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There's No Such Thing as a Cold Call

There’s no such thing as a cold call. I suggest simple tactics to identify previously unknown prospects so that a much “warmer” approach can be taken.

A Closers Group client with 15 years of experience was having difficulty identifying new prospects when he attended one of our business development workshops. After I suggested he review his law school alumni news letter, he noted that an earlier graduate had recently been promoted to a senior position for an international manufacturer. When he made contact with this gentleman he did not know, he linked the communication to the law school they had in common and pointed out a related European Union decision. Through that contact, he has been introduced to the world of international business and will be growing that practice.

PRACTICE GROUP LEADERS – "Know Thy Client" II.

In addition to the 6 questions from our last column, we urge practice group leaders to ask their group members these additional 5 .

7. Have they asked ahead of time who else will be at the meeting?

8. Do you and your colleagues offer clients periodic review meetings re: budgets, billing, timeliness of engagement process, format for sending reports in non-legalese to management?

9. Do they know “clients’ pain? what keeps them up at night?

10. Have they asked how the retention decision will be made?

11. How many prospects do they have in their pipeline.

For more clues to make your practice group successful, go to www.ownthezonebook.com

Practice Group Leaders – "Know Thy Client"

When working with Practice Group Leaders, we have a group of questions they need to ask their colleagues. From the answers, we help them build a more successful business growth program.

1. Do they know who the final decision maker is?
2. Do they know what other competitive firms/companies their clients and prospects are using?
3. What is the last time the client/prospect hired a new firm?
4. Do you know how they prefer to communicate, by phone, email or report?
5. What has been done recently to build the relationship?

More questions in the next column or go to page 90 in OWN THE ZONE for the complete list.

PRATICE GROUP LEADERS – Is Your Group Asking For Business?

Your competitors are asking for new business. Is your team?

Is your group bringing in new business from clients and prospects?

Are they selling but not seeing results?

Where are their opportunities?

Can they be expanded?

Do they really know how to communicate effectively with their prospects?

Go to our new website’s Services page for tips and tactics – and download a free chapter of

OWN THE ZONE.

CLIENT RETENTION – 2 More Clues to Success

After discussing, in the previous 2 columns, the first 3 tactics we recommend to clients to insure their clients stay with them we’ll get to the last 2.

* Turn clients into advocates
* Know what’s working and what could be better
* Focus on more than just what you’re doing now.

With this as a refresher, the last two in our list really resonate with your clients:

* KEEP ADDING BENEFITS TO YOUR SERVICES. While performing a service or conducting a client interview, keep notes on issues that you are spotting. Give your clients something extra by arranging a lunch to go over these issues, without charging a fee, of course.

* PARTICIPATE RATHER THAN JUST ATTEND . Selling success requires you and others to attend and actively participate rather than just buying tables at dinners or offering tickets to sporting events.

Keeping clients may be just as tough as getting them. Keep at it!

CLIENT RETENTION – WHAT COULD BE BETTER?

In our last column, we identified steps that contribute to keeping your clients. It is a key to business development success. In addition to turning clients into your advocates, we recommend to our own clients that they:

* KNOW WHAT’S WORKING AND WHAT COULD BE BETTER — Find out by conducting regular client satisfaction visits or discussions to enhance client retention opportunities.

* FOCUS ON MORE THAN JUST WHAT YOU’RE DOING NOW — Cross-selling other practice group services is a solid approach to marketing.

Two more clues that we suggest will be in our next column.

The 50% Value of Client Retention

According to a Harvard Business Review blog, at least 50% of new business every year, for professional service firms, should come from clients and referrals—that’s right 50%!

* Turn your clients into important advocates and spokespeople for your firm.
* Know what’s working and what could be better.
* Focus on more than what you are doing now.
* Keep adding benefits to your services.
* Participate rather than just attend.

We’ll discuss each of these in more details in the following posts. You can also obtain lots of additional ideas from www.allancolman.com/services.

Client Retention – 3 Reasons Why Clients Leave

Understanding why clients leave is critical to knowing how to retain clients. According to Jay Abraham in his book “Getting Everything You Can from Everything You’ve Got”, there are 3 primary reasons even long term clients leave:

1. Lack of contact leads to their forgetting you;
2. Their situation changes;
3. They become dissatisfied.

As discussed in an earlier column on why clients leave, COMMUNICATION is the key.

3 Laws of Client Retention

Our newest business development workshop is on keeping your clients. Entitled 3 LAWS OF CLIENT RETENTION, we identify what drives clients crazy and how to apply the 3 rules to keep them and actually grow more business.

Here’s a hint to the 3 rules from LEGACY by James Kerr, “What is the food of the leader? It is knowledge; it is communication.”

Go to www.closersgroup.com/services.

GREAT MARKETING BOOKS

In one of the LinkedIn groups, there has been a lively discussion of recommendations for “great marketing books” for new marketeers. But while they all address marketing, there is nothing moving the reader out into actual business development. This provides me with a very self-serving opportunity to offer OWN THE ZONE – Dominate the Competition, published by Made For Success Publishing and found at Amazon, Barnes & Noble, Kindle, Itunes, etc.

“The real impact of the book is about transforming your business culture, erasing the artificial boundary between sales and professional service, and understanding the bottom-line benefits of speaking directly and honestly to client needs.” Larry Smith, Sr. VP LEVICK.

If you are on allancolman.com, download a free chapter. And for the first 10 people who send in the contact form, I’ll foward the book to you at no cost.

You can also reach me at acolman@closers group.com.