Tanking economy. Up-and-down stock market. High and growing unemployment. The end of the world as we know it. Etc, etc, etc. How’s all this affecting your commercial writing business? Perhaps less than you might imagine…
Okay, rest assured, I’m not here to say that all the economic turmoil is just a mirage. It’s not. But I am here to say that you’re in control of how you view it, and in turn, the extent to which you allow it to affect you.
I thought about offering a collection of tips on dealing with your commercial freelancing clients in tough times, but others, like Mike Stelzner are doing a good job of that. Instead, let’s talk about our thinking….
When you watch the news (Mistake #1), do you go into a sort of trance-like state, mumbling to yourself along the lines of,
Okay, that’s called flabby thinking. Understandable, perhaps, but still flabby. Let’s toughen it up a bit. No mind-control hocus-pocus here. Just a few facts. During tough times, will businesses stop marketing, stop communicating with employees (internal communications), stop trying to reach new customers (ads, direct mail case studies), stop building web sites or updating existing ones, and all crawl into holes and wait and hope for things to get better? The very idea is ludicrous. And incidentally, I’m busier than I’ve been in a long time…
Will some businesses cut back on outside resources and perhaps bring projects in-house? Yes. But many can’t because they don’t have the in-house resources to do them.
And if there will be some cutting back, does that mean that bigger companies who’ve been using pricey ad agencies, design/PR firms and marketing companies might be cutting back on them? Yes. At which point, might the idea of hiring a far more economical, but-just-as-if-not-more effective freelance writer/designer team sound much more attractive? You bet it will.
And how much effect does the economy truly have on ONE person’s quest for financial self-sufficiency and freelance success? Given that that ONE person needs to garner only a tiny sliver of the entire universe of possible lucrative commercial writing work out there? Not much.
And don’t forget: there will be a certain chunk of your competition who will buy all the gloom and doom, will blink and run, opting for something they perceive will be more secure, and will leave you with less competition.
Feeling better yet?
If you’ve been around the block a few times, what are your thoughts?
What other tough-thinking strategies can you suggest?
What are you seeing from your clients?
What do you see as the keys to getting through tough times?
Some months back, I got an email from a guy relatively new to the commercial writing field. He’d done a bit of work in one particular niche, liked it and was making a few bucks. He continued with this:
“However, I want to go after the money, in whatever form is most easily gotten in terms of getting the work and getting paid, so I would love your input in where that might be and how to get the work.”?
I always have to smile when I get notes like this. “Short cut hunting,”? I call it. I wrote him back:
“I’m not picking on you here, because a lot of people ask this. But, I’m afraid it just doesn’t work that way. If there were indeed a place where it WAS easy to get work that paid well and fast, in this wired age of ours, do you really imagine it would stay a secret for long? Everyone would be flocking to it, and in short order, rates would drop to nothing. Like any other business, it takes hard work and persistence to make it happen.
“There really aren’t any shortcuts, unless you count experience that you bring from another industry that you can leverage into writing for that industry. In that case, you WILL probably be able to get in the door faster because you have some value you’re bringing to the table. That’s the key: things can be easier when you have an advantage of some sort that others don’t.”?
In a perverse sort of way, I’d like to think this reality check would be of comfort to people considering the business. Knowing that it’s NOT a cakewalk should banish any lingering suspicions that I’m selling snake oil here – promising riches with little effort. After all, we’re big kids. By this point in our lives, how many times have we heard, “If it looks too good to be true, it probably is.”? Knowing that the effort required needs to be substantial lets you know that the rewards are real. And they are. Not just financially (you can make money in any decent J-O-B), but far more importantly, in the heavenly, oozing-with-freedom lifestyle. Trust me. You want this. Can I get a witness?
Know that if you DO build a successful business, you will have accomplished something big – something the seasoned practitioners already get – in spades.
So, what advice/warnings/admonitions would you give a “short-cut hunter”??
Last year, I leased a postage meter from the company that shares my initials. Their introductory special offer became more understandable after seeing the bloated prices they charged for supplies. Some time back, I started getting regular “Low Ink!” warnings on the meter. Their cost to replace the slightly-bigger-than-a-pack-of-Tic-Tacs-sized cartridge? $47 + $8.50 shipping (UPS Ground). 56 bucks. On a whim, I called my neighborhood Cartridge World (www.cartridgeworld.com), a low-cost, high-service, friendly cartridge refiller franchise (from Down Under, incidentally…). $28 refilled, drive-out price. But it gets better.
When I handed it over to the guy at CW, he started walking to the back of the store, then stopped, hefted it gently, and said, “This doesn’t feel empty.”? He knew exactly what it should weigh both full and empty, and a few moments later, he comes back: “It’s still about one-third to one-half full.” Nice. Thanks, guys.
Oh, and up yours, PB (them, PB, not me, PB), for hoping I’d just do as I was told and toss roughly $20-25 worth of ink and pony up another 56 clams. I’d have loved to have been a fly on the wall at THAT meeting: “I know, we’ll set the machines to give premature low-ink warnings so we’ll increase ink sales by 37.56%! Wow, what a genius! Give him a raise!” Guess it never occurred to them that they’ve got competition on supplies, and even worse, honest folks who can bust them SO easily. Not smart. And now I’m writing about it. So they lose my supplies business along with that of probably a bunch of others, too.
P.S. I finally returned for a replacement cartridge nearly four months later.
P.P.S. When it came time to order mailing strips, THEY wanted over $80 for two boxes of double strips – delivered. Got the same thing from a competitor for $22 – to my door.
How do you make sure your copywriting clients keep coming back to you instead of going to the competition?