Many service business owners these days are
"giving away" their business services ? and then
wonder why people aren't hiring them in droves. In
the name of "marketing," business owners are
providing way too much information for free. Some
shifts in thinking are necessary if these business
owners expect to be in business years from now.
Even trained coaches, I believe, do too much
pro-bono work. Why? They say that they need to
practice, but the bottom line, IMO, is that they
don't value their gifts.
Shifts in thinking and action need to occur. One
place to start is by moving yourself from an
employee mentality, where you "give information
for free because your company is paying you and
it's just what you do in your job" to thinking
like a business owner who values their gifts and
expects to be paid for those gifts.
There's a definite shift in the right direction,
thank goodness, taking place on the Internet. I
think it started after the dot.com bust settled
down. The first site that went from free to paid
that I remember was Consumer Reports, a
publication I've been reading since 1973! I
thought, "how could they" and then realized what a
novel idea ? business web sites actually making
money using a subscription based membership site.
Membership sites, for those who ? like me - are
"informational entrepreneurs," are on the rise,
too. In 2001, Infopreneur Terry Dean's site went
from "free" to a "paid" membership site, which
brought him a minimum of 5k per month. His income
is much more than that now, but you get the idea.
Just like a toddler, we have learned from our
mistakes and are taking the Internet from a place
primarily for freebie seekers to a valuable
sophisticated, professional marketplace.
The final shift is to always act like a "real"
business owner and stop giving away the bank.
Being paid for your service is about honoring your
business, your talents, your precious time, your
gifts and the skills you've developed. Setting
boundaries on just how much free information, or
free services, you'll give away is not easy to do.
Just like pricing services!
However, no one expects to go into a shoe store,
ask for free shoes, and walk out of the store! If
you don't value your services, no one else will.
So if you're holding back information that you
rightfully should be paid for, and you believe
that you're hoarding or being stingy, please look
to see if that belief is based in reality.
VERY big shifts indeed.
Tiffany Bond, principal at BrandBond in Seattle,
said it best: "People seldom value an opinion they
didn't pay for - but they will sure assess blame
to it!" So if you're going to take the blame, at
the very least, get paid highly for it!
Yes, providing some limited free advice may be a
good marketing strategy. It may assist someone to
trust you. On the other hand, it might have the
opposite effect, and cause people to wonder why
they should pay you when they're getting the
information for free. So, just be careful that
you're not giving away the shop. As I tell my
clients, "learn from my mistakes (and I did give
away the shop until I got smart!), and go and make
better mistakes!"
And what can you say to people who 1) ask outright
for free information, or 2) just start talking to
you about something, and you realize that they're
trying to "borrow" your valuable resources without
becoming a client? Here are some ideas. Try them
on to see what "fits" you best.
23 things to say when someone asks you - a service
business owner ?
for free information!
1. My charge for an initial consultation is "x."
If we turn out to be a good match, and you hire
me, I'll apply 1/2 of "x" towards your commitment.
2. I'm happy to give you 5 minutes or less of free
time, however, most issues are more quickly &
effectively resolved in an undisturbed session(s).
May we schedule a meeting so I can give you my
undivided attention?
3. If someone is very persistent, whip out a
stopwatch & say "For $2 a minute I'd be happy to
go into this now. May I start the clock & do you
prefer to pay with cash or check?"
4. What I can do is refer you to a free resource
on "_______."
5. I do work with two pro-bono clients, who are in
desperate need financially. I'll take your card
and add you to the waiting list.
6. Yes, I do work with clients on "name the
issue." Would you like to set up a consultation?
7. That will cost "x" per hour.
8. There's a lot I can do for you that's similar
to the work I did for "xyz" client. Would you like
to get together and build a marketing plan? (And
then charge for those services.)
9. Well, I'd love to suggest something; however,
my fees are "xxx" per hour.
10. Are you looking to hire me?
11. Are you looking to hire _____? Well, I'd love
to talk to you about that; my fees are "x" per
hour."
12. You may call me for a 15-minute talk, very
focused, on that issue.
13. "Well, the answer to that question depends"
and then spend a few minutes explaining some of
the options and considerations. For example, I may
explain that the best way to identify the
"solution" is to work backward from the desired
end result and process. That provides a natural
lead-in to: "If I were to work with you on this
project, here's how we would do it..."
14. Sorry, I can't answer that unless you pay my
fee (or hire me).
15. A complete answer to your question is going to
take more than 15 minutes over the phone. Would
you like me to send you a proposal on this?
16. I have really enjoyed talking with you and
would like to help more. May I send you one of my
brochures and a rate card?
17. Do you have a time line and/or budget in mind
for solving this problem?
18. Have you looked at cost estimates from others
who would like to help you solve this problem or
complete this project?
19. It's not a good time for me to begin a session
right this minute. Would you like to briefly
discuss session times and fees?
20. Are you seeking generic free information on
"the topic" or to work with a "your profession
here" to address your specific situation? [If I
have a free resource, I'll ask for their email
address and send it to them.]
21. I provide a general 3-4 sentence overview of
how I would address their concern with them. Then
I say that I've found that the sorting of the
information available and subsequent application
of that information is so specific to each
individual that I always recommend hiring a "your
profession here" for getting that one project
completed.
22. Well what I can offer you on that subject is
an ebook (CD, audio, etc) called ________. I'll
email you the link.
23. Refer them to these "free" or "almost free"
resources:
? The library has books/tapes/audios/CD/reference
librarians.
? To an outsider, your local SBA and SCORE Offices
"look" free. They're really not "free" either.
Their classes "cost $" and their advice is paid
for by all of us as part of our taxes.
? Find a professional who needs your services and
see about some sort of in-kind exchange or barter.
Again, this isn't totally free, as you do need to
report it on your taxes, but in most cases, there
isn't any money exchanged.
? Join lots of ezines by experts in the area
you're looking to learn about, but do it quickly
while they are still free. And know that the 'best
of the best' contain ads and affiliate programs,
too.
Marcia Yudkin, Marketing Consultant, Speaker and
Author says this in Marketing Minute:
(http://www.yudkin.com/) "You can head off a good
portion of that from paying clients by setting
down in writing what your fees cover and do not
cover. While you don't want to come off as some
sort of dictator with a stringent rulebook, it
helps to set forth guidelines for a productive
relationship. For folks who are not yet clients,
feel free to copy what I do. If I can answer a
question in five minutes or less, I generally just
go ahead and do so. If a question is more
complicated than that, I reply, 'I couldn't do
justice to your question without a consultation.
My consulting rates are ...' Prevent hassles by
making expectations explicit!"
Remember, as a service business owner, part of
what you "offer" clients and what they value from
you is your knowledge and expertise. It's as much
a part of your "services" as any tangible
materials you produce. So make sure to treat it
as such, and get compensated fairly! When you
value your services, others will, too.
==============
With special thanks to members of the CoachU
Alumni Helping Alumni List
http://www.coachu.com/, Digital Eve Seattle and
Freelance Seattle,
www.freelance-seattle.net discussion lists for
sending me their questions and observations, which
contributed greatly to this article.
? 2004 Maria Marsala, Business Builder and former Wall
Street Trader. "Powering-UP service busine$$es and
their owners". Providing articles, tips, classes, and
resources. Learn more at
http://www.ElevatingYourBusiness.com