How Smart Attorneys Double Their Revenue in a Year
As you may have heard from me (several times) it is better to have 100 ways to get one client than it is to have 1 way to get 100 clients.
But there is one thing you should do first, actually NOW, if you really want to grow your client base in the next twelve months. In fact, this activity is possibly THE BEST way to ensure you will DOUBLE your revenue.
It is not sexy.
But it works.
What is this mysterious client acquisition tactic? Is it something on the Internet? Is it social media? Is it some new form of technology?
No.
It is called follow-up.
Good, old fashioned, follow-up.
Here’s how it works:
Let’s say you are introduced to someone by a client, friend or referral source. You have a brief conversation and you believe this person has the potential to become a client in the future or refer you to potential clients. What happens next? Usually nothing.
Replace “nothing” with these steps and you will double your revenue in a year:
1). Go to lunch: Take your new friend to lunch and learn everything you can about his business. Don’t sell yourself. Learn about him and his business.
2). Send a hand written note: Let him know you enjoyed meeting him. Enclose a business card.
3). Send your contact information in electronic form. People like to have your information in their PDA or Smartphone. Make it easy for them. Send your contact info in an email.
4). Introduce this person to someone who can help his business. This point is critical. You need to go the extra mile and actually HELP your new prospective client. You must give something before you can expect to receive something.
5). Provide them with something of value a least every month. This means you should send them something they will enjoy every month. It can be a newsletter. It can be a greeting card. It can be a phone call where you touch base and help them solve a problem. The key is to help them remember you by providing them with something valuable.
People do business with people they know, like and trust. If you implement a simple follow-up and monthly contact system you will reap the rewards.
It takes about six months for people to get used to interacting with you on a consistent basis. But once they realize you are interested in helping them, they will warm up to the idea of trusting you with their most important matters.
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