Trust Matters, The Podcast: Asking a Client for a Rate Increase (Episode 24)

A solo consultant asks , “How do I ask a long-standing client, whom I already bill a lot monthly, for a rate increase?”

Do you want to send your questions to Charlie & Trust Matters, The Podcast?

We’ll answer almost ANY question about confusing, complicated or awkward business situations with clients, management, and colleagues.

Email: podcast@trustedadvisor.com

We’ll be posting new episodes every other Tuesday.
Subscribe to get the latest 
episodes

Trust Matters, The Podcast: Set Up for Failure By My Boss – Special Guest Andy Paul, Author & CEO, The Sale House (Episode 23)

Podcast: EmbedSubscribe to TrustMatters, The Podcast Android | RSS

Trust Matters, The Podcast: When Clients Want to Look Under The Hood at Your Pricing (Episode 22)

Podcast: EmbedSubscribe to TrustMatters, The Podcast Android | RSS

Five Short Phrases to Build Relationships: Part 2 of 5

This is the second in a series of five posts on short (seven words or less) powerful phrases. Each phrase distills the essence of a key part of approaching trust-based relationships in business.

Why focus on short phrases like this? Because the concise expression of several emotionally powerful concepts packs a punch. Such phrases feel profound. They catch the listener’s attention. They force the listener to reflect. They are short enough to remember every word, and therefore to resonate in the mind of the listener.

Today’s Phrase: (Four words) 

            “At the risk of…”

What then follows is a short list of your fears about what will happen if you say what you are about to say.  (And usually your fears are shared by the others in the conversation).

When to Use It

  • A key technique for calling out the “elephant in the room,” the thing that everyone is thinking about but no one feels comfortable saying
  • As a way of announcing an emotionally risky statement, thereby defusing the risk.

Examples

  • “At the risk of revealing my complete ignorance about this organization – what does the acronym QRP stand for in this paper?”
  • “At the risk of delving way too deep into personal relationship issues – it feels to me like there’s a bit of a breakdown in communications between you and Susan…”
  • “At the risk of grossly misreading your reaction, Susan, you seemed a little startled by that last part of the conversation?”

Why It Works.

These four little words pack an emotional punch well beyond their weight. They work because of the relationship between Transparency, Vulnerability, and Risk-taking, and because of the power of Ironic Over-statement.

Transparency. The opposite of transparency is opacity. When interactions are opaque, there is room for all parties to imagine all manner of bad motives, monsters lurking under the bed. When someone chooses to be transparent – to reveal their true motives, to shine a light on the ‘monsters’ – we relax. We feel more intimacy with that person, and our mistrust fades away. By speaking of the ‘elephant in the room,’ we deprive the elephant of its emotional power over us.

Vulnerability. By choosing to be the first to challenge the ‘rule’ about not speaking of the elephant, you are overtly taking a risk – the risk that every fear you listed may in fact be true.

      • But paradoxically, stating those very fears out loud in the form of a caveat (“at the risk of…”) robs them of their power – you have already acknowledged out loud the worst of your fears.
      • Having done so, the worst that others can say is, “Well, yes, that does reveal ignorance / get too personal / misread me.” In which case you simply say, “OK, got it, won’t make that mistake again.” You have converted an elephant into a mere checked-as-completed task.

Risk-taking. All trust starts with someone taking the risk. If you always wait for the other person to take the first risk, you are passively defaulting your power (the analogue in sales is “aggressively waiting for the phone to ring”). These four words not only announce your intent to take the first risk, but mitigate the risk you are taking (see the bullet points in ‘vulnerability’ comments above).

Ironic Over-statement. Note the adjectives and adverbs in the examples above: complete ignorance, way too deep, grossly misreading. We all know the lesson of Watergate: the cover-up is always worse than the crime.

By ironically over-stating our fears, we are immunizing ourselves against the Watergate error. No one can mistake your intent for a flimsy excuse, a lame apology, or an almost-but-not-quite admission. It evokes a response of, “All right, OK, we got it, let’s move along” – which is precisely what you want.

 

Next Blogpost:  Short Phrase #3 of 5: “Help me Understand…”

 

 

 

Trust Matters, The Podcast: Giving Tough Advice to a Client and Getting it Taken (Episode 21)

Podcast: EmbedSubscribe to TrustMatters, The Podcast Android | RSS

When Your Client Gets In Your Face

What do you do when your client gets angry at you, upset with you, in your face?

In truth, most clients don’t actually yell at you.  But of course you can tell when they’re upset. Maybe we even project a little bit, and imagine the horrors of what they might actually be thinking, regardless of what they actually say.

It all feels pretty horrific.

Well, there’s a simple two-part way to deal with that situation.

  1. Recognize it’s about them, not about you, and
  2. Ask to talk about it.

Here’s how that plays out.

It’s About Them

When someone’s angry at you, even yelling in your face, about something you may or may not have done, it’s critical to see what’s happening.

  • What you think is happening is, “he’s angry at me.”
  • What you need to see is happening is, “he’s angry.”

If the “someone” is your three-year old child, we have no problem doing this. We think, “Oh, he’s tired,” and we have patience. What we don’t do is take seriously for a moment whatever horrible things the three-year old is saying about us.

But let’s say your child is 15; suddenly, it’s all personal, and we become offended and lash back at them. We feel attacked, and return anger for anger.

And when clients do it, it’s infinitely worse.

But – it’s still your choice. You can react as you do to a three-year old – with calmness and understanding about what’s going on with them – or with anger, getting sucked into a downward spiral.

Guess which response is right. Always remember: when someone’s angry at you, the key observation to make is that he or she is angry. It’s an emotional state in them.

The fact that they’re angry at you is relatively unimportant. You may feel hurt for a hot moment, because pain is inevitable – but suffering is a choice. Your choice.

Ask to Talk About It.

People get angry because they feel afraid about something, and are trying to be heard.

So – hear them.

Find the words to acknowledge their anger. In fact, to go further than that, and ask them to tell you more about it.

Them: I can’t believe this whole thing happened, and it’s your fault. It’s costing me money, and time, and I’m now behind schedule, and I want to know what you intend to do about it! Right now!

You: Whoah, wow. I’m not sure I appreciated how important this obviously is to you. And I get it, you’re upset – at us, and at me in particular. I, uh, think I really need to take some time and hear you out on this.

Them: I’ve been talking to you guys; I want to know what you intend to do about it.

You: Fair enough. You deserve that.  At the same time, I don’t want to hip-shoot some solution without really understanding fully your context. And obviously we haven’t done that yet. So – give me 5 minutes to really understand your perspective; I promise to listen, and to talk about action steps – in 5 minutes.  Now please – talk to me.

Or words to that effect. Nobody can script for you exactly what to say – that’s a function of who you are, and who your client is. But the point is to acknowledge the anger, and commit to listening.

And by the way, this doesn’t mean you need to be all passive and apologetic. You can, and should, push back on the insistence on immediate action. It can wait 5 more minutes, and the truth is until you really have listened to your client’s outbursts, he or she is not going to listen to your solutions.

Remember: It’s not about you. And until you talk about it, they’re not going to accept your solutions.

 

Trust-based Networking and the Paradox of “Collateral Benefit”

A (seemingly) simple question: What is the goal of business networking?

  • The goal of most business networking is to make new connections in order to get more business. 
  • The goal of trust-based networking is to help others develop their businesses.  The “collateral benefit” of trust-based networking is that others then help you.

When it comes to networking, injecting trust into the picture creates a sort of paradox. It’s exactly the same paradox that arises when we think about injecting trust into selling, or advice-giving, or getting people to review your books. 

That paradox was expressed well by Dale Carnegie, Zig Ziglar, and a host of others: basically, the best way to get what you want is to help others get what they want. 

It’s easy to forget how radical that proposition is; and how infrequently people actually do it. 

(This topic will be explored in much greater depth in our next free Trust Matters Webinar: Network Like a Trusted Advisor: Take the Work (and Stress) Out of  It on January 29th at 11AM EST)

(Meanwhile, you might want to check out our eBook The Do’s and Don’ts of Trust-based Networking)

 Current Networking Practice

Ask yourself: when you go to a meet-up, start looking through LinkedIn, or scan a rough lead list –  how do you proceed? Here’s what usually happens:

  • You search and scan in advance for those you’ve profiled as most likely to be prospects – focusing and prioritizing to narrow down a wide list of leads
  • You focus on honing your elevator pitch
  • During interaction, you focus on finding pain points (waiting to offer solutions at a later time).

If that roughly resembles what you do, then please take note: all three of those benign-sounding activities share one trait – they’re all about you. They are not activities that put Dale Carnegie’s insight into practice. 

Trust-based Networking

What if you were to try something entirely different? For example:

  • You search and scan for pairs of people both of whom you know, but who don’t know each other – and who could each benefit from the introduction
  • You focus not on your elevator pitch, but on a really great question you’d like to know the answer to (better yet, ask the question in the form of a Risky Gift)
  • You focus not on pain points, but on being genuinely curious and seeking perspectives. 

Those are very different activities: they’re not self-focused, they’re other-focused. And, they are more likely to result in relationships and in interesting conversations. It is those relationships and conversations that result in true connections of interest – and before very long, in leads and business development conversations.

The “collateral benefit” of behaving this way is – leads and sales. In fact, more leads and more sales than if you go in with the usual self-centered approach of trying to get leads and sales directly. 

But the paradox must be respected: if you engage in these other-focused activities as mere fig-leaf cover for your true goal of getting more sales – it won’t work. We all see through such base motives. You actually have to commit to the alternative goal – that of helping others.  

A good test of whether you’re really committed is your choice of metrics: do you measure the result of networking by how many entries you generate for your CRM system? Or instead – by tracking how you’ve been able to benefit your new acquaintances. (Hint: what would Dale say?)

 

Learn much more about this strategy at our next Trust Matters webinar: Network Like a Trusted Advisor: Take the Work (and Stress) Out of It, January 29th (11AM EST) delivered by my partner and co-author of The Trusted Advisor Fieldbook, Andrea Howe, together with Stewart Hirsch, our head of business development and leadership coaching (and CEO of his firm Strategic Relationships). Sign up for the (free) webinar here.