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Old 08-19-2010
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Default Blew It w/First Prospect Call
Hey all - Just looking for some feedback for next time because this time I blew it.

I know that the person who asks all the questions controls the conversation but I fell back into old habits and I let him take control. First mistake.

Then, because he had control of the conversation he asked - "How much do you charge?" I should have responded with a question for him. Something like, "Well before I answer that question tell me - how much time do you spend on things you hate doing or the things you just told me you'd like to get help with?"

Then after his answer I should have asked - "So, if you got rid of all those things you just mentioned, how much would the time you save be worth to you on an hourly basis?" If he said $100.00 then I would say..."Well I would be saving you $xx.00 (the difference for whatever my rate is for those responsibilities)."

However, I ended up letting him ask the question. My answer was a rather clumsey..."Well, it's difficult for me to give an exact quote until I know more. I usually like to get a better idea of where people's needs are and I develop custom packages - but it's usually based on a rate between $xx.00 and $xx.00, depending on complexity...yada, yada.) Thing he focused in on was the hourly and his comment was..."Gee - that's significantly higher than what I've found other VA's charge (btw...I'm well within industry norms). However, I started defending my rates after the awkward pause that he, no doubt strategically planted, and I told him - "Well, actually my rates are right in the range of what is considered average for our industry...etc." Oh...I knew I totally blew it right then.

Good thing is that I knew he wasn't for me from the get go because he stood me up yesterday, without so much as an apology...but for that next prospect that I do want as a client - I'd like to handle that question just a bit better...a lot of a bit better - and would really appreciate any feedback.
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Old 08-19-2010
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Default Re: Blew It w/First Prospect Call
Pam - Pulllleeease do not let this experience worry you one bit. The guy's not worth your time, and it's the angels keeping you from a bad move. The big challenge for VAs is to locate the market that thinks our price is perfectly reasonable. The market that is interested in a whole lot more than how much you're charging. You want people who are passionate about the right things; who understand that their VA is an investment, not a cost. Don't even waste your time on anyone else.

There are plenty of appreciate people who will treat you well. Do not settle for less.
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Old 08-19-2010
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Default Re: Blew It w/First Prospect Call
Mary - Thank you so much! You are absolutely right. He's not worth my time. Funny - I follow a person who, for the most part, really is a mentor and coach to the network marketing world - HOWEVER, she has so many philosophies that can be totally tweaked for the service professionals world. Her name is Dani Johnson! She uses the phrase "nexxxttt!?" Another one of my mentors says - "Shuck um" He's from the south and is relating it to shucking oysters. Anyway - Dani Johnson teaches how we should not waste our time on anyone who is just fishing, or obviously is concerned about price over value received.

Great take. God and His angels always got my back. I ain't worried one bit. Just need to get a list of possible responses (scripts) in my little toolkit. LOL.
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Old 08-19-2010
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Default Re: Blew It w/First Prospect Call
Yup, the Angels are on your side, Pam. Hey, have you seen Janine's review of The Wealthy Freelancer? I am in the process of putting together a whole new way of pricing my services because of this great book. One takeaway from the book is that you want PCs to look at the "shiny new floor" and not be focused on the hourly rate to get that "shiny new floor" (the result). The reason being is that they most likely are going to compare 'The Rate' to what their salary is (or someone else they know), and it can be a real stumbling block. Another thing that I found fascinating is, for example, if you give a quote of $500 (once you know the full scope of the project - can do a quote range if this is unknown, say $300 - $500 [final quote would be what is agreed upon]) for a project instead of an hourly rate of $100 an hour, PCs look at it differently - they're thinking "Okay, this is going to cost me $xxx.xx for my shiny new floor" instead of worrying about staying within their budget because the price is there right from the ding-dong.

It is more work initially putting together my "fee schedule" with a range from the lower to the higher end for services (web design: $xxx.xx to $xxxx.xx), but in the long run I'll have this fee schedule so that I can at least give them a fee range (and a description of what the "range" encompasses) when they ask that inevitable question: "How much do you charge?" I also plan on giving the option on my site for them to download a pdf of my fee schedule - and grabbing their name and email address in the process for future nurturing objectives.

Hope this rambling made sense and helps a bit.
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Old 08-19-2010
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Default Re: Blew It w/First Prospect Call
Hi Pam,
I know exactly where you're at when you say he controlled the conversation, and it's not a great feeling. It's different down here in New Zealand because VA's are hardly heard of - it's a completely new concept to business owners here. (I don't know whether that's a good thing or a bad thing! lol).

Anyways, my advice is (as the others have said) don't let this one put you off and by the sounds of it you haven't. Great! The other thing that I would try (and I'm not sure if it will work for you... but it's what I'm going to try), is calling people and basically just asking them if I can send them further information on how I can help them. I don't want to get into any detail or rates over the phone - they need to see the benefits first. Therefore, if I can send them an email - that will show them the benefits and direct them to my website. On my site, they will find my rates - but see the benefits first, of course.

I haven't yet tried this... but will be giving it a go next week. But it's just a thought that might help you.

Cheers
Deb
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Old 08-20-2010
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Default Re: Blew It w/First Prospect Call
Hey Jules - Thanks..your rambling made perfect sense. I like the last idea for capture! Sounds like that book is pretty popular among people on VAF...so it will be my next one to check out. I'm finally reading Get Client's Now! Don't know what took me so long!

Deb - Thanks for your input as well. Are you going to be doing a script or something...because it sounds like you'll be cold calling? I'd love to hear back from you on how that goes and what works for you and doesn't. I hope it is a great success! Oh - and just so you know, New Zealand is on my top 3 places to travel to outside of the country! I'm almost an empty nester so sooon...very soooonnn!
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Old 08-20-2010
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Default Re: Blew It w/First Prospect Call
Hi Pam,

As soon as he said, ""Gee - that's significantly higher than what I've found other VA's charge..." well that is your cue that he is not seeing the value in your services.

And you know...then I say, "You are not seeing the value in my services. I'd be happy to direct you to Odesk or Elance where bidding for low rates is permissible."

I've said this before...there is no better way to get your VA-legs than to have something like that happen to you. Trust when I say if it should happen again, you will know what to do and can take back the control.

I had a client nickel me...yes, nickel me for my rates. She quibbled over a nickel. I was so disheartened because I had worked with her before and she was great. But it was 'lets make a deal' and by then I had been burned and had learned how to handle that. She went onto work with someone else, which is fine.

It is truly his loss.

Janine
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Old 08-20-2010
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Default Re: Blew It w/First Prospect Call
I can't even begin to tell you the number of clients that don't see the value. However, I just look at it as a great chance to practice what to say to people. I also realize that if that is their view then they are NOT my target client. Just move on and hope the next one is better.
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Old 08-20-2010
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Default Re: Blew It w/First Prospect Call
I had someone say to me "Well you're rate is significantly higher than the average VA", which yes my rate is on the high end of the average, but I simply replied "The clients I do have appreciate my value and feel they are getting a smokin' deal, and if someone struggles with my hourly rate it's likely someone I wouldn't want to work with anyway."

Being able to take back the conversation and have something to say back to them comes with experience. I'm not sure how many of you out there still have the clients that you initially started with, I found that my first clients have moved on to other things as my business evolved, but the core set of clients I have now I'm enthusiastic to work with and they appreciate me for what I do for them.....

Chalk it up to experience and trust that it's likely you dodged a painful client. Each experience like this makes the next one all that much easier!

Renee
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