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Wednesday, December 11 2019

How To Quickly Attract New Payroll Customers
By Glenn Fallavollita, President of SellMorePayroll.com & Drip Marketing, Inc.

  • Word Count: 567
  • Time To Read: 2.3 Minutes @ 250 Word Per Minute

Marketing your payroll service is a critical aspect to growing its sales; however, the key to your marketing success is this: Niche marketing. 

What Is Niche Marketing?

Niche marketing is all about focusing on a particular group(s), i.e., a marketing database that have a common element(s). 

Core Groups To Target:  

Niche Markets To Consider:

  • Associations
  • Charter Schools
  • Franchise Owners
  • Government Entities
  • Healthcare / Home Care
  • Hospitality Industry
  • Law Practice
  • Manufacturing
  • Medical Practice
  • Not-for-Profits
  • Retail Businesses
  • Restaurants

The Benefit From Niche Marketing.

The real benefit of niche marketing is this: Focus. And if you ever managed a sales/marketing team, you and I both know it’s imperative to keep a person’s focus on a target market. Plus, when you are focused on a particular group, the following happens:

  • Your marketing messages will be more in tune with the marketplace.
  • Your sales team starts to use “buzz words” that resonate with a prospect.
  • Your industry testimonials will carry more weight.
  • Your salespeople have a defined target.

Successful Marketing Campaigns Follow Four Basic Rules.

  1. Have something good to say.
  2. Say it well.
  3. Say it often.
  4. Follow-up via a phone call.

What Type Of Promotions Or Low-Risk Offer Can You Use?

Consider these ideas as you plan your promotion:

  • Celebrate National Payroll Week
  • Bundled service/product promotion.
  • Free trial period.
  • Provide a gift card to a client who sends you a lead that results in a sale. Other ideas could be dinner on us, office lunch on us, to even cold hard cash.
  • Sponsor a shred your office files day.
  • Private label a bottle of hot / BBQ sauce. This is great to give (free) a local restaurant, CPA firm, or CPA/small business expo or event).
  • Sponsor a CPA golf event.

Sample list of private label BBQ/hot sauce companies:

www.hotsauce.com
www.hotsaucedepot.com
www.croixvalleyfoods.com

Crucial Step: Review Your Existing Marketing Material And Website. 

I recommend reviewing/rewriting the following:

  • Business Cards
  • E-Mail Signature Line
  • Sales Brochures
  • Social Media Pages
  • Testimonials
  • Website

Clearly Articulate The Pain Points Your Payroll Service Solves.

Your marketing message should tell a reader the problems your payroll service solves.  Here are some key talking points:

  1. Increased level of accuracy (payroll reports and state/federal payroll withholdings).
  2. Lower cost(s) as compared to your current service.
  3. Better and more personalized customer service.
  4. Recommended by CPAs.
  5. Reduce the time spent managing and running payroll.
  6. Upgraded technology, time clock options, and HR services.
  7. Local business.

You Only Have 1- to 2.5 Seconds To Get Someone’s Attention.

Choose your headlines carefully as you will only have a reader’s attention for 1- to 2.5-seconds before they decide to read further on or stop altogether. With your niche marketing messages, remember to use industry jargon to help your message resonate with a reader. 

Try to avoid using platitudes like these:  

  • Accurate
  • Affordable
  • Convenient
  • We’re Better Than (Or Cheaper) Your Current Payroll Service
  • Professional
  • Reliable

Add Reports To Your Website/e-Mail Marketing Campaigns:

  • Top 10 Payroll And Timekeeping Tips for Small Businesses
  • How To Identify Payroll Fraud At Your Business
  • 5 Steps To Help Switch To A New Payroll Service
  • A Business Owners Guide To Time Clocks

Executive Summary: Prospects will switch to a new payroll service for the following reasons:

  1. Cost
  2. Poor Customer Service, Accuracy, Or Performance With Existing Service
  3. Better Functionality, Upgraded Technology, And Ease-Of-Use
  4. Trusted Advisor/Internal Decision Maker Recommended A New Service
  5. Business Is Being Taken For Granted

Now that you know the top reasons why someone would want to switch to a new payroll service, you can use this information in your next marketing campaign.

Posted by: SellMorePayroll.com AT 08:38 am   |  Permalink   |  Email