Ten Questions to Ask Before You Decide to Speak Professionally Ten Questions To Ask Before You Decide To Speak Professionally www.vickiesullivan.com | [email protected] | (480) 961-4318 ©Sullivan Speaker Services Inc. All rights reserved. pg. 1 TEN QUESTIONS TO ASK BEFORE YOU DECIDE TO SPEAK PROFESSIONALLY By Vickie K. Sullivan, President, Sullivan Speaker Services Inc. Many of us in the thought leadership space know the power of public speaking. We give speeches to promote our books, our brand and our business. So it seems logical to make speaking fees a bigger part of our revenue streams, right? Not so fast. Professional speaking looks glamorous and it is – for the hour or so that you're in the spotlight. What you have to do before and after those magical times in front of the audience might be a rude awakening. Like show business, professional speaking is a volatile industry that chews up and spits out talented experts on a regular basis. So you really want to be a professional speaker? Here are ten questions to ask yourself before entering into the fray. {1} Am I willing to sell more than speak? In this crowded marketplace, you have to go out and GET the speaking engagements… and between celebrities and free experts, that’s easier said than done. Be ready to spend more time getting the invitations than you spend getting the applause. Selling to get speeches is not like coaching and consulting, where the need is continuous. Events are time sensitive – contact the buyers too early and you’ll get ignored. Contact them too late and you have to wait for next year. And keep in mind, if your speaking fee is less than $5,000, ongoing marketing costs can easily outstrip your fee. Ten Questions To Ask Before You Decide To Speak Professionally www.vickiesullivan.com | [email protected] | (480) 961-4318 ©Sullivan Speaker Services Inc. All rights reserved. pg. 2 Be ready to spend more time getting the invitations than you spend getting the applause. {2} Can I have/I run a transactional business? Many thought leaders have their own business, usually a B2B in professional services. The big difference between services such as consulting and coaching and speaking is leverage. The former has fewer buyers and bigger price tags. The latter has many buyers, lower price. These models require a very different sales machine. And if the answer is no, you could learn about critical concepts such as “cash flow” the hard way. The boring stuff – like financial statements, profit and loss reports, take on new importance. Many speaking businesses experience peaks and valleys, so don’t count on constant revenue. Only the savvy survive. {3} Am I ready to invest at least $50,000 up front? Many thought leaders believe that all you have to do is slap up a WordPress site with a video and you’re good to go. Yes, technology has lowered the price of marketing tools, such as demo videos and speaker brochures. But you still have to pay to get these tools done right. The bootstrapping days The bootstrapping days in the speaking profession are over. Successful speakers know that it takes money to make money, just like in any other business. In addition to a business’s usual start-up expenses, be prepared to spend money up front for the tools you’ll need for marketing: positioning and strategy, brochures, demonstration video, websites, etc. Everything adds up – in a hurry. in the speaking profession are over. Successful speakers know that it takes money to make money. KEY STRATEGY: Want to look before you leap? Find out what it will take to launch your speaking venture before spending money on marketing tools. Check out Vickie’s market assessment and contact Vicky Likens at [email protected] for more information. {4} Do I work well alone? Like writing, speaking can be an isolating career. Very few speakers have large offices, and even fewer have water coolers. And your spouse can only listen to those “on the road” stories for so long. Good news: a community is only a click away thanks to LinkedIn. And… there’s nothing like the personal touch. That’s why I call the National Speakers Association (NSA) the best place for isolated extroverts. Ten Questions To Ask Before You Decide To Speak Professionally www.vickiesullivan.com | [email protected] | (480) 961-4318 ©Sullivan Speaker Services Inc. All rights reserved. pg. 3 {5} How will heavy travel affect my personal life? When your speaking business takes off, it’s easy to let travel take over your schedule and, therefore, your personal life. Unless your spouse wants to be a single parent, make sure your speaking schedule doesn’t interfere with your marriage, your parenting responsibilities, and your social life. {6} Am I branded for buyers who don't know me? Many experts have a great group of fans. These clients make selling easy because with them, we don’t have to communicate our value. All we have to do is upsell and cross promote. Getting repeat speaking invites is harder than in the past. Buyers in the association conventions will move on to another great keynote speaker next year. While the corporate segment has more opportunities with different divisions, you still have to compete for buyers with whom you don’t have an inside track. Speaking takes a different kind of brand effort because you won’t have the same kind of long-term relationships as in consulting or training. Your brand has to compete with a wider variety of brands. {7} How much pro bono work am I willing to give? Thanks to the content marketing trend, buyers expect to experience you at no risk. Many experts do lots of things to promote their speaking business, including free speeches, free articles, free…anything. Yes, you have to give away many of your secrets. Part of your marketing mix involves doing pro bono work to get your program visible and talked about. Unless you are a well-known celebrity, be prepared to give before you get. {8} Can my current network get me enough speaking opportunities? Selecting speakers is a risky decision so many buyers play it safe by sticking with pros they already know. If your colleagues have seen you speak and like what you do, it’s easy to ask if they will refer you to buyers when appropriate. The key question: are these referrals enough to jumpstart your speaking business? Ten Questions To Ask Before You Decide To Speak Professionally www.vickiesullivan.com | [email protected] | (480) 961-4318 ©Sullivan Speaker Services Inc. All rights reserved. pg. 4 Unless you are a well-known celebrity, be prepared to give before you get. Many thought leaders believe that referrals alone will do the trick. The reality: you get a running start, but referrals are not enough to sustain your speaking business for more than six months. You still have to sell to buyers who have many options. Savvy speakers will not sit back and depend on these referrals. They will take full advantage of the jumpstart but know it won’t last forever. You have to know how to build a marketing machine that generates a steady stream of leads. {9} Am I willing to invest in professional development? Remember that old saying, “Lawyers who represent themselves have fools for clients”? The same concept applies to experts who consult and coach themselves. The problem: we don’t know what we don’t know. That’s how blind spots are born. The reality: you get a running start, but referrals are not enough to sustain your speaking business for more than six months. The best speakers know that relevancy is a moving target. They must stay ahead of the competition on their style, their stories and most important, their brand. And they don’t even try to do it alone. Be ready to pay for expert help – acting classes, performance coaching, differentiation – on an ongoing basis. Remember, you get what you pay for. {10} The most important question of all: Am I really that good? Buyers who hire professional speakers have very high expectations. (In fact, the higher the price tag, the higher the bar.) They expect a home run every time at bat. Stellar presentation skills are a given. They expect professional speakers to have an effortless presence, funny stories and provocative messages that don’t come from best-selling books. Stellar presentation Being a great speaker is not enough. Buyers now expect two more things: an experience and specific outcomes. Both of these are subjective. Don’t assume that you have the same definition. speakers to have an skills are a given. They expect professional that don’t come from best-selling books. Bottom line: The professional speaking business is volatile, risky, and oh so much fun. So fasten your seat belt and get ready for a ride. www.vickiesullivan.com | [email protected] | (480) 961-4318 ©Sullivan Speaker Services Inc. All rights reserved. funny stories and provocative messages If you don’t cut it, the market will let you know in a hurry. (But not before you’ve spent all that money on videos, websites, etc.) Ten Questions To Ask Before You Decide To Speak Professionally effortless presence, pg. 5 VICKIE SULLIVAN President, Sullivan Speaker Services Inc. Vickie Sullivan is internationally recognized as the top market strategist for experts. Specializing in branding for highfee markets, she has launched thousands of thought leaders since 1987. Ms. Sullivan is a popular speaker throughout the U.S. and Canada on why buyers buy in lucrative markets and strategies that position experts for those opportunities. Her market intelligence updates are distributed to experts in the U.S. as well as 17 other countries. Ms. Sullivan has served twice on the editorial board for Professional Speaker Magazine, and currently serves as contributing editor for RainToday.com, a prominent community of 120,000 service professionals. Her articles have been published in other publications such as Presentations and USA Today magazines and the Handbook of Business Strategy. Ms. Sullivan has also been quoted in mainstream media such as Fortune.com, The New York Times, and Investor’s Business Daily. Her work and views have appeared in books such as Bright-Sided: How Positive Thinking is Undermining America by Barbara Ehrenreich, Secrets of Six-Figure Women by Barbara Stanney, and Getting Started in Consulting by Alan Weiss. Vickie Sullivan Sullivan Speaker Services, Inc. Market Strategy for Thought Leaders 9920 S Rural Road #108 PMB 103 Tempe, AZ 85284-4100 480-961-4318 main 480-961-7382 fax Ms. Sullivan’s groundbreaking work has earned her an appointment on the Women’s Leadership Board for the Kennedy School of Government at Harvard. As a former member of the mentoring committee, she has given three presentations to the student body there on personal branding and prominence. She also serves on the international advisory board for SpeakerFile.com, the fastest growing network of corporate and professional speakers. The first in her family to graduate from college, Ms. Sullivan earned her bachelor’s degree in Journalism, Public Relations emphasis at the University of Oklahoma. She lives in Tempe, AZ with her husband Larry, her favorite geek. Ten Questions To Ask Before You Decide To Speak Professionally www.vickiesullivan.com | [email protected] | (480) 961-4318 ©Sullivan Speaker Services Inc. All rights reserved. pg. 6 OTHER RESOURCES All of these products are available for purchase through Vickie’s online store. Visit www.vickiesullivan. com/store today! Vickie Sullivan's Speaker Success Kit: An Exclusive 3-CD Set Your ultimate, need-to-know source to start playing the speaker’s game. In these three CDs–jam-packed with winning content and offered together for the first time–you’ll get the preeminent scoop from Vickie on the common mistakes and pricey pitfalls you can avoid in starting your speaking career. The CDs include Get Those Bookings: Marketing Strategies for Professional Speakers, Speaking in the Strike Zone: How to Get in Front of a Buying Audience, and Speak to Sell: Using Public Speaking as a Marketing Tool. Your Position Of Power: Packaging Your Expertise For High-Fee Markets Ready to make yourself P.O.P. in the marketplace? You can with Vickie’s four CD set that shows you how to flex your own unique Position of Power. Here, she provides a strategic, stepby-step approach to positioning–and communicating–your expertise in ways that will make you a must-have speaker… and draw in your most profitable customers. Talking To Strangers: Effective Sales Conversations For Experts Who Speak In this amazingly comprehensive 7-CD set Vickie down-loads the info to make every conversation count so you can turbo-charge your success… right now. She breaks down–CD by CD–how to make every phone call more effective, how to communicate how valuable you are, how to respond to budget-blues excuses, and how to implement top-tier closing strategies. Vickie’s masterful approach will have you summoning your innate courage to speak to strangers… and command the highest fees possible. Springboard Marketing Looking to create currency with a business that prominently plays up your intellectual capital? In this CD set, Vickie enthusiastically unspools a winning consultant program previously revealed only in pricey one-on-one sessions. It plots out the plan to build an infrastructure–driven by speaking–that sets your expertise apart, fine-tunes message development and turns a single speech into a powerful, revenue-generating machine. Get Those Bookings: Marketing Strategies For Professional Speakers In this CD, you’ll find out what to know before you market yourself, how associations and corporations select speakers they pay for, and how you can influence the committees that decide which speakers get hired. Speaking In The Strike Zone: How To Get In Front Of A Buying Audience This fast-paced CD features Vickie giving the very latest on market expectations and how you can tailor your format for the highest return. Speak To Sell: Using Public Speaking As A Marketing Tool Specifically targeted to those who want to give presentations to sell products, procure clients or promote their ideas, this CD offers a tested, systematic approach to create captivating topics that sell. Ten Questions To Ask Before You Decide To Speak Professionally www.vickiesullivan.com | [email protected] | (480) 961-4318 ©Sullivan Speaker Services Inc. All rights reserved. pg. 7
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