Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Digital Dive: The Digital Buyer's Journey: How to Nurture Your Potential Clients

By Spencer X. Smith
February 01, 2021

Open your inbox and count how many times you've received an email like the following: "Hey Jane Doe, I'm just following up to see if you received my last email." Or I'm "touching base" or "checking in." Doesn't it seem like many digital salespeople follow this same impersonal sequence?

|
  1. Cold email pitching product/service
  2. Follow-up email checking to see if you received the first email
  3. "I'm reaching out for the last time to see if you're interested."

Why is this happening? And why is it happening at a seemingly accelerated rate? Volume. More emails yield more activity, and activity is the first metric by which salespeople are judged. The sales funnel, if you're following this formula, is:

|
  1. Activity
  2. Opportunities (prospects)
  3. Sales (clients)

Digital salespeople rarely, if ever, initially meet their potential clients in person or synchronously (phone, video call, instant messaging). And because these digital salespeople have very large sales territories, they can afford to turn off 90%+ of their recipients with their spam emails. Email is basically free and can be sent to a near-unlimited audience instantaneously. To hit their sales goals, digital salespeople can burn through an extraordinary volume of emails to discover those who will say, "Yes."

Effective business development requires building relationships to grow your practice. The people with whom you'd like to do business are those you may see at the Chamber of Commerce meetings, annual industry conferences, or on the golf course.

Because you don't have an almost infinite base of potential clients to spam with templated emails, like our friends the digital salespeople, trying the "spray & pray" model they use simply won't work. You'll sew more anger than goodwill by using their tactics.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
How Secure Is the AI System Your Law Firm Is Using? Image

In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.

COVID-19 and Lease Negotiations: Early Termination Provisions Image

During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.

Pleading Importation: ITC Decisions Highlight Need for Adequate Evidentiary Support Image

The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.

The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies Image

Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.

Authentic Communications Today Increase Success for Value-Driven Clients Image

As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.