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One Thing: Day 198: Virgin Puking…

Day 198: Virgin Puking…

Yesterday I was talking about how to create a category… Fed Ex, Jake Burton, Dominos, and Steve Jobs were all super impressive until Elon Musk came along with his plan to Colonize Mars. 

Musk gets badgered constantly and folks of all shapes and sizes talk about what an idiot he is. 

Elon SOLVES more problems by 9am on Monday than they do in an entire 3-month span. 

“Stop downgrading your dreams to suit your circle. Dramatically increase your conviction to match your destiny.” 

Anyhoo… 

Your ONE COACHING THING Today Is:

‘Sub-Branding’

Last week I wrote a couple of emails on branding and got significantly more feedback than I would have expected. 

More specifically I got asked for advice on how to help your high-end coaching clients brand properly. 

To do this properly you’d be well advised to understand the topic of Sub-branding also.  

It took me a week but I finally pulled my thoughts together enough… in order to be able to explain it to you properly.  

Sub-branding is when the main brand (Coke) creates a subsidiary (Diet Coke)… 

And the goal is to create a new audience to connect with (those that don’t drink Coke cause they worry about gaining too much weight). 

Consumers who trust the primary brands are far more likely to try a new offering under the established name.   

No one has done it better than Coke but here are a couple of successful examples: 

Apple created:

iPad

iPhone

iPod

iWatch 

FedEx created:

FedEx Express

FedEx Ground

FedEx Freight

FedEx Customer Critical

FedEx Trade Networks 

This is something that needs to be done VERY strategically and for every example of success, there are 100 that failed miserably. 

Virgin created everything under the sun:

Virgin Life Care

Virgin Balloon Flights

Virgin Drinks

Virgin Comics

Virgin Poker

It’s like the Virgin brand has ADHD and puked all over Necker Island. 

Holiday Inn created an upscale version:

Holiday Inn Crowne Plaza

It went absolutely nowhere until they just called it ‘Crowne Plaza’ and disassociated with the budget Holiday Inn entirely. 

The list of companies, headed by very smart people, that have done this poorly is a long and distinguished one with Chevrolet being the poster child. 

Here are the 3 questions I think are most relevant when considering a Sub Brand for your high-end coaching client: 

  • Is this an ‘organic fit / common product idea’ for their business?
  • Does this solve an existing problem in the marketplace?
  • Do they have enough resources to allocate to their success?

You heard it here first. 

Obsessed with your business coaching success,

Karl Bryan aka King Karl 

PS. Some days I amaze myself.

Other days I search for my phone while I’m holding it.    

PPS. If you’re looking for a proven system to follow for your coaching…. I created business coaching software and high-end step by step training to support it… 

It’ll teach you ‘How to find any small business owner $100,000 in 45 minutes without them spending an extra dollar on marketing or advertising.’ 

Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?!  And a proven coaching system created for you to follow with your new coaching client. 

Reply to this post if you want to start following a proven coaching system.

PPPS. Forward this to someone that needs to subscribe to my daily emails and get a limited time, complimentary subscription to my business coaching magazine go here: 

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PPPPS. They tell me my Podcast is Ric Flair style, Money Makin, Client Getten, Joint Venture Landing, Event Fillin’, High-End Coaching Client Findin’ Gold For Business Coaches.

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