Continuity Revenue For Solicitors

Did you know there are only three ways to make more without slashing costs.

· More customers.

· Bigger orders. (Either price or volume).

· More frequent purchases.

I describe this system as Finding, Getting, Keeping and Growing customers.

You see marketing is not just about finding new clients.

It’s the whole system you put in place.

So I got to thinking about how you can get clients to purchase more frequently.

Because at the moment, most law firms only sell the one transaction.

And then, maybe, try and cross-sell. Often not successfully.

But what if you swiped Sky TV or BBC Magazines or Golf Club ideas and created a membership?

Perhaps a service where you are guaranteed an income from each client every year.

In return for a fabulous and wanted service?

100 clients paying £500 a year? Guaranteed? (£50k)

There’s plenty of expertise that you can draw on in your own law firm and outside it.

You can offer a service for personal clients. A “Roadmap for Tomorrow”.

This could be updated annually in conjunction with a financial adviser and accountant. (With you as lead).

And of course, serviced regularly.

It certainly beats billing by the hour.

And most of this type of work can be outsourced too.

I’ve got some ideas on this myself.

And will be working on it with at least one law firm.

But for now, if you’ve got any ideas of how you can get continuity revenue feel free to share them.

And if you are doing it already - that's great legal marketing.