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Archive for the 'REPUTATION' Category

It happened today again. A managing partner of a boutique law firm had never “attempted marketing” because he felt he wasn’t creative enough. In fact, most of his clients already come from [what I dub, passive] referrals. I’m guessing you’re a bit more creative (or at least you have your moments)… You’re at least pro-active enough with your practice marketing to read this blog post!

As you know, most attorneys and CPAs aren’t “good at marketing,” nor do most claim to be (… or want to be, in some cases). I am often challenged with the “I’m not creative” belief from my clients. They hope to get “new ideas” from me.

As a marketing advisor I must coach my clients to develop doable pro-active marketing skills. They need not become Mad Men! Practice marketing need not be very creative (ingenuity is always wonderful). In fact, too many ideas can become distracting.

I’m sure you also know many peers who think they have tons of great ideas… and fail to execute diligently. In fact, I contend that most of ‘client development’ is an accumulation of simple, everyday, habits. It may be as simple as turning reactive “waiting for referrals” word-of-mouth into pro-active education networking.

Creativity is fun and imaginative.
Still, it takes consistency, diligence, perseverance to complete a task, a project, a goal.

As a marketing advisor I help to generate ideas.
We brainstorm and prioritze.
Moreover, I help my clients to stay the course.

Way beyond creativity lay consistency.
After all, we learn through practice, practice, practice.
Branding is a matter of repetition, repetition, repetition.

Unfortunately, staying consistent can become boring.
Armchair “idea research” seems productive, but rarely yields clients.
What do you think?

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  • Tipping Point, by Malcolm Gladwell
    Unleashing the Ideavirus, by Seth Godin
    The Influentials, by Edward Keller and Jonathan Berry
  • The phrase ‘Center of Influence’ or COI is used often in sales & marketing, especially within the Insurance, investment, and financial services sector. Rather than marketing to them, we market through Influentials. Favoring the hub-and-spoke model, I agree with the strategy. It’s its execution I question.

    The phrase ‘Center of Influence’ or COI is used too often in sales & marketing, especially by financial advisors. Not every CPA is a COI. Not every advisor exhibits the same amount of Influence. In fact, how can we measure Influence anyways?

    Influence presumes following: Thus, measure the followers - measure the Influence (sort of, close enough, and at least materially). [Sure, we can be ‘moved’ emotionally by Influence, not just physically. But we expect thought to lead to action - especially when it comes to marketing & sales.]

    It’s not always as easy as measuring followers of a blog, e-mail list, or LinkedIn 2nd degree reach (or twitter followers). The Centers of Influence in our off-line world must be ‘measured’ in less specific ways. (Besides, online following doesn’t necessarily equate to off-line action.)

    I like to synonymize COI as Group Leaders. That is, I ask my clients to list people who “lead groups: any type of group: professional/trade association, networking group, civic association, golf outings, charity dinners, etc.”

    While bureaucratic leaders may not wield the type of charismatic influence as we would want, at least they produce results. People show up, sit down, shut up, and listen… and spend money. Blunt; yet this is what we want our COI to do for us, eh? Those who ‘lead ad hoc groups’ showcase more charismatic influence than those leaders with titles. They naturally attract a crowd of listeners, fans, friends, etc.

    Utilities like LinkedIn help us organize our database by Influence.

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    Mark V Bullocksuccess-formulaSeveral recent experiences, both personally and professionally, with my clients & others have deeply reinforced to me what I’ve held as an accurate & authentic formula for what it takes to be successful as a Practicing Professional. I assert it holds true regardless of the state of the economy, or almost any other forces we may encounter. In fact this (not so) secret formula seems to hold whether you are a practicing professional, a business owner or an employee. I assert that the (not so) secret formula, as it became more apparent to me a few years ago, is simply the following:

    To be successful, you only really need to:

    1 - BE People Centric

    2 - BE Technology Literate

    3 - BE Branding & Marketing Focused

    And

    4 - Do Great Work

    Here’s how I distinguish these four tenets of success: Click Here…For the rest of the story

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    Mark V BullockIn an Advisory, Consulting, Coaching model, potential clients often start out skeptical, then get enthusiastic when you show them the results that are possible for them when they engage with you. Then the reality sets in - that they will have to do something & be in action in ways that they are not comfortable or familiar with, and certainly they are not in the habit of doing things the way that you propose.open-to-partnership.jpg

    This all leads to their concern (fear) over what it’s going to take from them to “get over the hump” in order to get the results they want. Ultimately many then become resigned, focusing on all the reasons they can’t do what you propose, and then come up with every conceivable “objection” (real or imagined) to engaging with you. Price is the most prevalent objection, even though it is rarely the “real reason”. The real reason is that they either don’t see the value, or more likely, that they are afraid they won’t be able or willing to do what they need to do (their part) to create the results they want.

    I recently converted a prospect into a client that followed this path. They were originally a “yes for sure”, then canceled, then a “not now, but definitely later” and finally a “let’s get started now” confirmed new client.

    As for the how – I went above & beyond in offering Business Coaching (I’m also an experienced Business Coach) to help them move past what was standing in the way (themselves). This was as simple as a no-fee coaching session, and a couple of phone calls & emails. More importantly I refused to just give up (I wouldn’t buy into their resignation in the matter), but I was also not “attached” to gaining their business or desperate in any way. I just committed myself to their success – and – committed to their becoming a client now vs. later and the value that I could provide for them if they did.

    The question is – where can you go above and beyond for a potential client, adding value up-front, that shows your commitment to their success? Perhaps you could show them a path forward, a way that they can do what they don’t believe they can’t do, to get the results they want.

    Mark V Bullock Partner / PMA www.PracticeMarketingAdvisors.com www.MBullock.com

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    Today Michael Arrington took a break from his extremely popular blog TechCrunch; read his blog post. You may not know his name; but in high geekdom, in the Web 2.0-mosphere, in the blogopshere… Michael Arrington may as well be a deity. And I’ve read enough blog commentary and outright reports about Michael’s Arrogance. Maybe he is… or maybe he is stand-offish for rightful reasons. Or sick and tired of being pitched all the time… I can only imagine.

    But this brings up a more serious question… NOT “what will happen to his blog?” For Michael has empowered other writers to contribute to his blog; like a magazine - not a column. TechCrunch is an institution; not a personal brand. And I’m sure Michael’s brand will be preserved (in whatever perception people have). [Incidentally, I am also proud of how Dan Schawbel has brought on other writers on his Personal Branding Blog. Likewise, I welcome Barry & Mark that have begun to post here too.]

    That’s lesson #1 to be learned. Leverage your personal brand: Create intellectual property that no requires your physical presence. Musicians create albums, then create labels. Trump is not just a real estate developer. This way you can take a break, and keep rollin’.

    But there’s another lesson opportunity raised…
    It’s a frustration raised to me by luddites, naives, the confused or complaining alike.
    “Facebook and all that blogging stuff just makes my personal life too… public.
    I like my business communications to stay… professional.”

    Of course, it is said to me with a sneer or disappointment. I have to smile. And I have to comfort. … I listen and nurture, before predicting and advising. If they’re nice :)

    First I explain, (more…)

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    Stories where you’re quoted helps promote your “expertise brand” - as is my case with the Wall Street Journal’s Startup Journal & Entrepreneur magazine some time ago. But I prefer to help my clients create on-going columns and other articles, as is my case with Long Island Business News and Financial Advisor magazine.

    While being quoted helps get your name out there, regular articles helps to get your expertise out there. Getting your articles regularly published in professional journals, local newspapers, and colleagues’ newsletters is actually easier than being in the right place at the right time for journalists (as PR agents do).

    My latest articles can be found in Personal Branding magazine, where I interviewed “G” from FOX’s Secret Millionaire - about his own personal branding success tips. You can also read my latest column in the New York Real Estate Journal in this week’s issue.

    The first step is to write… which is why blogging is a great start. Having a cache of 2 or 3 articles enables editors/publishers to take a look at your work. Many times they can will publish it as-is, or request a new (unpublished) topic. The traditional column length is 700 words.

    The second step is to mine your relationships for media contacts… which is why LinkedIn, etc. is a great start. Ask your centers of influence and other colleagues about writing for their newsletters, contacts at local/regional newspapers, and trade journals.

    The third step is to a) learn more about these publications & b) develop a relationship with these contacts. Like any business relationship, don’t begin with a pitch. Rather, start with questions. You should already know if they’ve covered the kind of topics you want to write about. (Avoid a foot in mouth response: “Umm… actually… we published something like that last month.”)

    Yes, it takes more time than simply “cold e-mailing” your articles… but relationships are more valuable than transactions. For example, last January, one of my clients had introduced me to the publisher of the New York Real Estate Journal. She was overwhelmed with professional and personal pressures that prevented us from developing our relationship. Now exactly a year later, we’ve begun to add value to one another - and to her readers. Likewise, I’ve since been quoted by Long Island Business News several times since ending my series of business columns.

    With due diligence and diligent efforts, you too will develop a long list of media quotes and better yet, published articles. Have you been quoted some place? Do your articles appear regularly in publications? Comment below; we get about a 1,000 readers every week.

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    Blogging DON’T

    In addition to the blogs I typically read, I use Google.com/ALERTS to keep me apprised whenever any blog or article uses a phrase I’d be interested in (e.g., “practice marketing”): Often these two lists overlap. Case in point, this morning I read a great post by Kevin O’Keefe who writes the “Real Lawyers Have Blogs” (which conveniently, properly, and ethically promotes the LexBlog ‘bLAWg’ platform). His latest post berated an attorney who did what I refer to “on-line ambulance chasing”:

    The latest comes from Dallas Attorney Shezad Malik who posts ‘Ambulance And Car Accident in Leonard, North of Dallas.’Of course the longest paragraph in the post:

    If you or a family member has been injured because of the fault of someone else; by negligence, personal injury, slip and fall, car accident, medical malpractice, trucking accident, drunk driving, bad product, toxic injury etc then please contact the Dallas Texas Personal Injury Attorney Dr. Shezad Malik. For a no obligation, free case analysis, please call 817-255-4001 or Contact Me Online.

    Blogs like this are being used to game Google and for no other reason at all. The lawyer is regularly updating his blog with keywords related to his locale and injury matters hoping that his blog will rise to the top of the search engines for related terms. And of course throw in a few links in target text like ‘personal injury’ linking to your website for added SEO effect.

    To the majority of bloggers, the media, and sane people, the lawyer looks like an idiot at best. To me, he’s an embarrassment to our profession.

    To which I commented (and felt it was worthy enough for re-print as a post here): Well, there are 4 issues going on here: 1) codes of ethics 2) personal ethics 3) value of blawg and other educational marketing 4) SEO.

    1) The above example (and the many, many others) are the on-line version of “ambulance chasing,” which has given the PI atty a bad brand to begin with. Hence, there are codes of ethics on how to use the web — and they will be improved (that is, more specific - not just more words, hopefully) as years go on.

    2) Of course, like other regulations and laws (like speeding), there is only so much policing to be done. It’s comes down to personal responsibility, values, ethics, and pride. Thus, the PI/trial world been able to overcome much public derision (and good jokes).

    3) As blawgging, podcasting, video, e-book marketing grows more mainstream (in the legal community), more attorneys (and para staff) will realize that the real value isn’t just mere “display advertising,” but rather credibility and remark-ability as they share insight, thought, perspective (though not advice).

    4) SEO: keyword-dropping, like name-dropping, will be a perennial if not pretentious issue. SEO algorithms have grown more sophisticated and we should always blog with it in mind. It isn’t WRONG; heck, as an intelligent form of marketing, blawging should be SEO conscious: Though our SEO-friendly posts & comments should be checked with the above 3 principles.

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    On December 16, I was invited back for a 3rd time to address the Preferred Providers Network of the National Network of Accountants. My topic included a worksheet that would help the room of CPAs, attorneys, and financial advisors to “Trigger More Referrals, with a catchy 1-liner.” You can practice along, with the worksheet attached, and the video below. Better yet, add your 1-liner below in the comments. (The video seminar brightens up after about 15 seconds.)

    I introduced our Community Hexagon™ to the room. Many had been to a previous seminar (Target your Market to the 4°), which went over the Community Dartboard™. They are similar concepts - in that they outline the 6 facets of a “community,” a like-minded demographic that shares lifestyle aspects that encourages culture & identity. It’s not so esoteric: Dog lovers and trial attorneys are sub-cultures, that is, they share all 6 facets of the Community Hexagon™.

    Likewise, we can take the more-general community of pet owners and the community of professionals and go to the “4th degree” in the Community Dartboard™. By doing so, we would be able to check-off all 6 criteria on the Community Checklist™ with which the worksheet begins. How far can you go on the downloadable Worksheet? Does your target market meet all 6 facets that would make it a Word-of-mouth buzz-friendly group?

    icon for podbean  Ebook: Download | Hits (395)

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    ABA JOURNAL DEC 2008For the second year in a row the American Bar Association has compiled The bLAWg 100 (clever pun intended); the cover story for the December issue of the ABA Journal. Even more dramatic than how the legal community has taken to blogging, is the American Bar Association launching their own social network, called LegallyMinded.com. Poised to become the LinkedIn for the legal community, it not only enables lawyers to launch their own blog, but also provides articles (Resources) on practice management, marketing, and careers. While it’s just beginning, ABA is pro-actively helping to make blawging (and on-line networking in general) acceptable and soon mainstream.

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    Mark BullockStand Out!

    Are you getting any comments from prospective customers like “our budgets being slashed”, or “It’s not in the budget”? (more…)

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    Mark BullockNewsletter.jpg

    I recently received an unsolicited email “Newsletter” from a well intended but misinformed motivational speaker. It was sent TO: me from an MS Outlook account, with 70 or so other recipients plainly listed in the TO: field as well. Effectively distributing to all the recipients - all the other recipients email addresses. The “Newsletter” was in the form and attached PDF of a scanned, blurry, & tilted paper document. Additionally there was no obvious or automated way for me to “Opt-Out” from future emails.
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    Mark Bullock

    SocialNetworking.gifI only recently put myself up on LinkedIn, Facebook, and MySpace. This was after years of not really getting what the value was, and my concerns over the “professionalism” of my being on such sites. But, I bit the bullet and set-up my profile on each, and started wondering - now what?

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    Mark BullockIntegrity.jpgWhat do your clients think about you, but aren’t telling you? What comes to their minds when they think about making an appointment with you? What do they unconsciously know they can count on from you?

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    Mark BullockThe cost of acquisition of a new client can be very high, both in $$ and your resources and yet the typical practice/firm puts out 80% of it’s marketing effort towards acquiring new clients and only 20% on existing clients. Marketers in the know – know you should reverse these percentages. The fact of the matter is you’ve already made the investment to reach your existing clients, develop a trusted relationship with them, and proven your value to them. – But – do they know how else and in what other ways you can serve them going forward?

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    Mark Bullock Several years back I had a tech consulting practice. It was reasonably successful ie. I was making a living. There was only one problem. I was running around like a chicken with my head cut off, working 60 to 80 hours a week, and frankly I was burning out fast. I was very much a generalist and charged an hourly rate that was a “bargain” in comparison to many of the other practicing generalists in my area. In short I was working my tail off for a modest income, and really didn’t enjoy working with many of my clients, most of which I struggled to get paid from, and I was doing an awful lot of unpaid work because I didn’t understand my own value….

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