Archive for February, 2009

Listen first, sell later

Thursday, February 26th, 2009

Ready to gear up that sales campaign? Not so fast. Before you hit the streets making cold calls, remember that there’s gold in your natural network. The key: you must be willing to be curiously different and look for the non-obvious venues.

Poster child for doing it right: executive coach and turbocharge client Allan Milham. To promote his “Bold Moves” concept for change management, Allan went to his favorite folks and asked “here’s what I’m up to — what do you think?” And because we framed his concept beyond the obvious, his message adapted perfectly for what’s going on now. His champions saw the fit immediately and came up with their own suggestions for bringing him in. Why? Because they knew he was good — they just need to know what he was doing differently. They created the fit — in ways he could never have imagined. Result: Allan’s got the inside track to five big-time keynotes in the first quarter alone. Apparently the tough economy is not slowing everybody down…

Bottom line: your advocates know you are talented — but that’s not enough. They need to know what you are up to NOW. And it better be different. So do you have enough “yeses?” My Turbocharged Business Model Toolkit has a process to map out your revenue streams for maximum revenue generation. Click here to learn more.

Unique opportunity for health care experts

Tuesday, February 24th, 2009

All those give-aways are gone in medical meetings thanks to the latest Pharma rules. And those rules are clear — no gifts, regardless of minimal value, can be distributed to healthcare personnel. What can a pharmaceutical company do? Give away educational items of course. Key word here: educational. Watch for a flood of anatomical models and CDs at these meetings. Health care experts who apply their expertise with interactive products are going to have a field day. Anything less than $100 is fair game.

Luxury incentives are gone

Thursday, February 19th, 2009

The MeetingsNet magazine study released last month stated the obvious: those pure “incentive” events of luxury without education are gone for now. But fear not. While high-fee speakers were jettisoned with the champagne and caviar, there are opportunities in the details for experts with hard-core educational material. According to the study, over a third of the canceled junkets became educational conferences. Because of cutbacks in training, they will have to use outsiders for at least some of the content. Consultants and coaches with established relationships, along with outside trainers, have the inside track here.

Another key finding from this survey: 43% of incentive buyers are “uncertain” about cancelations. this wait-and-see attitude is just that — not gloom and doom, but not a bed of roses either. Experts with eggs in a variety of revenue baskets will be just fine in this roller coaster market. Do you have enough revenue streams for a variety of yeses? My newest creation My TurboCharged Business Model Toolkit has a process to determine the best revenue streams for you and how they can cross-promote with each other. Check it out!

Sponsorship spending for 2009

Tuesday, February 17th, 2009

Talk about a high-class problem: sponsorship giant IEG is bemoaning the smallest growth rate in 2009 spending in twenty years. Yep, you heard right: in this land of many cuts, sponsorship spending (third parties who pay speaker and promo fees to experts) is growing by over two percent this year. Total spending slated for this year: almost $17B.

The news gets better. The money is moving away from big-league sports, where sponsors are not skittish about big-ticket deals. Result: venues such as association markets (a 4.4% increase) and cause sponsorship (a 3.1% increase) are getting a slightly bigger share of the pie. This is good news for experts and speakers who have great brands with targeted demographics.

Pay to play, the next generation

Thursday, February 12th, 2009

Well, now I’ve heard everything. Direct Marketers Association (DMA) has instituted a RFP processing fee to accept speaking proposals for their October meeting. That’s right, even if you are not selected, you will be charged from $59 for members to $199 for non-members. The price for free speech has now gone into the “pay to play” category.

Who will still jump at the offer? Consultants whose interactive approach to speaking will generate leads that turn into six-figure accounts. They are out there. I know more than one expert making seven figures from speaking for free to “target rich” environments. This dynamic will force the free experts to reconsider the feasibility of their strategy. That’s why I created SHARETHIS.addEntry({ title: "Pay to play, the next generation", url: "http://blog.sullivanspeakeronline.com/2009/02/12/pay-to-play-the-next-generation/" });

When your brilliance and the market collides

Tuesday, February 10th, 2009

Magic happens when insightful thinking is applied to real-world challenges. A great example from the client files: popular speaker and executive coach Suzanne Bates of Bates Communications. A former award-winning TV news anchor, she could have applied her high-profile perspective in a variety of ways. My advice: big dawgs have the right to advise other big dawgs. We applied her insights on credibility to strong market trends on employee engagement and execution. The result: not one, but two well-received (and strong selling) books Speak Like a CEO and the newest from McGraw-Hill, Motivate Like a CEO. Both are spreading like a viral wildfire, which probably explains why big-gun publisher McGraw-Hill is willing to back her for the second time.

Moral of the story: It’s not enough to have a high-profile. The days of talking-head speakers are gone. You have to apply your past life into something high-fee buyers already want. Be a conduit for a higher purpose, and watch the opportunities roll in. Good job, Suzanne!

Good news for mass market experts

Thursday, February 5th, 2009

Last month, I talked about good news for business experts. Now let’s turn to experts for broad appeal topics such as love, health, and money. Watch for more opportunities for these folks who are willing to change their business models. Why? We consumers are moving away from cool stuff that makes us look good. And thanks to the Internet, anyone can get free information. What’s hot now and in the next few years: cool experiences that make us feel good. That means wellness retreats, food and wine junkets, photography tours, and fantasy camps such as baseball and rock and roll. Experts who are willing to move from disseminating information to creating an experience will find that 2009 wasn’t so bad after all.

There are times when the market demands that we pick a new game to play. That time is now, which is why we need to step back and re-examine how we play in the market. I’m going to cuss and discuss when to make the move next Tuesday on the Here’s the Deal call on business models. Click here if you want to join the fun.

Branding and your business model

Tuesday, February 3rd, 2009

Just finished up a fabulous project for a client who faced a common dilemma: her brand didn’t fit her business model. How’d that happen? She went to a so-called “branding expert” who described her uniqueness with language her target market wouldn’t buy. Yes, it was accurate — and clever. But the positioning also limited her business model to a market hit with double-digit spending cuts in 2009 (and probably 2010). Thank God she had the good sense to not implement this potential train wreck.

Moral of the story: accuracy is not a strategy. A profitable brand applies your passion to your target market in order to implement your business model. If your brand doesn’t generate interest in what you are offering, what’s the point?!? You better believe I’m gonna rant about this and more at the upcoming Here’s the Deal call on business models next Tuesday, February 10th. Click here for more details.