Thanks to rampant globalization, a growing economy and a complete tax environment, accounting services are in high demand. Regardless of the size and type of business, marketing has emerged to be the “go-to” way to win prospects and nurture every small and large company. Marketing for accountants is as crucial for your firm if not more as it is for most experts out there. What can you do to retain clients and win new ones? Make sure your firm is at the top of its game while taking new industry trends and ideas for business development into account.
Carving out a niche, developing a good referral program, establishing an online presence through effective social media marketing and creating a diligent marketing strategy are useful tactics that may help you win clients for your accounting business. Your accounting firm can easily be a robust, high growth business. State of the art marketing solutions for accountants understands the significance of developing your position as an industry expert, establishing a strong online presence while ensuring that you consistently assess your efforts against your investment.
What is accounting marketing?
We are witnessing the evolution of accounting marketing from a relationship-driven, geographically limited discipline to a skill and expertise based multifaceted strategy that leverages the latest technology and techniques to target specific customers. This approach is very impactful when it comes to a firm’s visibility, reputation, service offerings, new client acquisition, client retention, recruiting and pricing.
Marketing is however not the same as sales. The latter is the process offering a specific set of tailored services to address a specific prospect’s needs and convincing them to make the purchase while marketing is the process of generating awareness for the services offered by the firm and encouraging qualified prospects to reach out in case they wish to be furnished with more relevant information.
Devising your Marketing Strategy
First, you need to know who you are talking to, following which you can feed that precious insight into your carefully drawn marketing strategy. Take your time and invest judiciously when it comes to defining marketing goals and the methods you’ll use to accomplish them. Whether you are just getting started or you have spent a formidable budget on marketing each year, ensure you have a properly researched and well-documented marketing strategy before you to keep you grounded and motivated.
A formal marketing plan for your accounting business is the best way to organize your efforts and ensure they are channelized into something productive. A plan should briefly touch upon- business targets, vision, and mission, overarching goals, your unique selling points (USPs), a SWOT (strengths, weaknesses, opportunities, and threats) analysis.
How will a marketing channel help your firm?
It’s time for you to incorporate some inbound marketing tactics. It’s important to understand what kind of information your clients are seeking and how you can best deliver it, in a cost-effective, time-saving manner. There are a number of marketing tactics at your disposal- referral programs, social media, email marketing, content marketing and thought leadership. Determining the right tactic depends on your company’s audience, budget, resources, etc.
Finally, do not undermine the significance of compelling content, website design and development, online marketing graphic design, and video production. Come up with innovative and convenient ways to introduce your firm and everything it stands for. Combine interviews, client testimonials and introduce key members of your team. Your customers need to believe in you and your service before they make a purchase. Make that happen with a stellar marketing strategy.
Marketing for accountants needs to be simplified and strategized. Building an accounting company is not an easy task. There are plenty of wrong ways to market a CPA firm. Making your first steps in marketing can be challenging and overwhelming but this is the only way to ensure recurring client relationships. Throughout all marketing activities, however, use analytics to guide you towards better decisions and the best results.