So, you want to build long-term relationships with more clients, who bring you a profitable and enjoyable workload. The challenge is, the competition is tough. They have:
-
Dozens, if not hundreds of professionals…you do
not
-
Full time marketing directors…you do not
-
Dozens of products that they license and
sell…you do not
-
A nationwide presence…you do not
-
Extensive compliance training materials…you do
not
-
An extensive web site…you do not
So....,
if that's the case, how do you intend to grow your business?
In the book Guerrilla Marketing Attack for Attorneys, authors Jay Levinson and Ray Lynch state the following challenge for professional practices:
"All around you enemies are vying for the same bounty. They're out to get your clients and your prospects…your enemies mean business - YOUR business, YOUR potential clients. Many of them can run more ads…they can afford more brochures, more public relation services, more materials to mail to more people than you'll ever reach. They can outspend you in every marketing area that money can buy. But they can't outspend you in marketing arenas that money CAN'T buy. And they can't always outthink you. If you put up the time, energy and imagination, you can gain the same marketing leverage that many of your enemies did by putting up megabucks. This competitive marketing is a new field of battle for lawyers, especially for those in smaller firms. Just remember that if you don't fight for the future of your firm, you are destined to be an innocent victim of someone's attack."
Welcome to the Special Report, 63 Ways to Market Your Professional Practice. My name is Don Phin and I'm President of the Employer Advisors Network, Inc., a company devoted to helping insurance agents, HR consultants, attorneys and other professionals grow their practice.
Read on and you will learn techniques and strategies that can explode your practice…
Prior to building the Employer Advisors Network, I researched every marketing method used by insurance agents, attorneys, consultants and successful businesses nationwide. I interviewed marketing experts, hired consultants, read hundreds of books and went to multi-day marketing boot camps. What I'm about to share with you can literally change your business and your life. The truth is, you will either find yourself competing with a program like this . . . or against it.
NOTE: Since I am an unabashed promoter of the Employer Advisors Network (EAN), I will make mention of related marketing material throughout this report that comes with EAN membership. If you are not a member, you will not have access to the highlighted material. Nevertheless, I know you will find this report highly valuable.
An Extensive Review Of Marketing Success Reveals Ten Principles That Apply To The Marketing Of A Professional Practice:
- Be committed to marketing as a long-term process and be aggressive. It takes numerous contacts (often more than 7) with a prospect before they will do business with you.
- Budget 10% of revenues into your marketing program.
- Focus on educating, not selling.
- Make sure someone is in charge of your marketing program.
- Create a firm image or brand. Use it everywhere and always.
- Focus on "leveraging" your efforts. Do something once and get multiple benefits.
- Exceed your client's expectations. Make them feel important.
- Focus your marketing message on client benefits, not firm features.
- Test to see what works and then test, test, test, again and again.
- Learn from best practices developed by others.
Your goal should be to get more work with "A List" clients. These clients are: high profile, have at least 20 employees, generate a consistent work flow, invest in training and prevention programs, have a good reputation, refer similar clients and are fun to work with!
According to the latest U.S. Bureau of the Census statistics, the following is a breakdown of the U.S. Businesses by Size of Firm. Which market segment will you focus on?
| Size of Firm |
Number of Firms |
% of Firms |
| 1-19 Employees |
4,808,000 |
89.55% |
| 20-99 |
469,000 |
8.73% |
| 100-499 |
77,000 |
1.40% |
| >500 Employees |
15,000 |
.30% |
| Total Firms |
5,369,000 |
100.00% |
The fact is the largest and least serviced market in our arena is companies with 20 to 499 employees. This is where our marketing efforts will be focused.
So far, we have generated 63 Different Ways To Market A Professional Practice. How many are you using? Can you think of any others?
Note: Many State Bar Associations have restrictions on attorney marketing. Always check with your local state guidelines before rolling out any marketing program. To find articles on the ethics of web based marketing go to www.findlaw.com.
ABOUT THE EMPLOYER ADVISORS NETWORK, INC. The Employer
Advisors Network, Inc. was formed to help attorneys, HR Consultants and
insurance agencies thrive in today's rapidly changing, hyper-competitive
business environment. Membership is limited to a select group of
professionals nationwide. Membership privileges include a license for
the use and sale of an extensive line of compliance products, services
and marketing material, all of which is managed through an extensive web
site. Members benefit not only from leveraged development but also from
the sharing of best practices when it comes to marketing and managing a
professional practice.
CONCLUSION
You will improve the profitability and joy associated with your marketing efforts by testing over time. Focus on rolling out only a handful of these many strategies at a time. Once you have mastered the first few you can go on to a handful more. There is no excuse for not marketing your practice. When you get real busy (which you will) be prepared to delegate your workload to associates, support staff and professionals. If you have any questions about this report or want to learn more about the Employer Advisors Network, don't hesitate to contact us.