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Jeanne Heflin posted a new Starting A Business thread on 11/8/2011

I need help with figuring out what my "niche" is...any advice?

I am starting a bookkeeping business and other than bookkeeping, I will offer the services of payroll, tax prep, business consulting as well as various QuckBooks services (training, set up, etc.). My problem is there are about five other companies (my top five competitors) that offer the same exact services. The only real difference I can see is that I will offer the ability to be able to pay by debit and credit card. I do a fantastic job and I work really hard and I always strive for 100% accuracy. I really need to find a "niche" or an edge in this market. I have some pretty stiff competition. Some of this companies have been here 35 and 50 years. Any ideas, my friends? I have been thinking on this for weeks and cant come up with a thing. Thanks you guys!
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Carmen Roy Responded on 11/9/2011


Hello Jeanne,
Have you thought about getting Paypal and adding a paypal "Buy Now" button on your website? This is an inexpensive way to accept credit card payments. They don't even have to have a Paypal account to use it.
Do you have any expertise in any industries? For example, I was a Real Estate agent so I tend to market my services to Real Estate Professionals because I understand the biz. Think in terms of your special knowledge. You can offer your Customers value this way.
 
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Shane F. Responded on 11/10/2011


Adding additional services may just make you look unfocused and could confuse your potential clients. It's best to add a service to your offerings after you have established a need in the marketplace. In other words, if every week ten people ask you, "Do you offer X-Y-Z service?" then it may be time to think about selling X-Y-Z. Consider setting yourself apart through image and customer service.

Image will go a long way for you in establishing yourself as being as reputable as your senior competitors. Looking better than your competition will win you new business. How does your website compare? How about your business cards or marketing materials? Your competitors who have been in business for over 35 years are likely not even using social media, so your profiles should look far better than theirs. The more professional looking bookkeeper is the one that I would chose. If you want to be the best then look the best. Clients will feel more confident dealing with someone who looks like they know what they are doing.

Customer service is a lost art which started fading away with the advent of voice automated telephone systems. Companies thought if technology could make their customers talk to a machine instead of a human it would save the business a lot of time. -Great for the company, not so great for the customer. Then came the internet which spawned the mentality, "if we can let the website handle everything then we can make money in our sleep and hardly do anything". (seriously, have you ever tried to get in touch with someone at Google, Yahoo, YouTube, ebay, or Craigslist?) -Great for the company, not so great for the customer. Today, the most service we can expect is someone greeting us when we walk into a retail store - which as you know, does nothing more than annoy most customers. These trends will change in the coming years. Customers want customer service back. Give it to them - however you can, but consider the following:

*Be sure to anticipate their needs by answering all of their questions before they contact you. Consider offering free content on your website, full of facts, tips, and answers to every question that someone might have regarding what you offer.

*You may also consider adding one of those "click here to speak to a live representative" buttons to your website to show clients how accessible you are. ("LivePerson" is the most popular of those services)

*You could also use a phone service that will forward your business line to your cell phone so that you never miss a call, and the client never gets a machine (Google voice is a good option and it's free).

If I was in the market for the services you offer, I would choose the company who looked the most professional, was able to answer all of my questions quickly and efficiently, and is accessible in the event I should need help fast. What would YOU be looking for? What are other local business owners looking for? Have you asked them? Why not? Start conducting surveys with the small business owners in your business leads group. Don't belong to a business leads group? Why not? (Some chapters of BNI are good resources. You may want to consider attending a local meeting)

What's really going to make or break you will likely be the marketing. Who is your target market and how will you reach them? But that's another post for another time.

I wish you the best.


 
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