How to help a client feel safe about hiring you and not a Big 4
By Jim Thompson
We’ve all heard the comment “No one ever got fired for hiring IBM” although perhaps some should have.
I’ve heard many of you share your frustrations at losing a tender or project to a big firm because the client feels safer in doing so.
You know the client would get a comparable, if not better result at a lower cost if they had have gone with your firm, but they took the “safe” option even though it cost more.
Forget the buyers who have and never will have the courage to do something different but for those that did or do but didn’t, the problem lies with YOU not being able to make them feel safe enough to hire you.
So how do you combat that assuming you have the capability and capacity?
Before I answer that I’ll tell you what not to do – do not position yourself as a smaller version of a big firm and try to beat them at their own game.
If you go down that path you are beaten before you even start, you can’t out-brand them, you don’t have the budget for a start, that’s their strength and why they are the safe bet.
You may not be able to out-brand them, but you can outsmart them and exploit the agility you have that they don’t have and never will have.
Think David and Goliath.
Here’s what you can do that they can’t or won’t do but remember you can’t expect your clients to be brave if you’re not.
Niche down – focus!
Pick and target a particular type of problem that you solve in a unique way for a particular type of client.
Keep in mind that this doesn’t have to be at a whole of firm level, it can be a particular practice area, a specific service or skill set.
I have clients that have done the below at a whole of firm-level and individual all their practice areas.
Develop a perspective
What’s your point of view?
For example, mine at its most basic level is “man who chases many rabbits catches none”. There is a whole body of work and subsets of views that fall out of that, but it underpins everything I say and do, and I stand by it
Be prepared to alienate certain segments of the market, those that will never work with you anyway and by extension become more attractive to those that will or want to.
Articulate your position
And I don’t mean something vague, fluffy and service orientated with buzzwords like this;
A well-articulated position is not so much a wordsmithing exercise and by that, I mean a more cleverly written version of what the other person says but a clear differentiator from the outset.
We are all familiar with the elevator pitch and if you can get it down to that then that’s great but save it for the elevator.
People don’t know what they don’t know and if you are solving complex multi-dimensional problems one sentence or a cleverly worded paragraph is probably not going to cut the mustard.
For me, a position is far more than that and therefore takes more than a sentence or two that leap into services and who we are website pages.
Here are some components of a solid position
- What you do
- Who you do it for
- Your perspective
- The problems you solve
- How you solve them
- The outcomes you deliver
Remember that services are a means to end, what is the end?
Don’t assume your prospective clients have correctly diagnosed the right cure and match your list of services.
And don’t fall into the trap of thinking that your process differentiates you, everyone has one and in the consulting world, they all follow the same basic model of; discovery, design, implementation and support.
Unless what you do is highly specialised then you can’t differentiate on services or process, but you can differentiate on perspective.
The golden egg is to achieve both – specialisation and perspective.
Having and articulating a position is one thing but for me, the proof of its worth is in the content you produce.
What you say to support it, things, concepts and ideas that I haven’t heard before.
Prove that you truly understand my world and my challenges and have thought, and I mean really thought about how to solve them in a way that others haven’t.
This gives me confidence in your capability.
For example, this article is one more piece of my position and hopefully builds more confidence in you about me.
All the above is of no use if no one can see it.
The more visible you are, the more well-known you will become and by extension the “safer” you will be perceived.
Get yourself out there; write, blog, post, present.
Rattle the cage, shake the status quo, be controversial, have an opinion and voice it – do all the things the Big End of Town is too scared to do or not allowed to do.
If you are truly brave then why not even call them out as the over-priced behemoths they are – I would, in fact, I just did.
Perhaps I may have oversimplified it here but the problem is real, I see and hear it everywhere and it’s further supported by the 1000’s of downloads of my eBooks.
Why is it so hard?
- Because it is hard
- The fear of narrowing focus
- It takes time and deep thought – time away from client work
- You have to write
- The lack of skilled positioning practitioners
I’ll put my salesman’s hat on here for a minute, but it happens to be the truth. It’s next to impossible to achieve the above without an external perspective.
That is evident by simply Googling a few professional services websites.
If your anywhere from a sole operator to a mid-tier firm and this sounds like something you want to work on then please get in touch.
And to paraphrase a quote from the perspective of one of my clients; “…without courage… there’s no innovation, no change, no improvement”.
Need Some Help?
Sometimes a 20-minute discussion might answer your immediate questions or needs.
Other times we might need to meet with the senior partners for a 2 or 3 hour discussion with topics including but not limited to strategy, growth, succession, desired outcomes and what a successful engagement looks like for you.
Please feel free to fill out the following form and let’s discuss if and how One Rabbit can assist.
It’s hard to market law because no one wants to buy it – new or old
By Jim Thompson
There’s a lot of noise about out there about “New Law” but the only ones who seem to be excited about it are lawyers. As a buyer, I say welcome to the world everyone else has lived in for decades if not since commerce was invented. Sure, it holds some value for a buyer if…