Why you need a business plan and how to write an effective business plan for your blogging business?
For every business and to make it successful there should be an effective plan according to which business runs. First of all tell me, do you take your blogging as a business. If yes, Do you ever think that your blogging business should also require a plan. Then why don’t you have one for your business. Your blogging business should also have an effective plan so that you can work accordingly.
85% of blog business running today doesn’t have plan or it can be said that it is running without any business plan and I am also sure that you are also not having your business plan that’s why you are reading this article.
Making a business plan for your blog is not as much required but if you want to treat your blogs as a business then you should also have a business plan.
Why we need a blogging business plan?
Plan helps you to maintain focus
Yes the plan which you are going to make for your business will keep you maintain focus on your upcoming steps. Actually when you start your blogging business and after getting some success you become very confident about that and forget your all the initial purpose for a starting a blog. As a great personality has said that “Success is a continuous achievements of goals not achieving one goal is a real success”
The business plan will make you focused upon your upcoming steps. If you have prepared a plan for your business then you will know, what to do next. If you know what to do next, then you are going in the right direction.
It provides strategy to your blogs for short term as well as long term
Well, you have started a blog and you really want to start your income from your blog. Yeah, your strategy discussed in your plan will make you focused for the short term as to start income. It will also lead you the path for the extra ordinary profits in the upcoming future. Therefore you should start your planning from today itself.
Your plan will attract your interested investors
Let’s take a situation that your blog have become famous and you are approached by some investors who is interested in your growing popularity of your blog. Your business plan is one of the best ways that you are going to explain to your investors that will lead them to understand that you have understanding about your business and have also future strategy. So that he or she can invest in your business.
And in business getting someone’s investment without a plan will be like getting mango from cactus plant. Yes in other words you can’t have it.
Now from above discussion definitely you will come to know that how important is your plan for your blogging business. Now let’s see how to write a powerful business plan that will lead you to success.
The management summary
The management summary or executive summary is a short document or a section of document that produces for your blog business purpose that consists of a whole summary of your business that leads to your reader having acquainted with a large body of material without having read it on.
Section on company startup
In your business plan this section you should state the concepts that lead you to the blog creation also how you have got idea for your blogs. In this section you will have to explain in detail of your idea. The market analysis and research which you have performed for selecting your blogging niche. The audience which you are going to Target
Objective of your blogs
In this section to you should write about your goals and what do you want from your blogging business. What’s your mission? Where you want to reach with your business? What is your blog’s growth strategy? All the related answers should be there in your objective section.
This section is all about you and your partner if anybody is there as your partner that will define the whole management team. This type of introduction of ownership status and the faces behind the blogs. In this section you should include all the information about the background of the lead members of your blog management team also you should include your experience in particular area your achievements your strength etc.
Monetization strategy for your blogs
This section will comprise of monetization strategy such as how you monetize your blogs with affiliate programs, advertisement or product sales or services. All the objects related to your income you should write it here only.
The market potential
This is the section in which you will have to explain your market potential that will comprise of the result of your research how are you going to reach to the targeted audience with your selected niche. Your niche is local or global? How much percentage of total search you are getting in your blogs. Your audience is increasing or decreasing.
Marketing plan for your business
This section of your plan should be about how you will reach to your targeted audience with your blog. How to attract your audience? Where to advertise your blogs? How to increase social media interaction? What will be the marketing action that will yield more audience for you? What will be the tools you will require for marketing? Search Engine Optimization etc.
It should also comprise with the competitors of your niche. How are they getting traffic to their niche? How many number of audience they are getting? How they have managed to get all this market value? Your marketing plan should comprise of answers of all the above questions.
Finance management plan
In this section of your plan you will have to come up with all the plan of your expenditure for your blogs and also how you are going to manage your income from your blogging business? How much you have expected to earn from your blogs in that particular period of time? What will be your future plan for expenditure on the development of your business? All this things you should have in your finance management section.
From above all discussion I believe that the above plan outline will give you guidance for your best business plan and I will say that business plan will make a tremendous impact on your future of your blogs business.
Thanks a lot…