Category Archives: Marketing

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Boost Social Media ROI

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Like nearly all Freelance consultants,   I engage in social media  (LinkedIn)  for professional reasons.   I have yet to obtain a client through social media interactions  (my business is nearly 100% referral,  since basically no one hires business strategists or marketing consultants without a personal endorsement),  but I must keep up appearances and so I keep my profile in good shape and post relevant updates to keep things fresh.

The experts say that like all marketing campaigns,  what and how you communicate through social media must appropriately reflect your brand and appeal to current and prospective clients.   To achieve the desired return on investment from social media,   it is imperative to deliver the right message to the right sites.  To accomplish that,  you must know the customer.   Who hires you and what type of social media might they trust and follow?

To help define which social media platforms to focus on,   begin with the age group of your prospects.   Are they under 35 years old? If so,  they are more likely to be very comfortable with a variety of social media.  They’re likely to  own a smart phone,  tablet and laptop.   They may very well create and copiously share online social media content in their personal and professional lives. 

Conversely,   if your typical clients are 40+ years old  (like mine),  they are less likely to be heavily involved in social media and much less likely to create  content.   They may own a smart phone,   are guaranteed to use a computer and may even own a tablet,   but should they decide to share content,   it was most likely created by someone else.  

Social media expert Judith Lewis  says that about 20%  of social media users are High Sharers and about 80%  Low Sharers.  High Sharers are almost three times as likely as Low Sharers to recommend  products or services to those in their network.   Therefore,   it is wise to create content that will appeal to the High Sharers,  who will do some  “e-legwork”  on your behalf and boost your social media ROI. 

Lewis has identified seven types of social media High Sharers and explains how their sharing style can be leveraged to target and engage clients and prospects.   Give the list a read and see how you might tweak your message and perhaps vary the sites you use:

Altruists

Altruists share content out of a desire to help those in their network.  They respond well to appeals made through email and Facebook.  Altruists make up the largest percentage of social media users.

Selectives

This group shares information if they feel it will be useful for a specific individual.  They usually use email to share information.   Selectives comprise the second largest percentage of social media users.

Passionates

Passionates share information with those who share their intense interest in a given topic,  cause,  band,  fashion designer or whatever.  This group uses Facebook most frequently.   Also,  they are big contributors to customer review sites.

Connectors

As their name describes,  this group likes bringing people together to socialize or perhaps do business.   Connectors tend to use several social media sites,  most notably LinkedIn,  Flickr,  Twitter and Facebook.

Trendspotters

This type uses social media sites to show the world that they are on the bleeding edge of the hottest trends.   Trendspotters are compelled to build their credibility and they are busy working many social media platforms.  YouTube,   Foursquare,  Delicious,  Twitter and Facebook are favorites.   Trendspotters can be very useful for B2C  ventures seeking to increase visibility and sales,   especially in fashion,  electronics and baby products.

Provocateurs

Bloggers often fall into this category  (but not your humble diarist).   Provocateurs like to do just that—be controversial,  cheeky and outrageous and get a rise out their readers.  In addition to their blog,  these folks tend to favor YouTube,  Delicious,  Flickr and Twitter.

Careerists

This group will use social media networking almost exclusively for business purposes.   They favor LinkedIn,  but will use Facebook,  Twitter,  YouTube and Facebook as needed,  to effectively share information about their business enterprise or career.

As a postscript,   I will say that I don’t know any Freelancers who have successfully monetized their social media relationships.   From time to time I read and participate in LinkedIn Answers and there are those who swear that they get clients  (whom they have never met)  through LinkedIn.   I have my doubts.   Still,   creating some buzz will never hurt your business.  If you’re able to get on the radar screen of a High Sharer who will post a good recommendation for your services,   at the very least this may help convince someone who is on the fence to go ahead and offer you the contract.

Thanks for reading,

Kim

Marketing 4 Comments

Follow-Up Your Inbound Marketing

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Inbound Marketing,  the strategy and practice of persuading prospective clients to contact a business by offering information on,  for example,  a website or social media platform that piques a prospect’s interest and leads that individual to contact the business,  stands in opposition to Outbound Marketing,  which encompasses traditional marketing practices such as advertising,  participation in trade shows,  sending out press releases and making cold calls as a strategy to appeal to prospective customers.

Either method can be effective and one is advised to implement both to a greater or lesser degree depending on one’s clientele.  Inbound Marketing is all the rage in some quarters,  as it has the potential to deliver self-selected prospects.   In 2009,  US companies spent $22.7 billion on internet based advertising designed to drive Inbound Marketing to both B2B and B2C customers.   Yet as with so much in life,  follow-up counts.   Time,  it turns out,  is the enemy of Inbound Marketing.

Do it now

Unless your product or service can be purchased online,  fast follow-up to Inbound Marketing inquiries is absolutely essential.   A 2010 study conducted by the Harvard Business Review revealed that the average response time to an Inbound Marketing lead is 42 hours.  Evidence has shown that waiting nearly two days to get back to a prospective client may very well cause you to lose your chance.   In 2006,  James B. Oldroyd,  professor at MIT Sloan School of Management,  teamed up with the sales technology firm Inside Sales to address the question of the ideal follow-up time-frame for web-generated leads.

Dr. Oldroyd analyzed three years of cold calling data across six companies: 15,000 sales leads generated from 100,000 + cold call attempts.  He found that Inbound Marketing leads have an extremely short shelf life.  His data showed that 5 minutes is the best time-frame and that any response made after 30 minutes was a waste of time.

If follow-up was made within five minutes,  the likelihood of a sale resulting was four times greater than if the call back occurred from five to ten minutes after the inquiry.  Freelancers can take that to mean our follow-up needs to occur within 24 hours; waiting even two days to call someone back could cost you.

Time it right

There are also many theories floating around about the best days and times to contact a customer.  Oldroyd studied that issue as well and discovered that 8:00 – 9:00 AM and 4:00 – 5:00 PM are the prime times to call.  1:00 – 2:00 PM is the worst time of day to attempt contact.

Popular wisdom has it that Monday is totally the worse day to call anyone and there is a school of thought that claims Friday is the best day,  since clients are allegedly in a good frame of mind as they wind down and head into the weekend.  Oldroyd’s study revealed that neither day is best or worst.

When it comes to cold calling or following up,  Thursday reigns supreme and Wednesday is a close second.   Friday emerged as the worst day to call and the other days are somewhere in the middle.   So if you’re unable to respond back within the ideal time-frame for your clients,  a reasonable Plan B is to call on a Thursday,  between 8:00 – 9:00 AM or 4:00 – 5:00 PM.

The moral to this story is pretty simple,  actually.   If you decide to direct valuable resources into an Inbound Marketing strategy,  then make sure that you or your team are prepared to respond to prospects in a timely fashion.

Thanks for reading,

Kim

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New Facebook Ads Up the Social Ante

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Recently,  I taught a business plan writing class and one of my students,  a talented home baker originally from Mexico who specializes in Latin American confections  (her pecan balls are wonderful!)  and wants to upgrade her hobby into a formal licensed pastry catering business,   spoke of her business promotion success with Facebook and Twitter.  On her personal Facebook page,  Mariela utilizes the Fan page for her cakes and other desserts,  featuring attractive photos of the goodies.  Additionally,  she tweets maybe three times a day about what she’s making for the parties she sometimes caters,  new recipes she’s trying out or other baking topics.

To her great surprise,  Mariela received a response to her tweets from an employee of a huge US sugar company,  who tweeted to ask whose sugar she uses when baking  (she does use that company’s sugar).  Also,  a popular local blog in her town tweeted to ask if they could write an article about her.  So maybe it’s time to take another look at your social media strategy and think about how the benefits of Facebook and Twitter might help you get on the radar screens of prospective clients who would ordinarily be beyond your reach?

To grease the wheels of that process,  Facebook will soon announce a new premium ad format that will radically transform traditional online banner advertising and replace it with ads that potentially will become  “conversations” about the advertised product or service.  According to sources with inside information,  Facebook will make the new ads social by allowing Friends of the advertiser to Like the ad and make comments. 

The new Facebook banner ads will not exclusively contain the usual content written by the business and reading like a commercial,  but also endorsements personally written by Friends of the business,  who know and trust the products or services being touted.  These exciting new ads promise to be personal and active,  not finite and static.

When page visitors view an ad and decide to click the Like button or enter a comment in response,  those actions will be added to both the advertiser’s page and to the News Feeds of the poster’s and advertiser’s Friends.  Pictures of Friends who have Liked the ad or have made a comment will also be incorporated into the ad.  The goal is to start a conversation between Friends and Friends of Friends,  with comments traded back and forth,  spreading credibility and brand visibility far beyond the advertiser’s usual reach.  As a result,  the whole advertising process will become organic and based on who knows and trusts the advertiser.

To verify the process,  Facebook tested the new ads and found they produced 40%  more engagement  (meaning clicks,  comments and Likes)  and are 80%  more likely to be remembered by viewers.  Best of all,  Facebook claims that viewers of the new ads are four times more likely to follow-up and/or purchase products / services when they see their Friends interacting with the ads. The new ads are set to promote the coveted  “word of mouth”  that is widely seen as the most effective form of advertising.

The data have convinced Facebook execs that the hyper-social ads will have a substantially better conversion rate for advertisers than traditional print or online ads.  The top brass believe that ads  “written”  by those who know the products and services best will convey trust and credibility in a way that traditional advertisements cannot.  The company is expected to discontinue its traditional banner ads and offer current advertisers replacement with the new format.

I was unable to find any cost data on the new interactive ads.  If even a couple of your business clients are inclined to follow Facebook,  the new ads could be a very savvy way of spreading the good word about your services and giving those who don’t know you well the confidence to hire you based on the endorsements of people they know and trust.  I’ve thus far avoided Facebook,  but I plan to pay attention to this new ad format.

Thanks for reading,

Kim

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Heads-up: Google + Business Pages

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At last it is here.  The business page option for Google Plus was rolled out in November of last year.  The early adapters are still figuring it out,  but the consensus is that Google + is an innovative and useful social marketing tool for Freelancers,  business owners and our customers.   Google + combines and enhances the business-friendly social networking features of Facebook,  LinkedIn and Twitter and presents it all in one platform.

You’ll be able to share links,  location data,  photos,  videos and have interactive two-way conversations on the Plus platform.  Ian Schafer,  founder of the Manhattan digital marketing agency Deep Focus,  says  “Integrating with Google + is essential right now,  because of its impact on Google search results.  Experimentation will give businesses  (especially small ones)  a leg up on their competition.”

But all is not rosy.  First of all,  you need a Gmail address to set up and access the service.  On top of that,  there is as yet no cross-platform integration with other Google services.  Plus doesn’t mesh with Analytics,  Blogger or YouTube.  The company vows that full integration is on the horizon,  but an arrival date has not been promised.

As with all social media,  you must sign up  (with Gmail)  and create a profile.  Like LinkedIn,  describing your services is the name of the game.  The  “About”  tab is especially important,  for this is how visitors to your page will elect to invite you to connect with them  (or not).  Present an informative,  compelling profile and tell the story of you and your products and services.  You may provide a link to your website.

Like Facebook,  photos figure prominently in you Plus profile.  Before you sign up,  create five photos of yourself in action as you provide different aspects of your services,  sit on a panel,  speak or teach,  take a meeting or whatever.  Those photos will be uploaded to the Photo Strip,  which is displayed beneath your business name and tag line on your home page.

Next you can populate the  “Circles”,  “Sparks” and  “Hangout”  sections.  Circles are grouping categories for your connections.  Hangout lets you set up various group events and invite contacts from your Circles and also the public to interact in useful and engaging ways.  Sparks is a streaming feature that lets you choose to receive info that keeps you updated on business issues of interest to you.

Invite clients and professional contacts to join Circles that you will designate.  You get to curate what information is shared with contacts based on the Circle you place them in and that decision will be determined by their relationship to you and your business.  You may designate Circles for clients,  peers and colleagues,  members of your business advisory board,  friends,  press updates,  or whatever categories seem appropriate.

Through interactions with those in your Circles,  you may refine your understanding of what contacts would like to know about your business,  how your services can be packaged and marketed and/or what clients value most about your services and how you can become even more valuable.

Like the LinkedIn Answers forum,  questions can be posted and Google+ members can offer answers.  It’s a great way to expand your connections and build relationships by sharing your expertise.  Visit http://findpeopleonplus.com to find professionals in your target markets and find out what’s on their mind,  how you can help and who you want to invite into a Circle.

Hangout is a very intriguing feature of Plus.  It one-ups Facebook and the Skype connection.  Real-time interactive communication is possible on Hangout and with a larger audience.  Reportedly,  the Dalai Lama recently hosted a Hangout with Anglican Archbishop Desmond Tutu with an audience of millions. 

 With Hangout,  those of us who teach now have a way to present our courses and workshops in a free online classroom that will host up to 10 students in a group class.  Private consulting sessions are also possible with clients who live anywhere there is internet access.

So check out Google+ and consider the benefits for your business.  49 million hits were made on Plus in December 2011 and analysts predict that Plus will have 400 million users by year-end 2012.  Google is the word’s biggest search engine and inbound links are increasingly important in search engine marketing.  A well-thought out and crafted Google+ page has the potential to draw in prospects with the money and motive to join your client roster,  the best Circle of all.

Thanks for reading,

Kim

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LinkedIn Profile Refresh

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Happy Year of the Dragon!  The New Year vibe is still rolling,  so I wonder if you’d like to keep-up the self-improvement kick and take a fresh look at your LinkedIn profile?  Usually,  I revisit mine about once a year.  Last year,  I pared down my rather long and complicated summary section. 

 I realized that in certain instances,  less is more and simplified my statement.  About  every 12-18 months,  I think it’s useful to make sure that my LinkedIn profile aligns with how I’m positioning myself and what I’m saying in the verbal package that is my elevator pitch.   So let’s do a little housekeeping.

Purge the clutter

Comb through your job history and weed out or streamline whatever does not support and enhance your professional goals.  Retain several years of your employment history,  but limit non-aligned jobs to title,  company and a one-sentence description of your responsibilities.  Use you employment and volunteer experience to reflect your brand and professional aspirations.

Add keywords

The headline of your profile is the critical factor in search results.  Choose your most relevant keywords carefully and add to your headline.  Be mindful of the subtle difference between keywords that are vital for your business / career and terms that are frequently searched.  If you provide services for a select market those keywords should reflect that market,  even if they are searched less often. 

 Judiciously embed relevant descriptive keywords that are associated with your business category into your headline and summary sections.   Visit Google Keywords Tool and identify popular keywords that will attract a sufficiently broad audience in local searches and then drill down to target your niche by discovering keywords that industry insiders might  search.

Add apps

Install Slide Share and upload a Power Point presentation to your profile that will communicate more specific details about your services.  I use WordPress Blog Link to invite connections and visitors to my page to read weekly blog postings.  I always write an excerpt that I hope connections will find tempting when LinkedIn Updates announces the arrival of a new post.

As of last week,  visitors to my profile will now find the app that was rolled out just a few months ago,  the Skills App.  The nice feature about  Skills is that you’ll receive data on groups that focus on that skill;  companies where that skill is common;  posted jobs requiring that skill;  and the size and growth trends of other professionals who hold that skill. 

Other free apps that may serve you well include Events,  that will let connections know the meet-ups and conferences where you will speak;  Portfolio Display,  that allows creative types to showcase their work;  and Reading List,  that allows you to share with connections the professional development books you’ve read and get ideas on additional books that you might find useful.  All of the apps will appear on your profile page.

Get recommendations

Recommendations are testimonials that provide third-party verification of your expertise and further support your professional goals and brand.  Ask a professional colleague who can vouch for your work to detail your contributions to a project that went especially well. 

 Specific,  quantifiable information that highlights your impact on company objectives enhances your credibility and is more believable than effusive compliments that merely tell people how talented you are.  Always return the favor and write a recommendation for those who produce testimonials for you.  In fact,  get the process started by  “spontaneously”  writing a recommendation for a colleague so that you can receive one in return.

LinkedIn is about creating and nurturing relationships,  so do your part and engage in conversations.  Congratulate your connections when an update comes through that heralds an achievement.   When you invite someone to join your network,  tell that person why you’re inviting them.  When someone invites you,  take the time to thank that person for his/her consideration.

Join groups appropriate for your skill set and goals and become known for posing good questions,  leading discussions and sharing timely and useful information.  Visit the  “Answers ”  forum and contribute thoughtful responses to questions that will allow you to showcase your judgment and expertise.  Utilize the free resource that is LinkedIn to position yourself as a go-to resource in your niche.

Thanks for reading,

Kim

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Make the Most of Prospect Meetings

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Lucky you!  You networked your way into a meeting with a prospective client.  Now make sure you don’t blow the sale.  Here’s a sales meeting checklist that will help you prevail:

1.     Do your homework.  Beyond the information about the prospect’s needs and priorities that you learned in early conversations,  be sure to supplement client info with a visit to the company website.  Familiarize yourself with products and services,  identify benefits that your services are positioned to bring and formulate the value proposition you will articulate in the meeting.  While on the website,  check out the CEO and other top officers.  If it’s a not-for-profit group,  check out who’s on the board. Perhaps you know or have done business with a VIP?  Finally,  do an internet search and read any articles that have been written about the organization in the last 12 – 18 months.

2.     Set realistic objectives for your meeting.  At the minimum,  verify your understanding of the prospect’s need for your services and learn if there is an upcoming project for which you may be considered.  If a project has been scheduled,  inquire about the timetable and what you must do to obtain the contract (like submit a proposal).  Further,  it’s also wise to  inquire as to whether others will be invited to submit proposals,  so you’ll know the competitive landscape and know how hard you’ll have to work to land the assignment.

3.     Have the right presentation materials.  Have color-coordinated,  good quality printed collaterals that communicate not only the necessary information that a client will need to evaluate your products and services but also a professional image that will reinforce your brand and sell for you after the meeting ends.  If you’ll present a Power Point,  make sure your slides are easy to read,  clear,  concise and relevant.

4.     Rehearse your presentation.  If possible,  videotape yourself as you practice using your printed materials and/or Power Points,  to perfect your pacing and make sure your tone is appropriately upbeat.  Moreover,  be sure to anticipate questions and/or objections and practice answers that will reassure your prospect.

5.     Notice your surroundings.  Are there golf or tennis trophies in the office,  or good art on the walls?  If you can comfortably weave in an element or two,  it will be a good way to personalize your presentation and acknowledge and validate accomplishments or items of which your prospect is obviously proud.

6.     Notice your prospect.  Does your prospect appear to be paying attention to you?  Are there smiles and nods of agreement,  or a bored look,  or even a scowl on the face?  If it’s the latter two,  then you must stop and ask your prospect to tell what he/she finds troubling,  because you clearly have an objection to resolve and you’re nowhere until you do that satisfactorily.

7.     Ask qualifying questions.  Make your presentation a conversation and not a monologue.  Ask questions along the way to discover and confirm your prospect’s needs and listen to the answers.  Incorporate those answers into the rest of your presentation.  Remember to confirm that your prospect is the real decision-maker:  “Are you the person who will make the final decision?”

8.     Present case studies.  Case studies demonstrate the ways in which you can successfully meet client needs.  Prepare two or three that you can discuss and in the process,  build confidence in your capabilities.  Case studies are also a wonderful way to position yourself against competitors.

9.     Summarize your key points.  Place special emphasis on issues that are dear to your prospect,  as revealed in the answers to the qualifying questions you asked earlier on.

10.    Take action.  Ask for the business!  “I’d like to work with you.  Have I answered all your questions and put any reservations you might have to rest?  Do you feel ready to move forward?  When can we get started?”

Thanks for reading,

Kim

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The Remix: How to Win the Consulting Game

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The greatest truth about Freelance consulting is that it is a marketing business.  If we expect to be successful,  then we must  artfully package ourselves and our services and promote to those with the money and motive to award us high-paying projects.  The ability to view yourself as your ultimate product,  creating and executing self-marketing strategies,  requires a good amount of self-esteem and a dollop of fearlessness.  Not everyone has what it takes.  To be successful in this business,  it is necessary to model yourself as a consulting company of one and learn to swim like the big fish do.

Let’s first get our self-esteem on track.  Learn to fully own and value your skill set and communicate your self-worth to one and all  (in a healthy way).  You’ve acquired an impressive array of competencies over the years.  That knowledge base is your calling card,  your brand,  your intellectual property.  Never position yourself as subordinate to the client.   The Freelance consultant is a peer.  We have a particular expertise that the client does not possess.   That is why we’re needed.

Second,  let your business practices reflect your self-worth and stop billing hourly for your work.  Alan Weiss,  author of  “The Consulting Bible” (2011),  recommends that Freelance consultants bill on a project basis only and avoid billing hourly.  In fact,  Weiss advises that you not work with a prospective client who insists upon an hourly rate,  because the amount of time it takes to produce the deliverable is not the issue.  The impact of that deliverable on the organization is the issue and the two must not be confused.

So when you’re in your next prospective client meeting and you’re talking turkey,  reach a mutual understanding with the client regarding the project’s objectives and clarify how your success will be measured.  Ask your prospect to explain the impact that meeting those objectives will have on the organization.  Let the answer determine your project fee.

Weiss also says that if your intellectual property,  i.e. your work,  will help an organization save a significant amount of money or measurably improve its marketing position and/or sales,  then the Freelance consultant should receive 10%  of the value of the gain.  In other words,  billing on value = billing on outcomes + impact,  hours be damned.  If your client is too obsessed with hourly rates,  nickling and diming on costs,  then find another client.

Third,  let’s take a look at marketing and promotional strategies.  Revisit my May 10 post and get inspired to write a book,  whether you create your own book deal and self-publish,  or manage to finagle a traditional publishing agreement  (Weiss did the latter).  Weiss insists that a book deal does wonders for your credibility and gives your consulting career a major boost.

He also claims that it doesn’t matter how many copies you sell,  just get your book into print.  I’m afraid that I must respectfully disagree on that last point,  however.  Being on The New York Times best-seller list has got to make a huge difference in more ways than one!

Additionally,  Weiss points out that speaking at a trade association meeting is yet another consulting career-booster,  as are teaching,  blogging and writing a newsletter (as I’ve mentioned countless times).  All of those strategies give a competitive advantage,  leading clients to view the published Freelancer as a thought leader and a cut above.  Clients will consider you an expert and they’ll be more likely to seek you out to discuss upcoming projects.  The axiom  “publish or perish”  is no longer limited to academia.

Finally,  do not be shy about approaching friends,  family and former co-workers to discuss new business opportunities.  Spell out to folks what it is you do,  the clients you usually work with and the projects you like to take on.  Always keep in touch with your network and remember to help them out,  too,  because it’s good karma.

Thanks for reading,

Kim

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What Consulting Companies Know

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There are certain similarities between consulting companies and Freelancers.  The firms work on a project basis, as we do. They submit proposals and compete for clients, as we do.  Like us, the firm’s consultant comes to the client’s organization as a hired gun, takes on the assignment, produces the deliverables and gets paid.  The similarities seem to end there, however.

The fact is,  consulting companies get a lot more respect and a lot more money than Freelancers.  The consulting company’s value-added is perceived as more valuable than the Freelancer’s value-added.  Most clients have a great deal of trust and confidence in consulting companies (well, at least the person who hired them does).  As a result,  consulting companies are awarded the most lucrative projects.  Their calls and emails are always returned.

Likewise,  Freelancers who have worked for consulting companies are held in higher regard by clients and prospects.  Anecdotal evidence leads me to believe that they receive more lucrative contracts,  billing more hours and commanding a higher rate. Freelancers with a consulting company background appear to know a secret code,  know all the right moves.  I came to realize my knowledge gap through a series of casual meetings with an acquaintance of mine named Erika.

Erika once worked for a mid-size consulting company,  first in their LA office,  then in NYC.  Like me,  she facilitates strategy meetings in the for-profit and nonprofit sectors,  but we cannot call each other competitors.  Erika stands head and shoulders above me in terms of consulting savoir-faire and client list.  Next to her,  I am the country cousin!  Erika is a very cool girl and over time she took pity on my poor, untutored self and shared a few consulting company secrets.

Primarily,  the advantage gained from consulting company experience is that one learns how to build value into all client interactions.  The perception of adding value starts with the very first client meeting.  A consultant’s job is to deliver comprehensive,  data driven analysis,  insights and answers that produce the desired results. Those analyses,  answers and insights form the basis of the strategies that the client will be advised to implement,  so that key goals and objectives will be reached.

Erika lets it be known that she will deliver the goods.  In the client meeting,  she asks questions that reveal what the client wants and help her discover what the client needs–that information forms the essence of Erika’s value-added.  Next,  she confirms with the client that she’s accurately grasped the project scope and understands all priorities and timetables.  She follows up in writing and in fact boasts that she does not so much submit proposals as send confirmation letters.

Erika isn’t awarded every assignment she’s invited to discuss,  but her track record is very good.  Before she starts work on a project,  she also takes a few important actions to keep her value-added rolling:

I.  Recognize,  and if possible meet,  the organization’s senior management team: the CEO, ED and other key staff.  Their names and sometimes also photos are probably listed on the company website.

II.  Learn the thought process that led to the project’s initiation and approval.  If possible,  read the project proposal and review any preliminary work that may have been done.  Find out who supports the project and who opposes it if you are able, to learn who your friends and detractors will be.

III. Know the organizations’ basic financial data.  Read the most recent annual report and examine the P & L to learn the annual operating budget,  total annual revenue,  gross profits,  profit margin and operating margin.

IV.  Know your client’s top five competitors: key products and services,  annual operating budget,  total annual revenue and gross profits.  Know what differentiates each main competitor from your client and know each main competitor’s strengths and weaknesses.

V.   For nonprofit organization clients, know which agencies within a 10-20 mile radius deliver similar services or compete for a similar constituency.  Know where and how those agencies offer services that complement or compete with your client’s mission.

VI.   Cultivate good relationships with your project sponsor and other key project supporters.  Identify a couple of good restaurants near your client’s geography and invite your sponsor and/or those with whom you work most closely out for coffee or lunch,  as applicable.

VII.  Become a resource for useful information to your client.  Sign up for Google Alerts and stay current with industry news and competitor’s activities.  If an item looks particularly intriguing or urgent,  send the link to the right people.  This practice can continue after project completion,  as can the above strategy, to extend relationship building and value-added.  Your objective is to entice the client to engage you for repeat business and to refer you to others.

Thanks for reading,
Kim

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Give Yourself a Book Deal

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I’ll probably not do this for myself anytime soon, but since I’ve mentioned the topic several times in this column,  I decided to finally do some research and figure out how one goes about getting a book in print.  Note that I did not say “how to write a book”. You’ll have to figure that one out for yourself!  Hint: first,  have something relevant and compelling to say and second, money and sex are two very popular topics.

However in this post,  I will dare to assume that readers will produce a business-themed book on a subject in which they’ve acquired considerable expertise. Writing a book is a marketing tool that can carry a Freelancer for years.  A book gives its author gravitas. The author will definitely be  positioned as an expert,  considered a more attractive conference speaker or panelist,  a more credible source to quote by journalists.  You are an author,  an authority.

The original method of getting a book into print was to write up a book proposal and shop it around to publishing houses that specialize in books in your subject.  If the proposal looked strong enough to generate sales that would justify the time and money involved in editing,  printing  and distributing the book,  then the author would receive a letter inviting him/her to discuss the proposal.

That is still done,  but not nearly as often.  There are far fewer publishing houses now and competition by aspiring authors looking to get in the door is intense.  It would be almost impossible for the average Freelancer to publish a book conceived to be used for self-and business promotion to succeed in the traditional manner.

Self-publishing houses and similar operators have stepped into the breach and opened the doors wide for those who have a business to promote,  a story to tell,  or a family history they’d like to document in print and pass on to future generations.  Self-publishing is most suitable for authors who are unlikely to attract a traditional publisher and who will sell directly to  readers from the author’s website,  at seminars or at other gatherings.

So let’s get started on your book deal.  Begin by visiting the websites of self-publishers to compare services and prices.  Createspace and Lulu are two outfits to consider.  When evaluating services,  pay attention to exactly what it is you will pay for and watch out for hidden fees.  Look for non-template, customized cover design charges;  editing and copy editing (i.e., typos) charges;  and distribution and renewal fees.  Expect to pay $1500.00 – $4500.00 to edit, design and print your book.

Examine with great care (and perhaps with the assistance of an attorney who specializes in the field) the subject of author rights.  True self-publishing means that all rights to the book lie exclusively with its author.  Furthermore,  clarify whether you are able to terminate your publishing agreement at will and without penalty.

You’ll need to decide if you’d like your book to appear in print or as an e-book.  Maybe you can do both eventually?  In 2010,  e-book sales accounted for 9%  of the overall book market,  according to the Association of America Publishers.  The e-book trend is upward,  spurred on by Nook and Kindle.

How your book will look (print style, lay-out, etc.) and the design of the front and back covers are another big concern.  You may want to hire a graphic artist with experience in book production to do art and design work.  Chances are that your money will be well spent. Your book must look professional and represent your brand well.  Also,  be sure to use the appropriate paper stock.

Do yourself another favor and hire a copy editor and a proofreader.  In fact,  this will be among the most important investments in your book’s production.  It is absolutely crucial to ensure that your book has no errors.  Your professional reputation depends upon it.  Your publishing service may offer copy editing,  but they may not be especially diligent.

Becoming a published author is a much more attainable achievement today than ever before.  Your book will be a useful marketing tool,  a door opener and a confidence builder for both you and prospective clients.  A significant amount of work must be done to bring the book to life and it will be necessary to carefully research available options—just like any other major goal you plan to reach.  Additionally,  it will no doubt be useful to seek out the blogs of self-published authors for more information and the real inside scoop.

Good luck and thanks for reading,

Kim

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Optimize Online Multimedia

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Because the February-March session sold out,  I have been invited to reprise my three-part workshop  “Become Your Own Boss: Effective Business Plan Writing”  at Boston Center for Adult Education 122 Arlington Street Boston MA on three Mondays,  May 9, 16 & 23 from 5:30 PM – 7:30 PM.  For more information or to register please visit http://bit.ly/becomeyourown59  or call 617.267.4430.

A picture is worth 1,000 words and a good online multimedia presentation can help prospective clients connect the dots on why it’s smart to bring you in.  To that end,  many Freelancers,  small business owners  and countless other organizations and individuals have added video to their websites or posted online. 

Unfortunately,  many presentations do not achieve the expected objectives.  It’s necessary to think strategically about how online multimedia might draw in prospects and promote business and additionally,  determine what aspect of your talents or services will do the trick.

What can you say and do in three minutes or less that will persuade prospects to follow up?  Should you demonstrate a product or discuss a service,  show yourself in action as you conduct a workshop or give 3-4 pieces of advice that will validate your understanding of client needs?

Whatever you decide,  deliver a simple,  uncomplicated experience for viewers to ensure that your message is understood.  Produce a presentation that focuses on what’s in it for the customer and you’ll have their attention.  Be aware that a little multimedia goes a long way.  In other words,  use audio,  visual and animation effects judiciously and always in service of your business strategy and customer priorities.  Make sure your content delivers what prospects want to know.

Hire a professional videographer to ensure presentation quality.  Expect to pay $500.00 – $1500.00,  depending on what you do and who you work with.  Get references and see examples of their work before signing a contract.  You want expert production,  lighting that flatters and flawless editing.  Remember to confirm that your website has the bandwidth necessary to support video.

Location,  location  Place the video link on your website home page at eye level,  so those with smaller screens will not need to scroll down to find the link.

Control  Give website visitors the choice to opt in to your multimedia.  Avoid presentations that play automatically.  Indicate the length of the video and include play,  pause and stop buttons.  Make the viewing experience interactive and easy.

Context  Let potential viewers know what they’ll learn from your video clip before they click “play”.  Do not leave it to your audience to figure out its purpose and how they will benefit from taking the time to have a look and listen.

Short & sweet  Produce a video that runs no longer than three minutes.  The clip is an hors d’oeuvre and not a banquet.  Your objective is to whet the appetite for more of what you know and do.  Keep your message clear and easy to absorb as you demonstrate a core capability or service and spell out what’s in it for the viewer when they work with you.

Call to action  Tell viewers to take the action that you want them to take.  As you close the presentation,  advise viewers to contact you for more information.  Tell them how to leave a comment,   order your book or sign up for your newsletter.

Distribution deals  Upload your video at Tube Mogul http://tubemogul.com , a free site that will not only send your link to a wide range of social media and other hosting sites,  but will also allow you to track the number of views,  clicks and comments received.

Thanks for reading,

Kim