Archive for the ‘Business Attitude’ Category

How grateful are you for your clients?

Wednesday, February 24th, 2010

I met up with a new client last week and was blown away by her photography.  A self-taught amateur turned professional, it was obvious – even from someone who knows nothing about the art of photography – that she had a real eye for capturing startling images.

But talent, a business does not make!

When she started to tell me about the story behind her business and where she was at today, it became clearer and clearer to me that it wasn’t a lack of business skills that was holding back her business.

What was holding her back was her business attitude.

Her pricing was so low, that even she couldn’t quite believe what her hourly rate really was once we divided her commission rate by the number of hours she took to do the project (and I know I was being generous with the actual time she spent!).  What was her reason for charging such so low prices?

“I am just so grateful for any work that I can get,” is what she replied.

Grateful is very dangerous word to use when talking about your clients.  Thankful and even appreciative are great words.  But grateful – never!

Grateful puts you in a place where you secretly beg for a client to work with you.  When you are on the phone to them, you find yourself crossing your fingers and talking randomly to fill up the silence while the potential client decides whether to hire you or not.  And when you do get a “yes” from them, you throw yourself in to the project, nothing being too much for you to do, despite the number of hours you end up spending.

Grateful will make you bend over backwards for a client who never pays you on time.

Grateful will make you drive for miles just to have a cup of coffee with someone who picks your brains and then says goodbye, leaving you to pick up the tab.

A grateful mindset must be left well alone and you must be able to speak with potential new clients with a “I’ve got a full diary this week” mindset.  Even if you have to pretend to flick through your calendar to arrange a meeting (I did this on many an occasion in my first couple of years!!), you’ll notice a huge difference to how your potential clients make their decisions and how much you are able to charge.

Have you found yourself being too grateful for clients?  And how has a grateful mindset affected your business? It always great to read your comments, too.

Cancel your advertising and throw away your leaflets

Tuesday, December 15th, 2009

marketing small businessWhen people decide to give up on their business and go back to corporate life it’s not because they prefer PAYE world. It’s usually because they have just run out money.  They aren’t able to make enough income to cover their day-to-day costs, let along make a profit.

But these businesses don’t go out of business because of bad service or poor quality products.  These businesses are usually run by people who are passionate about what they do and genuinely care about their customers.

So why is it that so many small businesses come and go?

Is it because they had a bad business idea?

Sometimes, yes but more often the real reason is that they have no idea on how marketing works and what are the easiest and simplest ways of attracting customers.

Let me give you an example.

Jane is an ex-accountant who got fed up with the commute in to work every day and because of her passion for colours and interiors, she decided to re-train and start up an interiors business.  She now offers a range of services from one-off consultations and personal home styling to project managing big decorating jobs.

Jane is based in a fairly affluent area.  The current housing market has meant that more people are extending and modifying their property to get more space rather than move.  There is a potential market place for Jane’s service, especially when Jane has worked out that she only needs to be working with a maximum of 10 clients at any given time.

She has sensibly got a 6 month financial buffer, but four months in and Jane is finding it difficult attracting enough clients to her business.  She rarely has more than the odd appointment in her diary each week.

She advertises once a month in her local newspaper because she felt she ought to have a presence and get her name out there.  And she has also just signed up for one year advertising in her parish magazine as well with a local online business directory.  She has even gone round and put a leaflet in every door in her local neighbourhood offering a free consultation, but not one person has called her about the offer.

Selling her business is becoming hard work.  It is demoralising and the passion is starting to dwindle.  If it carries on like this, Jane will be forced to give up on her dreams and return to her accountancy career to pay the bills.

It’s not fair is it?  Especially when Jane is offering a quality and professional service which is backed up by study and training.  There is a local market for what she offers and she knows that her knowledge can help increase the value of people’s homes and save them endless of hours of research.

But what she doesn’t know is how to market herself.  All her money is going in to advertising that obviously is not working for her and on leaflets that are obviously aren’t compelling enough to make people call.

Jane needs to stop and take the time out to really get to know her target customers.

Targeting the right customers with the right messages is really the secret to great marketing.  The better you know the people you want to attract, the more likely it is that you will know where to find them, how to communicate with them and how to make yourself attractive enough for these people to call you.

Jane needs to stop her advertising and go back to basics.

Who are her target customers?  What are their worries and concerns?  When it comes to home decorating and creating more space, what are their real problems and challenges?  How much are they willing to spend for to solved these problems?

By focusing on some simple questions such as these, Jane’s answers will help her work out what her special uniqueness could be to make her marketing activities and offers compelling and attractive.

So, for those of you out there who feeling like Jane, take a long hard look at how you are telling people about your business.  If your advertising isn’t working, cancel it.  If those leaflets cluttering up your office aren’t working, get rid of them.

Cleanse your business of stuff that you are doing because you think it is the right thing to do.  Stop second guessing and start understanding your customers.

What are your thoughts? Add your comments below

Follow up calls – when is the right time to follow up leads

Friday, December 11th, 2009

follow up sales callsYou get a phone call today from an interested client.  They have found your website and they called you up as they had some questions to ask.

It was a good call – you said all the right things and the interested customer is well, interested!  But they just weren’t ready to buy right at this very moment. You asked for their name and contact details and you both agreed to be in touch.

BUT … when do you get in touch again?  Early next week, before the end of next month or do you feel it is better to leave your potential customer to phone back themselves when they are ready?  Are you afraid of stalking them?  Or are you desperate for the business and need that interested customer to convert?

Want to know the easiest way of knowing exactly the right time will be to speak again?  The answer is simple really, but it seems that very few of you out there do it.

Before you say goodbye to each other, your final question should be “When would be a good time to speak again?”

Always, always, always establish a mutually acceptable time to speak again.  This way your interested customer knows to expect your call, will not feel you are stalking them and will also know that if they still haven’t made a decision, then it is OK to still say no.

When is it the right time to follow up a sales lead?  Ask your interested customer!

Why niche marketing works for small businesses

Thursday, December 10th, 2009

niche marketing for small businessesNiche marketing works for small businesses.  The more focused you are on the particular problem that you can solve, the easier it is to communicate and spread the word about the solutions you offer.

Imagine a coach who has a background in teaching and happens to love the great outdoors.  What if you came to their website and they offered you general life coaching, coaching support for teachers, a special programme that helped school children study better and a few walking holidays combined with personalised coaching sessions.

Phew!  All that from one person?  Really?

Think back to the last time you needed your boiler serviced.  Who did you use?  A specialist corgi registered boiler servicing company or the odd-job-man who offers to clean your gutters, re-paint your living room, fix and install bathrooms, trim your hedges as well as service your boiler?

If your odd-job-man comes highly recommended by your neighbours, then perhaps he is the “man for the job” – but looking through the Yellow Pages, he may not be your first point of call.

So, what about you?  If you are competing with everyone else and not at the stage that all your customers are coming via the “highly recommended” route, then you may want to take another look at your marketing messages.

Are you an “odd-job-man”?  Or are you a specialist?

John & Edward: Has your business got their buzz?

Monday, October 19th, 2009

There’s no getting away from this story. Whether you watch X Factor or not, you would have to live on another planet not to have heard their names over the past couple of weeks.

John & Edward, the 18 year old twins who have made it in to the final 12 of the X Factor, are taking the country by storm and have defied everyone by getting enough votes to stay in the competition.

But if it is apparent to everyone that they can’t sing, why is it that they got in to the top 12 in the first place – never mind winning votes to stay in?

It’s because John & Edward have the buzz!

It was a shrewd marketing move from the X Factor team to have them in the top 12.  They will have known that the media would be writing about them, DJs would be moaning about them, chat show hosts would be tearing them in to little strips.

They knew that the whole country would end up having a view point about them – which would get the X Factor being noticed.

Just check out the trending topics on Twitter when X Factor is on and you’ll see for yourself how much buzz is created from the show.

As business owners it is easy to focus on being the “best” coach, the most “proficient” trainer or produce the “highest quality” photographs.  But is being the “best” really going to get you noticed?

Now, I’m not for one moment suggesting you turn out below standard work or try to short-change your clients!  Just because John & Edward can’t sing, they can sure deliver the entertainment value that the audiences of XFactor want.

So, give yourself a break. As long as you are delivering to your clients’ expectations, stop trying to being the “best” and focus on getting talked about.

What do you think? Leave a comment :o )

Thinking of going on yet another training course?

Thursday, October 15th, 2009

business training programmesHow much have you spent on training programmes over the past year?

Coaches, trainers and other personal development experts are very good at spending their money on learning new skills and techniques.  Nutritional therapists, complementary therapists and hypnotherapists too.  And NLP courses are a perfect example of how many consultants spend their money.

But why do you spend your money on these training courses?  Is it because that by having another skill or technique (or even initials to put after your name on your business card) means that you will be able to attract more clients and customers to your business?

Well, I hate to break it to you, but investing in hundreds (and sometimes thousands!) of pounds on learning new skills and techniques will NOT cause the client flood gates to suddenly open.

If you want to learn a new skill because you are geniuenly interested in it, then go for it by all means.

But if you want to learn a new skill so that you can attract new clients, then stop before you hand over your credit card.

Offering new skills and techniques may just cause confusion as you end up with a huge menu of services, trying to be everything to everyone.  Investing in your marketing strategies, techniques and systems could  just have a far higher return on your investment.

So, next time you find yourself looking at a new training programme, just make sure you are doing it for the right reasons.  You may find that investing that money in to market research, understanding your customer better and developing more effective and efficient marketing systems will go a lot further!

Mental Space is Critical for Small Business Success

Tuesday, October 13th, 2009

business attitudeWhen you are run your own business, it is very easy to find yourself busy – ALL of the time.

When you aren’t answering the phone or replying to emails, you are speaking to clients, going to meetings and doing the work that you are being paid to do.  All that rushing around and no time to think!

But as a small business owner, it is critical to make the time for mental space.  And I am not just talking about spending valuable time on planning.

I am talking about time spent gazing out of the window watching the sun shine through the trees.  I am talking about the time spent walking around your neighbour without listening to the latest podcast or business audio download.

It’s amazing how much clearer your business becomes and what the next stage of your action plan needs to be when you spend time leaning back in your chair – just gazing!

How do you create mental space for your business?  Leave your thoughts as a comment below.

The market research that’s bad for business

Monday, October 12th, 2009

business research ideasWhen you are starting up your own business and deciding on a particular niche or speciality to focus on (always a good thing to do, BTW!), one of the traps that many small business owners fall in to is searching on the internet for people who do what you want to do already.

Now, of course it’s important to check out your competition.  It can be a useful yard-stick to help you understand price ranges, services to offer and products that sell well.

BUT when that internet searching becomes endless hours of finding more and more websites, all seemingly to be offering a bigger and better service/product that you could even dream about – then STOP!

Worrying about your competition at such an early stage can be damaging to your confidence levels.  In today’s market place it is highly unlikely to “discover” a niche.  You should be more worried that no one is doing what you want to be doing because it generally means there is no demand – but that’s a lesson for another blog posting!

Business Networking is Not Just for the Quiet Times

Wednesday, September 30th, 2009

When you run your own business, it’s easy to fall in to the feast and famine trap.

Spend 8 weeks marketing like crazy and then spend the next 3 months working on the projects that you generated during this time.  Then your diary is empty once again as the work dries up and you are out marketing like crazy again to get the cash flow going.

The feast and famine cycle is hard work and very stressful.

And this is why it’s important not to let your networking happen just in the quiet times.

business networkingNetworking is not an instant fix to increasing your sales leads.  Many big contracts and projects are awarded because of relationships built over several years.

Being visible 12 months of the year – little and often – is far more effective than the 8 week networking tour of every event in a 40 mile radius. 

Networking throughout the year will help you attract clients and customers naturally throughout the year, reducing the number of stressful *strapped for cash* months.

So if networking works for you, which networking events are you planning on attending over the next month?

The Marketing Drip Feed – Are you doing it?

Tuesday, September 29th, 2009

marketing drip feedAs we begin the last quarter of 2009 there will be no doubt that one of the reasons why some businesses have survived and others failed over the past year, will be the consistency of their marketing.

Many self-employed professionals have relied on referrals over the past few years.  They have built up a strong reputation and enjoyed a steady flow of client.

But, with the economy in a downturn, it is easy for those referrals to dry up.  Their clients may have cut budgets or have decided to spend their money on other resources. And the steady flow of clients stops.

On the other hand, there are many, many coaches, consultants and trainers who have been marketing consistently – month in, month out, irrespective of how busy their are with clients.

And it will be these businesses who will not only maintain their flow of work, but probably gain a little more as some other businesses go under.

Marketing is not an activity that happens once a month.  Nor is it something that you do every Monday morning, to kick start your week.

Marketing needs to happen each and every day, drip fed in to your working week so you maintain visibility and your potential clients think of you when they are ready.