I know that soon I will wistfully recall these less hectic days, when I have the luxury of focusing on one client at a time, instead of seven, but right now, I miss the drama - and the multi-tasking. The running from one client's meeting to assist at another client's interview to the office and out again.
And having a legitimate excuse why I can't hit the gym after work.
***
So, we're meeting a potential new client on Friday, for a festival which we're perfectly qualified to represent, and I look forward to selling the company's services. Hopefully the fest director can afford us, but this reminds me that new business acquisition is not always about the fee. One retains new clientele for a variety of reasons. For instance, The Silverman Group represents a diverse range of cultural organizations: theater, dance, film, comedy, music, visual arts and assorted non-profit institutions, such as WBEZ FM/NPR and the Chicago Loop Alliance. I have sometimes accepted lower fees for projects in any of those fields of expertise so as to continue utilizing the valuable media contacts we've compiled and to keep us front-of-mind with those contacts. For example, soon after we promoted the opening of the new Spertus Institute of Jewish Studies building - and had initiated some great relationships with architecture and "green" building press - I definitely wanted to take advantage of having established those contacts, and sought to secure other new building projects, which we did. Utilizing existing media contacts made it easier to produce solid coverage for the new clients, and having other relevant clients to "pitch" helped to solidify our relationship with those particular members of the media....which will make it easier to produce solid coverage for the next client!
Other reasons for accepting less-than-acceptable fees might include: the high profile nature of project/personality will add cache to our client list; I have staff who have the necessary expertise, and at the time could afford to be busier; given the familiar nature of the project, we have the ability to produce results with little effort or time; it is personally important to - or would prove especially enjoyable for - someone on staff; and/or perhaps an initial low paying project will lead to further work in the future.
I will let you know how the new business meeting goes and ideally prove to the prospective client that The Silverman Group is worth its weight in, er, gold!
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