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Wednesday, October 14, 2009
SPOTLIGHT - FREELANCING TIPS
10 Ways To Make Your Freelance Business Fail
Here are ten easy ways to fail at freelancing with hardly any effort:
- Take deadlines as a loose suggestion. If you can meet a deadline, great. If not, well don’t sweat it. You’ve heard of the saying “fashionably late?” Well, when it comes to freelance failure that saying applies to projects too.
- Take your time when replying to clients. Why reply today when you could reply tomorrow? Keeping them waiting is one of the best ways to fail. The longer the wait, the better your chances of scaring them away.
- Don’t answer your phone either. There could be a client or potential client on the other end of that line. You have better things to do with your time than talk to a client. Let it ring! Best of all, don’t invest in an answering machine or any kind of voicemail system, that way you’ll never even have to get back to them.
- Don’t deliver what the client wants. You’re probably smarter than your client and your taste is probably better than theirs too. When your desires conflict with the client’s wants, choose to do what you want to do. You’ll be happier, and they’ll get a better project.
- Let your emotions out, all of them. If you’re mad at a client, let them know about it. There’s no sense in letting all that anger build up inside you where it could possibly spoil your day. Why not let it spoil your client’s day instead?
- Run errands. If you work at home, you’re probably surrounded by household tasks that need doing. Why not take a break from work and do them? After all, your priorities are at least as important as the priorities of your clients, right?
- Fast track your failure with video games. Video games are awesome if you’re trying to fail at freelancing. You can spend hours, even days, playing video games instead of working on your projects.
- Get wrapped up in daytime television. You’ve probably heard people say that “there’s nothing on during the day.” Well, they’re wrong. Turn your television set on and you’ll quickly discover that there are programs that air during the day.
- Take up a hobby. Be sure to choose one that has nothing at all to do with your freelancing business. Devote as much time as possible to your hobby –even time that you would normally reserve for client work.
- You have a bed, use it. Don’t bother to get up in the morning. In fact, if you don’t feel like it, don’t get up at all. When you’re trying to fail your rest is much more important than your freelancing business.
All right, nobody really wants your freelance business to fail.
However, we freelancers sometimes behave as though we want our business to fail without realizing it. Recognizing and eliminating these failure-causing behaviors can actually help you find freelancing success.
Did you recognize yourself in any of these failure tips, even a little bit?
Seven Lies Freelancers Tell Themselves
There’s no doubt that freelancing can be tough — freelancers face many obstacles. From finding clients, to meeting deadlines, to keeping skills and equipment current, all the way to being paid: freelancing just isn’t easy.
One of the biggest challenges that we freelancers face, however, is one of our own making. It’s the challenge of being totally honest with ourselves and accepting the reality of certain situations. Without overcoming this challenge, without learning to be totally honest with one’s self, it’s pretty tough to succeed.
Lie #1 — I don’t need to market my business
This lie is dangerous because it shortchanges your future ability to earn. Although you may have plenty of clients right now, that could change in an instant. All it takes to go from being to busy to needing clients is for one or two major clients to stop calling on you. Freelancers should be continuously marketing their services — even when they are too busy to take on new work.
Lie #2 — A high-dollar job is a good job
It’s important to always consider the scope of the work being requested with the amount of the offer. I’ve known of freelancers to commit weeks (and even months) of their time to a project that worked out to be less than minimum wage because they overlooked the scope of the work. A $1000 offer isn’t a good deal if the work takes hundreds of hours to complete.
Lie #3 — Clients don’t like being asked questions
Good client communication is crucial to running a successful business. Most clients understand this and are happy to answer questions if they are asked in an organized and respectful manner. If you can do so without compromising the project, try saving all of your questions to ask at one time. Asking questions shows that you want to get the project right, and is always good business practice.
Lie #4 — All that time spent reading blogs, it’s networking
So, you’ve been spending a lot of time reading a lot of blogs. Good for you! You can learn a lot from blogs. However, networking has two important elements: interaction and strategy. If you don’t ever interact with others and you don’t have a strategy, then you aren’t really networking. Actually, there’s another term for what you are doing. It’s called “websurfing.”
Lie #5 — There is such a thing as a free lunch
Everybody would like to get something for nothing, and freelancers aren’t much different from anyone else. In fact, you’ve probably already read many advertisements that promise to teach you a “money-making system” that requires little effort on your part to achieve great success. Don’t believe it for a minute! Successful freelancers are those who realize that they have to work hard to earn what they have.
Lie #6 — I’m an expert, I don’t need to update my skills
No matter how much experience you have, how many degrees you have, or how well known you have become — there is always something new to learn. Don’t rest on your past experiences. If you do nothing to improve your skills, you won’t stay where you are. Instead, you’ll actually find yourself falling behind. No matter how busy or successful you are, always make time for additional training.
Lie #7 — What works for [Big Name Freelancer] will work for me.
It’s easy to believe this lie. You hear, or read about how someone else achieved success and assume that the same steps that he or she took will work for you. While it is a great idea to learn from others’ successes, you shouldn’t expect to have an identical experience. Each of us exists in our own unique freelancing environment. What works for one, won’t necessarily work for all.
Don't Lowball your Clients!
You want to know what the project’s budget is, but they can’t tell you. Start-ups and small companies often don’t have a set budget for projects like these. They are looking to you to provide a price quote, so they know what they can expect to pay.
Still, your gut is telling you this client can’t afford you. What do you do?
As an experienced freelancer, you know that ignoring sales leads, while sometimes tempting, is terrible business.
Instead, if you really want the client, you might provide a lowball estimate, hammer out some quick work at a low cost, collect your twenty dollars and call it a day. But this approach has several pitfalls.
- Even a budget client can turn out to be high maintenance.
- Too much for too little is a big problem no matter who you’re dealing with.
- The client could eventually leave for a more expensive vendor.
Just Bid It
Instead of lowballing the project — risking an awkward client relationship and setting the wrong precedents — just provide them with a quote like you would any other client? After all, they came to you because they want your professional services and style, and you’re not bargain-basement material.
When creating the quote, make sure it’s balanced, fair, and somewhat realistic for a startup or small company — while also true to what your services actually cost. If you have a bad feeling then don’t spend too much time on the estimate, but still provide something in range of your own professional standards. They’re probably not expecting a glossy, ten-page proposal — but just sending a quick email might look like you’re blowing them off.
Often times, you’ll be glad you bid at your standard rates. Maybe you will get the contract, maybe you won’t. But if you do, it will be on your terms, and for a price you know you’re worth.
If it turns out your gut feeling was right, and they can’t afford you, you might still congratulate yourself — because you’ve made an investment on the future. They may choose someone cheaper, but deep down, they still want you. They may hang onto your business card, check up on your work, and even refer their colleagues your way. And many times, months or years later, they may come back — with a budget you can work with and plenty of respect.
SOCIAL MEDIA
If you’ve ever wondered whether or not social media can help you as a freelancer, the simple answer is —absolutely. Being social on the web has many rewards; including connections, community, interaction, exposure, and trust. These five elements are critical for a business to survive, and with social media you can make sure you are building all of them.
Once you’re familiar with the idea of using social media for your business, here are 5 simple tips that can make a big difference to your success with social media.
1. Pick a Name and Stick With It
Before you even open an account on any social media platform, you’ll want to make sure you pick a name and picture that will stay consistent. This is one of the key things that many people don’t seem to realize. If you have the same “profile name” on multiple platforms, it makes it much easier for others to find and remember you. It also helps you create a better personal brand if you become popular on these networks. F
2. Don’t Put All Your Eggs In One Basket
Many freelancers dive into social media and end up putting all of their energy and effort into one social media platform. This is not a great approach. Although it is good to stick with platforms that are popular in your industry, it’s key to build a community and a brand in different platforms. Having a presence on different accounts gives you a chance to connect to more people and eventually will help you grow your freelancing business.
3. Choose and Execute
Although this point may sound contradictory to the one above, it’s really more of a complimentary approach. As I have mentioned above, you should have a presence on several different social media platforms — however, you should also be able to maintain that presence. There is no point in creating a profile on 50 different platforms if you can only use five platforms actively.
4. Active Doesn’t Mean Obsessive
In order to get the most out of social media you have to be active on the networks you’ve chosen. Being active, however, doesn’t mean you have to be obsessed. There is no point in updating a Facebook profile or Twitter account just for the sake of it. As they say in blogging — if you have nothing to say, it’s better to say nothing. Follow that rule on social media platforms as well.
5. It’s All About Interaction
Social media is all about interaction. If you want to be seen and want others to take interest in what you have to say or do, you have to be an active participant. Whether it’s Facebook, twitter or any other platforms that you utilize, participation and engagement is the key to succeeding in social media. Social Media is often seen as a free tool to help you when it comes to exposure and creating a name for yourself or your business, but you need to keep in mind that it costs both time and effort.
Social Media Basics
- Look at what you are already using.
- Look at what your clients and colleagues are using.
- Look at what your industry trendsetters are using.
We freelancers are used to wearing many hats, however, and most of us can learn to be our own social media specialists and develop a presence without much outside help.
Here are some tips to get a maximum social media impact for a minimum social time investment:
- Focus your presence on two or three social media sites.
- Schedule time for social media interaction each day.
- Don’t just promote yourself. Many business owners make the mistake of thinking that social media is all about them. Their social media participation seems almost like advertisements. Social media is actually about interaction. Think of what your target audience (clients and colleagues) would find helpful and share that type of information even if it doesn’t directly relate to your company.
- Use the right tools. The tools you use to manage your different social media accounts can make a big difference in how easy it is, and how much time it takes. Check out this article for 35 social media tools that make life easier.
Social media - helping charities
We’ve all seen how social media is good for business. It helps build a brand, drives traffic and awareness and builds out communities. But, what we’ve also seen is social media bringing together people to lend their time to important causes on a global level. By using the sites we LIVE on every day (don’t tell me you haven’t realized you’ve been spending about 30% of your day tweeting)–why not use all of these friends and followers to do something good?
While many people have ideas to start a charitable program or event, actually doing something isn’t as easy. There is planning, event scouting, logistics, food, drink—you name it, it’s tough. Typically, this process can take weeks or months to come together. But, with the help from online communities this process can become even easier, and the results can be nearly instantaneous.
Looking for motivation to start your own charity event using social media? We’ve put together a list of recent events that have used the success of past events and others to springboard their efforts.
Click on title for list of these great events
These events illustrate the power that a small group of individuals and their networks can have to instantly and effectively change the world for the better, whether it be on a worldwide scale or to benefit one single individual in need. Knowing your audience, targeting marketing, appealing to the greater good, great timing, and a clear call-to-response help, but personal networks, trust and transparency have started to usurp years of tried and true offline fundraising techniques – and with more immediate impact. The art of fundraising is changing, and social media, like with so many other things, is helping to change the rules.
THE STATE OF OUR INDUSTRY
Business Growth
Meetings and events are valuable tools for U.S. businesses. Meetings and events drive business growth by fostering collaboration, idea-sharing and generation, and employee retention. Incentive programs have been shown to be two to three times more effective than cash at motivating employee performance. In a recent survey, Fortune 1000 Chief Marketing Officers said that meetings and events provide the highest return on investment of any marketing channel. A new study shows that 87 percent of Americans who have attended an out-of-town meeting or convention for work say it is important to running a strong business.
Employee Development
Good managers encourage the professional growth of employees, and employers must make sound investments in key staff in order to retain top talent and secure the bottom line. Far from being a perk reserved for executives, meeting and performance incentive travel provides valuable development and networking opportunities for employees at all levels.
SUMMARY
- Non-cash incentives are 2 to 3 times more effective at motivating employee performance, and companies spend less on incentive travel than on cash compensation to achieve exceptional productivity from employees.
- Meetings and events are strategic tools that deepen employee relationships and contribute to the overall health of companies. A 5% increase in employee retention can generate a 25 to 85% increase in profitability.
- Companies with satisfied employees generate better overall returns in the stock market, with firms on the list of “100 Best Companies to Work For” generating up to five times as much return as their competitors.
GREEN REPORT
INTERNATIONAL DAY OF CLIMATE ACTION - OCT 24
On Oct. 24th, the International Day of Climate Action, people
from over 150 nations will come together in creative climate
actions to take a stand for 350 and a safe climate future. There
will be 1000s of creative on-the-ground actions everywhere from
the slopes of Mt. Everest to the underwater reefs of the Maldive
Islands to the streets of our biggest cities. All designed to
drive the 350 message into the human imagination -- and help our
leaders realize we need a real solution that pays attention to
the science.
It's the combination of in-the-flesh activism and online
organizing that will carry the day here. On Oct. 24, activists
will be uploading images of their events in real-time and we'll
be displaying them on 350.org and on the giant screens of Times
Square. By day's end, we'll have an unprecedented global gallery
of images and stories, enough to make both old media and new
ring out with this crucial number.
We need to make this viral movement go double viral (think Panda
sneezing) -- and so we need your help. In the last 18 months,
350 has moved from the pages of a scientific paper to the center
of a global movement. Now it's time to make that number...
count. We have a whole series of tools at http://350.org and
http://350.org/bloggers that you can use to spread the word, and
we're enormously grateful to you for doing so!
Onward,
Bill McKibben, co-founder, 350.org
Wednesday, September 23, 2009
Summer in Review
- About 20 people attended - some I'd never met before and were forwarded the blog from others
- There were many that I go way back with and others I've just met in recent years - it was great to catch up!
- All of us have had a very slow year
- No immediate recovery in sight
- We all expected things to pick up in the fall but so far it's pretty quiet out there
- We all agree that when things pick up, the business will be different
- It will not be the business we know from the past
- We must all look at the business with a fresh eye and flexibility
- Many of has have started to reinvent ourselves and how we approach business opportunities (highlights to come in forthcoming issue!)
SPOTLIGHT
Then the client seems frustrated and irritated by questions from all the bidders in attempt to learn what they need to successfully respond to the RFP. In some cases the client provides far more details on how they want the document organized and formatted than the response and the estimates.
How many good RFPs do you receive?
What do you think would be the long-term impact of clients actually investing the time to develop well-conceived RFPs instead of doing cut & paste on the last confusing document they issued?
I recently reviewed two RFPs. The company spent three months developing the RFP for a $500K IT project. They spent about two days on the RFP for a $1.5 million annual meeting.
The big objective was to give the sales force the same experience they enjoyed the last few years at 50% of the budget. They sent the RFP out to seven companies - plus the incumbent. Guess what, they were upset because the bidders didn't seem to understand the project. By the time I became involved the RFP schedule was weeks behind, bidders were getting upset and and top management was screaming.
I agree that one of the hallmarks of an inexperienced client is when you see 6+ bidders. Besides indicating that they don't know what they're doing, it shows a great disregard for suppliers who are expected to spend thousands of dollars in proposal costs with little chance or winning the job.
This issue of RFP's seems to be plaguing us all lately...lots of time spent only to have our ideas taken and turned around to the one who will do it the cheapest. Sometimes you don't even hear back. One of the issues we disucssed was charging for proposals and if the bid is won then it can go towards the mgmt fee. But if everyone's not charging, then it's not likely to go over well.
We've gotten a few RFP's this past year that have been absurd. And we're asked to submit all of our ideas and take days/weeks of our time out of our schedule only to have these ideas taken, or as said by Richard Rowlands "to check out the market." The process has been very frustrating...wish we could figure out a way to reform it!
Very recently, we received a RFP from a prospect where we didn't have a prior relationship. The RFP came from a Gmail account of the prospect company, without a contact person's info and a less than one week turnaround that included creative concepts for a 2010 program.
Not sure what to think here...is it a real opportunity? Why such a quick turnaround? How many agencies received this RFP? Why isn't there a contact person? Do they really expect us to provide some free ideas to a Gmail account? We politely declined...
DO YOUR PROPOSALS STINK OR SELL?
What makes the difference between a proposal that stinks and one that sells? Odds are you haven’t changed your approach to proposals in years or decades. It’s time to overhaul your proposal process and put it in-sync with how your clients buy.
- HOW CLIENTS BUY
- They know their requirements better than you do
- They want to be able to compare each proposal point-by-point
- Creative, logistics and budget are important but they are buying strategy, confidence, chemistry and a relationship
- They want to feel that they “own” the solutions
TOSS OUT THE BOILERPLATE
- Scope of the Project – what they need in their terms. This isn’t the objectives it is how the client described the project.
- · Results– forget stating the objectives – clients buy results. Outline the specific results you will generate and the time period. If you can’t present specific results then you simply don’t understand the project or the requirements.
- · Strategic Approach – the thinking you have used to develop specific solutions. In the end clients hire you to think for them so let them know you understand the situation and are approaching it strategically as well as tactically.
- · The Solutions – based on the scope of the project and the strategy. You are demonstrating your thinking and ability to deliver specific results. This is more than an explanation of products, services or creative elements. Remember, the client is buying your ability to think and work with them to develop solutions.
- · The Benefits of the Solutions – clearly defined benefits your solutions deliver. Make a commitment on what they gain. Don’t be vague – promise specific results. They are buying results.
- · Time Line – demonstrate how you will organize the project and the deliverables. Put this from the client’s perspective.
- · Working Budget – position these as beginning numbers. Acknowledge that they will change as you work together on the project. Every client looks at the budget first.
- · The Benefits of Working With You – think of this as “street cred.” The goal is to build confidence, chemistry and a relationship. Avoid giving laundry list of clients and more than three case studies. What do they need to know to make the decision?
SEE MORE AT LINK INCLUDING THE SECRET STRATEGY
WHERE WE LEFT OFF
My Top 5 Biggest Freelancing Mistakes
It is often said we learn more from mistakes than successes. Sometimes it is nice to learn from another persons goofs rather than your own!
Every freelancer will have their own story to tell, here are mine. I hope you find them useful and maybe you will share your own in the comments.
- Underpricing
- Over committing
- Failing to sell
- Always saying 'yes'
- Not following up
Tuesday, June 2, 2009
SPOTLIGHT
- You get what you pay for - don't lower your rates
- Look for cheaper ways to get things done - value added to your clients
- Be creative and offer more value for your services
- Be willing to work a flexible schedule (not 5 day week)
Maintaining your freelance pay scale
As a freelancer, I've always felt I need to work with, not against, my fellow freelancers when it comes to maintaining our fees and day rates. If we all keep our rates at an acceptable going rate and don't underbid each other, it will keep our rates at a steady increase over time as the cost of living increases. However, this philosophy is being seriously undermined during these tough economic times. With so many of us competing for the same few jobs, it is very tempting to offer rate discounts to our clients. I've found myself accepting flat and reduced rates for proposals and other types of business. I do this because I need the work and if I don't, someone else will. In some cases, I feel our clients are taking advantage of us by making "take it or leave it" deals because they can.
How do we avoid setting ourselves back years, yet remain competitive?
Meg Reeves
Producer - Events, PR, Media
Comments
Tony Castrigno
Creative Director and Senior Designer
Meg - only 'he who shall not be named" brings greater fear to the freelance community than "I have work for you but ...."
First of all take stock of what you are charging and what it takes to bring that service to the agency or production company. When you truly understand the value of what you offering and what the absolute bottom line is, you can offer your services and negotiate with conviction that your rate is not arbitrary or merely the "going rate" but the right rate.
Producers are getting just as squeezed as we are. Remind them that your experience can reduce risk and save them money. Work out a way to deliver your talent without simply billing on the clock. You can also offer efficiencies such as working remotely so you can avoid charging for a full day just to make an appearance in their offices.
...
Good Luck
Mike Bell
Drawing, Developing & Delivering: events, spaces and experiences - twitter: 'mikebelluckf'
Tony - right on every point - rates will get knocked back, but then we can build them up again when things get better - the way to do that is to keep developing, and improving, what you offer. The 'hallowed' rates for certain roles may need to be maintained, but I think, for the creative roles, new skills, broader techniques, and refined responses to client requests will only help improve your workflow and keep your rates reasonable.
Melissa Elliott
Executive Producer at Blackbox Communications Inc
It's a challenge we're all facing these days. And there are some clients out there that tend to take advantage of the current situation and negotiate hard. I suppose a gut-check is in order when this occurs to determine just how badly you want to maintain or develop that relationship.
Here's something that you can probably relate to... : http://bit.ly/H9zm6
You can follow me on Twitter: @MelyMello
Kiku Terasaki
Film & Television Producer
Dear Meg,
As someone whom you've repeatedly supported and recommended over many years, I can't say enough how I've appreciated your longtime insistence that we stick to our rate. If we've worked for a company before, I think it's fair and appropriate to them to ask for a certain amount of reduced rate, 'on-spec' work because there is already mutual good will. And rates are often negotiable depending on the job.
I don't see, though, how we can accept being treated as so easily interchangeable that the company can say 'we'll get someone else' and really mean it. Else, why did they call us in particular in the first place? I'd prefer to negotiate based on a real understanding of the scope of the project -- or pass.
Jonathan Bentley
Independent Broadcast Media Professional
Melissa good video, However Meg, I must say as a seasoned freelancer you get what ya pay for if some kid ( filmmaker) get's the job on craigslist let em have it, true pro's get the right rate no matter what. I rarely have to settle for anything less the market dictates rate and the market size if some freelancer lowballs clients he gets a bad reputation as a lowballer and gets blackballed pretty quick if his work proves otherwise. My clients know I'm worth the expense and take good care of me once a track record has been seen I will give a discount sometimes out of good faith. Yes there are economic hurdles but we as freelancers always stick together on rates for all purposes and have regular meetings to stay updated. When was the last time your plumber gave you a discount? You get what you pay for Hire a Pro! with that I'm not sounding arrogant but I haven't seen any downturn in rates yet only rates on the rise.
Elizabeth Marasco
Owner at Brady Events and Marketing
I seem to encounter "show me how you did it and we will do it ourselves the next time." Lately I have been experiencing the question, "where did you buy this product or service." I have started recanting with "why do you ask?"
BILL DEDES
FOUNDER & CEO, CUTTING EDGE PRODUCTIONS, INC.
I'm not a freelancer (I used to be) but I run A TV Studio & Live Events company, and I wouldn't (and don't) ask our loyal freelancers to cut their rates, but I do ask for some slack when it's not going to be a full-day...
However, I have run into enough ARROGANT freelancers (over the last 23-years) who would snub their nose at some situations, and are now BEGGING me for work-even SHOP WORK... Go Figure. I think that there needs to be a happy medium between maintaining rates, and being flexible on a case by case basis...
And Meg, It's nice to see that you're still humming along - it's been years since we've spoken.
Mark Ruvelson
Executive Producer
Regretfully, the cutting down of freelancer rates seems to be all the rage these days. Companies can get away with asking for it because as you said, if you say no, someone else will say yes. I'm not sure I agree with the comment that when the economy improves, we'll be able to build rates back up. I hope that's the case, but it may not be - it's always easier to be knocked down than to build back up. My survival strategies in the current environment: Flexibility- I've had to cut my rate and sometimes work on spec for a piece of the back end. If I would have said no, I would have missed the opportunity. Innovation: rather than waiting for the opportunities to come to me, I'm creating my own ideas and selling them to clients, and of course I'm writing myself into every budget! Nest egg: probably one of the best things going for me at the moment is that I'm not desperate. I've been able to tuck away a nest egg that allows me the opportunity to say no to a gig when it's really unattractive. Branding: I'm using free time to update my website, social networking presence, make phone calls to past clients, etc.
Thanks, Mark
follow me on Twitter: www.twitter.com/LightSpeedMgmt
Tony Castrigno
Creative Director and Senior Designer
Reading through the responses to your question I can't help but notice that Jonathan Bentley's note runs counter to the prevailing mood of the business.
Jonathan, I would love to have clients such as yours. Clearly they have not been forced to cut budgets, do more with less or look for cheaper ways to get things done. We recently did a project for a prodcuer whose client was the largest retailer in the world. The task - they wanted the same event they did last year, but done in an event space in NY rather than a hotel in the midwest for less than last year. Now I suppose they can just say "sorry can't be done" but what they did was say "yes". That I am afraid, is what is really going on... no one is looking for a low baller... they need help staying in business.
Mike Vennerstrom
Owner, Equinox Creative
Your last sentance was right on, Tony. Producing agancies, especially the small ones, are fighting the same economic battle the freelancers are. My business is down over 50% and I have staff and overhead expenses to pay. I have seldom asked freelancers for reduced rates, but right now I'm just trying to keep the doors open and avoid layoffs. I'm certainly not asking for discounts in order to increase my profitability.
There are no "bad guys" in this discussion. We're all in this together, artists, producers and management. We have to work together to insure everyone's survival until things pick up again.