Diving Into CRM
Have you ever heard the saying that you have to walk before you can run? It’s usually being spouted off by one of those really annoying self-important know-it-alls with all of their clever little sayings. You know, the ones who are usually all talk. Anyway, I’ve heard them say this about CRM too, but I disagree. Instead, I would say that CRM rollout is more like a triathlon: you have to swim before you can run (ok, a triathlon without the biking – and after swimming and running, most of us would be too tired to care about the biking anyway).
The Business Development Trickle Effect
Drip… drip… drip… That little drop of water trickling down the sink drain often seems pretty insignificant. But over time, those small drips add up. In fact, one drip per second is actually 86,400 drips in a day. In a year, a few little drips here and there can add up to between 500 and 2,000 gallons of wasted water. Now that seems a little more significant – especially if you’re the one paying the water bill.
Little Efforts Can Produce Big Results
It’s the same with business development. Little things can mean a lot. You don’t have to try to do lots of big things.
CRM Success by the Numbers… It’s As Easy as 1, 2, 3
When people who are tasked with responsibilities for CRM systems are asked to define success, many words come to mind – words like challenging, demanding, difficult, stressful, time-consuming… painful, impossible, unattainable… changing jobs, retiring, quitting, outa here… It can be enough to have you contemplating the view from the ledge in your office.
Come down off that ledge. It’ll be ok. Realistically, CRM success doesn’t have to evoke feelings of pain or frustration. Instead the thought of CRM success can actually bring you a sense of inner calm and peace – even feeling of achievement or accomplishment. How is this possible,
An Apple a Day Keeps CRM Failure Away
Everyone has heard the saying “an apple a day keeps the doctor away”. OK, now I know some of you are wondering what the heck that has to do with CRM success.
Sometimes it is the little things you do each day that really contribute to CRM success: taking a half hour to train new users at their desks, working with an assistant on formatting a letter, attending a practice group meeting to better understand how CRM could help the attorneys achieve their business development goals, communicating small wins to the entire firm. These little things really do add up.
Crafting Your Personal Value Proposition
Sometimes called an ‘elevator pitch,’ your Personal Value Proposition, or PVP, should summarize and synthesize the value you provide to Clients and potential Clients. Without providing value, business development can be challenging – and will be based mainly on hope or luck, neither of which is a good strategy.
The reason that value is so important is that, in most cases, people don’t make a decision or choice because they want to. They do so because they need to. There is some pressing concern or challenge that they must address – or there will be consequences. These consequences are the costs associated with not making the choice or decision,
Client Relationship ‘Management’
Complaints abound about the failures of CRM, a.k.a. Client Relationship Management. Some of the popular ones include, “We’re not getting any return on our CRM investment,” or “You mean we actually have to spend attorney time on CRM?” and the ever popular, “We paid all this money for CRM and all we got was an overpriced marketing / mailing list.”
CRM Success is ALL About People
While some of the complaints about CRM may be valid, most of the lamenting neglects one very important consideration: CRM is about more than technology. Actually, it’s more about people and process than technology.
Putting the ‘Be’ in B.D
Despite what many lawyers believe – or have been led to believe, business development is not an art. It’s a learnable, repeatable business process. Ultimately, if you simply focus on putting the Clients first and helping them to succeed, it will improve your chances of developing business significantly. Here are a few suggestions for ‘be’-coming a more effective business developer.
1) Be committed.
Make business development a habit. Make it a priority to spend a little time each day learning about the Client’s business and industry and a little time each week focusing on building relationships with current and prospective Clients.
CRM Success: Different Directions in Data Quality
There may be no CRM project quite as challenging as data migration and deduplication. If approached without a strategy and plan, this type of data cleanup can seem like a daunting and endless task that generates frustration and drains firm resources.
In reality, data quality isn’t a task or an initiative – it’s on ongoing project that must be approached strategically in order to achieve CRM success. Having good data quality is essential to encourage user buy-in and adoption, especially among attorneys who can be inherently a bit skeptical.
Dedicated data quality resources must be planned and budgeted for in advance.
ValueSelling
Great salespeople are in the customer success business, and a sale is just the pleasant byproduct of helping your clients succeed. This is great news for attorneys who bristle at the thought of ‘selling.’ It’s also one of the core concepts in Julie Thomas’ book, “ValueSelling: Driving Up Sales One Conversation At A Time.”
Clients today aren’t looking for smart lawyers or even superior legal services – they are looking for value. As the business climate has changed, clients have access to more information and alternatives than ever before. They can do business with your competitors,