Archive for the ‘Speaking’ Category

Latest Data For Meetings Industry

Tuesday, August 31st, 2010

What I like best about Meeting Professionals International’s (MPI’s) bi-monthly economic report:  the findings are based on the latest data.  And so far, no surprises:  39% say attendance is bigger than last year.  That’s significant — only 10% saw an uptick last April.  The interesting news:  that increased attendance will not result in higher budgets.  Buyers are only going to pay for what they gotta have.

What else to watch out for:  short lead times for more meetings.  Negotiations will continue to run rampant in 2011 and possibly beyond.  My recommendation:  get your fee strategy that you can live with in place now.

Who Gets Top Speaker Fees

Thursday, August 26th, 2010

I get a lot of questions about what to charge for a speech.  Answer:  compare your fees to similar speakers and decide to reduce the fee (for more volume) or raise the fee (and give more value).  Now it is easier than ever before to find out what your colleagues are charging.  Look no further than to speaker wiki, who decided to put fee info by speaker’s photo.  Searching is quite easy, thanks to grouping the speakers into categories.  A few observations:

  • Professional athletes are now more in line with their business counterparts.  High-profile celebrities are getting around $25,000.
  • Celebrities in low-fee markets (such as education) still ask for top fees (above $25,000) but probably do that to limit their schedule.
  • Their SpeakerCred criteria have nothing to do with their talent, speaking experience, reviews or relevant message.  My score:  poor.

Keep in mind the source of the information; there’s no way to verify accuracy.  Here’s the link:  http://speakerwiki.org/

Young Leaders On A Global Stage

Tuesday, August 24th, 2010

Many of my profitable colleagues are growing their businesses abroad.  And this article from Booz Allen’s strategy+business is a great example why.  The business elite in the Middle East have embraced the next generation of leaders and have identified three qualities they need to develop:

  • a long-term outlook that builds sustainable organizations for future generations;
  • the willingness to seek new ideas and customize them for the gulf’s environment; and,
  • the awareness that their work is not only building organizations but the gulf region’s prominence on the global stage.

Here’s an idea:  instead of trying to find U.S. leaders who are willing to invest in these qualities, why not go where you are preaching to the choir?  Remember, these young leaders went to school in the U.S. and Europe, so everyone is well aware of global leadership practices.  My thinking:  there’s plenty of opportunity for those experts who are willing to get out of their U.S. comfort zone.  Best next step:  take the long-term approach and figure out how to plant seeds now.

Why Authors Don’t Get Enough Speaking Invites

Thursday, August 19th, 2010

Here’s another deadly mistake experts make when they pitch a speech:  they assume that being an author is enough to get the gig.  I can understand why:  after all, you’ve spent almost a year writing and promoting the dang thing.  It’s time to get out there.

The reality:  a book might get you in the first round of consideration if the overall approach is relevant.  But in the midst of many options, buyers will go for the topic that not only addresses a hot trend or challenge but also hints at a unique approach.  It is the latter — the approach — that gives an expert the inside edge.

Yes, I rant more about this topic via video — here’s the link again.  And if you want my best ideas on how to create that topic, join me for Tuesday’s Extreme Mini Makeover call.  Yes, you have to purchase the entire series — but the price point is low enough that if you get the help you need from just one call, it’s worth the investment.

Killer Speaker RFP’s

Tuesday, August 17th, 2010

What do buyers look at first when you submit an RFP (request for proposal) to speak at their conference?  The topic.  It doesn’t matter if you are the Pope, if your topic doesn’t fit their agenda your proposal goes into the round file.  Immediately.

Yes, this is basic and yet too many speakers don’t make the cut for this reason.  My theory:  we are blinded by what we offer instead of approaching the conference from a blank slate.  The former approach assumes a fit and spins accordingly; the result is a topic buyers roll their eyes at.  The latter doesn’t assume a good fit and compares the criteria in the RFP with other hot trends.  Combining the two.

Yes, I have more thoughts on this subject.  Click here to see my latest video rant.  Want more?  No problem:  the next Extreme Mini Makeover call on Tuesday will explore how to turn your brilliance into a topic that gets picked every time.  Click here to get more info and to register for the series.

What You Give, You Get

Thursday, August 5th, 2010

When I mention “let’s do a social experiment,” my friends and family head for the hills.  So this time I did one on myself.  After ranting about all the pitching at an industry conference, I decided to do something about it:  stop pitching myself.  I figured, “Hey, I can’t gripe when I talk about my services.”

Instead of boycotting the conference, I boycotted the selling.  Instead of charging for my time, I gave away five 30-minute sessions for free.  (With no pitching afterward.)  Two things happened:  first, the gratitude from participants warmed my heart.  Almost every one of them said, “This is brilliant.  What can I do for you?”  It never occurred to me that folks would want to return the favor so quickly.  There’s a different reaction to when you give fully and walk away, versus giving fully with a pitch.  My theory:  it’s hard to fully appreciate what you’ve been given when you dread the pitch that’s coming next.

Second, I learned that when you give fully, the word spreads.  Fast.  I was approached by more people interested in my work than the last four conferences combined.  Why?  Don’t know.  But I think it had something to do with what I gave on the first day.

More News On Incentive Meetings

Monday, August 2nd, 2010

Last week I explored major changes ahead for the incentive industry.  Here’s another study to back that up:  The Incentive Research Foundation’s newest Pulse Survey.  Key finding:  although positive vibes are on the rise, the budgets aren’t.  Reason:  buyers still feel stung by the “extravagant” label.  Therefore, this will continue to be bad news for any speaker in the general motivation market (i.e., the sports figures, those with compelling stories) who don’t have a heavy dose of substance.

Another thing to watch out for:  this study reports that almost half of the respondents believe their involvement in incentives will decline as more procurement departments take over.  Prediction:  buyers for agenda and speakers will move up the food chain.  No one wants to be blamed for a low-fee speaker who bombed.

This Cool Trend is Continuing

Thursday, July 29th, 2010

Another casualty of the economy:  traditional incentive meetings.  Industry insiders agree that a new model is morphing for these multi-day junkets.  Now it’s a smaller party with a bigger purpose.  And that’s good news for experts.

Three ways we can take advantage of the new trends:

  • Instead of pure entertainment, a business portion is being added to the agenda.  Most popular here:  getting feedback from top performers.  Facilitators, this is a perfect fit for you.
  • I predicted this for years, and this trend is going strong:  training is now an important part of the meeting agenda.  More opportunities to interact with Corporate America is a good thing.  Yes, speakers and trainers are a natural fit for skill-building.  Consultants can get in on this act, too.
  • And, finally, charitable activities are on the rise.  This is a great area for CSR (Corporate Social Responsibility) experts — especially those with relationships in Sales and Marketing.

Corporate America’s 2010 Travel Spending Habits

Tuesday, July 27th, 2010

Want to know what’s going on with corporate meeting spending?  Ask the financial execs at the top.  That’s exactly what AmEx did with CFO Research Services.  Their recent survey of nearly 500 senior financial executives of global companies doesn’t look good for us experts.  The stats:  26 percent project an increase in travel spending; 31 percent expect “no change”; while 44 percent plan further cuts.  Maybe I’m just a half-empty sorta girl, but that last number isn’t good for corporate meetings.

The silver lining:  the trend line for outside meetings is more positive.  In 2009, 79 percent of respondents to the survey said their companies were likely to restrict travel to conferences and events; only 35 percent plan to do so this year.  That sounds great until we remember that many associations are going the free speaker route to save money.

Bottom line:  the paid speaking gigs are not in the usual places.  They are in the nooks and crannies.  Get out your flashlight and go find them.

IRS and Sponsorships

Thursday, July 15th, 2010

Just as the dust settles with health care reform and pharma regs, the IRS comes in with a heads up to associations:  your sponsorship dollars may be taxable as unrelated business income.  OK, the tax people didn’t say that directly but look at what they are doing at colleges and universities:  looking into corporate sponsorship relationships.  The IRS is also expanding the use of questionnaires to check out income sources of all non-profits.  Industry insiders are alarmed enough about these developments to warn associations now that they could be next.

Folks, this could be a big deal.  More associations are using sponsors to pay their speakers.  What happens to that money if it comes with a huge hassle factor?

Prediction:  associations will adjust how much they promote sponsors’ products and services.  We’re fine for now, but be ready to change your speech to allay their fears.