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One of the first things I review with attorneys is the variety of ways they attract new clients. At first, I am usually greeted with a blank stare when I pose the question: “How many different ways do you have to attract new clients?”
The puzzled look is followed by a statement like:
“I can’t afford too many marketing initiatives. I rely on referrals and word of mouth.”
The folks who offer up this response have three specific problems:
They have made a decision to cap their income. The fewer ways you have of attracting new clients the less opportunity you have to grow your firm’s revenue. Keep in mind, I love referrals. I think you should have a system for nurturing referral relationships. But referrals will generally come from people who know you, like you and trust you. Most of us – even the super-networkers – will have a limited sphere of influence from which we can attract referrals.
They do not know that there are more personal forms of marketing. Networking is a great way for attorneys to make contact with potential clients but the follow-up from networking (which is marketing by the way) is how the relationship grows. Educational events are fantastic ways to introduce the value you provide to potential clients. Writing articles, giving speeches and serving on the board of directors of a charitable organization are all ways to develop new relationships and new potential clients.
They are looking for the magic bullet. They want one way to attract 100new clients. They want the easy money that comes with running ads or mass mailing. The trouble with these forms of marketing is that they are expensive and their effectiveness is often fleeting.
The key to developing new client relationships lies in the diversity of your marketing efforts. I have been developing business strategy for my entire career (22 years) and I say with confidence that I have seen very few individual marketing methodologies that consistently attract hundreds of clients – yet I have seen hundreds of ways to attract one client. The key to growing your law practice lies in improving the diversity of your client attraction tactics.