Showing posts with label business development. Show all posts
Showing posts with label business development. Show all posts

Wednesday, June 3, 2009

Coffee is for Closers

How many lawyers subscribe to law firm marketing services expecting clients to show up with wallets open?
One of the interesting things we hear from clients is that even though they're getting plenty of leads through their network subscription, they're not getting much actual business because other lawyers are beating them to the punch or "stealing their leads".

To Compete Against other Law Firms you Have to be able to Close

It's no different from other types of advertising in any other industry. Clients are not going to show up with wallets open asking for your help (well, ok, not ALL of them will). They're going to shop around, talk to different attorneys, consider their budget, feel out lawyers personalities, qualifications, etc.
If you're not making an effort to sell yourself, and show a potential client that you're their best option, another lawyer will.
Here's an interesting blog about selling your services to clients through a "consultative approach". Aside from all the "rainmaker" comments, it's a good read.
Not all lawyers are good at selling, but making an effort to, at the very least, talk to potential clients about their problem and offer some typical solutions used in previous cases is an easy way to develop some trust with your leads.

Meow meow

Wednesday, May 27, 2009

Optimize Your Online Marketing Spend with Offline Biz Dev

I overheard a phone conversation with an attorney who's taken a good approach to purchasing a large number of leads, even though many were not the type of case he prefers.
Often times, the complaint many lawyers will have with the results of their online marketing spend is they receive a large number of consumer inquiries regarding cases that they are not interested in pursuing.
One remedy is to focus your spend in such a way that you're only purchasing the types of leads you want. The problem is, when it comes to marketing anything online, the more constraints you put on your traffic, the more expensive it will be per lead.
Back to the phone call. This attorney was purchasing a large quantity of leads, even though many of the calls an online inquiries he was receiving were of little interest to him. But what he found, was that they were of interest to many of his colleagues.

Online Marketing Meets Old Fashioned Business Development

Every lawyer knows that a big part of an attorneys job, whether a solo practice or (even especially) at a large firm is business development. It's one of the things that's probably not taught in law school, but should be part of the curriculum.
In order to stay in business, a firm has to generate new clients. One of the ways attorneys or law firms do this is biz dev with other firms. Developing relationships with other practices, and throwing business both ways is a great way to maintain a steady flow of business.
If you're purchasing media online and developing business, why not refer those cases you don't want to another firm that does? Keeping up a varied circle of attorney "acquaintances", and sending business their way once in a while, is a sure fire way to convert unwanted leads into new business later down the road.
Don't forget to ask for referrals in return. Just a simple question, "if you ever get a case "x", thats my specialty", after referring some business to an attorney is all it takes. Keep tabs on the fruit of your relationships. If you find that some attorneys take your business and never return the favor, keep track of that and adjust accordingly.
By actively working offline and online to generate new business, you can maximize your ROI with very little time spent marketing yourself.

Ruf ruf

Thursday, May 14, 2009

Treat Internet Traffic Like Foot Traffic

If I were to walk into your office and say, "I think I have a medical malpractice case", what would you do? Ok, you'd call animal control (or pass out because you think a dog is talking to you). But if it were a real live person, surely you would take the time to ask the right questions and explain how your firm could provide the services they would need to get compensated, yes?

Internet Traffic is no Different

It seems as though some lawyers still haven't come to the realization that the inquiries they receieve from interent traffic are actual people with actual questions or problems. I say this because after talking to a few of them, they seem to think that traffic coming from their website, or blog, or other online marketing efforts is all worthless.

Because of this mentality, these attorneys fail to act accordingly to close business. Perhaps because the medium of communication is new and different, there is not the same connection that's made when a potential client walks into their office.

In order to make your online marketing spend work for you, you have to service every lead. Read this post on converting leads now for an excellent breakdown of how to maximize the business you get from internet traffic.

Ruf ruf