is a way to make money doesn’t mean it should be the thing you automatically go to.
Your Blog, Your Rules
At the end of the day, this is your blog so you make the rules. What I’ve provided you above are just the basic guidelines that I follow when creating a new business.
There are a lot more details to dive into.
If you’re interested in learning more about blogging then I suggest going through the FREE Blog Simple Guide.