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Starting an Accounting Firm? Client Acquisition Tips

Posted on December 27, 2010 | No Comments
John Harkin asked:




Starting an accounting firm can be a daunting task for even the experienced accountant. There are so many issues to consider, including software selection, hiring key employees, office space and other administrative tasks. But one of the most important questions for an accounting firm startup is – how do I acquire new clients so I can build my firm quickly?

Client acquisition should always be a high priority and a significant amount of financial resources must be committed to advertising and other marketing initiatives. At the end of the day, if you don’t have any clients you don’t have a practice. There are many ways to market your firm’s services. Some of the most popular are yellow pages, direct mail and networking. These marketing approaches can and do work, but they do not work as well as a targeted, optimized internet marketing campaign.

When starting an accounting firm, a focused internet approach will give start up accounting practices an opportunity to target the clients that meet their specific service offering. In addition, the return on investment associated with an online marketing campaign tends to be higher than for other advertising mediums. Internet marketing can take many forms including search engine optimization, pay per click, and on-site ad placement. Make sure that you use an approach that allows you flexibility and is cost effective. Many leads may just not be as good as advertised and increased competition in the marketplace is forcing many firms to compete for the same leads.

When starting an accounting firm, make sure that you focus specifically on lead generation and client acquisition first. This should be a high priority for any new firm. Without a client base, all the other administrative tasks associated with starting an accounting firm won’t do you much good.

Kansieo.com
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