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16 Tips for the Consultant and Service-Oriented Businesses

 

Dr. Alan Weiss is a millionaire consultant who started his business from home and still works from home. Here are some of his tips for starting a consulting business and I think it’s also applicable to any type of businesses.

  1. 1. Base fees on value, not on task.

  2. 2. Never use time as the basis of your value.

  3. 3. Don't stop with what the client wants. Find out what the client needs.

  4. 4. Engage the client in the diagnosis. Don't be prescriptive.

  5. 5. Never voluntarily offer options to reduce fees.

  6. 6. If you're forced to reduce fee, reduce value first.

  7. 7. Ensure that the client is aware of the full range of your services.

  8. 8. If something is not on your playing field, subcontract.

  9. 9. When asked prematurely about fees, reply, "I don't know."

  10. 10. Do not accept troublesome, unpleasant, or suspicious business.

  11. 11. If you are unaware of current market fee ranges, you're undercharging.

  12. 12. Psychologically, higher fees create higher value in the buyer's mind.

  13. 13. Offer incentives for one-time, full payments.

  14. 14. Never accept payment subject to conditions to be met upon completion.

  15. 15. Practice stating and explaining your fees.         

  16. 16. Always be prepared to walk away from business.

 

  Author Credit

Uyi Abraham is the author of the best selling book Blueprint for Success: Live your purpose, become anything you want to be, build a financial Empire. He is  the Chief Executive Leader of Blueprint for Success Company based in Dallas, Texas. A self taught management and marketing guru, regularly consulting with growing businesses, organizations and churches on success strategies. He came to the United States of America few years ago with only $100.00 in his pocket and a big dream. He is the founder and CEO of numerous companies including Abraham House Productions. For more information, please visit: www.BlueprintSuccess.net

 

 

 

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