Besides using hemostats, alligator clips, or a heat sink clip like the one pictured below (common in the 1970s); you can also use a piece of toilet paper soaked in water and wrap the wet TP near the body of the component. I used this technique in high school when money and availability of tools was not readily available.
You can also take advantage of the latency of heat (energy absorbed during phase change) for solder. Melting the solder just above the tip between the joint and component will reduce the temperature on the lead between the soldering iron and the component. A handy technique when tinning wires with insulation that readily melts, a bit fidgety to do when soldering a component on a circuit board (requires tacking the part on the bottom and applying heat to bottom of board, feeding solder on top of board).

Image from Jameco web site (100378).
The clips sold in the 1970s had notches for the lead which increased contact area.