97 habits of insanely profitable designers

99
97 HABITS OF INSANELY PROFITABLE DESIGNERS

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Page 1: 97 Habits of Insanely Profitable Designers

97 HABITSOF INSANELY

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Spend 20 minutes visualising each morning before you get out of bed to get the answers you need for the day.

MINDSET / DAILY RITUALS

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Be grateful. Keep a gratitude journal. Be excited you’re able to design for a living.

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Keep a diary of all your wins, big and small so you can reflect on how far you’ve come

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Create a list of your favourite design blogs and visit them daily. Make time each morning to read through them whilst you have brekkie and your morning coffee.

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Be sure to take decent breaks to stay inspired. Go overseas once a year if you can, it’ll open your eyes up to looking at your business with an eagle-eye view you’ve never experienced before.

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Possess flexibility and stubbornness in equal measures.

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Bite off more than you can chew and then chew like CRAZY!

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Don’t sweat the small stuff like those ‘special’ clients that show up every now and again. If you hit a road bump, ask yourself “Am I going to care about this in 5 years time?” and if the answer is ‘no’ then just get on with it and don’t let it upset you.

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Learn to ride the emotional rollercoaster of business. It’s tough but just go with it. Ride the tiger… tame the tiger! Tomorrow’s a new day.

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Embrace failure. Every failure takes you one step closer to achieving your goals. Besides, it’s only a true failure if you don’t learn from it.

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Perseverance (and getting stuff done) really is the key to success. Never give up!

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Develop a fearless entrepreneurial spirit. It’ll help you jump on opportunities in good and bad times.

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Always temper your positivity with a touch of realism... but not too much or you’ll never try anything new!

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Be a giver. That’s it. Just give more. We give free websites to charities, not for any kudos and not as a marketing tactic, just because it makes us feel good. Cleanse your soul on a regular basis.

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Find your happy place... and go live there! MINDSET / DAILY RITUALS

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Understand that ‘profit’ is not a rude word. If you’re the type to do favours for friends or clients all the time, feel guilty for increasing your rates, or do spec work, stop it right now and start putting profit first.

FINANCE

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Understand that time is money. Period. FINANCE

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Find an amazing accountant and hire the most organised, kick-ass bookkeeper you can find; they will transform your business and life (not to mention stress levels!)

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Know your true costs to the cent. I mean every bum on every seat and for every hour they sit in that seat, including yours!

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Know your desired profit margins. Is it 30% or 50% or something in between?

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Measure overall project profitability at the end of every job.

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You don’t play (design) unless they (the client) pay. That means NO spec work!

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Keep an eagle eye on the dollars being invoiced, daily!

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Work hard on controlling your cash flow. It will make or break you.

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Form strategic alliances with business coaches, marketing consultants, event managers, business advisory centres, copywriters, SEO companies and the like for a steady flow of inbound leads.

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Don’t spread yourself too thin when it comes to your social media accounts, just do what you can and do it well.

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Start your own blog… like yesterday! I’ve got 5000 current & future web clients subscribed to Web123’s blog right now, and my brand new blog specifically for designers is already at 400!

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Make building your email list a top priority. I know that doesn’t sound very designery, but here’s where it can become so: design (and write) an eBook, a video course or a kit but just create something that you can offer in exchange for an email address.

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Once you have a marketing list, send out weekly educational newsletters with quick tips and links to your blog.

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Be confident. Don’t be afraid to just be you, warts and all. And don’t compare your Chapter 1 to someone else’s Chapter 20. Everyone’s unique. There’s only one of you and trust me, people want to hear what you have to say.

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Get proactive on Twitter, it’s like networking on steroids.

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Learn how to market yourself properly on Facebook. Facebook is lead city for me!

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Don’t just focus on new marketing mediums, go old school and get in front of people. It’ll make you stand out from the clutter.

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Find out who’s already talking to the people you want to target and work out how to work together to leverage off their list. (Make sure it’s mutually beneficial of course.)

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Guest blog on other blogs in your niche. I apply the 3:1 rule for maximum results. I aim to write 3 guest posts for every 1 of my own blogs each week.

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Look after the people that send you business. Show them you appreciate it otherwise they might stop. Consider a referral program, it works great for us.

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Surprise your existing clients when they least expect it (with good things of course!)

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Zig when they zag. Analyse what your design competitors are doing and do the complete opposite.

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Invest in an amazing (and SEO savvy) copywriter for all your own website and marketing copy. They’re so worth it!

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If you can’t afford to hire inhouse specialists yet, get your talented possie of expert copywriters, marketers, illustrators, branding, SEO & PPC specialists together and work hard at creating strong relationships.

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Create valuable content that helps your clients solve a problem and makes you look like a guru who seriously knows their stuff.

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When you get an inbound enquiry from your site, drop everything, and call them straight away, hopefully whilst they’re still on the site. If you can’t, delegate to someone who can. Your chance of conversion, with all things being equal of course, will increase immensely.

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Set a goal to make 20/50/100 personal connections per day, whatever you can manage and stick to it. Whether it’s tweets, blog or forum comments, emails, Facebook comments, you get the picture. Just set a number and stick to it.

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Focus. Try and pick your niche market then team that with what you love doing most and just focus on that. I was so busy trying everything and getting pulled in so many different directions that when I shifted my focus to just one big major project, it was a major turning point.

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Make customer service your number one priority. Sounds corny but we aim for 100% client satisfaction, every time. No less. And work hard to enforce it across your team.

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Always go the extra mile, always. When you walk in our front door, you’ll see this quote printed really big on our wall: “There are no traffic jams along the extra mile” - Roger Staubach

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Help, don’t sell. Your clients don’t really just want gorgeous designs, they want results. They want more leads, more sales, more phone calls and ultimately, more money. So help them get it. Which leads to...

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Make ‘getting results for clients’ the mantra for every project you do. That’s what you’re getting paid for. To quote Henrik Fiskar: “If design isn’t profitable, then it’s art.”

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Never forget that it’s your clients that put food on your table so never disrespect them. If you don’t like them, sack ‘em and spend more time with those you do.

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If you can’t sack ‘em, add a loading tax. That’s all I’ll say on that. ;)

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Be a counsellor to your clients. They want your expert opinion, so give it to them honestly, even if it’s difficult at the time. They’ll respect you more in the long run.

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Create products and services that are a perfect fit for your target market. Don’t try fit a square peg in a round hole... ask prospects and clients what they really want and figure out a way to give it to them, at a price they can afford.

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Don’t wait until a product is perfect before you launch it (and that’s coming from a recovering-perfectionist!). “If you are not embarrassed by the first version of your product, you’ve launched too late.” - Reid Hoffman

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Work out the products/services you currently offer that make you the most profit... and if they’re also the services your clients want, you’ve got it made!

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If your most popular services are your least profitable (and if you’re unsure, refer to all my notes under Finance!)... then find a way to turn that around. Is it time for a price hike or do you cut unprofitable services altogether?

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Offer mind-blowing, knee-trembling, town-talking incredible value. Then shout it from the rooftops that that’s your USP.

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Spend 1-hour per day learning something new, whether it’s reading blogs, doing courses, watching webinars, reading books, talking to peers etc. It’s just 4% of your day so make it a habit and your bottom line will thank you for it.

STAYING CREATIVE

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Make sure your creative life doesn’t finish when you close the door at 5pm (or 11pm!). Get creative with the food you cook, your clothes, your pantry cupboard, your walk-in robe, your kids etc. Make creativity your passion, your hobby, and your life. It’s not a job, it’s a calling.

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Get outside your comfort zone, that’s where the magic happens.

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Don’t rest on your laurels. Just because your clients are still accepting your work, doesn’t mean it hasn’t gotten a bit stale. You may not realise you’ve gone stale, but your peers will! Seriously, pushing those design boundaries will mean BIG things to your business.

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Showcase, discuss and get feedback on your work online on places like Dribble, Behance Network, TheLoop, Deviant Art, How Design, Creattica, Forrst, ColourLovers etc and this is just a handful.

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Push yourself. Make every design job your best. You need to impress yourself just as much as your client!

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Switch off (sometimes) and get physical! STAYING CREATIVE

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Make your space a beautiful, calm and relaxing place to work that you love and that feeds your creativity.

STAYING CREATIVE

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Feed your brain with art and pop culture. The best creatives draw inspiration from the works of other creative people... no, it’s not stealing! ;-)

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Network with fellow designers. Don’t get stuck in your bubble, especially if you work from home like I now do. Join the conversation in different design communities. If you’re regional like I am there’s always Facebook groups, LinkedIn Groups, forums, blogs….

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Watch less TV... Get off the computer too! STAYING CREATIVE

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Do more stuff with your hands. It’ll get your creative juices flowing.

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Understand that your time is limited and precious.

SYSTEMS / TOOLS / TIME

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Don’t have meetings with every inbound lead just because they ask for one. Uncover their needs on the phone, send them a proposal then if you get the green light, get a deposit in the bank and THEN meet face-to-face.

SYSTEMS / TOOLS / TIME

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Don’t reinvent the wheel. Create standardised processes wherever you can.

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Create amazing quote proposal templates that are the perfect sales combination between copy and visuals and streamline this process so you can create proposals fast. The quicker you deliver the quote, the higher the conversion rate.

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Template as much of the admin as you can! I have oodles of pre-written emails for things like ‘Here’s your home page concept’ with a form that asks them precise questions for their feedback.

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Log every minute on every project. How will you know you quoted enough if you don’t track your time?

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Have an action plan/implementation plan for all your recurring ‘complex’ jobs (like an eCommerce website project, etc). It should outline all the tasks required and how fast they need to be turned around in order to remain profitable.

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Always track the progress of your projects against your action plan. This is your benchmark, and the only way to know if you’re winning or losing!

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Create checklists or procedures for repetitive tasks to maintain quality, especially as you take on staff. It’s taken me years to develop a web building process that’s efficient and profitable, I need it followed to a tee.

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Always put a limit on what your costs include so if it’s a website for example, cap the number of pages or products you’ll upload, or hours you’ll spend on doing the upload but always cover your butt.

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As you grow, increase your personal hourly rate. I’m now $220 p/hr, my senior designer is $165 and my juniors are $100-$120. It’s okay to have varying rates based on experience and qualifications.

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If you want to grow big, make sure you’re okay with designing less. Most of my time these days with 20+ staff is spent managing people. Just be prepared for that.

MANAGEMENT / LEADERSHIP / GROWTH

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Get a business mentor. The best thing I ever did was invest in a mentor. Yes it was expensive but it’s paid me back in spades. I worked with my mentor for about 2 years and my accountant reckons it fast-tracked my business profits forward by about a decade!

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Don’t be afraid to hire your first staff member. There’s nothing to say can’t put them on contract and commit to just 5-10 hours per week instead of a full time week and wage.

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Hire your first employee when you’re at 120% workload. Then, hire your next employees when your current ones are at 120% workload. Yeah I know, evil right? ;-)

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Hire slow, fire fast.MANAGEMENT / LEADERSHIP / GROWTH

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Only hire A-team players. Period.MANAGEMENT / LEADERSHIP / GROWTH

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Hire people smarter than you and designers who design better than you.

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Reward those that work hard for you but remember, ‘first comes effort, then comes reward.’

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Lead by example. Don’t wander in at 11am every day if you want your team to be there on time. Walk the walk.

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Don’t do ‘love jobs’ thinking it’ll open more doors, they’ll always backfire and cost you time and money.

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Celebrate the wins on a regular basis. Even the little ones. (We shout drinks & nibbles every Friday for our team to celebrate the achievements of the week, and each quarter we do something on a larger scale to say ‘thanks’ and celebrate reaching our goals.)

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Be prepared to let go. Yes, people will make mistakes but you have to let go to grow.

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Be prepared to listen to all your team’s ideas and take a risk on the good ones. (My marketing gal suggested the SAAS model for my partner program and it’s the best thing we ever did!)

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Create a one-page business plan that gives you clarity, accountability and results. Print out your plan and stick it everywhere (even on the back of the restroom doors in your office!)

PLANNING

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Every January, after you’ve had a good rest and client work is quiet, go to your happy place and plan out your entire year’s goals. Just the habit of writing them down will bring you so much closer to achieving them.

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Looking ahead, create your 5-year plan then work backwards mapping out the main quarterly milestones you need to reach to achieve your goals. Then detail it further and work in 90-Day sprints to achieve those milestones.

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If you employ staff, always communicate the ‘why’ to your team. Have a mission and vision but make it cool - not one of those ones you want to stuff in draw and not show anyone.

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Constantly look for ways to improve. In business it can be the tiniest of things but lots of those little improvements soon add up. In your personal development, aim to lift the bar every year in some way.

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