Finding the Real Decision Makers

We all know that clients buy perceived value when they hire an outside service provider.

Your efforts during the sales process contribute to your client’s perception of value, of course, but other sources of influence can be equally critical to your client’s buying decision. Before most people make a big purchase, they seek advice from those they trust–colleagues, mentors, a boss, or even a family member.

I’m not talking about people who have an “official” role in approving the sale, but those in your client’s network who are likely to get your client’s ear. It’s possible that you’re not aware of these people and how they could shape the sales process.

Not long ago, for instance, I worked with a prospective client on a project that never got off the ground. Why? I found out later that one of the client’s influential colleagues questioned the project’s value and that was the end of it.

It’s not always possible to know which individuals could sway a client, but you can ask questions to help identify them and their potential concerns.

For example, to understand the perspective of your client’s colleagues, ask how your proposed project fits with other ongoing or planned initiatives. Is your project complementary to others or competing? You can also ask directly how your client’s colleagues view the value of your proposed project.

To get a better understanding of how the client’s staff might influence the buying decision, you can ask what the most influential staff people think of the project–and the potential organizational change it would bring. Will they view the project as essential, somewhat important, or just another initiative?

You can come up with similar questions to figure out how your project may be viewed by others in your client’s network.

Use the answers to these questions to shape a value proposition that includes the impact of the project on the people who aren’t directly involved in the decision process but who are important to the sale.

Sharing Your Ideas

The thought of sharing their intellectual property causes some hand-wringing among consultants. How much should you give to a new client? Should you hold something back until you make the sale?

Some people worry that clients will pilfer their ideas and use them without any help. Others are concerned that competitors could get their hands on proprietary information and figure out a way to profit from it. A few believe that clients should pay before getting the “good stuff.”

Such concerns are not unreasonable. I’ve seen clients “borrow” ideas, and ethically-challenged consultants have been known to “adapt” other people’s work and call it their own. Fortunately, these are exceptions, not the rule.

Clients buy your expertise. Your best ideas are the foundation of the value you offer. If you hold them back, you put yourself at a disadvantage. Plus, hopefully, no one can execute a project using your ideas as well as you can.

My advice is to share your best ideas freely. Clients will appreciate your commitment and you’ll have better luck closing sales. When asked if it wouldn’t be better to wait on providing ideas to clients, a colleague summed it up by saying, “They can take my ideas. I’ll come up with others.”

How Not to Market Your Business

Last week, I got a cringe-worthy marketing email from a stranger, who wrote:

Hi
I hope you are having a great week.
First of all, I was just checking in to see if you have any upcoming projects that I can quote for you? Please call, or email me, with the specs of your project and I will get the quote back to you.

I’m not sure how this email dodged my spam folder, but my immediate thoughts were–Who is this person? And what projects is he talking about?

I was tempted to request a quote to retool the docking bay at the international space station, but resisted the urge. This marketer was probably doing what he thought was right, even though he’s wasting his time (and mine) and his employer’s money.

Of course, it’s not a secret that you’re selling something. And prospective clients expect to eventually hear some sort of sales pitch from you. They’ll put up with sales letters–and maybe buy from you–if you’ve got a track record of keeping the pander-to-value ratio of your emails low.

You won’t find a formula for how much value you need to deliver to those on your email list before you can make an offer. Besides, everyone’s business and tolerance level are a bit different, so rules of thumb don’t apply.

You know your clients and target markets as well as anyone, so imagine that you’re a prospective client. What do you want to learn about? What information would you value? How long would it take for someone to establish enough credibility that you’d be receptive to an offer?

I don’t know any consultants who’d send an email as lame as the example above. Still, it is instructive: Be patient, target your audience, offer value before selling, and don’t waste your resources blasting out emails to people who don’t know you and haven’t asked to hear from you.

Dan Calista: Growing a Consulting Firm from Scratch

dan calista

Dan Calista

“After years and years of working in a large management consulting firm, I felt there had to be a better way.”

If you’ve ever thought of launching your own consulting firm or wondered how it’s done, then have a listen to this podcast with Dan Calista, founder of Vynamic, a health care industry management consulting firm. Dan started the practice with a lap top in his living room in 2002.

Today, Vynamic is a practice of more than 60 people who serve health care industry clients and continue to build an extraordinary place to pursue their careers.

In this podcast, Dan talks about the defining moment that led him to launch Vynamic, what he learned as he grew the business, and what he’d do differently if he was starting over again.

We also talk about Dan’s definition of a great consultant and the shifts he’s seeing in the market for consulting services.

Podcast run time: 21:03
Intro music exluna by Jakub Koter