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Marketing School - Digital Marketing and Online Marketing Tips

How to Decide if You Need Separate Brands for Your Business | Ep. #57

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Careers, Business, Marketing

4.61.3K Ratings

🗓️ 26 September 2016

⏱️ 8 minutes

🧾️ Download transcript

Summary

In Episode #57 Neil and Eric talk brands, specifically, how many you should have if you want to be successful in your efforts. Listen as they explain why brand diversification is not only unnecessary in most cases, but how it can actually damage your business. Time Stamped Show Notes: 00:25 – Today’s topic: How to Decide if You Need Separate Brands for Your Business 00:35 – If you’re creating different products and they’re not related at all, obviously you need different brands 00:45 – Having said that, you put SO much into building a site and brand, why not bring everything under one umbrella? 01:28 – Talking about QuickSprout 02:12 – The brand split wasn’t intentional 02:35 – Crazy Egg was such a different concept, it couldn’t merge with QuickSprout 03:10 – Most people create too many businesses 03:39 – Focus on your CORE business until it flat-lines 03:55 – Talking about Growth Everywhere versus Single Grain 05:05 – Just look at all the effort Neil had to put in to build NeilPatel.com 05:30 – You don’t need a personal blog and a corporate blog—just do ONE 05:45 – And generally go corporate, because you can market and sell that 3 Key Points: Your time and focus are limited—that alone means rare is the time when it make sense to split brands. If you’ve already established a brand, domain, and good traffic volume, why divert your attention from that? Unless the brands/products/offerings are going to be EXTREMELY different, it usually doesn’t make sense to kick-off a new brand. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu

Transcript

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0:00.0

Get ready for your daily dose of marketing strategies and tactics from

0:06.8

entrepreneurs with the guile and experience to help you find success in any

0:11.4

marketing capacity. You're listening to marketing school

0:14.5

with your instructors Neil Patel and Eric Sue.

0:19.4

All right guys before we start we got a special message from our sponsor.

0:27.0

If you want to Rank hire on Google, you got to look at your paid speed time.

0:31.5

The faster your website loads, the better off you are. With

0:34.4

Google's core vital update, that makes it super, super important to optimize your

0:38.5

site for low time. And one easy way to do it is use the host that Eric and I use dream

0:44.5

host so just go to dream host or Google it find it check it out and it's a great way

0:49.7

to improve your low time. Welcome to another episode of marketing school.

0:55.0

I'm your host Eric Sue.

0:57.0

And I'm Neil Patel.

0:58.0

And today we're going to talk about how to decide

1:00.0

if you need separate brands for your business ideas or business.

1:05.6

So why don't we get started?

1:06.6

Neil, I know you have quite a bit of experience in here.

1:09.2

If you're creating different products and they're not related, then of course they should be separate brands

1:14.0

but I'm a big believer that you should try to stick with one brand as much as possible.

1:18.7

I know I haven't done that I think it's a huge mistake. When you build up so much juice into one website,

1:24.8

traffic, social share, span pages,

1:27.6

SEO rankings, email list,

...

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