The foundation of all attorney marketing

January 5, 2015 by
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The foundation of all attorney marketing is value. The more value you deliver to your target market, the more successful you will become.

When you deliver more value, you get more clients, and better clients, and you’re able to charge higher fees. You get more referrals and fewer complaints. You build a base of loyal fans who are not only willing to help you, they go out of their way to do it.

Value starts with your services, of course, but it’s not just the excellence with which your perform those services. It is a function of everything under the umbrella of “client relations”.

It is the little things you do for your clients that improve their entire experience with you. It’s the way you show them that you care about them as individuals and not just names on a file. It’s how you make them feel about themselves and their decision to put their trust in you.

Maya Angelou said it best when she said, “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

Value doesn’t stop with clients. You also deliver value to your prospects, referral sources, and others who work in, advise, or sell to your target market. Give them more value, make them feel good about knowing you, and they will remember you when they need your services or know someone who does.

You can deliver value to your prospective clients and referral sources through content-rich websites, videos, podcasts, articles, books, and speaking engagements that educate and empower them and help them make better decisions. You can deliver value through free consultations and free seminars, or paid seminars, books and courses.

The foundation of all attorney marketing is value. Find out what your market wants and deliver it to them. Over and over again. Surprise and delight them by giving them more than anyone else in the market, and you will own that market.

Marketing is easier when you know The Formula.

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Filed Under: Client loyalty, Client relations, Increase your income, success

An attorney who gets it

November 20, 2014 by
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I may not use the word “posture” but that’s what I mean when I recommend charging top dollar for your services, refusing to discount or match another lawyer’s fees, and being confident enough to tell prospective clients to talk to other lawyers, as I did in yesterday’s post. Virginia appellate attorney Steve Emmert gets it.

After reading yesterday’s post, he emailed me the following:

Hi, David –

I read this entry, and it suggested a related topic. You may recall that I’m an appellate lawyer. Because my state’s appellate bar is small, we all know each other and we’re all pals. I therefore have a ready database of available alternate counsel.

My “related topic” is my fees. I have intentionally set my fees at the upper end of the range for appellate lawyers here. When someone – either a prospective client or one of my “customers,” a trial lawyer – calls and asks about my fee, I tell them up-front that I’m one of the most expensive appellate lawyers in the state. I then quote them a fee based on that premise.

As you might imagine, my fees dissuade many customers and clients from hiring me. I’m never upset when they can’t afford me; I tell them I can find them another capable appellate lawyer who can do it for less money. That makes everybody happy – my pal gets a new case that he would never have seen otherwise, and the client/customer gets to experience the unthinkable – an attorney telling him or her, “Don’t give me your money.” That usually floors them, and I have received more than one message, a year or two later, thanking me for my honesty and for the referral.

Finally, the real point of this overlong note:

Some customers or clients ask me to reduce my fee. My stock reply harks back to the previous paragraph: “No, but if you want, I can find you a capable” etc. This usually generates one of two responses. The first is, “Yes, please, I’d like to save some money.” I give those folks a name or two and then go about my life with a clean conscience. People who want to economize on a lawyer are not high on my target list of incoming business.

The other possible answer, which often comes after a day or two, is “I’ve thought about it, and while I appreciate the offer of a less-expensive lawyer, I’ve decided that I really want you to represent me. I’ll pay your quoted fee.” Imagine what that feels like; these are the kind of customers that you really go the extra mile for.

As you might surmise, Steve loves what he does. He gets to pick and choose the cases he accepts and because he charges top dollar, he doesn’t need lots of business to enjoy a very comfortable income.

Hold on, you say? That’s fine for someone with his years of experience and stellar reputation. One look at his website and you know that this is the guy you want to hire. Most attorneys can’t be that choosy. Most attorneys can’t get away with being “one of the most expensive” in their field.

And you are right. Most attorneys can’t. But far more could do so than even make the attempt.

Look, you’ve got to be good at what you do and you’ve got to be able to prove it. You have to have the chops. You can’t be the new kid on the block and expect to charge what lawyers with thirty year’s experience charge.

But you can charge more than you think.

Most attorneys play it safe. They “price match” what other attorneys charge, or they undercut them. They’re afraid of the competition. They expect that all clients choose their attorney based on price (they don’t) and believe they have to be competitive to get their “share” of the work that’s available.

They operate in fear, not confidence.

Who’s to say you can’t charge more than you do? Who’s to say you’re not as good as other lawyers who charge more, if not better?

I don’t know if you have what it takes to be “one of the most expensive” attorneys in your market, but I have long advocated setting fees that are at least in the upper one-third of the market. Obviously, most attorneys don’t.

If you’re not good enough yet, do what you have to do to get there. But if you are, don’t let a lack of confidence or a fear of losing business to other (cheaper) lawyers stop you from getting what you’re worth.

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Filed Under: Career satisfaction, Fees and Billing, Increase your income, Legal industry Tagged With:

Get better results by asking better questions

October 30, 2014 by
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Yesterday, I spoke with an attorney who wants to increase his income and is transitioning into a new practice area. It turns out that if he had a choice, there’s something else he’d rather be doing career-wise and it’s not practicing law.

I slammed on the brakes and asked him to write a one page, “ideal life” scenario dated five years from today. I said there were no rules, he didn’t have to follow logic to explain how he got there, “just describe your life as you want it to be five years from today.”

Because you can completely re-make your life in five years.

Write your scenario in the present tense. It’s already happened. You’re living the life you want, doing the things you want, being with people you want.

What does your typical “ideal day” look like?

I’ve given this exercise to many people, and done it myself. I’ve found that people often have trouble being honest with themselves about their ideal day. They don’t believe that what they really want is possible so they choose something different, something they think is possible, or something they think other people in their life would approve of.

When you do this exercise, you must forget possible. Ignore “how” (for now) and simply describe “what”.

The idea is that once you have described your ideal life, you’ve got something to work towards. “Start with the end in mind,” and work backwards to make it so.

Anyway, today I was clicking my way through the Interwebs and found a blog post that asked readers a provocative question I thought was on point:

What would you do with your time if you weren’t allowed in your house from 8am – 7pm, didn’t have to work, and your children were being taken care of?

Answering this question can help you describe your ideal life scenario.

Once you have done that, once you know where you want to go, the next thing you have to do is figure out how to get there. You do that by asking yourself another question.

In the post, the author says

The better questions we ask ourselves, the better the answers will be. . . Your subconscious mind. . . will start working out ways to answer your question.

So, if you constantly ask: ‘Why do I never get what I want in life?’ Your subconscious mind will go to work to help you find the answer and it will always be negative. Whereas if you constantly ask yourself ‘How can I make this possible? your subconscious mind will get to work and start looking for ways to get what you want.

To get better results in life, first ask, “What do I want?” Then ask, “How can I get it?” Your subconscious mind knows the answers.

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Filed Under: Career satisfaction, Increase your income, Mentors & Coaches, Personal development, success

More on lawyers testing a “mimimally viable product”

October 16, 2014 by
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In response to yesterday’s post about expanding your practice by offering a “minimally viable product” (service) to test the waters, I heard from two lawyers who disagree. Their comments and my responses follow.

The first lawyer I heard from added this comment to the post itself:

Not very good advice here, and would possibly lead one down a path to malpractice, test a “minimally viable service”? really?

The “start up world” is not analogous to the practice of law

Could offering a service you’re not competent to handle lead to malpractice? Of course. If you’re not at least minimally competent to handle this new service, don’t offer it. I never suggested otherwise.

If you’re thinking of offering estate planning services, for example, you wouldn’t start by offering to form offshore trusts if you’ve never done that before. You would start with simple wills, powers of attorney, and health care directives, assuming you know where to find the forms, how to fill them out, and what questions to ask to determine if the client needs anything else.

The operative word in the term “minimally viable service” is “viable”. It means the product or service does what it’s supposed to do. It may not have all the bells and whistles or options, but it solves the client’s problem.

This is the second comment, received in a tweet from Richard W. Smith:

“David – enjoy your posts, but disagree with this approach: “Make it as attractive as possible, and price it as low as possible”

He didn’t elaborate, but I’m guessing he doesn’t have an issue with making your service and offer as attractive as possible, he disagrees with the idea of pricing it as low as possible.

If we were talking about offering your regular services, I would agree. I’m the last person to suggest wholesale discounting or competing on “price”. In fact, I believe and have often said most lawyers don’t charge enough. But things are different when you’re testing.

When you’re testing a new service, you want to know if there is a market for it. Your goal isn’t to maximize revenue or profit, it is to see if you can get anyone to buy. So you offer a minimally viable service at an attractive price point. If your test works, if you get clients or opt-ins or inquiries, you then add to the offer (more features, more options), raise the price, and put more time and money into marketing.

If you don’t get “sales,” or you decide you don’t want to handle that new practice area after all, you close the door and move onto other things.

I should have added that in testing the new service, you shouldn’t price it so low as to cheapen what you are offering. Test a new service (or market) by asking for a fee that is low enough that your “price” isn’t the reason prospective clients don’t hire you, but not so low that they think something is wrong with you or the service.

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Filed Under: Fees and Billing, Increase your income, Marketing legal services

Grow your law practice by adding new services

October 15, 2014 by
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So you want to grow your law practice and you’ve got an idea for a new service. Do you work out all the kinks and then offer it to the world? If you’re like most lawyers (i.e., perfectionists, slightly paranoid, risk-adverse), there’s a good chance you’ll never launch that puppy.

Instead, consider borrowing a concept from the start-up world. The idea is to create a “minimally viable product” (service) and offer it not to everyone but to a segment of your target market. Do it quickly and see if anyone wants it before you spend a lot of time or money.

Make it as attractive as possible, and price it as low as possible, but don’t polish it until it’s all shinny and near perfect. Get something out there, flawed though it may be, and see if it sells.

If it does sell, improve the service and put more effort into marketing it. If it doesn’t sell, if it’s what they call in the real estate investment world a “don’t wanter,” move on.

Don’t waste time working on something until you know people want it. It doesn’t have to be great. Good enough is good enough for testing purposes.

If you’re concerned about offering a service that’s not yet up to your usual standards, test it outside of your primary market. Put up some Google ads or Facebook ads and see if you get some traffic and opt-ins before investing your time learning the ins and outs of the new service. Or, partner up with another attorney who offers that service. If you get some “sales,” you can turn those clients over to them while you brush up on your knowledge and skills.

You can also use this concept to test marketing strategies for your existing services. Write a report in a day or two (instead of weeks) and put it out there to see who “buys” it (signs up for your list or inquires about your services). If you get decent results, go back and expand and improve the report and offer it in more places. If it doesn’t work, pull it and try something else.

What new service could you start testing?

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Filed Under: Increase your income, Marketing legal services Tagged With:

Marketing your legal services as if your life depended on it

October 7, 2014 by
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Many lawyers tell me they’re doing the best they can to bring in new business. But they’re not. Not even close.

How about you?

Be honest. Are you serious about marketing or is it something you do here and there? Do you do it every day or do you wait until you’re in a slump?

Okay, let’s play “what if”. C’mon, it’ll be fun.

What if you had to bring in ten new clients by the end of this month or. . . you would die? Literally. If you don’t have ten new clients signed up by the close of business at month’s end, terrorists will behead you.

For realz.

If this was true, what would you do? Would your attitude towards marketing your legal services be different? How much time would you spend on marketing? How much money?

The clock is ticking. What would you do?

What are you not doing that you would start doing immediately?

What would you do more? What would you improve?

Would you drain the kids’ college funds and run a bunch of ads, even if you’ve never advertised before? Would you get your ass out the door and get to some networking events? Would you personally call every former client you’ve ever had to see if they have any work or referrals?

If your life depended on it, what (exactly) would you do?

If you’ve ever told yourself you’re doing the best you can to bring in new clients, now you know the truth. If you’ve been honest with yourself, you know you could do more.

Now you have to make a decision. Business as usual, or something different? Your life might not depend on it, but your future sure does.

For a simple marketing plan that really works, get The Formula

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Filed Under: Increase your income, Marketing legal services, Marketing Plan, Personal development

Creating a walk-away law practice

October 1, 2014 by
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How do you build a law practice you can one day own but no longer run? It starts with wrapping your mind around the concept that you don’t have to do everything yourself, or even closely supervise everything yourself.

You have to (eventually) delegate all of the work in your office.

If you don’t, you’ll never be able to walk away.

This is very difficult concept for many attorneys. We’re used to being in control. We thrive on micro-managing. Our egos fight against the notion that someone else can do what we do.

We also have a very difficult time dealing with the risk.

The truth is, your employees and outsourcers can get you in a lot of trouble. It is a very real risk. But that’s what errors and omissions insurance is for. That risk, and the insurance premiums we pay to minimize the potential damages therefrom, are a cost of doing business.

Building a business (law practice) is not about the elimination of risk. It’s about the intelligent management of risk. You do the best you can and if things go wrong, you deal with it and move on.

You can either live with this risk and the stress it might cause, or you cannot.

If you’re willing to take these risks, or you’re not sure if you can, dip your toes in the water. Delegate something and see what happens. Then delegate something else. Hire someone if you have to, but get someone else doing some of the things you now do.

The second thing you need to do to ready your practice for a walk-away future is create a detailed operations manual for your office. Everything you do should be memorialized, with forms and checklists and documentation of every process.

Pretend you are going to franchise your practice. Someone is going to open an office and do everything you do. They’re going to pay you to learn how to clone your systems, and then pay you a percentage of their revenue.

Make the effort to document your systems in enough detail that someone else could truly step into your shoes.

When you get this right, it will allow you to open a second office if you want to (or third or fourth). You’ll also have a valuable resource for hiring and training new staff or temps. And, if you’re ready, you can start reducing your work hours at the office. Eventually, you can tip-toe away to semi-retirement.

For more on delegating and creating systems, see The Attorney Marketing Formula

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Filed Under: Increase your income, Law office management, Productivity Tagged With: , ,

It’s better to own a law practice than to run one

September 30, 2014 by
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An article in our local newsletter featured a neighbor who recently changed careers. I don’t know what they did before but a couple of years ago, they bought a fast food franchise and they recently opened a pizza restaurant in the food court of our local mall.

The couple have two young children and my wife commented that running two restaurants sounds like a lot of work. I pointed out that running a restaurant isn’t the same thing as owning one.

As the owner, you have employees who run the day to day operations. You may check in once a day, once a week, or once in awhile, but as long as you have good people working for you, and good people supervising those people, there isn’t lot for the owner to do. And, if you get big enough, you could structure things so that you don’t have to do anything at all.

Many restaurant chains are owned by investment groups. The owner-investors are not involved in the daily operations.

Most small businesses, and that includes most small law practices, aren’t there, however. The owner, or the partners, are still very much involved in running the business, and running a business is a lot of work.

Would that it could be otherwise.

What if you didn’t have to go to the office today, or for the next six months? What if the practice ran without you?

That would be nice, wouldn’t it? Scary, but you could get used to it, right?

Granted, a law firm isn’t a restaurant. Lawyers have more rules to follow with respect to supervising employees and such, and great penalties if they don’t, so you might never be able to go home and be a passive investor.  But you can come close.

And you should.

Because then, you could use your time any way you want to, to do anything you want to. You could even go to work if you want to, but because you want to, not because you must.

I encourage you to work towards this ideal. Work towards the point where other people do most of what needs to be done. You can (eventually) hire all the lawyers and legal assistants and other employees you need, and people to supervise them.

Seriously, put this on your list of goals. Because it’s better to own a law practice than run one.

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Filed Under: Increase your income, Law office management, Leverage, success Tagged With:

A recipe for better clients and bigger income

September 23, 2014 by
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The other night my wife and I watched “Jiro Dreams of Sushi,” a documentary about “Sukiyabashi Jiro,” a famed sushi restaurant in Japan and it’s master chef and owner, Jiro Ono. Actually, she watched it while I dozed, but I caught enough of it to realize a few things.

First, if the reaction of the restaurant’s patrons is any indication, I probably should try sushi one of these days. His customers practically swooned as they consumed their meal, and this in a country that eats lots of sushi.

The second thing I realized is that Mr. Ono is earning a small fortune. The bill for a meal starts at 30,000 yen, which is around $300, and you have to make a reservation a month in advance. That’s for locals. Customers fly in from all over the world and book a year in advance.

What’s the reason for his success? He charges premium prices for a premium meal. He uses only the best fish, which is laboriously prepared and presented. The result is an amazing culinary experience, earning Mr. Ono’s restaurant a coveted “Three Stars” in the Michelin guide.

And it’s a little hole in the wall.

Clean as a whistle, but no atmosphere. Just ten seats. You sit at a counter, Mr. Ono serves you and watches you eat, gauging your reaction. No dilly dallying, mind you. He serves, you eat, and you’re done. “No soup for you!”.

Actually, there is no soup. Or noodles or appetizers. Just sushi.

Anyway, the point is that if you want to have better clients who fly in from all over the world to hire you and pay you higher fees and tell everyone they know about you, you can, if you offer a premium service. Find something you do and make it the best of it’s kind.

You will attract the best clients, the ones who value quality and are willing to pay for it. By charging premium fees, you need fewer clients. But you will have just as many hours available each day and can devote more time to each client. This will allow you to deliver remarkable service that generates repeat business and referrals.

You’ll have it easier than Mr. Ono, however, because he has discerning customers who instantly know that his work product is the best they’ve ever tasted.

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Filed Under: Client loyalty, Fees and Billing, Increase your income, Marketing legal services Tagged With: ,

You’re not thinking big enough

August 19, 2014 by
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If you’re not wealthy, there’s a good chance you’re not thinking big enough.

In, 10 Ways in Which Wealthy People Think Differently About Money, the author says, “The wealthy think big”:

When you focus on just surviving through retirement or paying the mortgage, you will just survive through retirement or pay the mortgage. Your brain needs something big to dream about. You must aspire to be something huge. Stop dreaming of only a million bucks. Write down the biggest dream you can think of and multiply it by 10. That’s thinking big.

I agree. You get what you focus on, big or small, good or bad, so you might as well focus on the biggest and best.

Money may not be your primary motivation in life. I get that. But let’s put aside that debate for now and continue to use money as a metaphor for success because that’s how we keep score and because more money means you can do more of whatever else it is you want to do, even if that means giving away most of that money.

Anyway, if you haven’t already done so, before reading further, do the exercise. Pick a big number and multiple by ten.

Got it? Let it roll around in your brain for a few seconds. Imagine yourself in possession of that amount. That’s your annual income. Or your total assets.

Now, don’t think about whether or not it’s possible or how you could do it, just answer this question: When you think about that number how do you feel?

Does it feel good and proper or does it feel like an impossible dream? Does it feel exciting and make you smile or does it make you nervous or fearful?

If it feels good, great. Continue thinking about that number (or a bigger one) and use it to pull you forward towards a wealthier future.

If it doesn’t feel good, we need to talk.

Okay, no lectures, and no psycho-babble about self-esteem or about negative money messages that were drilled into you at an early age. But if the thought of big money scares you or makes you feel anything bad, it means something.

For one thing, it means you’re not on a path towards wealth. Your subconscious won’t allow it. It doesn’t want you to feel bad, it wants you to feel good. Pick a smaller number. Keep going smaller until you feel good about the number. Your subconscious mind approves of that amount.

So now what? If your logical brain says you want big(ger) money but your subconscious brain says you can’t have it, do you give up and surrender to your inner fears and limitations?

No. What you do is forget about the dollar amount for the time being and find a thought about money that feels better when you think it. If thinking about earning ten million dollars makes you nervous, reach for a thought you can accept. You might think, “There are things I could do to earn more than I earn now,” for example.

How does that thought feel? If it feels good, move forward. Think more thoughts that feel good about the subject, and keep doing that until you feel good about the subject most of the time.

What happens is that over time you’re subconscious begins to accept those increasingly positive thoughts about money as truths and good for you, not something it needs to protect you from. It will then guide you towards activities that lead to results that are consistent with those thoughts.

In other words, don’t try to force yourself into thinking big. It’s not about will power. Simply reach for a thought about money that feels better and continue doing that. Before long, you will find yourself thinking big about money, or at least bigger than you did when you started.

The process needn’t take a long time. Practice thinking thoughts that feel good (about money or anything else) and in thirty days or less you will see demonstrative changes in your attitude towards the subject.

Your attitude guides your activities, your activities determine your results, and your results determine your happiness. (Cue Pharrell.)

There’s the bell. Class dismissed. Open book test on Friday.

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Filed Under: Increase your income, Personal development, success Tagged With: , ,
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