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HOW TO SET YOUR FREELANCE RATES - A GUIDE FOR FREELANCERS & CONSULTANTSThere are many factors which business owners must consider on a daily basis as it relates to the running of their business. Things such as how to find good help, where to acquire supplies and how much to pay one’s employees are all pertinent matters which must be addressed. There are a few ways to go about figuring out your rates when it comes to how much to charge the customers.Self-Employed Freelancers & Small Business Owners: Brand Your Consulting Expertise Niche
by Robert Moment
Today’s competitive marketplace for consulting services is no longer responsive to the marketing strategies that worked in the past. The services you provide should speak volumes about your consulting business. Think about what happens when you hear phrases such as “the ultimate driving machine,” “Don’t leave home without it,” and “Just do it.” Chances are good that you can immediately associate them with BMW, American Express, and Nike. These companies have mastered “brand brilliance.” Brand your consulting brilliance because the future of your business depends on it.
There’s an old adage, “Perception is reality.” Simply stated, the perception of a brand lies in its ability to influence a client’s behavior. When you have successfully branded your business, in the client’s eye there is no service in the marketplace quite like your service.
All consulting businesses should have a distinct, sustainable, & competitive advantage to differentiate their services from the competition.
I call this process of identifying your advantage “Brand Your Consulting Brilliance.”
Here are six simple steps to brand and differentiate your freelance or small business' services:
1. Think client focus first.
The client’s reality: Consulting businesses exist to serve clients. Develop a client visitation calendar and schedule in-person visits. Look the client in the eye and say, “I am here to serve you.” Follow up and follow through on all client related matters in a timely manner.
Create a client questionnaire so clients can rate the performance of your services. You want them to tell you how you’re doing and what you can do to serve them better. It’s also a way to discover what challenges they are currently facing. Be relentless in your client retention efforts.
2. Discover a distinct advantage that will set your home-based or small business apart from its competitors.
Start by articulating your “unique marketing proposition,” a statement of all of the qualities and characteristics that set your services apart in the marketplace. Analyze your services: What skills and services do we provide that are distinctive, measurable, and add value? Which of our past successes can we leverage in the marketplace? And don’t forget to ask colleagues what they see as your competitive strengths.
Communicate these messages reinforcing your unique marketing proposition anytime you have an opportunity to write or speak about your consulting firm and what you have to offer to prospective clients.
3. Generate publicity for your freelance or small business.
What others say about your brand is much more powerful and credible than what you can say about it yourself.
When it comes to branding your consulting brilliance, favorable publicity in the media or word of mouth is far superior to advertising. So how do you generate the publicity “buzz”? Create a buzz about your brand by being visible: speaking at seminars, publishing a newsletter on your website, participating as a host or guest on television or radio talk shows, writing a column in a reputable trade journal, and networking.
4. Promote a powerful perception of quality in the client’s mind.
What is quality if not a perception that resides in the mind of the client? You build quality intangibles around trust, reliability, excellent people, and innovative client services. Show clients that you can interpret and process their information to convert it to results oriented solutions. What you say is important, but what you do is even more important for reinforcing their perception of your brand quality.
Keep the lines of communication open. The goal of branding your consulting brilliance is to convince the client that your brand is worth their trust and worth a premium price.
5. Establish your freelance or small business' credentials as an industry leader in the field.
Clients like to know they are doing business with an industry leader. Make clients aware of your consulting acumen, presence, and commitment. Know your clients’ businesses inside out – what they do, why they do it, how they do it. Tout your firm’s successful track record of accomplishment in working with companies like theirs.
Build and sustain credibility with clients by strengthening your client relationships, developing a client retention strategy, demonstrating that you value your new clients, and going the extra mile for them.
6. Practice consistency in building your consulting / freelance brilliance.
Stay focused on implementing the branding of your consulting brilliance. Keep abreast of marketing trends in your profession and position yourself as a recognized expert. Make the most of your unique marketing proposition. Accelerate and elevate the perceived value of your brand in the marketplace.
In short, to brand your consulting / freelance brilliance, know what you have to offer, know how to differentiate it, and know how to market it.
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Article by Robert Moment
With more than 16 years of experience in the corporate and federal sectors, Robert Moment’s background includes sales, finance, management, information technology, banking, and telecommunications consulting for Fortune 500 companies and Federal government agencies. Robert specialized in business planning and development, negotiations, customer relations, public relations, and product launches.
Author, consultant, teacher, and guest speaker, Robert brings extensive professional skill, knowledge, and understanding into his coaching practice.Robert@FederalContractsForSmallBusinesses.com
or call me at (202) 582-1480
Please be sure to include your contact information in all correspondence so that I can respond to you!Greater Washington D.C. Area
The Moment Group
2200 Wilson Blvd., Suite 102, #158
Arlington , VA 22201Phone: 202-582-1480
E-Mail: Robert@FederalContractsForSmallBusinesses.com
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