How I made it through a tough time with my business

How I Made it Through a Tough Time with My Business

So last week I announced that I was back from my hiatus and that there had been a myriad of reasons for my absence.  Over the next few weeks or so, I plan to write about some of those reasons that held me back and caused me to take a break from writing.  One reason wasn’t so much a cause, rather a hindrance and stressor that prevented me from writing.  I was experiencing a bit of a tough time with my business.

Prior to my return, my last posting was back in the fall of 2014, September to be precise.  2014 overall for me was a funky year from a business perspective.  I came off of 2013 on a bit of a high.  I saw a significant increase in revenue compared to the previous year and I was on track with my 5-year goal with my business.  I had high hopes and projections for 2014 and I was eager to start the year off.

That year sucked.

The year started off slowly, but that was expected.  I had gotten used to knowing when my high and low seasons were.  Typically the latter part of fall, through the beginning of winter is slow for me.  My busy periods typically are in the spring, the latter part of summer and the very beginning of fall.  My goals have always centered around capitalizing on those periods of time.

So when spring rolled in and rolled right back out without even half of the revenue that I normally would see, I got a bit concerned.  By the time I limped through summer, I was almost in a panic.  Fall was right around the corner and I saw it as my last opportunity and hoorah for the year, but the landscape was bleak.

No new clients, no new projects, and very few inquiries.  It was a tough time.

Prospecting for New Clients

I knew I needed to be more proactive than I had been to get some work to come in.  I had so much work come in during my busy seasons the previous year, that I think I got comfortable.  I stopped working to get work.  I had apparently subscribed to the thought that if I do nothing, they will come.  They, meaning projects and new clients.

So the first thing I did was try to figure out how to get new clients and work.  I turned to a fellow designer friend/mentor and asked the age old question: “How do you get new clients?”  He told me that he targets warm leads, instead of cold calls and pitches.  Basically he looks around locally and identifies businesses that are advertising in some capacity, but may not have very attractive ads/graphics.

He then calls or drops in to see if he can briefly speak with the business owner about their marketing and graphic design needs.  They are a warm lead because they have advertising dollars to spend and are spending it.  The pitch is to get them to stretch those dollars further with better concepts and designs, by spending it with him.  They are going to spend those dollars anyway, why not spend it on better visuals?

Because I am such an introvert, this was a little bit harder for me to do.  So I adapted his method to work for my introversion.  I had a bit more success by targeting businesses that were advertising or targeting digital channels like social media and blogs.

Another thing he suggested that I do was to pitch local agencies for overflow work.  When agencies are busy and don’t have the manpower to cover all of their project needs, they turn to freelancers.

For this, I used LinkedIn.  I signed up for a 30-day trial pro account and used it to identify art directors, creative directors, and principals at local agencies.  I made connection requests and drafted my pitch letter.  I pitched myself for their overflow work needs via the InMail feature and directly through email.

While I didn’t get any immediate work from doing this, I did receive quite a few responses and promises to be put in their databases for those times.

Gigging

A lot of agencies and corporate in-house creative departments turn to creative staffing agencies to staff their immediate short-term and long-term needs.  There are several local to me and contract gigs are something that I have done in the past.  My next step was to sign-up online for all of them.

Gigging would provide me with immediate revenue and I knew that if I could do short-term or part-time gigs, I would still be able to handle my freelance projects and clients.  It would also give me an opportunity to work with more recognizable agencies and brands.

Within about a month of signing up with every creative staffing agency in town, I landed a short-term gig at a large, reputable PR firm in a posh part of town (Porter-Novelli) and then an open-ended gig as a Jr. Art Director at a well established, Fortune 500 company (NCR Corporation).

Tough Time Take-Away

While tough times lead to immense stress and financial strain, I am actually glad that those tough times happened.  I learned a lot of things.  For one, never get lazy or too comfortable.  I always need to be marketing myself in some capacity, even when the work is rolling in endless streams.

I learned adaptability in taking something that worked well for someone else and adapting it in a way to work for me.  I also learned some new sales skills, copywriting for conversions and sales, and a better way to use LinkedIn for my business.

I also learned how isolating my freelance life, coupled with my introversion had made me.  It was kind of nice to see something other than my four walls in my home office and to have actual human coworkers and not just my dog.

By the time the winter of 2015 rolled in, I was back on top.  I was no longer panicked about revenue or watching my savings deplete.  I was actually seeing them increase.  I was also no longer scrambling for clients and projects.  I actually ended up turning a few down that I was really interested in and referring them to some of my freelancer friends, because I didn’t have the bandwidth to take them on.

About two thirds of 2014 sucked, but that last third turned out pretty awesome and it has continued to be awesome through this year, 2015.

Have you had to take measures to get through a tough time with your business?   What were some strategies you used to get through them?  Share your experiences below!

I'm back from my blogging hiatus

I’m Back from my Blogging Hiatus

She’s back!  Over the past few months I have been quietly making some changes and tweaks to my site and to my business in general.  It’s been a little over a year since I last wrote something here and there are a few reasons for my blogging hiatus.  Illness, burnout/fatigue and needing to explore some other avenues from a business perspective are just a few factors for my writing absence.  However, I believe that I am ready to return to writing and I’ve even convinced a couple of friends to join me here on my blog.  My fingers are still crossed and I may or may not have wished on a shooting star last night, but I hope to be back to writing on a (somewhat) regular basis here.

In the meantime, I encourage you to take a look around and check out some of the design changes that I have made to my site.  I’m still working out a few kinks and making tweaks.  Do not be surprised if things seem to shift around a bit and change.  I am my own worst client.  While I think I am great at designing and helping others, I am a bit indecisive and hypercritical of my designs and branding for my own business.

So I invite your feedback! If you like what you see, let me know.  If you hate what you see, let me know (try to be nice though).  If you think I’m doing too much, call me out on it.  You can even hashtag it with #teamtoomuch or #doingthemost, in a Twitter or Facebook rant. 🙂

What Does Your Headshot Say About You? Another Installment on @eZangaInc by Me.

If you’re using personal branding as a marketing strategy or to find a job, you need a headshot and you should read my guest post over on the eZanga blog.  It’s time again for my monthly installment and this time I’m talking about the visual impact your headshot has on your personal branding strategy.  Your profile image on social media or your headshot on a business “about us” page may be the first impression someone gets of you.

Head on over to eZanga and find out how you can make your headshot say what you want it to say.

“What Does Your Headshot Say About You?” guest post for eZanga.

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Your Stuff Cannot Stink – Prove Your Ability and Worth

Yep, here we go again. Colleen is on a bit of a rant again today. What has my gears grinding today? Businesses that think they are illusionists and use smoke and mirrors to dazzle you into believing their claims. They use their messaging to tell you how great they are, but do not show you how great they are. In the past, it may have been enough to use frilly adjectives like “awesome,” “great,” and “best” to sell a product or service. However, today’s consumers are a bit more skeptical and you need to demonstrate or prove that you really are the best, great at what you do and have an awesome product.

To borrow a line from the movie Jerry Maguire, “Show me the money!” For example:

If you build “cutting edge” websites, but your own website looks similar to Berkshire Hathaway’s website or you are using the free version of Wix (that includes their logo and favicon), I’m not going to believe you. I probably won’t bother to take a look at your portfolio, because you have proved to me by your own site, that you do not know what cutting edge currently means when it relates to web design.

If you are a self-proclaimed social media maven or guru, I should be able to find you on every major social media network. Not only should I be able to find you, but I should be able to see your prowess reflected in the quality of your posts, engagement and following/fandom on those networks. I need to see you walk the walk, not just talk the talk.

SEO, SEM or PPC expert that gets great results? Show me with a few case studies that include mathematical figures and percentages of how you took a client from point A to point B with their goals. If you can back that up with a few client testimonies from real and verifiable business owners, I might just believe that you can improve my search engine rankings and boost my website traffic.

In a nutshell, your stuff cannot stink. Fluffy adjectives to describe yourself and your business/product will only get you so far. If you are truly as good as you say you are, you should be able to prove it.

 

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Inspiration…is One Helluva Drug

I’m going to repeat that. Inspiration is one helluva drug and yes, I know that “helluva” is not actually a word (Hell-of-a). As a case and point, let’s look at Pinterest. It is an online bulletin board, where you can pin and collect ideas and inspiration. As of July 2014, there were over 30 Billion pins and 70 million users. How many of those users do you think “acted” on the pins they have collected? How many craft projects, recipes, decorating projects were actually done, compared to the number of those projects that were pinned and collected?

I myself, am guilty of this. I don’t think I have made one recipe or craft project from the ones that I have pinned. I had the camping itch, and I still do, but I have done nothing with the ideas that I have collected. Well, I take that back. I did start saving my empty coffee grounds canisters, but they are currently taking up space in a closet somewhere.

The point is, it can be fun and addicting to look for inspiration for something, but it is pointless if you are never going to act upon it.

In business, we entrepreneurs sometimes get stuck on collecting ideas and improving upon those ideas, but never launch or act upon them. I have a notebook that I keep in Evernote for business ideas. In that notebook is a running note/list of ideas, called “money generators.” The CED Store was one of the ideas that I had in that note to sell and design t-shirts. That idea was in that note for almost two years, before I finally decided to act upon it.

It had morphed from being stock vector illustrations to sell until I could find a wholesale supplier and printer; to being dropshipped fine art prints; to being t-shirts and other printable items. I kept being “inspired” to morph it into something else. All the while, I never created a single illustration to put on ANYTHING. I was too caught up in idea development to act on the one I already had.

Don’t let that be you. If you have an idea, you need to act upon it. In my case, I wasn’t coming up with some new product idea that didn’t exist. So I didn’t have to worry about someone beating me to market with my idea. That may not be the case for you. Within the past two weeks, I have had two friends get beat to market with their ideas.

One is a top-notch baker and cook that had a great and tasty concept for cupcakes. The other had a utilitarian style concept for a line of jewelry. I recently saw a write-up locally for a start-up with the same cupcake concept, and my jewelry designer friend sent me photos they found of another brand doing their concept idea. Does that mean that they can no longer act? No, but they may have to work a little harder to differentiate themselves and do it better.

Be wary of the inspiration drug. Collect ideas and inspiration, but put a cap on it. Know when to say, “Enough, it’s time to act!”

This is a public service announcement from Colleen Eakins Design. (Cue “The More You Know” music and visuals)

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