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by Andrew Lam-Po-Tang
I have received a number of requests lately from Observations readers to provide some more information on how a studio can go about generating new business.
The most important thing to understand in selling professional services (of which design services are a subset) is that you should not assume that a prospective client will fully understand how the design studio can add value to the client's business. If you enter into the busdev process fully expecting to have to work closely with the client using words and numbers to scope the project and its justification, you are much more likely to succeed than if you walk in expecting the client to know everything they need to know about maximising their investment in design.
One way to think about business development is to break down into the main tasks or objectives:
Business Development Process
- Find prospects
- Determine what the prospects might be interested in from you
- Set up a relationship-opening discussion with the prospect
- Find out what the prospect is REALLY worried about
- Present the studio's value proposition and positioning
- In your own words, play back to the prospect what their design issues are
- Then go on to suggest ways how you might work with them to solve these issue
- And also suggest what the business outcomes/results might be
- If the prospect takes the bait, negotiate a contract
Since many existing articles on this site touch upon the above steps, I thought I should simply list those articles as they relate to each step:
Determine what the prospects might be interested in:
Studio value proposition and positioning
The prospect's design issues:
Ways in which you can work with them (also, why you rather than the competition):
Suggest what the business outcomes/results might be:
Negotiate contract:
Right, the above list pretty much leaves us with one main query which is, "how do I find prospects and set up a first discussion?"
Some ideas for you to play with:
A. Do a survey of potental clients to understand their design-related issues. Offer as an incentive a sanitised report comparing them to other corporations - this is also a fantastic excuse for a 2nd meeting. The beauty of this approach is that it enables you to clearly and unambiguously say, "I am not here to sell you anything", which is one big reason why people refuse cold calls. You can use your personal network, as well as other sources, to identify who is the right person to either get an entree into the corporation, or who may be exactly the right person to talk to.
B. Do an external review of a prospect's design work, assess it in comparison to their publicly stated strategy (from site or annual report or press clippings) and offer to set up a no-strings-attached discussion of your assessment.
C. Using the principles I outline in the "Clients or Projects" article, go through the stock exchange listing of companies and pick out the ones that fall into your chosen approach, then use techniques A or B.
Good Luck!
| Feedback by Cameron McPherson | Wednesday, 4 December 2002 |
"Andrew,
Having worked in a business development role for a global design agency
Citigate Lloyd Northover I understand the level of work involved in pitching
for new business. For quite some time I have been scouring the internet for
literature to enhance my grasp of the techniques for selling design. Never
have I come across such a comprehensive, yet succinct blue print. If you
have further material available, could you please recommend where I could
find this!"
ALPT reply: Glad you found the material succinct and useful. The
value I am trying to add here is brevity and stripping away the hype and
fluff that is typically found in this type of material. Since what I write
is in reaction to the material typically found, I can't actually recommend
additional sources that would be as brief. The biggest "trick" of all in
sales and marketing is to be extremely disciplined and just get in there and
do it! Read up a bit first, get a plan into place, and then execute,
execute, execute. Then tweak your plan some more.
Good luck to all of you with sales and marketing responsibilities.
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