Marketing is easier when you use leverage

November 26, 2012 by
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As I mentioned last week, this Wednesday, at 2 pm PT, I’m being interviewed and you’re invited. Among other things, I’ll be talking about my latest marketing course, The Attorney Marketing Formula.

One of the themes throughout The Attorney Marketing Formula is leverage–getting bigger results out of the same effort. A simple example of leverage in marketing a law practice is the use of forms and checklists. You invest time to memorialize a process and then use that process over and over again, saving you lots of time, reducing errors, and impressing the hell out of your clients who see how remarkably well organized you are.

Another example of leverage is focusing on your current and former clients as a source of repeat business and referrals in preference to other ways of seeking new clients. There are much lower costs associated with marketing to people who already know, like, and trust you, and much better results. Even if someone can’t hire you again right now, and doesn’t know anyone they can refer, there are other ways they can help you. They can send traffic to your web site through social media, for example, or forward your email to their friends and colleagues.

A marketing joint venture with professionals and business owners to get exposure to their lists is another form of leverage. If you’re a small business attorney, for example, you could get together with an accountant, a tax lawyer, a commercial insurance broker, and a financial planner. Each of you contributes a report, article, audio, or video, and the four of you send (or offer) this collection to your lists. Or, you can put together a bundle of services for the small business owner, with discounts and/or free services from each of you, and offer this bundle to your lists.

Anyway, I hope you’ll join us on Wednesday and bring your questions. I’m looking forward to speaking with you!

Save an extra $10 on The Attorney Marketing Formula through 5 pm PT tonight, November 26th. Use discount code “thankful”.

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Filed Under: Client loyalty, Law office management, Leverage, Marketing legal services, News, Productivity Tagged With:

Get into flow and get more done by grouping your activities

October 16, 2012 by
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A friend of mine was making follow-up sales calls to prospective clients he’d spoken to previously. He commented that the mindset for making follow-up calls is different from the mindset of first calls and the two activities should be done at different times.

I agree. Don’t edit when you write and don’t write when you edit. Two different activities, two different mindsets.

My friend cold calls. When he makes a first call, he is prospecting. He moves quickly through large lists. He is sorting, looking for someone who will take his call and agree to look at some information. His focus is on the mechanical act of dialing rather than the quality of any one conversation. He knows that if he makes a certain number of dials, he will get a certain number of leads.

Follow-up calls are different. When he calls someone who agreed to look at some information, my friend is in sales mode. He engages the prospect. He asks questions to find out their hot buttons. When he knows what they want, he can show them how his service can help them get it. My friend answers questions and responds to objections. He moves the prospect forward to the next step, using finesse and skill.

It is important to my friend that he separates first calls from follow-ups because the mindset, energy, and rhythm are so different. When he’s prospecting and banging out calls, the last thing he wants to do is slow down and change gears into sales mode. It’s better to keep dialing and racking up leads and make follow-up calls later, after a break.

This is good advice for any activity. Do your work in bunches. Finish one bunch before moving onto another.

See new clients during a two hour block of time rather than spaced out throughout the day. Make all your calls to adjusters back to back. Review three files in a row.

When you get into the rhythm and feel of an activity, stay in it as long as you can. When you’re in a groove, you’ll get more done. Time will pass more quickly. You’ll get better results.

Psychologists refer to this as “flow“. One of the hallmarks of being in a state of flow is joy. It comes from being fully immersed in an activity and focusing on that and nothing else.

Joy is the catalyst to growth. The more my friend is on the phone, the better he gets at what he does (he just reported going seven for seven on first calls), and the joy he feels makes him want to do more.

When you find the joy in what you’re doing, success is imminent. You don’t need a psychologist to explain it:

The more you do of something, the better you get. The better you get, the better your results. The better your results, the more you enjoy it. The more you enjoy it, the more you want to do it. And the more you do it, the better you get.

Get better at marketing. Get The Attorney Marketing Formula.

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Filed Under: Career satisfaction, Law office management, Leverage, Marketing legal services, Personal development, Productivity

What to do when the yogurt hits the fan

October 9, 2012 by
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Something in Seth Godin’s post today caught my eye. He said, “Most things that go wrong, go wrong slowly.” That’s true, isn’t it? If you’re having challenges in your law practice, they usually take time to develop.

If you’re income is going down, it probably hasn’t happened all of a sudden. It’s probably been happening for months, maybe years. The good news is that because it happens slowly, there’s time to fix it.

When you are experiencing a downward cycle, Seth says the wrong thing to do is rationalize it and ride it out. Or, in the case of declining income, think that cutting costs is the only thing you can do.

The right way to deal with a downward cycle, he says, is learn to recognize it and replace it with an upward cycle. “Understand what triggers [a downward cycle] and then learn to use that trigger to initiate a different cycle,” he says.

So if your income has been declining, instead of waiting for the economy to improve, you have to do something to bring in more income.

But what?

Start by asking yourself some questions:

  • What did I do, or fail to do, that contributed to this situation? How can I change this?
  • What have I done before to turn things around?
  • What are other lawyers doing that’s working?
  • What do I need to learn?
  • What bad habits do I need to eradicate?
  • Who can help me? (Start with categories, i.e., CPA, marketing expert, banker, then look for candidates)
  • What do I need to do more of?
  • What do I need to get better at?

If I were coaching you, among other things, I would tell you to look at where most of your income is coming from now, or has in the past (practice area, referral sources, marketing methods, etc.) and expand this. Leverage your strengths. Do what has worked before.

And focus on what you can do, not on what you can’t do. You can’t change the economy, but you can make some calls.

If you want to learn how to earn more than you ever thought possible even if you’re in a downward cycle, download The Attorney Marketing Formula.

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Filed Under: Increase your income, Law office management, Leverage, Marketing legal services, Personal development Tagged With: ,

How self-employed attorneys can avoid burn out and increase their income

October 2, 2012 by
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One of my Facebook friends posted today: “Totally. Burned. Out. In desperate need of a day off, but then the work won’t get done. Ugh.”

He’s an attorney and works for a firm. I assume he is salaried. I assume he cannot give the work to someone else to do. He has to do it because the work is assigned to him or nobody else is capable of doing it.

Either way, he’s stuck. That’s the way it is with most jobs.

But most self-employed people say the same thing. They either don’t have any employees or partners to whom they can give the work or nobody else is capable of doing it.

Either way, they’re stuck, too.

The employee understands the trade off. They exchange their time for dollars and don’t have to deal with the administrative and marketing demands of being self-employed. They give up some of their freedom in exchange for “security” (or so they think; there are no secure jobs). The self-employed person values freedom above all and is willing to take on the additional responsibilities and longer hours, in order to “be their own boss.”

For most of my career, I have been self-employed. I worked for my father for a year out of law school and I didn’t like it. I wanted to “do my own thing” (that’s how we described it in the ’70’s). I was willing to take on the additional responsibilities and long hours and give up the “security” of a job to get it.

But only to a point.

After a few years, I got Totally. Burned. Out. I wanted to take time off, but the work wouldn’t get done. I was stuck, and that’s when I made a decision to change what I was doing.

I realized that “if the work won’t get done unless I do it,” I didn’t own a business (practice), it owned me. I worked hard but if freedom was my goal, and it was, and I couldn’t take a day off when I wanted to, or six months when I wanted to, I might as well get a job.

I decided that I would hire more people and delegate to them as much of the work as possible. I supervised them and did the legal work that nobody else could do. I soon found out that there wasn’t much legal work that nobody else could do and while that may not have been good for my ego, it was very good for my well-being and my bank account. It meant I could concentrate on marketing and building the practice, and that’s what I did.

And then, I was able to take lots of time off because I owned a business (practice) and it no longer owned me.

If you are self-employed and “the work won’t get done unless you do it,” you should consider making similar changes. Hire more people, outsource, associate with other attorneys. Do what you have to do to lesson the need for you to do the work.

Not only will you avoid burn out and increase your income, you will have more time to post on Facebook.

Your time is precious. Learn how to leverage it to earn more and work less in The Attorney Marketing Formula.

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Filed Under: Career satisfaction, Dealing with stress, Law office management, Leverage, Productivity, Time Management Tagged With: , , , , , ,

Marketing legal services like a Grandmaster

October 1, 2012 by
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In the game of chess there are strategies and there are tactics. Strategies are the plans–how you will gain space or material that leads to a winning advantage. Tactics are the battles–the maneuvering of your pieces and exchanges of material that allow you to execute your plan.

Marketing legal services is very similar. You create a plan and you execute that plan. Your plan might be to get more referrals from your professional contacts by strengthening your relationships with them. Your tactics might include sending them referrals, taking them to lunch, and inviting them to join you at your next networking meeting.

In chess, the best strategies aren’t created randomly, they emerge by observing the board. You look at your strengths, where you have an advantage, and build your strategy around these advantages. If there aren’t any advantages, you look for differences in your positions and use those differences to create your strategy.

The same goes for marketing legal services. You may not have any significant advantages over other attorneys, but you do have differences:

  • Your background, outside interests
  • Your knowledge and experience
  • Your style and personality
  • Your professional contacts
  • The size of your client list
  • Your web site
  • Your lists (email, mail, directory)
  • Your awards
  • Your publishing credits
  • Your content (articles, reports, books, audios, etc.)
  • Your niche market
  • Your experience
  • Your social media network
  • Languages spoken
  • And so on

You can use these differences to create a marketing strategy.

If you are an “Ambassador” at your local Chamber of Commerce, know how to make and publish youtube videos, or you are personal friends with a prominent blogger, these can all become a part of your marketing strategy.

Where are you different? What do you know how to do? Who do you know? Don’t take those differences for granted. They may not seem significant to you but they can be enough to create a winning strategy for marketing your services.

The Attorney Marketing Formula shows you key strategies for marketing your practice. Click here for more information.

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Filed Under: Leverage, Marketing legal services, Marketing Plan

When should an attorney hire (more) people?

September 20, 2012 by
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I don’t have any employees right now, but over the years I have hired, trained, and supervised many. Having employees allowed me to substantially increase my income and decrease my workload. It gave me the leverage I needed to grow my practice.

But just because I don’t have employees today doesn’t mean I don’t have that leverage. There are many ways to utilize the time and talents of other people without having them fill out a W-2.

In one of my businesses, I “work with” hundreds of independent contractors who contribute to my income. I’ve never met most of them. And in my attorney marketing business, I use outside contractors who provide professional and technical assistance and are very good at what they do.

Lawyers can do the same thing by using the services of paralegals, attorneys, virtual assistants and other independent contractors. The more you hire, the more time you will have to do high-paid legal work and bring in more clients.

If you’re trying to do everything yourself, not only are you working harder than you need to, you’re not earning as much as you could. You don’t have to take on the headaches of hiring employees, you have other options.

Some attorneys say they can’t afford to hire others because they don’t have enough work. I say they don’t have enough work because they’re not hiring others.

There is an African saying: “If you want to go quickly, go alone. If you want to go far, go with a group.”

Learn how to use other people’s efforts to earn more and work less. Get The Attorney Marketing Formula.

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Filed Under: Increase your income, Law office management, Leverage, Productivity

Targeting the Hispanic market by going in the side door

August 22, 2012 by
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In most of the many offices I have had in my legal career I have had Spanish speaking employees. This only made sense in a city like Los Angeles.

According to this article on the dramatic growth of the U.S. Hispanic market, today you might want to have Spanish speaking employees no matter where you practice. But there’s another way you can leverage this growing market.

The article lists seven industries that will benefit most from the growing Hispanic population:

  1. Residential buying, food (grocery and restaurants)
  2. Retail (especially clothing and electronics)
  3. Education (higher education and technical schools)
  4. Financial services
  5. Transportation (automotive and airline)
  6. Entertainment
  7. Media

Legal is not on this list, but it doesn’t matter. You can leverage the growth of the Hispanic population by aligning yourself with professionals and businesses in these industries who already target the Hispanic market.

Let’s take financial services, for example. By networking with bankers, brokers, financial planners, and CPAs who target the Hispanic market, you can grow with them.

What this means is that you don’t have to re-brand yourself for the Hispanic market in order to benefit from its growth. You can piggy-back on the influence of business owners and professionals who have already established themselves in that market.

Of course this is good advice in any market. When I moved out of Los Angeles and started over in a city where I didn’t know anyone, I didn’t merely hang up a shingle and try to compete with already established firms. I hired someone who had a lot of contacts in the market I chose to target and through him, met many professionals and business owners who already had influence in that market. My practice grew quickly because I wasn’t really starting from scratch.

The next time you want to get into a new market, try the side door.

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Filed Under: Law office management, Legal industry, Leverage, Marketing legal services, Relationship marketing Tagged With: , , , , , , , , , , , , ,

How to get a much higher return on your marketing investment

August 21, 2012 by
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Yesterday, I said “don’t settle for good when you can get great.” Clients agreeing to pass out your cards if and when they meet someone who needs your services is good. Clients knocking on doors, looking for people to refer is much better.

What I didn’t say is what might happen as a result.

Imagine what your practice would be like with an army of “unpaid sales people” beating the bushes on your behalf. Every day, people who know, like, and trust you are spreading the word about you. They’re making calls or posting on Facebook. They’ll putting your reports in their waiting rooms and forwarding your emails to their colleagues. They’re introducing you to referral sources and inviting you to speak to their employees or church group.

Do you think you might get more repeat business and referrals? Traffic to your web site? Attendees at your seminars?

Your practice would grow exponentially and your clients would do all of the marketing for you.

By the way, you can (and should) do everything I talked about yesterday not just for clients but for referral sources and other “friends of the firm.” Your clients want to help you but may not be able to do as much as a handful of equally inspired professionals with big lists.

It’s true that all of this extra attention I’m suggesting you give to your clients and professional contacts requires extra effort on your part. It takes time to get to know people on a personal level, beyond what is needed to handle their legal matter. You’ll probably spend a few dollars, too. Where do you get the time and money to do that?

Well, think about all of the time and effort (and money) you spend on marketing right now. What if you didn’t have to do that? What if you put that aside and re-invested everything in delivering to your clients the exceptional level of service we’ve talked about?

It would be worth it, wouldn’t it? Especially if you no longer had to spend time on networking or social media, or spend money on advertising or SEO.

Most attorneys finish one case and go looking for the next one. They help one client and then go looking to replace them.

Dollar for dollar, hour for hour, marketing to your clients and professional contacts is far more effective and profitable than marketing to strangers. You can market to strangers too, but you’ll get a much higher return on your investment by marketing to the people who already know, like, and trust you.

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Filed Under: Client loyalty, Client relations, Leverage, Marketing legal services, Referrals Tagged With: ,

How to make sure you never run out of clients

July 17, 2012 by
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In my practice, every time I closed a client file I reminded myself that I needed to replace it. My future income depended on it.

Early in my career, this made me nervous. I would look at the void in my file drawer where the active file had been and wonder what I could do to replace it.

At some point, I realized that every client can lead me to at least one new client, and if that’s true, I would never run out of clients.

It’s called, “the power of one”.

Every client can refer at least one new client. If not now, at some point in the future. The clients they can refer can do the same.

Of course this is not always true for every practice area. Not every client can refer, or will. But some clients will refer three clients, or ten clients.

Every client can do something to “replace themselves.” If they don’t know anyone they can refer, they know someone who does. Ask every client for the name of their insurance agent, CPA, or other professional. Ask for an introduction. Ask if you can use their name.

Every client can help you build your contact list. Ask every client to distribute your report, promote your seminar, or forward your email.

Growing your practice by leveraging your relationships with existing clients begins with the belief that what your clients pay you for the work you do is only part of your compensation. In addition to your fee, you expect them to refer at least one client or introduce you to at least one professional contact.

Some attorneys discuss this with new clients when they talk about fees. Some actually put this in their retainer agreement.

No matter what you say, or don’t say, one thing is clear: Attorneys who get more referrals expect their clients to refer.

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Filed Under: Client loyalty, Leverage, List building, Marketing legal services, Referral sources, Referrals Tagged With: ,

Take inventory of your marketing to save time, save money, and improve results

July 11, 2012 by
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Taking inventory of your marketing can help you gain clarity about where you are and make it easier to get to where you want to go.

Here’s how to do it:

Pick a period of time in the past. Six or 12 months will do. Write down how many new clients you took in during that period, who they are, and the amount of income those clients have or will generate for you.

So far, so good.

Next, look at the names of each of those new clients and write down where they came from. You need to know whether they were referrals (including self-referrals, aka repeat clients), or they came from some other source.

You can break this down any way that makes sense for your practice, but I suggest something like the following:

  1. Referrals from clients (including self-referrals)
  2. Referrals from professionals, others; networking
  3. Online (Blogging, SEO, social media, webinars, articles, etc.)
  4. Paid advertising (PPC, direct mail, display, radio, directory, ezine, banners, self-hosted seminars, etc.; if you do a lot of adverting, you should break this up into different categories)
  5. Other (Public speaking, publicity, writing (i.e., trade pubs), etc.)

Okay, now you know where the business is coming from. What now?

Here are my thoughts on how you can use this information:

  • Most of your clients should come from referrals. If they don’t, ask yourself why and what you can do about it
  • If you’re not getting business from some of your marketing activities, or they are too expensive relative to the business they bring you, consider eliminating those activities.  For example, if blogging and social media take up a lot of your time but you’re not getting the clients from it, why do it? Use that time for something that is producing.
  • There will be some cross-over or ambiguities. For example, blogging may not be producing a lot of traffic, inquiries, and new clients for you but it still has value as authoritative content you can show to prospects who come to you via referrals, or to add value for your clients.
  • If something is working for you, do more of it. You can find more time for networking, for example, by reducing or eliminating some or all of the time you spend on (whatever is not working). If advertising in trade publications regularly brings in new clients, increase your media buys in trade publications.
  • Before you cut anything, consider the “back end”. For example, you may be breaking even on advertising (or even losing money) but if you are able to get referrals from the new clients that are produced by that advertising, you’re still earning a profit.
  • If you aren’t in the habit of recording where your clients come from, you need to start. Instruct whoever answers the phone to ask everyone, “Where did you hear about us?” and add a line to your new client intake form.
  • Track these numbers going forward so that you can periodically take inventory and see where you are.

A friend of mine says, “You have to inspect what you expect”. He also says, “You have to slow down to speed up.” Take his advice. Once or twice a year, shut off the phones and email and take inventory. It will help you save time, save money, and improve your results.

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Filed Under: Advertising, Blogging, Increase your income, Law office management, Leverage, Marketing legal services, Networking, Productivity, Public Speaking, Referrals, Social media marketing, Time Management Tagged With: , , ,
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