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Marketing Practices & Solutions
by Jack Fox jackfox@accountingguild.com • 702.242.8725 www.accountingguild.com
Articles
Marketing in a Time-Scarce World
Americans see thousands of advertisements a day -- and most of us don't even realize it. Jack Fox outlines some of the great "marketing as selling" schemes and explains "marketing as conversation as a prelude to relationship." General Ledger Was Not a WWII Military Hero
Small business owners need accounting systems that increase efficiency and profit. But if the business owner can't understand how to use the system or the software, all of the benefits are wasted. Target Emailing New Clients & Opportunities
Done carelessly, targeted email newsletters can annoy and alienate prospective clients. Done responsibly, a well-aimed email campaign can attract new clients and help you hold on to the ones you have. Strategic Alliances and Dinner Theatre
Accounting is not about software, it's about services, says the Accounting Guild's Jack Fox. In this article, Fox explains why it is impossible for software vendors to be everything to every accounting professional, and examines the accountant's role in selling ASP services. Focusing On Your Practice
The Accounting Guild recently conducted a research study with hundreds of accountants in various types of practices related to technology's role in creating a new professional landscape. The discussions centered on how, if at all, technology was having an impact and how accountants viewed their professional practice experience at all levels. Li'l Abner and Outsourced Client Acquisition Marketing
The best marketing solutions are based not only on facilitating the coordination of sales, marketing, client service and support, but also on the client and prospective client's preferred channels of interaction -- a salesperson, call center or Internet-based communications such as email and email newsletters. Stand Out After Your Start-Up
You're finally out on your own ... or so you think. You still have a boss that you have to prove yourself to -- the client. Being independent means that you have to set yourself apart, stand out and be noticed, target your market, communicate your message clearly, and deliver on your promises. Here is a checklist to help you market along the way. Enron: Lessons for Accountants It's not uncommon as an accounting professional to find yourself as an independent accounting professional dealing with small and medium-sized business clients who are looking for ways to skirt the law. Here, tips on how you can protect yourself. Contact Relationship Marketing
We all come in contact with a broad range of individuals and businesses. Yet most of us never seem to connect with these people. Reasons include the pace of business life, the time pressures we're all under, or, in some cases, lack of marketing skills. These obstacles can be overcome if you recognize the importance of other people to your success -- and realize that you bring something of value to business relationships. Failure to connect means missed opportunities and undeveloped business relationships. Accounting Software Vendors: After the Days of Wine and Roses
Many of the accounting professionals can not provide an answer when asked to name their favorite vendors. The overwhelming majority felt that the vendor community in the accounting industry had betrayed the profession in the past several years. The good work that was done by many vendors over the past decade or longer in building a solid working relationship has largely been shattered and now is in dire need of rebuilding. Sell Accounting Benefits, Not Procedures
Too many accountants' presentations and advertising messages stop short of optimizing their message. They sell procedures when they should be selling results and benefits. "This is what you should do" in no way initiates the excitement and anticipation that "This is what you'll get" generates. Jack Fox explains how to move toward an optimum relationship with clients. Accounting professionals face new challenges in this first real year into the Millennium. Given the level and proliferation of competition across the accounting industry and the apparent similarity of the strategies put in place to combat it, you might assume that the task of developing an accounting practice becomes increasingly difficult every year. But in Jack Fox's opinion, it becomes a little easier.
A business plan is a document that discusses your practice's plans, shows that the plans can be achieved, and demonstrates that the outcome satisfies the accounting professional's objectives. An effective business plan will help you delineate objectives, directions, and strategies. The key to becoming a more effective and confident speaker is practice. Whether you are delivering a keynote address or presenting a technical paper to a small group of peers, Jack Fox's 10 key principles hold true.
Stress is the operative word in accounting and the business environment. Yearly shots have no affect. It's immune to all known antibiotics and invisible to the most powerful electronic digitized microscopes. It is reaching epidemic proportions, and almost everybody is feeling the effects and at risk.
In this audio interview, Fox discusses how a three page article on how he started his accounting business, written 15 years ago, has recently resulted in the third edition of his book, the bestseller Starting and Building Your Own Accounting Business. Fox shares his own experience in "the business of accounting" as he advises accountants on how to break out and start their own accounting business.
Starting and Building an Accounting Practice by Jack Fox Paperback -- 397 pages, January 2000, John Wiley & Sons
Building a Profitable Online Accounting Practice by Jack Fox Paperback -- 368 pages, January 2001, John Wiley & Sons
Accounting and Recordkeeping Made Easy for the Self-Employed by Jack Fox Paperback -- 274 pages, October 1994, John Wiley & Sons |
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