Archives for October 2012

The most important part of a live presentation

October 31, 2012 by
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Last night I did a one hour presentation. At the end, I was introduced to a young man who had been in the audience. The gentleman who introduced him told me what the young man liked best about the presentation: my suit.

Not my content. Not my delivery. Not my jokes. My suit.

I didn’t know if I should take this as a compliment or an insult. Didn’t he like what I said? After all, he was there for information, not a floor show.

Granted, it was a nice suit and I was wearing a very spiffy red tie, but what about what I said? Did I. . . blow it?

Not at all. He was persuaded by what I said and wanted to take the next step. He just liked my suit.

I thought about this and realized that while content is important, it’s not the only thing you have to get right in a presentation. People look at your appearance. They notice the lighting and sound quality, the music, even the coffee. All of the little things are important and you have to get them right.

A month from now, if this young man thinks about last night he’ll probably remember my suit. Not my name or anything I said. My suit and my snazzy tie. That’s the image he’ll remember. Someone else might remember a song they liked, the hostess’ smile, or a story I told that evoked a pleasant memory.

People rarely remember what you said. And that’s okay. What you say isn’t the most important part of the presentation. The most important part of a presentation, what people remember long after it’s done, is not what you said, it’s how they felt when you were saying it.

When you give your next presentation, whatever the objective–a verdict, a new client, or a response that says “tell me more”–don’t rely solely on your content, however logical and persuasive it might be. You have to get all the little things right, too. Do what you can to make people feel good about you, about what you’re saying, and especially, about themselves. Use humor if you can. Tell stories. Make sure the coffee is good. And wear a nice suit.

The Attorney Marketing Formula really works. More clients, more income. Hey, it’s a formula.

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Filed Under: Communication, Marketing legal services, Presentations

Undecideds win close elections and build law practices

October 30, 2012 by
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In a close election it is undecided voters who carry the candidate or cause to victory. One of the biggest blocks of undecideds are “low information” voters–people who ordinarily don’t pay much attention to politics until a few weeks before the election.

Another block of undecideds are supporters of third party candidates who, at the last minute, realize their candidate doesn’t have a chance to win and are open to choosing another candidate.

In most consumer-based law practices, prospective clients are “low information voters”. Unless and until something occurs in their life (divorce, accident, arrest, lawsuit, etc.), they won’t pay much attention to anything you might say. They don’t have a problem (that they are aware of) and they aren’t in the market for an attorney.

In a business oriented law practice, prospective clients are often “third party supporters”–they have an attorney they are reasonably happy with and aren’t looking to switch, at least for now.

In either case, your prospective clients aren’t interested in what you can do for them. They won’t notice your ads or ask their friends for a referral. There’s no impending event that forces them to pay attention.

But eventually there will be. Your objective is to be there when that occurs.

Your strategy is to put mechanisms in place that allow you to be found and recommended when prospective clients are finally in the market for an attorney. Depending on your practice area, target market, and personal preferences, this might include:

  • A strong Internet presence–blogs, search engine optimization, social media connections
  • Referral strategies–equipping your clients and professional contacts with information they can disseminate
  • Search-based advertising–classifieds, PPC, directory ads
  • Networking–meeting those who are in the market and the people who can refer them

Position yourself to be found when prospective clients realize they have a problem and go looking for a solution. This is usually more profitable than targeting “pre-need” prospects–people who don’t yet have a problem or aren’t ready to do something about it.

However, you may also want to target pre-need prospects who have a problem but don’t fully understand the risks or their options. Estate planning seminars, for example, can be effective at persuading “no need” and “vaguely aware of a need” prospects into becoming paying clients.

The best plan is to target all three types of prospects. Focus primarily on those who are looking now, but don’t ignore those who will be looking later.

The Attorney Marketing Formula shows you six key marketing strategies for getting more clients and increasing your income.

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Filed Under: Marketing legal services, Marketing Plan Tagged With: , , ,

Why good attorneys achieve mediocre results

October 29, 2012 by
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An expert, addressing a group of lawyers starting their own practice, offered this advice:

“Your goal, if you expect to have lots of happy clients and turn a sweet profit, is efficiency. That means creating systems, for instance, that eliminate double and triple entry of information—client information, case information, conflicts information—and looking for systems that save you time and reduce paper and administrivia [sic].”

I agree that efficiency is important. You should use systems and tools that eliminate redundancy and waste and allow you to maximize your time and effort. I credit much of my success to developing these systems and using the right tools. But while efficiency is important, effectiveness is far more so.

Efficiency means “doing things right”. Effectiveness means “doing the right things”. The difference is crucial.

You can be inefficient (i.e., sloppy, slow, distracted, riddled with mistakes, etc.) and amazingly successful in your career, if you are doing the right things. I know people who waste a lot of time and money and don’t get a lot of things done but are at the top of their field because they get the important things done.

I know others who are very efficient but achieve no better than mediocre results in their careers because they are efficient at the wrong things.

It’s far more important to choose the right practice area, for example, than to have the latest software. You’ll earn more by focusing on marketing instead of accounting. Your amazing library isn’t nearly as valuable as your amazing client relations practices.

Many attorneys achieve mediocre results because they major in minor things. They master the details but forget the big picture. They’re climbing the ladder of success, only to find that the ladder is leaning against the wrong wall.

Yes, you want to be good at what you do. Just make sure that you’re doing the right things.

If you want to be effective AND efficient, get The Attorney Marketing Formula.

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

Why lawyers should target clients who WON’T hire them

October 26, 2012 by
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Are you planning to upgrade to Windows 8? I’m not. At least not right now.

I use Vista on my PCs. It’s not the most feature rich or trouble free, it’s certainly not the fastest, and in no way would anyone say it’s the best OS. But it works. So why switch?

If I switched, I might find that like any new software, Windows 8 has bugs or conflicts or other issues that cause me headaches. Why take the chance? I remember thinking the same thing when Windows 7 came out.

So, for now, I’ll stay where I am.

Guess what? It is this same mindset that keeps your clients from “upgrading” you. They’re used to you. You’re working. You may not be the best, but they don’t want to risk switching because your replacement could be worse.

So unless you’ve screwed up, your clients will probably stay with you. If you haven’t neglected your clients, they’ll probably return. Inertia keeps me from upgrading my software and it keeps clients from “upgrading” you.

But what works for you also works for other attorneys. Their clients will also stay put. So, if your marketing strategy is based on getting clients to switch firms and hire yours, you’re going to have a tough time of it.

However. . .

Eventually, some of those those other attorneys will screw up. At that point, their clients will be open to hiring another attorney. You should be there when that occurs.

But how do you do that? How do you get in front of prospective clients at precisely the moment when they are again “in the market” for a new attorney?

You have two options:

1. Advertise. Keep your marketing message in front of your target market. When someone is ready to change lawyers, they may (finally) notice your message and respond.

2. Build relationships. Network with prospective clients in your target market, even though they are happy with their current attorney. Be “number two” on a lot of lists and when “number one” screws up, dies, or retires (or has a conflict of interest), there you’ll be.

There’s a lot of money to be made signing up clients who are ready to upgrade their attorney. Just make sure your version is bug-free.

Get The Attorney Marketing Formula and learn key marketing strategies for getting more clients and increasing your income.

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Filed Under: Client loyalty, Client relations, Marketing legal services

Another lesson from Apple: how to get clients to pay higher legal fees

October 25, 2012 by
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Yesterday, I wrote about Apple’s pricing strategy with the new iPad Mini. Instead of competing with other tablets for the low end of the tablet market, they’re letting other companies duke it out while they target the more profitable high end. The same is true for their entire product line.

Apple fans are willing to pay more for Apple products (and stand in line to get them) because they believe it’s worth it. They believe they get more value for their dollar.

Style is certainly one aspect. So is functionality. But more than anything, I think what appeals to Apple users is ease of use.

Apple’s slogan, “It just works,” is arguably responsible for converting legions of PC users, frustrated with complicated, buggy, and virus prone machines to the Apple brand. True or not, the impression Apple’s marketing team has created is that with Apple products you won’t have continual crashes or blue screens, and you won’t have to take a class to learn how to use it. You just turn it on and it works.

And that’s exactly what Apple’s customers want.

Well guess what? That’s what your clients want, too. At least the clients you should be targeting. They want to know that when they hire you, you’ll get the job done.

They don’t want complications. They don’t want to know the boring details. They want the peace of mind of knowing that when they hire you, they’ll be in good hands. If you can give this to them, they’ll pay you more than what other attorneys charge.

Now I know many attorneys will cynically argue that their clients are very price conscious and won’t pay a penny more if another attorney will do it for less. And that’s true–THEIR clients are price conscious and won’t pay a penny more. But that’s not true of all clients.

Didn’t the PC world say the same thing about Apple when their prices first became known? “Why would anyone pay double for something just because it’s nicer looking?”

The answer was, and still is, because “it just works.”

You can follow in Apple’s footsteps. Target the higher end of the market for your services. Show them that when they hire you, everything is taken care of for them. They won’t have to worry about getting a bill filled with surprises, or an attorney who doesn’t explain things or return their phone calls. Show them that “you just work” and they’ll pay you more. Because it’s worth it to them.

Learn how to earn more than you ever thought possible. Get The Attorney Marketing Formula.

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Filed Under: Attorneys fees, Fees and Billing, Image, Increase your income, Marketing legal services Tagged With: , , , ,

What Apple’s new iPad Mini can teach lawyers about pricing legal services

October 24, 2012 by
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So everyone is buzzing about Apple’s new iPad Mini. Comments abound about the features, or lack thereof, but the number one topic of discussion is price.

Many predicted (hoped?) Apple would price the Mini in line with what Amazon, Barnes & Noble, and Google are pricing their tablets, in the neighborhood of $199-$249. They said that in so doing, Apple would crush the competition and own the small tablet market. Instead, the lowest priced Mini is offered at $329.

Many observers are questioning Apple’s strategy. How can they compete with tablets priced so much lower?

The answer is they’re not even trying.

Avi Greengart, research director for consumer devices at Current Analysis, told The Verge, “I think what Apple has done here is create a new category of premium small tablet.” The writer Greengart spoke to summed up Apple’s strategy thusly: “[I]t appears Apple is simply opting out of the low end of the market altogether, much like it’s done with personal computers.”

Greengart continues: “I don’t think this puts Amazon, Barnes & Noble, or Google out of business, but it means that those three — and anyone else entering that market segment — are all competing against each other for the budget consumer.” [emphasis added]

Apple is letting everyone else compete for the low end of the market while it offers a premium product to the smaller but more profitable segment of the market that is willing to pay a premium price.

This is exactly what lawyers should do.

Most lawyers offer the same services at the same prices to the same prospects. Everyone looks the same and says the same things. Nobody stands out. Everyone is average. And so the average lawyer gets average results from their marketing and earns only average income.

The better strategy is to offer higher quality services to those who are willing to pay for them.

Marketing is easier because you have something better to offer. Marketing is less expensive because you’re not trying to deliver your message to everyone. Other lawyers can’t compete with you because they don’t offer what you offer. And your income is higher because your clients are paying more.

You may not have Apple’s resources or “sex appeal” but you can follow the same strategy they do. Let other lawyers fight over the masses while you offer a better “product” to a smaller, more profitable segment of the market.

Most lawyers will never do this. They won’t offer premium services and, frankly, don’t even know what that means. That makes it so much easier for you.

How does Apple compete with Google? It doesn’t. How do you compete with other attorneys? You don’t.

The Attorney Marketing Formula shows you how to offer premium services and get premium fees.

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Filed Under: Fees and Billing, Image, Increase your income, Law office management, Marketing legal services Tagged With: , , , ,

The power of focus: how one new habit can transform your practice or your life

October 23, 2012 by
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Darren Hardy, publisher of Success Magazine, tells the story of Paul O’Neill and what he did as the incoming CEO of Alcoa. It was 1987 and O’Neill was being introduced to investors and analysts for the first time. To everyone’s chagrin, O’Neill didn’t talk about growing market share, lowering expenses, or expanding markets. He didn’t talk about anything directly related to increasing the company’s profits. Instead, he turned everyone’s attention to the subject of safety.

It wasn’t that safety was such a big issue or that there was a direct correlation between improving it and increasing profits. O’Neill later said he wanted to disrupt everyone’s habitual thinking and get them all focused on one thing. Hardy calls this “one thing” a “Keystone habit,” “a pattern of behavior that has the power to start a chain reaction, changing other habits as it moves throughout the organization.”

To everyone’s surprise, it worked. Focusing on improving safety led the company to record growth and record profits during O’Neill’s tenure.

In explaining how focusing on one habit can create seemingly unrelated results in other areas, Hardy cites another example, a dieting study. The participants in the study were told to concentrate on writing down everything they ate at least one day per week. Nothing more. It turns out that this one habit led to other habits, which in turn led this group to lose twice as much weight as everyone else.

Even more surprising was how many of the participants

. . .reported big improvements in other areas of their lives… areas they weren’t even focused on, but awareness and improvement in one area, with noticeable results, bolstered their self-confidence and informed them about other areas of their life, which also improved. It had a rippling effect throughout most every other area of their lives.

Hardy notes that if you want to transform some aspect of your life, trying to adopt too many new habits is unsustainable. He challenges his readers to choose one new habit and track it, and I am challenging you to do the same.

Pick something and commit to it. Make a change and watch how other things change.

Could something like going for a twenty minute walk three days a week actually lead to an increase in your income? Will writing a weekly blog post for your practice improve your marriage?

I don’t know. But I do know that you’ll be healthier and get more clients.

Get in the habit of focusing on marketing. Get The Attorney Marketing Formula and learn how.

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Filed Under: Personal development Tagged With: , , ,

A simple way to get clients to choose you instead of other attorneys

October 22, 2012 by
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I know something about you. At least I think I do. I know that the services you offer are pretty much identical to what other attorneys in your market offer.

Am I right?

If I am, you have a problem. And an opportunity.

The problem is that when you offer essentially the same services other attorneys offer, it’s harder to stand out. “Why should I choose you?” clients want to know.

There are many ways to differentiate yourself from other lawyers. One of the simplest is to enhance the “value proposition” of your services by offering something different.

No, not radically different. A divorce is a divorce after all. A small change or addition to what you offer is enough to differentiate you.

What could you add to the services you offer that would make you “a little bit better”? Could you add a bonus service? A guarantee? Free updates or reviews?

Fill in the blanks: “When you hire me to handle your _____________ (legal matter), not only do you get _______________ (services), you ALSO get_____________ “.

A divorce lawyer might give clients a free “Will/Living Will package”. A bankruptcy attorney might provide information and advice on “Re-Building Credit after Bankruptcy”. A PI lawyer might provide an insurance policy review, showing clients how to save money and improve their coverage.

By the way, the “something extra” you offer can be provided by another professional. For example, our divorce lawyer might offer his clients a “financial makeover” provided by a financial planner or CPA.

Offering something extra, something other attorneys don’t offer (or don’t promote) could be just enough to get clients to choose you instead of other attorneys. But there’s something else it might do: allow you to charge more than other attorneys.

When you offer more value to your clients, you are worth more. Clients can fill in the blanks, too. If they say about you, “Yes, he charges a little more but with him, I also get _________”, not only will they choose you instead of other attorneys, they’ll pay more for the privilege.

Get The Attorney Marketing Formula and learn more ways to differentiate yourself from the competition. 

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

The myth of “finding time”

October 19, 2012 by
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Several readers caught my mistake in yesterday’s post. Instead of writing “meditate” I wrote “mediate”. Freudian slip? Subconscious lawyer mind echo? Nah, just a typo.

Coincidentally, I was reading an article today about meditation. It begins with the statement, “People say the hardest part about meditating is finding time to meditate.” The author points out that because meditation is seen as “doing nothing,” it’s hard for people to justify the time.

His point is that by understanding the benefits of meditation, which include making us more productive, we can then see the value of taking the time to do it.

This is true. It’s true of any activity. If there’s no perceived value in doing something, why bother?

So, when people say they don’t have the time to do something, or that they need to find the time to do it, aren’t they really saying they don’t see enough value relative to the time required for doing it?

Yes. (I like answering my own questions.)

In truth, we usually find time for the things that we value. We only say things like, “I don’t have the time,” when we are being asked to do something we don’t value, or don’t value enough.

True, we have obligations imposed upon us by work or family or school, but even then, you don’t have to “find the time” to do them. You do them because you see the value, i.e., the pleasure of doing something for someone you love, avoiding embarrassment, keeping your job, and so on.

So, if you find yourself saying or thinking you don’t have time to do something, before you try “to find the time” or feel guilty for not trying, ask yourself if what you are contemplating doing is really worth doing. Often, the answer will be no and you can let it go.

You don’t have to “find the time” to do things that are important to you. You just have to be honest enough with yourself so you know what is important.

If earning more is important to you, The Attorney Marketing Formula should be a priority.

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Filed Under: Personal development, Productivity, Time Management Tagged With: , , ,

Are you thinking about quitting the practice of law?

October 18, 2012 by
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I just heard from an attorney who says he’s thinking of getting out of law. He’s been very successful in the past, not so much right now.

He was looking for “inspiration” so I asked him if he really wants out or would he choose to continue practicing if he could again be successful.

I told him not to use logic to answer, but to look to his feelings.

Your logical mind will lie to you. It will tell you to you what you’ve habitually said to yourself over the years, or what your parents have said, or what you think you should say. Your logical mind will have you say, “I’ve invested all these years in building my career, I can’t just walk away from it and start over.”

Yes, you can. People do it all the time.

You can talk yourself into or out of just about anything. You can add up all the pluses and minuses, examine your skill set and other interests, talk to your loved ones, and seek the guidance of mentors. With logic, you can come to a measured, intelligent decision about what to do. But would it be the right decision?

When it comes to making a big decision like this, don’t trust logic, but don’t ignore it, either. Examine the facts. Let them incubate in your subconscious. Plot out the alternatives. Give yourself a month or three to think it through.

And then, before you make your decision, go get drunk or meditate or go to the beach and stare at the waves. Think about the alternatives and ask yourself, “what feels better?”

My grandfather always told me to “trust my gut”. I’m offering you the same advice.

If you decide to stay in your practice, do yourself a favor and order The Attorney Marketing Formula. You’ll thank me later.

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Filed Under: Career satisfaction, Inspiration, Personal development Tagged With:
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