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Post Info TOPIC: Marketing - what has worked for you?


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Really interested to hear how other bookkeepers and accountants are selling themselves, the costs, and whether there has been success... ? 

 

 



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I don't. Next question! :)

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Vince M Hudd - Soft Rock Software

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With a hat like that Vince, who needs marketing ;oP


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Love it. Vince with his company in his signature doesn't market himself.

I've done one or two things since I started. Most have been on a bit of a shoestring though. One of the best things I've done recently is hire someone to do sales calls a few hours per week for one particular market. So far the return on investment has been over 1000% if each client she got me sticks around for a year. Obviously the longer each client remains the better that gets. I really wish I'd found her sooner.

Postcards have probably been the worst in terms of the number of clients generated, but it is useful to get people seeing your name. I had my car sign written, but I've not done it with my new car yet, still deciding. My website has pulled in a few clients, and I'm just about to have the content rewritten and develop a sales funnel.

I've avoided newspaper adverts and yellow pages. I have had a few articles in the local paper and I'm looking at sponsoring a local kids football team soon.

My aim over the next year is to have a more joined up approach to my marketing and refine the message a bit more.

I'd be interested to see what others do too.

Kris



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"Love it. Vince with his company in his signature doesn't market himself."

Yes, but... Soft Rock Software

Last I checked, this was a bookkeeping forum and the question was aimed at bookkeepers marketing their bookkeeping services.

In fact, if you were to find your way to my website, the place bookkeeping is mentioned is on the services page, where it says:

"Through Soft Rock Software, I am able to provide a number of services, from bookkeeping and accounting support, IT support and training, and software development. Prices are negotiable according to the service provided and nature and urgency of the work being undertaken.

However, at the present time I am unable to commit to any new work because my current workload means little or no spare time for anything else."

It has pretty much said that for as long as that page has existed, and it only exists at all because at some point in the dim and distant past one of my clients said "You should advertise this sort of work on your website" - so I started, slotted the page in place, and then couldn't be bothered to actually write any real content for it.

The bottom line is that I don't put any effort whatsoever into trying to drum up bookkeeping work* - I never have done. The work has just come my way regardless, all through word of mouth, and often when I don't want it to. (But when it does, I accept it because I don't like saying "no" to potential money.)

*I suppose you can argue that the very act of posting here is to market my services, but I simply see it as trying to help others. (And who knows, maybe one day I'll want help in much the same way). And I did 'nod' towards the concept of marketing by adding myself to the network find a bookkeeper thingammy. But as a general rule, all I ever actively promote is my software.

(Which I currently give away for free anyway - but I do have a cunning plan that will make me my first million fifty quid.)



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Vince M Hudd - Soft Rock Software

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Hmmmmmm.......

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"With a hat like that Vince, who needs marketing ;oP"

So true, so true. ;)

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Vince M Hudd - Soft Rock Software

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Hi . I have been considering what to do with regards to marketing for a while now as I have in the past spent a small fortune on wasted magazine adverts ,flyers,postcards ,leads lists etc and not received one client from it so I have been thinking about perhaps using a telemarketing company but I am not sure if this would be throwing good money after bad.
Can anyone recommend any such companies and if they have used this method was it successful .
Any comments appreciated
Stephen

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How I have got my clients

Referrals                  16     (19%)

Local Magazine          7      (8%)

Relation                     1       (1%)

Flyer                          4        (5%)

Telemarketing           4         (5%)

Internet                  14         (17%)

Gumtree                    2         (2%)

Mailshot                  27          (33%)

Servicestart              2           (2%)

Training Courses      6            (8%)

Total                        83

 

First time I have actually sat down and sorted it out but clear that my clients have come from three main sources;  mailshots, referrals and internet accounting for 69% of my total clients.  If you were to ask me before I summarised i would have said that that was my 3 main sources of client.

But as you can see my clients come from all different sources and it is just a case of seeing what works for you.

Mark

 

 



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.



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Hello Mark,

Thank you for sharing.
If possible I would like to as how is this mailshot (email or letters?) and how does it works ?

Kind regards,

Adrian

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Hi Stephen,

Who is your target market?

Kris



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Hi Kris,
I am targeting plumbers and heating engineers and joiners in the local area
Thanks
Stephen

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stephen72 wrote:


I am targeting plumbers and heating engineers and joiners in the local area


 I find those a very difficult market and have to some extent (from experience) pigeon holed them as a group likely to try saving a few bob by getting 'er indoors to do the bookkeeping as "its just adding up a few figures".

Of course, they lose money by not knowing what they can claim, getting fined for late / incorrect returns etc. but you will find it difficult to convince them of the fact that they are saving pennies and losing pounds.

Considering the above I personally don't actively pursue that market but would not turn them away if they came to me.

Similar story with freelance Taxi drivers.



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Shaun

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Adrian99 wrote:

Thank you Mark,

This is a hard to find key :) Any hint ?
I will try to google and find out more.

Have a lovely evening !

Adrian


As much as would like to unfortunately cant reveal what the secret is.

But have generated £25k worth off fees out of £1400 spend.  So been worth it.

Perhaps I should run a seminar to show what you need to do.  Unlike many of these seminars my methods seem to work.



-- Edited by MarkS on Saturday 1st of June 2013 12:48:04 AM

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Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.



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Hey guys!

Wow! I have been away busy today, but what a great response to come back to!!

Kris - I love the telemarketer idea! Must look into that.

Stephen - I too have been targeting local tradesmen with a specialised leaflet.. I did get 3 jobs from one morning of face to face "schmoozing" at trade counters, so not bad for £25 of leaflets!

Mark - you are so impressive with your breakdown.. how did you work that one out? Manually??? How are you making your website so effective?

Shamus - taxi drivers - I hear ya footsteps a-running and I join you!!

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My clients came as follows:-

Local business magazine about 58% was more but I have ditched a few. (Biggest customer came via this way, in fact that customer started off as a reasonable size and has grown)

Referrals about 26% (clients and accountants)

Postcard in Window about 10% (I've stopped doing this now as I have changed my email address and my branding so need new postcards).

Twitter 6%

I have had no luck with Mailshot but at the moment I have stopped doing it as I haven't got the time to follow it up.

Mark - do you follow up your Mailshot clients, what I mean do you individually send letters to a list of say Electricians off the net and then follow those letters up with a phone call or a 2nd letter?

I haven't bothered with Taxi drivers as I feel it could be a lot of work, and I have got my fingers burnt in the past with other trades and learnt a hard lesson.




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Amanda



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Hi Amanda

Wow 58% local business magazine... that's incredible!?!

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I have one of those, but my problem with that, is that I know my old boss advertises in it... loyalty and all that, old habits die hard!

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B******s to that get in there. Nothing like a good bit of competition! There is competition in the one that I am in but to be honest its never bothered me, when someone rings me up its important to have a good friendly telephone manner, ( was in telesales for a long time), and then arrange a meeting and go in for the kill. (if you know what I mean). Thing is you win some and lose some. I lost a really good one last year due to it all going in house and being miles away from me so I couldn't go anyway, and I have got rid of a few dodgy ones. I still have one that I would like to get rid off but to be honest although his stuff was a pain in the bum to do (lack of paperwork) he did pay on time last time so really couldn't tell him to P*** off!

I changed area last year for the mag and did another one of their mags and that's when I hit with my biggest client, so definately worth the money for the 6 months advertising. Now back in the local one and I am meeting up with a new start up in July from that one. Also trying out a new area that's about 6 miles away which is a very nice area, so far only been in the mag twice so no calls yet but I am hoping that that one may pull in some business in the next 6 months. That one will take time as its a new area for the mag as well.

So go for it girl!

Good Luck.

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Amanda



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Adrian99 wrote:

Hello Mark,

Thank you for sharing.
If possible I would like to as how is this mailshot (email or letters?) and how does it works ?

Kind regards,

Adrian


Letters

Key is identifying who and when to send the letters too.

Mark



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Mark Stewart CA

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Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.



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Thank you Mark,

This is a hard to find key :) Any hint ?
I will try to google and find out more.

Have a lovely evening !

Adrian

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FoxAccountancyServices wrote:

Mark - you are so impressive with your breakdown.. how did you work that one out? Manually??? How are you making your website so effective?


 Yes manually.  Have a master spreadsheet where have client number, name, type, address, telephone number etc.  One column is source.  So just sorted by that column and totalled each category up.

Dont do anything with website and has been virtually unchanged in 18 months with exception of a couple of blogs and testimonials but going to do some major amendments in the next few months and currently reviewing what I want the website to look like so can get it as I want.  Though people are finding me somehow as got a call today from someone in turnbridge wells who found me via google.



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Mark Stewart CA

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Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.



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Amanda wrote:

Mark - do you follow up your Mailshot clients, what I mean do you individually send letters to a list of say Electricians off the net and then follow those letters up with a phone call or a 2nd letter?


No just one letter sent without any follow up call or 2nd letter.

Key is identifying who and when to send letter as said above.



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.



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HOw about an online Webinar Mark to show us how its all done?

That's definately worth the £1400 spent. I send my letter via Imail, it was Kris that got me into that one.




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Amanda



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I assume that must be a source that provides information about people that have just started their businesses and they urgently need accountancy services or they have just received something like a warning from hmrc in order to complete a tax return or to deal with something.

I remember how the insurance companies use to better sell their services on a street where a house was on fire. :)
Could be one of the mechanism.
I think people do nothing until they get fined or something happen.

Wish you all a nice Saturday ! :)

Adrian



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I think this is why you're experiencing the problems, Adrian. You need to get into their heads, work out what their problems are and why you are the solution. The three responses you have given are typical bookkeeper responses and are not selling points for clients.

It's a bit like a mechanic saying "I know all the bits of a car".  People don't care, they want to know if you can fix it today.  What do your target market want? What are their issues?

Kris



-- Edited by kjmcculloch83 on Monday 3rd of June 2013 02:36:00 PM

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Adrian99 wrote:

nobody will want a bookkeeper unless they really need one


I don't think this is at all true.  I think we are just really bad at selling it to them. The challenge is to help people realise that not only do they really need a bookkeeper, but that they really need you.  People generally don't know what they need or want, that's why companies spend billions on advertising.  They convince people that they need their products or services.  This is something that traditionally our industry has been really bad at.  With increasing numbers of bookkeepers over the past few years I think to survive we need to give things a bit of a shake.

You need to decide on a market to target, a scattergun approach wont work unless you're lucky (but how do you replicate that luck?).  Once you've decided on the target market you need to speak to those in it, find out what their issues are.  Put yourself in their place, what are the problems they face?

Once you know the issues it'll be easier to package your services in the right way to resolve these.  You'll also know the price points to aim for.  If you sell the same basket of services in the same way as every other bookkeeper the only thing which separates you is price.  That is when it becomes a race to the bottom.  Once you stand apart and find some other way to separate yourself from the crowd you'll no longer be competing for a few pounds an hour.

Kris



-- Edited by kjmcculloch83 on Monday 3rd of June 2013 03:10:37 PM

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�I find those a very difficult market and have to some extent (from experience) pigeon holed them as a group likely to try saving a few bob by getting 'er indoors to do the bookkeeping as "its just adding up a few figures".

Hi Shamus . Thank you for your reply . I think that your comment is correct but it seems to be that everyone is doing the accounts themselves . I have been targeting different business groups every couple of months and the main response I get is why should I pay you to do something that I can get for free from a family member .
I am not sure if this is just the way things are going with people trying to save money and doing it themselves but from reading other people's posts it doesn't look that way so maybe I just need to persevere .

Thanks
Stephen

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I have spoked with some sole traders: e.g. electrician and builder and they had the same opinion.
I hope it is not every sole trader opinion though ... if this is the case, maybe companies could be the target.

Have a good week everybody.
Adrian

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I have a few clients who are tradesmen. I think it depends on how you package your services. You need to understand their issues and create a package to solve them. Most folk will ask why they should pay for something they can do for free, your response will determine whether or not you get the work.

Kris

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My response:
1. correct analyse of expenses and expenses advice
2. income and expenditure report
3. advice on allowances AIA, WDA, balancing allowance, charge

What else has worked on making the client say "Yes" ?

Cheers


Adrian


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Thanks Kris,

I really do not know what market to choose.
You are right, nobody will want a bookkeeper unless they really need one. Who really needs one and why ?
And what are the issues they have ?


Cheers

Adrian




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This sounds very good.
But how do I put it in practice ?


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1. Decide on your market
2. Speak to people in that market (telemarketing, or face to face)
3. Ask them what problems they face (they wont always know, you may need to dig a bit)
4. Imagine you are in that market, what problems do you see yourself having?
5. Create a service to address this
6. Advertise the solution to the market, not the service

It's really as simple as that. Cross my palm with silver and I'll do it all for you

Kris

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Many thanks Kris,
The plan sounds great.
Just to get the all thing right, could you just give me an example of a market that you have choose, a problem and a solution.

Many thanks,

Adrian

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I wasn't going to, but I will.

Take a joiner who does work for private individuals and sub contracts a bit. The chances are, in that industry, one of their problems is poor cashflow. Their invoices are not being paid quick enough. Typically the problem actually lies in the fact that they don't send their invoices quick enough, perhaps they gather them up until they can be bothered/are skint before they actually send them. The solution may be that you create a full service for them including invoicing, credit control, bookkeeping, final accounts and self assessment. You would then sell the solution not the service. So you may say "We make sure you get more of your money, quicker than ever before!"

Kris

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That's a good one Kris, I am about to start that with one of my current clients in a few weeks time, as they have had issues with credit control and still do. They have now got a letter drafted up regarding collecting their money and I suggested putting my name on the bottom of it as it then makes them look more serious if their client thinks they have outsourced it or even got a finance department. It should work well when we start it and hopefully it will make a big difference.

I agree that some of the small tradesman have problems sending out their invoices. I have one who is the exception to the rule and he is very good at sending out the invoices and chasing his money, so I don't get involved in any of that part of it.

I find a lot of tradesman have just got really bad habits and like to muddle on, it's up to us to persuade them otherwise, its easier to do that once you are face to face. I always suggest to them if they are really bad, to put a shoe box in their van and then put all their fuel receipts in it, as I then tell them if they don't do it they won't be able to get the VAT back on it, NO receipt, NO VAT, (thats if they are VAT reg), they soon do as they are told then!

HTH



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There are plenty of sole traders needing accounts and tax return done.  1/2 my client base are sole trader/partnership.

Though I am coming at it from a slightly different angle from the accountant perspective than the bookkeeper perspective and probably agree that most sole traders/partnerships wouldnt see any value in bookkeeping work and just either do it themselves or agree a system to hand over their records at the year end for their accountant to do.

Mark

 



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Thank you Chris, Amanda and Mark.

This really sounds good !
If I were a joiner I would definitely sign for the solution as this will save loads of time.
But would they afford to pay the bookkeeper for all this work ?

Cheers

Adrian






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100% of my clients are sole traders. The vast majority have signed up for this type of 'do it all' service. While some may be sceptical remember you are not trying to sign up every joiner, only those who are prepared to pay for the service. Believe me when I say there are plenty of them out there.

I earn a crust with my sole traders doing exactly this. I have no reason to believe others couldn't if they put thier mind to it. Why should it work for me and not for others?

Kris

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Thank you Kris, this is a great idea.
How much it will be the charge for "do it all" package for a small business like a self employed joiner ?
and How is this calculated: Is it % of their turnover or fixed fee or both ?

I hope I am not going to far on this one,

Have a lovely day :)

Adrian

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I do a few annuals for Bookkeeping, one of them is really good and its very organised into suppliers/month order so easy to just put into QB's the others ones aren't quite as orgainsed. I could do with a couple more of these just to fill in the gaps.

Adrian - you may find that a small sole trader doesn't want a regular bookkeeper unless they are VAT reg, so maybe look to get them annually instead.



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Thank you Amanda,

This was also my general feeling after visiting some bookkeeping websites.
How much it`s the annual bookkeeping charge for everything including tax return for a small sole trader ?

Thank you,

Adrian


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HI,

I don't do tax returns it goes to the accountant for that part. To be honest it entirely depends on how big the customer is to what they get charged. The really small ones can be about £150 and the larger ones can be upwards of £500, it really does depend on how busy they are and whats involved each year. One of them changes quite a bit, also it depends on how organised/disorganised they are. They are handy to fill in the gaps with. If it all comes to me in a carrier bag and I have to start from scratch then I charge more for this as its time consuming to sort out.


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Amanda



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Thank you Amanda,


Have a sunny day :)

Adrian


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I have a few sole trader clients who are not VAT registered which I do on a monthly basis. They get the full package from me of bookkeeping, reports, final accounts, tax returns and some ad-hoc support during the year. For very small businesses like this I can charge between £20 and £50 per month just for the services listed above. Once you have them though, you get the chance to upsell your services and addons.

Kris



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Hello there everyone :)

I've been really busy this last few days, but have been keeping an eye on this thread. Its a a great read!

Kris, I have taken a leaf from your journal and am looking for a telemarketer! I am great at chatting with people, but just hate the cold call... fingers crossed that it will be I who can give out some great advice on this subject soon!

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Thanks Kris,

Nice to see you back Michelle,


This sounds great.
I am currently doing my own research and I will add any good stuff I found about it.
What has changed my point of view about selling is that first I need to speak with people. Just construct a welcome pack that highlight what I can do in order to have something to show and speak with them as what they really need and how much are the willing to pay.


Have a nice evening !

Adrian

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