Brennan Dunn – Mastering Project Roadmaps
Most freelancers and agencies have it all wrong.
When they get a new lead, their entire focus is on selling them on hiring them for their project. They often spend hours in meetings, learning about the client’s project, and countering every single objection the client has to working with them.
Then they spend even more time putting together the perfect proposal. They stress out over the price and scope of the project – if it’s too low, they could end up losing money, or worse, end up with an angry client who spent more than they budgeted. And if the price is too high, they come off too greedy, losing the project or barely making a profit.
After pouring countless amounts of effort into perfecting their proposal, they send it off… and then the fear sets in.
“It’s been a few days, why I haven’t I heard back from them?”
“Did I screw something up?”
“Have I lost a great opportunity?”
They’ve already invested hours of time into a relationship with no promises and no guarantees.
And, unfortunately, this is par for the course. Every potential project goes through the same cycle of getting a lead, spending a lot of time trying to sell them, and then spending even more time writing a proposal.
This is time that could be spent billing a client or working on their business, but instead, it’s spent gambling.
Here’s why it’s so hard to close client projects…
When you get a new project lead, you’re talking to someone who doesn’t trust you yet. They’ve never worked with you, and have no idea whether you can actually help them with their project.
You’re asking them to spend thousands, tens of thousands, or hundreds of thousands of dollars on you – when they barely even know you.
I can do this, I just need you to sign on the dotted line and send me a big, fat deposit check.
From the client’s perspective, you’re asking them to risk a lot on you.
First, they’re risking their budget. You’re asking them to spend tons of money on someone they have no track record with. (You know how it’s so much easier to sell to an existing client? It’s because you’ve already proved yourself to them.)
Second, they’re risking their time. If you screw up their project, they’re not only missing out on the money they spent on you, but they’ve also wasted days, weeks, or even months – time they could have spent moving their business forward...
The hardest thing to do is to ask somebody who’s never paid you to pay you $1.
And the more you’re asking for, the harder it becomes to close the deal.
But you don’t want to undervalue yourself. You don’t want to win more projects because you’re the cheapest; you want to win more projects because you’re the best.
You also don’t want to spend countless hours of unbilled time estimating and learning about projects, only to lose them and have to gamble on the next project.
Here’s the good news: you don’t have to.
What if you could get paid for the discovery and estimating work you’re already doing now?
Right now, you’re already doing a lot of work to learn about your clients and their projects.
You’re also taking time to think through their requirements and put together an estimate. (And, because you’re not getting paid, you’re probably rushing that estimate.)
Road mapping is the key to changing all of this for your business.
So what’s road mapping? It’s a way to charge for a small, fixed-price engagement that delivers a small amount of value to a client while preparing them to invest in a much larger engagement (like redesigning their website or building custom software.)
- Road mapping helps you convert more leads into clients because it’s a smaller, less-risky proposal for your clients.
- Road mapping helps you get paid for all of your time. This helps set the tone with your clients that your time is valuable, and not just the time you spend building or designing their projects.
- Road mapping gives your clients better, more successful projects. When you’re rushing through learning about your clients and estimating their projects because it’s time you’re not billing for, you’re shortchanging your clients.
- Road mapping helps you be a consultant and not just a “doer”. When you sell a Roadmapping engagement to a client, you’re selling your expertise. This helps position yourself as an advisor and not just an outsourced, expendable resource.
Since I released Double Your Freelancing Rate over 4 years ago and described why Roadmapping is the single best way to convert more leads into clients, I’ve had hundreds of students follow up asking for more details, more advice, and more examples of Roadmapping in practice:
“How do I convince somebody who came with me for a project to pay for Roadmapping instead?”
“What do I charge for road mapping?”
“How do I come up with what I actually offer in my Roadmapping sessions?”
“What’s the best way to sell somebody on a big project after we wrap up Roadmapping?”
After receiving so many questions about a subject that was such a new idea for so many, I realized that I needed to go deeper into the subject.
Get Mastering Project Roadmaps or the other courses from the same one of these categories: Brennan Dunn, Freelancers, Mastering, Business, Trading, Course for free on Cloud Download.
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