08/23/2011 10:45:00 AM EST
Lawyers – ask why they buy, not why they didn’t

Have you ever thought about the
reason people choose to buy legal services from a particular firm?
Sure, if you're a lawyer in practice
(or a business development professional at a law firm) you may have spent some
time debriefing why you lost a tender, but have you actually talked to some
clients to find out why they chose to use you in the first place? If you have,
do you know why they continue to instruct you?
The firm's sophisticated accounting
system registered another sale for the IP litigation practice
I was pondering this as a post from Mike Ames
really reminded me of some of the timeless fundamentals of the buying process
that it's good to revisit. It's perhaps easier to look at the reasons why you don't
make the sale than the reasons that you do. The post addresses this
imbalance, and is set is below in italics, and you can find the original post
along with more solid business development ideas on Mike's blog.
Strange really. We all buy things
every day whether it's a sandwich at lunchtime, petrol for your car or a £4m
computer system the process is pretty similar but what makes us do it?
- Need. If
you think about the obvious starting point is having a need that is either
immediate or anticipated. Sometimes we may not be aware of that need
(which is why the advertising industry exists, in case you ever wondered)
and it needs to be brought to our attention.
- Capability. Who
is going to buy anything that is not fit-for-purpose? Well actually loads
of people but nobody does it willingly. So as a business developer you
must demonstrate that your offering can meet all of the client's needs.
This can be tricky; a sort of a catch 22 - they won't hire you until they
know and they won't know until they hire you. These are the ways round
this dilemma: references; case studies; testimonials; site visits; risk
and reward work; what you have said and written; you!
- Beliefs. People
tend to buy from people who match the same beliefs as they hold (for more
on this watch this brilliant TED video of
Simon Sinek). It's how all great brands
work. They convince us that their beliefs are the same as ours and we buy.
What do you believe in I wonder?
- Differences. Let's
face it if we were confronted buy two offerings that we could not differentiate
between in any meaningful way which one would we select (drum roll) the
cheapest of course. This is how commodities work: something that is
purchased solely based upon its price. A nasty place to be and one to be
avoided at all costs. Now being different is easy but being different in a
way that benefits our clients is a lot harder however, dear readers, this
is exactly what we have to do. We must show we are different from
our competitors and that these differences somehow provide tangible benefits
to the client. or we could just be the cheapest I guess.
- Value. We
don't always buy the cheapest but we all buy according to our own
cost/value equation. Audi cars are brilliant: reliable, stylish, hold
their value and make us feel cool but they are definitely not
cheap and yet we still buy them by the boat-load (quite literally in
fact). The reason is that Audi have provided those people who have
sufficient money with a balanced cost/value equation - basically they are
worth the money. We must do the same.
- Trust. Occasionally
we are forced to buy from people we don't trust. We don't like it but we
do it when we need to. What we really like though is to buy from people we
trust so if you can build trust you increase the chances of getting a
sale. Here are a few ideas: always deliver on your promises no matter how
small; be open and honest at all times even if this is not in your best
interests; be consistent. There are other contributories but these
are the most powerful.
- Rapport. Probably
not as important as you might think but having rapport with a buyer can
swing the deal your way when its a close call. A lot of rapport stems from
trust of course but try smiling more (recent research by Bangor University
proved you will sell more if you do) and just be you. When the
American businessman Lee Iacocca was
asked by a group of students what his best piece of advice was he answered
"don't fake it".
So there you have it. To be
successful at sales, find a client who has a need you can satisfy, demonstrate
your credentials, show how you are different and how these differences can
benefit the client, establish common beliefs and present your offering in such
a way as the benefits outweigh their investment. If they trust you and there is
a rapport between you start and draw up the engagement letter.
Read more from The
Intelligent Challenge
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