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	<title>Solo PR Pro &#124; Successful Freelance PR Consulting &#187; financial</title>
	<atom:link href="http://soloprpro.com/tag/financial/feed/" rel="self" type="application/rss+xml" />
	<link>http://soloprpro.com</link>
	<description>Resources on how to become and remain a successful freelance PR consultant</description>
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		<title>Blogger Outreach &amp; Earning What You&#8217;re Worth</title>
		<link>http://soloprpro.com/blogger-outreach-earning-what-youre-worth/</link>
		<comments>http://soloprpro.com/blogger-outreach-earning-what-youre-worth/#comments</comments>
		<pubDate>Thu, 08 Sep 2011 12:30:32 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Chats]]></category>
		<category><![CDATA[PR Updates]]></category>
		<category><![CDATA[#solopr]]></category>
		<category><![CDATA[blogger relations]]></category>
		<category><![CDATA[fees]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[pr]]></category>

		<guid isPermaLink="false">http://soloprpro.com/?p=2406</guid>
		<description><![CDATA[During the September 7 #solopr Twitter chat, independent PR pros shared insight on blogger outreach strategy and getting paid what you&#8217;re worth. The following questions helped guide the conversation: 1. A major PR firm recently lured food bloggers to an &#8220;exclusive supper club&#8221; and fed them frozen food http://bit.ly/nUkMvv Is it ever OK to do [...]]]></description>
			<content:encoded><![CDATA[<p>During the September 7 #solopr Twitter chat, independent PR pros shared  insight on blogger outreach strategy and getting paid what you&#8217;re worth. The following questions helped  guide the conversation:</p>
<p>1. A major PR firm recently lured food bloggers to an &#8220;exclusive supper club&#8221; and fed them frozen food <a title="http://jacquelinechurch.com/ldg/2114-transparency-ethics-and-lasagna-how-ketchums-fake-dinner-backfired-/" rel="nofollow" href="http://t.co/ZdoMo5r" target="_blank">http://bit.ly/nUkMvv</a> Is it ever OK to do something like this? Did they just misread their audience?  <a title="#solopr" rel="nofollow" href="http://twitter.com/#%21/search?q=%23solopr">#solopr</a></p>
<p>2. If you feel like you&#8217;re working too hard &amp; not getting paid, what can you do? <a title="#solopr" rel="nofollow" href="http://twitter.com/#%21/search?q=%23solopr">#solopr</a></p>
<p>Be sure to check out the<a href="../wp-content/uploads/2011/08/SoloPR-Transcript-8-24.pdf" target="_blank"> </a><a href="http://soloprpro.com/wp-content/uploads/2011/09/SoloPR-Transcript-9-7-11.pdf" target="_blank">transcript in PDF for the full discussion.</a> Note that the transcript is in reverse chronological order.</p>
<p>If you weren’t able to join us this week, please let us know how you’d respond to the chat questions below!</p>
<p><em>The #solopr chat – held each Wednesday from 1-2 p.m. Eastern – is           a weekly ritual for some of the most savvy Solo PR Pros on      Twitter.      Anyone with a Twitter account is welcome to participate –      see </em><a href="../join-us-for-the-solopr-chat-on-twitter/" target="_blank"><em>Join Us for the #solopr Chat on Twitter</em></a><em> to find out how!</em></p>
<p><em>Thanks to <a rel="nofollow" href="http://www.linkedin.com/in/jenniferspivak" target="_blank">Jennifer Spivak</a> for compiling this post.</em></p>
]]></content:encoded>
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		<title>Pricing, Current Events, &amp; More</title>
		<link>http://soloprpro.com/pricing-current-events-more/</link>
		<comments>http://soloprpro.com/pricing-current-events-more/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 12:15:39 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Chats]]></category>
		<category><![CDATA[PR Updates]]></category>
		<category><![CDATA[Setting Fees]]></category>
		<category><![CDATA[#solopr]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[fees]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[media relations]]></category>
		<category><![CDATA[social media]]></category>

		<guid isPermaLink="false">http://soloprpro.com/?p=2388</guid>
		<description><![CDATA[During the August 24 #solopr Twitter chat, independent PR pros discussed sharing pricing information, using current events in media pitches, and social media referral sources. Specifically, the following questions were addressed: 1. We&#8217;ve seen posts lately from @MackCollier, @spinsucks and @ericamallison on this lately: do you post your prices online? #solopr 2. @KeithTrivitt of @prsa [...]]]></description>
			<content:encoded><![CDATA[<p>During the August 24 #solopr Twitter chat, independent PR pros discussed sharing pricing information, using current events in media pitches, and social media referral sources. Specifically, the following questions were addressed:</p>
<p>1. We&#8217;ve seen posts lately from <a rel="nofollow" href="http://twitter.com/MackCollier">@MackCollier</a>, <a rel="nofollow" href="http://twitter.com/spinsucks">@spinsucks</a> and <a rel="nofollow" href="http://twitter.com/ericamallison">@ericamallison</a> on this lately: do you post your prices online?  <a title="#solopr" rel="nofollow" href="http://twitter.com/#%21/search?q=%23solopr">#solopr</a></p>
<p>2. <a rel="nofollow" href="http://twitter.com/KeithTrivitt">@KeithTrivitt</a> of <a rel="nofollow" href="http://twitter.com/prsa">@prsa</a> reminded PR pros today not to use the earthquake in unrelated pitches. When do current events make sense? <a title="#solopr" rel="nofollow" href="http://twitter.com/#%21/search?q=%23solopr">#solopr</a></p>
<p>3. Reported that StumbleUpon drives half of all social media traffic to sites (with Qs around quality of traffic). Experiences? <a title="#solopr" rel="nofollow" href="http://twitter.com/#%21/search?q=%23solopr">#solopr</a></p>
<p>Be sure to check out the<a href="http://soloprpro.com/wp-content/uploads/2011/08/SoloPR-Transcript-8-24.pdf" target="_blank"> transcript in PDF for the full discussion.</a> Note that the transcript is in reverse chronological order.</p>
<p>If you weren’t able to join us this week, please let us know how you’d respond to the chat questions below!</p>
<p><em>The #solopr chat – held each Wednesday from 1-2 p.m. Eastern – is         a weekly ritual for some of the most savvy Solo PR Pros on    Twitter.      Anyone with a Twitter account is welcome to participate –    see </em><a href="../join-us-for-the-solopr-chat-on-twitter/" target="_blank"><em>Join Us for the #solopr Chat on Twitter</em></a><em> to find out how!</em></p>
<p><em>Thanks to <a rel="nofollow" href="http://www.linkedin.com/in/jenniferspivak" target="_blank">Jennifer Spivak</a> for compiling this post.</em></p>
]]></content:encoded>
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		<title>Proposals, Pricing and More</title>
		<link>http://soloprpro.com/proposals-pricing-and-more/</link>
		<comments>http://soloprpro.com/proposals-pricing-and-more/#comments</comments>
		<pubDate>Thu, 30 Sep 2010 20:55:39 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Finding Clients]]></category>
		<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[Maximizing Efficiencies]]></category>
		<category><![CDATA[Setting Fees]]></category>
		<category><![CDATA[#solopr]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[fees]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[proposals]]></category>

		<guid isPermaLink="false">http://soloprpro.com/?p=1511</guid>
		<description><![CDATA[As part of this week’s #solopr Twitter chat, pros in PR consulting offered advice on two key issues in running your business, addressing the following questions: 1. As discussed in today&#8217;s Solo PR post, have you used value/fee-based (rather than hourly) pricing? Experiences? 1a. For those who use value-based pricing for media relations, how do [...]]]></description>
			<content:encoded><![CDATA[<p>As part of this week’s #solopr Twitter chat, pros in PR consulting offered advice on two key issues in running your business, addressing the following questions:</p>
<p>1. As discussed in today&#8217;s <a href="http://soloprpro.com/setting-rates-a-field-guide/" target="_blank">Solo PR post</a>, have you used value/fee-based (rather than hourly) pricing? Experiences?</p>
<p>1a. For those who use value-based pricing for media relations, how do you &#8220;sell&#8221; this?</p>
<p>2: In your experience, how long does a client take to respond to a successful proposal? Is silence a bad sign?</p>
<p>2a. Regarding client pre-qualification, do you talk budget before submitting a proposal?</p>
<p>Be sure to check out the <a href="http://soloprpro.com/wp-content/uploads/2010/09/Transcript-Sept-29.pdf">transcript in PDF </a>for terrific advice from successful professionals. What do you think — any points to add to the discussion?</p>
<p><em>The #solopr chat – held each Wednesday from 1-2 p.m. Eastern – is a weekly ritual for some of the most savvy Solo PR Pros on Twitter. Anyone with a Twitter account is welcome to participate – see </em><a href="http://soloprpro.com/join-us-for-the-solopr-chat-on-twitter/"><em>Join Us for the #solopr Chat on Twitter</em></a><em> to find out how!</em></p>
]]></content:encoded>
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		<title>Why Did You Go Solo?</title>
		<link>http://soloprpro.com/why-did-you-go-solo/</link>
		<comments>http://soloprpro.com/why-did-you-go-solo/#comments</comments>
		<pubDate>Thu, 15 Apr 2010 12:00:11 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Chats]]></category>
		<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[Living the Life]]></category>
		<category><![CDATA[#solopr]]></category>
		<category><![CDATA[fees]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[freedom]]></category>

		<guid isPermaLink="false">http://soloprpro.com/?p=1210</guid>
		<description><![CDATA[During this week’s #solopr Twitter chat, we discussed some of the most important questions that face independent PR consultants, especially those just starting out. Read the transcript (in PDF) for answers from top Solo PR Pros to the following questions: 1. Are your taxes done? Any surprises? 2) How many years did it take before [...]]]></description>
			<content:encoded><![CDATA[<p>During this week’s #solopr Twitter chat, we discussed some of the most important questions that face independent PR consultants, especially those just starting out. Read the <a href="../wp-content/uploads/2010/04/Transcript-Apr-14.pdf">transcript (in PDF)</a> for answers from top Solo PR Pros to the following questions:</p>
<p>1. Are your taxes done? Any surprises?</p>
<p>2) How many years did it take before your business had an actual profit?</p>
<p>2a) How long did it take you to match what you made prior to going solo?</p>
<p>3) Why did you go solo in the first place?</p>
<p>4) What are your clients doing for Earth Day 4-22?</p>
<p>If you weren&#8217;t able to make the chat, why did you go solo? Was it a financially profitable experience for you initially? If not, did the non-financial benefits make it worthwhile? Let us know in the comments!</p>
<p><em>The #solopr chat – held each Wednesday from 1-2 p.m. Eastern – is a weekly ritual for some of the most savvy Solo PR Pros on Twitter. Anyone with a Twitter account is welcome to participate – see </em><a href="../join-us-for-the-solopr-chat-on-twitter/"><em>Join Us for the #solopr Chat on Twitter</em></a><em> to find out how!</em></p>
]]></content:encoded>
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		<title>To Free, or Not to Free</title>
		<link>http://soloprpro.com/should-pr-consultants-work-for-free/</link>
		<comments>http://soloprpro.com/should-pr-consultants-work-for-free/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 12:30:37 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Finding Clients]]></category>
		<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[Living the Life]]></category>
		<category><![CDATA[Maximizing Efficiencies]]></category>
		<category><![CDATA[Setting Fees]]></category>
		<category><![CDATA[fees]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[pr consultant]]></category>
		<category><![CDATA[pro bono]]></category>

		<guid isPermaLink="false">http://soloprpro.com/?p=1096</guid>
		<description><![CDATA[During a recent #solopr chat on Twitter, I made the following statement: Remember: it&#8217;s worse to work for free than to not work at all. While many pros agreed with me, some had serious questions about this advice (below). But aside from new business opportunities (which are unpaid in virtually all cases), working for free [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://soloprpro.com/wp-content/uploads/2010/03/money.jpg"><img class="alignright size-full wp-image-1105" title="PR Consultants - Make Money" src="http://soloprpro.com/wp-content/uploads/2010/03/money.jpg" alt="" width="185" height="217" /></a>During a recent #solopr chat on Twitter, I made the following statement:</p>
<div><em>Remember: it&#8217;s worse to work for free than to not work at all.</em></div>
<div><em><br />
</em></div>
<p></p>
<div>While many pros agreed with me, some had serious questions about this advice (below). But aside from new business opportunities (which are unpaid in virtually all cases), working for free can often be a dead-end road. Working &#8220;on spec&#8221; &#8211; which means you get paid only if the client deems you worthy &#8211; or with a client you know is probably not going to get around to paying you, diminishes your worth.</div>
<p></p>
<div>For all of us, every time we work for a client we are establishing our value. If you work for free, then the value of your time is $0.</div>
<p></p>
<div>You may think that working for free for someone will put you in their good graces, and you&#8217;ll be the person they call first when they have a paid gig. In fact, it may be just the opposite. Similar to Groucho not wanting to be part of a club who would have him as a member, people like working with consultants who are in-demand. Working for zero smells like desperation &#8212; and isn&#8217;t it human nature to avoid being associated with someone desperate?</div>
<p></p>
<div><strong>The economy is tough &#8211; my clients have limited budgets and I want to show I&#8217;m flexible</strong></div>
<div>I have fallen into this trap myself over the last year. Though not working for free, I put effort into trying to help one long-term client stretch every dollar (rob Peter to pay Paul, kind of thing). Guess what? Shortly thereafter they decided to spend $20,000 of their marketing budget on something quite silly (wish I could tell you what &#8211; you&#8217;d be shocked!).</div>
<p></p>
<div>What I learned: organizations can find the money to spend when they want to, so make sure you&#8217;re on that list. And don&#8217;t over-compromise &#8212; it&#8217;s not worth it.</div>
<p></p>
<div><strong>What if I want the experience and need items for my portfolio?</strong></div>
<div>If you&#8217;re interested in working for free with the aim of gaining additional experience and samples to show, why not work for your favorite non-profit pro bono? Some large charities have marketing committees made up of volunteers &#8212; in those cases, you can expand your network while you support a worthy cause.</div>
<p></p>
<div><strong>What about working on new business proposals for an agency?</strong></div>
<div>This can work out well sometimes, but be careful. First and foremost, the agency should have at least one person doing the same amount of work on the proposal as you. Why? Because that makes them have some &#8220;skin in the game.&#8221; An agency will be far more choosy about the new business opportunities they pursue if they have to expend some resources to get it. You don&#8217;t want to be a dedicated worker bee on any and all long-shots that come along &#8212; there will be no incentive for them to pass up lost causes.</div>
<p></p>
<div>Also, unless you have it in writing that you&#8217;ll get a guaranteed XX number of hours for as long as they have the contract, you can also get cut out of the deal &#8211; I&#8217;ve heard of this happening to many solos. And make sure you trust, respect and enjoy working with the team on the proposal, since those will be your collaborators long-term.</div>
<p></p>
<div>In a nutshell, I believe it&#8217;s much better to spend a day in the park than toiling away on a project that helps your client&#8217;s bottom line, but not your own. In this economy, clients will push on occasion, and it&#8217;s our job to push back.</div>
<p></p>
<div>Do you agree? Are there any cases where you&#8217;ve worked for free and were glad you did? Any horror stories? Let us know in the comments!</div>
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		<title>From Productivity to Interns &#8211; #solopr Chat Transcript</title>
		<link>http://soloprpro.com/from-productivity-to-interns-solopr-chat-transcript/</link>
		<comments>http://soloprpro.com/from-productivity-to-interns-solopr-chat-transcript/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 00:17:05 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Chats]]></category>
		<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[Maximizing Efficiencies]]></category>
		<category><![CDATA[#solopr]]></category>
		<category><![CDATA[collaboration]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[networking]]></category>
		<category><![CDATA[subcontracting]]></category>
		<category><![CDATA[tools]]></category>

		<guid isPermaLink="false">http://soloprpro.com/?p=1083</guid>
		<description><![CDATA[During the #solopr Twitter chat this week, veteran Solo PR Pros and newbies alike shared tips on a wide-range of topics, including the following: 1) What are your favorite productivity tools? 2) Assuming many #solopr folks work from home, how do you manage interns and assistants? Where/how do they work? 3) Is it acceptable to [...]]]></description>
			<content:encoded><![CDATA[<p>During the #solopr Twitter chat this week, veteran Solo PR Pros and newbies alike shared tips on a wide-range of topics, including the following:</p>
<p>1) What are your favorite productivity tools?</p>
<p>2) Assuming many #solopr folks work from home, how do you manage interns and assistants? Where/how do they work?</p>
<p>3) Is it acceptable to apply for an internship in order to gain more exp for your own freelance goals?</p>
<p>4) In this economy, are you seeing more situations with clients flaking out on you (not paying, changing agreement mid-stream, etc.)?</p>
<p><em></em>Be sure to download the <a title="PR Consulting advice - #solopr" href="http://soloprpro.com/wp-content/uploads/2010/03/Transcript-Mar-10.pdf">transcript in PDF</a> for the wise responses to these questions. And stay tuned for an upcoming post detailing productivity tools &#8211; a sequel to <a href="../44-tools-for-the-pr-consultant%e2%80%99s-toolbox/">&#8220;44 Tools for the PR Consultant’s Toolbox&#8221;</a> (one of this blog&#8217;s most popular posts ever).</p>
<p>What do you think — do you have any favorite productivity tools to add? Any other suggestions to add to the discussion?</p>
<p><em>The #solopr chat – held each Wednesday from 1-2 p.m. Eastern – is a weekly ritual for some of the most savvy Solo PR Pros on Twitter. Anyone with a Twitter account is welcome to participate – see </em><a href="http://soloprpro.com/join-us-for-the-solopr-chat-on-twitter/"><em>Join Us for the #solopr Chat on Twitter</em></a><em> to find out how!</em></p>
]]></content:encoded>
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		<title>Planning for 2010</title>
		<link>http://soloprpro.com/planning-for-2010/</link>
		<comments>http://soloprpro.com/planning-for-2010/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 17:37:08 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Chats]]></category>
		<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[Maximizing Efficiencies]]></category>
		<category><![CDATA[#solopr]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[planning]]></category>

		<guid isPermaLink="false">http://soloprpro.com/?p=845</guid>
		<description><![CDATA[This week’s #solopr chat on Twitter focused on year-end planning and getting ready for 2010. This is an important period in planning for your business and setting the stage for an even better 2010! As always, the Solo PR Pro community had some excellent tips to share on the following topics: What are you doing [...]]]></description>
			<content:encoded><![CDATA[<p>This week’s #solopr chat on Twitter focused on year-end planning and getting ready for 2010. This is an important period in planning for your business and setting the stage for an even better 2010! As always, the Solo PR Pro community had some excellent tips to share on the following topics:</p>
<ol>
<li>What      are you doing for year-end tax planning for your business?</li>
<li>What do you      do to get your books in order? What systems?</li>
<li>For those      who use Excel, is there a standard template you use, or did you create it      yourself?</li>
<li>If      in the U.S., how did you decide on your      business structure (LLC, Corp., etc.)?</li>
<li>Are you      doing anything now to manage cash flow in 2010?</li>
</ol>
<p>Be sure to check out the <span style="text-decoration: underline;"><a href="http://bit.ly/4IRrBO">transcript online</a> </span>or <a href="http://soloprpro.com/wp-content/uploads/2009/12/Transcript-for-solopr-12.16.pdf"><span style="text-decoration: underline;">here in PDF</span></a> for the answers.</p>
<p>If you were unable to join us this week, how would you answer these questions? What was your favorite advice from the chat? Please let us know your own thoughts in the comments!</p>
<p><em>The #solopr chat – held each Wednesday from 1-2 p.m. Eastern – is a weekly ritual for a host of savvy Solo PR Pros on Twitter.We’ll be on holiday break until January 6, 2010.  Anyone with a Twitter account is welcome to participate – see </em><a href="../join-us-for-the-solopr-chat-on-twitter/"><em>Join Us for the #solopr Chat on Twitter</em></a><em> to find out how!</em></p>
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		<title>Laid Off? Now You&#8217;re Free to Consult!</title>
		<link>http://soloprpro.com/laid-off-now-youre-free-to-consult/</link>
		<comments>http://soloprpro.com/laid-off-now-youre-free-to-consult/#comments</comments>
		<pubDate>Fri, 10 Apr 2009 16:55:57 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Getting Started]]></category>
		<category><![CDATA[Maximizing Efficiencies]]></category>
		<category><![CDATA[Setting Fees]]></category>
		<category><![CDATA[consulting]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[free]]></category>
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		<guid isPermaLink="false">http://soloprpro.com/?p=429</guid>
		<description><![CDATA[“We must be willing to get rid of the life we’ve planned, so as to have the life that is waiting for us&#8221; – Joseph Campbell The first time many people consider PR freelancing or consulting is the day they learn their job is no longer. If you’ve recently been laid off, or are concerned [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://soloprpro.com/wp-content/uploads/2009/04/i-am-free.jpg"><img class="alignright size-medium wp-image-435" title="i-am-free" src="http://soloprpro.com/wp-content/uploads/2009/04/i-am-free-300x231.jpg" alt="" width="165" height="143" /></a></p>
<blockquote><p><em>“We must be willing to get rid of the life we’ve planned, so as to have the life that is waiting for us&#8221;</em></p>
<p>– Joseph Campbell</p></blockquote>
<p>The first time many people consider PR freelancing or consulting is the day they learn their job is no longer. If you’ve recently been laid off, or are concerned you might be, the time to think about working as a <a href="http://soloprpro.com/the-time-to-think-about-your-solo-career-is-now/" target="_blank">PR consultant is now</a>.</p>
<p>This may be temporary while you simultaneously seek full-time employment, or you may find you love it so much you permanently join our ranks! As a newly-free friend recently told me, “I think we&#8217;re ALL gonna do a little consulting in the new economy.”</p>
<p>But where to begin? If you’re facing involuntary independent status, your head is likely reeling a bit, and that’s to be expected. Beyond the traditional job-seeking advice, here are a few consulting-related items to consider in the near-term:</p>
<ul>
<li>If you’re still technically employed, plan to <strong>take copies of any information</strong> your company policy allows, in particular those related to your network of contacts (including business cards and emails) and work samples. If possible, retrieve any personal information you may have on your company blackberry, laptop, etc. You’ll need that information to help secure your new consulting contracts.</li>
</ul>
<ul>
<li>Don’t be ashamed of your status. Some of the industry’s foremost leaders and thinkers have announced publicly that their positions were eliminated in recent months. In this economy, <strong>there is no stigma</strong> against those that have been laid off, and there’s no need to apologize (even implicitly) as you network. Try to quell those demons. <em>“Our doubts are traitors, And make us lose the good we oft might win, By fearing to attempt.&#8221; &#8211; Shakespeare</em></li>
</ul>
<ul>
<li>Consider your <strong>health insurance </strong>options. If you’re married, take a look at the plans available through your spouse’s employer. If the selection is undesirable or you’re unmarried, you can usually obtain insurance coverage through your employer’s <a href="http://www.dol.gov/ebsa/faqs/faq_consumer_cobra.HTML" target="_blank">COBRA plan</a>.   This will likely seem expensive, but it is worth doing near-term while you investigate your options further. It’s important to make sure your health insurance doesn’t lapse, since that can make it more difficult to get coverage later and subjects you to the whims of the insurance industry (e.g., pre-existing condition loopholes, application technicalities, etc. &#8211; ugh!).</li>
</ul>
<ul>
<li>Don’t worry about a business structure, name, or any of those things that might feel overwhelming at the moment. You can <strong>do independent PR consulting under your own name</strong>, and as a “sole proprietor,” with no up-front paperwork required. When tax time comes, you’ll just use the <a href="http://taxes.about.com/od/taxglossary/g/BusinessIncome.htm" target="_blank">Schedule C</a> form to report your income and expenses.</li>
</ul>
<ul>
<li>Speaking of expenses, start keeping track of them immediately. As you may know, you can deduct some of your job hunt expenses, but you can also <strong>deduct expenses</strong> if you do any kind of consulting. Just grab a folder and start stashing your receipts for anything professional, such as networking lunches, association dues, and meeting attendance fees. If you meet a colleague at their offices and you have to pay to park, that receipt goes in the folder. Buy some legal pads to write out your consulting ideas? Receipt in the folder! You get the idea&#8230; you’ll be surprised how quickly it adds up.</li>
</ul>
<ul>
<li>And then there’s <strong>the big question: fees</strong>. If you worked with freelance PR pros in your previous position, you probably have an idea of what PR consultants are charging in your area. If not, an excellent resource is the annual <a href="http://www.amazon.com/gp/product/1582975418?ie=UTF8&amp;tag=spp06-20&amp;linkCode=as2&amp;camp=1789&amp;creative=390957&amp;creativeASIN=1582975418" target="_blank">Writer’s Market publication</a>. In addition to being available for purchase, it’s also typically found in the Resources section of your local library. Though written primarily for freelance writers, Writer’s Market includes a <strong>“How Much Should I Charge”</strong> section that offers some guidance on hourly fees for PR activities. Keep in mind that the rates for freelance writers are often lower than those for experienced PR professionals.</li>
</ul>
<ul>
<li> When it comes to setting consulting fees, the biggest newbie mistake is failing to consider the <strong>extra financial responsibilities</strong> you have as an independent. In particular, a full 15.3% of your income will go to the <a href="http://taxguide.completetax.com/text/Q15_3110.asp" target="_blank">self-employed version of FICA</a> (versus half of that &#8212; 7.65% &#8212; when you’re an employee). That’s in addition to your tax rate. Add it up, and you can easily find 40% or more of your pay going to Uncle Sam. Now before you go slamming your fist on your desk cursing the IRS, just remember it’s nothing to get upset about if you plan ahead and take this into account when setting your fees.</li>
</ul>
<ul>
<li>Another mistake is forgetting that you now will be responsible for a variety of <strong>non-billable work</strong> (sending invoices, new business plans, etc.) related to maintaining your business.  You might have a billing rate in mind, but when you consider these factors you may find you should be billing considerably more than that. It will of course depend on your skills and experience &#8212; just <strong>be sure not to short-change yourself</strong>!  In many ways, the market will perceive your level of expertise based on your fee level.</li>
</ul>
<p>This is just a quick-hit list of initial considerations.  It’s my hope that regardless of what direction you end up heading long-term, the result will be an even more satisfying career that brings you fulfillment and enriches your life.</p>
<p>Are you considering PR consulting, or have you recently “hung out your shingle” as a freelancer?  What issues are you finding most challenging? Veteran solo PR pros – what advice do you have for those just getting started?</p>
<p><em>Photo credit: <a href="http://www.flickr.com/photos/mufan96/2631556160/" target="_blank">mufan96</a></em></p>
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		<title>Modern PR: The Next Wave</title>
		<link>http://soloprpro.com/modern-pr-the-next-wave/</link>
		<comments>http://soloprpro.com/modern-pr-the-next-wave/#comments</comments>
		<pubDate>Mon, 09 Mar 2009 17:56:38 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Finding Clients]]></category>
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		<category><![CDATA[Maximizing Efficiencies]]></category>
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		<guid isPermaLink="false">http://soloprpro.com/?p=384</guid>
		<description><![CDATA[Whether you call it PR 2.0, New PR, or some other catchy moniker, it’s clear that public relations is moving into a new age. As we’ve noted, Modern PR means evolving, adapting and embracing new challenges. At the forefront of this evolution is PR’s incorporation of a more conversational approach to communications, made possible – [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://soloprpro.com/wp-content/uploads/2009/03/surfer.jpg"><img class="alignright size-medium wp-image-389" title="surfer" src="http://soloprpro.com/wp-content/uploads/2009/03/surfer.jpg" alt="" width="130" height="130" /></a></p>
<p>Whether you call it PR 2.0, New PR, or some other catchy moniker, it’s clear that public relations is moving into a new age. As we’ve noted, Modern PR means <a href="http://overtonecomm.blogspot.com/2009/01/five-essential-skills-for-communicators.html" target="_blank">evolving, adapting</a> and embracing new challenges. At the forefront of this evolution is PR’s incorporation of a more conversational approach to communications, made possible – and necessary – by <a href="http://en.wikipedia.org/wiki/Social_media " target="_blank">social media</a>.</p>
<p>Though it’s a common mistake in PR today, we should not look at social media as simply a new set of tools. <span style="text-decoration: underline;">It’s not just an emerging channel for pushing your same old messages, or a new medium to exploit with “viral marketing” campaigns.</span> In fact, thinking in terms of &#8220;social media campaigns&#8221; misses the point entirely. Social media ushers in the era of <a href="http://www.briansolis.com/2008/07/new-communication-theory-and-new-roles.html" target="_blank">two-way communications</a> , and we must respond by entering the next wave of <a href="http://www.briansolis.com/2008/03/pr-20-evolution-of-pr-nothing-less.html" target="_blank">PR practice</a>.</p>
<p>In essence, the next wave of PR is just the latest evolution in doing what PR has always done:  <em>communicate</em>, using the best methods at our disposal. As our focus moves away from one overly dominated by media relations, we now must look at employing all the methods available for communicating with the <a href="http://davidwmullen.com/2008/11/21/people-relations/ " target="_blank">people</a> who make up our <a href="http://veryofficialblog.com/2008/11/19/putting-the-p-back-in-pr/" target="_blank">publics</a>. We must no longer think in terms of “hits,” audiences, and eyeballs, but instead create and participate in <a href="http://www.conversationagent.com/2008/04/the-cluetrain-m.html ">conversations and community</a>.</p>
<p>But let’s be clear: the days of PR exerting at least <em>some</em> control over <em>all </em>of the public expressions regarding a company are over. Finito. Someone <a href="http://bands.army.mil/music/bugle/calls/taps.mp3" target="_blank">play Taps</a>. Today, no one “owns” the message – an organization’s positioning is created organically as the result of its actions and the conversation around it. For example, if a company is saying things that clearly differ from reality, the crowd will set it straight. <a href="http://journalism.nyu.edu/pubzone/weblogs/pressthink/2006/06/27/ppl_frmr.html " target="_blank">The people formerly known as the audience </a>are no longer passive, and the time to recognize the affect on PR is now.</p>
<p>Such a shifting of the sands can feel very frightening and discombobulating to PR professionals, especially those of us who came along at a time when “control the message” was a mantra. But rather than fear the change, we should see that the next wave of PR actually <a href="http://www.davidmeermanscott.com/documents/New_Rules_of_PR.pdf" target="_blank">presents unique opportunities</a> for us and the organizations we represent.</p>
<p><strong>The Next Wave and the Solo PR Pro</strong><br />
In the same way that one shouldn’t dabble in media relations, neither should you pretend to be social media savvy if you’re not. If you’re just getting started, the key is to start by <a href="http://altitudebranding.com/2008/11/getting-a-social-media-foothold/ " target="_blank">listening</a>. Join and participate in social media networks as an individual, long before you start interacting on behalf of clients.</p>
<p>The good news is that as consultants, we are already well-versed at being chameleon-like. Listening first, so we can fit into a new culture, is second nature to those of us who work in varied industries with a number of different organizations. Staying abreast of the latest theories from <a href="http://soloprpro.com/blogroll/" target="_blank">thought leaders</a> by reading blogs and participating in conversations is critical as we all continue to learn and expand our understanding of what it means to do PR today.</p>
<p>The potential rewards for this effort are vast. Not only is PR as a whole changing, but confused organizations are hungry for savvy communications assistance, and who better to shepherd organizations into this unfamiliar communications territory than <a href="http://www.pr-squared.com/2008/12/social_media_agency_vs_pr_agen.html " target="_blank">PR</a>? And with in-house PR teams increasingly lean and strapped for time, who better to serve this role than an independent practitioner?</p>
<p>As outside consultants, we offer an excellent alternative for organizations currently locked in political battles over who should handle these initiatives. We’re also blissfully free of the social media site bans that large IT departments often put in place. Invest the time needed to <a href="http://www.socialmediaexplorer.com/2008/06/09/righting-the-ship-for-the-public-relations-industry/" target="_blank">become</a> <a href="http://davefleet.com/2008/12/6-tips-for-engaging-online/ " target="_blank">educated</a> <a href="http://www.pr-squared.com/index.php/2009/02/ebook_on_social_media_marketin" target="_blank">about</a> the next wave, and then you can step up and take your rightful place as a PR consultant who leads rather than follows.</p>
<p>Obviously, the evolving PR landscape is an area we’ll continue to explore on this blog moving forward. What do you think? Are you seeing more consulting opportunities as a result of the changes? Are your clients thinking about these issues, or are they still in avoidance mode?</p>
<p>&#8212;&#8212;</p>
<p><em>Like this post? Consider <a href="http://soloprpro.com/about/subscribe/">subscribing to Solo PR Pro</a>, either by </em><em>e-mail or RSS Reader. It&#8217;s free!</em></p>
<p>More from the <strong>Modern PR </strong>series:</p>
<ul>
<li><a href="http://soloprpro.com/modern-pr-series-what-you-need-to-know-about-public-relations-today/">Modern PR Series: What You Need to Know About Public Relations Today</a></li>
<li><a href="http://soloprpro.com/modern-pr-new-incentives-to-behave-professionally/">Modern PR: New Incentives to Behave Professionally</a></li>
<li><a href="http://soloprpro.com/modern-pr-pros-and-the-breaking-news-dilemma/">Modern PR Pros and the Breaking News Dilemma</a></li>
<li><a href="http://soloprpro.com/the-media-is-changing/">Modern PR: The Media’s Changing with You or Without You</a></li>
<li>Modern PR: The Next Wave (this post)</li>
</ul>
<p><em>Photo credit: <a href="http://www.flickr.com/photos/colmsurf/144455160/ " target="_blank">colmsurf </a></em></p>
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		<title>End of Year Tips for Consultants</title>
		<link>http://soloprpro.com/end-of-year-tips-for-consultants/</link>
		<comments>http://soloprpro.com/end-of-year-tips-for-consultants/#comments</comments>
		<pubDate>Mon, 08 Dec 2008 17:10:22 +0000</pubDate>
		<dc:creator>Kellye Crane</dc:creator>
				<category><![CDATA[Finding Clients]]></category>
		<category><![CDATA[Living the Life]]></category>
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		<category><![CDATA[consulting]]></category>
		<category><![CDATA[economy]]></category>
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		<guid isPermaLink="false">http://soloprpro.com/?p=179</guid>
		<description><![CDATA[The end of the year is fast-approaching, but there’s still time to think about some of the items that should be on any independent consultant’s radar: Consider hiring an accountant – Most accountants become insanely busy as soon as the new year arrives, and many do not take on new clients after January 1. I’m [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://soloprpro.com/wp-content/uploads/2008/12/snowflake-image.jpg"><img class="alignright size-medium wp-image-193" title="snowflake-image" src="http://soloprpro.com/wp-content/uploads/2008/12/snowflake-image-300x225.jpg" alt="" width="300" height="225" /></a></p>
<p>The end of the year is fast-approaching, but there’s still time to think about some of the items that should be on any independent consultant’s radar:</p>
<p><strong>Consider hiring an accountant</strong> – Most accountants become insanely busy as soon as the new year arrives, and many do not take on new clients after January 1. I’m a firm believer that a good accountant pays for herself in tax dollars saved, so if you think you might benefit from some <strong><a href="http://freelanceswitch.com/money/planning-for-next-years-tax-bill/">professional assistance</a>,</strong> now would be the time to get this person lined up. I’ve found that getting a recommendation from a friend is the best way to find a good accountant.</p>
<p><strong>Holiday greetings</strong> – In the current climate (you know the one I’m talking about), our personal and professional networks will continue to increase in importance in 2009. Reaching out at this time of year to those who have been part of your business in 2008 is essential to maintaining those relationships. It also happens to be fun!</p>
<p>While some seem to be <strong><a href="http://www.smallbiztrends.com/2008/10/low-cost-marketing-ideas-holidays.html/">losing enthusiasm</a> </strong>for traditional holiday cards, I still believe these personal greetings are one of the best ways to remember your clients and colleagues this time of year. If you’re going this route, a short, handwritten note on the inside of the card is a must, in my opinion, to differentiate yourself from the calendar sent by the insurance salesman. Religious messages are generally a no-no, and I think it’s best to refrain from placing business cards or logos on the inside of the greeting. Provide your sincere well-wishes, and you’ll stand out from the crowd.</p>
<p>Another idea is to craft a fun, even silly, <strong>video greeting.</strong> Depending on your <a href="http://www.microsoft.com/windowsxp/using/moviemaker/create/greetingcard.mspx"><strong>movie-making skills</strong></a>, this could even be an easier and lower-cost option to sending conventional cards.</p>
<p>Too busy to do any December greetings? One way to stand out from the pack is to send Happy New Year cards. They are automatically religion-neutral and can express optimism for the year ahead. It&#8217;s a great way to cure the post-holiday blues.</p>
<p>For your best clients and colleagues, a token gift is always appreciated. Again, it’s my belief that it works best for consultants to keep these free of logos or other transparent sales pitches – show your human side. I’ve found that edible holiday goodies are always a hit (who doesn’t like a tower of treats?).</p>
<p><strong>Make business purchases now </strong>- One of the top tips any accountant will give you is to “accelerate expenses.” Translated, this means that you’ll probably benefit the most if you take expenses in this calendar year, rather than waiting until 2009. So if you’re thinking of purchasing new office equipment or furniture in the next few weeks, be sure to make those purchases before the end of the year. Also take a look at your office supplies: are you getting low on paper, pens or ink? If so, take advantage of some of the excellent year-end deals at the office supply stores, and get tax savings to boot.</p>
<p>Not planning to spend on these things until January, you say? Fortunately, if you charge items on your credit card in December, these count as having been purchased in 2008, but the bill won’t arrive until next year. Be sure not to overspend, of course, and buy only what you would actually end up acquiring anyway. This is an important strategy in reducing the how much of your hard-earned cash goes to Uncle Sam.</p>
<p><strong>Pre-pay your business bills</strong> – Related to the above, if you can pay in advance for your January business expenses, such as Internet service, phone charges, association dues, subscriptions, etc., you’ll be able to deduct them from this year’s taxes. Most of these services allow you to pay for these items on a credit card and then pay them off in January, once again accelerating expenses but deferring payment.</p>
<p>These are a few of the easiest and most important items to think about as 2008 draws to a close. What’s on your year-end checklist?</p>
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