Thursday, March 11, 2010

How Genuine Is That New Prospective Lead?



For all freelancers, any kind of incoming client lead is good. But not always do these leads transcribe into actual clients. In my case, I have had so many leads lose their shine when they turn out to be in quest of one single aim- free advice. I have had this happening quite often especially when I started out as a freelancer. It is not that I am against providing advice but you shouldn't’t add all that value for free — whether for a client who wants more than they’re willing to pay, or one who isn’t really serious about the project in the first place.

There have been times when I was contacted by prospects expecting me to do all their marketing panning as well as suggestions towards structuring the content of their websites for free. Scheduled meetings to ‘discuss’ the projects have often turned into the same.

So how does one differentiate as to if this new lead you are in touch with is another of these free advice seeker or is a genuine prospective client?

Imagine a situation wherein you get in touch with a new prospect and start talking with him regarding the project. The client seems genuine and you share with him some good conversations and laughs. Conversations with that client leave you on a high and you simply feel the rush to start to work for him. But when you start discussing the actual modalities of the project including the budget and the deadline, the client seems to be at his indecisive best. My advice here, BACK OFF!

In 95% of the situations I have seen that such clients do not end up giving any work and all they seek is an estimate for the project and like in the previous case, free advice!

So this leaves us with the same question. How does a freelancer decide if the client is really just another pretender? The following rules that I always abide by work for me:

Enquire about the project budget: If the prospective lead is serious about the project and are actually on the lookout for a specialist then they’ll have a budget. On the other hand, the pretenders will either completely try to skirt this topic or else will start tossing out unrealistically low figures.

Ask for the project deadline: An inconclusive and sketchy answer here simply spells trouble. If they don’t value a project enough to schedule it, then don’t expect to get paid for it too!

Ask for mutual contracts to be signed: There is nothing more that pretenders get scared from than legal bindings on paper.

Insist for an advance payment: Prospective clients meaning business would understand your need of saving your interest with an initial payment and very often agree for the same. Pretenders on the other hand would stop their communication right there!

As a freelancer you really need to start understanding that there is truly nothing called as "free lunches". The lunch meeting that you might have to go for right now with a lead just might not be the expected free lunch offered by him but one of the tricks up his sleeves to try and play around with your experience. BEWARE!



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2 comments:

  1. Good and helpful rules for freelancers. I will also implement mutual contracts with my future clients.

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  2. Thank you Kulbir for the kind words. The contract point that you mentioned surely is a huge stress saver as it helps safeguard our interest tremendously! :)

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