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Reviews of books on client development |
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The Rainmaker's Toolkit: Power Strategies for Finding, Keeping, and
Growing Profitable Clients In a nutshell, Mills's "power strategy" includes three main components:
Nowhere does Mills neatly define "premium " or "high-profit" or "high-value." You have to kind of catch the drift. But the methods that Mills presents for implementing this strategy is brilliant stuff. To help you develop premium services, position yourself in the marketplace, and identify your high-profit customers, he provides a series of worksheet-like charts, graphs, and pyramids. These are the tools in the rainmaker's toolkit. They are largely useful, although some are a bit too complex. Mills is a big-picture guy -- often short on details, examples, anecdotes, case studies, and step-by-step guidance. Here is one of Mills's most valuable observations in the area of building life-long relationships:
Unfortunately, Mills offers no further guidance on how to managing clients' expectations or train professionals to do so. The weakest chapters are the ones about marketing techniques (referral networking, public relations, newsletters, advertising, etc.). These chapters are superficial and derivative, apparently outside the author's own area of expertise. I don't know why he felt compelled to include them in the book. I'd rather see an additional chapter on managing clients' expectations than perfunctory babble on marketing techniques. About
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