The digital age has introduced a novel concept – the ‘personal brand’.
Here’s why you should care:
Personal branding is the way individuals promote themselves and their careers as brands. While it’s no small task to build a personal brand, some have managed to master it and become remarkable figures in the digital world. Among these names, one that stands out is Dan Koe, who has grown from being a freelancer making $40,000 a year to a multi-million dollar personal brand that talks about three broad concepts: modern mastery, one-person businesses, and lifestyle design.
Building a Personal Brand:
Dan Koe is a self-improvement entrepreneur that leads a business community called Modern Mastery HQ. This community helps creators and influencers monetise their following by harnessing what he calls “digital economics” (a fancy way of saying online business). While he started to dedicate himself to building his personal brand from 2021, by early 2023, Dan’s audience exploded to around 2.6 million across all social media platforms, and is on track to bring in around $2.5 million this year alone.
Here are some key strategies that Dan employed in building his personal brand and growing his audience:
- Creating Unique Products: Dan has a variety of digital products and courses that he has sold over the years. These include the ‘2 Hour Writer’, ‘Solopreneur Sprints’, and ‘Digital Economics’. He also runs a membership program called Modern Mastery HQ, and recently launched a service business called Keyframe, which creates popular videos for platforms like TikTok and Instagram.
- Monetisation: Dan has diverse income streams. Aside from the revenue from his digital products and membership program, he also earns from affiliate marketing and YouTube ad revenue.
- Content Strategy: Dan follows a well-laid-out content strategy. He starts with long-form writing, creating in-depth think pieces each week covering a range of topics. After publishing the article on his blog and sending it out in his newsletter, he repurposes that content into a video, which is then further repurposed as a podcast. He also promotes his content on Twitter, teasing upcoming topics and linking to his published works.
Dan’s growth timeline reveals that his growth was consistent until it exploded around May of 2022, and then again around the beginning of 2023. The second explosion was largely due to the visual content he had been creating. Here are some of the growth levers Dan used:
- Methodical content promotion strategy: Dan publishes across 7 channels, ensuring that he gets the most out of his content.
- Perfecting the no-sell sell: Dan promotes the free content he is creating and lets it speak for itself, instead of pushing his products directly.
- Iteration & experimentation: Dan has been iterating on his processes and content types since he started, constantly improving and adapting his strategy.
- Offer Stack: Dan has a variety of products that he sells, effectively using upselling and cross-selling techniques within his ecosystem.
Building Your Personal Brand: A Step-by-Step Guide
Following in the footsteps of Dan Koe, building your personal brand can seem like a daunting task. However, with a strategic plan and determination, anyone can make significant progress towards growing a brand that resonates with a broad audience.
Here are some steps you can take right now:
- Define Your Brand: The first step in building your personal brand is to define what it is. What are your values? What do you want to be known for? This could be a specific skill, industry knowledge, or a unique perspective you offer. Understanding your unique selling proposition (USP) and crafting a personal brand statement around it will give you a clear direction for all your branding efforts.
- Identify Your Audience: Understanding who you are talking to is crucial in determining your content and marketing strategy. Identify who your ideal audience members are, including their interests, needs, and challenges. This will help you create content that resonates with them and positions you as a valuable resource in their lives.
- Create Valuable and Unique Products or Services: Taking a page from Dan’s book, creating unique digital products or services that are in line with your brand can provide immense value to your audience and potential income streams for you. This could be an ebook, online course, or membership program – anything that can monetise your expertise effectively.
- Establish Multiple Income Streams: Diversify your revenue streams to ensure financial stability. This could be through affiliate marketing, ad revenue, sponsored posts, or even consulting services. The more diverse your income, the less reliant you are on any one source.
- Develop a Content Strategy: Quality content is the backbone of your personal brand. Start by creating long-form content – such as blog posts or newsletters – which can then be repurposed into various forms of content (videos, podcasts, social media posts, etc.). Consistency and quality are key here.
- Leverage Social Media: Use different social media platforms to expand your reach. Start with one or two platforms where your target audience hangs out and expand as your brand grows. Always ensure your content fits the platform – what works on Instagram might not work on LinkedIn.
- Engage in Active Promotion and Network Building: Promote your content across various channels, engage with your audience, and build a loyal community. This goes hand in hand with networking – connect with other influencers in your field, collaborate on projects, and leverage each other’s audiences.
- Adapt and Experiment: Keep experimenting with different strategies, track the results, and adapt accordingly. Remember, what works for one person might not work for you, so keep tweaking until you find what fits your brand best.
- Build a Strong Offer Stack: If you have multiple products or services, use upselling and cross-selling techniques to maximise revenue. Create a seamless ecosystem where your products support and enhance each other, encouraging customers to invest in more than one.
Remember, building a personal brand is not an overnight task. It takes time, effort, and perseverance. But with the right strategy and mindset, you can become the next big personal brand in your chosen field.
With me by your side to guide you through the process you’ll reach your personal brand goals in no time.
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