Merchandising Your Professional Service Practice

August 19, 2009 by Mary Wynne-Wynter · Comments Off 

I read Creating You & Company in 1999 when I was planning to leave my last real job and start my professional service firm as a solopreneur. Picture 38

It was a great influence because it validated my sense that “having a job” was a worn out concept, signally that huge, disruptive shifts would take place in the world of work. It also supported my business model idea which was to offer services as products, which I call programs.

Recently, its occurred to me that professional service “products” need merchandising just like any other product. I know quite a bit about merchandising because I work part-time doing garden center merchandising as the liaison between the grower and the big-box stores.

Three fundamental merchandising concepts in garden center merchandising can be effectively applied to professional services:

Display – One of the first things I do when I take on a new store is to scan what product is out front in the main aisles and benches, and to look at what product is in the lot and in the back of the carts. Typically, there’s old stale product where people are shopping and fresh new product languishing where nobody can see it. Are you displaying your best solutions, ideas and content where your clients are are looking and shopping?

Consolidation – In the garden centers, I’m continually maximizing shelf space while at the same time grouping products for maximum appeal. The more I do it, the greater the capacity I develop for quickly scoping out very large areas, visualizing the end result, and figuring out the most efficient way to get that result. What are your opportunities to continually consolidate and group together your solutions, ideas and content so they “pop” when your clients are looking and shopping?

Culling – I’m surprised how difficult it is for people to get rid of product that’s no good. I think its mainly because they can’t make culling decisions by putting themselves in the customers’ shoes and asking themselves: “will I buy this?” Its a no excuses point of view. Prolific author Stephen King is a great culler and strongly advises that aspiring writers pay strict attention to culling:

..kill your darlings, kill your darlings, even when it breaks your egocentric little scribbler’s heart, kill your darlings. – Stephen King

Are you hanging on to boring or outdated solutions, ideas and content that are spoiling the overall appeal, and are holding back the growth and momentum of your professional service practice?

If these fundamental merchandising concepts make sense, and the questions hold some truth for you, this may be a good time to put aside the latest and greatest tools and technologies and merchandise your professional services. Inspiration is always available at your local garden center. If you need a good system, I love WordPress.

Filed under: Professional Services, content-marketing, creative habit, design, disruption, going solo, innovation, job shift, self-expression, self-management, simplicity, solo psf, writing
Tagged: ,

Solo PSF Business Models – Pt 2

April 8, 2009 by Mary Wynne-Wynter · Comments Off 

In Pt 1: Evaluating solo professional service business models, I pointed out the importance of building content assets. I included this old slide that is somewhat outdated but I think still highly relevant.

A few readers asked: what do you mean by build system (or process) assets?

Going Solo Presentation - Babson:2005 - Mary Wynne-Wynter

Going Solo Presentation - Babson:2005 - Mary Wynne-Wynter

The systems I refer to are unique to the solo professional who may also license or own systems such as financial planning or CAD. You might take your unique systems and process for granted, until or unless you’re expected to deliver equivalent value differently.

The tools you use may be widely available, simple, open source or even free. But how you use, integrate and continually refine and upgrade them to service, support and (hopefully) delight your clients is valuable asset.

For example, I integrate wiki’s, social media tools, tagging and rss feeds as an integral shared learning system between me and my clients. Anyone “could” do it, but I’m the one who does it. Simple does not necessarily mean “easy to copy”.

The solo business model you choose may preclude your building system assets. That may work out great for you as long as you’re aware of, and take the time to evaluate, the pros and cons of the model you choose.

Filed under: Content, Creativity, Natural influence, career, differentiation, global microbrand, going solo, job shift, self-awareness, solo psf
Tagged: , ,

Solo PSF Business Models – Pt 1

April 8, 2009 by Mary Wynne-Wynter · Comments Off 

I was recently talking to a friend, a marketing professional, who was leaving her job to go out on her own. When I asked her if she wanted ongoing contract work, specific projects or to design her own program(s), she said it really didn’t matter to her.

That conversation reminded me of a workshop I gave at Babson 4 years ago about Solo Professional Services. I dug up what I considered the key slide, and the one that caused the most confusion. The audience didn’t understand the evaluation criteria: “building assets”.

Going Solo Presentation - Babson:2005 - Mary Wynne-Wynter

Going Solo Presentation - Babson:2005 - Mary Wynne-Wynter

The presentation is somewhat outdated, but I think that confusion about building assets still exists. A model based on branded content ownership and control is not the recommended model for everyone. But as de-jobbing accelerates and independent professional service providers fill the gap, its more important than ever to fully evaluate and understand the short and long-term implications of the model you choose to provide your services.

Related Post: Solo PSF Business Models – Pt 2

Filed under: Content, Creativity, career, global microbrand, going solo, job shift, solo psf
Tagged: , ,