Mark Wickersham (UK)
Almost every
time I share stories of how firms using my techniques are able to double – or even treble – their prices, someone in the group will say, “But Mark, if I’m
charging double what the firm down the road is, aren’t I ripping my clients off?” The answer I always give is:
Absolutely not! A prime example, and one which I often
look at in more depth in workshops, is the way UK accountants incorporate businesses. (By incorporate I mean the
way accountants take a sole trader and – as long as there are benefits such as tax advantages – move them to a corporate structure.) What I’ve found
is that the prices they charge for this are crazily cheap, on average £200 -£400.
In contrast, firms I work with
charge four- or five-figure sums for the same process. Clients deserve the best
Again, some of you might think, “But if
one firm will do it for £300, while others charge £2000, they must be ripping clients off.” Again, the answer is, ‘no’.
I genuinely believe that the
cheaper firms are in danger of being negligent. In the case of
incorporations, for example, there are at least twenty different things we need to consider if we’re going to do the job properly and give the right advice. The problem is we don’t always
recognise the importance of what we do. But, when I explore these twenty things in seminars, everyone agrees they couldn’t possibly consider them all for £300. That’s why we owe it to our
clients to be expensive. They deserve a Rolls-Royce service
– and we need to allow enough time
in our budget to provide one.
Also:
Those links again:
The Value Pricing System
Effective Pricing for Accountants (book)
The Power of Price Psychology
Monthly Mentoring
The complete guide to menu pricing – NEW!
(video training programme) How to build a successful bookkeeping
business (book) How to build a successful bookkeeping
business (video training programme) Grab them NOW and claim the true income
that you earn!
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