Build Your Firm’s launch of Platinum features two innovative new tools to the accounting industry.
Secure File Sharing – Bank grade security (256 bit) and no need for user names and passwords. Share files securely with clients without having to create a portal. Avoid those annoying “I forgot my password” phone calls.
Better Payment Processing System – One payment processing system to give you more control over Accounts Receivable. Get paid faster and with lower overall costs. Get paid by ACH, credit cards, debit cards and bank wires integrated into one system. And embed live links into emails and your billing software program.
If you want to improve your accounting practice, check out Build Your Firm’s Platinum Website service.
It’s really nice to see more and more accountants getting the confidence to target the real estate industry and develop it into an area of concentration. Every month, the steady improvement continues throughout most of the United States. By all means, it helps that interest rates have remained historically low.
Here are some examples of accounting firms taking the leap to become more aggressive targeting this sector back into their good graces.
If you would like to acquire more real estate clients into your practice, contact Build Your Firm at 888-999-9800 x1.
Responsive web design is an approach which changes the website viewing experience to fit the viewer’s screen size. In other words, the website is designed so that your website is displayed properly to smart phones, tablets, desktop computers and it adjusts on the fly.
Smart phones and tablets are very different from desktop computers. If you’ve used your smart phone and stumbled upon a website designed only for desktop computers and had to scroll and expand the screen, then you know the issue.
Mobile traffic from smart phone and tablets is exploding. Earlier this year, Americans spent more time online using a mobile app than PC’s. Granted, the typical viewing experience is different during daytime hours when your office is open, but the overall point is that the time spent accessing the internet from a smart phone has exceeded traditional PC usage and this trend will continue.
The original web design standard was to design one website for all types of monitors. In phase two, it shifted to one design for desktop computers and another layout for smart phone users. In phase three, we are evolving towards a standard that one website is designed but it will morph to the size of the device.
Here are the reasons why you should care?
1.) One Website, Many Devices – In today’s world, the customer is king and they expect you to deliver information on their terms using modern technology. And if you can’t meet their expectations, they will find another accounting firm that does understand they are using a smaller than normal device.
2.) Google Says – With about 67% market share, Google can move the market and typically has a strong rationale behind it. In this case, Google prefers responsive web design over mobile templates because it’s easier for their bot to crawl your website. And, it’s more efficient for Google’s bot to crawl one responsive website rather than a website with two formats (desktop and mobile).
3.) Adapts to Future Devices – While we don’t know what the next popular device size is, we do know that responsive design will display properly for that size in the future. Whether this is smart TV screens or watches or glasses or display monitors in your car.
If you would like a responsive website design for your accounting practice, call us and we’ll gladly develop one around your needs.
James Castaldo CPA and Associates wants more leads from transportation related businesses in the NY metro area and Long Island. While some aspects of this niche are not sexy like limos, trucks and taxis, other parts like marinas and jets are. To pull this all together, James asked Build Your Firm to help him creates a niche across most of the transportation accounting sector.
Given the dense population in the New York City and Long Island along with a more diverse transportation system, he is now seeking to acquire more clients in each of these areas. He has clients already in each area but the depth and quantity need to increase so he can expand his practice aggressively.
Call Build Your Firm if you’d like to dial up your marketing and lead generation this season at 888-999-9800 x1.
To generate more quality leads for Business Valuation services, McKinnon Patten made the decision to develop a website dedicated to their business valuation and succession planning services. Traditionally, leads for these services came from existing clients and the engagements were rather attractive. To increase the flow of leads and make more businesses in the Dallas Metroplex aware of their niche in this area, they’ve gone forward with a website dedicated to this segment of their business.
McKinnon Patten has operated in the Dallas Fort Worth area since 1969. As a traditional CPA firm, they’ve done very little marketing and relied on word of mouth over the years. However, with the economic growth in north Texas centered around the energy sector, they’ve elected to turn up the volume and generate more leads from the internet.
Currently, McKinnon Patten has four responsive designed websites designed to attract high quality leads. Like most regional CPA firms, they have a generalist website which communicates their overall services. However, to generate more leads in their areas of concentration and improve their overall hourly realization rates, they also have niche websites for Energy, Real Estate and Business Valuation.
If you’d like to acquire more leads from the internet, contact Nita Sabo at Build Your Firm, 888-999-9800 x1.
The days of “old fashioned” paper based invoicing is off the charts. However, many accounting firms still invoice traditionally and cross their fingers for the check to arrive. And to make this even worse, many are extremely apprehensive to pick up the phone and call those clients for payment and continue to wait for the check to arrive.
The reality is that most small businesses make a habit of paying slowly and live off the float. And because most accounting firms bill after services are performed and have very little on retainer, this creates and ongoing cash crunch. And, it means more write-offs. Ouch….
According to a variety of studies, here is what the “true cost” of paper based billing really costs you.
True Average Cost Source
$3.00-$5.00 Institute of Management and Administration
$4.84-$20.13 Aberdeen Group
$4.00 – $20 Bank of America
Regardless of the study, we all know that the old fashioned way of billing and waiting for the check to arrive is broken and does not work. In fact, that’s why nearly every single employee gets paid by direct deposit for payroll. Getting paid electronically is cheaper, faster and so much more reliable.
Let’s assume that the cost of waiting for the check to arrive system costs $4.00 per (fully loaded) bill, then why are so many savvy accountants still processing accounts receivable this way?
According to my research, Build Your Firm’s ePay Payment Processing portal can lower the variable cost to less than $.75 per transaction for electronic processing (ACH and credit cards combined). While this is not fully loaded because there are too many overhead variables, it is over 80% less. And, it gets the accountant paid over thirty (30) days faster. Wow, cheaper, faster and lower write-offs. Hhmmm…
Based on a research study by Accounting Today, the lag time between when an invoice is sent out and when fees are collected is:
When Invoices Are Paid To Accountants
65% Less than 30 days
15% 31-45 days
10% 46-60 days
5% 61-90 days
5% Over 90 days
Source – Accounting Today Executive Research Council, July 2013
If you’d like to get control of AR and lower your costs by 80%, then call Build Your Firm about ePay Payment Processing. It’s easier than you think.
In this calendar year, Navjeet has managed to acquire 38 Yelp reviews from satisfied clients’ of his accounting firm. And because many of these online reviews were from infrequent reviewers on Yelp or the pace of the reviews was too rapid, 24 of the reviews have been caught in Yelp’s filter. However, 14 are live which is impressive.
Here are some tips that Navjeet shared with me today on the phone:
a.) Navjeet has downloaded the Yelp app onto his cell phone so it’s easier to post reviews when he has free time. Within the past two months, he has written 53 reviews onto Yelp to elevate his badge status. He writes about 2-4 reviews each week and his badge status has been elevated from Rookie to Pro.
b.) Steady does it – Getting lots of reviews in one week will get more reviews stuck in Yelp’s filter. Approach this process as a marathon, not a sprint. Make it part of your weekly task list. Navjeet writes 2-4 reviews each week from different locations and the Yelp app does look at locations he is posting from. Net, post from different locations, not just your office.
c.) Pay It Forward – Writing genuine reviews for your clients is a nice way to signal that you appreciate their patronage. It also indicates that you might be open to reciprocal treatment. While blatant review requesting is frowned upon by Yelp, subtle hints and making the public aware that you accept reviews is fine.
d.) BYF’s reputation management tool helps clients post reviews onto multiple reviews websites from one landing page. If you like getting more mileage, this app helps you get more mileage.
e.) Navjeet has applied this process to many types of clients. Professional Services to restaurants and retail. He plans to continue this each week from now until tax season. By tax season, he expects to receive about 5-8 reviews in Yelp each month.
f.) Clients that are not active Yelpers will most likely be filtered out. However, if they ultimately post reviews gradually over time, some of their reviews will move out of the filter and go live.
g.) Yelp reviews are longer and more in-depth than Google reviews. Google focuses on the number of stars while Yelp wants more passion and depth.
At the end of the day, Yelp appears to be making their best effort identifying passionate reviewers who understand the “community” of Yelp and want to share information to avoid bad experiences. Yelp does make an active effort to reward and recognize active Yelpers with their badge program.
Overall, Navjeet realizes that reputation management is a numbers game and is willing to put in steady efforts to receive the love back in the future. You’ve got nothing to lose by paying it forward with some well written online reviews. Download the app and integrate this into your weekly to do list.
The energy sector is probably the fastest growing segment within the US and has enormous potential over the next decade. By energy, I am referring all aspects of the energy sector ranging from oil and gas production, renewable energy, mining, and transportation aspects of energy. This trend is also confirmed if you look at the fastest growing states and local economies.
To capitalize on this emerging sector and attract new business clients, McKinnon Patten CPA now has a website dedicated to this sector. McKinnon Patten has been working with the oil and gas industry for fifty years but wants to accelerate their growth and penetrate this sector even deeper.
If your firm is located in an area that is booming because of the energy boom and would like to acquire more energy sector business clients, then step up your game and contact Build Your Firm to learn more.
As a potential buyer on the hunt to purchase something, we all stumble upon websites that absolutely suck. Whether it’s a local restaurant or B&B or professional service firm, we all know it when we see it. Train wreck…
While most accounting firm websites are improving, there are still some gems out there. Here are some of the common mistakes that I frequently see on poorly designed websites.
Mistakes to Avoid
1. Phone number is only on the Contact Us or Home Page – The goal of your website is to create the right branded impression, answer questions quickly, and motivate a prospect to call you. Given that, why isn’t the phone number on every single page? Often, the phone number is only on the Contact Us page or Home Page.
Research shows that 60% of website visitors enter your website from an interior page, not the home page. That’s because they come to your website from a search engine rather than typing in your URL. Like any residential home, the traffic pattern into the house is often a side door or back door, not the front door. Net, you want your phone number prominently placed on every single page of the website. It’s website design 101.
2. Too much text on a page – While the internet is an information driven medium, prospects respond to images and colors before getting motivated to read text. Many accounting firms jam too much text on the page or use accounting jargon to describe the service they provide, which pushes prospects away.
3. About Us page - Prospects are looking for some connection with the firm owners. The About Us (Who We Are, Partners, etc.) page is an opportunity to stand out and should provide pictures of the key players along with well written bio’s. The number of accounting firms that are too lazy to provide a picture of themselves along with a well organized bio shocks me. The second common mistake is pushing Our Values mass produced text into the About Us page rather than genuinely describing the firm owners and key staff members. These are cop outs and your prospective clients see right through it.
4. Non-relevant tools – Some of the canned accounting website designers use tools that are irrelevant to accounting. For example, one website designer often inserts a weather forecast onto the home page. If someone is seeking to hire an accountant, what do they care about the weather. That’s a total non sequitur. Another is a stock price tool, which there are hundreds of other websites that provide more powerful stock portfolio tools. The content on your website should focus on the core accounting/tax services you provide and not delve into meaningless or watered down tools.
5. No SEO – To us, your website should be easy to locate on the internet and should be search engine optimized. Most of the canned providers offer cheap templates that are lost in space and difficult to locate in Google, Bing and Yahoo. All of our websites are optimized for search engines and we do not charge extra for it.
6. No Social – Your website should include social media so prospects can elect how to interact with you. And, it should provide an option for an integrated blog.
7. Lacks Mobile – Your website should adjust to fit the size of the visitors screen size. If they use a smart phone, it should be a mobile version. If tablet, then another size. If a desktop, then another screen size.
8. Reputation Management – Your website should help you obtain online reviews with less effort and gradually improve your local reputation.
With the advances in technology, you should expect more from your website and put your best foot forward. For more detail on what your website should accomplish, join us on August 7th to learn more. The webinar is free and we will demo several powerful tools which should become part of your practice.
The fact is that prospects for your accounting services search online for solutions to their problems. To become the firm (or person) best suited to solve their complex issues, you need to create a presence on the internet which motivates the prospect to call you. In other words, all roads direct them back to your firm, or you.
Blogging first started in the late 1990s as a unique way for people to share ideas, experiences, thoughts and opinions. Today, everyone from mom-and-pop businesses to Fortune 500 companies utilize blogs to increase their visibility online, improve their reputation, develop a following, and generate new business.
Here are the reasons why having a blog integrated into your website are important.
- “Google says” – Google has a voracious appetite for fresh content. They reward websites and individuals for providing unique content by elevating your website in the search engine results pages. They especially like blogs because the content is easier to index and is date stamped so they know how fresh or old it is.
- Showcase your unique talents – A blog is a wonderful platform to demonstrate your knowledge base for a boutique type of service and create a following. Rather than blog about general accounting and tax related topics, which are too broad, we recommend that you narrow the range by developing a niche within your accounting practice, have a niche website developed around that niche service, and then add a blog to the niche website. By narrowing the range of topics and constraining the subject matter, you can now laser focus on blogging about your expertise.
- Build trust and create a brand identity – Now that you have a niche website along with a themed blog to support it, the stage has been set to create an identity and establish trust. The next challenge is to write 3-4 blog posts per month which help your followers and demonstrate the depth of your expertise. If you do this successfully, you will eventually create an identity as a subject matter expert who prospects reach out to when they need help.
- Incorporate images into your blog posts which reinforce your message. Images draw readers into your content and make it easier for them to remember your blog ideas.
If you would like capitalize on inbound marketing to grow your business, contact Build Your Firm at 888-999-9800 x1. We have been advocating inbound marketing for over ten years and now make this easier than ever.