[Legacy post: Small Business Talent] The format and content for today’s podcast episode is new. It’s a candid conversation between friends about confronting the ethical and spiritual challenges of life as an entrepreneur.
My guest on the podcast, Mike Brown, is a former Fortune 500 vice president of marketing. He made the leap to self-employment about 5 years ago and now owns and operates The Brainzooming™ Group — a firm dedicated to helping companies to successfully identify and implement strategic and innovative ideas. Mike’s clients include the MIT Center for Transportation & Logistics, the American Marketing Association, the PR Society of America, the CMO Summit, Frost & Sullivan MindXChange and TEDxWyandotte, to name just a few.
In my experience, many independent professionals hold themselves to high standards in business and life. As a result, feeling ethically and even spiritually challenged by situations they encounter is actually pretty common.
How can we navigate these types of challenges and continue to develop and grow as people and business owners? In a nutshell, that’s what Mike and I discuss in this week’s podcast episode. Scroll down to the Podcast Player below and listen-in now!
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Attract and Acquire More Ideal Clients: Sales and Marketing Advice For Solos
Consistently acquiring ideal clients seems like an impossible dream to most solo professionals. While many of them are highly skilled at their particular craft (consulting, coaching, speaking, etc.), very few of them have mastered the fundamentals of developing new business.
Market research is often completely ignored. That’s a big mistake. When people skip this step their new business development efforts lack focus and generate inconsistent results.
If your sales and marketing results are less reliable than you want them to be, then I invite you to begin the process of solving that problem now. First, analyze the working relationships that have been profitable and fulfilling for both you and your clients:
Take a moment and list the characteristics of the clients involved. How would you describe each person in terms of their personal background, professional background, personality and communication style?
- We’re paid to solve problems. What specific problems did you help each client to solve?
- Our work requires give and take. What role did you and each of your clients play in creating and implementing solutions to problems?
- What do these clients have in common? Commonalities aren’t always obvious, so consider this question carefully.
- Patterns will emerge. What are they?
Answering these questions is important. It’s the first step toward refocusing your new business development efforts and acquiring more of your ideal clients.
After your initial work is done, take it a step further. The goal now is to add depth and accuracy to your understanding of “ideal clients” and what they value most.
This step is simple. Ask some of your best clients to complete a brief email survey. Employ some version of this Single Question Survey: “When you think of me and our working relationship, what are the five adjectives that first come to mind?” Urge them to be completely candid. I promise you that the insights you’ll gain will be interesting.
Finally, discuss each respondent’s survey feedback with them in-person or by phone. What is it about the experience of working with you that they actually value most? Clear away any mistaken assumptions that you might have. Gain a crystal clear understanding of what your ideal clients find most valuable.
By taking these steps, you’ll be better equipped to retain your best clients. You’ll also know exactly which aspects of your sales and marketing communications should be refocused to reflect what your preferred clients actually want. Having the proper focus is crucial to acquiring more of the right clients, more consistently.
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Meridith Elliott Powell on How Smart Entrepreneurs Win in the Trust and Value Economy
[Legacy post: Small Business Talent] My special guest on the podcast today is Meridith Elliott Powell. We’ll be discussing her latest book: Winning in the Trust & Value Economy: A Guide to Sales Success and Business Growth.
Meridith has a very interesting professional background. She began her career in corporate sales and marketing and was eventually recruited to executive level positions in commercial banking and finance. This combination of experiences gave her the breadth of knowledge needed to bring the numbers and the people side of business together.
About seven years ago, Meridith left the corporate world and launched her own firm. During the recent economic downturn, Meridith coached her clients on how to take advantage of the changing economy resulting in more productivity, personal passion and profits.
Meridith’s signature high-energy communication style and her ability to rapidly connect with people make her a sought after speaker, trainer, and business coach. She’s an active member of the National Speakers Association, the American Society of Training and Development, and Lessons in Leadership. After achieving her business coaching certification, Meridith also became gold master certified in strategic planning via the Haines Centre and the University of San Diego. Lastly, Meridith increased her knowledge of communication styles, human behavior and their impact on professional relationships and organizational development by earning her master certification as a human behavior specialist.
Meridith’s professional background and training allows her to support her clients in their efforts to use trust and value, not low price, as a competitive advantage in today’s value-based economy. That’s something that we can all benefit from. Scroll down to the Podcast Player now and listen to Meridith share her business building wisdom!
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