Time to evaluate
There are several ways to assess the success of your firm's marketing activities, explains Catherine Maxfield
Over the past year we have really put our
foot down on the accelerator pedal of our marketing activity. Spurred
on by the desire to make the most out of our firm's 50th anniversary, we have been engaged in charity and community events, advertising, sponsorship, digital marketing and working with all aspects of the media.
We have had many comments from both new and existing clients, colleagues and associates on how we have visibly 'raised our game' in the past year and it has not gone unnoticed that some other firms in our area have followed our lead (well, you know what they say about imitation, don't you?). So now what?
Quantifying success
Well, this is the time I find the most fascinating: evaluation. What has worked, what hasn't worked and what feels right, despite the lack of cold hard evidence supporting return on investment? In marketing, when essentially the main goal is to create recognition and respect of a company and its reputation, success can be hard to quantify.
Some things, such as social media, require a long run in and the right moment. That is particularly difficult to evaluate because, although people have spoken to me about posts on the firm's Facebook and Twitter pages, they have not actively 'liked' or 'followed' them. That is when you have to look at the reach of these channels and not just rely on the obvious statistics. There is still a lot of work we want to do on these, but my gut reaction is that, for regional firms, actively getting involved in social media is like getting prepared for the future.
While we assigned designated contact details to various activities so that we can monitor any enquiries made as a result of literature or adverts, how do you put a price on someone spotting your stand at an event and coming up to tell you that your firm handled their last two house moves and a divorce? I found this quite fascinating because I have heard from a lot of solicitors that clients try to avoid eye contact if they see their lawyers out in public, but our experience has been quite the reverse.
Data capture
The way I am going to be reviewing the year is first by meeting members of the firm's marketing team to look at any data that has been captured and hear about what they thought worked well and what could
be improved. I will then feed
that information back to the partnership with any reports
I think are necessary.
Having pulled out the strengths from the past year, we can then build on them for our strategy for 2015. I have to admit I have some ideas on how to capitalise on certain marketing activities that proved undeniable hits.
To me, good marketing depends on two things: making it clear from the start what you want marketing activity to achieve, and then evaluating whether it succeeded, surpassed or fell short of expectation.
While putting in measures and processes can provide the cold hard data, it will be interesting to see how we decide on the value of the qualitative, anecdotal benefits of our marketing activity in the
past year. SJ
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Catherine Maxfield is managing partner of Eric Robinson Solicitors