Category Archives: Marketing

Branding, networking & promoting your business

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Networking: Beyond the Golf Course

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Through the late 1980s, physicians typically did not have office hours on Wednesdays. On Wednesdays, doctors were at the golf course. There, they got to relax and know their colleagues better. No doubt they talked about upcoming vacation plans and the college graduations of their children. They talked about difficult patients and what therapies could be used to treat them. Referral relationships between General Practitioners and specialists like Cardiologists and Nephrologists were formed. In other words doctors, who for most of history were independent business men in charge of their own incorporated empires, used Wednesdays on the golf course to network.

The time-honored custom of networking on the golf course still thrives and it now includes a small percentage of women as well as men, who still predominate. In your Freelance consultancy, I suggest that you consider including a sport in your networking activities. You may prefer a sport that is less costly and time-consuming than 4 hours on a golf course.

Consider inviting current or prospective clients and referral sources to visit the tennis courts, drop into a spin, yoga or Pilates class or go out for a run or bike ride. Networking without the presence of food and drink can be very productive. Elisette Carlson, founder of SMACK! Media, a marketing and PR firm that focuses on the sports, health and fitness industries, recommends that we take advantage of the warm weather that has finally arrived and invite networking targets for what she calls “sweat-working”. Like the doctors on the golf course, connecting around an activity encourages the formation of much more meaningful relationships than what will grow out of a restaurant or office meeting. The trick is, getting a client to accept your invitation.

Inviting prospective clients for a round of golf is easy, because the practice is standard among businessmen and golfers love to find each other and get out on the links. Persuading someone to visit a Pilates class requires a strategy and not a small dose of good luck. Still, it’s worth a try and you will not be hurt if your offer is declined.

First, you must assess whether your prospect is the physical sort. Golfers can be in less than prime condition, but unless your prospect appears to be fit, you will have no success in persuading him/her to join you in a physical activity. Next, you must discover the activity that your prospect likes that you can also keep up with. Business owners can successfully use this approach as well, by inviting the employees of a B2B partner out for a group activity. It can take place on the golf course, but a level 1 hike or private beginner-level boot camp class can also be arranged at a local fitness center. What an excellent team-building activity can be designed!

If you know that your networking target bikes to work and you ride, too, then by all means suggest a bike ride, maybe with a riding group. A Pilates class is likely to be a safe bet also, because it’s cross-functional, does not require a sophisticated skill set and most classes are only an hour. Yoga may require a somewhat higher skill level and all classes seem to be 90 minutes, but it’s nonetheless work a try. Avoid “killer” classes, unless your prospect shows enthusiasm for high-level fitness. Your goal is to promote social interaction and a good feeling from a pleasant little workout and use that as a springboard to relationship-building.

The timing of the “sweat-working” session is also crucial. My vote is for early morning, but some may have no problem with either lunch time or evening. The preferred time of your networking target is the time you go with, obviously. Remember also to ask your prospect what a good location would be—near his/her home (for an early morning workout, in particular) or office and take into consideration where the post-workout shower can happen.

During the workout, watch your prospect and monitor whether s/he may want more or less activity. Do what is necessary to create a satisfying experience. If a contest is suggested, or if score is kept in the activity, the client must win, if only by a nose. If there are regularly scheduled games, then the client wins 65% of the time.

If you can set it up right, outdoor or indoor physical activities will provide a whole new dimension to your networking activities, becoming relationship-building vehicles that your business can monetize.

Thanks for reading,

Kim

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Media Training Gives You Media Savvy

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Journalists are constantly on the lookout for interesting and engaging stories that will become the relevant content that consumers of their visual, print or online outlets seek out. Freelance consultants must always encourage the existence of confidence in our abilities and media exposure may be employed to help us to achieve that aim. We must become adept at the art of selling ourselves, that is our capabilities, to target audiences through various media channels. When we make ourselves available for commentary tin the media, we position ourselves in a very powerful way and assume the mantle of authority in our subject.

To maximize the benefits derived from your media exposure, explore ways that you might receive some media training.  Media training will make you much more effective in your interactions with journalists and the technology and teach you how to get your message across succinctly and with impact.  You will be on your way to becoming an effective spokesperson and journalists will return to you again and again for expert commentary on issues in your field.

Speak in a way that builds confidence in your expertise

Our body language, tone of voice and vocabulary help us to deliver our message in a positive and powerful way. When speaking on television, facial expressions and body language can overtake the value of verbal content. As example, think of political debates, televised or not. Many politicians have been declared the winner of debates primarily on their communication style. That their action items were noticeably weaker than their less glib opponent gets lost in the shuffle.

Learn how to best define and communicate your key messages

Being savvy with body language and facial expressions and knowing how to look into the camera are all good, but it’s even better when we have a relevant message or information that is communicated clearly and concisely. Media training will teach you how to speak in “sound bites” : short, easy to remember statements that focus on outcomes and information that concerns the audience, spoken in language that resonates with the audience. Three points seems to be the magic number that audiences will recall in days that follow the interview.  Once you’ve enumerated your messages, you can loop back and reinforce them throughout the interview.

Anticipate difficult questions and learn to design a clear and credible response

Journalists often take a perverse pleasure in throwing interview subjects a question that might stop them cold or undermine their message. The journalists want to maintain credibility with their audience by showing that they’ve done their homework and demonstrating that don’t traffic in powder puff interviews. Media training will prepare you for challenging questions and help you learn how to anticipate the difficult questions that might be asked and to finesse your way out of tight spots, whether or not you expected that line of questioning. This skill above all others will help you to feel confident as you step into the interview.

Learn how to control your interview

The interview subject is always in control. Media training will teach you how to assert your dominant position, graciously. First, those who have clear answers that are communicated well are able to steer the interview in a direction that benefits them.  This is a subtle and yet hugely important skill. One can never stop practicing. A very close second is that through media training, one learns to maintain composure, which is a defining element of trust, the appearance of competence and professional stature. S/he who maintains composure can create the outcome that is desired.

Reduce the chance of being misquoted

Under no circumstances do you want your message to be misinterpreted in any way. Being unprepared for an interview leaves one in a very vulnerable position. Credibility and reputation are at risk. Learning, practicing and perfecting the skills of defining the most important points of your message; delivering the message in “sound bites” that help the journalist as well as the audience to understand your position; learning how to control the interview;  and learning how to finesse difficult questions, all the while maintaining your composure, will make you an in-demand media darling whose brand and billable hours will be greatly enhanced.

Thanks for reading,

Kim

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Marketing Commute: Inbound and Outbound Traffic

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It is now a given that every Freelance consultant and business owner will develop an inbound marketing strategy that will support sales and diminish the need for cold calling, which is getting increasingly difficult to do successfully in the face of the wall that prospects are able to build around themselves. Inbound marketing consists of quality content that is designed to  “pull in” prospective clients who will be able to understand how your products and services can be of use to them. Outbound marketing often refers to any print or online information and promotion about your business venture (and that includes your social media accounts), advertising, press releases sent, your speaking and teaching assignments, webinars you headline and local charity drives in which your business participates or sponsors.

Inbound marketing makes a more direct appeal to your target markets and has the potential to reduce the amount of cold calling that a Freelance consultant or small business owner must do. However, be aware that inbound marketing aims for the more distant future, whereas outbound marketing aims for a more immediate time frame. Inbound marketing tends to have the longer ROI cycle; most businesses would starve as they waited for sales generated primarily from inbound marketing. Consider it your lead generator. Outbound marketing has the potential to produce a noticeably shorter ROI cycle. Today, both marketing formats are synergistic and necessary.

When creating content for your inbound marketing choices, be mindful that you must periodically speak to potential clients as they travel through the various stages of the buying process—and be aware that it is the buying process and not the sales process that presently rules the day. Some prospects will have a low-level interest, more like window-shopping. Others are more seriously contemplating a transaction, to take place in the more-or-less near future. Still others will need your product or service right now, because proposals are being accepted, or there is an emergency and they need a remedy ASAP.

The types of inbound marketing content and the way you choose to broadcast it depends on what your potential clients respond to. Compelling information is what they value and nothing more. Trial and error may be the way to choose your channels: weekly blog or monthly newsletter emailed to contacts; Twitter, Facebook or Instagram posts; white papers posted to LinkedIn and your website; YouTube videos or SlideShare infograms uploaded to social media accounts.

Reaching out to the various segments of your audience in different ways matters. In a truly comprehensive inbound marketing campaign, text, audio and visual methods of outreach will be represented. Once you’ve figured out your inbound marketing channels, then decide on the content to present and how often you will do so. Relevant content is a must; consistency is required; over-exposure is not recommended.

So many business owners are vying for attention. The noise causes many potential clients to shut down. B2B clients are usually over-worked and have little time for what is not immediately necessary. Unfortunately, many operate on a short-term vision.

One thing marketers must do is master the call to action. Like a sales call, one must know how to ask for the business, or at least how to persuade the prospect to take another step on the path to buying from you or engagement with you. Your call to action may be as simple as providing visible contact info plus an offer to give 30 minutes of free consultation. Your newsletter or blog must allow for easy subscription sign-up or RSS feed.

All marketing campaigns have the same goal: to create awareness of you and your products and services; to provide information about you and your business; to help prospective clients understand how and when your products and services would fulfill their needs; to give demonstrations of the quality of what you sell and your expertise in delivering the goods.  Marketing is how to fill the sales pipeline and helps business owners become less dependent on cold-calling, which is increasingly a road to frustration. It is up to you as a business owner to implement inbound and outbound marketing strategies that will sustain your venture.

Thanks for reading,

Kim

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Market Research Matters

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“If you build it, they will come” is a myth. When evaluating the likely prospects of a business venture, new product or service, or entrance into a new market, good market research is your non-negotiable Step One.  The ability to create and sustain profitability must be demonstrated up front, in advance of committing time and money to its launch.  The only way to reliably predict whether your shiny new idea has broad appeal is to carefully research the marketplace and examine the story that emerges.  The good news is that if you are onto something, market research will help you define the size and potential of the market; decide how and when to enter it; reveal how target customers prefer the product or service to be described, packaged and delivered; the acceptable price range; and show you how to achieve market penetration and profitability goals faster.

Many decision-makers are uncertain as to the type of data that is relevant and the advent of big data has unfortunately complicated matters.  There is copious data available, but what will help your team to make the best decision?  Dionne McPhatter is a market research guru and co-founder of The Strategy Collective, a New York City and Los Angeles marketing firm that builds custom analytics that help clients better understand their customers and make more informed business decisions.  McPhatter  recommends that decision-makers identify what is called in market research circles the “path to purchase” and arrange for the product or service to touch as many “landmarks” as possible.

Some relevant data is free, or inexpensive.  Google Trends is free and a decent place to start your search and learn how many people in your city last year searched key words associated with the product or service (I found the now-defunct Google Wonder Wheel far superior, however).  Learning about competitors who provide your service, or something similar or complementary to it, is also revealing.  Tour a few of their websites and figure out business models and marketing messages.  If you are thinking about launching a business, you will write a business plan and do lots of research.  Contact your local library to learn about business reference material such as industry magazines and demographic information.

Further, there is value in spending some money and visiting professional organization meetings and attending conferences, so that you can meet prospective clients and learn the expectations and value they place on your product or service.  Listen and learn and discreetly take notes.

As you collect and examine data, a picture of the target customer groups,  competitors and the overall marketplace will begin to emerge.  The downside is, those who amass a large amount of data can become confused about what is relevant: the data threads may be too numerous to easily prioritize.  The challenge of decision-makers is to discover the relationships and triggers between the data points and eventually see what motivates clients along the path to purchase.  From there, you can confidently develop goals and objectives, strategies and action plans and a business model that will build and sustain a profitable launch.

Thanks for reading,

Kim

 

 

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How Much Free IP?

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Absorbing your Intellectual Property, distributed free of charge by you through content marketing, is one way that potential new clients make their hiring decision. They are not sure if you are worth the investment represented by your fee for service, so a factor in the hiring decision is the perceived value of your free content. Does the prospect find it helpful and credible?

Your blog, newsletter, white paper, podcast or webinar demonstrate your authority and may help to convince a client who needs reassurance about your expertise.  A prospect who discovers your online content in theory could reach out and propose getting together for coffee, or scheduling a quick call to get some questions answered.  Or maybe you offer a free 30 or 60 minute consultation call as part of your services?  Either way,  remember that you are in business to get paid and giving away free advice does not necessarily lead to a contract.

Preserve the value of your IP

When you too often give away your expertise, the incentive to pay for it decreases. Scarcity and unique value must define your services.  You deliver the desired results and for that you are paid a premium price.

Establish boundaries because time is money

Your time and expertise are your most valuable resources and it is essential that you monitor their expenditure carefully. If you agree to speak with a potential client at no charge, do not allow the conversation to turn into a fishing expedition.  Answer two or three important questions and then let it be known that if more information is needed, an hourly rate will be instituted.

Gaining experience

If you are early in your Freelance consulting career, you must build a client list. If you have a new service that you’d like to test market, you will need exposure.  Selectively offer your services gratis, for a limited time.

Pricing

There are times when adding a free service upgrade is a way to maintain your pricing structure in the face of pressure to lower your fee.  The cosmetics industry does the very well when a free gift with purchase is offered to customers.

Thanks for reading,

Kim

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Get Your Arms Around Content Marketing

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Was it two or three years ago that the term  “Content Marketing ” entered the marketing lexicon?  I first addressed the subject in March 2013  https://freelancetheconsultantsdiary.wordpress.com/2013/03/05/content-marketing-is-the-new-ad-copy .  Back in the day,  advertising strategy focused on which publications would reach the most potential customers at a price the business could afford.  Depending on your business,  traditional advertising can still deliver the desired ROI,  but Content Marketing cannot be ignored.  It is the conduit to engaging with customers on a granular level.  Through it,  we are able to reveal our understanding of customer priorities and challenges,  build trust and credibility as a result of that understanding and demonstrate how and when they might benefit from using our products and services  (and in that order,  BTW).

KISSmetrics CEO Neil Patel defines Content Marketing as  “…the way for a business owner to educate your customers and potential customers about your products and services.  The goal is to offer tips,  help and education about anything that can be helpful to a customer.  This kind of information can be shared in the form of a blog, white paper, webinar, video or social post.  The opportunities are endless.”  Michael Brenner,  a Forbes Magazine Top 40 Social Media Marketer and head of strategy at NewsCred,  points out that  “Small businesses don’t have the luxury of massive ad budgets…they need to drive brand awareness and (sales) leads with limited resources.  Content Marketing is a great way for small businesses to do both.

Great.  Now let’s get you started on creating Content that’ll do some good.  First,  define the Content you should create,  i.e. the Content that your customers value,  presented in a way that will make them tune in to your message.  Think carefully and from the customer’s viewpoint about the reasons that they use your product or service: what are they trying to achieve and what information would they appreciate as they strive to examine and resolve that process?  Chatting with customers about their business goals and challenges and getting a better handle on where your products or services fit in will give you some guidance.

Shelly Kramer,  CEO and founder of V3 Integrated Marketing,  insists that you will benefit from applying what you learn from your research to your strategy and,  just as important,  commit it to writing.  “Write down your strategy.  The key is to tie your overall business goals and objectives into your Content Marketing strategy”,  she says.  Kramer is very astute as she reminds Freelancers and business owners to remember the big-picture marketing strategy for the enterprise and incorporate Content Marketing,  including social media,  in that picture.  “Social and Content have to work together in order for you to be successful….you can’t have success with Content without a robust presence in the social media space and….understanding the role that fresh,  relevant Content and social media channels play.  There is great Content being published on corporate blogs on a daily basis that no one ever sees.”

Next,  choose your delivery system.   Do customers visit your website often?  Then maybe posting a white paper once a month or writing a weekly blog will work for you.   Are customers part of your LinkedIn group,  Facebook fan page,  or do they follow your business on Twitter?  Add those icons to your email signature block and your website to make social media connections that alert customers to your Content an easy process.   A monthly newsletter is another great Content Marketing strategy.  It’s the savviest form of email marketing  (include an opt-out feature).

Fresh and relevant are your operative words,  as Kramer notes.  Volume,  value and variety are your other guideposts.  Brenner says “(Volume)….starts with this notion that you need to be present in our always-on,  always connected world.  The second thing is value.  Your Content has to be good.   I always recommend that brands identify what they want to talk about and then make every effort to produce as much valuable Content around those topics as often as possible.  The final tip is about variety.   People (and search engines)  reward those brands that deliver value in multiple ways,  so think about text-based articles,  videos,  SlideShare presentations,  research reports  (white papers) and all the different things we consume across the digital,  social and mobile web.”

How do you measure ROI and recognize success?  Patel offers 3 specific steps:

  • Track Content views
  • Use Google Analytics (free) to track which types of Content drives visits to your website
  • Measure your search traffic

Patel advises “You have to give it time.  Don’t expect great results in 3 months or 6 months,  but you will see traction.  Within the first 3 months you should see more traffic to your site.   Within a year you should start to see good results and an opportunity to monetize traffic on your site.”  Patel concludes  “Good Content Marketing builds trust.  If someone trusts you,  they are more likely to buy your products and services and more likely to tell their friends and family.”

Thanks for reading and Happy Thanksgiving,

Kim

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Notes on Networking

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I’ve been thinking about networking lately.  Last week,  I had a great meeting with a young lady I met maybe 5 years ago,  when I revived a volunteer relationship with her organization.  I found the volunteer activity personally rewarding and I took it seriously.  I sharpened a seldom-used skill that I find highly desirable and I saw to it that my work met or exceeded expectations.  Scheduling prevented me from donating services for a couple of years,  but I always responded to her outreach. When she asked to pick my brain about a program-related matter,  which turned into a request for a face-to-face,  I was happy to say yes.

Little did I know that the volunteer service,  that is pro bono consulting work,  will now pay a stipend.  There is also an effort to grow the program.  The organization has had trouble selling to the new target market and I was happy to suggest some talking points that should produce results.  She took lots of notes.  Sometime over the next few months,  I expect that I will be invited to provide more pro bono work,  this time with a very helpful stipend and a chance to gain access to individuals that I would like to add to my client list.

What’s the moral of this networking story? One,  strategic volunteering can pay dividends.  Two,  selectively network at both ends the organization chart.  Don’t assume that lower ranking people are never in a position to help you.  This young lady was the program coordinator,  not a decision-maker and she’s half my age.  Nevertheless,  I treated her with respect and always enjoyed working with her.  When asked,  I offered to give her some much-needed insights,  without knowing that she is now in a position to help me make money.

Of course,  we all dream of meeting a powerful person who will miraculously agree to become our sponsor and shepherd us into a fabulous career.  That happens for some people,  but it has yet to happen to me.  For example,  for more than a decade I regularly attended Mass and sat at coffee hour with a very wealthy and well-connected lady who frequently discussed the professional success she had had before her retirement.

The lady was well aware of my need for clients and yet she never lifted a finger to help.  She who had never walked through a door that was not opened for her,  deliberately withheld from me.  Yet,  she never failed to enlist my help with her Sunday amusement—the New York Times crossword puzzle.  It is interesting,  because she sought me out for conversation and volunteered information about her career and connections.  I should have been golden.  Oh, well.

But how does one network successfully at the top of the organizational chart?  As detailed above,  interacting with someone who is inclined to respect you is rule #1.  Remaining aware of the difference in power and status is rule #2.  Understanding how you can be a valuable asset to an individual who has many resources and most likely doesn’t need anything from you is rule #3 and effectively communicating to Mr. or Ms. High-and-Mighty whatever value proposition that you think might be appreciated is rule #4.

There are no hard-and-fast rules for networking up the food chain,  but despite my fruitless experience,  which I will say is unusual,  networking with the higher-ups is best done at volunteer board meetings,  houses of worship,  at the fitness center,  or in other non-work related venues.  There are many people tugging at the sleeves of the well-connected.  It’s probably best to get to know them in a social situation that facilitates participating in a shared experience that can lead to organic relationship-building.

Thanks for reading,

Kim

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10 Ways To Reboot Your Email Marketing List

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E-newsletters,  webinars,  Slide Share info-graphics and other email marketing content can go as flat as an open bottle of champagne after a while.  Business in the 21st century is sort of like show business,  folks.  Gypsy Rose Lee said it best,  “You’ve gotta have a gimmick”.  You need to know how to hold your audience.  For that matter,   you’d better know your audience well enough to recognize when they stop paying attention.

Assuming that the content you provide is relevant to potential readers and not just a 3 page sales pitch about you,  wonderful you,  there may eventually be a drop-off in the email open rate.  Attention spans are short and email in-boxes are filled to the brim with all manner of messages.  But you can’t afford to lose control of your “room”,  your list members.  Presumably,  that list is populated with clients,  prospects and referral sources.  They are the life blood of your business.  How do you win them back? Try these tactics:

1.   Examine your stats and identify who is not opening your emails.  Studies show that 60% of email marketing communications are never opened.

2.   Prune the list.  Facing up to audience members who have fallen out of love with you takes courage but like any love affair that’s over,  it is best to move on.  Resolve to remove the non-readers.  Carol Tice, who founded the Freelance Writer’s Den and maintains a formidable email list,  sends her non-readers an email and asks if they would like to remain on the list.  The overwhelming majority do not respond and their names are removed.  A handful ask to continue.  You will feel better when you do the purge.  You’ll have an open rate that makes you smile.  You will know that the creative energy and hard work invested in your content marketing will be appreciated.

3.   Ask list members to update their email information.  Your open rate could improve just by allowing readers to have communications sent to an alternate email address.  Those who don’t respond after a second or third reminder to update their info are clearly not interested and can be removed from the list.

4.   To maintain the interest of readers who remain,  especially if your open rate is dropping,  take a look at your subject line.  A well-written subject line is a siren song to potential readers.  See  headline hooks that reel in readers

5.   Include a tempting call to action and name it in the subject line.   A Survey,  free webinar (hosted by you or someone whose expertise you trust),  or a white paper on a subject of interest to your readers re-establishes your relevance and will persuade a certain percentage of non-readers and infrequent readers to click and engage.

6.   Think mobile.  In July 2014,  Forrester Research reported that 42% of emails from B2C retailers are opened on smartphones and 17% are opened on tablets.  Customize your email communications for responsive design,  so that reading will be easy on mobile devices.  Make it convenient for all potential readers to open your communications.

7.   Send on a regular schedule.  Frequent readers of this blog know that Tuesday is publish day,  even if Christmas or the 4th of July fall on that day of the week.  You may prefer to publish on a given date.   Whatever you do,  establish and adhere to a predictable publishing schedule.  Readers appreciate it more than you may realize.  Make readers anticipate receiving and reading your communications.

8.   Build your list.  Organically and with permission,  build your email marketing list.  You should have met each person on your list at least once.   At the email campaign launch,  send to all business contacts along with an introductory message that announces the debut,  explains the benefits to readers,  reveals the frequency (weekly or monthly)  and provides an easy and effective opt-out.  Resist the temptation to add to your list the names of everyone who hands you a business card.  When speaking with people,  do mention your email marketing campaign,  give examples of the subjects covered and how often you send.  Ask if they would like to receive at least one and let them know that if they choose to opt out,  that can be easily and quickly done.

9.   Personalize.  Whatever service sends out your emails should include a greeting to the individual recipient.

10.  Sign me up!  On your website and social media,  allow interested parties to sign up to receive selected email marketing communications,  register for webinars or receive a copy of any white papers.

Content marketing is the new advertising and emailing your content is the best way to reach clients and prospects who no longer answer the phone.  Create a viable list by continually adding and purging members to enable your campaigns to deliver optimal ROI.  Draw in readers with relevant content and intriguing subject lines.  Format in responsive design to include those who prefer to read on mobile device.  Fulfill expectations by publishing on a regular schedule.

Thanks for reading,

Kim

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Customer Data: Collecting and Utilizing

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Big data and data mining are buzzwords that have echoed frequently in the business press during the past three or four  years.   The noise level has caused business leaders to feel obligated to collect data from as many customer interactions as possible.   OK,  that’s very ambitious of them,  but now what? There is a lot of talk about big data and data mining and increasingly there is some action,  but the dust has not yet settled.  Many organizations are struggling with how to interpret,  utilize and store the copious amounts of customer data now in their possession.

Customer information is always useful,  but does data collection have meaning for small businesses and Freelance solopreneurs?  What information should a Freelancer collect and what do we do with it once we have it?  Do big data and data mining have any use for the little people?  The answer is yes,  but no.  Big data and data mining are of most use to the bigger players,  who use the costly to acquire information to fine-tune product offers to millions of current and potential customers.

Freelancers and small business owners can start with their client list.  Who has done business with you over the past five years? Who are your repeat customers?  What do they buy from you and when do they buy it?  If you have not done business with a B2B or B2G client in the past two years,  is your contact still at the organization and is s/he still in the same position? Are B2C physical and email addresses current?  Visit company websites and view the staff lists to confirm email addresses,  telephone numbers and job titles.

Customer data might give you ideas on how to improve customer service,  cause you to re-think your pricing strategy,  or help you to discover unexpected talking points for your next email marketing campaign or monthly newsletter.  Your customer data might prompt you to reconsider good customers of years past and get you thinking about how to win them back.  Updated customer information will make it easy for you to send out holiday cards in December to your B2B and B2G clients and do some relationship-building,  an important element of customer retention.

Online customer surveys that are accessible on your website and also emailed to your customer list have the potential to bring in still more useful customer data.  Learn how to devise a survey that makes it easy for customers to share the information that you want.  Keep the questions simple and don’t ask more than 10 to achieve the highest rate of participation.  Freelancers may also want to send out post-project surveys with the final invoice.

Social media outlets are another excellent source of customer data.  Social media have a way of bringing out uncensored thoughts and you might be surprised by what you learn.  Are your customers willing to engage with you on Facebook,  Instagram,  LinkedIn or Twitter?  Will any join in a Google + Hangout and join in a voice and video live chat?

Collecting data from many touch points is potentially very useful for every business entity,  but what you make of it and do with it are what matters.  Freelancers and small business owners can use customer info to improve revenue by way of expanding billable hours or sales of current customers;  re-establishing business with lapsed customers;  new customer acquisition and relationship-building.  Small data can yield big results when properly interpreted and utilized.

Thanks for reading,

Kim

 

 

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The Buying Process Is In Effect

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In 2012,  the global research and advisory firm Forrester Research reported that clients are as totally in the driver’s seat as we all knew anecdotally and that product and service providers have much less influence over purchasing behaviors than we enjoyed a decade or two ago.  We have left the era of the sales process and entered the realm of the buying process.  It is time to readjust your approach to marketing and sales in response to the new reality,  because what was will never be again.  Our clients are making decisions largely without our input.  Many sales professionals and consulting specialists aim to present ourselves as  “trusted advisers”  who guide the sales process and influence customer choices,  ideally for the good.  Say goodbye to all that.

According to the Forrester report,  clients now discuss product and service needs and options with their own team of trusted advisers,  which may include unknown third-party  “experts”  they find on websites like Yelp and Angie’s List.  How far along in the buying process that clients proceed without us varies by industry,  but the report indicates that 65% -90%  of the research process is often completed without assistance from sales professionals or consulting service providers.  By the time the client is ready to make a purchase,  much up-front research has usually been done and only vendor price quotes are needed.

Clients like the control of being in the driver’s seat.  A mistrust of sales practices perceived as unsavory,  combined with access to technologies that allow clients to rather easily research product and service needs once they’ve been identified,  are the driving forces behind the client independence.  Many are leery of being manipulated into paying for upgrades and add-ons that do nothing for their objectives.

In the flip from sales process to buying process,  your marketing strategy will become more prominent and your approach to sales will change.  Your marketing must first create visibility and awareness,  so that prospective clients will find your firm’s offerings and second,  create and sustain demand through exquisitely targeted messages and narratives dispensed through channels that clients trust and follow.  Content marketing will continue to grow in influence as it is distributed through your website and all social media outlets that clients trust.

Develop your content marketing to explore and discuss motivating factors that compel prospective clients to research your products and services,  solutions that you provide and benefits that clients receive,  frequently asked questions and how to buy from you.  As has long been said in academic circles,  publish or perish.  When not generating content,  do what you can to get in front of an audience and teach a workshop,  moderate a panel,  or give a presentation and further your brand as a source of expertise.  Remember also that traditional media outlets may still be important to your clients,  so the art of the press release should not be forgotten.

Whither the role of sales?  Rather than being reduced to mere order takers,  consulting service providers and sales professionals will apply their well-honed communications expertise to identifying networking opportunities and building relationships.  Content is king and having lots of good things that demonstrate your expertise come up in a search is a wonderful thing,  but in my town,  no one hires anyone that they don’t know.  If a prospect does not already know you,  then an introduction made by someone whom the prospective client trusts is the next best thing.  No amount of artfully written content will convince anyone to hire an unknown.

Networking will be the queen,  as you meet potential clients and referral sources and take the time to build relationships,  taking an interest in others’ concerns and offering to give before you receive.  The B2B buying process is a tall order for a Freelance consultant,  but we are determined to succeed and we will rise to the challenge.

Thanks for reading,

Kim