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How to Create a Profitable Brand

brand it

I was recently interviewed for a web show where the host asked me how business owners can create a profitable brand. It’s a really good question, especially in this day and age when everyone seems to have a brand.

Before getting into that, let me give you a little background. When I started blogging in 2010, I had no idea what it meant to have a brand. I also didn’t know how blogging could be a business. The terms “brand”, “startup” and “influencer” were not all the rage like they are today. I like to blame my naivety on the times.

That being said, now that these terms are more commonplace, there is still a lot of confusion out there. Here are some of the ways to create a profitable brand based on my eight years of blogging.

Know how the money is made.

The first step in creating a profitable brand is to know thy market. This means you need to know all of the following:

  • What are your market’s concerns?
  • How do they communicate?
  • What do they think is the solution to their problems?
  • How do they consume content?
  • What is the actual solution?
  • How are they motivated?
  • Are there any emotions involved? What are they?

These are just a few of the things you need to know in order to create branding that pops. And this is just for written content. There’s also a lot to be said for colors and palettes, but I leave that up to designers.

Know where the money is going to come from.

The second step in creating a profitable brand is knowing where the profit comes from. When I started blogging, I didn’t know I could make money. It would also be years before I figured out how to make money with the following I’d built. Once I figured it out, that’s when I was able to reverse engineer the process.

This is also the strategy I teach my students in my six-week group coaching program. It goes as follows:

By first getting clear on what you’re selling, then you’re able to create a brand that moves people toward buying the product.

Be consistent.

The next step in creating a profitable brand is to be consistent. This means you need to be consistent with all of the following:

  • Your messaging
  • How often you put content out there
  • Your solutions
  • You need to walk your talk

Does this mean you need to be perfect? No. I, for one, am a lost cause with regularly maintaining my own blog lately. However, I already have a ton of content. I also am on social media every day driving traffic back to that blog.

Final Thoughts

Building a profitable brand is equal parts strategy and consistency. By combining the two, you’re able to create a message and a system that helps get you paid.

 

 

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Millennial Finance Expert and Writer
Amanda Abella is a Millennial Finance Expert that helps people understand their finances and eliminate all bad debt. She wrote a book, Make Money Your Honey. It is a powerful guide on how to have a better relationship with work and money. You can actually start building an extremely profitable business around the things you’re passionate about.

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