Archive for the ‘Marketing’Category

Measuring Twitter ROI

 

SEO consultant Indu Priya recently wrote a post for the site Quick Online Tips about measuring return on investment (ROI) when it comes to Twitter. While the piece was not directed at lawyers, its messages were well taken and certainly apply to our practices. As the author notes there, it is notoriously hard to measure results on new-media platforms like Twitter; to discern what works from what doesn’t. But there are a number of tools available for those who want to measure their Twitter results and extrapolate their ROI. 

Obviously, to assess how close you are to your destination you must know where you’re going. Some firms have gone to the length of assemblying a marketing plan in order to set goals for themselves – but if you ask me a simple outline will do until you find out whether your aims are realistic, achievable, or economical. Consider these well-known Twitter success stories:

Dell famously uses Twitter to disseminate offers and discounts, as well as to listen in on market chatter. To guage success Dell counts the number of Twitter-based discounts redeemed by consumers, comparing those figures with the number of purchasers overall. The difference should represent the difference that Twitter makes in its customer-count.

Barack Obama’s Twitter account is the stuff of history – launched during his lightning 2008 presidential campaign, its goal was simply to touch as many people as possible and allow them to communicate with one another. Once their common Twitter friend (the Obama campaign) brought them together, the key metric measured b y the campaign was the number of posts (tweets) that were circulated (retweeted) by followers. After that the multiplier effect took over and delivered the vote.

Of course not all goals are measurable or even achievable; but most can be reached following some creative planning. In the meantime, consider these ROI measurement tools for Twitter and find more on OneForty: 

Opinion: Zelotes v. Rousseau (Total Attorneys Case)

At issue in this case was whether Chicago-based lead-generation service Total Attorneys was violating ethical rules by doing business Lawyers in the State of Connecticut. The answer apparently was no. At least, not based on the complaint brought by this Attorney-Plaintiff. The opinion is seen as a victory for free enterprise as opposed to the grip of local bar associations, which routinely monopolize Attorney-Referral Services, which are a source of profit.

I’m not saying the decision actually is a victory for anyone (other than Total Attorneys) but even the most cynical observer will admit that the idea of preventing lawyers from saving money and reaching prospective clients so that bar associations could maintain their monopoly … I mean, ensure the clients’ best interests – was heavy handed and backward-looking.

Prove me wrong. I dare you.

Posted via email from practice (redux)

Generating Business with Your Content

John Jantsch author of Duct Tape Marketing has this solid advice for people who have content on their hands that isn’t generating new business: which is pretty much anybody who’s been around for a few years. As a lawyer for 15 yeas I can  sympathize, having literally thousands of pages and millions of bytes worth of information I’ll never use again. Why let it go to waste, right? Read the full post to get the details but here is the upshot:

  1. Guest-Post: Offer to post on others’ blogs; invite them to do so too
  2. Host a group: A forum, discussion group, blogging circle, whatever
  3. Invite friends: Meet real people at actual events (”Tweetups” etc.)
  4. Co-Branding: Basically this means ghost-writing or “white labeling”
  5. Create Events: Like #3 but you would be the master of ceremonies

Of course these ideas have also been floated before so they sound a lot like marketing buzzwords, but this guy writes a monthly column in Wired that really resonates with me (it’s not bull). So it’s worth a quick read. Also, all of the suggestions involve actually interacting with other people as opposed to just writing or providing content so if you’re not a people person but still want to make an impact by sharing content, try contacting someone who is good with people and work together. It’s better than letting your work gather dust.

Posted via email from practice (redux)

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01 2010

2010 Social Media Predictions

2010 Social Media Influencers – Trend Predictions

Review: Leveraging & Maximizing LinkedIn

12-22 book review logo

Windmill Networking: Understanding, Leveraging & Maximizing LinkedIn

“Dig your well before you’re thirsty”
Neal Shaeffer, Author

12-22 windmill networkingSummary: I’ve been a member of LinkedIn since 2007. But like many people I’ve had doubts about the network’s value. In Understanding, Leveraging & Maximizing LinkedIn entrepreneur Neal Schaeffer shares specific suggestions about growing your network. Best of all, the author never talks down to the reader – that allows me to develop my own rational and strategy.

The Good: Shaeffer explains that LinkedIn is meant to function as a virtual favor-bank so members can help one another without obsessively searching for a quid pro quo. The author then goes further by providing a step-by-step guide to: creation, maintenance, and leveraging of your brand, asking for and offering recommendations, answering questions, and other pillars of social networking.

The Bad: While he explains things in a clear manner, Schaffer probably devotes too many pages to his windmill analogy. The result is not necessary to understanding LinkedIn and can get longwinded (ha!). But while I found the windmill abstraction a little forced, it ties in with Shaeffer’s own brand.

The Ugly: Schaeffer explains why LinkedIn (not Twitter or Facebook) is THE site for professionals. But the author comes from a general business background – not a legal one – so his point of view may be slightly off for our purposes.

Evaluation: While not intended specifically for lawyers, Windmill Networking is a great primer for members of the profession interested in using LinkedIn to connect with one another, reach out to referral sources, or recruit a team of professionals to serve our own business needs. I give the book 4 hacks out of 5

Rethinking Social Media ROI

At first when I saw 10 Really Tangible Ways To Measure Social Media Success on Microgeist I thought that somebody had cracked the code behind social media investments. Sadly the article is primarily a collection of platitudes; there is still no reliable way to measure return on an investment in social media. Luckily, I have a few suggestions.

· Set a reasonable goal as well as a series of intermediate milestones

· Establish limits on the amount of time and money you will set aside

· Figure out how to measure and record your progress ($$, clients, etc.)

· Engage users and add to the feedback loop; measure, adjust, repeat

Unfortunately manylawyers who throw together blogs and websites or sign up for Twitter or Facebook accounts, do so without a plan. How surprised are they when they fail to connect with prospects or colleagues? For those willing to put in the time however, here are a few suggestions.

Getting Started

· Prepare an outline and action plan including spending limits related to social media

· Make sure you understand what social media is, isn’t, and what it can reasonably do

· Be prepared to adjust expectations and tactics; social media is not a one-shot deal

Early Going

· The quality of responses doesn’t matte yet; you are not ready to present yet

· Instead just see if your message resonates with your chosen audience (listen)

· Once you’ve made a connection, fine tune it by posting and gauging response

The Feedback Loop

· Once you’re up and running, feedback is key, and feedback is dynamic

· Watch, listen, adjust, repeat: measure user responses to each change

· Media isn’t social people are social, so ask for feedback and then listen

· Ask for comments, ask questions, encourage discussion, be provocative

Milestones to Consider Using

· # of followers (but this alone tells you little)

· # of followers from within your industry

· # of followers who could become clients?

· Amount of time you spend on social media daily

· Amount of activity that social media generates

Find the Right Online Contacts

· Is there is a growth trend in your followers/readers?

· Is your message compelling to your target audience?

· Do people see you as a conduit for quality information?

· Negative feedback is inevitable; what kind do you get?

· Do your followers’ followers become your followers too?

Show Me the Money

If you post ads on your blog or website, remember that revenue is not their real purpose. In reality, ads can provide an invaluable insight into what your readers/users/visitors are interested in – the first step to connecting with paying clients.

(still more) ethical pitfalls of social networking

 

 

The Journal of the American Bar Association

In Navigating the Ethical Pitfalls of Online Networking, Attorney Christine E. Mayle shares some considerations for social-networking lawyers. The piece is well written and concise, although I couldn’t help noticing that the list sounds awfully similar to the no-no’s we were warned about in connection with lawyer blogging; which were similar to the warnings about websites; which resembled the warnings concerning the use of e-mail by lawyers; which were only a hair different from the points brought up concerning Yellow Pages ads. In short, here we go again (stop me if you’re heard this one before):

 

  • Advertising Rules: Web sites are considered advertisements – as are social networking profiles.
  • Disclaimer Language: Some states require the use of disclaimer language in advertisements.
  • Pre-Approval: Some regulators require a pre-approval process for any lawyer advertisement.
  • Testimonials: LinkedIn and Avvo allow the use of testimonials, but some states prohibit them.
  • Expert Designation: Avoid “expert” and leave references to legal “specialties” out of your profile.
  • Revaling Too Much: Don’t disclose client information in posts or updates. Think before you post.
  • Keep it Clean: Assume your post will be viewed by your firm, clients, opponents, judge, and mom.


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