Category Archives: Marketing

Marketing , Leave a comment

This Freelancer Walks Into a Bar and…

by

Here we are in the final week of summer and it is time to gently ease out of your summer torpor and take a few tentative steps toward ramping-up some business development skills—like networking, for example.  Networking takes many forms and it is something we do throughout the year, in all sorts of venues.  Yet September brings an onslaught of structured business networking opportunities, often in the form of conferences and workshops, making this time of year ripe for a meet & greet reboot.

It is likely that you’ll attend these functions alone and it’s also likely that you will not know anyone in the room, or at least not well enough to “latch on” during the event.  You will be on your own; how can you engineer a good outcome?  For starters, remember that Freelancers have a standard networking event agenda:

  • Get a client.
  • Get a referral source or collaborator.
  • Get information.

Meeting a potential client is a long shot, but it’s the most important agenda item, nevertheless.  Meeting a promising referral source or someone with whom you can collaborate is also a stretch, but the odds are better.  Learning something useful, whether from the program speaker or some helpful bit of information you pick up from someone you meet, is a reasonable bet.

So polish up your short-form elevator pitch.  Remember to smile and relax and be willing to meet new people.  Make note of these easy-to-roll out icebreaker conversation starters that will boost your networking ROI:

  1. Walk up to someone who is alone, smile and introduce yourself.   You’re in the room to network, so make a point to extend yourself. You could meet someone who is worth knowing and at the very least, you’ll make someone feel more comfortable and happy to be there. “Saving” someone is good karma.
  2. This is my first time attending this seminar. Are you a regular?    Showing a bit of vulnerability is both humanizing and courageous. You’ll demonstrate your command of the meet & greet ritual. This opening makes it easy to segue into further conversation.
  3. I admit I don’t know a lot about what (the sponsoring group) does. What other programs do they put on?    With this question, you’ll receive information that will help you evaluate the possibility of deepening your involvement with the host organization.
  4. That’s interesting. Tell me more.   People love talking about themselves. Showing genuine interest is flattering and most of all, validating. The seeds for a good and maybe even mutually beneficial relationship will be planted, even if you don’t encounter that person again for another year or two.
  5. Let me introduce you to… One of the best ways to position yourself as an influencer, as well as someone who is authentic and generous, is to introduce people who might be able to work together.
  6. Ask the speaker a good question.   Take notes during the presentation and raise your hand during the Q & A.  Attendees may seek you out after the talk. Feel free to approach the speaker as well. A good question showcases you as a smart person. Be careful not to hog the microphone.
  7. Hi, I’m (name).  That was a spot-on question you asked of the panelist. What do you think about (related topic)?    In this scenario,  you approach someone who asked the speaker an insightful question.
  8.  It’s been great meeting you. I see someone who’s on my list to meet and I’m going to take my leave. Thank you for being good to talk to.    Your exit strategy.

 

Have a good Labor Day weekend. Thanks for reading,

Kim

Marketing, Technology / Office , , Leave a comment

Time to Redesign Your Website?

by

Have you become disappointed with your website, or are you merely bored? Have you been visiting the websites of your colleagues and contemporaries and thinking about how you may want to do a website makeover? Think carefully about your goals before making a decision.

What would I like the site to do for my business?

Ultimately, a website gives information about your products and services and communicates how doing business with you can benefit those who would become your customers. Your job is to develop a website that gives prospects the confidence to explore more seriously the idea of working with you. Whatever is on your site—text, audio, or visual—must support that action.

Older websites are likely to be static, rather than interactive. That means in order to update the site with new information, it’s necessary to pay a web developer to make  changes in text, photos, videos and lay-out. As a result, static websites often do not reflect much of what is happening now.

Some Freelancers depend upon their websites to pre-qualify prospects through the use of an online contact form.  Rather than posting your email and telephone number on the “contact us” page, there is instead a form for interested parties to complete, so that they will receive a call-back. Serious shoppers only, please!

Content marketing will be featured on the website.  Freelancers who produce a weekly blog or monthly newsletter typically include the link on their website.  Your social media platforms will likewise be accessible through your website, as will videos, webinars and podcasts that feature you in a starring or supporting role.  Case studies to help prospective clients envision how your insights and expertise might help their organization resolve challenges and achieve goals may be posted to the site as well.

How is my site under-performing?

Much depends upon the information you’d like your website to provide to interested parties. Your site can be a one-page affair that is basically an online business card.  You may list three or four services, a photo,  a 3-minute video clip of you in action (or not) and contact info and that may be quite enough to convince prospects that you are a capable professional worthy of consideration.  But maybe you would like to have a much more active and engaging site?

Up-to-date products and services list

If you’ve substantively altered—simplified, upgraded, expanded, or eliminated— the services and products that you provide, let your website reflect what is current.  As well, old content and photos might be replaced and updated with an accurate depiction of how you bring value to clients today.

Can I accurately measure how prospects respond to my site?

This step can be the key to your website design.  If you are serious about updating your site,  contact an analytics service and sign up to obtain data that will guide the development of your website.  There are a number of modestly priced website analytics services available and Google has a level that offers free analytics. Collect three or four months of data before you act.

To begin with, you’ll learn how many visitors the site receives each month and the pages that are most often visited. Now you’ll know what visitors want to know. You’ll also learn which pages are least often visited and if there are pages that are quickly abandoned for other pages, or seem to cause visitors to exit your site.  If you decide to update your website, ask your developer to build-in analytics or integration features, so that data will be yours at no extra charge, post-upgrade.

Is the site mobile-friendly? 

I write or edit three newsletters and the analytics for each consistently shows that about 50% of readers use mobile devices (smart phone or tablet) to read them. The other half use either desk models or laptops. Don’t frustrate your visitors,  make sure that your site is optimized for mobile.  Both interactive and static websites can be mobile optimized.

How’s the technology?

Recently, I met a truly brilliant MIT educated web developer named Al.  He showed me the site of a nationally known not-for-profit organization that on its website has an inoperable “donate now” button on the landing page.  It is imperative that all links and buttons on your website perform as intended on all types of devices.  Audio features must produce sound; videos must play; documents must download; ecommerce transactions must be secure.

“About us”

Trot out your brand story.  Connect with site visitors and concisely tell them what motivated you to start your business, how you developed your expertise, your vision and the company mission.  Share your guiding principles as the founder and business leader and discuss how that is reflected in your business practices.  Finally, let it be known that you love what you do and value the opportunity to work with clients. Recommended length of the text might be 200 words.

Thanks for reading,

Kim

Marketing, Professional Development ,

Those Who Can, Teach

by

What’s a proven way for Freelance consulting service providers to demonstrate expertise, distinguish yourself from the many “me, too” competitors; position yourself as a thought leader; and work against being perceived as a commodity? Teaching! The old proverb, “Those who can, do and those who can’t, teach” doesn’t hold up in the 21st century marketplace.

Teaching is the smartest-ever marketing activity.  You get paid to do it, so along with being an effective marketing activity, teaching simultaneously benefits your cash-flow.  If that’s not enough, through teaching you will become a better speaker and better able to promote yourself as a keynote or a panel moderator.  In horse racing, they call that a trifecta!

First, let’s consider what you might teach.  Ideally,  you’ll teach a subject related to your business.  Artists since Michelangelo (at least) have taught art classes.  Authors of best-selling books are usually able to join a university faculty, where they earn steady money teaching creative writing classes.  Prize-winning journalists often teach journalism at colleges and universities, which is a superb addition to their CV.

In 2006,  I created five 90 minute sales skills workshops that I presented at an adult learning center (the nation’s oldest adult learning center, BTW) and two years after that, based on my teaching experience and curriculum development skills,  I was invited to teach an 18 week business plan writing course at a Small Business Association-affiliated women’s business development center.

When that assignment ended two years later, I developed a six-hour business plan writing workshop that I continue to present two or three times a year at the adult learning center where my teaching career began.  I’ve also developed a 90 minute networking skills workshop and a six-hour strategic planning how-to workshop that are occasionally presented.

Second, you may need to acquire or improve your teaching skills.  My recommendation is that you learn both curriculum development and gain or improve your teaching skills by writing a proposal to teach some aspect of your professional expertise at an adult learning center, library, or some other organization that offers workshops to the public for free or at a modest cost.  The proposals I’ve written for workshops became my lesson plans.

Third, identify a place to teach.  As noted, adult learning centers and libraries are good possibilities.  Explore the requirements of teaching and peruse the types of courses that are scheduled.  Read the instructor bios—I’ll bet most are Freelancers.  If you’ve earned a master’s degree and you have a minimum of five years of teaching experience, you may be able to teach at a local university.  Adjunct (that is, part-time, non-tenure track) teaching is great if you can get it,  but the market has become quite competitive.  I’ve taught a couple of semesters at a special seminar series, but I’ve been unable to secure any more adjunct work in the past five years, I’m sorry to say.

Once you’ve developed a workshop and learned how to successfully present it,  consider taking it online in a YouTube video.  E-learning is a growing field and becoming proficient in presenting an online course is to your benefit.  Schools are transferring ever more courses to an online format and if you have the know-how, you will be a more attractive candidate for those disappearing adjunct opportunities.

Web developers are able to teach students how to build a website.  Freelance bookkeepers can teach other Freelancers how to use Quickbooks.  Marketers can teach the basics of social media marketing.  Landscape artists can teach homeowners how to choose shrubbery and flowering plants for their yards,  or how to create and maintain a window box filled with lovely plants.  Developing proficiency in the ancient and noble art of teaching delivers numerous tangible and intangible benefits to Freelancers and their students.

Thanks for reading,

Kim

 

 

 

 

Marketing , , , , Leave a comment

Credible + Capable = Contract

by

Pitching to prospects is stressful and time-consuming, but there is such a thrill when we meet the right person and get invited to discuss a project. With much anticipation, valuable time and energy are directed to preparing for the meeting and if we are asked to do so, preparing as well a proposal that details how we would achieve the client’s goals.

It is unspeakably frustrating when a proposal is rejected or worse, when we never hear from that prospect again.  It is imperative that Freelancers practice appropriate risk management and take steps to improve our client acquisition rate and minimize negative outcomes.

Client endorsements

Recommendations by satisfied customers are trust-building votes of confidence for you.  A referral made by someone known and respected by the prospective client is the ideal endorsement. Word-of-mouth is always the best advertisement.

LinkedIn recommendations are lukewarm.  Testimonials that appear on your website are more powerful, especially those given by a prestige client.  Better still is to ask a client if s/he would be willing to speak with a prospect to give a reference for you and discuss the project you worked on.

Samples of your work

Create a portfolio of case studies or other samples of your work to provide some show and tell for prospective clients.  They deserve the opportunity to view and evaluate your work, so that they can envision the match-up between the results they must achieve and the solutions that you would deliver.  Curate your portfolio of work samples and case studies well,  by choosing projects that demonstrate your expertise and value.  A good portfolio will also help to justify your (premium) pricing structure.

Online presence

It is the 21st century and prospects expect all professionals to have an online presence.  Before deciding to contact a Freelancer or any other professional that one might hire, an online search is typically conducted.  Prospects want to get a sense of who you are and confirm that you are legitimate.

Overwhelmingly, Freelance consultants have a website, but there are those rare individuals who have been able to build a successful client list without this marketing tool. Whether or not you have a website, further cultivate your online presence through social media or post press releases online to announce  your speaking and teaching engagements, participation in charity events, or any awards you may have received. Writing a newsletter or blog, building a mailing list and sharing on social media platforms is also useful, as is guest blogging. Develop and maintain a positive online presence that is designed to win over prospects.

Communicate value-added

The ultimate reason that clients hire Freelance consultants is that they are convinced that these individuals will bring significant value to the project and will make the hiring manager look smart in front of his/her superiors and peers.  Merely describing your products and services is no longer sufficient to get yourself hired in this hyper-competitive marketplace, where in most cases there are numerous highly qualified professionals who are available and hungry for billable hours.

Communicating your unique value is the only way to get hired and that must be demonstrated in numerous ways.  Like a trial lawyer, layer on examples of the varied aspects of your value and let the preponderance of evidence in your favor pile up.  In clear and concise terms, present the case of how you will make the client’s job easier, save the organization money, position the organization to make money, or ensure that the organization achieves important goals.

Politely persistent

Once a prospect has expressed an interest to meet and  discuss doing business,  or to confirm whether or not you will be awarded a project after you have had a meeting, there are two possible actions:

1). Active pursuit, when you send one or more emails to either encourage setting up a meeting or to learn the outcome of a hiring decision.

2). Passively waiting for the prospect to contact you.

According to experts, neither approach is useful.  I’ll bet your own lived experience speaks to that fact.  Definitely, you don’t want to come across as pushy, since pressure tactics are  a big turn off.  Conversely, you cannot afford to allow assignments to fall through the cracks because you did not follow-up and help to shine a light on the pending project. You need a way to diplomatically keep your proposal on the front burner.

A useful tactic is to telephone or text the prospect three or four days after you’ve sent your proposal, to confirm that it has been received.  You may also ask when s/he would like to begin the project work.  Open the door a little wider and suggest that you would be happy to start work ASAP on some urgent action item, so that the deadline will be comfortably reached.

Freelance consultants have two jobs: finding projects and then completing those projects.  Our ability to survive financially is directly tied to this process.  As organizations continue to shrink  full-time workforces,  the number of Freelance consultants grows every day.  In order to compete successfully, a Freelancer must always be positioned to regularly sign clients and generate adequate revenue.

Thanks for reading,

Kim

 

Marketing , , Leave a comment

Social Media—Not?

by

It is by now standard operating procedure for business owners and other self-employed professionals to have a visible presence on one or more social media platforms,  in addition to an online presence provided by a website.  We’ve  internalized the assumption that there is no way to either launch or sustain a viable business without an active online presence spread over an array of platforms.

The majority of my colleagues and competitors spend rather a large amount of time  researching and writing newsletters,  tweeting,  Instagramming, or linking with and friending sometimes 500 + “connections”. But really folks,  what is the demonstrable ROI of most of this effort?  Beyond a certain point,  I respectfully submit,  social media produces very little beyond siphoning off a chunk of scarce time and money.

How does social media provide a demonstrable ROI for Freelance consultants, who typically provide an intangible service? Our ventures run on referrals based on trust and reputation—how can that resource be communicated electronically? Alan Weiss, president of Summit Consulting and author of numerous books that address the consulting trade, including Million Dollar Consulting (2009), has for several years offered to split his (large) consulting fee with anyone who shows him how to acquire a client purely through social media or website channels and he signs a client as a result.  To date, there have been no takers.

The reality is that most of us in business are afraid to dial back the social media and so the practice continues. We fear that if we don’t participate,  our competitors will eat our lunch and customers will abandon us.  I’ve observed that in certain businesses and organizations,  social media and website marketing yield a good ROI.  A large collaborative of Boston artists and galleries has recently hired me to edit a newsletter and perform PR functions for an ongoing monthly event plus an annual special event and that is money well spent for the group.  Performing artists,  clothing designers, restaurateurs and professional organizations come to mind as excellent candidates for Twitter, Facebook, YouTube and Instagram to provide outreach / engagement with past, present and future patrons.

Nevertheless,  there is a group of social media and website holdouts and at least a handful are making a good living.  Maybe they possess valuable competitive advantages,  such as excellent word-of-mouth,  always the best form of advertising,  and exceptional skills? Among that group are two interior designers who have more clients than can be handled (in three or four cities, mind you) and the owner of a small neighborhood breakfast and lunch restaurant that is always packed.  Three of the six most successful Freelance consultants with whom I’m acquainted do not even show up on Google.  Author Otessa Moshfegh,  a member of the internet-obsessed Millennial Generation,  has eschewed both website and social media and her debut novel is selling nicely.

I’ve learned that Ms. Moshfegh has a professional publicity team and that gives her a significant edge. Her team portrays her as elusive and not given to crass displays of self-promotion and that is good publicity (!). The consultants once worked for larger consulting firms and like any hairdresser, when they went out on their own, they stole clients.  Nevertheless,  they continue to grow their client lists without websites.  The interior designers seem to be known by the right people and receive lots of referrals. On an a laptop or tablet,  they have a few photos to show their work to prospects.  The restaurateur has been in business for 20 years,  a Starbucks opened across the street at least a decade ago, but he continues to prosper.  Patrons started Trip Advisor and Yelp pages for him and patrons control the reviews on those sites.

You may wonder how my website and blog perform for my venture? I did not work for a consulting firm, so the website I feel helps me look legitimate.  However,  no one has ever hired me as a direct and exclusive result of visiting.  This blog has shown prospective clients that I have a solid knowledge of business topics and that I have a certain writing proficiency. The blog has been a factor in my hiring, but the clients were a result of referrals and not this blog alone.

I do not advocate that Freelancers and business owners close down their internet presence.  Rather, I respectfully recommend that you consider the ROI of your investment and take heed of the analysis.

Thanks for reading,

Kim

 

 

 

 

 

Marketing , , , , Leave a comment

Freelancers: Agile Talent For Your Organization

by

While cruising through the Harvard Business Review online http://hbr.org, I happened upon an article that told of a most interesting book that has good information for Freelance consultants and those who hire us.  Agile Talent was written by two experts in the talent development, leadership and strategic HR fields,  Jon Younger and Norm Smallwood and published just last month.

The book was written as a guide for the growing number of organizations that rely on professionals like us to come through in the clutch and get the job done,  on time and within budget.  Getting the most out of a team comprised of internal and external talent is the book’s theme.  I read an excerpt and confirmed that within,  the book contains as well a few pearls of wisdom for you and me,  primarily providing us with a new and improved way to package and promote our services to potential clients.

As Smallwood and Younger point out, so many organizations–for-profit and not-for-profit, late-stage and start-up, large and small–continue to rely on Freelance consultants to augment their lean workforces when insufficient expertise (or time) exists in-house.  Salaries are a large fixed expense on Income Statements and organizations for 30 years have been loathe to hire a worker unless the skill set is frequently needed to keep the business operating.  The authors provide useful recommendations to those who hire,  collaborate with or manage the external talent,  so that good outcomes for all parties can result.

Agile Talent Freelancers allow organizations to access the services needed only for the scope aand length of time that the organization requires.  We bring great insight, heightened productivity and relevant experience to countless organizations.  Yet organization decision-makers and those with whom we collaborate are sometimes unsure of what to expect from the arrangement with the agile talent,  or how to successfully onboard and work with us.

In order to maintain or expand our billable hours,  it is imperative that we are able to anticipate how the relationship might go off the rails and come to an unfortunate parting of the ways.  Before encountering a prospective client,  we must communicate our benefits  to them.  Packaging and promotion are essential when selling an intangible service.  Intangibles are the most difficult sale and in the knowledge economy,  these specialties represent a large percentage of B2B sales dollars.

So how can we exert some measure of influence and get ourselves paid?  It is aalways necessary for us to sell our expertise,  trustworthiness and usefulness.  When organizations are faced with a….

  • Project
  • Challenge
  • Opportunity

….the agile (or external) talent tag line gives us another way to communicate our benefits to decision-makers.  Incorporating the resonant buzz words makes us look smart and capable and makes hiring managers and project sponsors feel that they’ll look smart to superiors and subordinates when they bring us on.  Inertia,  that is,  tabling a decision indefinitely because leaders lack the confidence to move forward except in the most obvious emergencies,  is the  Freelance consultants most formidable competitor.  Anything that we can do or say to persuade prospects to become clients is a win-win.

Thanks for reading,

Kim

 

Marketing , , Leave a comment

The Content of Content Marketing

by

Content Marketing continues to have a life of its own, riding a wave of non-stop hype. But what are all that text and all those images floating through space really worth to your business? I edit two newsletters,  one short and sweet,  the other several pages long and filled with lots of text and photos. One newsletter I assemble myself by reaching out to obtain snippets of relevant and timely new information and an image or two each month.  The second I solely edit and what a laborious process it is to slog through all that dense text!  Can you guess which entity generates the most revenue and profit?

Why, the owners of the short newsletter that gives splashes of fresh info every month plus one or two new pictures, of course.  Those organization leaders do not bury themselves in the labor and expense of high-maintenance content marketing.  They are instead pursuing clients and making money. They are not merely busy; they are productive. They know their role as business owners.

If you can build and maintain a good stable of clients without a web presence, by golly I say you should do it. Truth be told,  most of the most successful business owners and Freelance consultants that I know have no website and no social media.  Instead, they are known and trusted by clients and referral sources.  They are going to the bank and not to their keyboards or video cameras to crank out “content”.

Enter the experts

The short answer is,  if you’ve done something successfully a number of times,  you can claim the title.  However, there is also the axiom “Those who can do and those who can’t, teach.” My client who has enlisted my services for the production of the monthly weighty tome hasn’t had a client in something like five years (I’m serous). She swans around speaking on panels, moderating panels, writing articles for a couple of journals that don’t pay (I edit those as well) and overall being a very busy girl. But I’m not sure how she pays her mortgage. Trust fund?

Noise makers

Everybody with access to a keyboard or a camera is doing some level of content marketing,  even if it’s only for themselves and their Twitter friends. Everybody’s pulling out a cell phone to snap pictures of something—the first snowfall,  the first crocuses and at the Boston waterfront a couple of weeks ago, when the air temperature was minus 10 and the Atlantic Ocean was about 40 degrees,  the fog that was rising from the water as a result of the 50 degree temperature difference (it was quite a sight). all those photos become content posted to social media.  It’s all noise that competes with what Freelance consultants and other business owners are aiming to do,  that is,  get the attention of potential clients and referral sources.

Branding is not personal

Supermodels and a certain group of raven-haired sisters (and their mother) in southern California seem to have done very well with the personal branding concept,  but that doesn’t hold for the rest of us.  Unless you were lucky enough to have held a job that allowed you to publicly build a reputation amongst prospective clients,  or you descend from a prestigious family,  the differences that you (and I) point out to clients are only differences and not distinctive competitive advantages.  We are the same, only different.

Strategic, original, relevant, concise

If you have the time and inclination to delve into the content marketing fray,  be strategic about the process, most of all. Have a clear and defendable purpose.  My purpose for producing this blog since June 2009  has been to

1.demonstrate that I have good business judgment

2. demonstrate my writing skills

I’ve referred prospective clients to the link for this blog and the strategy has been successful.  I’ve gotten at least three clients,  including a (modest) book editing assignment,  my first. Editing two newsletters also helped me to snare that gig.

Further,  read about business topics in places like The Financial Times,  The New York Times, Business Week,  Inc. Magazine,  the Harvard Business Review and other credible sources. Those can become your inspiration,  along with your owned lived experience,  to generate original content.  Do not bother to try and pass off groupings of links to articles as your blog or newsletter content.  Do not insult people.

Finally,  whatever your topic, two and a half pages of text, or 1000 words, has got to be your max. When writing this blog,  I start thinking about creating a two-part post if I surpass 800 words. Attention spans are not what they used to be in this noise-filled arena of experts.

Thanks for reading,

Kim

 

 

 

 

 

 

 

Marketing , , Leave a comment

The Elements of Your Brand Story

by

A perennially engaging way to tell clients and prospects about you and your business venture is to spin a good story, ideally one that contains a compelling case study that spotlights your problem-solving ability, creativity and expertise. Everyone enjoys and remembers a good story; they usually feel connected in a positive way to people who tell them well. Expert storytellers have the ability to captivate an audience and gain their trust.

You may never become a TED Talk-worthy storyteller, but it’s still possible for you to devise a more than adequate brand narrative that effectively illustrates what you do; describes your typical clients; and gives an overview of the positive solutions that you create for clients. Your ability to tell the story will improve along the way.

Consider storytelling to be an element of your leadership development process; the most highly respected and popular leaders are excellent communicators and good stories are often included. Those leaders are persuasive. They are likable.  They generate trust and respect and there is great confidence in their abilities. As you brainstorm the elements of your brand story, try organizing your thoughts around the following:

  1. Who you are and what you do

Share a sliver of your personal details, to help your audience understand who you are and what matters to you. Don’t be afraid to break out of the expected corporate mode (while maintaining your comfort level boundaries). Segue into the services that you provide and/or products that you sell. Be succinct, clear and thought-provoking as you describe the needs or problems that you and your team address and resolve.

There may be no distinguishing factors to your work philosophy, but do mention your commitment to excellence and exceeding expectations. Inserting a paragraph about your volunteer work could be helpful. Whether your volunteer work is with those who are trying to improve their professional skills or in some aspect of the arts, that knowledge gives prospects and clients a good sense of your values and portrays you as a community-oriented, well-rounded professional.

2. Why / For whom you work

Name the usual customers that you work with: Fortune 1000 life sciences companies, small not-for-profit arts organizations, or whatever in between.

3. How you do it

Insert case study. The challenge is how to describe what you do without betraying client confidentiality, your proprietary secret sauce,  or overloading your audience with confusing details.  On which projects did you (and your team) deliver the goods that made a difference? Write it down, edit well, rehearse out loud and perfect the telling.

4. Outcomes / Proof of success

Potential clients must feel confident that you and your team will meet, if not exceed, their expectations.  Sharing an example  of a compelling client success story paints a picture of you in action and at your best.  Start with a description of the challenge or difficulty that these clients faced when they came to you.

Next, in simple and concise language (and preserving client confidentiality), explain selected highlights of what you did to achieve the desired results and why you chose that particular course of action. Conclude with an overview of the key benefits that the clients have received now that they’ve worked with you.

Tell case study stories that encourage prospective clients to identify with the challenges or problems that you resolved, so that they will be inclined to feel that hiring you is a smart move, one that will make them look good in the eyes of their superiors, colleagues and staff.

Thanks for reading,

Kim

 

Marketing , , , , Leave a comment

Pricing Primer for Freelance Service Providers

by

“The business world is driven by the desire to increase three elements: market shares, sales revenues and of course, profitability. Pricing is the key player in any strategy concerning the growth of these three goals.”   Mohammed Nosseir, Senior Marketing Adviser, Simon-Kucher & Partners, Middle East

Determining the pricing structure for intangible services provided is a real challenge for Freelance consultants. What is the value of our time and expertise in the open market? What if we promote our services, set the price and no one hires us? Should we lower our project fees? Can we ever raise prices?

Clients are motivated to spend as little as possible for the products and services that they require. However, they are known to pay premium prices when they “feel” that a particular product or service delivers exceptional value. That value can mean an expert solution to a business challenge; a long-lasting product that performs very well with little maintenance; the ability to meet a deadline; or other factors that have meaning to the decision-makers.

Often as not, different clients will have different priorities that define what is valued. It is the Freelancer’s job in the initial face-to-face client meeting to figure out what the client feels is important. That knowledge will achieve two objectives:

  • You will know the expectations that must be met (or preferably, exceeded) to justify a premium price.
  • You will know how to price, based on the time or other resources that will be devoted to meeting and exceeding client expectations and you will grasp the urgency of client needs, which impact your price.

Most likely, there are standard benchmarks and signifiers of high-value service in your industry and they should be incorporated into your marketing and operations, along with other value-addeds layered on as necessary. Knowledge of what competitors do would be most helpful as well, but it is very difficult to learn how competitors deliver their services or price them. Nevertheless, it is advisable to choose three or four to research. Visit websites to learn what services your competitors offer and how those services are described and packaged. Then, you can better identify potential competitive advantages for what you have and find a way to describe your goods.

It may sound like an obvious no-brainer, but part of your premium value-added that will be reflected in your pricing strategy should be your positive attitude and willingness to help prospective clients find the best solution to their business needs. Friendliness and the aim to genuinely want to offer good service go a long way in life and in business. Showing a good work ethic is likewise important.

For example when on an assignment, pay attention to emails. While I don’t recommend that one should be obligated to answer emails that a client dashes off at 3:00 AM (unless this is an urgent and high-revenue project), check emails through 10:00 PM and resume at 7:00 AM. If you can anticipate client needs, so much the better, They’ll think you’re a hero and will be happy to pay for the pleasure of doing business with you.

Step by step, client by client, focus on exceeding expectations on every project, building the trust and confidence that lead to a respected brand (reputation) as you do. You will receive referrals from satisfied clients (and you can also make referrals to your clients, enhancing your brand each time you do). Good brands create good word of mouth and that supports and justifies premium pricing.

As Mohammed Nosseir concludes, “Pricing has been, and will continue to be, the most complicated element in the marketing mix family…A proactive pricing structure will help companies…to maximize their profitability.”

Thanks for reading,

Kim

Marketing , , Leave a comment

Marketing Metrics That Matter

by

Every business that aims to be sustainable must engage in some level of marketing activity, whether traditional marketing that utilizes retro resources such as press releases and print ads or content marketing, that makes use of social media, blogging and the like. But the benefits and ROI of marketing campaigns are often devilishly difficult to evaluate. How does anyone know what the organization is really getting from the marketing campaigns (and budget) and what is the value of whatever that might be? Furthermore, what are the outcomes that matter in marketing? Let’s ponder the benefits that marketing campaigns have the potential to generate.

Since recent data is available, we’ll focus on content marketing. According to the Content Marketing Institute, 85% of B2B and B2C organizations participate in content marketing, yet only 21% of those who devise content marketing strategies are able to measure the ROI. Among the elements that marketing execs usually design their strategies to influence are:

  • Brand awareness and loyalty
  • Customer engagement
  • Lead generation
  • Referrals
  • Sales
  • Up-selling

Before campaign focus decisions are made, it is advisable to select which of the above elements—may we call them objectives?—that your organization would like to impact. To make those calculations, one must understand the value and expected ROI of the chosen objectives. They are not of equal value.

Promoting brand awareness and loyalty is a wonderful objective and if yours is a B2C operation, it is much easier to achieve. Can a typical B2B Freelancer who sells a service ever build a brand that is truly distinctive? Rarely, I will guess. Usually the brand is a cult of personality that a well-connected person has been lucky to attain, typically through family or  industry connections. Or maybe it’s the home town high school football hero who goes into business and benefits from his playing field reputation, subsequently known as his brand.

My experience indicates that the average B2B Freelancer should approach (personal) branding activities and brand awareness with a grain of salt. Keeping one’s name in play is an admirable ideal, but business is mostly garnered through referrals and not through the number of times that potential clients see your name.

About customer engagement — do you have the staffing to seduce those with too much time on their hands into bonding with Pinterest, Twitter or Facebook feeds from your organization? Beware the Pandora’s Box that customer engagement can become. Giving information and getting uncensored feedback is great. Ongoing dialogues with the bored or self-important are a waste of time that you cannot afford.

Lead generation keeps the sales pipeline filled, but what is the most effective marketing strategy for a service-providing Freelancer to influence that objective? As far as I’ve seen, viable leads are created face-to-face. Potential clients may read your blog or newsletter, watch you on YouTube or read your case studies, but they are highly unlikely to hire or refer you unless they meet you in person and even then, they prefer a personal endorsement of your work from a trusted source. Content marketing is not so effective here. Get on the teaching and speaking circuits to allow potential clients or referral sources to hear what you know and develop trust that can lead to some business.

After all is said and done, encouraging referrals, sales and up-selling must be the prime objectives of any marketing campaign and they are the only metrics worth measuring. The number of social media followers, website page views, newsletter sign-ups and blog post comments are vanity metrics and meaningless, because they do not correlate with revenue. Those people are just a bunch of hangers-on.

Successful marketing campaigns pave the way to revenue generation, meaning sales. Savvy marketing makes your operation look desirable and trustworthy and persuades those with money and motive to take a second look. Marketing messages can be used in sales presentations to continue the theme. A well-conceived marketing message will also open the door to up-selling and add-ons.

Referrals are a different animal, though, and for both B2B and B2C ventures are most directly impacted by your organization exceeding expectations and creating a cadre of satisfied customers who sing your praises to other potential clients.

In sum, B2B Freelancers can forget the vanity marketing objectives and focus on creating campaigns that enhance the perception of your expertise, along with the services that you provide. Marketing messages that address the usual client hot-buttons and position your business as the solution are the most effective. Nevertheless, word-of-mouth referrals are the best way to bring in business and that process is independent of marketing.

Thanks for reading,

Kim