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How to Increase Revenue and Profit Margins in Your Knowledge Work Firm by Susan Trivers

Published on Nov 18, 2015

writers, artists, designers, architects, CPAs, JDs, consultants, trainers, coaches, engineers, IT developers, subject matter experts: learn how to increase your revenue

PRESENTATION OUTLINE

How to Increase Revenue and Profit Margins
in Your
Knowledge Work Firm
by Susan Trivers

Knowledge Work includes:

  • Architects, designers, creatives
  • Coaches, consultants, trainers
  • Engineers, IT developers, scientists
  • CPAs, JDs, SMEs
  • Writers, artists, musicians
Photo by seier+seier

There's an elephant in the room:

Stagnant or Falling Revenue

In your knowledge work firm

Why?
-Poor Marketing
-Commodity Offerings
-Charging by the Hour

To Increase Revenue

Eat the elephant one piece at a time
Photo by Alex Barros

1. Do your own marketing

Don't outsource business development
Photo by MyTudut

Why Do Your Own Business Development?

  • Only you know your value completely
  • Only you can tell success stories
  • Only you can create rapport with the economic buyer
  • This is important because...

Economic buyers are the only ones

who can pay you
Photo by Tracy O

2. Know the value your work generates

These are your customer's outcomes

Why you MUST sell outcomes

  • This is how you differentiate your offerings
  • This is what they will pay you for
  • This is what meets their business objectives (ROI)
  • This is what meets their PERSONAL objectives

Personal objectives:
Status
Recognition
Fulfillment

Photo by { pranav }

3. Value-based fees

Never charge by units of time

Why your fees must be value-based

  • The fee is tied to your customer's objectives
  • You deliver the value quickly
  • You're paid for speed and quality, not quantity
  • This is the only WIN-WIN option
  • And...

You free yourself to acquire more business

Which leads to revenue growth

Say goodbye to

the Elephant forever
Photo by jenny downing

Now that you know WHAT to do to grow your revenue
and

Photo by adam_moralee

WHY each step makes a difference

Start Today!

Need implementation assistance?

Speak to Susan Trivers
Photo by FutUndBeidl

Susan Trivers
Helps clients create growth and high profit margins
www.susantrivers.com