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Marketing Your Consulting Services.pdf - epiheirimatikotita.gr

Marketing Your Consulting Services.pdf - epiheirimatikotita.gr

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How About Results?<br />

I enjoy the process of ferreting out information about potential clients. I developed<br />

this process over twenty years ago and continue to use it with remarkable<br />

success. I usually find enough information for at least one-half the potential clients<br />

I target. Ninety-five percent of all recipients are interested enough to speak to me.<br />

More than half of them a<strong>gr</strong>ee to meet me within the month. And of those half become<br />

clients within a year. The rest become contacts, resources, or clients in the<br />

future because I stay in touch with them.<br />

These odds are much better than the success rates for cold calls and the process<br />

is more fun. I enjoy the challenge of the research and the creativity of the letter<br />

composition. And I particularly like beginning a relationship in this positive way.<br />

I once read a formula that went something like this: Make five prospecting<br />

calls every week and send five prospecting letters every week for fifty weeks each<br />

year. That results in five hundred contacts every year. If you close just 2 percent,<br />

or ten projects, at an average project fee of $25,000, it equals $250,000 in revenue<br />

for the year.<br />

You can have this same success rate. Although the process takes some investment<br />

up-front, the odds of an immediate sale are much <strong>gr</strong>eater than with cold calling,<br />

you will begin to build relationships for future sales, and it’s much more fun.<br />

And you too will find that this is a very positive way to begin a client-consultant<br />

relationship.<br />

PROSPECTING IN OTHER WAYS AND PLACES<br />

What About the Referrals You Receive?<br />

You have a marketing plan and you have targeted specific companies or industries.<br />

Should you follow up on unsolicited referrals? Absolutely yes. Follow up with every<br />

referral you receive from friends, family, and colleagues. Even if the project is not<br />

quite right for you now, the meeting may lead to other work in the future. And you<br />

may also ask these new contacts if they can refer you to someone who might be<br />

able to use your services. This is networking at its finest.<br />

In addition, if the project isn’t right for you, you could pass it on to someone<br />

who could do it. Passing it on to another colleague will prompt that person to<br />

consider you for referrals too. Recognizing leads for others is critical to successful<br />

networking.<br />

Prospecting in All the Right Places: How Do You Find Clients? 155

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