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PROFESSIONAL SERVICES BUSINESS DEVELOPMENT AND MARKETING INSIGHTS

| less than a minute read

How to sell Professional Services? Harvard Business Review's 1966 advice still holds true today

This HBR article from 1966 is the first I have ever seen to have really analysed the psychology and processes behind the purchase of Professional Services. What exactly is the client looking for?

The piece that particularly interested me was around "determining the ability of the professional service firm to deal with a problem."

The two approaches are extrinsic and intrinsic.  

The Extrinsic approach (& I paraphrase) is - Our Firm is good because we have a unique approach, we all went to Harvard/ Cambridge and Apple/ Google used us - and look at them now!

The Intrinsic approach, by contrast, is to engage with the issues with the client and to get them to a point that they can purchase your services with a high degree of confidence.

The Intrinsic approach, a-hem, is hugely benefited by using highly relevant, timely, expert-led content to move your firm to a well-justified position of trust in your clients eyes.   

See below for the author's view on the merits of the two approaches...

Unfortunately, the extrinsic approach is all too often the way that professional services are sold and bought. At the same time, the value of the outstanding service organizations rests on those situations where their services have been purchased on intrinsic considerations.

Tags

content marketing, b2b marketing, professional services, hbr, goto, evergreen

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