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« September 2005 | Main | November 2005 »

How to Effectively Communicate Your Marketing Message

So much of marketing is deciding and articulating the messages each of your unique markets will respond to.

In our firm, we write gobs and gobs of copy. Often it is to replace or rewrite what law, CPA and other financial advisory firms have already prepared.

What's wrong with most firms' website, brochure, or ad language?

Well, a lot. Usually it's predictable, dull, pointless, far too verbose, and often it lacks any call to action. Most firms just have a terrible time figuring out what to say and then how to say it well.

My advice? Read the stuff below and/or hire a copywriter. If a copywriter is outside of your budget, at least hire a great editor who knows how to help you get your points across more effectively.

Harry Joiner posted top copywriter Alan Rosenspan's 10 Rules for Writing More Effective Copy. This is such a great list, I had to repeat it. Here's what Alan advises:

1)  Start with your most important benefit.  Many copywriters hem and haw, and metaphorically clear their throat before they tell you what's important. Or worse, they save it for the end - like the punchline of a joke. Would any newspaper survive doing that - or do they give you the most dramatic story right in the headline?

2)  Write like you talk. That's how people like to read. Even if you are writing to the most educated target market - keep it simple. The best test of writing is how it sounds when you read it out loud. I came across an ad for a cologne that read, "The incarnation of the masculine duality interpreted with humor." Try reading that out loud with a straight face.

3)  Include ideas and information.  Some writing feels like biting into a marshmallow - there's nothing to grab hold of and chew. Don't try to impress me with your writing, your knowledge or how clever you are. Give me an idea, a fact, a nugget of information in each paragraph. Otherwise, I won't continue reading.

4)  Short words and sentences work.  Not sure why. Makes it easy to read. Worth testing.

5)  Long letters work, too.  If you really want to know what works in direct marketing - study those who live and die by it. If IBM's direct mail doesn't work - IBM will still grow and prosper. But if Save the Children's direct mail doesn't work... That's why so many non-profits and mail-order companies use 2, 4, 8 and even 24-page letters. They work.

6)  Connect the dots.  When you use words like "And" or "But" to begin a sentence, you may be using poor grammar. But you're also leading the reader from sentence to sentence ... connecting the ideas ... and coaxing them to read on. And it works.

7)  Ask provocative questions.  It's one of the best ways to get attention. Our direct mail letter for Scott's LawnService started with "What's wrong with your lawn?" It won a Gold Echo and created over $28 million worth of additional business.

8)  Write something that's never been written before.  Travel writing is the worst example of this - every destination is invariably "a study in contrasts." Every business has their share of jargon and specific terms. Try to replace them with something new and refreshing.

9)  Tell me a story.  Before there was copywriting, before there were hieroglyphics - people communicated by telling stories. Children love them, and so do we.  We want to know what happened, then what happened next, and how did it end? If you tell interesting stories in your copy, you will always be successful. The famous package for the Wall Street Journal is a perfect example. It's not about the newspaper - it's the story of two young men.

10)  Rewrite for success.  The best writing looks almost effortless. As if the phrases and sentences flew magically onto the page. But aren't you a little too old to believe in magic? Good writing is hard work. It involves an enormous amount of preparation and research, so you know what you are writing about. And then it involves getting it all down onto paper in a coherent and compelling manner. There are no shortcuts.

Another great list of Alan's is 12 Marketing Techniques he's used.

They're all great ideas, but most important for professional service firms to heed are these three:
3. Show your product in use.
9. Address a barrier
12. Here’s the one to avoid

In fact, Alan's whole site is packed with great information. Check it out!

Stonefield Josephson's Back Porch

Just in case you missed it, you should check out Stonefield Josephson's latest feature on their site's Back Porch: Replacing Deskwork with Sea Salt. They do such a great job of humanizing their people.

http://www.sjaccounting.com/backPorch/index.html

RFP Follow-Up Problem

Q. Recently, we received an RFP from someone that we are very interested in responding to. We have since tried on several occasions (5 phone calls and 2 e-mails in the past week and a half) to contact the CFO to obtain some additional information to no avail (the proposal is due next week). The RFP listed several decision makers but said all inquiries should be funneled through the CFO. The partner is ready to contact others listed in the proposal. Any ideas for how to proceed?

Kathy Lambardino, Hood & Strong LLP in San Francisco

A. Kathy, I wouldn't hesitate, at this point,  to send a very nice and tactful letter, by courier, to the CFO saying:

"We are very interested in proposing services to you however we are unable to obtain information from you--after several phone calls and e-mails--that is critical to our presenting you with a meaningful proposal. If you wish to receive a proposal from [your firm], we need to speak with you for about 15 minutes to ask three questions [or list the questions]. If we don't hear from you by [day/time], we will have to assume you don't have an interest in receiving our proposal. This would be most unfortunate because we believe our experience in [fill in] would bring tremendous value to your organization. Additionally, we would consider it a privilege to work with [company].  Kind regards..."

Delivering by courier in a big, or boldly colored (urgent looking) envelope will probably catch his/her attention and will demonstrate you will do whatever it takes, without being obnoxious, to professionally accomplish your goal.

Unfortunately, you must go only through the CFO because 1) you were instructed to do so and following instructions is critical and 2) to go around the CFO would be undermining him or her thus starting the relationship (should you get the job) off on the wrong foot.

__________________________________
If you have an operational or marketing question pertaining to financial or legal services, send your question using the "E-mail Me" button under my pic with BLOG Q&A in the subject line.

Can't Miss BlawgThink!

What major marketing-meets-tech event is going on Nov 11 and 12 in Chicago?

LexThink! is holding it's 2nd [un]conference event where great minds and great bloggers are interacting at the unique Catalyst Ranch. The purpose? Taking great ideas and experiences and bringing them to the next level.

Though it's called "bLAWg" think, it's not all about law. It so happens, though, that lawyers are pretty far ahead of accountants on recognizing the value of blogging on many fronts. Only a handful of accountants have figured this out. If you want a taste of why blogging is becoming an important business development tool demostrating credibility and commitment to a service area or industry (just one of blogging's advantages), you just might want to e-mail Matt Homann for an invitation!

Go here for their Day One Schedule (see marketing track!): http://lexthinkinc.squarespace.com/schedule/

And here's Day Two (the [un]conference part): http://lexthinkinc.squarespace.com/schedule-2/

See you there!!

Marketing Spending on the Rise in Small Firms

"Marketing budgets at small law firms have increased significantly over the past three years,"  according to Ann Fullenkamp, senior vice president for the small law firm market at LexisNexis.

On LexBlog, Kevin O'Keefe posted today that:

The number of small law firms (20 or fewer lawyers) spending 5% or more of their revenues on marketing doubled in the last three years, from 11% of firms in 2002 to 22% of firms in 2005. This per a survey on small law firm marketing trends commissioned by LexisNexis(R) Martindale-Hubbell(R).

Segmenting these results by firm size shows, astonishingly, that among firms with 11-20 attorneys, only 5% of firms spent over 5% of revenues on marketing three years ago whereas 20% of these firms now spend over 5% of revenues on marketing!

The survey further states that the "firm's website is perceived to be the most valuable marketing tactic for growing a small firm practice."

80% of the firms have a website and 50% of these firms invest in SEO. 3% use blogs.

9% of the firm's surveyed (967 responded) indicate that outside companies (consultants, ad firms, etc) have primary responsibility for the firm's marketing and 4% of the small firms have in internal marketing person.

Here's the breakdown of how respondents spent their marketing money, by initiative:

22%    Print or online yellow pages
20%    Client meals/entertainment
19%    Print or online legal director listings
13%    Their website
7%     Event sponsorships/community events
6%     Giving or hosting seminars
5%     Public/Media Relations/Writing articles
3%     Referral services
3%     Local outdoor advertising
2%     Pay per click ads (online)
1%     Sponsorships/Placements on legal web sites

It still floors me how much firms throw at legal directories for peer-to-peer advertising!

This is a great little survey. Look at this to be an indicator of CPA firm marketing expenditures rising in a similar fashion though I think the breakdown of expenditures will vary significantly from law.

Thanks to Kevin at LexBlog for sharing this interesting survey.

Continue reading "Marketing Spending on the Rise in Small Firms" »

Do You Have a Marketing ROI Culture?

From a post on the blog of Sam Decker is a list of 10 things he says describe "what a marketing ROI culture might look like":

  1. At most marketing meetings there is a calculator present.
  2. Finance and marketing know each other well enough now to go out to lunch…at least once in a while!
  3. You have (or need) a focused marketing operations analyst (data reporting and analysis)
  4. You have a marketing dashboard reporting daily, weekly, monthly, quarterly marketing results vs. forecast
  5. This dashboard (and source data) is available to anyone, anytime -- and is presented to management at least weekly.
  6. The numbers on this dashboard include P&L-relevant measures (revenue, expense, margin) -- not just clicks, calls, leads, etc.
  7. The marketing department’s shared drive stores many Excel spreadsheets – perhaps more Excel files than Powerpoint presentations or Acrobat pdfs combined!
  8. The executive summary of any marketing presentation is 60% numbers. The remaining is 80% numbers and graphs.
  9. Senior management understands and recalls the actual and forecasted marketing measures (i.e. response rates, conversion, revenue per circ, total marketing revenue, etc.)
  10. You start performance planning and reviews in Microsoft Excel before you use Microsoft Word.

How many CPA or law firms have gotten this serious about marketing planning and measuring. Not many, I'd venture to bet.

Amazing Bio Photos

DagnallI'm totally impressed! A law firm in the UK has truly differentiated themselves with their website. Their homepage is unique to be sure. (Get this! They ACTUALLY have the word "people" in their 3-word descriptor!)

But check out these unusual and artful bio photos. I've seen some cool approaches to unique bio photos before such as those from the Canadian law firm depicting hobbies or personal interests and the Eastern US firm who uses caricatures, but these are really over the top. Some are hobby-like, but others are just off-the-wall.

MaliaThen some of their bio descriptions are hysterical...reflecting that fantastic British humour, I suppose. Take the gent who describes his "Personal Highlight" as "Going home in the evening"

Or Mr. Sidlow who answers the standard questions:

SidlowPersonal Highlight: My first "Hole in One". It was a bright morning in the spring of 1983. Standing on the opening Par 3 of some 158 yards, I faced a difficult club selection decision……please phone for further details

Likes: Telling really interesting golfing tales

Dislikes: When nobody listens to my really interesting golfing tales

AstburyAmazingly, their bios say almost nothing about their credentials beyond their position, practice area and, for some, the year they joined the firm--but the missing lists of professional accomplishments doesn't matter one iota. What they've done is humanize themselves spectacularly.

Way to break out from the pack.

So let's hear three cheers for DWF! Hip, hip, hooray!

(and a special thanks to the fabulous Gerry Riskin for posting about this firm on his blog and making my day!)

*all photos from, and property of, DWF

Honing Your Speaking Skills

Most of us recognize the value of speaking on business topics to increase our credibility yet few of us spend enough time and energy to make the presentations as impactful as they could be.

Tom Antion's blog is a great resource of tips and ideas. I hope you'll enjoy it as much as I do.

A recent post conveys advice from Terry Paulson, Ph.D.,CSP,CPAE who recommends scripting the beginning and end of your presentation, but don't tightly script the whole talk.

"...most speakers lose far more than they gain by preparing exact wording for an entire speech. Craft and shape your opening and closing, but don't fall victim to scripting the whole thing. As a pilot, you plan and execute with precision your takeoff and landing, but once airborne know how to enjoy the ride taking people to the locations they want to see."

Tom's whole post on the topic is here.  If you ever speak, I think you'll learn a lot from subscribing to his blog.

On Marketing Estate Plans

Marketers are always saying "find the customer's pain and address it."

Here's some great marketing food for thought from Ed Poll of the LawBiz Blog on where there's some real pain for folks who would benefit from estate planning but find it easy to put off taking care of this important business because it makes us think of unpleasant things.

Need some help moving your beloved clients forward in their important planning? Here's some info that might help move procrastinating clients to action.

Continue reading "On Marketing Estate Plans" »

So Different and Sooooo Cool

Mystery_1 An absolute must-read article on lawmarketing.com features an amazing firm (Parsinen Kaplan Rosberg & Gotlieb, P.A.) doing the previously un-done. An event built around mystery and intrigue.

Talk about creating positive moments of truth--and without even being there!

Clients said:

  • I am so honored
  • Never an awkward moment
  • We talked about how we were "served" our invitations
  • We held up the photo of the partner who invited us and took photos
  • We shared personal stories
  • Went around the table and shared food memories...favorite comfort food
  • Spectacular!
  • I want to go to all of them
  • What fabulous people
  • Everything was so perfect--the doorman was such a great touch and adorable...how did he know who we were?

Read here: http://www.lawmarketing.com/pages/articles.asp?Action=Article&ArticleCategoryID=7&ArticleID=423

If you demonstrate to your customers how creative you are, they'll believe you can be just as creative in business. Think how uncreative...bland...predictable firms usually appear to customers.

The IRS Circular 230 Disclosure

You've probably included this or a similar message on all your outbound e-mails:

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.

As disclaimers have a tendency to do, this particular disclaimer probably causes more confusion than not among your customers.

A typical customer might think, "I hire you to be my adviser and ensure I comply with the law so that I don't have undue penalties--so why are you disqualifying your own advice??"

So why aren't more firms providing full explanations on their websites to clarify the purpose of Circular 230 and clear up confusion?

You could link from your e-mail disclaimer to a page that starts with "This is an explanation of how our correspondence with you will be affected by new IRS regulations governing tax practitioners."

Heck, in addition to keeping your customers informed and clearing up a growing area of confusion, it might even help bring more traffic to your website.