blogging business plan template

Online Business | How To

How to Create a Blog Business Plan (Includes Step-by-Step Template)

Published April 20, 2020

Published Apr 20, 2020

WRITTEN BY: Janette Novak

This article is part of a larger series on How to Make Money Blogging .

The most successful bloggers on the planet have one thing in common: they understand the power of a well-conceived business plan for driving blog profits. At its essence, your blog business plan is a road map that defines why your blog exists, clarifies your top goals, and provides a step-by-step outline of how you plan to accomplish those goals. Your plan guides you through the most crucial steps on your business-building journey.

If you think creating a business plan is going to be difficult and confusing, put those fears aside. I’m a blogger myself and have been working with bloggers for nearly a decade, and you’re about to learn my shortcuts and tips that will make the task far easier than you imagine.

10 Essential Sections of a Blog Business Plan

1. Executive Summary 2. Market & Competitor Analysis 3. Brand Identity Overview 4. Blog Content Overview 5. Blog Monetization Plan 6. Blog Marketing & Promotion 7. Blog Management & Operation 8. Cost & Revenues Forecast 9. Blog Performance Analysis 10. Business Exit Strategy

To get a jump-start on your business planning, download this free blog business plan template. It walks you through everything you need to include in your plan. The template is fully customizable so you can adapt it to meet your unique needs.

Free Blog Business Plan Template

Download Now

10 Essential Sections in a Blog Business Plan

While there are 10 major sections in your business plan, each section of your plan is not necessarily self-contained. This means you can’t expect to finish step one and then move on to step two and proceed to each next area—you may go back and forth between sections when creating your plan. This holds especially true for the Executive Summary, which includes summarized content found in other sections of the plan.

1. Create an Executive Summary

The Executive Summary is widely considered the most important section in a business plan. This one section boils down your business plan to the essentials of how you intend to create and operate a profitable business. As a blogger, the main reason to create an Executive Summary is so that you are clear and remain focused on what you want to accomplish.

Your Executive Summary should list your blog’s name, a brief blog description, as well as summarized information about your blog’s target market and ideal audience. You will also want to include your blog’s mission statement and top business goals in this section of your plan.

Enter Your Blog’s Name on Your Plan

Your blog’s name may or may not be the same as your business name. For example, the popular lifestyle and personal finance blog Living Well Spending Less® is owned by Ruth Soukup Omnmedia. Soukup has several businesses and brands and gathers them all under one company name. If your blog’s name and your business name are not identical, that should be noted in this section of your plan.

Deciding on your blog’s name somewhat mirrors the steps you take to come up with a business name. Here are a few things to keep in mind when creating your blog name:

• Look for names that aren’t already taken
• Decide the tone you want your name to convey such as serious, playful, formal, or informal
• Select a name that is easy to remember and spell
• When possible, use a blog name that you can also use as your domain name

Here are some simple name-generating tactics that might inspire you:

• Incorporate the blog audience in your blog name.
• Find naming inspiration from characters in books or mythology
• Incorporate a location name into your blog’s name, if appropriate.
• Consider using a portmanteau, which is just two names modified and smushed to become one name (e.g., breakfast + lunch = brunch).

You may find that naming your blog presents a little more challenge than you anticipated. Let’s face it, with more than 31 active million bloggers in the world, a lot of terrific names are already taken. Finding the perfect blog name and domain will take time and creativity on your part, but the tips listed above will make the process easier.

Write a Blog Overview

An overview is a 40,000 foot fly-over description of what your blog is about and why it exists. Write this from the perspective of a business owner who intends to monetize a blog.

If you’re starting a blog as a hobby or passion project, you don’t need a business plan because your goal is not to make money. Your secondary reasons for starting a blog might be because you’re passionate about the blog’s subject, but your ultimate goal is to turn a profit. I really can’t overemphasize the need to view your blog as a business.

Try to keep this section of your blog plan to 250 to 500 words. Remember, it’s a summary, not a dissertation. The primary advantage of creating a relatively brief blog description is so you can refer to it as you build your blogging businesses. When you stay focused on why your blog exists, and make decisions based on that why, you’ll avoid many bumps in the road that throw less business-focused bloggers off course.

Add a Short Description of Your Target Market & Ideal Audience

While it’s wise to include an overview of your target market and audience in your Executive Summary, it’s not something you can do before conducting in-depth research. This is what I meant by creating a business plan is not a straight step-by-step path; sometimes you have to skip a few steps and then come back to complete those you skipped.

When creating section two of your blog business plan-—the Market & Competitor Analysis section-—you’ll conduct in-depth research and provide considerably more detail about your target market and audience. That detailed information will help you create the abbreviated content you add to this section of your Executive Summary.

Write Your Mission Statement

A mission statement is a short declaration of what you do and who you do it for, as well as how your blog is unique. The purpose of a mission statement is to keep all those who work on your blog focused on your business goals and ideals.

When writing your mission statement, be sure to answer these questions:

• Who does the blog serve?
• What will the blog do for them; i.e., what’s its purpose?
• How will the blog accomplish this? (This is where being unique will set you apart from competitors. )

A strong mission statement is clear and compelling. The best mission statements are simple, jargon-free, and straightforward. Moreover, they’re inspiring. Your mission statement should both inspire you, those who work on your blog with you.

Blog Mission Statement Template

Our mission at [blog name]____________________________________ is [what you do]_____________________________________________ for [who you do it for] ________________________________________ that [what you accomplish] ____________________________________

Example of a Mission Statement for a Fictional Travel Blog

Our mission at Travel Morocco Now is to provide incredible experiences for travel enthusiasts worldwide that offer an authentic glimpse at all this exotic land offers.

List Top Goals that Are Key to Your Blog’s Success

Once again, you may need to refer to other sections in the plan before entering this information on your Executive Summary. For example, you may want to set goals around the types of monetization strategies you plan to pursue (which is discussed in-depth in your Blog Monetization Plan ) or set goals for your promotional investments (which you outline in the Blog Marketing & Promotion section).

Include around four to seven goals in your top goals list. If you’re not certain how to set business goals, check out this list of 10 SMART goal examples . Goals can include anything from selling 1,000 e-books in the first six months at $19 each to achieving 30,000 average monthly page views so you can join a high-paying advertising network like MediaVine .

2. Market & Competitor Analysis

Many bloggers do at least some niche market research before deciding to start a blog business. If you’re already done that, congratulations—you’re ahead of the curve. If you haven’t started yet, don’t worry, as you can still commence your in-depth study of your blog’s niche market as well as the top competitors in your blog’s area of expertise.

Write Your Niche Market Analysis

When starting a blog with the aim of making money, it’s best to focus on a niche rather than a broad market. Frankly, it’s simply too hard for a solo blogger to gain traction for a blog that tries to cover too many subjects (the exception being lifestyle blogs, that typically cover more areas but from one person’s point of view).

You can always broaden or narrow your blog’s focus once it’s been up and running for a while. Before you do that though, it’s best to look at blog performance data to see if a change in content scope is appropriate.

To create this section of your plan, you’ll need to conduct thorough market research. Once you have a good handle on your niche, it’s time to summarize your findings in the Market Analysis section of your blog business plan.

Here are key questions to address on your plan:

• What topics are potential customers searching for on Google?
• How big is the market and is there any evidence it’s growing or shrinking?
• Who is your ideal customer and what are they like?
• Are there any uncontrollable market factors that could threaten or increase your odds for success?

Your business plan isn’t a static document. Market conditions and demand change over time, hence you’ll need to revisit your blogging plan periodically to make sure you stay up with an ever-changing environment. This is especially true when it comes to your blog’s market and competitor analyses.

You might want to consider using a competitor analysis mapping tool like edraw by Wondershare to evaluate competitors in your niche. Source: edrawsoft.com

Develop a Thorough Competitor Analysis

Getting a good handle on who your blog competitors are is absolutely critical to your success—like “you won’t stand a chance of success if you don’t get this right” critical. A thorough competitor analysis is likely to reveal many opportunities you wouldn’t find elsewhere.

Here are crucial questions to address in this section of your plan:

• Who are my blog’s primary competitors?
• How are those competitors making money with their blogs?
• What topics are my competitors covering on their blogs?
• What are they doing well?
• What are they not doing so well?
• What are the “holes” in their strategies (in other words, opportunities to solve problems competitors aren’t addressing)?
• How big is their follow base on various social media channels?
• How much traffic does each competitor get? (Tip: use Alexa to get this information.)

When visiting competitors’ blogs, make sure you spend some time taking in the full experience. Pay attention to site design, overall vibe, use of visuals and videos, and other site features that make a favorable—as well as unfavorable—impression on you. Sometimes it’s those subtle details that add up to make a blog stand apart from the crowd.

3. Brand Identity Overview

The amount of detail you include in this section of your blog business plan will vary based on where you are in your blog development process. If you’re still in the conceptualization stage of your blog, you may not have your entire brand identity worked out yet.

At a minimum, include the following information in your Brand Identity Overview:

• A description of your brand’s personality—for example serious, casual, warm, or cutting-edge.
• What you want people to think of when they describe your blog’s brand.
• How you’ll reflect your blog’s core values and mission in your brand identity.

If possible, also include:

• Your logo and all brand marks
• Specific typography used in your brand
• Brand colors
• Brand taglines
• Iconography and other key graphics

Remember, your plan is not something you create and forget. If you don’t have all your brand identity components available to post in your plan now, go back and add them later.

Example of a brand identity board from Storenvy.com Source: storenvy.com

4. Blog Content Overview

Your blog needs an overall business plan, but it also needs a blog content strategy plan. In the Blog Content Overview, you’ll add a summary of your content strategy, discussing not only the types of content that will be created, but also how you intend to keep that quality high.

Here are the basics to add to your Blog Content Overview:

• Core blog categories: List the main topic categories that will be covered on your blog. For new blogs, three to five categories is recommended. You may also want to include the first 10 blog posts that you’ll create under each of these categories.
• Types of blog formats planned: Most blogs use a variety of blog formats, including how-to posts, interviews, reviews, case studies, guides, opinion posts, and behind-the-scenes posts.
• How you’ll create 10X content : You want to wow your reader so here’s your chance to explain how you’ll develop content that’s ten-times better than anything else available.
• How you plan to establish your expertise, authority, and trust (EAT) : Your blog posts will only appear in Google’s top search results if Google feels it meets its quality expectations.
• Posting frequency: Create a plan for how frequently you’ll post based on available time and resources.

Two of the biggest mistakes new bloggers make are to create content inconsistently and develop blog posts that are irrelevant to the blog audience. Consistency helps you build your following while developing your brand’s authority. Creating content focused exclusively on the needs of your niche provides a trustworthy experience for your audience as well as shows Google that you have deep expertise in your niche.

5. Blog Monetization Plan

If you want to turn your blog into a profitable business, you need a sound plan for making money. There are many ways to monetize a blog, though some produce better results than others.

Affiliate marketing and selling digital products and services top the list of best ways to make money blogging. You can get started with affiliate marketing from day one on your blog.

Digital products, such as e-books and online courses, may take longer to create, but the upside is that you get to keep all the profits. Seven-figure bloggers , including Michelle Schroeder-Gardner, Pat Flynn, and Brian Clark, all made the bulk of their fortunes through self-produced products and courses.

Other monetization techniques include:

• Selling ads directly or joining ad networks
• Sponsored posts
• Private memberships
• Events and Retreats
• Exclusive forums
• Physical products
• Digital downloads (e.g., checklists,templates, and planners)
• Offering coaching, consulting, or freelancing services

Some monetization strategies just aren’t practical for new blogs. For example, you won’t make any money through advertising when your blog has very little traffic coming to it. That’s why many bloggers list two different  monetization strategies on their business plan. The first is a startup monetization plan. The second is a “next-step” monetization plan, which commences when blog traffic picks up.

In the Blog Monetization section of your plan, be sure to include specific tactics you plan to pursue. Set goals regarding when you’ll start each tactic as well as how much money you hope to generate from each method.

According to a study by Growth badger, the top tactic high-earning bloggers use to make money is affiliate marketing. Source: growthbadger.com

6. Blog Marketing & Promotion Strategies

You can create the best blog on the planet, but your results will be abysmal if no one knows you exist. Developing an effective blog marketing and promotion strategy is yet another key to your ultimate success.

While there are many ways to promote your blog, you want to focus on those that make the biggest difference, which include a strong launch strategy, social media marketing, search engine optimization, and email marketing. If your budget allows, you may also want to consider paid advertising.

Launch Strategy

What’s your plan for getting the word out about your blog when it’s brand-new? It’s wise to create a blog launch strategy much like you would develop a product launch strategy .

Types of marketing and promotional activities to pursue in the launch phase of your blog include:

• Tell your network about your new blog and ask them to share it with their networks
• Appear as a guest on popular podcasts
• Guest blog on other blogs (where you’ll get exposure for your blog)
• Create highly targeted, paid social media channels ads or Google ads
• Reach out to influencers in your niche

The toughest phase of any new blog is the launch period. You may find that it’s difficult to get traction at first, but be persistent in your efforts to get the word out about your blog; that persistence will be rewarded.

Social Media Marketing Strategy

Successful bloggers understand the power of using social media for driving both blog traffic and blog profits. The trick is to identify the best social media channels for your blog—that means developing your presence where your ideal audience can be found. Your social media marketing strategy summary should identify which social channels you plan to use, how you plan to use them, and what your top goals are for those efforts.

The lure of social media is enticing. I must warn you, though, that the hip-and-happening world of social media has a dark side where you could find yourself drained of time and money with little to nothing to show for your investments.

Posting pretty pictures and clever sayings alone won’t build your blog business. You need to develop a smart social media marketing strategy. Done right, a solid social plan can catapult your business to success. Done wrong, you could end up on the dark side that I just described.

My top success tip here is don’t try to be in all social channels all at once. Pick one or two social channels and focus on those until you have the time and resources to expand while still being effective.

View Template

Search Engine Optimization (SEO)Strategy

If you want to rank higher on Google —and trust me, you do, as that’s a key source of traffic for most bloggers—then you need to have a firm understanding of SEO and how to apply it to your blog. If you don’t have a solid grasp on SEO yet, start by reviewing SEO for Bloggers. Once you more fully understand SEO, you’ll be ready to develop an overview of your SEO strategy.

When summarizing your SEO goals on your business plan, be sure to include goals for both on-page and off-page SEO. On-page SEO includes using relevant keywords and providing valuable content for your readers. Off-page SEO includes other factors that impact page rank, the most important of which is getting highly credible sites to link to your blog.

According to SEO solutions giant ahrefs, 90.63% of pages published on the internet receive no organic traffic from Google. Source: ahrefs.com

Email Marketing Strategy

If you’re serious about your blog business—and if you’ve read this far, I know you are—then you’ll want to get serious about building relationships with your blog audience. You can’t depend on them to come back to your blog again and again, much less make a purchase from you, without a little prompting on your part. That’s why every money-making blog needs a sound email marketing strategy.

When listing your email marketing plan summary on your business plan, include the following:

• Your email marketing service provider
• Planned email name capture campaigns
• Emailing frequency plan
• Email capture goals by volume and conversion rates

Some bloggers fail to capture emails on their blogs and this can be a disastrous mistake. You need to know who your audience is and have an avenue for reaching out to them. Social media is not enough—you need an email marketing plan.

Email Marketing is a powerful way to boost blog results. Source: pioneermarketers.biz

Paid Advertising Strategy

Not all bloggers use paid advertising, though many top bloggers include paid advertising in their promotions mix. Successful bloggers are particularly drawn to paid ads on social media channels, but deploy those ads strategically.

When first starting out, you may want to purchase paid ads to attract traffic to your blog. The best use of paid ads over time, though, is to use them to generate leads for items you plan to sell, including e-books, online courses, and coaching or consulting services.

If you plan to use paid advertising in your business, be sure to include a summary of your strategy and goals—plus costs and sales forecasts from those ads—in your business plan.

Average Cost of Social Media Advertising by Platform

7. blog management & operations.

The Blog Management & Operations section of your business plan outlines how different tasks will be managed and executed. Here is where you describe who’s responsible for which tasks. You’ll also list key resources you plan to use in managing and operating your business.

When creating your summary for this section, make sure you address the following:

• Blog platform: State the blog platform you plan to use, hosting provider, and any other key tools and resources you’ll use to build your blog.
• Technical and design plan: If you’re working with an outside developer or designer, include a summary of your arrangement in your plan.
• Blog content planning and creation: Decide who’s going to develop content, how it will be proofed, and how new content will be added to your website. You’ll likely do the lion’s share of this work, but list your freelance or outsourcing plan if relevant.
• Accounting plan: All businesses need a way to track expenses and revenues. Describe how you’ll conduct these activities, listing software and any other external resources or professionals you plan to employ.

The purpose of the Blog Management and Operations section of your business plan is to make you think not only about what you plan to do with your blog, but also how you plan to manage the day-to-day operation of your business. This will help you avoid missed steps that bloggers who don’t plan ahead wrestle with on an ongoing basis.

One way you can make managing your blog easier is to choose the right blogging tools. To arm yourself with the resources and capabilities you need, choose from these best blogging tools .

8. Blog Costs & Revenues Forecast

Blogs can be built on a shoestring or an opulent budget, but one thing holds true in either case: if you don’t know what you’re spending, you won’t know whether you’re turning a profit. In this section of your blog plan, you’ll outline anticipated costs as well as forecast revenues.

Frankly, it’s a lot easier to come up with an accurate costs forecast than revenues forecasts. Still, you need a starting reference point so that’s why it’s important to include a basic outline of both projected costs and revenues on your initial business plan. You’ll revise your plan as your blog business grows at which time you’ll have more precise performance data from which to draw.

Specify Anticipated Blog Costs

Carefully consider how much money you plan to invest in your blog. Some investments will be a one-time purchase, others require an annual purchase, while still others will incur a monthly expense.

Most new bloggers—particularly those on a tight budget—begin by investing only in the essentials and acquire additional tools and resources as their businesses grow. Below is a list of costs you may encounter.

Typical Costs for a New Blog

Specify Revenue Projections

Every business plan includes revenue projections. To do this, outline which monetization methods you intend to use, when those methods will start earning revenue, and how much revenue you expect to earn. Be prepared: most bloggers earn little to no revenue in their first few months of blogging, but don’t let that discourage you. Everyone has to start somewhere.

Sample Revenue Projections

In the example above, the blogger forecasts that she’ll gross $50,216 in the first year. First year earnings are often modest, but if your business is successful, sales can grow nearly exponentially over time.

While the blogger in this example plans to use six different monetization methods, the lion’s share of her earnings is expected to come from coaching services. It’s not uncommon for one method to be the main driver of a blog’s profitability. I don’t recommend putting your eggs in one basket, though. The most successful bloggers use multiple monetization tactics to build their businesses.

Know Your Break-Even Point

Your break-even point is merely the point where your total revenues minus your total costs equals zero. That’s the point where you’re not making any money, but you’re not losing any, either. Include your projected break-even point in the Blogs and Revenues section of your business plan.

Add Your Projected Profits to Your Business Plan

Once you know your projected costs and revenues, you can calculate your profit forecast and add it to your business plan. Simply deduct all costs from all revenues to come up with your profit forecast.

Most blogs start out slow and revenues build yet still fluctuate over time | Example here from the Create and Go Blog Income Report. Source: createandgo.com

9. Blog Performance Tracking & Analysis Plan

As a business owner, it’s imperative that you can identify efforts that drive results as well as those that underperform expectations. That’s why you’ll include a section on performance tracking and analysis in your overall blog business plan.

First, list the tools you will use to track and analyze blog performance such as Google Analytics and Google Search Console, as well as social media management and analytics tools like Keyhole and Hootsuite .

Next, consider the key performance indicators (KPIs) that drive your blog’s overall performance. Include a list of KPIs you plan to monitor regularly in the Blog Performance Tracking & Analysis section of your business plan.

Examples of KPIs that help you better understand blog performance:

• Overall blog visitor count
• Top viewed blog posts
• Total site backlinks and backlinks by individual posts
• Total page views
• Average number of page views per visitors
• Blog bounce rate
• Total post views
• Social share likes, follows, and engagement statistics
• Social media stats by social channel
• Number of sales leads
• Email list subscriber rates
• Conversion rates on a site and page level
• Source of lead acquisition

The better you are at finding and replicating results-producing activities on your blog, the more money you’ll make in your business. Simply put, don’t skimp on performance tracking and analytics. Having a strong plan upfront will yield stronger profits over the long run.

10. Blog Exit Strategy

Sadly, the primary exit strategy for most blogs today is abandonment. That’s because most bloggers don’t treat their blogs like a business. That’s not you. You understand the importance of pursuing your blog with a deliberate business-building strategy. That means you have more options available to you.

Just because you’re enthusiastic about starting a blog today doesn’t mean you want to run a blog for the rest of your life. When the time comes that you want to move on, your three main exit strategies are: 1) abandon it, 2) give it away, or 3) sell it. If your intention is to sell your blog at some point, it’s best to outline the fundamentals of your money-making exit strategy now.

Bottom Line

I know what it’s like to dream of creating your own blog business; it’s both exhilarating and a little bit scary. I assure you that if you put in the effort to create a solid business plan for your blog, you’ll give yourself a business advantage that most bloggers simply don’t have.

Take the time to create your own plan now using the template provided at the top of this post. The stronger your plan, the better your chances of creating a thriving business.

About the Author

Find Janette On LinkedIn

Janette Novak

Janette Novak is a business journalist who primarily writes about starting, marketing, and growing online businesses. As a seasoned business consultant, she helps entrepreneurs and business leaders develop winning marketing and business growth strategies. She previously served as the Executive Vice President & Chief Marketing Officer for an international leader in professional development and business training.

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Blogging Business Plan Template

Written by Dave Lavinsky

Over the past 10+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their blogging companies.

If you’re unfamiliar with creating a blogging business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a blogging business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Blogging Business Plan?

A business plan provides a snapshot of your blogging business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Blogging Business

If you’re looking to start a blogging business or grow your existing blogging company, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your blogging business to improve your chances of success. Your blogging business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Blogging Businesses

With regard to funding, the main sources of funding for a blogging business are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for blogging companies.

Finish Your Business Plan Today!

How to write a business plan for a blogging business.

If you want to start a blogging business or expand your current blogging business, you need a business plan. The guide below details the necessary information for how to write each essential component of your blogging business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of blogging business you are running and the status. For example, are you a startup, do you have a blogging business that you would like to grow, or are you creating a multi-blogging business?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the blogging industry.
• Discuss the type of blogging business you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of blogging business you are operating.

For example, you might specialize in one of the following types of blogging businesses:

• Lifestyle Blogging: Designed to relate to a large audience, lifestyle blogging can include personal lifestyle choices, design, career choices and any number of life activities.
• Parent Blogging: The subject of parenting is a critical one and a blog can be followed by millions. This type of blog typically refers to parenting in general or may be categorized by the ages of the children. Often humorous, parenting blogs offer ongoing advice and suggestions for day-to-day living with children.
• Business Blogging: This type of blogging business is focused on professionals who want to know the backstory to the business headlines. Millions of people follow bloggers who specialize in finance, wealth generation and other subjects of great interest to the public.
• Politics and News Blogging: From well-known politicians to those who are entering the political realm, bloggers are followed by multi-millions of people interested in the subjects of the day and how those subjects interact in their own lives.

In addition to explaining the type of blogging business you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of followers obtained, the amount of revenue from subscriptions during the past six months, opening a multi-blogging business, etc.
• Your legal business structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the blogging industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the blogging industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your blogging business plan:

• How big is the blogging industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your blogging business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your blogging business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals interested in niche subjects, businesses looking to monetize blogs, businesses seeking collaborations, and those seeking entertainment.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of blogging business you operate. Clearly, individuals interested in niche blogs will respond differently to marketing promotions than will a business seeking collaborations, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regard to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other blogging businesses.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes other forms of publications, such as newspapers, magazines, and direct-to-consumer flyers. You need to mention such competition, as well.

For each direct competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of blogging business are they?
• What is their pricing (premium, low, etc.)?
• What sets their business apart from others?
• What are their weaknesses?

With regard to the last two questions, think about your answers from the customers’ perspective. And, don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide options for upgrading subscriptions?
• Will you offer products or services that your competition doesn’t?
• Will you provide better audience participation or feedback options?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a blogging business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of blogging company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide humorous reels about teen behaviors for parents aged 38-50?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your blogging company. Document where your company is situated and mention how the site will impact your success. For example, is your blogging business located in a major U.S. city or is it situated on a farm in South Dakota? Depending on your blog subject matter, your company location could be in the ideal location for your customers.

Promotions : The final part of your blogging marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in news outlets
• Reach out to other bloggers who create collaborative content
• Engage in article-writing using SEO with target keywords
• Engage in email marketing
• Create a complementary website that drives traffic to your blog

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your blogging business, including answering calls, planning and scheduling blogs, researching blog subjects, engaging with followers, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to monetize your blog, or when you hope to reach $X in revenue. It could also be when you expect to expand your blogging business to a multi-blogging business.

Management Team

To demonstrate your blogging business’ potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing blogging businesses. If so, highlight this experience and expertise. But, also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in a blogging business or successfully running a blogging business that was monetized or became a subscriber-serviced blog.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 10,000 followers within 3 months, and/or offer special subscriptions? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your blogging business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit, but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a blogging business:

• Cost of computer equipment
• Cost of technical support and photography equipment
• Cost of furnishings
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, office supplies and equipment

Attach your full financial projections in the appendix of your plan, along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or a list of friends and associates who are already lined up to appear or create content with you.

Writing a business plan for your blogging business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the blogging industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful blogging business.

Blogging Business Plan FAQs

What is the easiest way to complete my blogging business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your blogging business plan.

How Do You Start a Blogging Business?

Starting a Blogging business is easy with these 14 steps:

• Choose the Name for Your Blogging Business
• Create Your Blogging Business Plan
• Choose the Legal Structure for Your Blogging Business
• Secure Startup Funding for Your Blogging Business (If Needed)
• Secure a Location for Your Business
• Register Your Blogging Business with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Blogging Business
• Buy or Lease the Right Blogging Business Equipment
• Develop Your Blogging Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Blogging Business
• Open for Business

Where Can I Download a Free Business Plan Template PDF?

Click here to download the pdf version of our basic business plan template.

Our free business plan template pdf allows you to see the key sections to complete in your plan and the key questions that each must answer. The business plan pdf will definitely get you started in the right direction.

We do offer a premium version of our business plan template. Click here to learn more about it. The premium version includes numerous features allowing you to quickly and easily create a professional business plan. Its most touted feature is its financial projections template which allows you to simply enter your estimated sales and growth rates, and it automatically calculates your complete five-year financial projections including income statements, balance sheets, and cash flow statements. Here’s the link to our Ultimate Business Plan Template.

Don’t you wish there was a faster, easier way to finish your Blogging business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how Growthink’s business plan writers can create your business plan for you.

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MELYSSA GRIFFIN

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How to Create a Bangin’ Blog Business Plan (Workbook Included!)

Melyssa Griffin

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Get this: I did a recent survey of my audience (hey, like you!) and almost 75% of the people who responded said that they would love to turn their blog into a full-time business. Awesome, right?

Well, kind of.

Of everyone who responded, only about 15% said that they were actually making a living from their blog right now. So, what gives? What’s with all the people who yearn to do it compared to the small amount of people actually making it happen? For one, if you want to turn your blog into a business, you need to have a solid and strategic plan in place. That’s where today’s post comes into play. I’m going to show you how to create a Blog Business Plan , which is one of the first things you should do if you’re interested in one-day earning a full-time income from your blog.

Also, if The Oprah Winfrey Show ever comes back for an encore, I’d love to see Oprah throw out blog businesses to her audience.  You get to earn a full-time income from your blog! And YOU get to earn a full-time income from your blog!  Make it happen, O.

Back to business here. 😉 Business plans, at their core, are used by nearly all profitable businesses in the world. Creating a business plan for your blog gives you the opportunity to nail down all of the specifics, do important research, and create strategies that will propel you forward. It is essentially a roadmap of your blog business, written with your audience in mind.

I’ve even got some free worksheets for you, that will guide you through this post and give you a free Blog Business Plan that you can download, print out, and keep forever. Sound good?

Download your free workbook here:

Now, we’re ready to dive in! Let’s do this, yo. Here are the key components of a Blog Business Plan:

Step 1: Executive Summary

“Executive Summary” sounds really fancy pants, doesn’t it? It’s the very first section of your business plan, which is often written last, after everything else comes together. Here’s what you will want to include in your executive summary:

1. Your Mission Statement

This briefly explains what your business is about. What purpose does it serve? Why did you create it?

2. Highlights of Your Growth

If your blog has been around for any span of time, then you can mention the growth that you’ve already received here. You can mention any sort of growth, from an increase in money earned from your blog, to an increase in social media followers or pageviews. All of your growth contributes to your overall blog business, so this section is important (and motivating, yeah?).

3. Your products or services.

You’ll have the chance to talk more about your products and services in a later section, but here, write a couple brief sentences about the monetization methods you are using or the ones you intend to use.

4. Finally, what are your goals?

Here, you get to do some planning for the future! Always exciting, yes? Where do you plan to take your blog business in the future? What are some holy-crap-I-want-to-accomplish-this-one-day goals you have?

HOLD UP. What if you’re brand new to blogging?

In that case, you may not be able to fill out some of the sections above as easily. Instead, focus on your experience and how YOU are able turn your blog into a business. You can think of it as almost like a cover letter — what kind of research have you done and experience do you have that will make your business succeed? After that, make sure to talk about your future goals. Anyone can plan for the future. 😀

Step 2: Blog Business Description

In this section, we’re going to tackle the organization and culture of your blog business. You may not feel like you have a “company culture” just yet, but you are certainly building a brand, which is nearly the same thing. *hair flip* Let’s do this.

1. What sets your blog apart from others?

Take some time to think about this one — why would someone read  your blog over another, similar blog? In Step 4, we’re going to do some serious competitor analysis, but for now, just think about how you’re different and what you can do to separate yourself from your competition.

2. Who do you serve?

Your Blog Business Plan basically revolves around your target market. Actually, just about everything that you do for your blog should revolve around them! Without an audience, it will be impossible to grow a community around your blog or turn it into a full-time business. So, get really clear about who you serve.

• How old are they?
• What do they do for a living?
• What brought them to your blog?
• How can you help them?
• What are their future goals or aspirations?
• What are their hobbies?

Keep in mind, even if you are new to blogging and don’t have much of an audience to analyze, you can absolutely still take part in this section. Truthfully, blogging is not about creating content and trying to figure out who is reading it. It’s the opposite — deciding who you want to serve and then creating content that helps that specific type of person. Get it? 😉

Related: How to Choose a Focus for Your Blog (And Why It’s the Most Important Thing You’ll Do As a Blogger)

3. What is your “company culture” or brand personality?

You may not be running a business casual office for your blog, but you still have a brand personality and culture to uphold.

• When people interact with you or your blog, what do you want them to feel?
• What words would you use to describe your blog’s personality?
• What purpose does your blog serve?

The answers to these questions will help to analyze what your brand personality is. Developing a true personality for your blog means that you are consistent. It’s okay to try on different hats at first, but the most successful blogs are ones that have a distinct personality (perhaps similar to your own personality, you little blog hustler, you!).

4. What is the organizational structure of your blog business?

This may not be a concern for you at the moment, but in the future you may want to turn your blog into a recognized “corporation,” like an LLC (Limited Liability Corporation). If you are currently running a blog and accepting money as a blogger, then you obviously need to file taxes on that income. However, as you work with more clients and customers, turning your blog biz into an LLC or Incorporation (Inc) can protect your income and business from things like lawsuits.

If you’re just getting started, I would recommend waiting to turn your blog into an LLC or Inc unless you are in some sort of high-risk blogging industry. *Casually puts on sunglasses like and walks off into the sunset.* When I started my first business through my blog, it took me about a year before I turned it into an LLC. If you are the only employee and choose not to create an LLC or Incorporation, then you are simply known as a “sole proprietor,” which is totally legal and fuss-free.

Related: How to File Taxes as a Blogger

Step 3: Competitor Analysis

Before launching your blog into a business, it’s important to research your competitors and similar blogs, so that you can try to stay ahead of the game. A little warning for you though: When doing your research, make sure of two things:

• You’re researching with analysis eyes, not copycat eyes. It can be easy to look at a competitor’s website and get a flood of ideas for your own blog. Don’t do that, k?
• If your competitors are farther along than you, don’t feel let down.  It’s okay if they have a larger following, earn more money, or have some other statistic that has got you feeling like a failure. Remember, you’re here. Right now. Putting in the work. This isn’t about looking at other people and playing the comparison game. This is about being analytical and doing your research so that you can build your own empire. You got this, yo. Promise.

Lastly, I just want to mention that analyzing your competitors is an important part of starting a business, but it doesn’t mean you have to operate from a “competition mindset.” In fact, I’d discourage it. You will get much farther in your blog business if you focus on collaboration and relationships than if you focus on competing with other people. This section is simply another important way for you to do research so that you can build a strong foundation for your future online biz. *fist bump*

Now, when doing your competitor analysis, you’ll want to take the following steps:

1. Identify who your competitors are.

Make a list of all of your competitors. Which other bloggers are in your niche, doing something similar to you or to what you want to do? Which other bloggers have potentially similar products or offerings? Write down who they are, with a link to their website.

Now, if you’re brand new to blogging, then you may not know who your competitors are. Here are a few ways to find them:

• By being active on social media.  The more active you are on social media (so long as you’re sharing content for your niche), the more you’ll naturally discover who your potential competitors are. Observe. See who people are talking about, sharing content from, and engaging with.
• By joining Facebook groups.  Facebook groups are a fabulous place to learn more about your market and competition. Again, observe in Facebook groups. You’re obviously welcomed (and encouraged) to participate, but make sure that you are also observing what people say. Who do they mention? You can also start a new thread in a Facebook group (so long as it’s not against the group rules) to ask who people’s inspirations are in _____ niche. That should deliver some stellar results!
• By searching for relevant keywords on Google and seeing what pops up.  This is one of the easiest strategies. Think of a few “keywords” to describe your blog or niche. For example, if you write about hand-lettering, then some of your keywords might be “hand-letting for beginners” or “best calligraphy tools.” If you type your keywords into Google or Pinterest, whose content pops up first? These may very well be some of your competitors.

2. Research your competitors’ strategies and goals.

Now that you know who your competition is, take some time to research their strategies and goals. Go through their websites and social media accounts.

• What do they promote and how do they promote it?
• Are there any strategies that many of your competitors seem to use (for example, are most of them hosting webinars)?
• What sets them apart from the other competitors on your list?
• What goals do they have? Of course, you may not know the answer to this, but based on your research, what do you feel they are trying to achieve?

3. Know your competitors’ price points and ranges for their products.

If your competition has any products for sale, then write down what the price ranges are for those products. This will give you an overview of how much is typical for a product you may create one day and what your target audience is used to paying.

4. Create a list of your competitors’ strengths and weaknesses.

Finally, after reviewing their websites, strategies, and offerings, you’ll probably have a good idea about what exactly “exists” in your niche and how people are creating their businesses and blog communities. Now it’s time to dig a little deeper. Choose 3-5 of your competitors and make a list of some of their strengths and weaknesses. What do they excel at and what can they improve? And how can you use that knowledge to craft your own, well-rounded strategy?

Again, the competitor analysis is a great way to get more tuned in to the trends and strategies that are alive and kickin’ in your niche.

After you’ve done your competitor analysis? Don’t visit your competitors’ sites again.

Yup. Seriously serious. You will  not reach your goals if you spend your time checking in on what everyone else is doing and trying to replicate it. So, do your research, decide what works for you, and then create your own path.

Step 4: Audience Research

In Step 2, you identified who your target market is. Now, we’re going to dig in a little further!

1. Research your audience by doing a survey.

Surveys are a killer way to understand more about your audience without having to guess. You can use free sites like SurveyMonkey or Typeform  to create your survey, and then you just need to share it with your peeps. I recommend sharing it with your email list, on your blog, and on social media multiple times during a 1-2 week span of time.

• What will you use to create your survey?
• What are three of the most important questions you can ask that will help you learn more about your audience?
• How will you deliver your survey to your audience and get people to take it?

If your audience is small or currently non-existent, then rather than doing a survey, you can put on your observation glasses and pay attention on social media. Again, things like Facebook groups and Twitter chats are amazing ways to gain more information about your target audience. Just make sure to join groups and chats where your target market would be hangin’ out.

2. How can you help your audience specifically?

Going back to the Brand Personality that we talked about in Step 2 and the Competitor Analysis that we did in Step 3, how can YOU help your audience? What sets your blog apart from others and allows you to help your peeps in a different way? You don’t need to reinvent the wheel here! You can use many of the same strategies that others do, but it’s just about adding your own flair and personality to the things you create.

Step 5: Building Community

Before you launch a product through your blog, it’s essential to first grow your community and audience. If you want to grow a blog business, then you can buy all the e-courses and books you’d like. But if they only give you strategies for creating and launching product, without strategies for first building a strong audience and growing your traffic, then it’s just unlikely you’ll get the same results. For a successful blog, you totally need both: a community and a product.

1. Social media

One of the best ways to build community is by harnessing the power of social media. Social media is a ridiculously helpful space for growing your tribe and increasing your traffic. You can focus on Pinterest for traffic growth , and Twitter/Facebook/Instagram for finding your potential audience members and engaging with them.

So, for your blog business plan, it’s important to create your social media strategy.

• On which platforms will you put the most emphasis?
• Where does your target market hang out the most?
• What strategies will you use on each platform in order to grow your audience and community?
• How will you find your target audience on social media?

Related: 6 Ways to Create a More Engaged Audience on Instagram

2. Email list

In addition to partying on social media, you also want to put a large focus on your email list. Not only will your email list be essential for selling your products, but it will also be an incredible medium for connecting with your audience.

• Which strategies will you use to grow your email list?
• How often will you communicate with your list?
• Which types of things will you send your email list?
• What will you use for your email list’s lead magnet ?

Related:  8 Things You Can Send to Your Email List (For the Blogger Who Has No Idea What to Say)

3. Humanizing your brand

If you’re going to build a true blog business and community, you have to “humanize your brand.” In other words, what steps will you take so that your audience feels connected to you and can relate to you? Remember, people don’t buy from faceless corporations; they buy from people.

Related: How to Prime and Grow Your Audience for Your First Info Product

Step 6: Your Service or Product

Woop woop! It’s time to start planning your monetization strategies. Exciting, right? Now’s your chance to decide  how you will turn your blog into a biz. Will you launch services? Will you create an e-product? Here are some steps to get you started.

1. What do/will you sell?

What is a product or service that would help your target market or is something that you know they need (because you did a survey or observed them!)?

Don’t be afraid to get a little detailed here.

• Will it be an e-course?
• How many modules will it have?
• Which topics will it cover?
• How much do you plan to sell it for?
• When will you launch it?
• Will it be a set of services?
• What kind of service packages will you offer?

Related: How to Create and Prepare Your First E-Product

2. How does your product or service benefit your peeps?

Remember, your blog business plan is all about serving  your audience . They are the people who can turn your blog into a community and a business, so we want to serve them! Think critically about the monetization method you chose in the previous step…how will that product or service impact the lives of your tribe members? Why do they need or want it?

3. How is your product or service different from what your competitors are selling?

Lastly, go back to your competitor research and take a look at what your competitors are selling and promoting. How is your offering different, or how can you make it different? Is there anything you could add to your offering that would make it feel even more valuable than whatever else is out there?

Step 7: Marketing and Sales Strategy

Holy moly. You are such a trooper for making it this far. Who knew planning a business could be so much work? 😉 But really, you are putting in the effort right now and I am straight up impressed. Finally, we’re going to talk about your marketing and sales strategy, because once you create your products or services, you actually need to promote them! Let’s get started.

1. How will you market your products, services, and blog?

Take a moment to write down the methods that you will use to market your products, services, and blog. Will you use Facebook ads, schedule tweets, create a robust Pinterest strategy ? Write down all of the methods you’ll employ when promoting and marketing your content.

If you’re looking for ways to market your e-product or service, then check out this post where I share a variety of ways to market and launch your offerings.

2. How long will you spend on marketing and promotion per day?

We’re all busy, right? But turning your blog into a business does take some time. Make sure you analyze how much time you’ll realistically be able to spend on marketing and promotion each day and week. You may need to make some sacrifices or move your schedule around, but it will be worth it when you sell your first e-product and realize you’ve got what it takes to create your own business. 🙂

3. If you haven’t started your blog, what strategies will you use to launch it?

Now, if you’re a new blogger, you may need to start by creating a “launch” strategy specifically for your blog! How will your blog come into existence? What are some things you can do to launch your blog with a bang and get people excited about what you create and do?

One simple technique is to launch your blog with 5-10 pre-published (and freakin’ awesome) posts. If you only have one or two posts for your new visitors to browse during your launch, then they might not find anything that’s relevant to them. Creating multiple pieces of content gives them the chance to browse your site for a longer period of time, find something that interests them, and potentially subscribe and get hooked on your brand.

4. What is your growth strategy? In other words, what techniques will you use to continue growing your audience and income?

Finally (finally!), you want to come up with some strategies that you can use to  grow your brand. Imagine that your blog has been around for a few months or even years (maybe it has!) — what types of marketing and promotion strategies will you use to keep your growth on the up and up? Will you do monthly webinars? Biweekly guest posts on bigger sites? Hire an assistant? Launch a new course every quarter? Think about some things that you can add to your tool belt, which will keep your blog business growing and thriving.

MAJOR high five to you, friend. I can tell that you’re here because you’re truly ready to take your blog to a new level by turning it into a community and launching your very own blog business. Doing the same for my own blog (this one you’re reading!), was one of the absolute best decisions of my life.

What is something you struggle with in terms of turning your blog into a community and launching your own products? Let’s chat down below!

p.s. If you’re eager to turn your blog into a business, then I’ve got something BIG coming for you at the end of November. Make sure you sign up for the free Blog Business Plan Worksheets here so that you’re notified when more details are released!

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Written by Casey Botticello

Disclosure : Some of the links below are affiliate links, meaning that at no additional cost to you, I will receive a commission if you click through and make a purchase. Read our full affiliate disclosure here .

It’s all well and good to want to start a blog.

Perhaps it’s just a hobby, or a side hustle. However, if you’re looking to become a successful blogger and monetize, you’ll need to treat your blog like a business!

Behind any successful business is a business plan. If you’re a smart blogger, then you’ll want to create a blog business plan . This will help guide any decisions you make and grow your brand down the line.

To learn how to create a blog business plan effectively, read on to discover all the elements you need to consider!

What Is a Blog Business Plan?

In general, a business plan is a document that you, the business owner, creates in order to lay out your goals more efficiently.

Essentially, you can think of it as a “roadmap” for your business.

It functions as a guide to the core activities of your business, how you plan to move forward, what your goals are, ethos of the business, and any projections. 

A well-crafted business plan will contain the following:

• An executive summary
• Information about your services and products
• Plans for your marketing strategy
• Analysis of the market and competitors
• Budget and financial planning or considerations.

So how does this relate to your blog? 

Well, if you think about your blog as a business , then you can see how important it is to craft a blog business plan. How much better is it if you know what you’re aiming for with your blog, rather than stumbling around in the dark?

Making sure you have a blog business plan will enable you to:

• Be clear about what you’re trying to achieve with your blog
• Hold yourself accountable to your goals
• Be clear about your priorities in order to achieve your goals
• Be prepared for whatever comes your way.

Yes, putting together a business plan is a bit of an undertaking, but you’ll be relieved when you have it in place. Not only that, but you’ll set yourself on the path to success!

The Elements of a Blog Business Plan

So now you know the why , let’s get into the how . Here are all of the things you need to prepare:

The Executive Summary

This should always be the first section of your business plan. It’ll lay out exactly what your business — in this case your blog — is all about.

Your executive summary should be broken down into several sections:

• Your mission statement

What purpose does your blog serve and what is it about? Do you fit into a particular niche?

Really dig in and consider why you started your blog in the first place. This is your opportunity to evaluate your ethos and core values.

• Information about you

Who are you? What’s your background? Why should you be considered an authority on your topic?

• Who is your ideal target audience?

What kind of person is your perfect reader? What is their demographic?

• Any relevant blog growth highlights

If you’ve already been running your blog for some time, this is your opportunity to boast about your achievements thus far!

Have your followers increased? Were you able to monetize through affiliate partnerships, or otherwise? Have your unique views increased?

Don’t worry if you don’t have anything to put in this section yet — remember, your business plan can (and should) be updated!

• Any services or products you offer

You don’t need to go into excessive depth here, as you’ll be able to expand on this later in your business plan. However, you should mention in brief what you’re doing, or planning on doing, in order to monetize.

• What goals are you hoping to achieve?

The most exciting bit! Here’s where you get to lay out your dream goals and vision statement for the future.

Don’t scare yourself off, really think hard about what it is you want to achieve and put it down. Not only is it motivating, but once you’ve written it down, you can start to consider how to make those goals reality.

Brand Identification

The backbone of any business is the brand identity. This is what hooks customers, inspires brand loyalty, and brings a touch of humanity to a service.

For a blog, this is even more important, because what you’re selling is, well — you! As a blogger you’re putting yourself out there as the authority on your subject or topic, bringing value to your audience.

While it can be tempting to create a brand persona for your blog, what readers really love is authenticity and trustworthiness. Plus, how exhausting would it be to have to keep up a double life?!

Maybe your brand identity is a little more extra than you are in person, but at the core it’s still you. Lean into this and build off it in order to find what works for you, your blog, and your audience.

Ask yourself the following:

• Why does your blog exist?
• How do you want your audience to feel when they interact with your blog or you?
• What keywords would you use to describe your blog?

It’s also important to know what your “ definitely wouldn’t do” s as well as your “ would love to do” s are. That way you can refine the core values and ethos of your blog.

In this section you should note:

• Your blog details

What’s your blog called? What kind of vibe are you aiming for?

• What do you cover?

Here you’ll want to explain what topics and categories you cover on your blog, i.e. what’s your niche? Include what hashtags you use on your social media channels, too, as this will be relevant for your marketing strategy.

• What are your posting processes or practices?

Do you have a specific format or style guide to stick to? How about images? This is important to know not just for you but for any guest bloggers you may invite to your blog.

• How would you like to expand on your blog later down the line?

How could your blog and brand expand in the future? What opportunities exist?

Here you could think about publishing books, starting a video channel, doing live demonstrations and events — anything you can think of that you’d like to do!

Overall Business Strategy

Here’s where you’re going to talk about how you plan on executing your goals. You’ll want to include:

• Your posting schedule

Consistency is key! Blogging regularly not only helps you, but it lets your audience know when to expect content. Create a schedule and stay the course!

• Your marketing strategy

What methods are you planning on using for marketing yourself and your blog? Social media and email mailing lists are commonly used, but there are other forms of marketing out there, too.

What about using guest bloggers, or link exchanges? Known as outreach marketing, this can also be an extremely effective form of marketing for blogs.

• How you’ll monetize and what you offer

What techniques will you use to bring money in, while also offering value to your audience? Check back over your goals and future expansion ideas for help with this if you’re stuck.

Remember : There are lots of different ways to monetize your blog, but don’t stray too far from your mission statement, blog ethos, and brand identity.

• Analytics of your blog

Being able to analyze your blog performance and track unique views, keywords, and more, is essential to the success of your blog. While Google Analytics is an excellent choice here, it isn’t the only one.

Identify which analytics service(s) or tools you’ll use and how they can help drive your blog forward.

Market and Audience Analysis

As with any business, one of the most important steps is identifying who your audience are, the current market, and any competition.

Knowing who you’re trying to reach with your blog and how you can stand out from the crowd is essential to success.

In this section you should lay out:

• Who are your target readers?

How old are they? What demographic are you trying to reach?

It could be helpful to imagine your ideal reader here, as this can help you when writing your blog posts if you imagine that you are writing for that specific person.

• Who is your competition?

Who are the successful bloggers in your niche? What sets them apart and what tools or marketing strategies are they using?

It’s a good idea to profile your competition and include not just your main rivals but also smaller blogs. What are they doing right? How could you improve on what they’re doing?

• What networking opportunities exist?

No man is an island and blogging is all about community. That’s not just the community that you’re building, but the community that already exists around you.

There are plenty of opportunities to collaborate and work with others in your field. Identify these and use them to your advantage.

Financial Considerations

Of course, you can run a blog for free. However, in order to really level up, you’re going to want to spend a bit of money.

Even if you’re running your blog for free right now, it’s a good idea to be clear about what expenses you may need in the future.

• Domain and hosting costs
• Branding or logo design costs
• Any subscriptions you may need for themes, plugins, tools, or software
• Photography costs, whether that’s your own or licenses required
• Any promotional materials, eg, business cards and Facebook ads
• Office supplies
• Internet provider costs
• Any fees associated with starting a business (not necessarily required).

How Blogs Can Turn into a Business

As soon as you monetize your blog, it’s no longer a hobby but a business! On your blogging journey, somewhere along the line you may decide that doing it for no return isn’t worth the effort any more. 

After all, you’re putting time into creating a resource for others– so why shouldn’t you be compensated?

When you decide that your blog should be a business, you’ll want to make sure that you:

• Post consistently
• Market and promote your content in order to grow your audience
• Communicate with your followers though email mailing lists, social media, and more
• Find different ways to monetize your blog
• Keep going!

You may find that what works for other blogs doesn’t for yours. That’s okay! Just keep hustling, and you’ll eventually find a winning formula.

How to Create a Blog Business Plan

While we’ve already covered a lot of the steps you need to go through in order to create your blog business plan, let’s break it down even further.

1. Create a Blog Roadmap: Define Your Blog’s Goals, Mission, & Vision

What Is Your Niche?

Defining your niche is the most important step: what are you going to blog about? What sets you apart from your competitors as the authority on this subject? Niche vs. micro niche ?

You really could pick any topic you like, as long as there’s a demand!

Who Is Your Target Market?

Who is your ideal reader? What are their demographics and psychographics?

Research your target market — what are their pain points? How can you tap into this to create content that’s of value to them?

How Will You Monetize Your Blog?

There are a million and one ways to monetize your blog. Here are some ideas:

• Become an affiliate partner
• Sell advertising space
• Partner with brands
• Sell physical or online products or courses
• Write and sell e-books

Be sure to stay true to your blog’s ethos and brand when choosing monetizing opportunities , as not all will be a good fit.

What Do You Want Your Blog Business to Achieve? 

Perhaps you want to hit a certain unique visitor milestone, or email subscriptions? 

Maybe you want to earn a specific amount of money, or even spend a particular amount of time working on your blog.

Whatever it is, be reasonable and realistic with your timeframes. You want this to be a way to measure your success.

2. Do Competitive Research & Analysis

Who Are Your Main Competitors?

Use Google Alerts and keyword searches to figure out who your main competitors are. 

Knowing who your competitors are means that you’ll be better equipped to place yourself as the authority in your niche.

What Are Their Strengths, Weaknesses, and Keywords?

If you’re able to identify your competitor’s strengths, weaknesses, and keywords, you’ll know what pitfalls to avoid and how you can better them.

Keyword research is vital here. When it comes to beating your competition, it’s all about placing higher in Google searches so that you become the top-ranked blog in your niche.

How Can You Differentiate Your Blog from Theirs?

Your USP (unique selling point) is what’s going to give you the edge over anyone else in your niche. What is it that makes you special and unique?

Make a list of all of the ways your blog is or could stand out from the crowd, then use this as a guide for your content and strategies.

Tools You Can Use for Competitive Analysis

There are many tools out there you can utilize when analyzing your competition. 

Some will be paid, and some will be free with the option to upgrade. We recommend starting with free versions first and seeing if you need to upgrade.

You may find that a combination of tools works best for you, as some will analyze particular social media whereas others will look at keywords and SEO-related analytics . 

You may want to check out tools such as:

• SproutSocial
• SocialBlade

3. Establish Website

Domain Name

This is what you’ll name your blog . Make sure it’s registered, fits with your brand and blog in some way, and that the domain has a clean history .

Blog Hosting

This is where your blog lives on the Internet. Make sure you choose a reliable and reputable blog web hosting service — a blog with a lot of downtime isn’t going to help you!

Website Elements 

What will you use to design your website? WordPress is one of the most used platforms for building a blog– and for good reason. It’s extremely user-friendly, and you don’t need to know code to get going.

However, there are plenty of other website building tools out there, so do your research and pick the best one for your blog.

You’ll want to think about the visual appeal and aesthetics of your blog as well as the personality and tone. Make sure it all ties into your blog’s ethos, message, and vision, too.

4. Make a Content Strategy

SEO and Keywords

SEO and keywords are, arguably, the most important part of getting your blog out there. If you aren’t ranking highly on search engines then how will anybody see your hard work?

Make sure you take the time to get your SEO up to scratch and do thorough keyword search. That way you can ensure that you’re giving yourself the best chance for your blog to be seen.

Guest Blogging

Guest blogging is a great way to bring new traffic into your blog, whether you’re hosting another blogger or creating a post for someone else.

Be sure to align yourself with others in your niche to draw the right traffic into your blog. 

Building backlinks with other blogs is also a great way to improve your SEO. Guest blogging also helps to establish you as an expert in your niche and build awareness of your brand.

In other words: There’s no downside to guest blogging as long as it’s carried out legitimately and with reputable partners!

Email Marketing 

Email mailing lists are still a great way of keeping in touch with your existing audience, as well as helping to grow your readership.

Encourage people to sign up by having a great lead magnet. Don’t forget to be consistent and send out newsletters to your readership, directing them to where you want them to go.

Social Media 

Social media can be an excellent way to build community around your blog. Ideally, your blog’s community will be engaged, and social media is where you can really make that happen.

You can even use social media to drive more traffic to your blog. Just don’t forget to be authentic and engage with your audience in a genuine way!

5.  Develop Standard Operating Procedures

Content Calendars 

Creating content calendars can be extremely helpful as you continue to refine your blog posting processes and operating procedures. 

This lays out exactly what you’ll be posting and when, making it easier for you to create content regularly.

Your content should always be high quality and of value to your audience. Knowing what you’re going to post and when allows you to plan your content to make sure this is true every time!

Should You Outsource?

You may find at some point that the growth of your blog has exceeded your individual ability to fulfill its needs. At this point, you may want to consider outsourcing parts of your blog .

This is also why it’s important for you to lay out your business plan early on — what are the essential tasks that only you can do? 

What other menial tasks could you outsource, without affecting quality, value, or your bottom line?

Time Spent on Blog

There’s going to come a point when your blog side hustle is now your main hustle, and when that time comes you’ll need to be able to respect the commitment required.

How much time is reasonable for you to spend on your blog? Is it going to be financially sustainable? How will the time you spend on your blog affect its future valuation should you choose to sell it?

Try to define your time commitment to your blog and balance this with the rest of your life.

6. Sales & Marketing

There are so many different ways to market your blog, some of which we’ve already outlined in this article. Whatever you choose, just make sure that it remains true to your blog’s brand!

7. Performance Tracking

Don’t forget : Once you’ve put everything else in place, you’ll want to use various tools to track your performance. 

Google Analytics is a great place to start, but there are many free and paid-for tools available, too.

Only by tracking your performance will you be able to make positive changes for success.

8. Launch Your Blog

And, you’re off! Now that you’ve put in all the prep work, it’s time to get your blog off the paper and into the world. Start your blog today !

The Bottom Line

Anyone can have a blog, but to have a successful blog takes a lot of blood, sweat, and tears.

By creating a blog business plan, you can ensure that you’ve got a framework to work from, measure your progress, motivate you, and make sure that you stay true to your values.

If you’re ready to take your blog from a side hustle to a business, then following the above steps will ensure that you’re prepared to do so. 

Just remember to stay true to why you started your blog in the first place, as well as your values and blog ethos. Best of luck!

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• The Ultimate Guide to Creating a Blog Business Plan…

The Ultimate Guide to Creating a Blog Business Plan (Updated)

What sets apart the top-tier blogs in every industry and the blogs most people run? What's the difference between success and mediocrity? As often as anything, the answer is a business plan.

When many people start a blog, they don't have a goal, plan, or drive to succeed. They might know some of the basics of how a blog can be a business. They might know some of the elements of SEO, something about marketing, maybe they've read about maintaining a schedule, and an assortment of other tips and tricks for blogging success.

Few people realize that developing and adhering to a business plan is critical if you want your blog to succeed. You can't simply write some content every week and expect to compete on par with industry giants. Even if you keep at it for years, you might never make a break-even point, let alone a successful brand.

What is a business plan? It is many things.

• A business plan is a roadmap. It guides your business from A-B-C and beyond, with each milestone marked as a tangible goal or achievement.
• A business plan is a tangible document. It's something you can open up and reference to ensure that you're keeping your business on track.
• A business plan is for accountability. You have tangible goals and a roadmap to achieving them. If you fall behind or veer off track, your business plan holds you accountable.
• A business plan is priorities. It's a document that helps you guide your efforts to know what to do next and where to spend your energy.
• A business plan is a prediction. No business has smooth, even growth. There will always be ups and downs, challenges and problems to solve along the way. A business plan helps you predict what and when those challenges may occur.

How do you, a newcomer to blogging (and someone using a blog for their business), go about creating a business plan for a blog?

Business plans vary as widely as business owners do. Some businesses run on a single-page document of outlines and a bunch of information in the CEO's head. Others have comprehensive living documents filled to the brim with details, guiding every move the business makes. Most are somewhere in between.

Before you can start making a business plan, you need to know what goes into one. What I've done here is pared down many of the business plan examples I've seen online and added some missing steps to create something that is "middle of the road," so to speak. It's not the most comprehensive and detailed business plan, but neither is it the simplest. You can feel free to pick and choose what ends up being the most useful to you.

For example, if you're starting a blog, how important is setting up a members-only area, subscription service, or affiliate account? In your first month, it's not very important; your first goal is to get traffic because monetization strategies aren't actualized until you have some.

Blog/Brand/Executive Summary

First up, we have the executive summary. While this might sound fancy and over-the-top for a one-person operation like a new blog, it's a pretty critical part of a business plan.

What is it?

Simply put, it's your elevator pitch, your vision, your reminder to yourself of what your blog is and what purpose it serves. It can include elements such as:

• A mission statement.  Why did you make your blog? What is your goal? What do you want your blog to look like when it's successful?
• A growth summary.  If you're starting a blog from scratch, you don't have milestones yet - you can ignore this for now. If your site has been around for a while, this is where you chart out your existing growth milestones. When did you first start to see organic traffic? When did you make your first sale? You can use this as a motivating force, too.
• A monetization summary.  How do you want to monetize your blog? You don't need to go into great detail here; note down the methods you want to use. Display ads, affiliate links, sponsored content, product sales, services, consulting; there are tons of monetization options, and this is where you list what you want to use (and what you don't).
• A goals list.  Later on, you can talk about SMART goals, but you're just listing your pie-in-the-sky goals here. Do you want to make a living? Do you want to get links and citations from major publications? Do you want to network with your favorite bloggers in the industry? This list is where you outline the goals that make you think "I made it" when you achieve them.

Remember, none of this needs to go into great detail. It's an overview, a summary, and it doesn't need to be anything more. That's what your business plan is for; remember, this plan is for your blog.

Your Unique Value

Next up, you need to dig deep and consider what you have to offer to the world via your blog. What are you bringing to the table that makes people want to follow you, read your content, partake in your monetization strategies, and otherwise make your business a success?

Again, we're still thinking in more general terms, not deep specifics. You can dig into the specifics later when you do competitive analysis and take a look at the niche and industry you're entering. So, some ideas to get you started:

• You offer unique insight and information about your topic based on your own experience.
• You offer a look at a newcomer's journey from start to finish that others can use as an example.
• You have a new and innovative product you want to bring to market.
• You can offer an existing product presented in a new and exciting way or for a lower price or higher quality than what already exists.
• You have a unique perspective on your industry based on your demographics, past experiences, or situation.

These ideas exist to get you started as much as anything. Some of these apply more to businesses that want to sell a product and use a blog to do it. People who want to be bloggers and make a living on the side might not have goods in mind. There are many potential unique selling points, so feel free to dig deeper into the subject with posts like this:

Competitive Analysis

What is your niche? Are you starting a food blog? A marketing blog? A blog about sports? Music? Any topic you can imagine is something you can write a blog about, so long as you have the expertise to fuel it, or at the very least the interest to learn. Hobbies, careers, it's all viable. There are people with incredible, insightful, and fascinating blogs about organic chemistry, nitty-gritty marketing subjects, and other narrow niches.

The key isn't just knowing what your niche is; it's about knowing  who else is competing in your industry.  Performing detailed competitor analysis allows you to build an awareness of the field and figure out who you're competing with and aspiring to be.

Before I dig into how to do this, it's worth mentioning that this can change over time. Your focus and direction within your niche can change in response to your interests changing, the interests of your audience changing, and the industry as a whole changing. Your competitor analysis is, as I mentioned up above, a living document. Things change; you need to change with them.

The actual process for competitive analysis can be somewhat complicated. I'm going to simplify it a bit here under the assumption that you're just starting with a blog and business plan, so you might not have a lot of information when you first start. Once you grow and begin to find your feet, you'll be able to refine this. Competitive analysis is something you should often do because competitors come and go.

If you want a more refined look, HubSpot has a great guide here:

In short, you need to:

1. Figure out who your competitors are. Identify as many other blogs in your niche as you can, from other small-scale blogs to the giants in the industry.

2. Figure out the scale of your competitors. Rank them; ones who are smaller than you, ones on par with you, larger than you, and as many tiers larger as you feel like dividing them.

3. Pin down information about your closest competitors. What do they do to monetize? How often do they produce new content, and of what quality level? How do they advertise their blog and their products? What sort of holes in their strategy can you identify and potentially be able to exploit?

4. What kind of audience is the competitor targeting, and how engaged are they?

If you're starting with a brand new marketing blog, don't make the mistake of digging into analysis for "competitors" that aren't your competition. For example, you're more likely to analyze me than you are HubSpot, Neil Patel, or Moz.

We create blog content that converts - not just for ourselves, but for our clients, too.

We pick blog topics like hedge funds pick stocks. Then, we create articles that are 10x better to earn the top spot.

Content marketing has two ingredients - content and marketing. We've earned our black belts in both.

Audience Definition

Armed with information about your competitors, niche, and industry, you can now start to do audience definition. If possible, you're going to want to build up a list of  audience personas . These are sort of like "character sheets" for archetypal examples of a blog reader. Who are you going to try to target with your blog? The single mom, the college student, the theater performer, and so on.

What sort of information is helpful?

• Different age groups like other kinds of content and have different types of interests. Older people might like a more formalized language, for example, and might not get video game references.
• You want to relate to your audience, so knowing the kinds of careers they have can help. A food blog creating elaborate, time-consuming recipes won't resonate with an audience of people who have 10 minutes to cook dinner.
• Understand your visitor's goals. Why is this person visiting your site? Do they want to be educated, need a tutorial for a task, or are they just interested in the subject and want to read about it?
• Other demographics. Gender, sexual identity, general location, income level, marital status; again, all of these help you relate and resonate with your audience and fulfill your reader's needs in a way that keeps them coming back.

Your personas can be as elaborate or as simple as you want to make them. They're also just guesswork, at least initially. If you don't have traffic, you don't have an actual audience to measure, after all. These guesses are just examples of who you want to target. Then, once you have some traffic, you can see who you're attracting and adjust accordingly.

Content Production Pipeline

In my mind, the most critical part of a business plan is establishing a content production pipeline for your blog content. From start to finish, you should have a defined methodology for creating your content.

The number one most critical aspect of content production is topic ideation. You can spend a decade writing content in a niche, but if you're writing random topics that come to mind, you might never resonate with other people, never get picked up by Google, and never have any success.

Every good blog post needs to recognize three things. First, it needs to understand the topic it's covering. Second, it needs to know the audience it's targeting. Third, it needs to grasp the intent of the audience. All three of these combine to create a good blog post.

The audience and their intent can define one subject. For example, let's take a food blog's post about dinner. Your topic is, in general, dinner meals.

• An audience of nutritionists might have questions about the importance of eating dinner, what nutritional profiles it should fit, and how different diets compare.
• An audience of food lovers might be interested in elaborate recipes with stunning presentations that they can replicate or enjoy vicariously.
• An audience of busy working adults might be interested in quick and easy dinner recipes they can follow to make a quick family meal in under an hour.

Thus, by learning who the audience is and what they want, you can shape your content to improve engagement and user experience.

Should it be educational? Should it be deep or superficial? Should it be instructive? All of these have their roles, which is why you need to know what you're producing.

For your blog to perform, it's also necessary for you to focus on competitive topic analysis. You're not the only one covering this topic and probably not the only one targeting this audience with it. How do other blogs compare? Are they shorter, lower-quality posts or longer, high-quality posts? Are they deep or broad? Are the sites that are surfacing small or massive? Did they leave anything out, or can you expand on this topic and create a much better version?

You can also analyze the core keyword of the topic. Specifically, you're looking for subjects that strike the right balance between search volume and competition. A blog topic with too much competition will be impossible to rank for, and a blog post that doesn't get any organic traffic is a failure in my eyes. A topic with too little search volume will get you little or no traffic, even if you rank #1 for it. It would help if you found something in the middle.

From there, your content production pipeline gets into the actual details of production. Here's my general process:

• Begin with topic ideation, as mentioned above.
• Do the research and generate a compelling headline.
• Create an outline for the blog post .
• Flesh out the outline, rearrange sections into a logical order and write the post.
• Edit the post for spelling, grammar, factual information, consistency, and logical flow.
• Add formatting; headings , bold/italics/underlines, symbols, lists, etc.
• Create images. All good blog posts need solid pictures and preferably unique ones.
• Review the post for SEO factors, such as keyword usage, links to other blog posts internal and external, calls to action, and so on .
• Publish the post, or schedule it as part of a backlog for a consistent schedule.

At any given time, I have articles in nearly every stage of this pipeline. I can start and stop as necessary by establishing a defined calendar and maintaining a constant production flow.

A defined pipeline like this also allows you to offload some work to freelancers, contractors, or employees as you grow. For example, you might do your topic ideation and outlining and then hand off the actual writing to a writer, do the editing and formatting, hire someone for graphic design, and do your SEO review and publishing.

Promotion Strategy

Blogs don't work on their own. There's no Field of Dreams-Esque "If you build it, they will come" effect going on. No, the internet is far too packed with content for that to work these days. Today, you need to promote your blog, which means developing a promotion strategy. Your blog business plan should include your primary, secondary, and tertiary promotion strategies in organic and paid methods.

I'm not going to go too deep into specifics about promotion, but here are strategies you can use for ideas and research more into how to do them effectively.

• Paid marketing. Paid ads, sponsorships, paid promotion on social networks; spending money gets you results, as long as you have the money to spend.
• Attract the attention of Google. You want your articles to get ranked for their respective topics and keywords to earn some organic traffic. This one is essential for every blog and the real reason most people start a blog in the first place.
• Link building . One of the core pillars of SEO is links pointing to you from other relevant sites. Getting those links can be complicated and is an industry in and of itself.
• Influencer marketing. This strategy involves networking with influential content creators in your niche, particularly those with active social network audiences.
• Social media posting and sharing. Facebook, Twitter, Pinterest, Instagram, LinkedIn, Reddit, Imgur, YouTube; any relevant social network can be a source of traffic when you promote yourself using the site.
• Content repurposing. A blog post doesn't need to stay a blog post. You can use it as a basis for  other forms of content , including videos, podcasts, infographics, and more.
• Newsletter marketing. Building up a newsletter and actively using it is a powerful technique that many bloggers ignore for far too long.

Promoting your content is how you grow. Without it, you're just howling into the void.

Timeline Estimates

Another element of a blog business plan is establishing a timeline. Timelines are flexible, but you can estimate how your blog will grow and set goals to reach specific milestones with SMART goals.

SMART goals are Specific, Measurable, Attainable, Realistic, and Time-Sensitive. SMART goals mean that you can pin them down, measure them, and set them as specific goals with a success or failure attached to them.

A non-SMART goal would be :

"I want to grow my blog."

A SMART goal would be:

"I want to reach at least 100 monthly active users by January 1, 202x."

Developing a timeline helps you set goals and progress towards them, with the added benefit of allowing you to reevaluate and adjust your strategy if you achieve them much earlier than (or fail to achieve them by) the original estimated goal date.

Wrapping Up

While creating a business plan for a blog might sound like unnecessary work, it separates real bloggers from hobbyists. Don't get me wrong; if all you want to do is write about your life in a format you can share with friends and family, that's fine. But, if you're going to earn a living from your blog, you need to treat it like you would anything else you make a living through.

Take it seriously, and your blog will reward you for your effort.

James Parsons is the founder and CEO of Content Powered, a premier content marketing agency that leverages nearly two decades of his experience in content marketing to drive business growth. Renowned for founding and scaling multi-million dollar eCommerce businesses through strategic content marketing, James has become a trusted voice in the industry, sharing his insights in Search Engine Watch, Search Engine Journal, Forbes, Entrepreneur, Inc, and other leading publications. His background encompasses key roles across various agencies, contributing to the content strategies of major brands like eBay and Expedia. James's expertise spans SEO, conversion rate optimization, and effective content strategies, making him a pivotal figure in the industry.

Join Thousands of Marketers and Get Free Tips Weekly!

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March 09, 2022 at 7:22 pm

Awesome guide! Extremely useful for a newbie like me.

March 10, 2022 at 9:38 am

Thanks Tom! Good luck with your new blog 🙂 feel free to reach out if you have any questions.

March 23, 2022 at 9:48 pm

What other things should I keep in mind transitioning from writing on a personal blog to a business blog?

March 25, 2022 at 1:50 pm

I think successful blog marketing can be broken down into two categories; research and execution. One falls flat without the other.

Here's an article I wrote on research: https://www.contentpowered.com/blog/blog-topic-ideas-tools/

Here's an article I wrote on execution: https://www.contentpowered.com/blog/blog-optimization-tips-seo/

These two should help you out quite a bit!

March 25, 2022 at 2:01 pm

I wrote a great guide on this here, focused on business blogging: https://www.contentpowered.com/blog/write-first-blog-post/

The most significant shift between a personal blog and a business blog is the increased importance of choosing the correct blog post titles.

Traffic volume, pain points, and conversions aren't always as crucial with a journal or a for-fun blog. With a business blog, those things are essential.

Here's a guide that I wrote on how to find great blog post titles: https://www.contentpowered.com/blog/blog-topic-ideas-tools/

I hope this helps!

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Blog Business Plan Template

Are you a fan of storytelling? If yes, then the decision to start a blog business is one of the wisest choices to spread your voice to a lot of people.

But, do you know, without a proper plan it might fail? If you want a successful blog with millions of readers and a lot of affiliate offers, then start it on the right foot.

Get assistance in crafting a business plan for your blog business with the help of our blog business plan template.

How to Write a Blog Business Plan?

Writing a blog business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business

Start your executive summary by briefly introducing your business to your readers.

This section may include the name of your blog business, the website’s name, the type of blog business (E.g., fitness blog, educational blog), etc.

Highlight the blog niche you will work in. The USPs and differentiators you offer are always a plus. You may even include examples to show your work to the readers.

Marketing & Sales Strategies

Outline your sales and marketing strategies—what marketing platforms you use, how you plan on acquiring more viewers, etc.

Financial Highlights

Briefly summarize your financial projections for the initial years of business operations. Include any capital or investment requirements, associated startup costs, projected revenues, and profit forecasts.

Call to Action

Summarize your executive summary section with a clear CTA, for example, inviting other bloggers to work with you.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

2. Business Overview

The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description

Describe your business in this section by providing all the basic information like name, website domain authority, etc.

Describe what kind of blog business you run and the name of it. You may specialize in one of the following blog businesses:

• Personal blogs
• Niche blogs
• Finance blogs
• Photography blogs
• News media blogs
• Review blogs
• Educational blogs

List the names of your blog company’s founders or owners. Describe what shares they own and their responsibilities for efficiently managing the business.

Business History

If you’re an established blog service provider, briefly describe your business history, like—when it was founded, how it evolved over time, etc.

Additionally, If you have received any awards or recognition for excellent work, describe them.

Future Goals

It’s crucial to convey your aspirations and vision. Mention your short-term and long-term goals; they can be specific targets for revenue, market share, or expanding your niche.

This section should provide a thorough understanding of your business, its history, and its plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market

Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers. For example:

The target market of TrendWave Insights

TrendWave Insights aims to capture the attention of a diverse and tech-savvy audience seeking valuable insights into emerging trends across various industries.

The target market likely includes professionals, entrepreneurs, and enthusiasts interested in staying ahead of the curve in areas such as sustainability, remote work, wellness, technology, e-learning, health tech, cryptocurrency, diversity and inclusion, and digital marketing. With a focus on providing in-depth analyses and expert perspectives,

TrendWave Insights appeals to individuals and businesses looking for actionable insights and a nuanced understanding of the evolving landscape.

Market size and growth potential

Describe your market size and growth potential and whether you will target a niche or a much broader market.

For example, the number of bloggers in the United States alone was around 32 million in 2020, so you can imagine the competition and market size in the current times.

Competitive Analysis

Identify and analyze your direct and indirect competitors. Identify their strengths and weaknesses, and describe what differentiates your blog page from them. Point out how you have a competitive edge in the market.

Market Trends

Analyze emerging trends in the industry, such as technology, changes in audience behavior or preferences, etc. Explain how your business will cope with all the trends. For example:

Market trends for TrendWave Insights

TrendWave Insights navigates a dynamic market where trends spotlight sustainability, remote work, wellness, and tech innovations. E-learning, health tech, and diverse, equitable practices are on the rise.

E-commerce evolves with personalization and cryptocurrency gains traction. Post-pandemic, hybrid work and digital marketing innovations shape consumer behavior. The entertainment industry has shifted to streaming and niche content. Space exploration, cybersecurity, and privacy also make waves in TrendWave’s trend-spotting journey.

Regulatory Environment

List regulations and licensing requirements that may affect your blog business, such as business registration, insurance, copyright & intellectual property laws, privacy & data protection, etc.

Here are a few tips for writing the market analysis section of your blog business plan:

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Describe your services

Mention the blog services your business will offer. This list may include services like:

• Content creation
• SEO services
• Social media management
• Email marketing
• Affiliate marketing

Additional Services

Mention if your blog business offers any additional services. You may include services like content marketing consultation, guest posting services, online courses, etc.

In short, this section of your blog plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP)

Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies. For example:

Unique Selling Proposition of TrendWave Insights

At TrendWave Insights, we ride the crest of innovation, bringing you a tidal wave of the latest trends across diverse industries. What sets us apart is our commitment to not just reporting trends but diving deep into their impact.

Our seasoned editorial team curates content that goes beyond the surface, providing you with insightful analyses, expert perspectives, and actionable insights. Whether you’re a trendsetter, business enthusiast, or simply curious about the world’s latest waves, TrendWave Insights is your beacon to stay ahead, understand the currents, and ride the trends with confidence.

Marketing Strategies

Discuss your marketing strategies to market your services. You may include some of these marketing strategies in your business plan—social media marketing, Google ads, email marketing, content marketing, and affiliate marketing.

Sales Strategies

Outline the strategies you’ll implement to maximize your sales. Your sales strategies may include loyalty programs, offers to repeat customers, referral programs, etc.

Customer Retention

Describe your customer retention strategies and how you plan to execute them. For instance, introducing loyalty programs, personalized service, etc.

Overall, this section of your blog business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your blog business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training

Mention your blog business’s staffing requirements, including the number of employees or writers needed. Include their qualifications, the training required, and the duties they will perform.

Operational Process

Outline the processes and procedures you will use to run your blog business. Your operational processes may include meeting clients, training employees, and blogging.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your blog business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO

Mention the founders and CEO of your blog business, and describe their roles and responsibilities in successfully running the business.

Key managers

Introduce your management and key members of your team, and explain their roles and responsibilities.

Organizational structure

Explain the organizational structure of your management team. Include the reporting line and decision-making hierarchy.

Compensation Plan

Describe your compensation plan for the management and staff. Include their salaries, incentives, and other benefits.

Advisors/Consultants

Mentioning advisors or consultants in your business plans adds credibility to your business idea.

So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

Here is an example of the management team:

The management team of TrendWave Insights

Founder and CEO – Jessica Reynolds

Jessica is the driving force behind TrendWave Insights. With a background in journalism and a keen interest in emerging trends, she founded the blog to provide readers with insightful content on the latest trends in various industries. Jessica sets the strategic vision for the blog, emphasizing the importance of staying ahead in the ever-evolving landscape of trends and innovation.

Editor-in-Chief – Benjamin Hayes

Benjamin is the editorial lead at TrendWave Insights. With a wealth of experience in journalism and content creation, he ensures that the blog produces high-quality and engaging content. Benjamin oversees the editorial team, guiding them in curating content that reflects the most relevant and impactful trends.

This section should describe the key personnel for your blog business, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement

Describe details such as projected revenue, operational costs, and service costs in your projected profit and loss statement. Make sure to include your business’s expected net profit or loss.

Cash flow statement

The cash flow for the first few years of your operation should be estimated and described in this section. This may include billing invoices, payment receipts, loan payments, and any other cash flow statements.

Balance Sheet

Create a projected balance sheet documenting your blog business’s assets, liabilities, and equity.

Break-even point

Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.

This exercise will help you understand how much revenue you need to generate to sustain or be profitable.

Financing Needs

Calculate costs associated with starting a blog business, and estimate your financing needs and how much capital you need to raise to operate your business. Be specific about your short-term and long-term financing requirements, such as investment capital or loans.

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the blog industry, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your blog business plan should only include relevant and important information supporting your plan’s main content.

This sample blog business plan will provide an idea for writing a successful blog plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our blog business plan pdf .

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Frequently asked questions, why do you need a blog business plan.

A business plan is an essential tool for anyone looking to start or run a successful blog business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your blog company.

How to get funding for your blog business?

There are several ways to get funding for your blog business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought-after startup options.

Apart from all these options, there are small business grants available, check for the same in your location, and you can apply for it.

What is the easiest way to write your blog business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any blog business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business planning software .

How do I write a good market analysis in a blog business plan?

Market analysis is one of the key components of your business plan that requires deep research and a thorough understanding of your industry.

We can categorize the process of writing a good market analysis section into the following steps:

• Stating the objective of your market analysis—e.g., investor funding.
• Industry study—market size, growth potential, market trends, etc.
• Identifying target market—based on user behavior and demographics.
• Analyzing direct and indirect competitors.
• Calculating market share—understanding TAM, SAM, and SOM.
• Knowing regulations and restrictions
• Organizing data and writing the first draft.

Writing a marketing analysis section can be overwhelming, but using ChatGPT for market research can make things easier.

Can a good blog business plan help me secure funding?

Indeed. A well-crafted blog business plan will help your investors better understand your business domain, market trends, strategies, business financials, and growth potential—helping them make better financial decisions.

So, if you have a profitable and investable business, a comprehensive business plan can certainly help you secure your business funding.

About the Author

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

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BLOGGING BUSINESS PLAN: 2023 Template & How to Write

• by Kenechukwu Muoghalu
• August 12, 2023
• No comments
• 7 minute read

Table of Contents Hide

What is a blogging business plan, what is the importance of a blogging business plan, do i need a business plan for my blog, #1. executive summary , #2. market & competitor analysis, #3. brand overview, #4. blog content overview, #5. sales and marketing strategy, #6. financial plan, how do i start a blog and make money, what kind of blog is profitable, how do bloggers get paid, what blog is most popular, how do i get readers to my blog, how much do beginner bloggers make, how much does it cost to start a blog, what type of blogs are in demand, does composing a blogging business plan seems too demanding, final thoughts , is blogging profitable, how is blogging a business, how do i choose a topic for my blog.

It’s certain you already have a killer theme, a super fun blog name, and a few reserved blog posts brimming with passion, but what is starting a blog without owning a blogging business plan? A blogging business plan will guarantee your growth, help you figure out how to navigate any storm and keep you on track. Having a catchy name and snappy content is not enough, and that is why this article will cover all there is to know about your blogging business. With the help of our unique template below, you will also get to create a blogging business plan for yourself. 

If you have limited time to assimilate all the information below, then you can simply get our pre-made blogging business plan here .  

A blogging business plan is a living document that helps you navigate an obstacle and still keeps you on track while working towards your most impactful goals. To make it simpler, one can also define a blogging business plan as a roadmap for your business. 

A plan simply outlines your business and goals and then maps out how you’re going to achieve them. If you can get this luxury easily, then what is keeping you from getting a plan?

Why do you need a business plan? There are tonnes of reasons why you do need one. When you have a plan by your side, it automatically gives you a clear picture of what you want to achieve and helps you create a greater sense of accountability as well. That’s not all. Having a business plan forces you to set clear priorities and shows you some challenges to expect along the way. 

All these factors and benefits of having a business plan are basically what make up a good business and enforce constant growth. Once followed closely, you can never go wrong with a business plan.

As long as you consider your blog as a form of business and a way to earn profits, you need a business plan. In some cases, one can choose to start a blog out of passion, and if this is the case, then you can start without a plan. But when these two factors are involved, then a plan is essential. 

Having known this, let’s look at how you can write your blogging business plan using this banging template below. 

How to Write a Blogging Business Plan

Writing a blogging business plan requires specific strategies and elements that will enable the plan to fulfil its purposes in your business. To write a blogging business plan effectively, you must ensure to follow this template in accordance.

When writing your business plan, you should see your executive summary as the most important section of your plan. It summarises the other sections of your plan and briefs your readers about your blog. In this section, you would also need to include your blog’s name, a brief blog description, and a short description of your blog’s target market. Most readers end up reading this section, so you should make it as clear as possible. 

I mentioned the target market in the previous section. Your target market is the audience that follows and views your blog posts. To be able to analyse who they are and how to reach out to them, you will need to conduct some niche market research . It is only when this research is completed that you will be able to compose this section of your business plan. While on that, you will also have to do some basic research on the top competitors in your blog’s area of expertise and tell your readers how you intend to get ahead of them.

Your brand or company overview simply covers an in-depth history of your blog business. If you have not gone far in your business, not to worry, you can just include the little you have done. A good company overview should include a description of your brand’s personality, what your blog is about, and your blog’s core values and mission. You can also include your blog’s logo, typography, brand colours and taglines.

The content of your blog will greatly determine the quality of your website. So you need to sit down and make a clear analysis of how you want to pull that through. You should add a summary of your content strategy in this section. You will also include the types of content you will be creating, and how you intend to maintain high-quality content. As a blogger, this section should be highly applied in your blog business, your posting frequency should be constant. 

What are your plans when it comes to your marketing plan ? Which marketing methods would you apply to your blog business in order to create more awareness for your brand? These questions are what is required of you in this section. You should tell your readers what your launch and social media strategy should be and how you intend to use an SEO strategy and other related forms of promotion.

Phew, that was a lot already! The last step in creating a solid blogging business plan is to have a strong financial plan . You should consider what it’s going to cost you to get started, and if you are looking for any form of financial assistance, then you should pay attention to this particular section. You can include the cost of basic things you need to start off and how much you will need to make it happen. A proper financial plan should also have an income statement, a cash flow statement and a balance sheet.

Starting a blog is not as easy as it sounds, but to make it happen, you need to start off at the right place. To do this, you have to choose a profitable niche first, have a working blog content strategy, create awareness for your brand, monetize your blog, and always be consistent with all activities.

There are thousands of niches on the internet, but the most profitable blogs are about pets, dating and relationships, self-improvement, beauty treatments, gadgets and technology, personal finance and a host of others. 

Bloggers get paid in many possible ways, from affiliate marketing to getting paid according to the amount of traffic their blogs pull in a month. Occasionally, when a brand sees that a particular blog attracts a large amount of traffic, it will reach out directly to a blogger to place an ad on the blog. From there, a commission is paid to the blogger. 

The most popular blogs on the internet are lifestyle blogs. Lifestyle blogs attract a whole lot of readers. It also consists of a variety of topics ranging from culture, local news, arts, family, and politics. This vast option gives a lifestyle blogger a wide range of topics to cover, and hence they always have content to write about. 

To boost your readership and increase traffic to your blog, you can simply carry out some basic procedures that have proven to be valid in this situation. You can choose to write more, use social media platforms, narrow down your niche, incorporate keywords and links, add sharing buttons that are linked to socials, write catchy titles, and include photos and a host of others. 

A beginner blogger can make up to £3,000-£5,000. This average income can also be increased depending on the amount of traffic their blog attracts. The payment can also be influenced when the blog has multiple monetizing activities. 

When it comes to making an analysis of the amount of cash you are likely to spend when starting a blog, you will find it difficult to make an analysis. On average, a blogger would need a range of £50,000-£200,000 to start up a blog. Then there are also monthly subscriptions that you will need to pay per month. 

The most demanding blogs on the internet are lifestyle blogs, DIY blogs, valuable content, unique selling propositions, affiliate marketing, online stores, pet blogs, Google AdSense and a host of others. 

Not being able to write a blogging business plan yourself, even with the simplified template above, is understandable, especially when you’re a first-timer. But because of the importance of having a business plan, you need to make provisions for it, irrespective of its daunting nature.

If you find yourself in this tight situation, it’s better to opt-in for a professional pre-made blogging business plan . 

Over the years, businessyield consult has solely debuted its time and efforts into creating professional business plans for entrepreneurs. We have so far helped millions of businesses stand on their feet and we are happy to help you too. Get hold of your business plan here and watch your blog grow.

It is one thing to open a blog website, and it’s another to plan what its activities are going to look like. But when a business plan is brought into the spotlight, it makes the journey easier. You should remember that you really do have to use a well-composed blogging business plan like this to experience valid results. More than just a blogging business plan, running a profitable blog also requires a lot of discipline, commitment and consistency. 

Yes, blogging has proven to be one of the most effective ways to make money across the globe. The only thing a blogger needs to do is to pick up a profitable niche idea, be consistent with it and then monetize it with any promotional platform.

Blogging becomes a form of business when the blogger’s real intention is to make a profit from it. If the blogger’s intention is solely out of passion, then it should not be regarded as a form of business. Most bloggers monetize their blogs and hence tag them as their business.

Choosing a topic for what to write for your blog can be daunting, but to make the process easier, you can look at your past content, uncover topics that have generated the most engagement and pick inspiration from there. You can choose a similar topic within the niche and give it your best.

Related Article

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• HOW TO WRITE A BANK BUSINESS PLAN: Simple Steps & All You Need (+ Template)
• CLEANING BUSINESS PLAN: Template & All You Need to Know
• BUSINESS PLAN WRITING SERVICE COST: Best UK Practice In 2023
• 4 MAIN PARTS OF A BUSINESS PLAN: 4 Necessary Business Plan Components

Kenechukwu Muoghalu

Kenny, an accomplished business writer with a decade of experience, excels in translating intricate industry insights into engaging articles. Her passion revolves around distilling the latest trends, offering actionable advice, and nurturing a comprehensive understanding of the business landscape. With a proven track record of delivering insightful content, Kenny is dedicated to empowering her readers with the knowledge needed to thrive in the dynamic and ever-evolving world of business.

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How To Craft Your Blog Business Plan (Template Included!)

If you’re just starting out, chances are that you would want to create a blog business plan for your business.

If you want to create a successful blog + biz, you need a plan. You can’t just launch a website  (although that’s important) and hope that it would work out.

Yes – your blog business plan is your blog’s BLUEPRINT.

But first, if you have not started your blog yet, here’s a step-by-step tutorial on how to start a blog .

You’re back? Great! I will share with you the exact blog business plan template I used… when I first started this blog.

Sounds good?

A blog business plan is great because you get real clear on the direction, goals and vision of your business, leaving no stone unturned. When you organize your thoughts and plans into one central place, it increases the chances of you starting a successful blog .

Clarity = better business!

Without further ado, here are the components of my blog business plan:

You should come up with a brand name. This is the same as your blog name. Don’t need to go over the top – keep it simple. Here’s a tutorial on how to pick a blog name , if you need help.

• Vision & mission of your brand

What’s the vision you have for your blog + business? Why are you doing what you are doing?

• Your brand style

Your branding has to look cohesive. Create a cohesive and attractive brand style. Decide on your brand colors, brand fonts and other aesthetic aspects of your brand. This will be incorporated uniformly across your website, social media platforms, and other collaterals.

• Brand vibes/ values

This is threading into the more intangible part of your brand: What vibe/ values do you want people to associate your brand with?

For instance, for me, its no-nonsense, smart, action-oriented, etc.

2. NICHE & TARGET AUDIENCE

• Target audience

Who are you targeting (specifically) with your website? Why? For more info, there’s a tutorial about defining your target audience on this blog as well.

• Competitors (VERY IMPORTANT)

Who are your competitors? Go scope out the situation. I always tell my 1:1 private clients: You don’t open an offline ice-cream store without checking out the other ice-cream stores down the street, do you?

The same applies to your online biz. One does not simply start a blog without knowing who else is in business.

• Points of difference

This is something I always like to do with all my businesses. How are you different from your competitors?

This could be your experience, your personality, certain things you cover, your brand positioning, better design, better service etc. There’s an article about how to make your brand stand out that could be helpful for you.

• Infrastructure

What host will you be on? What domain name provider will you use? Check out this tutorial on how to start a blog for more information about this.

I highly recommend that you use SiteGround as your host – their support is THE BEST, and my website runs perfectly with them. I have lost count of the number of times that SiteGround has saved me from losing sleep because something on my website messed up.

You also need a website theme – I recommend Divi (very customizable, great for beginners) or Genesis (for the more tech savvy ones).

The best option is my done-for-you website kit made with Divi where you can get an amazing website up by this week… all for a fraction of Divi’s website! Check out  Your Stunning Website 🙂

• Content Planning

What topics will you blog about? Having some idea of what your blog content will consist of. This will save you valuable time later. Make sure it is something that your target audience (that you’ve decided earlier) would want.

Also, how often will you post?

4. EMAIL LIST BUILDING

For my long-term readers you would know that I’m big on email marketing.

If you are new and don’t really know why you need an email list ASAP, check out this post:  Why Building an Email List is a MUST for Your Blog & Business

I highly recommend Convertkit . I love Convertkit so much because it’s just so easy to use, while giving me a ton of functions that my business needs at an affordable price. Click here to check out Convertkit  and get your email list started! Feel free to email me if you’ve any questions about using it.

With that out of the way, some things you need to think about:

• What will you be sending to your subscribers?

For more ideas, you can check out my post about newsletter content ideas  to send and engage your subscribers.

• How often will you send an email out to your subscribers?

Best to get this out of the way and decide once and for all. Once a week is a safe decision.

5. MARKETING: SOCIAL MEDIA

Social media is a huge part of marketing your blog + business for most entrepreneurs.

• Facebook fan page strategy

Chances are you will want to create a Facebook business page. You need a plan for that! Some things you’ll have to decide and plan for include: What will you post on the page (make sure it is interesting to your target audience)? How often will you post on your Facebook page?

• Facebook group

Many people decide to create a Facebook group. You can check out mine here .

You don’t need to have a Facebook group. Feel free to skip this section (or any other section in the social media section, actually). Not every business has to be on every single social media platform.

So… do the same for every other social media platform you want to be on:

What’s your Pinterest strategy , if any?

What’s your Instagram strategy, if any?

What’s your Twitter strategy, if any?

Rinse and repeat for any other social media platform that you intend to use to market your online business . REMEMBER, only write a business plan out for social media platforms that you intend to use. Otherwise, you’re just wasting your time. You don’t need to be everywhere.

6. MARKETING: OTHER STRATEGIES

Here, you plan for any other ways that you intend to market your business.

For instance, you could choose to collaborate with other businesses, or do networking events offline, etc. Whatever it is, be sure to include it in your blog business plan.

How will you be marketing your business via these channels? When will you start? Who will you be working with? Etc. [Tweet “Great post on how to craft your blog business plan, template included!”]

7. MONETIZATION

No money, no business. Simple as that. You can’t run a charity, trust me!

• Financial goals

What’s your income goal that you aim to reach for this blog + business? Make sure that it’s a specific income goal, and have a timeframe for it too.

• How do you intend to monetize?

What are some monetization channels that you intend to use for your blog? For extra help, you may find my post about having an online business model as well as my post about different online business ideas (where I explore different monetization methods) helpful.

Relevant posts:

• Why I Switched To Teachable To Host And Sell My Online Courses
• The Ultimate Guide: How to Become a Successful Infopreneur Online
• How to Create an Online Course in 72 Hours (With Guided Instructions!)
• How to Sell Online Courses 101

10 Highly Effective Tips To Get More Clients Online (From My Personal Experience!)

For me, I do 1:1 coaching (check out how you can work with me here – that’s hands-down the best way you can get success for your blog + biz, as you get personal attention and guidance from a coach that has been there before), courses (I provide step-by-step guidance and give my best tips in my quality courses), and affiliate marketing by recommending helpful blogging tools and resources that you can view  here .

(Update 2021: I no longer do 1:1 coaching. You can check out my programs instead!)

What about you? 🙂

8. ACTION PLAN

Break down what you have to do for your business week by week. I recommend that you have an action plan down for the next 3 months or so.

Having a deadline for certain activities will work wonders for your blog + biz. What will you do each week of your business?

No action, no results! 🙂

That’s all, folks!

I hope that you have found this helpful.

New pin design?

God bless, Raelyn

P.S. Want comprehensive guidance on how you can attract an online audience and get more traffic?

That’s exactly where my signature course, List Building Incubator will help. It’s my step-by-step system to grow & monetize your email list. Check it out here .

A tiny request: If you liked this post, please share this?

I know most people don’t share because they feel that us bloggers don’t need their “tiny” social share. But here’s the truth…

I built this blog piece by piece, one small share at a time, and will continue to do so. So thank you so much for your support, my reader.

A share from you would seriously help a lot with the growth of this blog.

Some great suggestions: –  Pin it!  (I even made a pretty pin for ya!) –  Share it to your favorite blog + biz Facebook group –  Tweet it!

It won’t take more than 10 seconds of your time. The share buttons are right here. 🙂

Thank you so much!

If you enjoyed this post, get updates from me. (it’s FREE)

You’re awesome for staying till the end.  Signup for my newsletter below.

I send email updates about new posts, and tips and tricks to build & monetize your online business.

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How to Build a Detailed Business Plan That Stands Out [Free Template]

Updated: March 29, 2022

Published: March 11, 2022

While starting a company may seem easier now than ever before, entrepreneurs have an uphill battle from the moment they start a business. And without a clear, actionable business plan for selling, marketing, finances, and operations, you're almost destined to face significant challenges.

This is why crafting a business plan is an essential step in the entrepreneurial process.

In this post, we'll walk you through the process of filling out your business plan template, like this free, editable version :

Download a free, editable one-page business plan template.

We know that when looking at a blank page on a laptop screen, the idea of writing your business plan can seem impossible. However, it's a mandatory step to take if you want to turn your business dreams into a reality.

That's why we've crafted a business plan template for you to download and use to build your new company. You can download it here for free . It contains prompts for all of the essential parts of a business plan, all of which are elaborated on, below.

This way, you'll be able to show them how organized and well-thought-out your business idea is, and provide them with answers to whatever questions they may have.

Free Business Plan Template

The essential document for starting a business -- custom built for your needs.

• Outline your idea.
• Pitch to investors.
• Secure funding.
• Get to work!

You're all set!

Click this link to access this resource at any time.

Building a Successful Business Plan

In the next section, we'll cover the components of a business plan , such as an executive summary and company description. But before we get to that, let's talk about key elements that should serve as building blocks for your plan.

For some entrepreneurs, the thought of writing a business plan sounds like a chore — a necessary means to an end. But that's a bad take.

A solid business plan is a blueprint for success . It's key to securing financing, presenting your business, outlining your financial projections, and turning that nugget of a business idea into a reality.

At the core, your business plan should answer two questions: why your business and why now?

Investors want to know why your business is entering the market, i.e. what problem it's solving and how it's different from what's currently out there. They also want to know why now is the right time for your type of product or service.

At a minimum, your plan should:

• Be more realistic than idealistic: Too often, business plans focus too much on how things could be instead of how they are. While having a vision is important, your plan needs to be rooted in research and data.
• Legitimize your business idea : If an idea fails on paper, it's a signal to go back to the drawing board. In doing so, you avoid losing precious time or money chasing an unrealistic idea.
• Position your business for funding: To get your business off the ground, chances are you'll need financial backing. Even with a solid business idea, investors, lenders, and banks still need convincing. An effective business plan will outline how much money you need, where it's going, what targets you will hit, and how you plan to repay any debts.
• Lay the foundation: Investors focus on risk – if anything looks shaky, it could be a dealbreaker. Ideally, your business plan will lay down the foundation for how you'll operate your business — from operational needs to financial projections and goals.
• Communicate your needs: It's nearly impossible to communicate your needs if you don't know what they are first. Of course, a business’ needs are always changing — but your plan should give you a well-rounded view of how your business will work in the short and long term.

So back to the question of why and why now – consider three things:

• Your industry – How does your product or service fit within your industry? Are you targeting a specific niche? Where do you see the industry going in the next five to 10 years?
• Your target audience – Who are you targeting? What challenges are they facing? How will your product or service help them in their daily lives?
• Your unique selling proposition (USP) – What sets you apart from your competitors? Is it your product/service features? Your company values? Price?

Once you know the answers to these questions, you'll be equipped to answer the question: why your business and why now.

How to Build a Business Plan

• Executive Summary
• Company and Business Description
• Product and Services Line
• Market Analysis
• Marketing Plan
• Legal Notes
• Financial Considerations

Featured Resource: Free Business Plan Template

1. cover page.

Your business plan should be prefaced with an eye-catching cover page. This means including a high-resolution image of your company logo, followed by your company's name, address, and phone number.

Since this business plan will likely change hands and be seen by multiple investors, you should also provide your own name, role in the business, and email address on the cover page.

At the bottom of this page, you can also add a confidentiality statement to protect against the disclosure of your business details.

The statement can read as follows: " This document contains confidential and proprietary information created by [your company name]. When receiving this document, you agree to keep its content confidential and may only reproduce and/or share it with express written permission of [your company name] ."

Remember to keep your cover page simple and concise — and save the important details for other sections.

Why it matters: First impressions are everything, and a clean cover page is the first step in the right direction.

Example of a Cover Page

2. Executive Summary

The executive summary of your business plan provides a one- to two-page overview of your business and highlights the most crucial pieces of your plan, such as your short-term and long-term goals.

The executive summary is essentially a boiled-down version of your entire business plan, so remember to keep this section to the point and filled only with essential information.

Typically, this brief section includes:

• A mission statement.
• The company's history and leadership model.
• An overview of competitive advantage(s).
• Financial projections.
• Company goals.
• An ask from potential investors.

Why it matters: The executive summary is known as the make-or-break section of a business plan. It influences whether investors turn the page or not — so effectively summarizing your business and the problem it hopes to solve is a must.

Think of the Summary as a written elevator pitch (with more detail). While your business plan provides the nitty-gritty details, your Summary describes — in a compelling but matter-of-fact language — the highlights of your plan. If it's too vague, complicated, or fuzzy, you may need to scrap it and start again.

Example of an Executive Summary Introduction

"The future looks bright for North Side Chicago, particularly the Rock Hill Neighborhood. A number of high-end commercial and residential developments are well on their way, along with two new condo developments in nearby neighborhoods.

While the completion of these developments will increase the population within the neighborhood and stimulate the economy, the area lacks an upscale restaurant where residents and visitors can enjoy fine food and drink. Jay Street Lounge and Restaurant will provide such a place."

3. Company & Business Description

In this section, provide a more thorough description of what your company is and why it exists.

The bulk of the writing in this section should be about your company's purpose – covering what the business will be selling, identifying the target market, and laying out a path to success.

In this portion of your business plan, you can also elaborate on your company's:

• Mission statement
• Core values
• Team and organizational structure

Why it matters: Investors look for great structures and teams in addition to great ideas. This section gives an overview of your businesses' ethos. It's the perfect opportunity to set your business apart from the competition — such as your team's expertise, your unique work culture, and your competitive advantage.

Example of a Values/Mission Statement

"Jay Street Lounge and Restaurant will be the go-to place for people to get a drink or bite in an elegant, upscale atmosphere. The mission is to be North Side's leading restaurant, with the best tasting food and the highest quality service."

3. Product & Services Line

Here's where you'll cover the makeup of your business's product and/or services line. You should provide each product or service's name, its purpose, and a description of how it works (if appropriate). If you own any patents, copyrights, or trademarks, it's essential to include this info too.

Next, add some color to your sales strategy by outlining your pricing model and mark-up amounts.

If you're selling tangible products, you should also explain production and costs, and how you expect these factors to change as you scale.

Why it matters: This section contains the real meat of your business plan. It sets the stage for the problem you hope to solve, your solution, and how your said solution fits in the market.

There's no one-size-fits-all formula for this section. For instance, one plan may delve into its ability to market in a more cost-effective way than the competition, whereas another plan focuses on its key products and their unique features and benefits.

Regardless of your angle, it's critical to convey how your offerings will differ from the competition.

Example of a Product/Service Offering

"The menu at Jay Street Lounge and Restaurant will focus on Moroccan cuisine. The stars of the menu (our specialties) are the Moroccan dishes, such as eggplant zaalouk, seafood bastilla, tagine, and chickpea stew. For those who enjoy American dishes, there will also be a variety of options, from burger sliders and flatbread pizza to grilled steak and salads.

The food at Jay Street will have premium pricing to match its upscale atmosphere. During the summer months, the restaurant will have extra seating on the patio where clients can enjoy a special summer menu. We will be open on all days of the week."

4. Market Analysis

It helps to reference your market research documentation in this section, like a Porter's Five Forces Analysis or a SWOT Analysis ( templates for those are available here ). You can also include them in your appendix.

If your company already has buyer personas, you should include them here as well. If not, you can create them right now using the Make My Persona Tool .

Why it matters: Having an awesome product is, well, awesome — but it isn't enough. Just as important, there must be a market for it.

This section allows you to dig deeper into your market, which segments you want to target, and why. The "why" here is important, since targeting the right segment is critical for the success and growth of your business.

It's easy to get lost (or overwhelmed) in a sea of endless data. For your business plan, narrow your focus by answering the following questions:

• What is my market? In other words, who are my customers?
• What segments of the market do I want to target?
• What's the size of my target market?
• Is my market likely to grow?
• How can I increase my market share over time?

Example of a Market Analysis

"Jay Street Lounge and Restaurant will target locals who live and work within the Rock Hill Neighborhood and the greater North Side Chicago area. We will also target the tourists who flock to the many tourist attractions and colleges on the North Side.

We will specifically focus on young to middle-aged adults with an income of $40,000 to $80,000 who are looking for an upscale experience. The general demographics of our target market are women between 20 to 50 years old.

A unique and varied Moroccan-American menu, along with our unique upscale atmosphere, differentiates us from competitors in the area. Jay Street will also set itself apart through its commitment to high-quality food, service, design, and atmosphere."

5. Marketing Plan

Unlike the market analysis section, your marketing plan section should be an explanation of the tactical approach to reaching your aforementioned target audience. List your advertising channels, organic marketing methods, messaging, budget, and any relevant promotional tactics.

If your company has a fully fleshed-out marketing plan, you can attach it in the appendix of your business plan. If not, download this free marketing plan template to outline your strategy.

Free Marketing Plan Template

Outline your company's marketing strategy in one simple, coherent plan.

• Pre-Sectioned Template
• Completely Customizable
• Example Prompts
• Professionally Designed

Why it matters: Marketing is what puts your product in front of your customers. It's not just advertising — it's an investment in your business.

Throwing money into random marketing channels is a haphazard approach, which is why it's essential to do the legwork to create a solid marketing plan.

Here's some good news — by this point, you should have a solid understanding of your target market. Now, it's time to determine how you'll reach them.

Example of a Marketing Plan Overview

"Our marketing strategy will focus on three main initiatives:

• Social media marketing. We will grow and expand our Facebook and Instagram following through targeted social media ads.
• Website initiatives. Our website will attract potential visitors by offering updated menus and a calendar of events.
• Promotional events. Jay Street will have one special theme night per week to attract new clients."

6. Sales Plan

It doesn't matter if your sales department is an office full of business development representatives (BDR) or a dozen stores with your products on their shelves.

The point is: All sales plans are different, so you should clearly outline yours here. Common talking points include your:

• Sales team structure, and why this structure was chosen.
• Sales channels.
• Sales tools, software, and resources.
• Prospecting strategy.
• Sales goals and budget.

Like with your marketing plan, it might make sense to attach your completed sales plan to the appendix of your business plan. You can download a template for building your sales plan here .

Why it matters: Among other things, investors are interested in the scalability of your business — which is why growth strategies are a critical part of your business plan.

Your sales plan should describe your plan to attract customers, retain them (if applicable), and, ultimately, grow your business. Be sure to outline what you plan to do given your existing resources and what results you expect from your work.

Example of a Sales Plan Overview

"The most important goal is to ensure financial success for Jay Street Lounge and Restaurant. We believe we can achieve this by offering excellent food, entertainment, and service to our clients.

We are not a low-cost dining option in the area. Instead, the food will have premium pricing to match its upscale feel. The strategy is to give Jay Street a perception of elegance through its food, entertainment, and excellent service."

7. Legal Notes

Your investors may want to know the legal structure of your business, as that could directly impact the risk of their investments. For example, if you're looking for business partners to engage in a non-corporation or LLC partnership, this means they could be on the line for more than their actual investment.

Because this clarification is often needed, explain if you are and/or plan to become a sole proprietor, partnership, corporation, LLC, or other.

You should also outline the steps you have taken (or will need to take) to operate legally. This includes licenses, permits, registrations, and insurance.

The last thing your investor wants to hear after they've sent you a big chunk of change is that you're operating without proper approval from the local, state, or federal government.

Why it matters: The last thing your investor wants to hear after they've sent you a big chunk of change is that you're operating without proper approval from the local, state, or federal government.

Example of Legal Notes

"Jay Street Lounge and Restaurant is up-to-date on all restaurant licenses and health permits. Our business name and logo are registered trademarks, presenting the possibility of expanding locally."

8. Financial Considerations

Ultimately, investors want to know two things:

• When they will earn their money back.
• When they will start seeing returns on their initial investment.

That said, be clear, calculated, and convincing in this section. It should cover:

• Startup costs.
• Sales forecasts for the next several months/quarters.
• Break-even analysis for time and dollars.
• Projected profit and loss (P&L) statement.

Facts and figures are key here, so be as specific as possible with each line item and projection. In addition, explain the "why" behind each of these sections.

However, keep in mind that information overload is a risk, especially when it comes to data. So, if you have pages upon pages of charts and spreadsheets for this section, distill them into a page or two and include the rest of the sheets in the appendix. This section should only focus on key data points.

Why it matters: One of the most important aspects of becoming "investor ready" is knowing your numbers. More importantly, you need to understand how those numbers will enhance your business.

While it's easy to write a number down on paper, it's more important to understand (and communicate) why you need capital, where it's going, and that your evaluation makes sense.

Example of Financial Projections

"Based on our knowledge and experience in the restaurant industry, we have come up with projections for the business.

Starting with an expenditure of $400,000 in year 1, we forecast sales of $1,500,000 and $2,800,000 for years two and three. We expect to achieve a net profit of 15% by year three."

9. Appendix

A detailed and well-developed business plan can range anywhere from 20 to 50 pages, with some even reaching upward of 80.

In many cases, the appendix is the longest section. Why? Because it includes the supportive materials mentioned in previous sections. To avoid disrupting the flow of the business plan with visuals, charts, and spreadsheets, business owners usually add them in the last section, i.e. the appendix.

Aside from what we've already mentioned – marketing plan, sales plan, department budgets, financial documents – you may also want to attach the following in the appendix:

• Marketing materials
• Market research data
• Licensing documentation
• Branding assets
• Floor plans for your location
• Mockups of your product
• Renderings of your office space or location design

Adding these pieces to the appendix enriches the reader's understanding of your business and proves you've put the work into your business plan without distracting from the main points throughout the plan.

Why it matters: An appendix helps the reader do their due diligence. It contains everything they need to support your business plan.

Keep in mind, however, that an appendix is typically necessary only if you're seeking financing or looking to attract business partners.

Use a Business Plan Template to Get Started

Writing a business plan shouldn't be an insurmountable roadblock to starting a business. Unfortunately, for all too many, it is.

That's why we recommend using our free business plan template. Pre-filled with detailed section prompts for all of the topics in this blog post, we're confident this template will get your business plan started in the right direction.

Editor's note: This post was originally published in June 2017 and has been updated for comprehensiveness.

Don't forget to share this post!

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2 Essential Templates For Starting Your Business

Marketing software that helps you drive revenue, save time and resources, and measure and optimize your investments — all on one easy-to-use platform

Free Download

Business Plan Template for Small Businesses

Business planning can feel complicated. it doesn't have to be. start putting pen to paper today with your free business plan template download..

Available formats:

Downloads: 936,812

Our free template includes:

• Fill-in-the-blanks simplicity

You don't need to be an expert. This template makes business planning easy.

All 100% free. We're here to help you succeed in business, no strings attached.

Why you need a business plan

Writing a business plan can seem like a big task, especially if you’re starting a business for the first time and don’t have a financial background. After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago.

What hasn’t changed is that writing a business plan will help you:

• Develop a strategy for success
• Reduce the risk of starting a business
• Explore new business ideas
• Attract investors and get funding

Learn more about how you can get value out of your business plan .

What is included in this business plan template?

This template includes definitions, guidance, and examples for every business plan component needed to start, fund, and grow your business.

After downloading the full template, you’ll receive instructions on how to fill out each of the following sections.

Executive summary

The brief summary of your business plan introduces everyone to your business, the problem you solve, and what you’re asking from your readers. It’s the first chapter of your business plan and the last thing you write once you have the details from your full plan.

Problem & solution

More than a simple description of your products and services – here you define the problem you’re solving and the value you provide. It’s also your chance to showcase any initial traction that shows you’re on the right track.

Market analysis and target market

A detailed assessment of the market you intend to enter, including the size and value of the market, potential customer segments, and their buying patterns.

Competition

Show that you know who your competitors are, what advantages you have, and how you’re positioning your business to be competitive.

Marketing & sales

Describe how you’ll reach and sell to potential customers with a detailed sales plan and chosen marketing channels.

What makes your business run? Outline the day-to-day workflows and what needs to be set up for your business to deliver a product or service.

Milestones & metrics

Set goals for your business that include the dates and people responsible for accomplishing them. This is what you’ll use to manage responsibilities, track growth, and execute your larger strategy.

Company overview and team

Provide a brief rundown of the legal and structural components of your company, including your history, current team, and gaps you need to fill.

Financial plan

Create well-structured and accurate financial statements to help you pitch to investors, land funding, and achieve long-term success. All without the help of a financial advisor or a degree in accounting.

While not required, this last section of your business plan is a great place to drop in additional documents that support and strengthen the rest of your plan.

How do you write a simple business plan?

If you’re exploring a business idea and don’t plan to pursue funding, then you actually don’t need to write a traditional business plan. Instead, opt for a one-page plan , which is far easier to create but just as effective.

To write a simple one-page business plan, follow the same core sections as a traditional plan. But instead of lengthy paragraphs and multiple pages covering each area of your business, stick with single sentences and bulleted lists.

If a one-page plan sounds like a better option, download our free simple business plan template to get started.

Start your business plan today

Whether you're writing a business plan to validate your business idea, secure funding, or grow your existing business – our template will help you achieve your goals.

Business plan template FAQ

What file formats are available for this business plan template?

You can download and use this business plan template as a Google Doc, .docx (Microsoft Word), or PDF.

Can you print out this template?

This is a printable business plan template that can be downloaded and printed no matter which format you choose.

Why should you start with a business plan template?

Starting with a good business plan template (like this one) includes everything you need to get started. It helps you organize your thoughts, and provides guidance, instructions, and examples to create an investor-ready and SBA-approved business plan format. It really speeds up the planning process. Oh, and it's 100% free!

Is writing a business plan easy?

Using a business plan template can make writing a business plan easier. Additionally, if you focus on just getting your information down quickly, with the expectation that you'll revisit and revise your plan, you can speed up and simplify the process .

Can someone write your business plan for you?

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What is a Marketing Plan?

What is a marketing plan template, use workamajig’s free marketing plan templates, how to write a marketing plan that works, build & execute your marketing plan with workamajig, browse more blogs.

As the famous Benjamin Franklin quote says, “If you fail to plan, you are planning to fail.” This rings especially true in highly competitive industries, and even more so with the rise of social media and the vast array of options for selling products and services.

It can be easy to get lost among all the options available, which means you need a framework for quickly and successfully launching and supporting your brand, product, or service in the market.

This is where a marketing plan comes in.

A marketing plan outlines a company’s overall marketing strategy, including the research and data that support it. Key information that comprise a marketing plan include:

• Company information : highlighting its relevance to the strategy in place
• Company, market, and competitor research: isolating and informing high-value marketing opportunities
• Concrete marketing plans: outlining goals, activities, and resources for enabling success

Marketing plans are typically laid out over a year but can change depending on the team’s objectives—the more frequently you need to create one, the more valuable it becomes to do it efficiently. This is where a marketing plan template comes in handy.

A marketing plan template is a tool used to build a comprehensive marketing strategy. It mainly eliminates the manual work of identifying and structuring the key information we outlined above. This allows you to focus on the actual task of building your marketing strategy, from setting goals and conducting research to identifying activities and resources essential to your campaigns. Our template is designed to cover these essentials while also leaving room for you to tailor content and sections to your specific needs.

Why Are These Important?

Alignment and efficiency are the overarching themes when creating a marketing plan and building an easy marketing plan template. For starters, a marketing plan helps establish a clear set of goals and objectives, which allows teams to optimize their efforts toward the same outcome. It also qualifies as an effective risk management tool when done right by clearly outlining stakeholders and their responsibilities for minimal overlap, as well as budget allocations and projections to ensure that planned activities are equipped to succeed.

When you create a marketing template, you achieve even more efficiency. This allows for more seamless creation of new marketing plans to fit new requirements and continuous learning from using and evaluating an established format.

The difference between a marketing plan and an effective one is subtle yet critical to your success. A basic marketing plan template should be:

•   Simple: by following a straightforward approach, using terms and a structure that’s easy to digest, both for the one creating it as well as those reading it,
• Interesting: with expertly designed layouts or formats that synergize well with the outline/structure and
• Versatile: allowing you to freely and easily add, remove, or rearrange sections and information to make sense of your strategy.

Below, we’ve created two free marketing plan templates that are designed around the above principles.

The Google Slides template is designed for more flexible layouts and more images.

The Google Docs template offers a more straightforward approach.

To begin using either template, click the matching link above and select File > Make a copy.

While you’re free to start populating the template however you like, there are ways to optimize this activity further. Below, we’ve reorganized the various sections in our template so you can populate them in an order that makes sense; these are grouped into five phases: Introduction, Research, two Strategy phases, and Polish. By following this section like a step-by-step guide, you would prioritize sections that inform other parts of the document so that you can complete each part almost in one go.

Introduction

First, fill in your Title Page before navigating to the Company Overview. This is like the ‘About Us’ section of a website and will help stakeholders learn about your business by filling in the following:

• Your Company Name
• Where your company is located (Headquarters)
• Your market category and a summary of the products or services you provide (Category, Products & Services)
• Your Mission Statement

It’s important to create a mission statement if you don’t have one yet—this gives both you and your audience a vivid impression of what your company is about and what it’s trying to achieve, which would be an important piece to understanding why your whole marketing plan can be expected to work. Your goal here is to write a mission statement that is clear and easy to understand.

An option to include information about your team or other specific individuals within the company is included. This would make sense if a specific group of individuals in your company is involved; the alternative implies that the plan may involve efforts from across the entire organization.

After wrapping up your introductory sections, it’s time to collect data to inform your marketing strategy. In this phase, we’ll be looking at your company, your customers, and your competitors and using that to identify your ideal client.

Start with the SWOT Analysis. This stands for Strengths, Weaknesses, Opportunities, and Threats. Here is a quick rundown and some guide questions for identifying each section:

• Strengths refer to internal advantages that your company might have over your competition. For example, do you have a strong brand reputation? Do you have a tried-and-tested pipeline and track record for launching successful marketing campaigns? Do you have a sizable budget? How about highly skilled employees?
• Weaknesses outline the opposite—these are factors that might put you at a disadvantage against competitors. These are often related to either a limited budget or a lack of skills or experience.
• Opportunities serve to highlight external factors that you might be able to use to your advantage. Consider this: are there relevant changes to market trends or consumer behavior? Have new market segments emerged? Are there new business models you can utilize in your strategy?
• Threats, on the other hand, are external factors that could negatively affect your business. Look into the following: Have new competitors emerged, or have existing competitors experienced substantial growth or change? Has the economy taken a turn for the worse? Are your customers’ preferences seemingly changing? Are there notable changes in technology or the environment to worry about?

Next, move to Customer Analysis. This is the process of evaluating and understanding different aspects of your consumer base, including their preferences and habits. This is fundamental to your overall strategy, as customer satisfaction almost always directly correlates to greater returns. A customer analysis is mainly broken down into demographics, which relate to their biological, educational, professional, and marital information, and psychographics, which relate to their behaviors, thought processes, and preferences. This also includes exploring various external factors that might influence their purchasing decisions, such as events and the offerings of competitors.

Once that’s finished, navigate to your Competitor Analysis section. This is the process of analyzing competitors who offer similar products or services or operate within the same industry or market as your company. This includes inspecting their overall strategy, including branding, operations, and promotion, identifying strengths and what resonates with their market or yours, and looking into areas where they might be lacking. This helps inform opportunities for your plan to stand out and succeed.

Finally, you can jump back to the Buyer Persona. A buyer persona is a detailed description of your target audience or customer built on the market research you conducted above; this includes existing data on your customers—this would include demographic information, motivations, and behavior, among other details. This helps businesses build a deeper understanding of their audience and is used to anchor marketing, sales, communication, and product development strategies to satisfy a given persona’s needs and preferences. Creating an effective buyer persona now will help build strategy for meaningful engagement.

Strategy-Building (Part 1)

Completing the previous sections should result in a clear picture of your position in the market. You can now use that to build the marketing plan's meat thoroughly. For starters, you will want to find the Goals section—our guide on SMART goals has everything we believe you will need to fill in this part of the plan.

Next, we will be tackling the Marketing Mix in two parts.

Product. In this section, discuss the products and/or services you intend to release or market as part of this strategy. This means outlining various features, design elements, or variants that will be available to customers.

Pricing. This is where you’ll be outlining amounts—how much will each of the products you included previously cost? When determining these, it’s critical that you consider your buyer persona, as well as competitor pricing and any promotions or discounts that might be part of your strategy. This will further increase your products’ perceived value among customers, especially your target market. Tables are a great formatting tool here; you can also link to an external spreadsheet, where you have more room to create a detailed pricing scheme.

Place. This section discusses how you would make products or services available to customers. It includes the method by which sales are generated (e.g., retail, online, direct), as well as strategies for storing, housing, and distributing inventory. Your main consideration here is making sure that your products and services are as convenient and efficient to access as possible in order to sufficiently meet customer demand.

The second part of the marketing mix covers both the Promotion and Marketing Channels sections. This is done so you can cross-reference between the two sections, ensuring that they are updated to synergize with one another.

The Promotion section primarily focuses on how you will help customers understand the value of your products and services, including tools and techniques for providing support across the customer journey (before, during, and after a sale.) A critical consideration here is ensuring the methods align with your goals while respecting your brand identity.

Marketing Channels then focus on the what or where of your promotion plan, which is typically broken down into traditional, digital, retail, and event marketing channels. Building this section relies heaviest on your buyer persona and the specific products and services you’re looking to promote—understanding where you can best reach your existing market or attract new eyes is important here.

Working on these sections first allows you to transition seamlessly to your Unique Value Proposition. Use this section to talk about how or why your products/services are a better choice than the competition. Your customer and competitor analysis would feed a lot of information here.

Strategy-Building (Part 2)

The second phase of your strategy will move between the template's Performance Management and Budget sections.

Under Performance Management , it’s time to identify your Key Metrics. Also known as key performance indicators (KPI) are quantifiable measures that determine your campaign or strategy’s progress or success. To assist with this, look back at your Goals section to see what factors can be represented by numbers and data—for some of these, you may need to derive them from computations of other factors. Common key metrics include total conversions, conversion rate, click-through rate, and social media engagements.

At this point, you can freely work on two sections simultaneously: Monitoring & Evaluation Methods and  Projected Expenses.

Monitoring & Evaluation Methods answers the question of how you will collect the metrics listed. Include relevant tools and data collection methods to be used here.

Projected Expenses refer to an itemized list of unique costs required to execute the strategy. This includes hardware and software needs, resources needed to run online or in-person events and promotions, travel and other logistics, and even compensation for in-house or outsourced manpower. A table is a great way to format information here.

Once all of that is ready, you can begin working on Projected Returns . In this section, you want to outline how this strategy is expected to generate value beyond just the immediate sale of whatever products or services are being offered and how much each of these sources is expected to contribute. From here, you can define your expected return on investment (ROI) by subtracting the total earnings from the costs in your Projected Expenses section.

You will notice that only one section remains—jump back to the early part of the template to work on your Executive Summary. This section combines all of the sections into a big-picture pitch. Your highest priorities here are summarizing your Goals, Marketing Mix, Unique Value Proposition, and Projected Returns sections.

Now that you’ve filled in all template sections double-check everything for errors or omissions.

A marketing plan serves as the blueprint for your success over time. A marketing plan template ensures that you can quickly and expertly craft a strategy while allowing for continuous improvement.

With Workamajig, the premier agency management software , you have an all-in-one solution for planning, organizing, and delegating these efforts and easily transitioning between the phases of every project. Easily adjust your schedule or modify task requirements and assignees to ensure efficiency, and use native reporting tools to measure your progress and identify and address roadblocks along the way.

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How to Write a Property Management Business Plan (Free Template)

If you’re looking to start a property management business, you’ve come to the right place. The success of property management companies—or any companies, for that matter—absolutely depends on first creating a well-researched and thorough business plan .

Luckily, this guide aims to help you do just that. First, we’ll explain what a property management business plan encompasses, why you need one, and tips for going about it the right way. Then, we’ll walk you through the recommended business plan outline step-by-step and share details of what to include in each section.

Finally, we’ll send you off with a free template you can download and update with your business’s own information. Creating a business plan was never so easy!

Let’s dive in.

Don’t see the form to download our free property management business plan template? Click here .

What is a property management business plan?

A property management business plan is a document that summarizes your property management business: its current operations, goals for the future, strategies for achieving those goals, and other supporting details.

While you’ll want to create your business plan before launching your businesses, it’s not a one-and-done document. Instead, you should update it yearly and after major company and industry changes.

Why do you need a property management company business plan?

Whether you’re looking to start a new property management company or grow your existing one, you’re probably eager to get started. But while it can feel productive to hit the ground running, a business plan is crucial to drive your strategy and decision-making . It will serve as a roadmap you can refer back to as you get started and grow your business.

Moreover, business plans are also crucial as tools to help sell your property management agency to potential partners, investors, and banks . There’s no point in asking for their support if you can’t show you know what you’re doing, and business plans are one of the best ways to do that.

Finally, beyond mere financial gains, a thorough property management business plan enables you to measure your success accurately and pinpoint areas for improvement . It empowers you to zero in on critical indicators like your budget, local market insights, and expansion opportunities.

How do you write a property management business plan?

Do your research first.

It’s easy to spot the differences between a well-researched business plan and one that was written haphazardly. And those differences will be just as easy to mark in the results your business sees once it’s up and running.

Tailor it to your type of property management business

Chances are, you’re going to start your business plan from a standard template. There’s nothing wrong with that. In fact, it’s recommended, and we provide a free property management business plan template at the end of this article, if you’re still looking for one.

However, as you fill in your information, be sure to tailor your plan to your specific business. For example, what type of properties does your business manage? Common types of property management include:

• Residential rental property management , including both single-family and multifamily residences
• HOA property management , which typically involves working directly with homeowners’ associations
• Commercial property management , including office, retail, and industrial buildings
• Vacation rental property management , involving managing vacation rentals such as Airbnbs for their owners

Remember your goals

You might wonder whether you really need to include this much detail in your business plan, but remember what you’re hoping to achieve. And we don’t just mean a successful property management agency, but the specific things you’ll use your business plan for.

For example, if you’re hoping to find a partner for your business, your prospects will certainly appreciate a high level of detail in your operations plan. Similarly, potential investors will want to see solid financials.

Use a property management business plan template

Finally, don’t make it harder for yourself than you have to! You’re already going to have to do a significant amount of research, calculations, and brainstorming. Make it easier for yourself by starting with a template you can input specifics to, like the one pictured below:

Don’t have a template already? Scroll to the bottom of the article to download ours!

What is the outline of a property management plan?

Business plans, whether for property management or other industries, tend to follow this standard format:

Executive summary

Company overview, market analysis, marketing plan, operations plan, management team, financial plan, growth opportunities.

Keep reading for more information on what to include in each section. Or scroll to the bottom of the page to download our business plan template for property management and get started.

What to include in a business plan for property management

Your business plan should begin with an executive summary. This section serves as an introduction to both your business plan and your business , and should include information such as:

• The type of property management you plan to do
• How far along your business is
• Your target market
• Your strategy for achieving these goals

Depending on how thorough you want to be, you could even include a brief overview of every section of your business plan. Your goal should be to give a snapshot of your business that compels your readers—whether they be potential partners, investors, or banks—to finish reading your plan.

Pro tip: Because your executive summary needs to sum up your overall business plan, it’s often easiest to write it last. That way, you’ll have all the details ironed out and won’t forget to include anything.

In this section, you’ll give an overview and analysis of your property management company itself.

To start, explain how your company got started and which of the property management niches we explained above you fit into. You’ll also want to share your legal business structure (for example, sole proprietorship, LLC, C corporation, or S corporation).

The majority of this section, however, should be devoted to your competitive differentiators. What core competencies are you bringing to the market?

A market analysis isn’t only an important addition to your business plan. It’s also absolutely essential that you understand your market inside and out before you even consider launching a property management agency.

To be as thorough as possible, make sure that your market analysis includes specific analyses of your industry, target customers, and competitors.

Industry analysis

Provide an overview of your specific niche of the property management industry. Include as much detail as you can to help you become an expert in your industry, such as:

• Market size (in dollars)
• History of the industry
• Prospected growth

Customer analysis

Who are your target customers? Start with your property management niche, and then get even more specific:

• Residential rental property management → Will you target single-family or multifamily residences? Apartment buildings or individual homes? Affordable housing or high-end residences?
• HOA property management → Do you have specific HOAs in mind?
• Commercial property management → Will you manage office, retail, or industrial buildings?
• Vacation rental property management → Do you want to work with a specific type of vacation rental property or owner?

Be sure to include your target customers’ specific needs, goals, and any other information you can find to build a robust profile. The more detailed you can be, the easier it will be to target them with your services!

Competitive analysis

This is where you analyze your competitors, both direct and indirect:

• Your direct competitors include other property management companies in the same niche as you. These companies will likely be located nearby as well.
• Your indirect competitors include other options your customers have outside of property management agencies. This might include property owners who decide to manage their properties themselves, in-house managers, and even automated tools that claim to take the place of property managers.

After identifying the competition, you’ll want to provide additional information about your direct competitors. Who are their target customers? What services do they offer, and how much do they charge?

Gather as much information as you can, and then perform a SWOT (strengths, weakness, opportunities, and threats) analysis to identify potential competitive advantages. Your goal is to determine how you’ll outperform your competitors—whether via superior or additional services, lower prices, greater efficiency, or something else.

Remember: If you can’t identify any clear competitive advantages, your customers won’t be able to, either.

So, you have superior property management services at competitive rates. But how do you plan on getting in front of your target customers?

This is where your marketing plan comes in. Think about what marketing channels you’ll use, prioritizing those which will best reach your target customers. Consider both online and offline marketing, including the following options:

• Business cards
• Advertising in local newspapers and relevant magazines
• SEO marketing
• Email marketing
• Social media marketing
• Paid advertising

Creating your business plan has forced you to set some specific goals. How do you plan on meeting them?

This is exactly what your operations plan sets out to cover, with details on both short- and long-term processes.

Your short-term processes will include everything involved in the day-to-day running of your property management business . Again, these tasks will vary drastically depending on your property management niche. However, the following questions are a good starting point:

• Who will be in charge of running the business?
• Do you need to hire any additional staff? If so, how many people and for which roles?
• How will you structure your team?
• What are your service standards?
• Which manuals will you need to develop?
• What property management software will you use?

Once you’ve defined your daily operations, take a step back and think long-term. At any point in your business’s trajectory, do you plan to:

• Hire additional employees?
• Reach a certain sales figure?
• Grow your portfolio?
• Expand to a new location?

Having these long-term goals documented will not only show potential partners and investors that you’re thinking about the future. It will also give you something to refer back to in order to measure your progress.

Your property management business will only be as strong as the team leading it. So, once you’ve assembled the dream team, you’ll want to highlight its strengths in your business plan, paying specific attention to each member’s background, skills, and relevant experience.

If no one on your management team has property management or real estate experience, or your team is lacking in any way, it might be worthwhile to put together an advisory board. This board consists of a handful of mentors who have the experience necessary to guide your business in the right direction (and reassure any potential investors).

And now for everyone’s favorite part: the financial plan.

Specifically, your financial plan should consist of a five-year financial statement. The first year of your financial statement should include monthly and quarterly projections, with the remaining years including annual figures.

What goes in a financial statement? Let’s break it down:

• Profit and loss statement: Also referred to as an income statement, a profit and loss statement subtracts your costs from your revenue to find your profit. As you can imagine, you’re going to be making a lot of calculated assumptions at this point. Try to be as accurate as possible when predicting your costs and revenue. Otherwise, your profit and loss statement won’t paint a very accurate picture.
• Balance sheet: A balance sheet details your business’s assets (what you own) and liabilities (what you owe) in order to provide a snapshot of its finances. Your assets might include office space or software solutions, whereas liabilities would include any loans you’ve taken out to start your business.
• Cash flow statement: A cash flow statement shows how changes in your income and balance sheet affect your cash flow—and your ability to operate in the short- and long-term. Its goal is to show how much money you need to run your business so that you don’t run out of cash.

If you’re just getting started, it may feel too soon to consider growth opportunities. But thinking about your business’s long-term goals and plans is essential to set yourself up for success. After all, you don’t only want to succeed now. You want to make sure you have what’s necessary to succeed for years to come.

On that note, analyze the property management and real estate market in your area to identify growth opportunities for your business over the next five to 10 years, such as:

• Upgrades to your tech stack
• Strategic partnerships
• Expansion plans
• Opportunities to take advantage of new market trends

If you have any supporting documentation that could strengthen your business plan, such as buyer personas for your target customers or more complete financial projections, feel free to attach them in the appendix. That way, the additional information is there for anyone who wants to see it, but it doesn’t clutter up your business plan.

Property management business plan example

Curious about what a business plan for property management looks like? We’re including a property management business plan sample (the company overview, specifically) below to give you an idea:

Want a customizable version? Scroll to the bottom of the article to download our free template!

Download our free property management business plan template

Ready to get started? We’re here to help!

Download our free template below and simply fill in your own information. Our straightforward guide includes all the details you need to cover before starting your new business.

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Real Estate Agency Business Plan PDF Example

• May 7, 2024
• Business Plan

Creating a comprehensive business plan is crucial for launching and running a successful real estate agency. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your real estate agency’s identity, navigate the competitive market, and secure funding for growth.

This article not only breaks down the critical components of a real estate agency business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the real estate industry, this guide, complete with a business plan example, lays the groundwork for turning your real estate agency concept into reality. Let’s dive in!

Our real estate agency business plan covers all essential aspects necessary for a comprehensive strategy. It details operations, marketing strategy , market environment, competitors, management team, and financial forecasts.

• Executive Summary : Provides an overview of the real estate agency’s business concept, market analysis , management, and financial strategy.
• Real Estate Brokerage Services & Fees: Describes the brokerage services including property sales and acquisitions, along with a fee structure.
• Property Management Services & Fees: Outlines property management services offered and their respective fees.
• Key Stats : Offers data on industry size , growth trends, and market positioning.
• Key Trends: Highlights significant trends impacting the industry, such as digital transformation and changing buyer preferences.
• Key Competitors : Analyzes primary competitors and differentiates the agency from these competitors.
• SWOT : Analyzes strengths, weaknesses, opportunities, and threats.
• Marketing Plan : Outlines tactics for attracting new clients and maintaining relationships.
• Timeline : Sets out key milestones from inception through the first year of operations.
• Management: Information on the management team and their roles within the agency.
• Financial Plan: Projects the agency’s financial performance over the next five years, detailing revenue, profits, and anticipated expenses.

Real Estate Agency Business Plan

Fully editable 30+ slides Powerpoint presentation business plan template.

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The Executive Summary introduces your real estate agency’s business plan, offering a concise overview of your agency and its services. This section outlines your market positioning, the variety of real estate services offered—including property sales, rentals, and property management—its location, size, and a description of day-to-day operations.

This section should also discuss how your real estate agency will integrate into the local market, including the number of direct competitors within the area, identifying who they are, along with your agency’s unique selling points that differentiate it from these competitors.

Additionally, you should include information about the management and co-founding team, detailing their roles and contributions to the agency’s success. Furthermore, a summary of your financial projections, including revenue and profits over the next five years, should be presented here to provide a clear picture of your agency’s financial plan.

Make sure to cover here _ Business Overview _ Market Overview _ Management Team _ Financial Plan

Dive deeper into Executive Summary

Business Overview

For a Real Estate Agency, the Business Overview section can be concisely divided into 2 main slides:

Real Estate Brokerage Services & Fees

Briefly describe the agency’s professional and welcoming office environment and its conveniently located premises near major residential and commercial areas, which enhances accessibility and client traffic. Detail the range of real estate brokerage services including buying, selling, and leasing properties, and discuss the agency’s fee structure, which is typically based on a percentage of the property sale or lease price, reflecting the high quality of service and market alignment.

Property Management Services & Fees

Describe the comprehensive property management services offered that cover tenant screening, rent collection, maintenance, and financial reporting. The pricing for these services is usually based on a percentage of monthly rental income or a flat monthly fee, with potential additional charges for special services like emergency maintenance or tenant placement, ensuring landlords a hassle-free ownership experience.

Make sure to cover here _ Real Estate Brokerage Services & Fees _ Property Management Services & Fees

Market Overview

Industry size & growth.

In the Market Overview of your real estate agency business plan, start by examining the size of the real estate industry and its growth potential. This analysis is crucial for understanding the market’s scope and identifying expansion opportunities.

Key Market Trends

Proceed to discuss recent market trends , such as the increasing consumer interest in sustainable and eco-friendly properties, the growing demand for smart homes equipped with the latest technology, and the rising popularity of urban living spaces among millennials and young professionals. For example, highlight the demand for properties that cater to specific lifestyle needs, alongside the rising preference for locations with comprehensive amenities and green spaces.

Key Competitors

Then, consider the competitive landscape, which includes a range of agencies from large national firms to local boutiques, as well as online real estate platforms. For example, emphasize what makes your agency distinctive, whether it’s through exceptional customer service, a unique range of property management services, or specialization in certain types of properties such as luxury homes or commercial real estate. This section will help articulate the demand for real estate services, the competitive environment, and how your agency is positioned to thrive within this dynamic market.

Make sure to cover here _ Industry size & growth _ Key competitors _ Key market trends

Dive deeper into Key competitors

First, conduct a SWOT analysis for the real estate agency , highlighting Strengths (such as experienced realtors and a diverse property portfolio), Weaknesses (including high agent turnover or reliance on local market conditions), Opportunities (for example, the growing demand for rental properties or the potential for tapping into luxury real estate markets), and Threats (such as fluctuations in real estate prices or new housing regulations that may impact operations).

Marketing Plan

Next, develop a marketing strategy that outlines how to attract and retain clients through targeted advertising, promotional events like open houses, an engaging online presence, and community involvement. This strategy should also incorporate using social media platforms to showcase properties and share customer testimonials, enhancing the agency’s visibility and client engagement.

Finally, create a detailed timeline that outlines critical milestones for the real estate agency’s launch, marketing initiatives, client acquisition, and expansion goals. This timeline should ensure that the business moves forward with clear direction and purpose, setting specific objectives for brand establishment, market penetration, and long-term growth.

Make sure to cover here _ SWOT _ Marketing Plan _ Timeline

Dive deeper into SWOT

Dive deeper into Marketing Plan

The Management section focuses on the real estate agency’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the real estate agency toward its financial and operational goals.

For your real estate agency business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.

Financial Plan

The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your real estate agency’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your real estate agency business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

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Minimizing Downtime With a Comprehensive Disaster Recovery Plan Checklist

Preparing for recovery starts long before a disaster occurs. Use this checklist to help plan ahead to minimize disruptions and downtime from any business disaster.

• Checklist Infographic

13-Step Disaster Recovery Plan Checklist

When a disaster strikes—whether it’s a crippling ransomware event or a destructive natural disaster—a smooth recovery process is critical to getting back on your feet. But that recovery doesn’t simply unfold as soon as the storm recedes. Rapid operational recovery starts with planning long before the disaster even occurs.

Before Hurricane Michael hit Panama City in 2018, Coca-Cola Bottling Company UNITED, Inc., thought they were thoroughly prepared for the storm and recovery. “We have a really extensive hurricane preparedness plan across all of our coastal locations,” explains Gianetta Jones, Vice President & Chief People Officer. But the Category 5 storm caused severe damage to cell phone infrastructure that the Coca-Cola team was not ready for. Gianetta told us on The Employee Safety Podcast , “We had to pivot and purchased several very expensive satellite phones for our operators that were local to be able to communicate with us at the corporate office.”

Flexibility is necessary in disaster recovery, as disasters hardly follow a predictable plan. But the right preparation can make it possible to adapt and maximize your time and resources through recovery. A comprehensive disaster recovery plan is not just a “good-to-have” safety net; it serves as a roadmap for resuming operations efficiently and effectively, minimizing the impact on your business and clients. And a great way to get started on your disaster recovery planning process (or to review and reassess your standing plan) is with a disaster recovery plan checklist.

Whether you’re facing natural calamities, cyberattacks, or technological failures, this checklist will guide you through establishing robust protocols to protect your assets, data, and your operational continuity.

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1. Assess the risks and impacts

Conduct a thorough risk assessment to identify potential disasters and emergencies and look for vulnerabilities. Then, perform a detailed business impact analysis to understand the potential impact of disasters on your business operations. These assessments will help you determine what disasters you must prepare for and what recovery might be necessary.

2. Coordinate with departments and identify stakeholders

Engage all internal departments to gather input and ensure comprehensive coverage. In particular, you’ll want to work with teams involved in emergency preparedness, IT, business continuity, security, and any other function that may be impacted by the event. Additionally, determine any stakeholders, internal and external, crucial to the recovery processes.

3. Review past emergencies

Analyze any previous incidents your organization has been through to learn from past emergencies and refine your current planning efforts. You can also look at organizations similar in size and industry to understand how they have experienced disasters.

4. Assemble the leadership team

The disaster recovery team members will be dedicated to managing the disaster recovery process, though not necessarily executing the entire disaster recovery plan themselves. They will serve as important leaders and decision-makers throughout the process.

5. Document systems and processes

Thoroughly record all critical business systems and processes. This might include software applications, physical items in your facility, digital systems, on-site and off-site resources, or processes vital to your operations. If it is something that a disaster might impact, it should be considered in this step.

Once you have your list, do the following for each item:

For example, when building an IT disaster recovery plan, you’ll want to document all your IT systems, identify the most critical pieces of IT infrastructure, and arrange for data backups, secondary data centers, and other data protection for any critical data that may be impacted.

6. Analyze your recovery needs

Perform a detailed recovery analysis for each type of disaster that could impact the business. Include the following steps in this analysis:

7. Set up your recovery plan templates

If you are using a disaster recovery plan template, you’ll want to make copies of the template pages to fill out. You want a tailored recovery plan for each type of disaster, so multiple versions of the template are a must.

8. Assign personnel

Identify and document all personnel who will be involved in each recovery and response plan. Write down their roles and responsibilities within the recovery efforts and contact information.

9. Establish the activation criteria

Set clear criteria for when to activate the disaster recovery plan. Clarify the turning point between disaster response procedures and disaster recovery, so you don’t hesitate in the event of a disaster.

10. Write the recovery plan

The previous disaster recovery checklist stages prepare you to document your plan. Detail the specific steps and strategies to recover from each disaster you may face.

11. List resources and related documents

Document all the resources required for the recovery plan and their locations. Include links or references to any related plans and supportive documentation. This might include your business continuity plan , risk assessments from earlier in the process, or documentation for a specific recovery strategy.

12. Develop a communication plan

Communication is critical to recovery, so ensure your plan includes a clear process for reaching your employees, stakeholders, and external resources. Design a comprehensive emergency communication plan detailing:

13. Evaluate your response

Don’t make the mistake of building out your disaster recovery plan and assuming it can stay the same year after year. Not only are the disaster scenarios you face likely to change, but your organization will also grow and change; what worked for recovery at one point won’t necessarily work weeks, months, or years later. Regularly test, evaluate, and update the disaster recovery plan to ensure it still meets your business needs over time.

Planning for Resilience Through Operational Failback

With the right plan in place, recovery doesn’t have to feel like a disaster in and of itself. Develop a comprehensive disaster recovery plan with this checklist to keep your whole team on the same page and align their efforts.

Unlike an IT system failback, to recover your business operations, you often need to build them back up one by one. Following all 13 steps, you can ensure you don’t miss a critical system in your DR plan, and you minimize the effort it takes to quickly and confidently return to normal operations.

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Business Continuity Checklist

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