Are You Looking for ROI on Your Social Media?

I was at a conference in San Francisco on Social Media for Lawyers. Someone in the back of the room asked the panel members… “What is the ROI on social media?” Dan Goldman, General Counsel for Mayo Clinic gave a brilliant answer. “Let me ask you a question… What’s the ROI on your telephone? Social Media is simply a tool.”

I think Goldman got to the heart of the matter. Those of us who have embraced this thing called social media know how powerful this tool can be. Combined with the right strategy (for you) there could be a good even great return on investment. Here are 5 tips to think about when you are undertaking any social media endeavor.

Any business development initiative should start with a plan. Remember the initiative is not social media… that is a tool. You must have a strategy and part of that strategy should include:

1. Define your audience… If you try to speak to EVERYONE – NO One will listen.

2. Narrow your focus… this will help you become known for something.

3. Define your goals… Sure you want to get more clients, but first you have to build trust. Know what you are trying to accomplish. Is it to increase your credibility? Increase your visibility? Increase opportunities to forge relationships with new people?

4. How are you going to follow-up with the people you meet through this initiative?

5. What are you going to GIVE before you get?

These questions should be asked no matter what tool you use to develop business. For instance: networking at Bar Associations or entertaining clients in a SKYBOX during football season. You must have a strategy, follow-up and give before you get.

So you see why asking about the ROI on SOCIAL MEDIA, NETWORKING or a SKYBOX is absurd… it’s not the tool that matters!

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Written by Paula Black

Paula Black

"I will help you figure out a way to have a thriving practice... doing what you love... while having a great life outside of work." Does that sound too good to be true? It's not. I've helped hundreds of lawyers do exactly that. I believe that one can find harmony between work, family, and play. I've seen it happen, time and time again, and I know that it can happen for you, too. I believe that you really can "have it all"... joy in every area of your life, including work! If that sounds appealing to you, contact me today to set up a complimentary coaching session. You CAN build a thriving practice while finding joy and fulfillment along the way!