Friday, February 4, 2011

The Chicken or Egg Theory of Marketing Professional Services Success

How you market and sell professional services differs substantially from how you market products. We all know this. Generating leads, closing new business, and turning existing clients into advocates completes the circle for most firms.


The question really becomes, “what are you actually selling?” Is it your services or something else? Although your services are “profit centers” they shouldn’t be at the center of what you are selling in today’s economic environment unless you want to be viewed as a commodity.

If you are still selling your services, you need a different outlook, different tactics, and different execution in order to expand your business.

How can I tell that most industry firms are selling services? I simply have to look at their websites. Are services the most prominent piece of information? Take a look at the HOK website and see what they are selling (http://www.hok.com/).

It mentions services, but it has a focus on markets and thought leaders. HOK is actually more of an advisor.


A marketing strategy to attack core markets begins with clients in the market. As an advisor you help the client by knowing what their needs are in the market, their competition and how they measure success. You can’t attack a market without understanding these things. You expand your exposure in the market when your client talks with his peers about your value.

Your value might include the services you provide, but more often than not, your value is measured by your relationship with the client. Can you see the difference? Your services become the icing on the cake when you are not seen as a commodity by your clients.

There has been a lot of talk in the professional services industry about cross-selling of services. Your firm includes a shopping list of services that are never sold entirely to one client. Often, a client might receive a single service. The trend for increasing profits was to sell other services to existing clients. This is not a bad strategy, but it misses the point about losing the “commodity” image. Separately, all of the services are commodities. The advisor brings them together to form a solution.

Yes, you should deliver more than one service to a client. The delivery of the services should be part of the on-going conversation with the client about his business model, growth plans and industry trends. This is the role of the advisor with a market focus.


Now we return to the beginning. The chicken or egg theory to selling professional services. Consider the chicken your role as an advisor and the eggs your specific services. The real change for many professional services firms today is finally seeing themselves as the chicken instead of the eggs. If you need to begin the transition, start with baby steps. Review your website. Help your good professional staff understand markets instead of services. Offer tools for growth and expand the conversations you are having with existing clients. Do these things and you will be amazed at how your firm becomes market focused and expands business with client advocates.

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