High Priced Consulting – Easy Rarely Used 5 Step Plan

Do you want to setup a simple system where your clients are ready to pay you big money for your expertise? What if you discovered how to setup your simple consulting system online and make as much as $500 to $5000 per client? The purpose of this article is to make sure that you setup simple machine that pays you big for your time and efforts. Here are 5 simple steps that will get you started easily with your consulting program.

Step 1 – Setup a value for your time.

Step 2 – Pick up a topic of your expertise.

Step 3 – Plan a step by step training system.

Step 4 – Setup a sales letter for your one-on-one consultation program.

Step 5 – Drive traffic and make big money for your time.

The purpose of this article is to make sure that you make massive amount of cash online, setting up a simple consulting based program. Here are 5 easy steps to get you started step by step.

Step 1 – Setup a value for your time.

The very first step is to make sure that you set a value for your time. How much you want to get paid per hour of your consulting? This will determine the price that you will be charging for your consulting program. It is extremely important that you pickup a topic wherein you are an expert and also your niche has money to pay you big.

Step 2 – Pick up a topic of your expertise.

You have to make sure that you select a topic wherein you are an expert in your niche; this is because you will be live with your client, while he asks you questions. You also have to decide as to what medium you will be using to provide your consulting. Will you do this through online chat, phone, etc; make sure you decide this in advance. Make sure that you setup a step by step training system for your clients that will boost up their value for big time to come.

Step 3 – Plan a step by step training system.

You can setup a physical book and a video training program that you will ship to your coaching clients. Physical products have a high perceived value and this will get you started on the right track step by step. The next important step you need to do is setup a simple web copy to sell your consultation online.

Step 4 – Setup a sales letter for your one-on-one consultation program.

Make sure that you focus on the benefits of your coaching program and what your clients will get out of your consulting. Elaborate their problems and tell them how your consulting will provide a solution. The most important step that you need to do every single day is to boost your sales in website traffic generation.

Step 5 – Drive traffic and make big money for your time.

Get started writing articles in your niche and spread them all around using article directories, this will drive instant and long term traffic to your site.

Naming a Consulting Company

With the economy on the skids, many experienced mid and upper level professionals are striking out on their own, leveraging their expertise to build their own future and control their own destiny. For many of these aspiring entrepreneurs, creating a compelling brand name is new territory, a complete and utter mystery. They know it’s an important part of the equation, and they may have even had a full time marketing department at their previous firm. But now it’s “do-it-yourself-time,” and there’s a dearth of information on how to brand a new consulting company successfully. Fear no more. The first step in branding a consulting company is to know your objectives. Here are four key questions to clarify your goals…

1. Do you want your company name to stand out, or fit in? This may seem like a trick question, but there is not a right or wrong answer. Some new consultants are so concerned with gaining acceptance in their industry, they are much more comfortable with a name that sounds established and credible, right from the outset. If that’s the case, try looking up a list of others in your industry on sites such as dmoz.org. You will then gain a sense of the nomenclature used in your field. You may be able to emulate the feel, much like other industries have done (i.e. Microsoft’s Outlook, Apple’s Safari, Netscape’s Navigator, etc.) If want to gain notice, then do just the opposite. Look at the company names in your field and use interpretive naming strategies. For example, if nearly everyone in your category uses proper names (sometimes known as “legacy” names) then go with a metaphor (i.e. Jaguar, Caterpillar, Amazon, Monster, etc.) to convey your company’s attributes. Or try positive connotation words to create an entirely new identity (i.e. RedHat, OnStar, FireDog, etc.) Just make sure you have a rationale that can explain why you chose that name, and one that leads to a deeper dialog about your company.

2. Have you explored all the possibilities? Frequently, new business owners become frustrated and discouraged when naming their new businesses, simply because they’ve attempted only one or two naming strategies. Many times they’ve created a list of literal/functional names, (i.e. Custom Software Consulting) only to find the domain names are gone. Or they’ve attempted some obvious metaphors (i.e. Summit, Pinnacle, etc.) and found dozens of companies with similar names. The trick is to employ several methods. These include…

* Key attributes — For an example, we named one staffing company BrightHire.com based on their desire to attract the most intelligent candidates. You can see this employed with company names such as SirSpeedy, EconoLodge, Priceline and Smart Cuts. Is there an overarching benefit you provide that you can incorporate into your name?

* Invented names — This is a favorite with consultants but proceed with caution. It’s easy to get caught up in with the chase of a new name and gradual twist the spelling and message until it’s unintelligible. It’s okay to use Latin word parts and obscure references if the name can still be spoken and spelled easily. Small firms have the advantage of conveying part of the brand message in person, over the phone, or at a trade conference. But don’t push it. If you find yourself having to constantly spell or correct the spelling, then it’s a miss. And keep in mind the name can be invented and still carry a sense of meaning. We named one company Claricent, because they were able to provide clear insight and direction to their client base. So you can still convey an attribute, even in an invented name. (i.e Verizon = Horizon, Agilent =Agile, etc.)

* Descriptive Hybrid Names — These names combine an industry descriptor word and marry it with an evocative word. Examples include companies such as Emisstar, consultants in the emissions control industry. Big brand examples include JetBlue and CarMax. If you use this approach, just be sure that your industry descriptor is one that won’t change over time.

* Metaphors — Since the proverbial “picture paints a thousand words”, then metaphors are a great way to convey multiple company attributes with a single image. FourBridges Capital, for example, expresses this investment banking firm’s ability to “bridge the gap” and “connect business with capital,” etc. With four major partners and four major bridges in Chattanooga, TN, the story gains even more traction.

3. Have you prioritized your wants? Starting a new consultancy provides a beautiful blank page upon which to craft your story. Take time to determine what is most important in that story.

* Do you want a name that’s memorable?
* Do you want a name that’s easy to say and spell?
* Are you most concerned with trademark?

* Are you adamant that to have the exact matching.com domain name? Figure out the key driver(s) behind your naming challenge, so that when you come down to a final list, you can look back and pick the one that meets your top criteria. Often the process can get foggy and unfocused after a prolonged search for a name, and all the words start sounding alike. So be sure you know what you want before you begin. That way it will help you when it’s 3 a.m., your eyes start to cross, and your spouse no longer wants to be your sounding board.

4. Are you seeing the big picture? — Create a short list of your favorite names, and then test them out. Make sure you choose people who are either in your potential market, or who understand good branding. Rather than randomly tossing names around, create some context for each name, so that when the name is said, it falls into place. You may even want to invest in some quick logo treatments to help visualize the brand. Many major brand names would ring hallow if only spoken. Judge the whole package… name, rough tagline, sketch of logo, to get the real feel. A consulting name such as BearingPoint gains traction once it has a logo, tag line, and a story line. Decide if you want to fit in or stand out, utilize multiple naming strategies, prioritize your “wants” list, and test your ideas, and you’ll be well on your way to a great consulting company brand name. Once you make your selection, be sure to run it by your trademark attorney and to acquire the matching, or closely matching, com domain name. Continue to integrate your brand message throughout your web site, corporate identity, collateral materials and advertising to further strengthen your presence. If done properly, you will have a company name that serves you well, both now and for years to come.

Timesheets For Management Consultants

Time is money for any business …but particularly for a management consultancy. A consulting firm is a business with mostly fixed costs – you hire a bunch of talented people, and how much profit you make depends on how well you make use of their time on client work. Keep utilization and billability high, and your firm will make excellent profits. Let it slip too low, and your firm starts bleeding cash.

Timesheet software, also known as time tracking or time management software, helps management consulting firms track and bill their time. Since time is, quite literally, money for a consultancy then it is evident that choosing the right timesheet solution is a critical business decision.

With the right timesheet solution, a management consulting firm can dramatically improve its revenue. Effective time management boosts a consultancy’s revenue in several ways, including:

Billing more of the time you spend on client work
Scheduling the right resources on the work
Charging the appropriate rate in all instances
Scoping and pricing its projects better
If you look at the profit and loss (P&L) statement of a typical consulting practice, it quickly becomes apparent that employee costs make up the vast majority of their cost structure. Choosing the right timesheet system enables a consultancy to control its costs by:

Catching scope creep or project management issues early
Reducing the opportunity cost of time spent on unbillable activities
Understanding how its internal practices (e.g. meetings) impact on staff utilization
Reducing the overhead and administration associated with managing time
There are many choices you face in choosing billing and time tracking software for your consultancy, Should it be installed on your servers or hosted by the vendor? Do you need internet or mobile phone access? Should expenses be managed through the same system? Will you invoice through the timesheet system, or do you need it to integrate with your accounting package? And many other such questions…

In deciding on timesheet software you can review all the available solutions yourself, engage a software selection consultancy, or take advantage of new online services that help you compare relevant software for free. Either way, it is important you think carefully about your requirements and invest enough time to make a well-informed decision.

Utilizing a Reporting Consultancy Service to Better Your Business Position

One of the many ways that a person in business can better their prospects is through the use of a reporting consultancy agency. It is one of the best ways to gain a better understanding of your business, your clients and customers and to forecast any upcoming changes or trends in a given business genre. This means that even if there are no obvious problems or deficiencies in your business, you do stand to gain through the use of a reporting business consultancy. In short, it is one of the best ways that any business owner or manager can rest assured that they will be prepared for any future changes or adjustments in today’s business climate.

What Can A Reporting Consultant Do For You

If you have been paying attention to business news lately then you surly are aware that many businesses that have been doing fine for years are now struggling and looking for federal relief funds. Have you by chance paid any attention to the excuses that they are giving? Without exception they all are saying the same thing that auto industry executives are saying and that is that they failed to predict oncoming changing trends in global as well as regional business climates.

Locating a Qualified Reporting Agency

For instance, are you aware how fluctuating monetary exchange rates can have either a positive or negative effect on your particular business genre. What about the price of commodities or precious metals? Also, does the rise or fall of the price of petroleum products have any effect on your business. These are all questions that a qualified reporting agency can assist you in finding answers for. So how do you know if a reporting agency is in fact qualified?To start with, you should ask for references and also ask if they are familiar with the type of business that you are in. Also ask if they will be able to install data management systems that you will be able to operate on your own after they have finished their initial work for you.

Reporting Requirements and Business Fluidity

Like it or not, your consulting, reporting, and technology needs will not be the same in the coming future as they are today. Often though the changes can be too subtle to detect and monitor on a day to day basis. A reporting and technology consulting agency can show you how to put systems in place that can help you to detect and monitor these subtle changes in the business climate that might effect your businesses bottom line in the not too distant future. New technologies mean that these systems are not only far more efficient and effective then they have been in the past but they are also far more affordable as well. The secret in any business is to recognize a problem before it has arrived and is having a negative effect on your profit margin.