Archive for the ‘Malla Haridat’ Category

Yes Honey, Give it Away for FREE! by @MallaHaridat

Thursday, May 16th, 2013

I know as an entrepreneur we often cringe at the word “FREE” when it comes to our business, but I’m going to share something that can be very powerful for your long term brand – give away your best stuff for FREE and watch how you can grow your brand as you position yourself as an expert.

Now let me clear up quickly what I mean by what you should give away for free. You are NOT giving away your services to manage an event for free.

  • Discounted – yes.
  • Offering to do more for the same fee – yes.
  • Free – NO way!

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Tired of FEAST or FAMINE Sales? by @MallaHaridat

Thursday, April 18th, 2013

Are you tired of “feast and famine” sales in your event planning business?  I’ve got just the strategy for you to find ways to market your current events and land new clients – in the midst of keeping track of ALL of the details and operations!!

The brainstorm: A friend emailed me recently to promote an upcoming event where she is the featured speaker.  Unlike most of her events, it was open to the public.   I thought it was a smart strategy for her to invite her email list to share in her presentation and potentially land some new clients.

Now if you are thinking – I missed it.  What’s so special about that?  No worries.  Her marketing was very subtle – but I would argue powerful in keeping her company name top of mind.

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What To Do With Your “Lukewarm” Contacts? by @MallaHaridat

Tuesday, November 20th, 2012

Running a successful event business is not easy.  You are in the industry where you meet contacts all the time – the super hot leads that land into new customers/clients and the lukewarm contacts – the ones that you know you SHOULD follow up with but often forget after the first meeting. Not that I would be telling on myself! Lol. The luke warm contacts though are often very powerful in your long term strategy.  Keep them engaged and connected and they could turn into powerful allies or clients down the road. The challenge is juggling the day to day demands of your business while balancing this long term relationship building.

For the advanced networker, I recommend going straight to an email newsletter or blog.   Start sharing information on a bi-monthly or weekly basis to keep your friends, family and networks in the know about your events, your successes, challenges and news you want to share. But when you are first starting, keep it simple.  Here is one tip to get you started.

Email a LinkedIn contact

I’m sure most of you have a LinkedIn network.  But how many people have you emailed/messaged your network in the past month? Especially someone that you haven’t spoken to in the past six-nine months. I started doing this recently.  I made a commitment of contacting two people each month.  People that I haven’t heard from in the past year.  During this past month, one friend shared with me news about a new contract that she won.  We celebrated.  Another friend told me that her business had fallen on hard times and she was looking for work. We started brainstorming employment options, I reached out to someone in my network, and we both said some prayers to keep her positive. After doing this for a few months, I’ve moved up to reaching out to four or five contacts.  I keep the bones of your email for most of the people that I reach out to and customize only a few lines.   Keeps it personal yet also is not overwhelming for me. And yes, while I’m only staying connected with four people at a time in my network, I am taking the time to reach out to them individually.  That’s what networking is really all about.

The Power of Thank You by @MallaHaridat

Tuesday, February 7th, 2012

Thank youWhen was the last time you handwrote a thank you card?

I will admit this is one of those tasks – or as I like to describe it “talents” – that I am still working on.  Sitting down to write a thank you note in the midst of all of the business development activity I have going on – outreaching to new clients, networking, dinners, lunches, proposals…crap I forgot to write that proposal and send it out …meetings, follow-up and reaching out to those in my follow-up file….that’s often the last thing on my mind.

But writing one is so powerful.

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Business Goal Setting by @MallaHaridat

Wednesday, July 6th, 2011

A client reached out to me recently to help her jump start some of her business goals.  She is juggling a full time job while running her business part time – and finding it hard to balance everything. What became clear to me after our initial conversation was how important it is to set up solid business goals and find ways to ensure that you follow-through on the completion of them.  There is a lot of talk about goal setting – but how many of us really know how to set “solid” business goals?  Your ability to master this will make a difference to your bottom line. First, write down all of the goals you have in your head.  I find this easier to keep track of them over the course of a week rather than sitting down in one session.   (However, use whatever method works best for you!)

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Juggling Business During The Busy Season by @MallaHaridat

Wednesday, June 29th, 2011

Yayyy!  It’s officially summer!  And it’s one of the busiest times of the year for event professionals.  How do you keep up with all of your client demands and find time to market your business to new customers? I know I have personally committed this “business sin” during my busy seasons – lamenting there is not enough time in the day. Client’s needs often come first as I was racing home last night to answer a 7pm conference call.  How easy it is to put your ongoing need to market and promote your business on the back burner!! Yet if you carve out 5-10% of your time on marketing – even during your busiest seasons – you can create an ongoing pipeline of marketing and business development activities that will have long term payoffs.  The trick is figuring out how to schedule time and set up systems.  You’ll spend less time on the busy work and more on the daily operations and long term growth potential for your business. So I’ve come up with a few tips to help you get started.  They are a work in progress so don’t hesitate to share ideas for how each of these can be improved for the event professional community. (more…)

Identifying your Company Brand for Event Professionals: Part Two by @MallaHaridat

Friday, April 8th, 2011

Here are some tools to get you started on uncovering your company’s brand.

Step One – Review your current marketing materials and identify three words that distinguish your brand. Now think about three stories of events that demonstrated how you were able to deliver on each of those words. For example, if you are known for thinking outside of the box– share your story about the traditional luncheon fundraising event where you incorporated some new elements that wowed the crowd. It was a success in the client’s eyes because you added something new yet still brought in the development dollars.

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Identifying your Company Brand for Event Professionals: Part One by @MallaHaridat

Thursday, April 7th, 2011

How do your clients describe you?
Why do they do business with your company?
What are the words that someone would use to introduce you to someone else – if they just met you 10 min ago at a networking event?

Think about these questions for a minute. If I lined you up with 5 other professionals in your field, what would make your business stand apart from theirs? Before you answer this question too quickly, take a moment and think about three things that make your company and its services different from other event professionals. Would someone outside of the events profession understand why these are valuable to their needs?

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How to Break Even In Your Business: @MallaHaridat

Tuesday, March 1st, 2011

One of your first steps in creating the financials for your business development strategy is to determine what your break even number is. I know. It’s not the easiest task, but it’s one that will help you sustain and grow your business for the long term.

The Break Even point is the dollar amount you need to sustain your business each month. In other words, in order to keep the lights on and the internet humming, what do you need to earn to survive? Not make a profit. Not grow. Just cover your expenses.

Or another way to consider it – What are the minimum number of clients that you need to maintain (depending on your business model) throughout the year in order to keep the basic bills paid?

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Business Development 101 for Event Professionals: @MallaHaridat

Tuesday, February 15th, 2011

Business Development 101 for Event Professionals

This blog series will be dedicated to event planning professionals who are seeking better methods of finding, securing, and maintaing clients.  In a nutshell, its focus is to introduce business development strategies for event professionals.

I won’t spend a ton of time on the theory of why you need a business development plan. Most of the time will be spent on what you need to do and giving you action plans for making it happen.

I will share some ideas that I have learned in growing and maintaining my own business.  I need you to share what’s working for you, what isn’t working, and to send me your tough and pressing questions about what is challenging you in the area of business development.

To get us started, I’ll share a primer.  You’ll need to check this blog series (and other blog posts on Liz King Events!) in order to find out what you need to do next.

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