The Magalog’s Untapped Lead Generation Potential for Consultants

Consultants know better than most how important it is to make efficient use of their time. With only so many hours in the day, consultants must divide their time between working with clients, the behind-the-scenes functions of actually running a business, and one of their most important tasks: finding qualified new clients.

All of these tasks – and more – are time consuming. But the successful consultants have processes in place to automate as many tasks as possible. Lead generation is one such task.

Even the most in-demand consultants are constantly marketing themselves. Ideally, clients come to them already predisposed to make a long-term commitment. But often the consultant is going to have to get materials into prospects’ hands that will help make the case for making that commitment.

It’s a multi-step marketing process that plays out over months and even years. The question becomes… How best to convince a prospect that you’re “the one”?

The secret that other industries know that you may not

Recently, one of my clients (a health firm) completed a magalog after spending over a year working on it. Before I go any further with this story, let me assure you that “over a year” is an extreme exception and nowhere close to being the rule. But getting it right trumped getting it done fast. Copy rewrites, getting opinions from marketing experts outside the company, and even changes in company personnel created a process that took longer than expected.

So why all the effort?

Because they knew, if done properly, the magalog was going to provide a big payoff not only in immediate sales, but also with long-term relationships that would lead to more sales.

In other words, all the time and money that went into the magalog was going to give them a much higher return that would make it all worthwhile.

As I mentioned in my expanded magalog primer article, health and financial services/products generate a lot of skepticism. It’s not that people aren’t willing to buy if there’s value… they will! But they take their time to research and find out if the product or service is really beneficial for them.

Successfully meet the customer’s need in these industries and you’re likely to have a customer for a long time.

That’s why a maglaog (or slim jim, or issuelog, or bookalog) is so well-suited to these prospects.

The company has the space to build their case and provide the information that their customers or prospects demand. And in that process, the company also positions itself as an expert in its field.

Being viewed by prospects as an expert among your competition

Now, other industries are beginning to see the value in that benefit. One such industry is consulting.

For all the value and experience they offer, consultants are often viewed as a bit of a luxury. It’s not that clients wouldn’t love to hire one to help increase sales, it’s just not always given the priority it should, especially when times are tough. (Of course, that’s one of the most important times to hire a consultant.)

Then there’s the matter of finding the right consultant. Any one can throw up a basic sales letter website in a day and claim to be an “expert”. Try a Google search on “business consultant” or similar phrase. Not exactly an easy process for the person responsible for finding the best fit yet having no idea where to turn.

That’s where magalogs come in.

The fact that they’re used so widely in other industries should tell you something: When done properly, they generate qualified leads and increase sales.

If you’re a consultant, you know it can take some time to turn a prospect into a client. Part of that process is finding ways to communicate with the prospect on a regular basis. It can’t be a constant hard sell. That drives prospects away.

How to make your magalog work for you

Think about how you filter the marketing material you receive in the mail. If it looks like blatant advertising, it generally gets a lower priority. But something that stands out from the norm attracts attention.

A magazine-styled magalog with cover copy addressing your prospects core needs is going to get far more than a passing glance.

Here’s just a quick list of things you could include in your magalog:

• Advice that the prospect can put into action right now to increase sales.
• Little-known marketing techniques that can give the prospect an edge over his competition.
• Branding success stories and what your prospect can learn from them.
• Advice on hiring the right people and keeping them motivated.
• Tips to save time that actually work.
• Success stories from clients that your prospect can relate to.
• Q&A section addressing common questions about the value of consulting.

Each article helps to establish you as an expert in consulting while at the same time providing immediate benefits to the prospect. When the prospect feels you’re truly interested in helping them before they’re a client, you begin to break down the barriers that make them hesitant to hire you.

And when they do decide it’s time to write the check, who are they going to call? Chances are it’s not the consultant who believes “prospect value” is including a free recipe in their generic, template-based newsletter.

Chances are, you already have a lot of content via articles you’ve written or speeches you’ve given. Now, it’s simply a matter of taking that content and putting it into a format that few, if any, of your competitors are investing in.

A magazine-styled magalog spotlights you as an expert and adds to the perception that you’re one of the top people in your field in a way that a traditional sales letter, newsletter, postcard, or special report doesn’t. Those are all good marketing vehicles, but are they helping you stand out from other consultants who are doing the same thing?

Unlike some industries that mail their magalogs to a large mailing list, you can save money by only printing a small number of magalogs to send to your “A+” prospects and current clients. (We never want to forget providing extra value for existing clients who are an excellent source for referrals.) For prospects that may not be too serious on your radar, e-mail a PDF version if you choose.

Turning a cold-call into a warm-call… or having prospects call you

When you send useful information, clients respond in a positive way and are much more willing to want to know more. You’ve presented a positive image that helps you stand head and shoulders above the competition.

Better than you cold-calling, imagine your prospects calling you to discuss some of the ideas you presented in your magalog.

Even if you’re the one making the call, your magalog in their hands turns a cold-call into a warm-call and gives you a great starting point for a conversation.

Successful consultants know what they’re worth and charge appropriately. But to convince a prospect to write that check, you have to prove your value and find ways to separate yourself from your competitors. (Just like your prospects have to do with their customers.)

Because of their complexity and cost, magalogs aren’t done on a whim. But that’s one reason they increase your professional perception. It shows you’ve reached a certain level and should be taken seriously as an expert in your field.

As you consider ways to market yourself more effectively and show yourself as an expert among your peers, it might be wise to consider what the health and financial industries have already discovered: Magalogs work!