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  • Digg it UP - Business Development Strategies in Legal Publishing Can Work for You

    How Buyers Buy: What Sellers Need to Know to Close Sales
    For the past 15 years or so, I’ve been writing books and articles on the process I’ve developed that gives sellers the skills to teach buyers how to manage their systemic buying process. The good and bad news is that the field of sales is just now realizing that the buyers process is actually an important element of the sales process.It remains problematic, however, when sellers continue directing their focus toward product sale rather than decision facilitation and use what they think is knowledge about the buyer’s buying patterns as a manipulation into the selling end of the equation.It doesn’t work. Selling and buying are two separate, disparate, activities.Let’s say you know how a buyer buys – which is impossible for an outsider and difficult for an insider, given personalities, politics, communication, roles/rules, etc. B
    their clients develop their business". He contributes much of their success to the close relationships they have developed with their clients.

    For those starting a publishing business, he recommends focusing on the web, as the print publishing industry is saturated and a tough model to build and sustain. He also suggests that you get audience generated content to guarantee the readership of your publication.

    The moral of this story, no matter what industry you are from, finding out what your clients’ needs are and developing products and services to address those needs is the key to your company’s success and profitability.

    Article Summary of Best Practices for Business Development:
    - Find out what your clients’ needs are and develop products and services to address those needs
    - Create a solid business plan to help achieve your company’s growth objective
    - Research the demographics of your target audience to expand in the right direction
    - Be the first out of the box with something new in your industry
    - Create opportunities to allow your clients to demonstrate their expertise
    - Form and leverage strategic partnerships
    - Invest in the development of products and services that your target

    Marketing 101: Get Involved with the Process
    Getting involved with the community is an excellent way to make your marketing efforts sizzle. Through your association with service and other organizations you will not only gain credibility but you will also gain a type of notoriety. Your involvement does not mean you have to say yes at every turn (no one could afford that much time) but it does mean that you should not say no each time you are asked. Strike a balance between what you can and cannot do for any organization. If they are short of help on a project and no one else is willing to pitch in, you can be the hero that helps to make it happen. With Rotary, I try to be at every event whether it is fund-raising, helping with projects, or attending social events. It is through my involvement that I have had the opportunity to form great relationships with people. Some of whom I do not do bus
    Hoping people will buy your published material or products will be the death of your business! No longer is the traditional one-way publishing model or company-centric thinking acceptable or profitable. According to Mark Rousseau, General Manager for Findlaw/Lexpert at Thomson Carswell, "You need to find out what the client’s needs are and develop products and services to address those needs to succeed in today’s business world."

    Let’s take for example, Mark Rousseau’s growth mandate of 30% compounded growth over the next 5 years. How does he plan to achieve this? According to Mark, they are undertaking a number of business development initiatives to meet their division’s growth objective.

    Thomson Carswell acquired Lexpert Magazine in 2004 from entrepreneur and publisher John Alexander Black and hired Mark Rousseau who has more than 20 years of publishing experience to operate and grow the business. The staff size has since doubled from 15 to 30 employees. According to Mark, "the only other thing that has changed is billing and IT which has been centralized with Thomson Carswell’s operations". The entrepreneurial operation of the publication itself has remained intact.

    Always thinking of ways to grow the business, Mark Rousseau has shifted their advertising focus to include new potential advertisers in the business-to-business and luxury goods categories. This makes perfect sense when you realize that the average corporate reader’s annual income is in excess of $150,000!

    If you want to be viewed as an industry leader, be the first to do something different! Lexpert is leading the way by planning and hosting the first ever Rising Stars Awards show this November for the top 40 Canadian Corporate Counsel and Leading Lawyers in private practice under age 40, in partnership with The Globe and Mail. This out of the box thinking has also led to other innovative initiatives. According to Mark Rousseau, the pilot for their business development course was so successful last year that they are planning to do six 1 ? days business development courses in 2006. Each course will be taught by a leading lawyer in a specific practice area with his/her own unique course material for a maximum of 30 corporate counsel and senior level executives.

    Building strategic partnerships is not a new idea but if you are able to leverage your partnerships like Lexpert has done with the two national dailies in Canada, National Post and The Globe & Mail, you too can have a captive audience of senior business executives in exchange for current and relevant corporate deal news. Once a week, features from Lexpert’s Big Deals column appear in the Legal Post section of the National Post; and coming soon, a new deal with The Globe and Mail which takes effect on Oct 1, 2006 will further assist Lexpert’s clients in reaching their target market of Canadian business executives.

    Lexpert, now part of the global information powerhouse Thomson Corporation, understands the importance of leverage. Through joint initiatives with their U.S. sister companies Thomson West (the largest legal information provider in the U.S.) and Findlaw (a popular U.S. legal Internet site), Lexpert has been able to successfully enter the U.S. legal marketplace and reach 15,000 U.S. Corporate Counsel and 10,000 Leading U.S. lawyers with their magazine. They now do a 25,000 mailing twice a year in the U.S. market with the help of their U.S. siblings, to provide valuable exposure for their Canadian advertising clients and to increase the magazine’s readership beyond Canadian borders.

    With an increasing base of web savvy clients, Mark Rousseau also plans to have everything in print, available online and has a team of web developers revamping their corporate web site at www.lexpert.ca to improve their users’ navigational experience. For example, if you are a corporate lawyer, you will be directed to view information on the site that is relevant to you.

    Lexpert is certainly no stranger to launching successful products into the legal marketplace. Their print publications like "Canadian Legal Lexpert Directory"; "Lexpert/American Lawyer Media Guide to the Leading Top 500 Lawyers in Canada"; "Lexpert/CCCA Directory and Yearbook"; and "Lexpert Law Student & Associate Recruitment Guide" have all been well received by their intended markets. Even their much anticipated online product Deal Monitor, currently under development and slated to be released before the end of this year, is bound to be another huge success as this product promises to address the needs and demands of their key clients.

    With assistance from Thomson Financial and Thomson West, this database will consist of Canadian and U.S. based corporate deals dating back 5 years. This online subscription tool will have analytical capabilities such as trending with historical data, customized search capabilities, and the ability to produce custom graphs and much more. According to Mark, they are not a magazine but "a vehicle to help their clients develop their business". He contributes much of their success to the close relationships they have developed with their clients.

    For those starting a publishing business, he recommends focusing on the web, as the print publishing industry is saturated and a tough model to build and sustain. He also suggests that you get audience generated content to guarantee the readership of your publication.

    The moral of this story, no matter what industry you are from, finding out what your clients’ needs are and developing products and services to address those needs is the key to your company’s success and profitability.

    Article Summary of Best Practices for Business Development:
    - Find out what your clients’ needs are and develop products and services to address those needs
    - Create a solid business plan to help achieve your company’s growth objective
    - Research the demographics of your target audience to expand in the right direction
    - Be the first out of the box with something new in your industry
    - Create opportunities to allow your clients to demonstrate their expertise
    - Form and leverage strategic partnerships
    - Invest in the development of products and services that your target

    Wholesale Video Games
    Getting wholesale video games today gets in many rising entrepreneurial minds and in most home entertaining bargain hunting seekers-faster and easier than ever. The usual when wanting games at good cheap prices is to go to the local Sam Club and purchase one or two games at for example the $13.36-$19.86 prices that I see most often here at the states. I even see local businesses believe that the best way to get bargain cheap items is by buying wholesale from general local wholesalers and liquidation centers.For the average businessman that does not like to do their own diligence for getting entertainment games at the greatest wholesale prices- it is fine and ok to purchase locally every week or every other month. Nothing bad with that, but is it enough if you are a wholesale addict like myself or an also entrepreneur like many of us that lo
    fted their advertising focus to include new potential advertisers in the business-to-business and luxury goods categories. This makes perfect sense when you realize that the average corporate reader’s annual income is in excess of $150,000!

    If you want to be viewed as an industry leader, be the first to do something different! Lexpert is leading the way by planning and hosting the first ever Rising Stars Awards show this November for the top 40 Canadian Corporate Counsel and Leading Lawyers in private practice under age 40, in partnership with The Globe and Mail. This out of the box thinking has also led to other innovative initiatives. According to Mark Rousseau, the pilot for their business development course was so successful last year that they are planning to do six 1 ? days business development courses in 2006. Each course will be taught by a leading lawyer in a specific practice area with his/her own unique course material for a maximum of 30 corporate counsel and senior level executives.

    Building strategic partnerships is not a new idea but if you are able to leverage your partnerships like Lexpert has done with the two national dailies in Canada, National Post and The Globe & Mail, you too can have a captive audience of senior business executives in exchange for current and relevant corporate deal news. Once a week, features from Lexpert’s Big Deals column appear in the Legal Post section of the National Post; and coming soon, a new deal with The Globe and Mail which takes effect on Oct 1, 2006 will further assist Lexpert’s clients in reaching their target market of Canadian business executives.

    Lexpert, now part of the global information powerhouse Thomson Corporation, understands the importance of leverage. Through joint initiatives with their U.S. sister companies Thomson West (the largest legal information provider in the U.S.) and Findlaw (a popular U.S. legal Internet site), Lexpert has been able to successfully enter the U.S. legal marketplace and reach 15,000 U.S. Corporate Counsel and 10,000 Leading U.S. lawyers with their magazine. They now do a 25,000 mailing twice a year in the U.S. market with the help of their U.S. siblings, to provide valuable exposure for their Canadian advertising clients and to increase the magazine’s readership beyond Canadian borders.

    With an increasing base of web savvy clients, Mark Rousseau also plans to have everything in print, available online and has a team of web developers revamping their corporate web site at www.lexpert.ca to improve their users’ navigational experience. For example, if you are a corporate lawyer, you will be directed to view information on the site that is relevant to you.

    Lexpert is certainly no stranger to launching successful products into the legal marketplace. Their print publications like "Canadian Legal Lexpert Directory"; "Lexpert/American Lawyer Media Guide to the Leading Top 500 Lawyers in Canada"; "Lexpert/CCCA Directory and Yearbook"; and "Lexpert Law Student & Associate Recruitment Guide" have all been well received by their intended markets. Even their much anticipated online product Deal Monitor, currently under development and slated to be released before the end of this year, is bound to be another huge success as this product promises to address the needs and demands of their key clients.

    With assistance from Thomson Financial and Thomson West, this database will consist of Canadian and U.S. based corporate deals dating back 5 years. This online subscription tool will have analytical capabilities such as trending with historical data, customized search capabilities, and the ability to produce custom graphs and much more. According to Mark, they are not a magazine but "a vehicle to help their clients develop their business". He contributes much of their success to the close relationships they have developed with their clients.

    For those starting a publishing business, he recommends focusing on the web, as the print publishing industry is saturated and a tough model to build and sustain. He also suggests that you get audience generated content to guarantee the readership of your publication.

    The moral of this story, no matter what industry you are from, finding out what your clients’ needs are and developing products and services to address those needs is the key to your company’s success and profitability.

    Article Summary of Best Practices for Business Development:
    - Find out what your clients’ needs are and develop products and services to address those needs
    - Create a solid business plan to help achieve your company’s growth objective
    - Research the demographics of your target audience to expand in the right direction
    - Be the first out of the box with something new in your industry
    - Create opportunities to allow your clients to demonstrate their expertise
    - Form and leverage strategic partnerships
    - Invest in the development of products and services that your target

    10 Ways a Small Business Can Use Direct Mail Successfully
    You must decide whether you can create the mailer yourself of if you have to hire someone. To be successful, direct mail must reach the right person, be read by that person, and persuade that person to buy something or to be interested in receiving additional information from your company. The following 10 ways will help your direct mail succeed:1. Identify your audience and target them with your mailing To do this you must decide the purpose of the mailing, whether you want to target existing customers or attract new customers. Learn about them. What do they like and what motivates them to buy? You must know your audience in order to create a successful direct-mail piece.2. Create a good mailing list and double check it. Your list must be targeted, accurate, current. There are many places that sell lists if you
    f senior business executives in exchange for current and relevant corporate deal news. Once a week, features from Lexpert’s Big Deals column appear in the Legal Post section of the National Post; and coming soon, a new deal with The Globe and Mail which takes effect on Oct 1, 2006 will further assist Lexpert’s clients in reaching their target market of Canadian business executives.

    Lexpert, now part of the global information powerhouse Thomson Corporation, understands the importance of leverage. Through joint initiatives with their U.S. sister companies Thomson West (the largest legal information provider in the U.S.) and Findlaw (a popular U.S. legal Internet site), Lexpert has been able to successfully enter the U.S. legal marketplace and reach 15,000 U.S. Corporate Counsel and 10,000 Leading U.S. lawyers with their magazine. They now do a 25,000 mailing twice a year in the U.S. market with the help of their U.S. siblings, to provide valuable exposure for their Canadian advertising clients and to increase the magazine’s readership beyond Canadian borders.

    With an increasing base of web savvy clients, Mark Rousseau also plans to have everything in print, available online and has a team of web developers revamping their corporate web site at www.lexpert.ca to improve their users’ navigational experience. For example, if you are a corporate lawyer, you will be directed to view information on the site that is relevant to you.

    Lexpert is certainly no stranger to launching successful products into the legal marketplace. Their print publications like "Canadian Legal Lexpert Directory"; "Lexpert/American Lawyer Media Guide to the Leading Top 500 Lawyers in Canada"; "Lexpert/CCCA Directory and Yearbook"; and "Lexpert Law Student & Associate Recruitment Guide" have all been well received by their intended markets. Even their much anticipated online product Deal Monitor, currently under development and slated to be released before the end of this year, is bound to be another huge success as this product promises to address the needs and demands of their key clients.

    With assistance from Thomson Financial and Thomson West, this database will consist of Canadian and U.S. based corporate deals dating back 5 years. This online subscription tool will have analytical capabilities such as trending with historical data, customized search capabilities, and the ability to produce custom graphs and much more. According to Mark, they are not a magazine but "a vehicle to help their clients develop their business". He contributes much of their success to the close relationships they have developed with their clients.

    For those starting a publishing business, he recommends focusing on the web, as the print publishing industry is saturated and a tough model to build and sustain. He also suggests that you get audience generated content to guarantee the readership of your publication.

    The moral of this story, no matter what industry you are from, finding out what your clients’ needs are and developing products and services to address those needs is the key to your company’s success and profitability.

    Article Summary of Best Practices for Business Development:
    - Find out what your clients’ needs are and develop products and services to address those needs
    - Create a solid business plan to help achieve your company’s growth objective
    - Research the demographics of your target audience to expand in the right direction
    - Be the first out of the box with something new in your industry
    - Create opportunities to allow your clients to demonstrate their expertise
    - Form and leverage strategic partnerships
    - Invest in the development of products and services that your target

    Egos and the Workplace - a Question of Shortsightedness
    How many times have you seen a promotion elevate a person’s sense of themselves far beyond what seems warranted? Or are you familiar with the individual who constantly finds fault with the efforts of others as an obvious device to showcase their own greatness? But greatness is not measured in being a big fish in a small pond. Greatness is being a big fish in a big pond, that pond being the entire world . Greatness is rare. It’s unlikely you’ll find it in your organization.The next time you leave the office, open your eyes. What you’ll see everywhere are products of great minds that have created the world we know. No one in your Accounting, HR or even Research and Development Departments are capable of such watershed events or inventions. Automobiles, airplanes, buildings, harnessed electricity, how do we view all this with swelled
    vamping their corporate web site at www.lexpert.ca to improve their users’ navigational experience. For example, if you are a corporate lawyer, you will be directed to view information on the site that is relevant to you.

    Lexpert is certainly no stranger to launching successful products into the legal marketplace. Their print publications like "Canadian Legal Lexpert Directory"; "Lexpert/American Lawyer Media Guide to the Leading Top 500 Lawyers in Canada"; "Lexpert/CCCA Directory and Yearbook"; and "Lexpert Law Student & Associate Recruitment Guide" have all been well received by their intended markets. Even their much anticipated online product Deal Monitor, currently under development and slated to be released before the end of this year, is bound to be another huge success as this product promises to address the needs and demands of their key clients.

    With assistance from Thomson Financial and Thomson West, this database will consist of Canadian and U.S. based corporate deals dating back 5 years. This online subscription tool will have analytical capabilities such as trending with historical data, customized search capabilities, and the ability to produce custom graphs and much more. According to Mark, they are not a magazine but "a vehicle to help their clients develop their business". He contributes much of their success to the close relationships they have developed with their clients.

    For those starting a publishing business, he recommends focusing on the web, as the print publishing industry is saturated and a tough model to build and sustain. He also suggests that you get audience generated content to guarantee the readership of your publication.

    The moral of this story, no matter what industry you are from, finding out what your clients’ needs are and developing products and services to address those needs is the key to your company’s success and profitability.

    Article Summary of Best Practices for Business Development:
    - Find out what your clients’ needs are and develop products and services to address those needs
    - Create a solid business plan to help achieve your company’s growth objective
    - Research the demographics of your target audience to expand in the right direction
    - Be the first out of the box with something new in your industry
    - Create opportunities to allow your clients to demonstrate their expertise
    - Form and leverage strategic partnerships
    - Invest in the development of products and services that your target

    Take Yourself Away from the Rat Race
    A lot of people are unhappy with their jobs yet dreaming what they can do in order to increase their incomes and still a lot of people are dreaming of how they can take themselves away from the rat race. Most of the employees of whatever company they are in speak and dream of owning their own businesses and become self employed. Gallop poll has estimated that half of the American employees want to be self employed in the future, and it is a very surprising number that almost half of our employees want to be their own bosses. It is also surprising that almost three quarters of the working adults in the country is not satisfied with their jobs. It does not apply only to the blue collar workers but it is also seen in professional individuals with degrees.But only a few have actually been brave enough to leave the sanctuary and the stabilit
    their clients develop their business". He contributes much of their success to the close relationships they have developed with their clients.

    For those starting a publishing business, he recommends focusing on the web, as the print publishing industry is saturated and a tough model to build and sustain. He also suggests that you get audience generated content to guarantee the readership of your publication.

    The moral of this story, no matter what industry you are from, finding out what your clients’ needs are and developing products and services to address those needs is the key to your company’s success and profitability.

    Article Summary of Best Practices for Business Development:
    - Find out what your clients’ needs are and develop products and services to address those needs
    - Create a solid business plan to help achieve your company’s growth objective
    - Research the demographics of your target audience to expand in the right direction
    - Be the first out of the box with something new in your industry
    - Create opportunities to allow your clients to demonstrate their expertise
    - Form and leverage strategic partnerships
    - Invest in the development of products and services that your target market needs & would pay for
    - Create a company web site that is easy to navigate and provides a good user experience
    - Have your products and services available online
    - Focus on building partnership relationships with your clients
    - Research the industry you are thinking of entering
    - Survey your clients or potential clients for new ideas

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