301: How To Set Yourself Apart From The Other 500,000,000 Freelancers In The World | Part 2

6 Figure Creative Podcast
26 Mar 202424:27

Summary

TLDRIn this podcast episode, the host Brian Hood emphasizes the importance of differentiation for freelancers offering creative services. He argues that while passion is the starting point, it's crucial to identify and communicate what sets one apart from competitors. Hood outlines five 'Brute Force' differentiators: being better than competitors, having superior gear or facilities, being more efficient, having a larger network, and maintaining longevity in the industry. He advises against using price as a differentiator and stresses the need for freelancers to stand out through unique, tangible factors that add value for clients.

Takeaways

  • 🎯 Passion is the starting point for freelancing, but to succeed professionally, one must go beyond and consider additional important factors.
  • 💡 The cornerstone question for freelancers is 'Why should someone hire you instead of others offering similar creative services?' It's crucial to have a compelling answer.
  • 🚫 Lowering prices should not be a freelancer's strategy for differentiation; it's not a sustainable or effective way to attract clients.
  • 🌟 Differentiators should be apparent to potential clients before they hire you, not revealed only after the working relationship has begun.
  • 📌 Focus on one differentiator at a time to effectively stand out from the competition and not overwhelm yourself with too many strategies.
  • 🔨 Brute force differentiators include being better than competitors, having superior gear or facilities, being more efficient, having a larger network, and maintaining longevity in the industry.
  • 💼 Building a larger network through word of mouth, referrals, and community engagement can significantly impact a freelancer's success.
  • ⏱️ Being faster and more efficient in your work process can lead to competitive pricing and a strong differentiator in a crowded market.
  • 📈 Having a long-term presence and staying top of mind with potential clients can lead to more opportunities and hires over time.
  • 🛠️ Utilizing tools like CRM systems can help in staying organized and consistent with follow-ups, leading to increased client acquisition.

Q & A

  • What is the main focus of the Six Figure Creative Podcast?

    -The main focus of the Six Figure Creative Podcast is to help freelancers offering creative services to make more money without compromising their values or passion.

  • What is the significance of the custom neon sign mentioned in the podcast?

    -The custom neon sign signifies the importance of going beyond just passion in the freelancing profession. It serves as a reminder that success in freelancing requires more than just being passionate about one's work.

  • What is the 'Cornerstone question' that freelancers should be able to answer?

    -The 'Cornerstone question' is 'Why should someone hire you instead of all the other options they have?' It challenges freelancers to identify and communicate their unique value proposition to potential clients.

  • Why is it important for freelancers to have a good answer to the 'Cornerstone question'?

    -Having a good answer to the 'Cornerstone question' is crucial because it helps freelancers stand out from their competition. Without a clear differentiator, freelancers risk being overlooked in favor of others who can better articulate their unique value.

  • What are the three differentiation rules mentioned in the podcast?

    -The three differentiation rules are: 1) Lowering price will never be your differentiator, 2) Differentiators need to be apparent before they hire you, and 3) Choose one at a time to focus on.

  • Why should freelancers avoid using price as a differentiator?

    -Using price as a differentiator is discouraged because it can lead to a race to the bottom, where freelancers underbid each other, reducing their income and potentially devaluing their services.

  • What is the 'E8 framework' mentioned in the context of efficiency?

    -The 'E8 framework' stands for Eliminate, Automate, Delegate, and Mitigate. It is a strategy to improve efficiency by reducing or eliminating unnecessary tasks, automating processes, delegating tasks to others, and mitigating the impact of time-consuming activities.

  • How can freelancers expand their network and increase their surface area?

    -Freelancers can expand their network and increase their surface area by attending community events, social gatherings, and entrepreneurial meetups. They can also build a referral network with professionals offering different services to the same client base.

  • What is the significance of staying top of mind for a long time in the context of freelancing?

    -Staying top of mind for a long time ensures that freelancers remain in the consideration set of potential clients. Over time, they may become the only option that clients remember, increasing the likelihood of being hired once the need arises.

  • How can freelancers implement an effective follow-up process?

    -Freelancers can implement an effective follow-up process by using a CRM system to set reminders and structure their outreach. They should maintain consistent, non-intrusive communication with potential clients, providing value and checking in on their needs over an extended period.

Outlines

00:00

🎤 Introduction and the Importance of Differentiation

The podcast begins with host Brian Hood welcoming listeners, particularly freelancers offering creative services who aim to increase their income without compromising their integrity. He emphasizes the significance of differentiating oneself in a crowded market, posing the 'Cornerstone question': Why should someone hire you over others? Brian highlights that having a clear, compelling answer to this question is crucial for attracting clients and standing out from the competition.

05:00

📝 Differentiation Rules and Categories

Brian outlines three 'differentiation rules' for the episode: lowering price is not a valid differentiator, differentiators must be apparent before hiring, and focusing on one differentiator at a time. He introduces four categories of differentiators: Brute Force, Credibility & Trust, Specialization, and Goldilocks Pricing. Each category is briefly explained, setting the stage for a deeper dive into each in the series.

10:02

💪 Brute Force Differentiators: Effort and Investment

The first category of differentiators discussed is Brute Force, which involves significant effort, energy, and sometimes money. Brian explains that being the best in one's field or having superior gear and facilities can be differentiators, but they come with challenges such as high costs and increased competition. He also touches on the importance of efficiency and network building, emphasizing that these factors can significantly impact a freelancer's success.

15:02

🚀 Enhancing Efficiency and Client Delivery

Brian delves into the third Brute Force differentiator: being faster and more efficient. He discusses the importance of managing client expectations and pricing strategies, suggesting the E8 framework (eliminate, automate, delegate, and mitigate) to improve efficiency. By enhancing these aspects, freelancers can offer competitive pricing without sacrificing their income, thus differentiating themselves in the market.

20:03

🌐 Network and Longevity as Differentiators

The final Brute Force differentiator is having a larger network, which can lead to more referrals and clients. Brian also discusses the power of longevity, sharing his personal experience of following up with potential clients over 18 months, which ultimately led to success. He emphasizes the importance of staying top of mind and maintaining long-term relationships with clients to ensure a steady stream of work.

Mindmap

Keywords

💡Freelancer

A freelancer is an individual who is self-employed and not necessarily affiliated with any specific company, offering creative services on a project or contract basis. In the context of the video, freelancers are the target audience, and the discussion revolves around strategies for them to differentiate themselves in the market and succeed financially without compromising their integrity.

💡Differentiation

Differentiation refers to the process of distinguishing oneself or one's services from others in a way that is appealing to potential clients. It is a key concept in the video, where the host discusses the importance of freelancers having a clear and compelling reason for clients to choose them over others.

💡Passion

Passion is a strong feeling of enthusiasm or excitement for something. In the video, it is highlighted as the starting point for many freelancers who transition from being hobbyists to professionals by monetizing their passion and turning it into a business.

💡Epiphany

An epiphany is a sudden, profound realization or insight. In the video, the host shares a personal anecdote of having an epiphany during a walk, leading to the creation of a custom neon sign with the phrase 'It takes more than passion', symbolizing the realization that success in freelancing requires more than just passion.

💡Client Experience

Client experience refers to the overall impression and satisfaction a client has when interacting with a service provider. In the context of the video, the host challenges freelancers to provide a superior client experience as a differentiator, but also cautions that this is often discovered after the client has already hired the freelancer.

💡Portfolio

A portfolio is a collection of a freelancer's work that showcases their skills, accomplishments, and expertise. In the video, the host discusses the importance of having a strong portfolio as a means of demonstrating one's capabilities to potential clients, but also notes that a portfolio alone may not be enough to set a freelancer apart from the competition.

💡Pricing

Pricing refers to the process of determining the cost at which a freelancer's services are offered to clients. The video emphasizes that lowering prices should not be a freelancer's strategy for differentiation, as it can lead to a race to the bottom and devaluation of their work.

💡Referral Network

A referral network consists of individuals or businesses that recommend or send clients to a service provider. In the video, the host highlights the importance of having a large referral network as a powerful differentiator, as it can lead to more opportunities and clients through word-of-mouth and strategic partnerships.

💡Efficiency

Efficiency refers to the ability to produce the maximum output from the minimum input, or to achieve a goal with the least waste of time, effort, or resources. In the video, the host encourages freelancers to be more efficient in their work processes as a means of differentiating themselves, which can lead to competitive pricing and faster delivery times.

💡Longevity

Longevity in the context of the video refers to the ability of a freelancer to remain relevant and top-of-mind with potential clients over an extended period. It suggests that by consistently following up and maintaining contact, a freelancer can become the go-to choice when a client is ready to hire.

Highlights

The podcast is aimed at freelancers offering creative services who want to make more money without compromising their integrity.

The host emphasizes that passion is the starting point for freelancing, but it's not enough to sustain a business.

Freelancers need to identify their unique differentiators to stand out from the competition.

The 'Cornerstone question' is critical for freelancers to answer: 'Why should someone hire you instead of all the other options?'

Differentiators should be apparent before a client hires you, not discovered after the fact.

Lowering your price is not a sustainable differentiator and is discouraged.

Freelancers should focus on one differentiator at a time to avoid spreading efforts too thin.

Brute Force differentiators involve significant effort, energy, and sometimes money to achieve.

Being the best at your craft is a common but challenging differentiator to achieve.

Investing in better or more expensive gear and facilities can set you apart in gear-centric industries.

Efficiency in delivery can be a powerful differentiator, especially in competitive markets.

Having a larger network can lead to more referrals and clients through word of mouth.

Longevity in the industry can give you an advantage by staying top of mind for clients over time.

The host shares personal strategies for staying top of mind, such as consistent follow-ups over 18 months.

Differentiation is less important without awareness; clients must first know you exist.

The podcast offers coaching services to help freelancers build a sustainable client acquisition system.

Transcripts

play00:00

hello and welcome to the six figure

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creative podcast I am your host Brian

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Hood if this is your first time

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listening to the show first of all so

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glad to have you here welcome I'm two

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hand waving if you're watching on

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YouTube I don't know why this podcast is

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for you if you are a freelancer you

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offer creative services and you want to

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make more money from those creative

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skills without selling your soul if that

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sounds like you you're in the right spot

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from my returning listeners this is a

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continuation of the series we started

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last week now you don't really have to

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go back and listen to that episode if

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you're new or you missed last week this

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episode will Standalone value all in

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itself but I want to kind of back up a

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little bit and set the stage for what

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we're going to talk about today because

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this is something that every single

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person listening to the show should

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absolutely be thinking about it should

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be top of mind for you right now this

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should be a burning pain for you right

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now and I'm going to back up and say the

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sign behind me says it takes more than

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passion pointing at it back behind me

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it's this custom little neon sign I made

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I spent like $1,000 Dollar on it I think

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maybe 6 or 800 maybe a thousand I don't

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remember I spent a lot of money on it

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because I had like one of those Epiphany

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moments where I was just on a walk and I

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was thinking through people that listen

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to this show I'm thinking through what

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is like the universal message that I

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want to send to anyone that listen to

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this show and that phrase just came into

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my mind because so many of us came into

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this profession freelancing by accident

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we were passionate about something and

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we started realizing we can monetize it

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in some way and then we started getting

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a few clients and then it became maybe

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more than just a hobby it became an

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actual side gig or side hustle and then

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it became maybe even a full-time thing

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for some people and then became a

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legitimate business and maybe you have

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Freelancers to work under you becoming

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more of an agency the path can go so

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many different directions but it all

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starts with passion we are passionate

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about something but it doesn't end there

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so the second we decide to become a

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professional freelancer AKA we're

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accepting money for our services now we

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have so many other things that we need

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to think about and one of those very

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important things probably one of the

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most important things that you should be

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thinking about right now a thing that

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should be top of Mind burning pain for

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you right now if you don't have an

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answer for this is answering this

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question we call it the Cornerstone

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question you've heard me talk about this

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on the show if you're a longtime

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listener to this podcast but it's having

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a great answer for the Cornerstone

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question of why should someone hire you

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instead of all the other options that

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they have it doesn't matter what you do

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if you were offering creative Services

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freelance services for money then most

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of the time 99.99% of the time there are

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other options out there besides you so

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if you're a music producer there are

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other music producers if you're a

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graphic designer there are other graphic

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designers if you're a videographer there

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are other videographers if you're a

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copyri there's other copywriters if

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you're an illustrator there's other

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illustrators if you're a photographer

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there's other photographers out there so

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why should they hire you instead of all

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the other people that are out there I'll

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pause and let you think about that for

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just like 5

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Seconds now do you have a good answer

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for that CH are if you're like most

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people that I've ever talked to about

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this they do not have a great answer for

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this you'll have some surface level

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things I have the great customer

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experience or we have a great portfolio

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or our quality is better than everyone

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else and those might be true but if you

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can't point to specific things specific

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differentiators very tangible things

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many of them very measurable things if

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you can't point to those immediately and

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say that's what separates me then I

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guarantee your clients or actually the

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people that are not your clients your

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leads your potential clients prospects

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all those other people out there you

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want to hire you they don't have an

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answer for that either for why they

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should hire you over all their other

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options and so you lose the gig they go

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with someone else for various reasons

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pricing whatever your leads those people

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you want to hire you they will always

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know less about you than you do so if

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you do not know this about yourself what

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your differentiators are guaranteed that

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they don't know them either and even if

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you do know them doesn't mean that they

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know them either because you may not be

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communicating those differentiators to

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them so this episode we'll talk through

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a bunch of differentiators help you find

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an answer for that Cor own question a

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way to actually be different and then

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maybe not this episode but maybe a

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future episode we'll talk about how we

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actually communicate that to our clients

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so that they do know because it's one

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thing for you to know complet different

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thing for them to know but it starts

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with you knowing first what those

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differentiators are so that you can have

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a true reason for them to hire you over

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their other options and that's what we

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all want starts with passion we got

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really passionate about this but we have

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to have a reason for them to hire us

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above and beyond just the shoulder

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shrugging uh you know we have best

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customer experience so for this episode

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I got a few rules I don't have a name

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for this I could probably come up with a

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name but our differentiation rules we

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got three of them to follow right now

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for this episode rule number one is

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lowering price will never be your

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differentiator I want no one listening

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to this podcast no one watching this on

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YouTube I want none of you to use price

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as a differentiator we're not coming

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down on a price to get a client we're

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not advertising discounts coupon codes

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any of that crap to get clients that is

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a poor person's game to get in clients

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we don't want that we don't do that

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we're not talking about that we're not

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teaching that I don't advocate for that

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you won't do that either because you

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listen to show and you're smarter than

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the other people rule number two

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differentiators need to be apparent

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before they hire you so you saying you

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have a better client experience you're

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more likable people like you more you

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just really gel well with your clients

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that's all things they find out after

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they hire you in most cases not all

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cases but in most cases so the

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differentiators I'm talking about in

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this episode and the differentiators you

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really need to focus your time effort

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and energy on are those that are

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apparent before they ever exchange their

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money to you if they don't find out till

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after they handed you the money that's

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not what we're going to work on today

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that's not what you're going to focus on

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when it comes to answering your

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Cornerstone question rule number three

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is just choose one at a time to focus on

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I'm going to cover a lot of different

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shads in this episode I got four

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different categories to cover and so

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this might be a bit of an info dump and

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maybe I even have to split this in

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multiple episodes or maybe we have to do

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some follow-up episodes on this because

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this is a series by the way but the rule

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is choose one and focus on it for now we

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can stack them over time but not all of

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these are created equal some of these

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will take days to implement some of

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these will take years to implement some

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of them will keep you booked solid for

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life and some will only give you a

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slight Edge so it's up to you to decide

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depending on your Niche depend on what

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you gravitate towards I don't even use

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all these by the way all these

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differenti I'm talking about I don't use

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them currently I had never have and some

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of these but it doesn't mean they're any

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less valuable just because I don't use

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them doesn't mean they are not a valid

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valuable differentiator I do have a lot

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of these and I have used a lot of these

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but everyone gravitates naturally to

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certain areas and you really only need a

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couple real differentiators to stand out

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from your competition or your

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competitors and even if you are the type

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of person that says there are no

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competitors there are only collaborators

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sure that sounds good like on a bumper

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sticker or something but realistically

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if you don't get hired someone else does

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and if someone else gets hired you won't

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so you do have competitors doesn't mean

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you can't be friends with them doesn't

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mean you can't exchange leads or refer

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clients to each other occasionally but

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you still have competitors again not to

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be rude with each other but just saying

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truly you do have competition at a

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certain point we have to be different

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from the people around us if we want to

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get the clients so let's talk about the

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four categories I'm going to dive into

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these and we'll get as far as we can in

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this episode I'll probably get through

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all of them but we'll see the first

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grouping of differentiators is Brute

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Force differentiators is just pure

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effort and energy and sometimes money to

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differentiate hard but possible the

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second category is credibility trust

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that whole kind of umbrella of

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differentiators the third is

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specialization talk more about that

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that's a huge one that's one of my

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favorites the fourth is goldilock

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pricing and things around pricing again

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lower rates are not the differentiator

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but pricing does come into this

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especially if you're working with broke

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clients which is what my background is

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in music production working with broke

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clients that worked at Taco Bell so

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let's start at category number one Brute

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Force differentiators and I'll start

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with the hardest here the most common

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the one that you probably answered if

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you had an answer to the Cornerstone

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question at the beginning of the episode

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where I paused for a few seconds to let

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you answer to yourself what your

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differentiator is it is just be better

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than the competition be better than the

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other people portfolio quality your

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skills as a freelancer your talent as a

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designer music producer whatever you do

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you're just the best or at least the

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best in your immediate area or in your

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circle of competitors this is the most

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common differentiator people try to

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strive towards and it is by far the most

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difficult to achieve someone will always

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be better than you and many times those

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people who are naturally more talented

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to you and naturally better than you who

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work less hard to get further ahead of

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you in the creative space as far as the

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talent side of things those people are

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also rarely the most sophisticated

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business owner so what you'll find is a

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lot of times those people will do things

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that make it really hard for you to

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compete they won't charge what they

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should charge and so you see that this

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person who's better than you charges

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lower rates and so now you're knocking

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down your rates even though you

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shouldn't or they won't have boundaries

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with their clients so they let the

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clients walk all over them so you feel

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like you should do the same if that

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person's better than me and they do that

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I need to now do that or what's even

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worse H this is the whole point of this

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podcast the sixf figure creative exists

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for this reason the worst thing is when

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you look to those people who were better

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than you and you use them as a model for

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how you should run your business and

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that model is utterly and completely

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flawed other than being the best at

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their talent nothing else about them

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should be emulated so the whole point of

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this podcast is throw Talent away as a

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differentiator for now assume that you

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are good enough with your current

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creative skills and let's work on all

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those other skills we call it the full

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stack freelancer we have a whole series

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on this if you want to check out that

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series it's episode 235 and 236 the

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first episode of that series is called

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why you don't need to be a better

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creative in 2023 full stack freelancer

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part one so while this is a huge

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differentiator if you can truly achieve

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it be the best this is not the one we're

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going to focus on doesn't mean you don't

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improve your skill set doesn't mean you

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don't get better at your skill set but

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it does mean that there's likely a

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laundry list of other things that you

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need need to focus your time effort

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energy and attention on that will get

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you much better returns because the

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better you get that law of diminishing

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returns creeps up I work harder to get

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1% better that 1% better takes me 10

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times longer next time to achieve so the

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next 1% better takes 10 times longer I

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get 1% better and now all your time is

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spent just getting that 1% bump that

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your clients cannot perceive listen to

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that series if this sounds like

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something that you struggle with but

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that's brute force method number one for

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differentiation is just be the best or

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at least be better than your competitors

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Force differentiator number two is have

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better or more expensive gear facilities

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this is one of my favorites coming from

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the music production background where

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the big thing to do would be get a

play09:39

massive loan or get investors this is

play09:41

like the old school recording studio

play09:42

days on Music Row in Nashville and some

play09:43

of the other studios around here you get

play09:45

millions of dollars together through

play09:46

some way and you buy a bunch of gear

play09:49

have a big expensive buildout and you

play09:51

have an overhead and bills to match but

play09:53

that is a true differentiator have

play09:55

bigger better facilities have the best

play09:57

similar to the skill side of things but

play10:00

it's way more Brute Force so it's just

play10:01

money just put money towards it have the

play10:04

best gear have the best room facilities

play10:06

again this is very common in the

play10:07

recording studio world it's also pretty

play10:09

common in the video videography World

play10:11

photography can kind of be like that but

play10:13

this is more in like gear Centric niches

play10:15

so this isn't everyone I don't know of a

play10:17

designer that I'm looking at their gear

play10:19

list thinking oh that Designer is the

play10:20

one because of their gear because of

play10:22

their Cool vibe in their office that

play10:24

stuff's cool to have obviously but it's

play10:26

not what I'm talking about here so this

play10:27

is really for my gear lust people out

play10:29

there this is a way to differentiate the

play10:31

problem again every single time you

play10:32

spend a dime or a dollar or a $100,000

play10:35

on gear it increases your overhead

play10:38

meaning you have loans that you have to

play10:39

pay now now you have to make more to

play10:42

keep the same and that was the reality

play10:43

when I was coming up as a upstart home

play10:45

studio where I had less than $20,000

play10:48

worth of gear and I was competing

play10:51

against people with multi-million dollar

play10:53

Studios and I was beating them out and

play10:55

the reason being is when I had lower

play10:57

overhead I could charge a much lower

play10:59

rate I wasn't pricing based on low rates

play11:02

it was just realistically I charged a

play11:04

rate that was fair and highly profitable

play11:06

for me but because they had such high

play11:08

overhead and bills associated with their

play11:09

Studios they had to charge way more if

play11:12

they charge what I charged they would

play11:13

make no money on the flip side you might

play11:15

say what if I buy everything with cash I

play11:17

bootstrap it I don't get loans I don't

play11:19

get investors I don't have to charge as

play11:20

much because I am reinvesting into my

play11:22

own business that's the same problem

play11:24

whenever you are bootstrapping you that

play11:26

means you are taking your profit and

play11:27

just reinvesting it back in the business

play11:29

which me you take home less money and if

play11:30

you're like most people you have bills

play11:32

to pay you have mouths to feed you have

play11:34

life to live and so now you are

play11:37

depriving yourself of that in order to

play11:39

reinvest into a business and beyond that

play11:41

there's also opportunity cost so all

play11:43

that money you're reinvesting in your

play11:44

business could be earning money

play11:46

elsewhere so if you have $100,000

play11:48

invested in your business or a million

play11:49

dollar invested in your business what

play11:50

could that get out in the Market 7 to

play11:52

10% returns when you factor that in to

play11:54

what you could be earning passively it

play11:57

doesn't add up not for many people now

play11:58

there may be some examples out there

play12:00

that make sense but I would prefer this

play12:02

not to be your differentiator as better

play12:03

gears and facility there's a threshold

play12:05

in every industry and every Niche where

play12:07

this amount of quality is the

play12:09

expectation and every 1% beyond that

play12:11

just like your skill set every 1% beyond

play12:13

that is perceived by less and less

play12:15

people as an improvement so you need to

play12:18

look at your client's expectations what

play12:20

is the expectation of quality what is

play12:21

the expectation of the end result not

play12:23

how we got there the end result and buy

play12:25

gear and facilities and have your build

play12:27

out for things according to that Ro

play12:29

Force differentiator number three is to

play12:31

simply be faster faster or more

play12:33

efficient put these one in the same and

play12:35

this is one where we're starting to get

play12:36

into the realm of what I call reality

play12:38

this one is highly valuable for those of

play12:40

you who are in very competitive bloody

play12:42

red niches where there's tons of

play12:44

competitors that are out there or a

play12:46

niches where people are just very money

play12:48

conscious AKA broke and I was working

play12:50

with a client on this exact issue when

play12:52

we looked at his packaging and we did

play12:54

the math on like how long it takes to

play12:55

fulfill on this we kind of reverse

play12:57

Engineers based on what he wants to earn

play12:59

we take the client value completely out

play13:00

of the equation for this specific

play13:02

exercise we're just saying what do you

play13:04

want to deliver to the client what do

play13:06

you want to earn how many hours does it

play13:07

take to fulfill and what does that mean

play13:09

you have to charge in order to get there

play13:10

wonderful exercise the problem is when

play13:12

that number is way above the value of

play13:14

what you're giving your client meaning

play13:16

it's way out of their budget or it's way

play13:17

outside of what other people are

play13:19

charging unrealistic and once I dove

play13:21

into it with the client we realized a

play13:22

couple things the first is he was

play13:24

offering things that he shouldn't be

play13:26

offering and that was driving up the

play13:28

price thing number two two is he was

play13:29

taking longer than other people were

play13:31

taking which was driving up the price

play13:33

and when you're offering things that you

play13:35

shouldn't be offering and you are taking

play13:38

longer than you should be taking you are

play13:39

passing that inefficiency off to your

play13:42

client and the client then does not want

play13:44

to pay that because other people are

play13:46

doing it for cheaper this is where

play13:48

pricing differentiation makes sense and

play13:50

it's not that we're lowering our rates

play13:52

in order to stand out we're not just oh

play13:53

I'll charge less and take the hit

play13:55

personally no this is a very calculated

play13:57

approach we are looking at how how can

play13:59

we become more efficient in our delivery

play14:01

so that we are more competitive in our

play14:03

pricing I'll talk about gold Delux

play14:04

pricing in a later section but this is a

play14:06

really important point we call it the

play14:07

easy8 we have a whole episode on this

play14:09

back on episode 216 how to spend less

play14:11

time doing the stuff you hate the easy8

play14:13

framework this isn't just doing stuff

play14:15

you hate less it's just being more

play14:17

efficient overall the E8 is a few

play14:19

different things it is eliminate

play14:21

automate delegate mitigate it's those

play14:23

four things and so when we looked at his

play14:25

entire delivery every single line item

play14:28

that he did with this client what he was

play14:29

trying to offer people and we put it

play14:31

through that framework we found things

play14:33

that we could eliminate from the entire

play14:35

thing which drove down costs without

play14:37

hurting his hourly pay we found things

play14:39

that we can automate to reduce the

play14:40

amount of time for delivery which means

play14:42

we could lower the rates and pass those

play14:43

savings on to his clients without

play14:44

hurting his rates we found things that

play14:46

we could delegate to somebody for much

play14:48

lower fee than he's charging clients

play14:50

meaning he can either pass that on to

play14:52

his clients or he can profit the

play14:53

difference between what he's paying the

play14:54

contractor and what he's charging the

play14:56

client either one as long as he has

play14:58

margin he can do one of the other but in

play14:59

this case because he was still above

play15:02

what the market would say is valid for

play15:04

his offer and his Niche we could again

play15:06

pass those savings off to the client to

play15:07

become more competitive and then we

play15:09

found things that we could mitigate that

play15:11

just means lessen the impact of spend

play15:13

less time doing something and there were

play15:14

a few areas where we just found that he

play15:16

was taking way too much time doing

play15:17

certain tasks or doing certain things

play15:19

where something as simple as a tomato

play15:20

timer or pomodora technique where you

play15:22

have a certain set amount of time to do

play15:24

tasks sped him up drastically I forget

play15:26

the name of the law but the law is

play15:27

something like however much time you

play15:29

give something you will fill that whole

play15:30

amount of time so if you have a day to

play15:31

do a thing you will take that entire day

play15:33

to do it if you make yourself do it in

play15:35

an hour if you give yourself one hour to

play15:36

do it you will find a way to get it done

play15:37

in an hour there are obviously limits to

play15:39

that but when you just have when you

play15:41

just give yourself as much time to do

play15:42

something without any real structure or

play15:44

limitations in place you would take way

play15:45

longer than you would if you just put

play15:47

some real limitations on that so that is

play15:49

an example of just being faster being

play15:50

more efficient using the E8 framework E8

play15:53

is Ates if you didn't get that automate

play15:55

delegate mitigate eliminate but using

play15:57

that to be able to drive down price a

play15:59

bit to be more competitive without

play16:00

hurting your pay and beyond that using

play16:03

this exact same framework can help with

play16:04

a lot of things it can help with

play16:06

speeding up responses to clients it can

play16:07

help with getting through revisions

play16:09

faster it can help with the overall

play16:10

delivery process being faster all these

play16:12

things are differentiators but the

play16:13

biggest differentiator is on delivery

play16:15

because that's going to affect pricing

play16:17

and rates that you have to charge and

play16:19

every single thing that you do above and

play16:21

beyond what is the norm for your

play16:23

industry is an additional dollar or 50

play16:25

or 100 or a th000 that you have to

play16:27

charge on your package or your pricing

play16:29

that the clients may or may not be

play16:30

willing to pay do not make your clients

play16:32

pay for your inefficiency that's the

play16:33

bottom line here best differentiator

play16:35

number three in brute force

play16:36

differentiators is be faster be more

play16:38

efficient Brute Force differentiator

play16:40

number four is have a bigger Network

play16:43

this is a real differentiator when you

play16:45

think about how most Freelancers get

play16:47

clients it is Word of Mouth referrals

play16:49

and repeat clients and how do we get

play16:51

Word of Mouth referrals first having a

play16:52

big Client List because your clients

play16:53

will refer others to you but the other

play16:55

side of things which is the Brute Force

play16:56

side is just having a bigger Network

play16:58

some of the most successful Freelancers

play16:59

I know are just naturally outgoing

play17:01

people they've developed a wide Network

play17:03

a big Network so they hang out with more

play17:05

friends they do more social events they

play17:07

are seen by others and they see others

play17:09

they attend like community events I know

play17:11

a lot of Freelancers especially in the

play17:12

B2B space where they're going out to

play17:15

like events happening in the

play17:16

entrepreneurial space makes sense as a

play17:18

freelancer who's a business owner trying

play17:20

to work with other business owners go

play17:21

hang out of those community events or

play17:23

three build a full referral Network a

play17:25

referral network if you need a refresher

play17:27

is the people that are serving the same

play17:29

client that offer different Services

play17:30

than you for example in my space in the

play17:32

music production space I might be a

play17:34

mixing engineer but I'm not mastering

play17:36

music so I might have a mastering

play17:37

engineer as part of my referral Circle

play17:39

we'll refer clients back and forth to

play17:40

each other we might have a videographer

play17:42

who does music videos for people in my

play17:43

Niche which my background is in heavy

play17:45

metal production so we'd find

play17:46

videographers who match that visual

play17:48

style that heavy metal bands or

play17:50

Deathcore bands would want so that would

play17:51

be part of the referral Circle an

play17:52

entertainment lawyer a booking agent

play17:55

band manager all these people serve the

play17:57

same types of clients especially if you

play17:59

are hyper niched but this is what we

play18:00

call increasing your surface area the

play18:02

bigger our surface area the more bats we

play18:04

have as a freelancer the more a name is

play18:06

thrown around out there from different

play18:07

people the mistake many Freelancers make

play18:09

is we stay in our hole our very close

play18:11

Circle our family and then we spend time

play18:14

in a cave doing creative tasks we don't

play18:16

grow our Network we don't expand our

play18:18

surface area our reach as a freelancer

play18:20

so it makes sense when the feast seasons

play18:22

are very short and the famine seasons

play18:24

are very long so that's Brute Force

play18:26

differentiator number four is actually

play18:28

building out a larger Network it takes

play18:30

time it takes energy it's hard to do it

play18:31

is Brute Force but it is a true

play18:33

differentiator because in many cases

play18:35

someone looking for referral or someone

play18:37

who gets a referral you might be the

play18:38

only person they're talking to or

play18:39

looking at so just by the sheer fact

play18:41

that you were referred that is a

play18:43

differentiator because there's no

play18:44

competition and brute force method

play18:46

number five my final brute force method

play18:48

here is longevity another way of saying

play18:50

that is just staying top of mind for

play18:51

longer this is one of my favorites for

play18:53

my entire career one of my favorites I

play18:56

have followed up with potential clients

play18:58

for for somewhere around 18 months I

play19:00

followed up for 18 months consistently

play19:03

with somebody it wasn't like I'm just

play19:04

emailing them endlessly for 18 months

play19:06

straight begging them to work with me

play19:08

it's just like a very structured with

play19:10

reminders in place using a CRM reaching

play19:12

out catching up seeing what's new seeing

play19:15

if they have any updates sending a

play19:17

reminder reach out a month or two and

play19:19

repeat for 18 months until I got the gig

play19:21

and the way this is a differentiator is

play19:23

that although they may have had four or

play19:25

five or 10 options for people they're

play19:27

going to hire at the very beginning

play19:28

beginning of that process I can

play19:30

guarantee you I was the only person left

play19:33

talking to them after 18 months no one

play19:35

else is still following up no one else

play19:36

is shown even remote interest I was the

play19:38

only one that is a true differentiat it

play19:40

takes time it takes systems it takes

play19:41

process you got to have a CRM you got

play19:42

have reminders all these things you got

play19:43

to know what to say you got know how to

play19:44

say it you got to have the right

play19:45

attitude the right tonality you got to

play19:47

not come across as needy but the longer

play19:49

you can stay top of mind the more

play19:50

clients you will get guaranteed 100%

play19:53

there are a few hundred% in life but

play19:54

that is one of them the longer you can

play19:56

stay top of mind the more longevity you

play19:58

have as a free freelancer and I guess

play19:59

longevity goes more than just top of

play20:01

mind when you think about it because

play20:02

Freelancers who have been around a long

play20:04

time naturally have a larger client pool

play20:06

they naturally have more repeat clients

play20:08

more referrals from their client poll so

play20:09

longevity goes both ways but in this

play20:11

instance I'm really just talking about

play20:12

when it comes to Brute Force staying top

play20:14

of mind for a long time now if you want

play20:16

more on this if this is something you're

play20:18

interested in it's one of the ones

play20:19

you're going to focus on right now the

play20:20

follow-up side of things go check out

play20:22

287 it's called the follow-up process

play20:25

that helped me double my freelance

play20:26

business came out back in December 19th

play20:28

it's not too long ago end of last year

play20:30

in that episode I talk about how half of

play20:32

my income came from follow-ups where if

play20:34

I didn't follow up I just lost half my

play20:36

income literally I essentially double my

play20:38

income by following up and then the

play20:40

other interesting stat from that episode

play20:42

is about 20% of my income came from

play20:44

followup for a grader so if I stopped at

play20:46

follow-up number three I was missing out

play20:48

on 20% of my income so that's a

play20:50

difference between $100,000 a year and

play20:52

$120,000 a year I will keep following up

play20:54

for that extra 20 grand this is one of

play20:56

those like it feels like a lot of work

play20:57

but it's not you just need a CRM most

play21:00

crms are like 100 bucks a month or less

play21:02

some are as low as 25 30 bucks a month

play21:05

at least the good ones are when you do

play21:06

the math there depending on what your

play21:07

income level is if you're already

play21:08

earning 50 60 70 $80,000 a year and you

play21:11

say I'm going to spend an extra 500 600

play21:13

bucks a year on a CRM because that's

play21:15

what's going to help you stay top of

play21:17

Mind Set reminders and do manual

play21:19

follow-ups you're not automating

play21:20

follow-up like this one to one reach out

play21:22

it might take you an hour a month of

play21:23

extra time so 12 hours a year and 600

play21:26

bucks a year to make an extra 20 $30,000

play21:29

a year that's a pretty good trade-off to

play21:30

me or for some of you who are doing no

play21:32

followup to make an extra 50 $60,000 a

play21:34

year with 12 hours a year and about 600

play21:36

bucks a year that's a good trade-off so

play21:38

those are the five brute force

play21:40

differentiators from this list just to

play21:42

kind of recap those it's be better than

play21:43

the competition your portfolio quality

play21:45

possible but hard but chances are

play21:47

someone will always be better than you

play21:48

number two is have better or more

play21:50

expensive gear facilities this is for my

play21:53

my recording studio people out there

play21:54

this is for my just my gear hoarders

play21:57

gear Hoarders videographers that are out

play21:59

there some camera people like

play22:01

photographers this is very expensive to

play22:02

do and can lead to opportunity cost of

play22:05

being able to invest that in better

play22:07

asset classes or opportunity cost where

play22:10

you have now accumulated a bunch of debt

play22:12

and now you have a higher overhead and

play22:14

feas or famine gets real tough when you

play22:16

have a lot of overhead the third

play22:17

differentiator brute force

play22:18

differentiator was just be faster and

play22:20

more efficient than your competitors

play22:21

this one's a little easier a little more

play22:22

manageable all these are difficult by

play22:23

the way root force is through sheer will

play22:25

and determination number four is just to

play22:27

have a bigger Network so you have more

play22:29

at bats more opportunities more surface

play22:31

area as a freelancer and number five is

play22:33

staying top of mind for longer longevity

play22:35

be the only person still talking to

play22:36

somebody after 18 months when they first

play22:38

initially reached out I think I'm going

play22:39

to wrap this episode up there we're

play22:40

getting kind of lengthy here and I've

play22:41

just got so much more to cover we've got

play22:43

three more categories to talk through

play22:44

I'll try to knock out all of them next

play22:45

week's episode but we'll see how far we

play22:47

get but this is a big topic and I want

play22:48

to make sure we do this Justice I don't

play22:50

want to Breeze through stuff I want to

play22:51

be able to sit and talk about it because

play22:53

it's my show and I get to do whatever I

play22:54

want if you hate me let me know now one

play22:57

thing before you go if if you are

play22:58

working in a vacuum you're that person

play23:00

that's sing in a dark cave AKA vacuum

play23:02

the vacuum of space and trying to make

play23:04

decisions like this and determine what

play23:06

is the one thing I should be working on

play23:07

what is my differentiator we're more

play23:09

than happy to help you with all this

play23:10

stuff but here's the thing

play23:11

differentiation really only matters when

play23:13

you have opportunities usually after

play23:15

you've gained someone's awareness they

play23:17

have heard of you they know you exist

play23:18

and now they're going to look at what

play23:19

are the differentiators for this person

play23:21

for this specific freelancer and what I

play23:23

found time and time again is most

play23:25

Freelancers number one struggle is

play23:27

awareness that they even exist

play23:29

so if they don't even know you exist you

play23:30

can be the best on Earth you can have

play23:32

all the differentiation categories

play23:34

ticked off and you have a wonderful

play23:35

answer to your Cornerstone question of

play23:37

why should someone hire you instead of

play23:38

everyone else but if no one knows you

play23:39

exist doesn't matter so if you want our

play23:41

help differentiating any you want our

play23:43

help building awareness and building

play23:44

what we call a client acquisition

play23:45

machine or a real actual sustainable

play23:47

client acquisition system for your

play23:49

business consider working with us we

play23:51

will put together a full road map or a

play23:52

full marketing plan for you we will

play23:54

literally pitch it to you and only if

play23:56

you approve it we will work together

play23:57

one-on-one to coach you through

play23:59

implementing every single element in

play24:00

that road map if you reject it we part

play24:01

ways you got no skin in the game but I

play24:03

encourage you to at least see what we

play24:05

would do with you go to sixf figure

play24:06

creative.com coaching fill out the short

play24:08

application there if it's a good fit

play24:10

we'll chat and the whole goal of this is

play24:11

to build a sustainable client

play24:13

acquisition system for your business and

play24:14

then all along the way spot those

play24:16

opportunities for differentiation and

play24:17

Implement those again the link is

play24:19

6figure creative.com coaching if you

play24:21

want to apply for that I'll see you all

play24:23

next week where we'll continue our

play24:25

differentiation series

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Etiquetas Relacionadas
FreelancingCreativityDifferentiationClientAcquisitionBusinessGrowthEfficiencyNetworkingLongevityGearInvestment
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