🐤 🐤 There’s a technique I used throughout my consulting career that helped me kill two birds with one stone:
It gave me fresh, juicy insights about my market AND helped me build me a solid sales pipeline. 𝗦𝘁𝗲𝗮𝗹 𝗶𝘁 👇
Everyone knows you need to speak with your audience to learn about their changing needs. Doing so can help you create better solutions that set you apart from everyone else in your space.
⚠️ But here’s the problem:
Market research can be time-consuming and boring. You have clients to serve and new prospects to win over. How can you possibly find the time and motivation do research? Worse still, how do you get people to agree to speak with you? 🗣️
I get it, it’s hard. So here’s what I did and what worked for me. Consider it and do it if it makes sense for your situation.
I call this technique, “𝗧𝗵𝗲 𝗔𝘂𝗱𝗶𝗲𝗻𝗰𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗙𝘂𝗻𝗻𝗲𝗹 (𝗔𝗥𝗙)”. It’s designed to gather new market insights and build a pipeline for your business.
Here’s how it works:
Reach out to your past clients, past prospects you haven’t talked to in a while and new potential clients and say you’re putting together a short survey with industry leaders on how the market is changing. 𝗦𝗮𝘆 𝘆𝗼𝘂’𝗹𝗹 𝘀𝗵𝗮𝗿𝗲 𝗮 𝘀𝘂𝗺𝗺𝗮𝗿𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗮𝗴𝗴𝗿𝗲𝗴𝗮𝘁𝗲 𝗿𝗲𝘀𝘂𝗹𝘁𝘀 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲𝗺 𝗼𝗻𝗰𝗲 𝘆𝗼𝘂’𝗿𝗲 𝗱𝗼𝗻𝗲 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝘀𝘂𝗿𝘃𝗲𝘆. This part is key because executive decision-makers want to know what their peers think about the market and trends.
Ask to schedule a short call (10-15 mins) so you can talk through a few questions.
Once you have them on the call, ask them the following questions:
❓What’s the #1 problem or inefficiency the market/industry faces today?
❓How is it impacting organizations today?
❓How will it impact future performance?
❓What do you think must be done to fix it?
❓Which organizations are doing it right?
I started doing this purely as research but realized that once I got people talking about challenges and future performance, some would be interested in hearing how I can fix these problems for them. That’s one way I grew my pipeline. 🔥
That’s all there is to it. You can do this today. Reach out to 10 people and make the ask. If you’d like scripts on how to make the ask, let me know in the comments and I’ll send them to you. 📕✍️
Ready to add $100k-$500k revenue to your consulting business in 12 months or less without burning out? Schedule a call and let me show you how.
Image credit: openai Dall-e