A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.
Let me defend the ‘spaghetti throwers’ for a minute. (’Spaghetti-throwers’ is the tacky name I gave to the customized-generalist consulting segment that serves clients in any vertical with customized ad-hoc projects.) An offline example: There’s a hardware store called Pacific Supply Co. around the corner from me in Seattle that’s been around for decades. Quite a feat, considering the high rents in a tech-gentrified neighborhood! They don’t do any outbound marketing, but a limited Facebook business page uses some language like: “That obscure part you need for that thing broken in your home? We probably have it.” And sure enough, when I need an obscure part for something broken in my home, I go there, they guide me through their shelves, and they always have it. I won’t go into the economics of inventory-levels and scale for brick-and-mortar retailers, but regardless, the model is working for them. Here’s the catch when applying this to a consulting model: Yes, you can attract business as a customized-generalist, but there are trade-offs:
While you can certainly get your feet wet as an independent consultant embracing variety and ‘casting a wide net,’ these trade-offs make the spaghetti-thrower model a difficult place to position yourself permanently. So what instead? If you still want to serve ‘everyone’: what’s one service you could do exceptionally well? That can start to move you to another quadrant… And by the way, Pacific Supply is arguably doing "one thing" after all. 💡 -Wes |
A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.