CAN'T I HIRE SOMEONE TO MARKET ME?
C.J. Hayden, MCC
"I'm
really good at what I do, but marketing isn't my strong point. If
someone else could develop the leads and get me appointments, I'm
sure I could land more clients. Can't I just hire someone to do
my marketing for me?"
It sounds appealing,
doesn't it? No more networking, soliciting referrals, sending letters
and emails, speaking in public, writing articles, standing around
at trade shows, and finally -- no more cold calls.
Yes, you could
hire someone: a contract marketing representative, commissioned
salesperson, or telemarketer. A marketing rep will search out leads
for you, make the initial contact and sometimes even make a presentation
to the client. Contract reps most often work on retainer, plus a
bonus when they close a deal. A rep can't guarantee that he or she
will bring you business, and you pay the retainer no matter what.
A salesperson
will make contacts for you and present your business to the client.
Some salespeople will research their own leads; others expect you
to tell them who to call on. If you can make it worth their while,
salespeople will work for you
on straight commission -- you pay them only when they make a sale.
Telemarketers
will make telephone contact with the prospects you target. Some
will try to set up appointments for you. You need to provide the
telemarketer with a list, which you can purchase from a list broker
or compile from directories or membership and subscription lists.
Telemarketers expect to be paid for their time, whether or not their
calls are successful. You can give them an added incentive by offering
a bonus for each appointment they make.
But here's the
reality. For a professional or consultant running a one-person shop,
hiring someone to market for you will probably be a waste of money.
As a one-person business offering services for a fee, your earning power is limited by the
number of hours you can work. Unless your rates are already quite
high, it will be difficult for you to bring in enough money to pay
for talented marketing help and still make a profit.
For example,
if you charge $100 per hour, and bill 22 hours per week (the national
average for consultants), your maximum earnings are $2200 weekly.
If you pay a salesperson 15% commission on that, he or she gets
$330 per week. What quality of salesperson will you get for that
amount of money? How much time will he or she be willing to spend
on your account? Can you see that you would have to pay much more
to keep a skilled salesperson working for you?
If this example
makes you think you'd rather hire a telemarketer by the hour, consider
this. Could a telemarketer give the kind of answers prospective
clients typically need when you get them on the phone? Clients resent
being called on by an uninformed person. Unless you are prepared
to spend many hours working with a telemarketer to bring him or
her up to speed (and pay for the time), this approach is rarely
effective, and may backfire with customers.
The most you
can realistically expect from a telemarketer is to make calls with
the purpose of identifying the right person within an organization,
verify or obtain contact information, and deliver a message or invitation.
A productive use of telemarketers can be to inform prospects
to watch for a mailing from you or remind them of an upcoming seminar.
But you still have to provide them with the list of people to call.
Unfortunately,
a business without an effective marketing and sales arm is not yet
a viable business. Successful consulting and professional practice
firms always have at least one principal owner who brings in the
clients. When you're the only owner, learning to market yourself
is an absolute necessity.
If you find
it too difficult to learn marketing skills yourself (or don't want
to), consider partnering with a colleague who was born with the
marketing gene. Or, subcontract to a larger firm. You will have
to give up a percentage of income that way, too, but you'll avoid
the mistake of paying for marketing help that doesn't pay for itself.
Copyright
© 2001, C.J. Hayden
Read more free articles by
C.J. Hayden or subscribe to the GET
CLIENTS NOW! E-Letter.
Editors, publishers & webmasters: You may reprint these articles
free of charge if you follow our reprint
guidelines.
|