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What To Do When Things Get Slow
Written by: Ilise BenunArticle Overview: Things don't look good on the economic front, that's true. But my business has never been better. And the clients I work with - designers, copywriters, consultants and other solopreneurs - are all continuing to get new work, new clients, new opportunities.
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What To Do When Things Get Slow
Things don't look good on the economic front, that's true. But my business has never been better. And the clients I work with - designers, copywriters, consultants and other solopreneurs - are all continuing to get new work, new clients, new opportunities.
How? It's not that we are not affected by the economy. It's just that we aren't letting it get in our way. And, to be specific, we are ramping up the marketing. That is my best advice for an economic downturn: reach out to more people than ever, go to more networking events than ever, be flexible and find the places in the economy -- and in your market especially -- where there is growth.
Beyond that, here is a round-up of what I consider to be good advice from business experts.
Be Flexible
"Give clients a number of different ways to utilize your services - perhaps expand your services to include things you have not done before - so your current client base has more reasons to "touch" your business. Keep in mind that scarcity thinking can find a business owner at the worst of times - there is MUCH abundance in the market place. Reach for the highest fruit in the tree - don't settle for the low hanging fruit. Work with YOUR strengths - the things that make YOU successful - farm out the work that can be done by others. Be careful not to hide your light under a bushel - find new ways to market your services! Be willing to do the things that others are not willing to do - even if they are uncomfortable. Those who succeed are those who are willing to be the most uncomfortable. Continue to talk to successful people - watch your circle of influence! Read, read, read - stay positive. Know that business is cyclical." (From Jean Brokaw (Sellnau), Mortgage consultant in Iowa (posted on LinkedIn)
Keep marketing
From Wendy Weiss http://www.wendyweiss.com/
My recommendation is to take action every single day to find new or additional business. Prospect, prospect, prospect. Opportunity is out there, you simply have to find it. During difficult economic times vendor loyalty can be shaky. This is a great time to go after accounts that have previously been locked up and held tight by your competition. Businesses are looking for ways to save money, make money and be more productive and efficient. If you can help in any of these areas, prospects will be open to doing business with you."
In the April issue of her newsletter, Revenue Journal, (http://www.revenuejournal.com/) Kristin Zhivago suggests getting serious about "all those things you didn't think were important when sales were good. All those things you thought were "good enough." All those things that happen "after the sale," and therefore didn't matter as much to you as things that prevented sales from occurring. All those things that, truth be told, your customers were watching, like a hawk. When the rivers of revenue are full and flowing, it feels like these things don't matter (even though they do). When your river starts to shrink and slow, these things can become company killers."
Keep your eyes on the future
From Monica Day, writing in her email newsletter, Copy Protégé, (http://www.copyprotege.com) "It's a good time to assess both your life, and your business. You might get ideas about where to look for new clients, what type of new business to start, or how to reinvigorate the business you have. Where are you vulnerable? What opportunities can you grab that would transform a bad economy into good fortune for you? We are doing what we always do: take notice of what's going on around us, and pay particularly close attention to the horizon.
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Article Tags: abundance, brokaw, bushel, business experts, business owner, business prospect, circle of influence, designers, different ways, economic downturn, economic front, good advice, low hanging fruit, mortgage consultant, networking events, new opportunities, new ways, scarcity, single day, wendy weiss
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About the Author: Ilise Benun RSS for Ilise's articles - Visit Ilise's website  Click here to visit Ilise's website   Youve Submitted the ProposalNow What How To Make Your Dream List A Reality What Should Be In My Contract A Contract And Why You Need One Answers To The 3 Big Advertising Questions Who is My Market Its Smaller Than You Think |
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Re: In Praise of Slow by Carl Honore
- Thanks for sharing GT - very interesting!
According to Amazon Kindle, the two most highlighted passages from the book are:
[quote:1tn0ii6a]Slow philosophy can be summed up in a single word: balance. Be fast when it makes sense to be fast, and be slow when slowness is called for. Seek to live at what musicians call the tempo giusto—the right speed.[/quote:1tn0ii6a]
[quote:1tn0ii6a]Slow is the opposite: calm, careful, receptive, still, intuitive, unhurried, patient, reflective, quality-over-quantity.[/quote:1tn0ii6a]
Re: Seth Godin: Star Fish v Long Tail
- Thanks for sharing, David. I always enjoy the interest it brings me when I read these types of things. Things that make you think to consider other possibilities, no matter how obvious they may seem.
Cheers,
Emma
Re: What is your biggest challenge? Today?
- The Big challenge i face many days, is the challenge to stay on schedule.
Things always pop up, like family plans and social gatherings.
I always end up procrastinating.
I've heard it's a very common situation, so does anyone have a resolution to that?
Franchisng
- This is a ll excellent information. I guess I am in a limbo about this. I have a great business that has the potential to be an a amazing franchise. But I am bogged down with the day to day work that franchising seems overwhelming. I also don't know if I actually want to take the risk to expand. Do you tamper with a model that works well? Things to think about! Anyone been in this situation?
Re: Joint Ventures??
- I have done a lot of JV's in the past. Things like you join my program and I'll join yours, or your promote my product and I'll promote yours, and other things like that. I've also started sites with other people in a JV where they would have a job like building and maintaining the site and I would market or something like that.
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