Regardless of your niche, consulting is an industry that is built on relationships. Technical consultants are hired for their specialist expertise, ability to solve complex problems, and their understanding of the industry they work in. However, these carefully honed skills are irrelevant if you can’t find clients to work with. Ultimately, this is where business development comes in. In this post, we’ll explore why business development is the lifeblood of technical consultants and provide tips on improving your business development skills.
Why the lifeblood of consulting
There are lots of reasons why business development should be practiced by technical consultants. Firstly, when done right it lets you work on the types of projects that you enjoy. You can build your business around your particular strengths and skillset. Over time this becomes a self fulfilling prophecy where you pursue and win the projects you like and begin to gain a reputation as the go to person for those particular problems.
This leads neatly to the second reason: forming an industry wide reputation. Purposeful business development means more than just pursuing customers. Developing relationships with industry influencers and stakeholders is key. Attending industry-wide events, networking with peers while keeping across trends and news are crucial tasks. Combining these gets you known in your industry, which is important when customers are seeking your skillset.
Ultimately it comes down to having control of your own destiny. Pursuing what you want and making your mark on your industry is nearly impossible if you aren’t practicing purposeful business development.
The following gives some tip on how to get a bit more purposeful with your work winning.
Assess: Understanding your niche
Understanding your niche is one of the most important aspects of business development. As a consultant, knowing what industry you work in, what services you provide and to whom is everything. This seems obvious, but many consultants make the mistake of trying to be everything to everyone. This approach works in the short term, but over the long term, leads to burnout and a lack of focus.
Assessing your niche starts by asking some questions. What are your core competencies? Where does your experience lie? Which clients do you want to work with? Who else plays in this space? Once you have a good understanding of your niche, you can start to develop a focused business development strategy.
Aim: Where can you help the most
Having assessed your niche, you need to determine what projects you can help your customers with the most. This requires a deep understanding of the issues your customers’ face. Articulating how you can help them and what value you bring to the table should become second nature.
At the same time, you need to consider where your reputation lies or what you want to be known for. Are you an expert in a particular area? Do you have experience working with a specific type of customer? By focusing on your strengths, you can build a reputation as an expert in your field, which, in turn will make it easier to attract new clients.
Once you know the types of projects and the reputation you want to foster you can plan which customers and industry stakeholders you should be meeting. This information will form the core of your business development plan.
Action: Use meetings to explore customer needs
Finally, it’s time to take action. Using face to face meetings to explore your customer needs is where you can add real value. Having a proper conversation lets you understand your customers’ needs more deeply. Two-way discussion of issues may give them solutions that they may not have considered.
Additionally face to face conversations helps build rapport and trust creating the beginnings of a long-term business relationship.
Final thoughts
I hope you’ll agree, business development is the lifeblood of technical consultants. It enables you to find new clients, build relationships, and grow your business. By assessing your niche, aiming your efforts, and taking action to explore your customers’ needs, you can develop a successful business development strategy that will help you thrive as a consultant.
If you’re a technical consultant, what are you waiting for? Make your first business development move today!
Technical consultants
If you want to upskill your work winning check out my flagship course Business Development Academy. Set over 4 modules and 10 videos this course leads you through the business development process step by step. Giving you the skills, system and processes to be more purposeful in the market place. To learn more click the button below.
Meet your customers.
Are looking to begin your Business Development journey but are not quite sure where to start? Download my quick start guide to business development. This gives a series of simple activities to quickly set you on the right path.
For a definition of business development you can check out my take in this post here.
If you are getting value out of my weekly free content I’d ask that you consider buying my new book. It’s a simple yet comprehensive framework to base your business development activity around and full of practical application to get you started now. It is available to order on Amazon now.