Friday, October 2, 2009

The Three R's of Professional Services Marketing

C.J. Hayden is a marketing expert whose advice often applies to salespeople who do their own lead generation. That's why I found this article so interesting - you may not be in marketing, but a marketing viewpoint when it comes to leads never hurts!

Hayden suggests you incorporate into your back-to-business agenda the back-to-basics curriculum of the Three R's of professional services marketing: relationship, referral, and reach.

#1: Relationship

The cornerstone of every independent professional's marketing strategy should be relationship-building. If a marketing tactic you're considering contributes to stronger relationships between you and your prospects, it's worthy of your attention. If it doesn't, think twice before using it, and certainly don't rely on it.

Marketing that leads to better relationships includes activities like lunch and coffee dates, giving educational talks, and personal exchanges via phone, email, or social networking. Marketing that rarely leads to - better relationships - and can sometimes damage them - includes phone calls, letters, and emails with over-the-top hype for your services, anonymous online ads, and besieging your social networking contacts with promotional announcements.

Don't be misled by advice pushing the flavor of the week in marketing. If a new tactic suggested to you isn't relationship-oriented, it probably isn't worth your time.

#2: Referral

Prospects who come to you by way of a referral are more likely to become clients than those who you connect with in almost any other way. They have often already decided to work with you when you hear from them, and are less likely to question your rates or your expertise.

Generating more referrals, then, should be an essential component of your marketing. Instead of expending all your effort on filling the pipeline with unknown prospects and making cold approaches, spend more time cultivating relationships with likely referral sources.

Many professionals mistakenly believe that if they simply provide good service to their clients, the referrals that naturally result will be enough. But this is rarely the case. The best referrals often come from people who have never been your clients - members of your trade association or networking group, other professionals who serve your market, and centers of influence in your community. Time spent getting to know these folks better can be much more productive than approaching strangers.

#3: Reach


Clients don't appear just because you are there waiting for them. You have to reach out. In marketing, reach takes many different forms - for example, you reaching out to people you already know to build better relationships, you reaching out to new potential referral sources, and you reaching outside your comfort zone to have personal interactions with prospects.

The point is that you do have to reach out rather than simply wait and react, even though outreach is often more uncomfortable. It's tempting to rely on build-it-and-they-will-come marketing like websites consisting solely of sales letters, or online "networking" platforms populated by people you don't even know, or classified ads, or directory listings. And there are plenty of vendors doing their own outreach to sell you on these approaches so you don't even have to go looking for them.

But if it was really that easy to get clients - just launch a website, say, or buy an ad, and you'll have all the clients you need - why haven't all the folks selling you these strategies retired to tropical islands by now?

As far as marketing tactics go, if it sounds too good to be true, it probably is. So get back to basics with your marketing this fall. Build relationships, cultivate referrals, and reach out proactively to prospects and referral sources rather than waiting for them to find you. With the Three R's as your guide, you'll have everything you need to go to the head of the class.

C.J. Hayden is the author of Get Clients Now! Thousands of business owners and independent professionals have used her simple sales and marketing system to double or triple their income. For more information, please visit www.GetClientsNow.com

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Tuesday, November 18, 2008

Is This a Bad Time to Market?

The holiday season plus economic downturn does not equal many happy salespeople. The time of the year that is usually the slowest has been hit even harder - so what should you do to increase your business in this difficult time? Business coach C.J. Hayden says, "Professionals who have built successful long-term businesses have learned that continuing to market pays off in both the best of times and the worst of times. Here are six suggestions for how to keep your marketing up when the overall business climate is down."

1. Turn up the volume.
When people are distracted by bad news, economic concerns, or holiday plans, you may need to communicate more often or more visibly. Where an email might have done the job before, now you may need to pick up the phone or send a postcard. Instead of just one follow-up call, you may need to make two or three. If your business is slowing down, make use of the extra time you have available to ramp up all your marketing efforts.

2. Become a necessity.
When clients are cutting back on discretionary spending, they need to perceive your services as essential. Look for ways to "dollarize" the value of your services. How can you help your clients save money, cut expenses, or work more efficiently? Will your services help them gain more customers, increase their income, or experience less stress in tough times? Tell your prospects exactly why they need you, and why they shouldn't wait to get started.

3. Make use of your existing network.
It's always easier to get your foot in the door when someone is holding it open. In a slow market, referrals and introductions can be the key to getting new business. Seek out opportunities to propose repeat business with former clients, too. Uncertain times encourage more reliance on trusted sources and known quantities, so warm approaches and existing contacts will pay off better than cold calls or mass mailings.

4. Explore partnerships.

Working with a partner can create more opportunities for both of you. By sharing contacts, you each increase the size of your network. Together, you can multiply your marketing efforts and share expenses. A partner with a complementary business can allow you to offer a more complete solution than your competitors can. A photographer could team up with a graphic designer, for example.

5. Meet people where they are.
In a down economy and at holiday time, prospects are even more price sensitive than usual. Instead of slashing your rates to get their business, propose a get-acquainted offer. A professional organizer or image consultant could offer a reduced price half-day package for new clients. A management consultant or executive coach could propose a staff seminar instead of consulting/coaching work. Once clients see you in action, they'll be more willing to spend.

6. Find the silver linings.

When companies cut back on staff, opportunities are created. With fewer people on the payroll to handle essential tasks, downsized organizations present possibilities for project work, interim assignments, and outsourced functions. Economic changes beget other needs. People who are out of work need resume writers and career coaches. Folks concerned about their finances need investment advisors and financial planners.

"Landing clients during a down period requires not just more marketing, but more strategic marketing," says Hayden. "So instead of getting depressed by the news, get inspired by it. When you hear about coming layoffs, consider how your services could benefit those companies. When you read about negative consumer attitudes, use those words to better target your marketing copy. When prospects say, "not this year," craft a proposal that ensures your place in their 2009 budget. For the successful independent professional, there's no such thing as a bad time to market."

C.J. Hayden, MCC, is a business coach who teaches people to make a better living doing what they love. Her company, Wings Business Coaching, specializes in working with business owners, self-employed professionals, and people in marketing and sales. Learn more at www.getclientsnow.com

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