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Do you want to turn your Law Firm into a Brand Name? Of
course you do! Brand Name firms get to charge more. Their
billings don't go down during a recession. They have more
repeat work from clients and they don't have to cut their
price when the competition is heavy.
But wait. Can a Law Firm actually have a Brand Name
like Coca-Cola, BMW, IBM, and Colgate-Palmolive? The
answer is yes. Brand Names aren't only for big multinational
companies. They're also for small organizations with
products and services to sell in a particular market
niche.
We all compete with Brand Names, only sometimes we
don't recognize them because they don't have billion
dollar advertising campaigns. Their customers, in their
market niches, know who they are and why they are Brand
Names.
The answer is trust. And marketing "trust"
to your market niche is the way to become a Brand Name.
Those are the only three concepts which are essential
to building a Brand Name: trust, marketing, and niche.
When you understand the three concepts and how to use
them for your business your firm too can become a Brand
Name.
What is trust?
From the customer's point of view, trust is safety
from vulnerability. When we buy something or take someone
into our confidence we take a risk. We're vulnerable
to poor performance. When we trust a product, we feel
safe and not vulnerable to shoddy performance. Brand
names are
trusted.
The way to build trust is to persuade everyone in
your market niche that you're both capable and well-intentioned.
Either alone isn't enough. This is where marketing comes
in.
Marketing builds trust. Marketing can best be defined
as "helping other people value your product or
service." It is both a science and an art.
Its a science because it works on the scientific principle
that persistence wears down opposition. In this case
the opposition is the tendency among consumers not to
believe yet another promise. You know they hear and
see, maybe 2,500 advertising promises everyday.
How do you get your "I'm capable" promises
believed? How do you separate yourself from the herd
so you're not stereotyped along with the 2,500 other
marketers who are "mooing" all day long? You
must do everything you can to personify customer satisfaction.
Your advertising, if you can afford it, must reek of
how important customer satisfaction is, and it must
be sincere. Advertise buyer benefits, not features.
It is easier if you sell face to face, especially for
lawyers and their administrators. When you see a referral
source or prospect you must suspend your self-interest
and find out how you can help them fulfill their desires.
How you can help them fulfill their goals. How you can
help them get what they want. If you make it interesting
for your prospects, because they're the center of your
interest, you'll stand out from the crowd and be seen
as special -- and your service will be seen as "capable".
The goal, by the way, is not a happy client. The goal
is a happy client who thinks of you as a brand name
and refer you to their friends, relatives, acquaintances,
and strangers. -- in effect becoming a walking billboard
for you. When people out there, your clients, are pitching
for you, you're a brand name.
Becoming perceived as being well intentioned is where
the artistry of marketing comes in. You have to think
of inventive ways to make people like you. If you're
a sole practitioner become friends with your clients,
referral sources and their circles. Join their clubs
and organizations. Find ways to help them personally,
or the people and groups that they help. People buy
from friends. Make more friends. Be patient. The sales
will come. You'll be a brand name.
Keep in touch in a warm way. Treat your clients as
family (family you like). Send them birthday cards.
Send them Christmas cards. Give them lollipops. Help
them like you. Because if they like you and if your
service is capable, they will tell everyone they know.
You'll be their brand name. Don't be misled, by the
way. None of this is complex or even remotely sophisticated.
Some of your brand name competitors are doing it. As
it happens, though, few truly make the effort. Those
that do become brand names.
What's your niche?
The last of the three brand name building concepts
to know about is niche marketing. If you are a small
law firm, you ought to have a small market niche if
you want to become a brand name. You can't be all things
to all people. If you spread yourself too thin, people
will see through you. Find a market niche that you can
mine deeply, really penetrate, and build a big, profitable
market share in. Get a large part of a small market,
not a small part of many markets.
Concentrate on becoming a hero to your current clients.
They're in your niche. Chances are they hang around
other people like themselves. If you're doing a good
(read great) job, your name will spread and your business
will grow. Have you ever noticed how the really wonderful
gardeners have all their customers in a small area,
while the mediocre gardeners are traveling all over
hell's half acre from client to client.
So that's it. To be a brand name: Make your customers
really happy (they will become walking advertisements
for you), protect them from being vulnerable (let them
down and they'll turn on you), help them like you (send
cards, join their organizations), focus on a small market
niche (focus, focus, focus).
Jerome Shore is an Executive Coach
and Managing Director of The Coaching Clinic, a corporate
training company based in Toronto. His clients include
lawyers who he coaches in person and electronically.
Jerome can be reached at 416-787-5555 or coach@coachingclinic.com
and www.coachingclinic.com.
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