View
 

Guerrilla Marketing for Consultants

Page history last edited by PBworks 3 yrs ago

 

Why Consultants Need Guerrilla Marketing?

 

Please help improve this article and section by  editing it or adding your input  using the "edit page" button above, or starting a new article on the subject in this category.  Get Involved!

 

 

 

  

 

For decades, consulting seemed like a dream job. The promise of challenging, satisfying work and great compensation attracted legions of smart, talented people to the profession. And consulting grew into a global industry.

Business-inundated by successive waves of new technologies, market shifts, and bold ideas--clamored for independent experts who could help them implement complex strategies to keep up with changes and embark on new ventures. The ranks of consultants swelled, and consulting firms racked up record setting profits on high fees. Consulting became a serious business with a focus on making big money.

A more recent sign of the times, however, is apparent in the title of a seminar offered by the Institute of Management Consultants: “Management Consulting Dream Job or Worst Nightmare? Why might consulting be a nightmare?

Maybe it’s because of several developments that have turned the industry on its ear. They include:    

             

  • Sluggish growth rates for many consulting firms, declining fees, the unpredictable economy, and the cyclical nature of consulting.
  • A market saturated with experts and fierce competition, which has led to aggressive selling wars over even the smallest projects.
  • Widespread corporate scandals, consulting firm mergers, practice dissolutions, and trends like outsourcing that have clients scratching their heads about who does what and which consultants are trustworthy    
  • Projects that have failed to live up to consultants’ promises, leaving clients wary of making further investments     
  • New firms that entered the market out of nowhere in search of a fast buck and quickly vaporized.
  • These changes have tarnished the images of all consultants, whether they are individual practitioners or members of larger firms. Consultants are facing nothing less than a crisis in clients’ confidence.

What is a Consultant? A consultant offers professional advice or services for a fee.

Can clients hear you now?

Consultants haven’t altered their methods for marketing their services in response to these events. In fact, their marketing hasn’t changed much in decades except to get slicker and flashier (and more expensive). Although consultants are struggling to get their messages across to clients, they can’t break through the babble that is the hall-mark of modern marketing.

The time is right for consultants to adopt guerrilla marketing techniques. The battle in consulting is no longer just about vying for projects; it is about competing for relationships with those who award those projects. Guerrilla Marketing for consultants focuses on how to win profitable work from a new, more discerning breed of consulting clients.

Guerrilla marketing can overcome the obstacles that many consultants face: clients’ growing cynicism, today’s new buying environment and the feast-or-famine syndrome.

 

 

Michael W. McLaughlin (Mill Valley, CA) has been a partner with Deloitte Consulting since 1994.Coauthor, with Jay Conrad Levinson, of Guerrilla Marketing for Consultants, and a principal with MindShare Consulting LLC. Publisher Management Consulting News and The Guerrilla Consultant. www.MindshareConsulting.com, www.GuerrillaConsulting.com and www.ManagementConsultingNews.com.

 

 

Comments (0)

You don't have permission to comment on this page.