Should you do the proposal?

Not all projects are worth doing a proposal for. But when they are, there are certain techniques to help you get the best outcome.

Last week, I covered this topic in “Best Practices for Proposals, Estimates and RFPs,” for IABC/Toronto Professional Independent Communicators (PIC). Sue Horner, IABC/Toronto and PIC member, freelance writer and owner of Get It Write, has reviewed my presentation. Here’s an excerpt:

Should you do the proposal? Like going after an RFP, you should only do a proposal when you know you’re the best person for the job. The job should be in your target market; if not, decide if it’s worth your time. Ask how many others are bidding and if you can meet with the decision-makers. Is the client “just fishing” or truly buying?

Anatomy of a proposal: Spell out why you’re the best fit. Tailor the proposal to the prospect, and set it up from his/her point of view. (Leave “About us” until the end.) Clearly explain your process. Show that you “get it” by repeating the prospect’s objectives. Include how you would approach the project and be enthusiastic. Prove that you’re the perfect fit. Pricing should be clear but this shouldn’t be the first time the prospect sees a dollar figure; you should have mentioned or sent a rough estimate first.

How to present the proposal (and you do want to present it, not just send it): Make it part of your stated process that you need to talk to the decision-maker and you need to present the proposal in person, or by phone or Skype. This allows you to respond to questions or objections. End by closing the deal and asking for the work.

How to close the deal: Ask if the prospect has questions and if he/she is ready to move forward. Propose the next step and timeframe. Ask when the decision will be made. If you don’t get the work, ask for feedback.

Ilise also had some pointers on pricing:

  • Ask what the budget is. You may get an answer, or throw out some numbers; “Are we talking $2,000 or $5,000?”
  • Don’t discuss budget by email.
  • Billing by milestone is dangerous to your cash flow. Instead, ask for a 25% deposit and spread the balance over the project life, charging equal amounts the first of every month.

Read the rest of the review here.

Also, listen to my short interview with PIC chair Donna Papacosta, where I previewed this event and discussed best practices.

If you want more guidance on proposals—plus 11 Actual Proposals to use as models—get the Proposal Bundle today.