Posted: September 30th, 2023
Marketing Plan Part 1: Brainstorming and Creating a Christian Company
Marketing Plan Part 1: Brainstorming and Creating a Christian Company Instructions
Environmental Analysis (Competition, Economy, Political-Legal, Technology, Social-Cultural) SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats) Incorporate Christian worldview: Implement 1 biblical passage. In 100 words, choose appropriate scripture and discuss how that scripture fits into the development of your Situation Analysis. Requirements: Minimum of 500 words, implement 1 biblical passage and APAcompliant formatting.
Remember, you are developing your marketing plan each week. This week you are adding the Situation Analysis. This section should add a total of 600 words to your paper (100 biblical, 500 of SWOT content)
Competition: The religious products and services industry is highly competitive with many small businesses and ministries vying for consumers (IBISWorld, 2022). Some established competitors include Christianbook.com, Lifeway Christian Stores, and ministry organizations. However, there is always room for new businesses that can carve out a niche and meet unfulfilled needs.
Economy: The U.S. economy remains strong despite recent volatility and uncertainty. Consumer spending, which drives around 70% of economic activity, has held up well. Unemployment is low at 3.7% as of July 2022 (Bureau of Labor Statistics, 2022). Inflation poses a challenge as input costs rise, but demand for religious goods and experiences tends to remain steady even during economic downturns (IBISWorld, 2022).
Political/Legal: There are no significant political or legal barriers to operating a Christian business in the U.S. Religious freedom is protected under the First Amendment. However, political polarization could impact perceptions of certain Christian messages or causes. Non-profit ministries may pursue 501(c)(3) tax-exempt status.
Technology: Technology plays an important role in ministry through websites, social media, streaming, and more. This allows organizations to reach broader audiences more cost-effectively. Livestreaming church services saw rapid growth during the pandemic (Pew Research Center, 2022). Technology also enables new forms of online Christian community (Barna Group, 2022).
Social/Cultural: Christianity remains the largest religious group in America, with around two-thirds of U.S. adults identifying as Christian (Pew Research Center, 2022). However, the share of the population that is religiously unaffiliated is rising, especially among younger generations. Cultural shifts around gender, sexuality, and other issues also impact some Christian teachings.
SWOT Analysis: Based on the environmental analysis, here is a preliminary SWOT analysis:
Strengths: Passion for ministry/mission. Technology expertise.
Weaknesses: Limited resources as a new startup. Reliance on volunteers.
Opportunities: Growing demand for online/streaming content. Unmet needs in the community.
Threats: Competition from larger ministries. Declining religiosity among youth.
Biblical Passage: “Do not be conformed to this world, but be transformed by the renewal of your mind, that by testing you may discern what is the will of God, what is good and acceptable and perfect” (Romans 12:2, ESV). This verse highlights the importance of maintaining a distinct Christian identity and worldview, even as cultural values shift around us. As a new Christian business, it will be important to thoughtfully engage culture while holding fast to biblical truths.
Conducting an environmental analysis of the key factors impacting the religious products and services industry provided important context for developing a marketing plan for a new Christian company. Competition is high with many small businesses and ministries vying for consumers in this space. However, focusing on an underserved niche and utilizing technology to reduce costs could help gain traction.
The U.S. economy remains strong overall despite current volatility, and demand for religious goods tends to hold steady. Inflation may squeeze margins but also underscores the importance of ministry work. No significant political or legal barriers exist to operating a Christian business protected under religious freedom laws. Technology both expands the potential audience through digital avenues and enables new forms of online Christian community.
A SWOT analysis identified initial strengths in passion for the mission and technology skills, but also weaknesses in limited startup resources. Opportunities lie in growing online content demand and unmet community needs, while threats include larger ministry competition and declining youth religiosity.
The biblical passage Romans 12:2 exhorts maintaining a distinct Christian identity amid cultural change. As a new venture, thoughtfully engaging culture while upholding biblical truths will be paramount. Testing new approaches and discerning God’s will through challenge and opportunity can help transform the business by the renewal of mind.
Overall, the situation analysis provides a framework for developing marketing strategies that leverage strengths, address weaknesses, capitalize on opportunities, and mitigate threats in light of current industry, economic, technological, social, and spiritual environments. Please let me know if any part of the analysis requires further clarification or expansion as planning continues.