You can expect what you inspect

Share

In marketing legal services, you need to know your numbers. You need to know where prospects and new clients and website traffic are coming from so you can do more of what’s working and less of what isn’t.

Knowing your numbers allows you to cut expenses (time, money) and increase profits.

For starters, ask your new clients how they heard about you. If they found you through a search engine, ask which one, and which keywords they used. If they saw one of your articles or blog posts or videos, on your site or elsewhere, ask them to identify it. If someone shared one of your blog posts or social media posts, which one?

Do the same for prospects who call to ask questions or schedule a consultation.

If the client or prospect was referred to you, you need to know the source of the referral. Was it a client? Another lawyer or other professional?

Who was it? What did they say about you?

You need to know so you can thank the referral source, even if the referral doesn’t become a client. When you show people that you appreciate what they have done, they are more likely to do it again.

What you recognize, grows.

Of course you also want to know which of your referral sources deserves more of your thanks and your attention. You may know 100 lawyers, but if four or five are sending you more referrals (or better referrals) than the rest, you’ll want to send your referrals to them.

When someone calls your office, they should routinely be asked where they heard about you. Your intake form should ask this question.

Because you need to know.

You can track referrals and other metrics with a simple text document, a spread sheet, or on a legal pad.

Once a month, examine your global numbers, i.e., how much new business (traffic, opt-ins, etc.) you got for the month, and from what sources. If one of your articles is drawing lots of traffic to your site, you need to know this so you can write more articles like it. If you’re getting more business from referrals and less business from social media, knowing this will help you know where to invest your time.

In addition, once a month, look at your numbers for each individual source of business–each ad, your blog, speaking, individual referral sources, etc.

Know your numbers, because you can expect what you inspect.

Share

Help clients find you before they need you

Share

Hockey great Wayne Gretzky was asked how he was able to get so many good shots on goal. After all, he wasn’t the only one on the ice. How did he get the puck so often?

“I skate to where the puck is going to be, not where it has been,” he said.

Lawyers need to do that with clients.

Figure out where your clients will be and what they will be doing before they need your services, and get there first. All of the other lawyers “on the ice” are waiting until prospective clients go looking. You’ll already have the puck and they won’t have a chance.

What are your clients doing one month or six months before they hire you? What are they reading? Who are they confiding in? What are they doing?

Answer this question, and get your name in front of them before they decide to hire a lawyer.

If you handle divorce, for example, your clients are probably reading books and blogs and articles and watching youtube videos about property rights and custody standards. Create your own books and articles and videos and advertise on or write for sites that offer this type of content.

Your clients are probably talking to people, like counselors, tax advisors, financial planners, real estate agents, and business lawyers. These folks can send you referrals, so find them and network with them. Stay in touch with your former clients because their friends will talk to them and ask about their experience, and if they can refer them to a good lawyer.

You can also create generic consumer or business content. If you handle personal injury, write a report on how to save money on auto insurance. If you represent small businesses, write a report on how to negotiate a better lease. Promote your reports and build a list.

Help clients find you before they need you. Figure out where they will be and get there first.

Share

Watch me pull a rabbit out of my hat

Share

I’m going to write a blog post today and show you my process. I want you to see how simple it is, and how quickly it can be done.

While I was out shopping with my wife yesterday, I thought about two of our neighbors who have just repainted their houses and wondered how they chose their painters. I remembered how we chose our painter, Mr. Kim, the last time we repainted, and wrote down the topic for today, in Evernote. This morning, on my walk, I came up with the Bullwinkle-inspired title for this post.

When I got to my desk, I wrote down the topic, and set a timer for five minutes. I started the timer and wrote, without stopping. When the timer sounded, I had written 253 words for the first draft.

I set aside the first draft for a few minutes, came back and wrote what you’re reading now. I spent a few more minutes editing the first draft. The final version of the post, not including what you’re reading now, is 340 words.

This post isn’t brilliant. I made a good point, and made it interesting, I think, by referencing a personal anecdote.

Total writing time today, approximately 15 minutes. And I’m done for the day.

So, here’s the post:

====
WATCH ME PULL A RABBIT OUT OF MY HAT

Two of my neighbors just repainted their houses. As I watched the painters working, I thought about the last time we repainted and how Mr. Kim and his brother did such a good job for us. He put on two coats, and this has lasted a good ten years or more. I’m not sure, but I wouldn’t be surprised to find that our neighbors had one coat done and will have to repaint again in a few years.

The Kim brothers were very thorough, clean as a whistle, and very low priced. When we paint again, we’ll use them again.

I found the Kim brothers through my former secretary. Her husband is a meticulous shopper, very detailed oriented, and drives a hard bargain. He was a banker for most of his career, so I guess this isn’t surprising. He did a lot of research before hiring the Kim brothers and told us how happy he was with them. Good enough for me.

Friends ask friends for referrals. Especially with expensive purchases. We depend on referrals because they save us time and money and help us avoid the risk of making a bad choice. This is true for finding a contractor, or a lawyer.

I thought, what if I had been referred to the Kim brothers not by my secretary’s husband but by a lawyer I had hired. I’d be grateful to that lawyer for his help and I would assume he could help me with other referrals, to other contractors, businesses, and professionals. I’d go back to him when I needed a referral, and when I needed a lawyer again, he’s the one I would call.  I’m sure I would refer clients to him, too.

The point is, every lawyer should make a point of being a resource for their clients and prospects. They should go out of their way to seek out high quality businesses and professionals and recommend them. Their clients will be happy, hire them again when they need them, and send them referrals. So will the businesses and professionals he or she recommends.

Want more referrals? Go find a good painter you can refer.

Share

How to motivate clients to send you more referrals

Share

You can’t pay clients for sending you referrals. Not cash, anyway. But you can reward them nonetheless, and thus motivate them to send more referrals.

Reward them? Yes, by including them in your inner circle. The one you have established to recognize your best clients. You know, the clients who hire you most often, send you the most referrals, and otherwise help your practice grow.

Clients who qualify for your inner circle get a special invitation, a scroll or plaque, or maybe a polo shirt with your firm’s name on it.

Nice. But you can do more.

You might invite inner circle clients to special “client dinners” with guest speakers (who pay for the dinner in return for being able to offer their services). You might invite them to your firm’s Christmas party, bar-b-que or beach party. Do you play golf? Perhaps the best of the best get to join your foursome.

If your inner circle clients own a business or professional practice, you feature them on your website and in your newsletter. You might take their employees out to lunch.

Inner circle clients get preferred access to you. You take their calls first, return their calls first, and respond to their letters first.

You might periodically enter the names of inner circle clients in a drawing for a new iPad. Maybe one lucky winner gets their legal fees free that month.

You talk up your inner circle in your newsletter. You congratulate new inductees and prize winners. You promote the upcoming event. Your other clients, the ones who haven’t yet made the cut, hear about the inner circle and want in.

You might establish qualifications for joining your inner circle, or keep it at your discretion. You can invite all clients who pay their bills on time, or only invite clients who send at least one referral every six months.

Whatever you do, those who are in will want to stay in, and those who aren’t will want to be invited. Everyone will talk about your inner circle, everyone will want to be on your team, and everyone will do more to be included.

If you like this idea, your next step is an inner circle for professionals you send you referrals. It works the same way. Behavior that gets recognized and rewarded gets repeated.

Share

Marketing is NOT just a numbers game

Share

Attorney Bruce Stachenfeld writes that marketing is unpredictable and random. You don’t know who will respond to anything you do so the best thing to do is to have more interactions with more people.

Spend more time “out and about,” he says, interacting with more people, and let the results come as they may.

He’s right, but only to a point. You don’t know who will hire you, provide referrals or introductions, or otherwise help you, so the more interactions you have, the more chances you have to “make rain”.

He doesn’t mention interactions with people via other methods–social media, speaking, articles, blogging, advertising, direct mail, and so on, but I assume he would agree that those count. Get yourself and your message in front of more people and you’ll get more business.

But it’s not that simple. It’s not just a numbers game. Not even close. Who you interact with, either personally or via another medium, is often more important than how many.

Dance with the wrong people and you’ll forever spin your wheels. Dance with the right people and you not only increase the odds of something happening, you increase the odds that when it does, it can happen on a much bigger scale.

If you are an estate planning lawyer and you want high income clients, doesn’t it make more sense to network with financial advisers who have well-to-do clients, rather than school teachers?

And then there is your methodology. The strength of your marketing materials, how your offer is packaged, how well your message is articulated and delivered, your follow-up sequence, your salesmanship, and many other factors, all affect your outcomes.

When you meet people, your interpersonal skills, grooming, likability, and other factors, are also key.

Stachenfeld, who has a math background, says,

“Mathematically, spending twenty-four working hours writing an article may not be as useful as spending those twenty-four hours doing other things, like contacting people to talk about ideas, getting together with them, calling others or even playing a round of golf.”

Maybe. Maybe not.

Maybe you aren’t that good at networking. Maybe you hate golf. And maybe the article you spent extra time crafting hits all the right buttons and you get ten new clients from it within a few days.

Marketing is a numbers game. Math is a part of it. But so is art.

How to get better results from your marketing

Share

Career day for fourth graders

Share

Did you attend your child’s third or fourth grade class for career day? Do you remember explaining what a lawyer does and making it as interesting as possible? Tough to do when you’re competing with Joey’s dad who is a professional magician, but you did it.

You explained what you did, who you helped, and why it is important. You helped some future lawyers see that being a lawyer is cool.

If you had to do it again (or for the first time), what would you say?

Think it through and write it down, or record it. This is a valuable exercise, even if you don’t have any kids.

It can help you explain what you do to prospective clients and referral sources. It can also help you create content for your website, articles, and presentations.

You don’t necessarily have to write at a fourth grade level, but keep it simple enough that your ideal clients can follow.

Here are some ideas to prime your mental pump:

  • What kinds of clients do you represent? What kinds of problems do you handle? Give some examples of real clients you have helped.
  • What’s the first thing you do when a new client comes to you? What do you do after that?
  • Do you charge by the hour? Flat fees? Why? How is this better for your clients?
  • Why did you become a lawyer? What do you want to accomplish in your career? Do you have any role models?
  • What’s the best way to find a good lawyer in your field? What questions should someone ask?
  • What’s the hardest part of your job? What’s the worst case or client you have had?
  • What are you most proud of about your work? What do you like best about what you do?
  • How is your practice different from others in your field? What do you do that other lawyers don’t do, or what do you do better?
  • Who would make a good referral for you? If someone knows someone like that, what should they do to refer them?
  • What questions do prospective clients and new clients typically ask you? How do you answer them?

Take one of these and write a few paragraphs. It won’t take you more than a few minutes and you can start using it immediately. And, if you run into a fourth grade class and are asked to speak, you’ll be ready.

Share

The lifetime value of a client

Share

Most lawyers invest more time and money in acquiring new clients than in retaining existing ones. And yet the cost of retaining clients is a fraction of the cost of acquiring new ones.

If you want your clients to keep coming back to you, the first thing you need to do is to realize that it’s worth making them happy.

And it is.

Your average client is worth so much more to you than what they pay you for their initial engagement. Their value is an average of all of the fees they are likely to pay you in the future, over their lifetime as a client.

Some clients won’t come back because they don’t need you again, but others will hire you frequently. Some will have small cases, others will have big ones.

And every client can send you referrals, which also count towards their average lifetime value.

Once you understand that the client who pays you $5,000 this year might contribute an average of $150,000 to your bottom line over their lifetime, you will appreciate why it is worth investing in them.

If you only look at the $5,000, you might resist the idea of spending $50 per client per month to stay in touch with clients via a newsletter, birthday cards, and small gifts. If you look at their lifetime value, however, you might look for ways to invest even more.

Consider the cost of acquiring a new client. Take everything you spent last year on anything that could be considered marketing (and don’t forget the value of your time) and divide that number by the number of new clients you signed up.

If you spent $2,000 to bring in one new client who pays you $150,000 over their lifetime, you did well. So I’m not saying you shouldn’t try to bring in new clients. Just that it’s more profitable to keep your existing clients coming back.

It’s also much easier to get existing and former clients to hire you. They already know you and trust you. You don’t have to find them or convince them that you can do the job. If they need your services and you kept them happy in the past, you don’t have to do much to get them to hire you again.

The most effective marketing strategy for any professional is to make an ongoing effort to keep their clients happy. Find out what they want and give it to them. Encourage them to tell you how you are doing and what you could improve. Find out what they expect of you and do everything you can to give them more.

Because over their lifetime, they are worth a fortune to you.

Share

It’s official: I’m running for President (but don’t vote for me)

Share

No matter what you think about politics, there’s no question that it can be a great way to advance your professional career. You get to meet a lot of influential people. You get your name and face in front of potential supporters and future clients. You get to sharpen your speaking and networking skills. And for the rest of your life, your bio will note that you are a former candidate for office, meaning you aren’t the average schmo.

So consider running for office. Just make sure you don’t win.

If you win, and you’re honest, you’ll have to take a big pay cut. If you want to continue to win, you may have to sell your soul.

Okay, it might be alright to win an unimportant local office, but only if you can serve part time. Just don’t get carried away and think about running for higher office, unless of course you are already wealthy and/or idealistic to the extreme.

Another way you can ride this pony is to work behind the scenes to support a candidate. Your name may not become well known to the public, but you get to go to rubber chicken dinners with people who can send you business, teach you about marketing and building your brand, and introduce you to other influential people.

So yes, I’m running for President; if you want to work for my campaign, let me know. I can’t pay you anything, and remember, we’re not going to win this, so if you’re really talented or hard working, please don’t apply for the job.

That’s all for now. I’ve got to finish working on my concession speech.

Share

Don’t stop to pick up pennies or you’ll miss out on the dollars

Share

At one point in my legal career, another lawyer and I were flipping real estate. The market was hotter than Hades and we were making a boatload of money.

I thought, “Why not get a broker’s license and get a piece of the commissions, too?”

Bad idea.

Many brokers didn’t want to work with me. Others were willing to do so but brought their best deals to other investors first.

If you compete with people who bring you deals, you get fewer deals.

I got rid of my broker’s license.

I also realized that if I wanted brokers to bring me the best deals, I had to make it clear that I would never try to cut their commissions, as many investors do. But I took it a step further. I told them that if I made money on the deal, I would cut them in on the profit. In addition, when it came time to put the property back on the market, I assured them that they would get the listing.

Guess who they brought their deals to?

If you want insurance agents and financial advisers to send you referrals, get rid of your insurance and securities licenses. If you handle divorces and you want referrals from business lawyers, think twice before you include business law on your list of practice areas. If you have bar licenses in other jurisdictions where you don’t actively practice, consider retiring those licenses.

When you compete with people who send you referrals, you get fewer referrals.

Think about where you earn most of your money, or want to, and focus on that. Don’t stop to pick up pennies or you might miss out on the dollars.

Share

Paying for referrals and getting away with it

Share

Okay, let me first say that you need to check with whoever regulates you and make sure that this is something you can do. I’m covering my behind by telling you this so please cover yours.

It’s a very simple idea, really. But it could bring you a lot of business in the short term, and a lot more long term.

You’ll need a website (that you control) and a way to capture email addresses. An autoresponder is your best bet. You can see what I use and recommend here.

Yes, you can also do this “old school,” i.e., manually, but you’ll get better results if you automate everything and spare yourself some calluses.

Now, you’re not really going to be paying for referrals. You’re not even going to ask for referrals. Not directly, anyway. Instead, you’re going to ask people to help you build your email newsletter list. You ask them to refer subscribers, not clients.

As people come to your website to subscribe, they see what you do. Some of them hire you, or take the next step in that direction.

After people subscribe, you stay in touch with them. You send them helpful information, and information about what do. Over time, some of them hire you. Or send you referrals. Or send you other subscribers who hire you and send referrals.

Build your subscriber list and you build your client list.

You can stop right there if you want to. Simply ask your clients, friends, readers, subscribers, social media connections and anyone else who will listen to help you build your subscriber list. They’ll help you because they like you. They also want their clients and contacts to know about you and the goodness you offer.

Ask them to Tweet, Like, post, and otherwise recommend your newsletter or download link (for a report, ebook, or other incentive) and your list will grow.

No legal or ethical issues with this, right? Where it gets iffy is when you offer to compensate them for doing so. But doing so could multiply your sign-ups manifold. If you would otherwise get 100 sign-ups, offering compensation might get you 1000.

What you do is announce a contest. Anyone who sends subscribers has their name entered in a drawing for a prize.

How do you track this? How do you know who sent subscribers?

The simplest way is to hold another drawing for all of the new subscribers, with an equally spiffy prize. When you draw their name as the winner, you email them and ask them who referred them and they both get a prize.

There are other ways to “pay” people for their help in building your list. You can sell your book, for example, and set up an affiliate program. There are many others. But if you are allowed to do so, a drawing is a simple and effective way to pay for referrals and get away with it.

For more ideas, get The 30 Day Referral Blitz.

Share