Small Business Information

Your Ideal Client - A Key Concept for Solo and Small Business Marketing


"I don't know the key to success, but the key to failure is trying to please everybody."--Bill Cosby

Have you ever had clients that were more trouble than they were worth? Maybe they were always late to pay, or didn't do what they said they'd do. Maybe you just had a personality clash, or they expected more than you were able to offer. Whatever the situation, chances are you had an inkling when you first met that client...a tiny voice that you didn't listen to, that was probably overshadowed by the bigger voice that said, "Hey, it's business; I'll take it!"

Drawing The Line

Learn to say no to those clients, before they start draining your energy! The key to being able to do this is to understand Your Ideal Client. Once you know how to recognize who is ideal and who is not, you can practice turning down business from the latter. If you have trouble saying no, you'll need to learn this critical business skill, and what to do to get rid of problem clients you already have; see the resources at the bottom of this article. If you have a coach, ask them to help you complete the Ideal Client exercise, or to role-play those "saying no" conversations.

How to Discover YOUR Ideal Client

There are many ways to approach the Ideal Client/Customer Profile. You can sit down and imagine the best, most wonderful client you could have--whether that is an abstract entity, a celebrity (what writer wouldn't want Oprah as a customer, for example), or a specific demographic profile. If your customers are more likely to be companies, you could look at your current client list, and pick the company that gives you the most business, the most joy, the least heartburn.

The Ideal Client Profile

Whoever you pick, start a profile matrix with two columns: "My Ideal Client Is:" on the left; "My Ideal Client is Not:", on the right. In the column on the left, list all the characteristics of that type of person or company. Use the questions below as prompts to get you thinking about all the different aspects of each client.

Then, either think of the opposite of all those aspects, or pick the "client from hell" and fill in corresponding traits in the right-hand column. Be really honest with this exercise! If you'd rather only have clients who make over $500,000, put that down! Your clients who don't fit your Ideal characteristics, whether you write them down or not, will eventually know it. May as well get that over with early!

Prompts: Consider these aspects of your Ideal Customer or Client:

-- What career or business are they in?

-- What demographics do they fit? (age, sex, race, religion, income, marital status, etc.)

-- What do they think is important in business? In life?

-- What do they like most about you and your business, products and services?

-- What is the nature of their relationship with you? (transactional, long-time customer, acquaintance, friend, refers others to you, etc.)

-- How do they do business with you? (by phone, in person, on the Web; quick transactions, takes time to negotiate; pays early, on-time, at 30 days; etc.)

-- What personality characteristics do they have?

-- What do you get from them (besides payment)?

Now What?

Compare your current client list to the two columns in The Ideal Client Profile. How many have the characteristics of your Ideal Client? If the answer is "not many," you may need to work on firing some of your clients! Check out some resources below on how to do this.

Next, post your Ideal Client Profile somewhere you will see it often. Every time a new potential client comes along, start looking for those Ideal characteristics...and beware the non-ideal! If that little voice starts to tell you something might be wrong, check in with the non-ideal list--and be ready with some ways to turn away non-ideal clients. Offer them other options--refer them to someone else who is a better fit, and make two people happier!

Ideal Clients--For Life

There are many ways to leverage the work you have just done with the Ideal Client Profile. Here are some ideas:

-- Audit your marketing materials. Do your business cards, brochures, ads and website appeal to your Ideal Client? Are you sending the right message, to the right potential clients? Hone your materials, and start seeing better-qualified potential clients walk in the door.

-- Consider your marketing channels. Based on your Ideal Client profile, where would you expect to find these clients? Is that where your marketing efforts are focused? If not, figure out a way to get in front of them!

-- Review your contracts, policies, terms and conditions. Are they set up to be friendly to your Ideal Clients? Do they give you clear avenues for dealing with non-ideal clients? If not, update them, and you might see non-ideal clients take care of themselves.

Start attracting your Ideal Clients today!

Copyright 2004, Terri Zwierzynski - Accel Innovation, Inc.

_________

Terri Zwierzynski is a coach to small business owners and Solo Entrepreneurs. She is also the CEI (Conductor of Extraordinary Ideas) at Solo-E.com and the author of 136 Ways To Market Your Small Business. Terri is an MBA honors graduate from UNC-Chapel Hill. Terri has been coaching for over 10 years in a variety of settings, including 6 years as a senior-level coach and consultant for a Fortune 500 company. She opened her private coaching practice in 2001. You can reach Terri at http://www.TerriZ.com.

_________

***** Find more articles like this at http://www.Solo-E.com - Keeping Solo Entrepreneurs Juiced in Business and in Life. Our team of Solo Entrepreneurs are comprised of small business experts who support others in finding business success with the flexibility and freedom to have a life, too. Network with other freelancers, self-employed and Solo Entrepreneurs in our forums, enjoy our articles and newsletter, and find other online training opportunities. *****


MORE RESOURCES:

Ask the experts: Small business survival plans
Financial Times, UK - 4 hours ago
By Jonathan Moules Be positive, be distinctive and be brave in the face of a recession, say our experts. “During the last recession, I was running a company ...


Balti bail-out is no comfort food for small business
Telegraph.co.uk, United Kingdom - 9 hours ago
There is also too little water from the fireman’s hose being sprayed in the explicit direction of the small business owners who are being starved of credit. ...


WNCT

BofA's Small Business Lending Woes
BusinessWeek - Oct 10, 2008
by Amy Barrett Bank of America (BAC) has taken a hit on small business lending—and that could mean still tighter credit for entrepreneurs. ...
Analysts: Sooner is better for BofA capital raise Bizjournals.com
Bank of America Corporation Q3 2008 Earnings Call Transcript Seeking Alpha
Bank of America Announces Third Quarter Earnings and Capital ... International Business Times
Wall Street Journal Blogs - DSNews.com
all 861 news articles


Small business owner: 'We haven't lost hope'
Bay News 9, FL - 3 hours ago
But small business owners in Safety Harbor don't seem to think the bill will help them much. "I think the bailout was just for the big guys," said BJ ...


Boston Globe

Candidates Present 401(k) and Small-Business Plans
New York Times, United States - Oct 10, 2008
Campaigning in Ohio, Senator Barack Obama also put forth a proposal to deal with the economic crisis, urging a rescue plan in which the Small Business ...
Obama Proposes Small Business Rescue Plan Washington Post
Obama Unveils Small Business Rescue -- And Boosts SBA Inc.com
Obama proposes small business rescue plan United Press International
Wall Street Journal - New Hampshire Business Review
all 235 news articles


Wall Street Journal

Obama Proposes Small Business Rescue Plan
Washington Post, United States - Oct 10, 2008
He said the $5 billion Small Business Rescue Plan would be similar to one implemented after the terrorist attacks of Sept. 11, 2001, and would be run ...
Video: Obama: 'Taxpayers Shouldn't Pick Up Tab' AssociatedPress
all 909 news articles


SMALL BUSINESS Negros producers transcend boundaries
Inquirer.net, Philippines - 20 hours ago
By Chupsie Medina MANILA, Philippines -- An advocacy that was started by 15 women from Negros in the early 80s has blossomed to become today an outstanding ...


Couldn't be more timely, Small Business Expo set for Thursday
Great Falls Tribune, MT - 17 hours ago
By JO DEE BLACK • Tribune Business Editor • October 11, 2008 What's a small business owner to do in this uncertain economy against a backdrop of tightening ...
Tight race expected in HD20 between Jack Allen, Deb Kottel Great Falls Tribune
all 2 news articles


Small Business Week 2008 ready to Launch
is4profit, UK - 4 hours ago
Following this will be five days of events for small business–owners, presented by experts from businesses, business support organisations and industry and ...


How Small Business Owners Can Cope With the Crisis
BusinessWeek - Oct 10, 2008
Chad Moutray, chief economist at the US Small Business Administration, says small business owners are scared like everyone else. "A lot of them are sitting ...

Small-Business - Google News

home | site map
© 2006