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Oct 13, 2024

Brand Building

What Is Brand Strategy And How To Do It (Step 1)

Summary

Strategic Approach

Brand strategy involves determining the goal and how to reach it, with potential objectives including increasing market presence, conversion, or awareness.

A strategic conversation script guides consultants to ask key questions like "What's on your mind?" and "What's the real challenge?" to understand the problem and assign a dollar value for bidding.

Results-Driven Consulting

Consultants charge based on results, not time, allowing them to guarantee outcomes for $300 or $3 million, but not for $3,000, and they continue working until it succeeds.

To achieve five paid clients, a consultant estimates needing 200 signups for an audit, nurturing leads to get 8-10 correspondences, with half converting to paid clients.

Growth Strategy

Effective growth requires scaling email lists into the thousands, not tens, as demonstrated by a client's probe with 14 signups and 2 responses being too small for significant impact.

Timestamps

00:00 Clients often struggle to articulate their goals, leading to ineffective marketing efforts and a lack of recommendations for their work.

01:47 The speaker shares their experience marketing on social media platforms and suggests offering free website audits to collect emails, aiming for 200 signups to nurture leads and ultimately gain five paid clients.

03:56 Spend $5,000 to potentially gain $5,000 worth of clients by growing your email list into the thousands.

05:14 Evaluating client worth and allocating resources for brand strategy, along with asking questions and using coaching habits, are important for effective leadership.

06:53 Strategy is about understanding the real problem, asking the right questions, and using industry knowledge to guide and help others.

07:52 The speaker discusses the importance of analyzing campaign performance and offers to submit a proposal for a brand strategy project for $3,000.

09:11 Jonathan Stark charges based on results rather than time, and is willing to work on a project until it is successful, even if it takes years.

09:57 Chris conducts weekly pro car sessions to address the problems of pro group members, and you can access all the calls by joining the pro group.

Transcript

00:00 Okay let's talk about what strategy is strategy is basically you trying to figure out what the goal is and then figuring out how to get to that goal. Their goal could be to increase market presence to increase conversion. It could be to create awareness whatever the goal is so what's a typical goal for a client of yours. They told me that they want to do website and I ask them why do you actually want to do this right. The answer. I got is we just want to do website. We know that we need it and I try to dig deeper because I believe that there is always a reason why people want to do certain things and I can't get to it. Do you believe it's because the client doesn't actually know what they want or is it because. I don't know yeah. It's a combination of both this combination. They don't know what they want you don't know how to ask the questions to help them okay so.I'm gonna ask you some questions okay yeah go ahead. I'm gonna try to help you so. I was thinking about. I can explain strategy or I could just show you right. Now you ready yeah okay uh. What's on your mind where should we start stanley. What do you need help with. I need to help with getting the clients you need help. Getting clients is there anything else. Uh no I actually that's the only thing I struggle with okay. So what's the real challenge here for you and getting new clients. Clients are work with don't recommend me further and they usually keep it just for themselves. I don't know what are the reasons but I'm sure that my work is very good quality and I see that and they also insure me of that and when I try to do marketing it just doesn't seem to bring. Me leads how have you marketed in the past.

01:47 Uh. I have marketed on instagram and facebook with ads offering the free services so I kind of offered the free services to other people. It was the website audit the ad went like this. I'm. I'm giving we are giving away 50 free audits for everybody who just signs up. Idea was to get the emails uh through that do the pre-audits. But then you have emails of 50 people that are actually interested in writing in improving their website and how much money did you spend to boost that post.It was like close to 100 for everything but how many signups did you get. I've got 14 signups which I think is kind of low and only two person responded to my mail. What's the most desirable outcome for you like if we get together and we do this getting clients from my niche tech startups and to work with them basically to be known in that industry okay let's try to make this quantifiable okay. You ran a campaign to get email signed up so you can market to them. Later. Yes 2 of 14 is pretty good in terms of people responding to your email oh because it's really low percentage right. So if you have 100 people you might get four people to respond okay or three people. So you're you're well you're over performing on that front. You just need more people to sign up right okay. So if we do this together what would success look like how many signups would you like um. My goal is to get five paid clients okay so you want five paid clients but in order to get five paid clients how many people need to sign up for your your audit. I believe 50 would be okay okay maybe this is where you don't understand the numbers game 50 would be way way too low okay. I would think that you would need 200 people to sign up and then you're gonna nurture. Those leads and you might get eight or ten people that will start to correspond with you and maybe half of those will turn into paid so there's that funnel idea you understand the funnel right yeah.

03:56 But it's not very wide at the top. There's a very low chance of it converting at the bottom yeah okay. So for me it was just too small probe yes for sure. I mean your goal should be to grow your email list into the thousands. Not into the tens yeah you know it just seems crazy cost for me when I uh think about how much to put in that marketing and think about it like hell if that doesn't work oh. I see I say okay you spend 100 so what's one client worth to you uh one client. Let's say about five one thousand dollars one thousand yeah because you know we have policies lot here. So it's uh lower currency that's fine so one thousand and if you get five clients it's five thousand right how much money makes sense to spend against that to get five thousand to be honest. I would be even cool if it was on zero because I would have the right people from my niche and yeah and somebody so you would be willing to spend five thousand dollars to get five thousand dollars worth of clients right yes if I had like the real chance that it would really work yes. Okay.

05:14 I got it okay. We'll stop right there. Do you guys know what I did does everybody know what. I was doing yeah. So you kind of asked michael. You just asked all the time you asked what. I did what. I want to do why. I think it doesn't work yeah and then you actually told me that hey dude it. Actually. It worked you're doing all actually better than you thought you are doing here is the thing that you did wrong. The probe is too small and after that you told me that how much I'm willing to spend so you kind of estimated how much the client is worth for me yeah and from that on. I guess you would want to go to tell me how much it's worth spending and it will it would actually be worth trying yeah okay but let me tell you what I'm really doing. That was fast that was fabulous and the fact that you can break it down in real time.Like that stanley. It means you must be a pretty smart kid all right. I just want to say that show you how. I did this thing this miracle thing okay. Daniel montgomery posted this thing the seven essential questions. All. I did was literally read the seven questions to you. I'm not even thinking um. What's on your mind stanley where should we start. What can. I help you with and then you told me some things and then I said and what else so then. I asked you. What's the real challenge here for you. I'm literally reading a script that was posted inside the pro group okay. That's nice. I'm sorry. The coaching habits say less ask more and change the way you lead forever and always doing that only.

06:53 The last little part was part of what I'm already sharing with you guys which is what does the business represent to you. So I've taken you basically through a strategic conversation okay and assign a dollar value to it. So I know exactly how much to do a bid for stanley to help him with this problem. No that actually showed me what strategy is because I've kind of had hard time understanding. What actually strategy is yeah so what I have to do is. I have to ask you a series of questions that cover what the real problem is and with you not for you. I have to ask you like how do we do this and using a little bit of knowledge. I'm able to guide you through that because I see things that are out of industry norms. Now you have to have some experience to do this so before you ask like I try to help my friend out. He's like did. I do it right or what's the problem do. They not know what they're doing or maybe. I don't know what I'm doing and I said to you. It's a little bit of both. They don't know what they're doing which is good. But then you don't know what you're doing now. If I just assume yeah.

07:52 Let's get 50 signups. We're going to make 5 000 bucks. Then. I don't know what I'm doing or if you say you know it's really underperforming. I got 14 people to sign up and two people who are responding that's actually a really good percentage and and you know also that you don't need that many people to respond for you to hit your goals. Now the work comes we sit down. We look at your campaign the services that you're offering how you're communicating it how you boosted it and where the conversions happen and then we have to get into that. But I'm not gonna do that for free and I don't have time to do it right now but yeah that's the idea right. So then the last little part is okay. So I don't think we need to spend five thousand dollars to do this but maybe we'll have to spend three thousand dollars. Okay would that be okay with you stanley and then. I'm gonna submit a proposal to you for three thousand dollars. We can start next week and if you're ready to go. I'm ready to go and what would you do. If that doesn't work well. We keep working on it okay but wouldn't it that be tricky. You know like you tell someone okay. So let's do this um campaign because that's marketing basically right. Let's do this thing and it doesn't work because it's possible so what then you say like dude. That's how things go no. I don't if you believe.

09:11 Jonathan stark. He doesn't really charge uh based on time. He'll work on something for two years. If necessary. He charges based on results okay so you have to charge a lot more money. So I could not guarantee results for 3 000 bucks. But if it was 300 or 3 million yeah. I can guarantee the results we'll work on it and I'll keep working on it until it works. Your goal for me was to get you qualified leads a couple hundred of them and then then the rest is up to you if you can't close them if your. If your value prop to them is not good that that's your problem. But I was just brought in to help you fix your funnel and I can do that okay cool.

09:57 Okay thank you yeah. This was a cut down from a pro car that chris did with the pro group. We do cause like this once a week and it's usually chris or another manager that runs them. The topics usually deal with whatever problems. The probe members have after you join the pro group you'll be able to access all the calls just like this one so check out the link in the description. If that interests you thank you for watching. See you all next time.