As a fractional executive, your success hinges on your ability to consistently find and win new clients. But let's face it – when you're running a one-person show or a small agency, time for business development is at a premium. You need strategies that are not just effective, but efficient.
This week, we'll dive deep into six battle-tested methods to fill your pipeline and land those high-value clients. We'll provide you with actionable steps, real-world examples, and insider tips to supercharge your client acquisition efforts.
1. Leverage Your Network (The Lowest Hanging Fruit)
Your network is your most powerful asset. These are people who know you, trust you, and understand your capabilities. They can either hire you on the spot or recommend you to others with confidence. Here's how to maximize this:
- Create a comprehensive list: Make a detailed inventory of everyone in your network who knows your professional capabilities. This includes:
- Former colleagues and managers
- Industry peers
- Alumni connections
- Professional association members
- Reach out: Don't limit yourself to those who can hire you directly. Contact everyone on your list, following these guidelines:
- Start with a genuine catch-up. Ask about their life and work.
- When they ask about you, explain your current fractional executive role.
- If they can't hire you, ask: "Would you be willing to help me by making two introductions to people in your network who might benefit from my services?"
- Follow up consistently: Don't be afraid to be "annoying" (within reason):
- Send a summary email after your call.
- If they haven't made the introductions within 2-3 days, follow up.
- Continue following up until the introductions are made.
Pro Tip: Craft a clear, concise "elevator pitch" about your services. This makes it easier for your contacts to understand how you can help and who to introduce you to.
2. Harness the Power of Client Referrals
Your current clients are walking testimonials of your expertise. Use this to your advantage:
- Create a feedback form: Design a Google Form that asks:
- How satisfied they are with your work (scale of 1-10)
- What you could be doing better
- How communication could be improved
- A request for a written testimonial
- Time it right: Send this form when you know you've been delivering great results.
- Ask for referrals: If their feedback is positive, follow up with:
- "I currently have room for one or two more clients. Could you make two introductions for me to people who might benefit from my services?"
- Make it easy: Provide a template they can use for the introduction email.
- Follow up: Just like with your network, don't be afraid to follow up until those introductions happen.
Remember: It's not pushy to ask for referrals when you're delivering great results. It's a natural part of business growth.
3. Navigate Online Marketplaces (With Caution)
Platforms like Toptal, Catalant, Business Talent Group, Graphite, and even Upwork can be sources of projects, but approach them strategically:
- Choose your platforms: Research and select 2-3 platforms that align best with your expertise and target clients.
- Craft a standout profile: Highlight your unique value proposition, showcase past successes, and demonstrate your expertise.
- Be selective: Don't apply to every project. Look for ones where you have a clear competitive advantage.
- Differentiate on value: In your proposals, focus on the unique value you bring, not on price. Show how you can solve their problem better than anyone else.
- Go above and beyond: If a client's budget seems low, don't be afraid to propose a more comprehensive solution at a higher price point.
Real-World Example: I once won a $21K project when the client's original budget was only $5K. Here's how:
- The client asked me to pitch despite the low budget.
- I proposed a more comprehensive scope that would deliver significantly more value.
- I clearly explained why the additional investment was worth it.
- After the project, I pitched a retainer, which they accepted.
Warning: While marketplaces can lead to wins, they're generally unreliable for sustainable income. Use them as a supplement to your other strategies, not as your primary source of clients.
4. Mine Open Job Listings
Job postings are goldmines of information about a company's needs. Here's how to leverage them:
- Set up alerts: Use LinkedIn, Indeed, and industry-specific job boards to set up alerts for roles that align with your expertise.
- Look beyond the job type: Don't limit yourself to "fractional" or "consultant" roles. Full-time job postings can be opportunities too.
- Analyze the posting: Identify:
- The key problems they're trying to solve
- Required skills and experiences
- Company pain points
- Reach out strategically:
- Identify the hiring manager and other key stakeholders (use LinkedIn or the company website).
- Craft a personalized message focusing on how you can solve their specific problem.
- Highlight relevant past experiences where you've solved similar issues.
- Propose your solution:
- Explain how you can address their needs as a fractional executive.
- Focus on the outcomes you can deliver, not the employment structure.
Many companies are open to flexible arrangements if you can demonstrate superior problem-solving ability. Don't let a full-time job posting deter you from reaching out.
5. Define Your Ideal Customer Profile (ICP)
To market yourself effectively, you need to know exactly who you're targeting:
- Reflect on past successes: List the problems you've already solved in your career. Be specific about:
- The nature of the problem
- The size and industry of the company
- The outcomes you delivered
- Identify patterns: Look for commonalities among your most successful engagements:
- What industry were they in?
- What size were the companies?
- What stage of growth were they at?
- What specific problems did they face?
- Create your ICP: Based on this analysis, define your ideal customer:
- Industry
- Company size (revenue, employees)
- Growth stage (e.g., Series A, B, C)
- Common pain points
- Decision-maker roles
- Craft your value proposition: Develop a clear, concise statement that:
- Identifies the specific problem you solve
- Explains how you solve it
- Highlights the unique value you bring
- Speaks directly to your ICP's pain points
- Test and refine: Use this ICP and value proposition in your outreach efforts. Pay attention to which messages resonate best and refine accordingly.
Pro Tip: The more specific you can be about the problems you solve and for whom, the easier it will be to find and win clients.
6. Build Authority Through Content Marketing
This is the long game, but it's incredibly powerful for building trust and generating inbound leads:
- Grow your network:
- Aim to add 100 new LinkedIn connections every week.
- Focus on decision-makers in companies that fit your ICP.
- Use a simple, personalized connection request.
- Develop a content strategy:
- Choose your primary platform (LinkedIn is often best for B2B).
- Decide on content types (posts, articles, videos, etc.).
- Create a content calendar to ensure consistency.
- Create valuable content:
- Share real experiences, lessons learned, and actionable insights.
- Address the specific pain points of your ICP.
- Use a mix of content types: how-to guides, case studies, industry analysis, etc.
- Engage consistently:
- Aim to post at least 3-5 times per week.
- Respond to comments and engage with others' content.
- Use hashtags relevant to your industry and expertise.
- Measure and adjust:
- Track engagement metrics (likes, comments, shares).
- Pay attention to which topics and content types perform best.
- Continuously refine your strategy based on these insights.
The Payoff: Over time, you'll build a growing audience of potential clients who see you as a trusted authority in your field. This leads to inbound inquiries and warmer outreach responses.
Putting It All Together
Remember, there's no overnight success in building a thriving fractional executive practice. It takes time, patience, and consistent effort. Here's a suggested weekly routine to implement these strategies:
- Monday: Reach out to 5 network contacts and follow up on previous referral requests.
- Tuesday: Analyze job postings and reach out to 3-5 potential clients.
- Wednesday: Create and schedule content for the week.
- Thursday: Review and apply for relevant projects on freelance marketplaces.
- Friday: Add new LinkedIn connections and engage with your growing network.
By implementing these strategies consistently, you'll be well on your way to a steady stream of high-value clients and projects.
How Mylance Can Help
Need help implementing these strategies? That's where Mylance comes in. We offer:
Free Resources:
- Slack community for networking and advice
- Workshops on key freelancing topics
- Templates for proposals, contracts, and more
- Rates database to help you price your services
- Free turnkey landing page for your consulting business
Done-for-You Services:
- Creation of your ideal client list
- Outreach campaigns to potential clients
- Thought leadership content creation and posting
- Network building on LinkedIn
Ready to take your fractional career to the next level? Sign up for Mylance and book a call to see how we can supercharge your client acquisition efforts.
Mylance
This value-added article was written by Mylance. Mylance takes your marketing completely off your hands. We build the marketing machine that your Fractional Business needs, but you don't have time to run. So it operates daily, growing your brand, completely done for you.
Instead of dangling numbers in front of you, our approach focuses on precise and thoughtful input: targeted outreach to the right decision makers, compelling messaging that resonates, and content creation that establishes trust and legitimacy.
To apply for access, submit an application and we'll evaluate your fit for the service. If you’re not ready for lead generation, we also have a free, vetted community for top fractional talent that includes workshops, a rates database, networking, and a lot of free resources to support your fractional business.
Written by:
From Uber to Fractional COO to Mylance founder, I've run my own $25k / mo consulting business, and now put my business development strategy into a service that takes it all off your plate, and powers your business