Archive for February, 2011

High-End Business Consulting – A Simple Model For Selling Services As a New Consultant

February 28th, 2011

Many professionals are attracted to the business consulting arena because of the promise of high profit margins, stimulating work, professional respect and greater personal freedom. While it’s true that the most successful business and management consulting professionals do attain all these objectives, the journey to the top is not always easy, desirable or pleasant.

For many new business consultants, mastering the delicate dance of approaching, negotiating with, and landing new clients can be a nerve-wracking experience. They would rather have someone else do the business development, marketing and negotiations, so they can do what they do best.

If you fall into that category, my advice would be to dispossess yourself of that mindset. What you may currently lack in those areas can always be learned and will ultimately be the difference between outright business failure, doing just okay, or becoming phenomenally successful.

The sequence I share below is significantly influenced by the thinking of Alan Weiss, one of the most successful individual independent consultants.

1. Attract incoming calls through marketing

No matter what you think your business is, your primary job is marketing. Without a steady and dependable flow of business, your venture will fail. One of the ways to make sure you leverage every marketing dollar (and get the best results) is through what I term platform attention marketing.

Although he does not use this term, you can see this method clearly illustrated in the marketing systems of most top performing consultants. Through articles, books, speeches, direct marketing and strategic alliances, they attract and serve their way to very powerful brands…not the other way around. It is rarely a smart idea for a small business to invest inordinately in brand image advertising rather than direct marketing to well-targeted market segments.

This is the way the best business consultants position themselves to be attractive to the executives and business leaders they work with. When prospective clients show up, they show up ostensibly on their terms, but in a way that positions you properly as the trusted expert advisor.

2. Get General Agreement

The most important thing to remember about dealing with prospective clients is that you clearly establish a differentiating value proposition, and that you establish your framework for understanding what the client’s needs are. This must be part a subtle but insistent part of your initial relationship-building.

Whether this is done through a situational analysis, opportunity analysis, threats assessment or some other specific mechanism is not as important as the fact that the path to getting it done is available and easy-to-understand.

It is during this process that you should ensure that you strike up a general agreement and framework of what you (or your organization) will do relative to the needs of the prospective client organization.

3. Send Them A Proposal

Depending on the scope of your consulting services, your proposal may just be a basic restatement of what was agreed or a fairly detailed sequence of milestones and outcomes. Much good work has been written on the subject of proposal writing and I won’t rehash that here. Make sure that your proposal accurately reflects your capabilities.

You should also consider asking for more information if you want some more information on the background context behind a RFP (Request For Proposal).

4. Commence Negotiations

After you have sent in a consulting proposal, don’t diminish your superior positioning by appearing too eager to get a response. If this is for a fairly significant investment, be prepared to wait for up to a few weeks before you call in to check on it. Of course, if you are aware that there is a looming deadline this would not be the right advice for that situation.

Always negotiate from a position of professional expertise and equality. Keep plugging away at this process, and you’ll find that you will soon land that first client.

Gogo Erekosima, The Small Business Digital Coach is the CEO and Lead strategist at Denver Internet Marketing Specialists, Idea Age Consulting.

Basic Suggestions For Starting Home Internet Business

February 28th, 2011

Starting home internet business has helped people to earn more money and consequently live a better life. However, a compulsion about business and related risk factors obstruct the idea. Starting home based business can bring out surprising results at almost no risk. A home internet business is easier and simpler to start and expand in comparison to general forms of business. The only big investment for home businesses is a computer and internet connection. It is a fact today that almost everybody has a computer at their home. If you have these two basic requirements then there is the need of really small amount of investment to get started. Almost anyone can start home internet business with a little initial investment and as the business develops, you won’t need to put any additional investment to it.

A preliminary survey of the industry is needed while choosing the perfectly suitable home business opportunity among hundreds of them. You have to explore the opportunities thoroughly so as to match your abilities and keep out of any dubious company. Suitability is necessary since if you choose a business option that needs you to have some technical knowledge and you actually do not have them, it would drop you into a real mess. Whereas on the other hand, if you are good in English, you can write articles for different websites and get paid. Whereas on choosing the correct one will help you run the business effectively and make it more profitable in due course.

The most important step in starting home internet business is to design a proper website. The purpose of the website is to let people know about your business and in course, marketing your business. You will need some professional help to get your website running and also make it visible at the top of the search engine results. Apart from this, you will have to choose a good theme for your website. It should be neither too professional nor too casual. There should be equilibrium between the both. Also look out for a good hosting company that provides cheap but good service. You can search on different blogs and forums to have guidelines from experts.

The next part on way to starting home internet business is to market the website. It is eminent that if people do not see the website, they won’t have any idea about your business. There are several ways to promote your website. The phenomena of promoting home internet business online are commonly known as online marketing tools. The most common among them is the SEO tool or the Search Engine Optimizing tool. Online marketing tools help in increasing visibility of your website and also help in reaching potential clients. You have to decide, which marketing tool is needed to be used, which in turn depends upon the targeted audience and the extent of your spending. Surprisingly, there are many free of cost marketing tools that you can use. You will find many of them on the internet. As your website gets more visitors, be sure to get clients soon. It surely is a pleasure to be your own boss.