Bryan Strawser - Breaking Seven Figures For The First Time
Jan 10, 2024
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Bryan Strawser, Bryghtpath CEO, shares the secrets of his business wins, including focused niche positioning, using content marketing and authority building. They discuss the roadmapping process to diagnose client needs, pricing and selling high-value services, and building ongoing managed services for recurring revenue.
Narrowing down focus and understanding target market helps consulting firms differentiate themselves and attract clients who value their expertise.
Offering a comprehensive roadmap or program evaluation as a service can showcase a consulting firm's expertise, enable informed decision making, and increase the chances of winning profitable engagements.
Effective proposal writing that incorporates pricing strategies can increase consulting firms' profitability and capture more value from their services.
Deep dives
Importance of Positioning
Positioning plays a crucial role in the success of a consulting firm as it helps build authority, expertise, and credibility in a specific niche. By narrowing down their focus and deeply understanding their target market, firms can differentiate themselves from competitors and attract clients who value their specialized knowledge and skills.
The Power of Roadmaps
Offering a roadmap or program evaluation as a productized service can be a game-changer for consulting firms. By providing clients with a comprehensive assessment of their current state and a clear plan of action, firms can showcase their expertise and demonstrate the value they can deliver. This roadmap approach helps clients make informed decisions, sets the stage for future work, and increases the chances of winning profitable engagements.
Effective Proposal Writing
Learning how to write compelling proposals is crucial for consulting firms. By incorporating pricing strategies like the three-option proposal and value-based pricing, firms can increase their profitability and capture more value from their services. Effective proposal writing involves understanding the client's needs, addressing objections, and presenting options that align with the client's desired outcomes and budget.
Growing Through Managed Services
Expanding into managed services can provide consulting firms with a predictable revenue stream and greater longevity in client relationships. By outsourcing specific aspects of a client's resilience program or offering ongoing management, firms can provide guaranteed service levels, ongoing support, and expertise without the client having to invest in building an internal team. This approach can lead to profitable long-term partnerships and continuous engagement with clients.
Thoughts on Growth and Future
Consulting firms need to strike a balance between growth, profitability, and maintaining the ideal scope of work they desire. While growth is important, it's essential to ensure that the firm can deliver the value and quality expected by clients. This may involve expanding the team, exploring new service offerings, and finding a healthy mix of clients that align with the firm's expertise and goals.
Bryghtpath CEO and Ditcherville lifetime resident Bryan Strawser joined me on Ditching Hourly to share the secrets behind his huge business wins in 2023.
In this episode of Ditching Hourly, Jonathan Stark interviews Bryan Strausser of BrightPath about how positioning his consulting firm and using program evaluation "roadmaps" as a first engagement with clients has led to major growth and 7-figure revenue. They discuss Bryan's journey from generalist consultant to focused niche positioning, using content marketing and authority building to attract ideal clients, the roadmapping process to diagnose client needs before prescribing solutions, how to price and sell high-value services, and building ongoing managed services for recurring revenue.
Chapters:
[00:00:00] Introduction
[00:02:00] From generalist to focused positioning
[00:08:00] Attracting clients through content marketing
[00:13:00] Client onboarding with program evaluation roadmaps
[00:21:00] Using the podcast to build authority
[00:25:00] The importance of positioning
[00:28:00] Pricing and selling high-value services
[00:36:00] The roadmapping sales process
[00:44:00] Writing effective proposals
[00:51:00] Increasing profits through pricing
[00:53:00] Growing through managed services
[00:56:00] Conclusion
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