BONUS: An illustration using two firms, one oriented to both production and marketing.

By August J. Aquila
Price It Right: How to Value Accounting Services

An emphasis on production (billable hours) can have negative consequences for an accounting firm. An emphasis on billable hours causes professionals to focus on internal measurements, i.e., the number of hours charged to a client, and not external measurements such as client satisfaction.

MORE: Clients Buy Solutions, Not Features | Six Ways to Expand Your Client Services Checklist | Ten Questions to Refine Your Successful Marketing Plan | Four Questions for Choosing Your Marketing Audit Strategies | Four Steps to a Successful Email Marketing Campaign | Five Reasons to Implement Change Orders | Make Your Practice Better | Eleven Marketing Strategies for Smaller Firms
Exclusively for PRO Members. Log in here or upgrade to PRO today.

It also emphasizes the technical aspect of accounting work and keeps professionals from developing a marketing mindset. Let’s look at the four negative consequences of a production orientation.
READ MORE →

Determine the reason you want it in the first place.

By Bruce Marcus
Professional Services Marketing 3.0

EDITOR’S NOTE: CPA Trendlines was privileged to have a long relationship with Bruce W. Marcus, who was ahead of his time in his thinking and practice in marketing for accounting. We are publishing some of the late expert’s evergreen work, which retains wisdom for the present.

In the early days of publicity, when it was low-down press agentry and not high-blown public relations, the idea was to get your client’s name in the paper. Often. In any context. Just spell it right.

MORE: How to Write Media Releases That Capture an Editor’s Attention | Nine Ways to Choose Your PR Person | When There’s a Leak in Your Firm | Eighteen Things Advertising Can Do for Your Firm | How and Why Client Service Teams Work | Manage Knowledge as a Marketing Tool | Secret Marketing Formula: Get One Client at a Time | Marketing a Fixed Position in a Moving World | How to Build a Marketing Culture
Exclusively for PRO Members. Log in here or upgrade to PRO today.

In the early days of marketing professional services, it became clear that merely to get your firm’s name in the paper, in any context, didn’t help much. Ego, maybe, but nothing more. A new approach to publicity had to be developed.
READ MORE →