See how Family-Law Dominate Google
Here's that marketing video I promised you.
Andrew Woolley probably wants to keep it secret.
http://screenr.com/ADC (shh...don't tell him).
Here's that marketing video I promised you.
Andrew Woolley probably wants to keep it secret.
http://screenr.com/ADC (shh...don't tell him).
I've prepared a little video about
One of my clients has 100% satisfaction as his A referral is the signal that your client is loyal. If the client is paying you, great. But it is not full loyalty until they begin referring clients to you. The test for loyalty is; Will the client do business with you again, and will the client refer others to you? If loyalty = getting referrals doesn’t it make sense to encourage them?
I've told him it's not good enough.
Why?
Because satisfaction is a given. But it's loyalty that counts.
What's the difference?
Well...my wife may be satisfied...but I prefer her to be loyal...
(Geddit?)
So what's the sign that your clients are loyal?
http://www.greatlegalmarketing.co.uk/di/247916
I call them Young Seniors – baby boomers now in their 60’s. They aren’t ready for classic “retirement”. They aren’t expecting to live on reduced income. They aren’t waiting to die. In fact many of them are looking at remaining active through their hobbies, starting a new business (not tied to a desk or commute), and looking to live between two or three locations. You won’t get far by calling your services “Services for the Elderly”. Because they don’t consider themselves elderly. Young Seniors is a better term. So perhaps look at your services and give them a make-over. You provide the legal advice on Equity Release schemes. And a financial adviser provides the products. But you retain the client as your client. After all, they are more likely to trust a solicitor than a financial adviser. And why not go to all the financial advisers you trust and ask them to let you market Wills and Trusts to their clients and you market their Financial Services to your clients? Maybe you could do a short talk with them at the golf club, tennis club, sailing club and all the other places that wealthy “Young Seniors” hang out. PS When I joined Reading Football Club (I’m the portkabin to Premier League kid) the first thing I did was start up the Young Royals. Note that I didn’t call it Junior Royals. Kids want to be older. Seniors want to be younger.
I'm going to take a look at what
Great Legal Marketing members
do well over a few newsletters.
Because as far as I know you are
well ahead of the curve on legal marketing.
First up is a new member, Data Protection And IP Lawyer Pritchetts Law.
I like the way she writes this article with a good biography,
good sub-headings (for people like
me that scan the page) and
a good top ten list.
Here's the article link.
http://www.legalrss.co.uk/pritchettslaw/threat-of-500k-data-protection-fines-from-6-april-2010-stephanie-pritchett-releases-top-10-data-protection-compliance-tips
Pritchetts Law is run by Stephanie
Pritchett.
Too often I see boring articles, written
in leaglease that you can't send out
to a client base or as a press release.
Remember it's about leveraging all your
marketing to get the maximum return.
Here's my expert guide to article writing - click here
Which means anything you write or record
should be able to go out to at least 5 different
channels...e.g. local paper/radio/client base/
chamber of commerce/partners.
Next up...
Andrew Woolley's http://www.family-lawfirm.co.uk
and how they get business nationwide...
And if you see any great examples out there
please let me know.
PS
If you don't have a Data Protection
and Privacy lawyer but your clients
want this service...get in touch with Stephanie.
(hint...a way for you to make more money without
doing the work).
Time with your family and for yourself is important. And it got me thinking this Bank Holiday week end. One of your goals has to be to “make money whilst you sleep.” Because everyone must look at ways of leveraging their expertise. And not get paid just for "time". And that's when you start dreaming of the ideal future. Imagine if you could spend 4 days out of the office every week doing what you want to do. Imagine knowing that your website is attracting thousands of visitors who then buy 100's online legal services from you every week. Imagine the documents are filled in by the customers and get reviewed by your team of freelance solicitors who all work from home. Oh, and all that compliance business is taken care of. And you just come in to the office once a week to do manage it all. Isn’t this how you’d like to set up your business if you could start from scratch? I’ve been looking at the service from Direct Law and think this type of direct selling to customers could have the same disruptive effect that Direct Line had in the insurance industry. Before Direct Line, you went to a local broker, who performed a service in finding you a good deal. Or so you thought. But along came Direct Line and did it...well...direct. And others followed. There’s probably a lot to gain by local solicitors being the first to offer direct services in their geographic market. Because getting a Will from a local solicitor still means something. And having a downsell i.e. lower cost Will service is a great offering to those who like a lower price and convenience and to those that just can’t afford a higher price. Having a Will sold on line and then reviewed by a solicitor will also mean that you can increase the price of the pure “face to face” Will service. You can probably increase it enough to pay for the software to run the online Will services. It’s early days. But direct sales of online legal services has the potential to disrupt the legal market as much as Direct Line did. And when you figure in back-end services (because you have a trust relationship with the customer, you may find these your most profitable clients. You owe it to yourself to check these things out. Check out this Illinois Divorce Lawyer in the US It may take a couple of years to work all this to a level where you are working only one day a week. But it’s a great goal to have.
“You can’t compare apples and oranges.”
I’m sure you’ve heard that expression, maybe from your grandma or your mother.
I’m going to tell you that in business it doesn’t pay to take her advice.
I hear from many salespeople that the product they are selling can’t compete on price with their competition.
That they can’t sell the product any cheaper because they’ll go out of business.
The reason that selling purely on price isn’t a long-term strategy is because you will always be beaten.
There’s always someone that will do a better deal to get in the door, will discount more heavily or offer a product of lower quality that your customers and prospects will accept.
Sure, people love superior quality, they just don’t always like to pay for it.
So your challenge is not to compete on the same terms as everyone else.
If you’re not winning the game, change the strategy.
Make it impossible for buyers to compare your product on price alone.
What action can you take?
Look at your product or service with fresh eyes.
Can you add value, bundle products together, extend warranties, offer guarantees, delivery and completion speed?
What can you offer as a free premium?
Can you offer a checklist of things your product does that your competition doesn’t?
Invent an unfair advantage for your product.
Make it impossible for your competitors to keep up with you.
Use apples to oranges comparisons and eliminate price resistance.
Yes there's still a chance you can write that
article about "Should Employees be docked pay
if they didn't turn up to work during the Volcano
week".
Because employers still don't know what to do.
Take a look at these comments on the
Teacher's website
So if you haven't sent out an email alert to your clients
with the basics (and cross selling) then why not do it
today? You can even do a search on Twitter to get ideas
for real time problems you can answer on your email.
Check this out
If you are like me, Stephen Fry on QI may be your cup of tea.
I admit I don't watch every second. Because I'm Tweeting.
What I do is I set up scheduled Tweets on Twitter so I can
set and forget. And this is the video of the tool I use to
do this - click here for the solicitors Twitter scheduling tool video
It's free for law firms.
Remember what you can do with Twitter - solicitors Twitter idea
I've been searching the globe for law firms that don't do billable hours.
Why?
Because you can only work 40 hours a week.
Which means you are limited in terms of productivity.
Plus, you are limited because you are not leveraging true value.
I.e what value you are delivering to the client which may be much
more than the billable hour.
Subscriptions will flourish. Because knowing what you are paying out
each month makes it easy to budget. And knowing what you
are getting in each month makes it easy to manage.
Virtual law firms, where previously unhappy, experienced lawyers work
on a retainer/commission structure will bloom. Lower overheads
for the controlling company and more flexibility both sides.
Technology is what prospects/clients want to get in touch.
Why traipse into expensive real estate offices of a law firm
when you can just as well skype from home/office.
Law firms will continue to discover niche areas and work faster and flexibly
on smaller scales. These individuals or firms will not be restricted by
geography, but more their expert status and how well known they are.
Solicitors that survive and thrive will be those who learn how to become
Great Legal Marketing firms because technical quality is expected yet Legal
Service Quality is what is most in demand.
Here's the list of legal marketing greats;
http://www.family-lawfirm.co.uk/About-Us/default.aspx Woolley and Co - Based in Warwickshire.
Axiom Legal. In a nutshell they’ve used the professional consultant business model (and corresponding cost structure) and employee former big firm lawyers and experienced in-house counsel that charge half the rate.
www.strozfriedberg.com competent technology focused attorneys who would traditionally work for a large law firm but choose to utilize their skills by consulting
(www.rimonlaw.com). They are a virtual law firm based in San Francisco that use top-tier American expat lawyers.
Outside Counsel Solutions at http://outsidecounsel.net/about.aspx. Their US attorneys provide top-quality legal counsel to clients all over the USA, from offices in New York and Jerusalem, at highly discounted rates.
Volcanos are in the news.
Thousands of employers want to know if they
can dock the pay of their staff that don't turn
up because of ash.
And thousands more probably want to know
if they can dock pay if staff don't turn up
because of accidents, trains and automobiles.
If you are an expert on employment law or
employee rights...
Have you written your USEFUL and VALUABLE
article for your website
and sent it out to your list of business clients via email?
And your local media? So you can do interviews?
Just like Berwins do on radio http://twitter.com/#search?q=volcano%20ash%20employment
Here's a story you can use for inspiration.
http://www.personneltoday.com/articles/2010/04/19/55280/volcano-update-employers-not-obliged-to-pay-stranded-staff-say.html
Write that article tonight instead of watching
TV.
Always use what's going on in the mind
of prospects to get yourself noticed and do your solicitor
"expert marketing".
It's called "Theatre of the Mind" and you can use a Twitter search
to find out in real time just as I did.
Just type in to Twitter search function the
subject you want to eavesdrop on.
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.
Read more...Fancy doing Estate Agents a favour? And getting refferals
in return, (through reciprocation)?
More than half of Estate agents do not have any lone worker policies in place,
with no safety procedures in place for staff who carry out viewings
or valuations on their own. See the story here
If you advise on employment law then you can help agents.
You can develop this opportunity for your law firm.
Send out a Resource Report titled,
"Everything You Must Do By Law To Protect Estate Agency Staff
When Doing Lone Viewings."
Make an offer in the report to offer a bespoke service. Offer it at a high price.
Then also make an offer for a discounted price i.e. take off £100 for every
conveyancing job you receive in return.
Remember as solicitors you must identify the problem, agitate it and then solve it.
You know what the problem is, (I've told you), you use the report to agitate, you
offer a bespoke service to solve it and an offer to make it easy.
And you can do a solicitors video report like this instead!