How much are you leaving on the table by focusing primarily on referrals? Here’s a thought-provoking episode that addresses the missed opportunities for estate and elder law attorneys who are heavily dependent on referrals from financial advisors. It’s a wake-up call to the stark income disparity between the two professions, with financial advisors outearning their attorney counterparts by embracing digital marketing. While referrals make up an important business strategy, they shouldn’t be your only play. If you want to truly thrive and expand, look to generating just about 20% of your revenue from referrals. The rest? Let’s talk about digital marketing strategies that don’t just trade your time for money, but buy back your time – and pay dividends.
Shift your mindset. Let’s challenge the common notion of trading time for money. Instead, let’s explore investing in strategies that free up your time, giving you room to become a more effective CEO of your business. With the market seeing more affluent investors going the self-advised route, direct-to-consumer marketing is now more crucial than ever. It’s high time to take inspiration from successful financial planners, adopt a more forward-thinking approach towards digital marketing, and be open to new strategies. Ready to take your practice to new heights? Let’s get started.
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