Consultant Marketing Pillow Talk

If you’re lucky.

Not everyone has a partner outside the business they can talk to candidly about how it is going. For the majority of consultants who are solopreneurs the only chance they have is when they are comfortably esconced in bed with that special person. If married the mate can be the sounding board. In a long term relationship you can share with the one you’re with.

Triumphs and tragedies

The need to share the triumphs and the tragedies can grab hold of you at any time. The desire to take someone else along on the journey can be overwhelming.  We don’t want to be alone.  Our egos are always looking for praise. That causes problems.

Hitches, glitches and snags

  1. The loner brain dump       This occurs when an expert consultant happens to be a solo in her/his practice, home life and social life.  The need to vent or share a victory builds up until without warning the brain dump begins. It can ruin a date or dinner with friends or a special occasion like a wedding. If the one unloading their latest client experience is lucky they will be considered merely offensive.
  2. The honey pot         If you are into spy fiction or reality this one is obvious. In order to perform industrial espionage a person of the consultant’s sexual partner preference is introduced. They practice their sexual wiles on the unwitting counselor becoming the willing listener to all the woes, trials tribulations and triumphs in order to get the secret to the client’s success. It ain’t pretty but it has been working for eons. The more solo the consultant the more effective this approach can be.
  3. The one for the road         Our ill-fated expert advisor puts a real hitch into his or her git-a-long by agreeing to just one more drink before heading off to a well-deserved rest. After that conviviality she or he “opens up” and the next thing you know a trademarked process is drawn and annotated on the closest napkin. It happens. And the worst part is our guide may not recall blurting out the methodology or special ingredient or whatever secret should have remained so.
  4. Another Client’s shoulder           This is possibly the worst. The need to share engages when our erstwhile expert is engaged with another client. It doesn’t matter whether the information being shared is positive, negative, secret or common knowledge. The problem is the effect on the client receiving the remarks. How would you feel about someone sharing private information with you? Would you be concerned about what you have provided the consultant in confidence?
  5. Ego boosting events         These can take on many guises. The common denominator is the combination of public attention and a bit of ego massage. For instance, the interviewer in a pod cast asks how you accomplished a turnaround for a client or what process was used to save multiple clients. You overlook confidentiality because it feels good. It feels good when a reporter seem intrigued by your answer so you add more details. A national outlet calls you to get confirmation for a story they are working on but you go further than a yes or no in your answer.  You see the public aspect as good advertising and your ego appreciates being preened so you stick around to get groomed a little more.

Forewarned is forearmed

Some of us are inherently close mouthed, have solid ethics and just cannot comprehend behaving in such a way. But not all of us. That’s why the Institute of Management Consultants (IMC) has a 15 point code of ethics.

This discussion deals with item 5.0 which is:

I will treat appropriately all confidential client information that is not public knowledge, take reasonable steps to prevent it from access by unauthorized people, and will not take advantage of proprietary or privileged information, either for use by myself, the client’s firm, or another client, without the client’s permission.

Notice that it provides you with a way to be able to share the data with client permission.

Here are some ways you can make that wok to everyone’s advantage:

  • Joint presentation at an industry event.
  • Joint appearance on a panel at a conference
  • Joint interview by a media outlet
  • Publish a case history or success story approved by the client
  • Record a video testimonial from your client and put it on your website
  • Invite your client to lunch with a prospect and allow him/her to present the particulars of the engagement.
  • Make that client’s story an approved part of your next book

Losses count, too.

And don’t forget the losses. Many times those are just as important as the wins. When a client demands a process or procedure or approach you know won’t work based on your experience it is a significantly more powerful argument to try another way if you can cite an example that refutes the prospects preference.

And so it goes.

Jerry Fletcher is a sought-after International Speaker, a beBee ambassador, founder and CEO of Z-axis Marketing, Inc. See Jerry’s new speaker demo reel.

His consulting practice, founded in 1990, is known for on and off-line Trust-based Consultant Marketing advice that builds businesses, brands and lives of joy.

Consulting: https://www.JerryFletcher.com
Speaking:  https://www.NetworkingNinja.com

Consultant Marketing Trust Factor

I’ve been asked to speak on Trust 4 times between now and the end of April.

I’ll be sharing information that has remained timeless along with research findings being updated now.

A Fortune Cookie

I speak on Trust because of a Fortune Cookie. After a successful morning presentation, the promoter and I decided to have lunch at a Chinese restaurant nearby. After the meal they brough us fortune cookies.

My fortune was: “The wise man knows everything, the shrewd one, everyone.”

Michael pushed his glasses down his nose. Looked over them and said, “That’s good as far as it goes.”

I’ve never forgotten his next words:

“What you know is important, who you know can make a difference…but the single most important thing in building a business is who trusts you.”

Who do you trust?

Like many business owners you immediately think of your professional advisors:

  • Accountant
  • Attorney
  • Bookkeeper

Like Michael said, “That’s good as far as it goes.” But like so many things it shows that we are oriented to who we trust rather than who trusts us. It’s natural. It’s human. But it is not the foundation of your business.

Who trusts you?

Over the years, I’ve found that there are four folks that must trust you in order for you to be successful. Here they are in order of importance in the New Normal.

  1. Yourself. Second guessing yourself all the time will get you nowhere. Listening to that little voice that whispers doubt in your ear will keep you from getting things done. Trust yourself to figure things out. Trust yourself to make a plan. Trust yourself to take action.
  2. Your Team. If you’re a manager that means both the management team you are a part of and your direct reports. Not a manager? It is the group of folks you work with all the time which may or may not be designated as a team. Your team includes all the folks that get credit when the job is done, the objective reached, or the product is delivered.
  3. Your Company.  Own it? Trust is essential. Just a hired hand? Trust improves outcomes. Trust lowers your stress and makes you more productive. (Stay tuned for hard numbers)
  4. Your Customer. No business can succeed without customer trust. That is true whether the business is a product, a service or a combination of the two. Customers will go the extra mile for you event to the point of not purchasing a competitive product to wait for yours with the same capabilities. 

In today’s world of social media positive comments can maintain a reputation over time. Customer trust can give a company momentum like never before. Public reviews can turn an unknown organization into a rising star overnight.

Business Trust Statistics

85% of Americans are likely to stick with a business during a brand crisis if it has a history of being transparent.

67% Agree, “A good reputation may get me to try a product, but unless I come to trust the company behind the product, I will stop buying it.”

64% of consumers globally are belief driven buyers. This means they are willing to buy or boycott a brand because of its position on social or political issues.

The bottom line.

I was fortunate enough to meet Tony Simons of Cornell University just as his book, The Integrity Dividend was being published. In it he describes how he conducted interviews with the staff at 76 different locations of a hotel chain. Tony had the staff rate managers on six different trust factors. He found that where managers were rated highest the increase in revenue was $250,000 a year. 

The oxytocin kicker.

Paul Zak, Neuroscientist, is the author of Trust Factor: The Science of Creating High-Performance Companies. He identified these eight key management behaviors that stimulate Oxytocin production and generate Trust:

  1. Recognize Excellence
  2. Induce “challenge stress” to intensify focus and strengthen social connections
  3. Give people discretion in how they do their work. After they are trained, allow them to execute projects in their own way.
  4. Enable job crafting (choice of projects by the employee)
  5. Share information broadly (corporate goals, strategies and tactics)
  6. Intentionally build relationships (for everyone involved)
  7. Facilitate whole person growth
  8. Show vulnerability (asking for help is the sign of a secure leader)

High trust versus low trust

Here’s what Zak and his researchers found:

Work performance High=106% more energy 76% more engaged 50% more productive

Loyalty High= 50% more will stay a year, 88% more recommend as a place to work

Job Satisfaction High= 60% more enjoyed job, 70% more were aligned with the company purpose 40% less burnout reported

Overall, high trust companies have employees that are more productive and innovative.

And so it goes.

Jerry Fletcher is a sought-after International Speaker, a beBee ambassador, founder and CEO of Z-axis Marketing, Inc. See Jerry’s new speaker demo reel.

His consulting practice, founded in 1990, is known for on and off-line Trust-based Consultant Marketing advice that builds businesses, brands and lives of joy.

Consulting: https://www.JerryFletcher.com
Speaking:  https://www.NetworkingNinja.com