Sunday, February 5, 2012

It's Not the Economy, It's You - How To Get Unstuck

It's easy to blame the economy when things are going tough.  However, the fact is that there are still people who survive and thrive no matter what the economic circumstances are.  How do they do it?  They revisit, rework, and retool their strategy to fit the changes happening around them.

If you're feeling like you're in a slump, it's because you're resisting changes you need to make, or you're unable to identify where you have opportunities for change.  

If you're resisting change, than you have already identified what change is needed- but now you need to have an honest conversation with yourself (or your business mentor) about why you aren't motivated to make the changes you know will help your business.  However, if you're simply at a loss for ideas to make changes, here are several ways to change and rework your business:
  • Service Offerings
  • Product Offerings
  • Overhead Costs
  • Workflow Systems
  • Marketing Plan
  • Budgeting
Do any of the items above stand out as something you've been neglecting or know needs improvement?  If so, than you know where you need to focus your energy already.  Below I've provided some basic ideas about how to create change in these areas.  This is in no way an exhaustive or complete list of possibilities, but merely a sample of things I've seen work in various businesses that I've worked with.  As you read these, see which one(s) stand out to you as something you need to do and write them down in a list.  I'll share what to do with your list after you've read through them:

SERVICE OFFERINGS
  • Change business hours to provide added convenience to clients
  • Offer smaller introductory services to allow more people to develop a relationship with your company 
  • Pair down services to focus business strategies, or expand services to reach new markets

PRODUCT OFFERINGS
  • Simplify your product line to make client decisions easier and to streamline production time
  • Expand your product line to offer more customizable, unique, or affordable products for clients
  • Eliminate outdated products and introduce innovative products

OVERHEAD COSTS
  • Eliminate unused or underutilized assets and services with recurring costs
  • Let go of unproductive employees to make room for highly skilled and motivated ones
  • Invest in assets or property that will produce ongoing income

WORKFLOW SYSTEMS
  • Find automated solutions for common repetitive tasks
  • Outsource production or administrative work that is easily reproduced by others
  • Streamline workflow process and production schedules to be more efficient

MARKETING PLAN
  • Create an annual marketing schedule for promotions, social media communication, and newsletter updates
  • Analyze return from previous marketing efforts and eliminate those which do not produce income or measurable results
  • Identify strategic relationships with other brands for partnership marketing opportunities

BUDGETING
  • Analyze spending habits to get a clear picture of where money is going and when- use this information to create a month to month budget for spending
  • Create an annual budget for marketing, equipment, supplies, overhead, labor, etc. to find opportunities to cut back spending or to eliminate unnecessary upgrades
  • Work with an accountant or bookkeeper to help you gain control of the numbers and to keep you financially organized

It would be impossible to do all of these at once, so once you've established a list of the things you feel your business needs, prioritize it from most needed to least needed changes.  The key is to pick just ONE thing you want to focus on changing at a time.  Make that change before moving on to the next.  By making one change at a time, you can give each change your full attention.  Once you've completed a change that benefits your clients, spread the news to reinvigorate your brand and demonstrate growth.  Growth and change attracts positive attention and forward momentum, both of which are great for attracting new business!

Once you know what you're going to start working on first, get additional ideas from PhotoLovecat.com by clicking on a category keyword listed on the right of this blog, or try the search box at the top left of the blog for more posts and ideas.

Anne Ruthmann is a lifestyle & wedding photographer from Boston, MA. She spent 10 years practicing marketing & management in corporate and non-profit businesses before pursuing her passion for photography as an independent small business.  She loves helping others find creative and low-cost solutions to business problems.  Follow her on Twitter or Facebook to see her daily adventures and thoughts.

Wednesday, February 1, 2012

What Matters To You?

We've created this blog for you- the small business entrepreneur and professional photographer.  Because we value you as a reader, we'd like to make sure our content stays relevant and interesting.  In the poll below (or in the comments), please let us know what topics are important for you so we can focus our time on sharing information that is valuable and resourceful to you and your business:





Thank you for your continued support!




Anne Ruthmann is a lifestyle & wedding photographer from Boston, MA. She spent 10 years practicing marketing & management in corporate and non-profit businesses before pursuing her passion for photography as an independent small business.  She loves helping others find creative and low-cost solutions to business problems.  Follow her on Twitter to see her daily adventures and thoughts.


Tuesday, January 24, 2012

WPPI 2012

It's another year and another WPPI, who is going??? Personally, I'm still on the fence but haven't been counted out of the game yet. If you have attended in the past make sure to check your spam folder for a special discount code from WPPI for registration.

I am planning on doing another hotel post (was going to do it now but MGM's site is down!) and an update to cheap eats as the one from a few years ago is out of date... are there any other tips that you guys would like??? Let me know in the comments!!

Below is a review of past articles on PLC regarding WPPI.


COREY ANN
Corey Ann is a wedding & lifestyle photographer from North Canton, OH. She is a mix of everything - fashionista (runs Clothes for Pros, clothing suggestions for photographers), travel guru, deal hound and geek rolled into one. She's had a website online since 1997 and a blog since 1999. When not plotting world domination or her next trip, she can be found reading one of the 100+ books she reads a year. Follow her on Twitter.

Tuesday, December 27, 2011

Where to Find Great Free Photo Business Education

Learning about photography is often the work of amateur photographers, while learning how to run a business is often the work of professionals photographers. Unfortunately, no matter how creative you are, if you want to make a living from your photography, you must understand the business side as well as you understand the photography. For that reason, I'm pretty jazzed about some great and FREE opportunities to learn more about the business of professional photography. If being a professional photographer or working for yourself is one of your new year resolutions, than check out these great opportunities to learn for free:

1. CHASE JARVIS LIVE
This is one of my favorite new additions to the world of professional photography education. Chase Jarvis Live is sponsored by Polaroid, which means he doesn't have to charge you for the content he's creating. He's recorded live interviews and ARCHIVED them for your FREE viewing pleasure to revisit whenever you have time. I've seen three so far and I have to say it's well worth your time to sit down with some morning coffee once a week to check it out. What's great about Chase is that he pulls in people from outside of the photography world- people who approach business and entrepreneurship from many different perspectives. I'm confident you won't be disappointed and you'll learn at least one new thing from each episode, even if you've been in the business for a while. If I could give Chase an official Photo Lovecat stamp- I would, because he's nailed the lovecat way. Visit the link below to check out the series:
http://blog.chasejarvis.com/live/

2. THE JOY OF MARKETING
I went back and forth about including this as a resource because the free content is a marketing pull to bring you into paid content options, however, I figure you're a smart cookie and if you should be applying money to your credit cards instead of accumulating more debt, than you'll resist the temptation to get the paid content until your finances are in order. That being said, the FREE offerings are so good that I HAD to mention it. Solid, direct, concise material for building your business, your brand, and your marketing strategies. Way to go Sarah Petty! Most of the stuff that you might want to pay for is actually available for free during the "live events." So, watch out for those and put time aside in your calendar to keep the livecast on in the background while you edit. Sarah's program has been around for more than a year now, so there are some real gems that you can access right now on the website before the next live event. Check it out on:
http://www.thejoyofmarketing.com/free

3. PUG, SMUG, ASMP, AND MEET-UP
After moving my business three times, I can definitely say that meeting other photographers in your local area and developing a local support network of colleagues is a key to running a successful business. In the Boston area, we have a lot of photography and meet-up groups, each one with their own particular flavor. All of the ones I've mentioned are free to join and are worth investigating to find out what's available in your local area. Here's a way to figure out which one is best for you:

PUG Meetings- sponsored by Pictage but open to everyone, these are great for meeting your local wedding & portrait photography community, sharing business ideas, and connecting with other professional photographers for assisting or second shooting trades. Each local PUG has a different feeling and community, which you'll learn more about after visiting a couple times. If you're a wedding or portrait photographer, this is a great free resource and way to connect with other professionals in your area:
http://www.pictage.com/thephotolife/pugs

SMUG Meetings- sponsored by SmugMug and open to everyone, the SmugMug community is generally made of amateur, part-time, sports, and fine art photographers. Since I still have yet to attend one, I can only imagine that it's very similar to the PUG meetings in that it's a great place to connect with other like-minded photographers and to learn a little something new at each meeting. Here's a link to find Smugs in your area:
http://www.smugmug.com/smugs/info/

ASMP Meetings- the American Society of Media Photographers is generally geared toward established professional commercial photographers and photojournalists. Unlike PUGs and SMUGs, there is a fee to be a regular member of a local ASMP chapter (much like PPA), however it's minimal compared to other memberships and it generally includes perks and discounts that you wouldn't get otherwise. I included it on this list as a FREE resource because there are generally plenty of informal get-together events happening on a weekly or monthly basis where you can meet the group and find out if it's the right fit for you. Since many of these people are established professionals with strong opinions, tread lightly and figure out the personalities and politics before asking too many questions, but don't let that stop you from checking out whatever they have to offer for free. Find your closest chapter here:
http://asmp.org/chapters/your-local-chapter


Now that you're armed with some great options for improving your business in the next year- I hope you'll let us know what you've found useful and if there are any resources we should add to our list! Check out the ones we've already listed in the past as well:
MORE Great Photographer Resources

Anne Ruthmann is a documentary lifestyle & wedding photographer from Boston, MA. She spent 10 years practicing marketing & management in corporate and non-profit businesses before pursuing her passion for photography as an independent small business. She loves helping others find creative and low-cost solutions to business problems. Follow her on Twitter to see her daily adventures and thoughts.

Friday, November 18, 2011

When Should You Rebrand? (and when NOT to rebrand)

Good Reasons To Rebrand:
  • You are attracting the wrong clients
  • Your product, service, or style has changed and is no longer reflected in your brand
  • Your brand is out of date because it was created for a different market or decade
  • Your current brand has acquired a bad reputation
  • Your brand is easily confused with another established brand in your field
  • You want to publicly demonstrate dramatic changes to your business
When NOT To Rebrand:
  • You just want a fresh look even though you are attracting great clients
  • You are moving to a new location but continue to offer the same service and products
  • You have rebranded or just established your brand within the last year
  • Your current brand is well established and has a great reputation in the industry
  • Your competition got a new look and now you feel like you need one
  • Your sales are down and you think rebranding will boost them

Really, the only good reason for rebranding is when you want to change the direction of your business and/or the kind of client that you attract- any other reason may do more damage than good to your business momentum.

If you have decided that it is time to rebrand for the right reasons, consider the following questions carefully:

1. What does your current brand fail to communicate or attract?

2. How will a new brand better communicate your product or service and attract your ideal market?

3. Based on the strength of your current brand's reputation, what is the minimum amount of change that will have the maximum impact toward your goals?


There are many different ways you can make changes in order to serve your goals- consider which ones will have the greatest impact:

SERVICE CHANGES:
Changing your service methods is one of the easiest ways to change the perception of your brand without changing a look that has already established itself in the market. By simply improving the service aspects of your business, you can boost your word of mouth marketing and reputation in the marketplace. Consider the excitement that comes with new food offerings at your favorite restaurants, or a return of a seasonal only favorite item. Just be wary of making changes too frequently in the customer experiences so that your clients don't suffer from a type of "facebook frustration." Here are some examples of service changes you may want to consider:
- Reorganization and optimization of website menu and navigation
- Improve response times to inquiries and problems
- Improve delivery times on products and services
- Streamline customer options and selection process
- Change service or product offerings
- Product packaging and unboxing experience

MESSAGE & TONE CHANGES:
Making changes to the tone and messages communicated in marketing materials can be a subtle way of changing directions and identifying with your intended market. McDonald's has changed it's slogan countless times as well as the formality and informality of its wording in marketing materials. It has moved from "you deserve a break today"- targeted to parents suggesting a break from cooking at home and entertaining their kids, to "i'm lovin' it"- targeted to young adults suggesting satisfaction of a craving when they see the golden arches on the side of the road. Here are several elements of a branding message that you may want to consider:
- Tagline or motto
- Written copy on website and in marketing materials
- Testimonials from clients
- Stories and Case Studies that demonstrate service and product offerings
- Integration of accomplishments or statistics that establish credibility
- Use of social media to deliver value and convey brand messages

VISUAL CHANGES:
This is generally the first thing people think of when they think of rebranding, but as you've seen, it's not the only influence on your overall brand. In fact, if you have an established brand, I'd recommend looking at the other changes you can make before you implement a visual change. We've seen plenty of iconic brands undergo visual changes in our lifetime (Pepsi, Apple, Adidas, etc.) and it's important to note that changes which were received positively in the market often held on to some elements of the former branding. When GAP took too drastic a departure from its former logo, the market responded negatively to the new look, which resulted in GAP changing back to their original logo. If you've created an iconic logo for your company, be very careful about how you change it. You may only need to make very subtle changes in order to attract a new market, convey a new experience, or bring it into a new decade. Consider these various elements of your visual brand:
- Color palette of logo or marketing pieces (website, business card, newsletters, etc.)
- Fonts, spacing, and layout of marketing pieces
- Shapes used in marketing pieces (going from squares and lines to circles and waves)
- Complexity or simplicity of elements used in visual marketing pieces

NAME CHANGE:
I place this one last and in its own category because the only reason for considering a name change should be when you want to make a complete departure from your former clients and reputation. A name change from "XYZ Studio" to "XYZ Photography" is not that dramatic if your main service has always been photography. However, if you're a graphic designer, this would convey that you are now ONLY offering photography, thus separating yourself from your design clients and reputation. Consider the impact Netflix had when it created an entirely different brand for DVD service and how separating it from Streaming Video services was not welcomed by its customer base leading Netflix to reverse their new venture. A subtle name change may not have that much impact on your business as long as you retain the original web address for at least 2 years after you make the change. However, if you are going from JD Photo to Jane Doe Photography- it should be because JD Photo was too easily confused with other similar names and conveyed a brand name that was more casual than the type of work you want to attract. Before considering any name change, google the name and see what other websites appear in searches to make sure you can carve out a unique name for your service in the online marketplace.

FINAL THOUGHTS:
Test out any changes on your favorite clients or on people that you'd like to attract with your service or product. Get some good feedback from people who would have an impact on your bottom line before solidifying any changes. Just as there is beta-testing with new software, there should be some amount of beta-testing with changes to your brand. If you've gone through the branding process, or are in the middle of it, I'd love to hear about your experience in the comments!


Anne Ruthmann is a lifestyle & wedding photographer from Boston, MA. She spent 10 years practicing marketing & management in corporate and non-profit businesses before pursuing her passion for photography as an independent small business. She loves helping others find creative and low-cost solutions to business problems. Follow her on Twitter to see her daily adventures and thoughts.