Thursday, September 10, 2020

Fifty Shades Of Grey Client Development Lessons

Developing the Next Generation of Rainmakers Fifty Shades of Grey: Client Development Lessons I know. You saw the title and thought: “This guy has really gone off the deep end this time.” Believe me, I understand your skepticism. But, bear with me, the Fifty Shades of Grey trilogy owes its success to “word of mouth” and most lawyers will tell you they get new clients because of “word of mouth,” so I think there is something to be learned. Why is the Fifty Shades of Grey trilogy so popular? I haven’t read it, but I get why it is popular. Clearly sex sells, but that is not helpful to getting client development ideas for lawyers and law firms. When I began my research I found American Express Open Forum article:  6 Business Lessons From 50 Shades of Grey. Here are the lessons: I read  Grey Area: How ‘Fifty Shades’ Dominated the Market  and found that the unprecedented success of the book in the United States was all based on word of mouth. I also learned that: The crucial difference may have less to do with talent, content, or luck than with a peculiarity of Leonard’s early readership: her work originated as fan fiction, a genre that operates outside the bounds of literary commerce, in online networks of enthusiasts of popular books and movies, brought together by a desire to write and read stories inspired by those works. Leonard’s excursion in the genre provided her with a captive audience of thousands of positively disposed readers, creating a market for her books before they ever carried price tags. In 2011, she contracted with a small Australian press to publish it as the Fifty Shades trilogy, in ebook and print-on-demand paperback formats. How can you create a situation where your knowledge, expertise and content will spread by word of mouth? Speaking to an industry association is the equivalent of originating your work as “fan fiction.” I did this many times. For example when the FHWA began to authorize design-build, I spoke at conferences. Then I created a guide for contractors. Through the presentations and the guide my goal was to create word of mouth marketing so I would get hired to work with contractors on large, complex design-build projects. I was successful. Would this approach work for you?   I practiced law for 37 years developing a national construction law practice representing some of the top highway and transportation construction contractors in the US.

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