change is inevitable, even in marketing

sometimes it’s improvement. sometimes it isn’t. what role will you play?

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

speaking of change, as we have been, in the several months it took me to write my book and to choose from the hundreds – maybe thousands – of articles i’ve written over the years, a great deal has changed. and not just trivial stuff.

more: do you want more publicity? or better publicity? | how to write media releases that capture an editor’s attention | why accountants should be nice to journalists | ten keys to crafting ads | four things to know about social media | internal communications are underrated | four things better than a company song | let’s lose the word ‘image’ | the risk in not understanding risk | what your marketing program can and can’t do | nine reasons that prospects say yes | how marketing evolved to 3.0 | accountants don’t sell soap.
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

the movement to replace the hourly billing with value billing has accelerated. firm mergers, consolidations, new boutique firms that bear little resemblance to the historical professional firms, new technology that makes obsolete technology that was itself only months old. it seems that observations (i don’t make predictions) that i made decades ago about the need to go outside the firm for new sources of capital to finance growth have turned out to be accurate. new professional/marketers partnerships are springing up. professional services marketing 3.0 is in full swing.
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do you want more publicity? or better publicity?

letter blocks with middle section rotating to change word from "quantity" to "quality"

determine the reason you want it in the first place.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 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.
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how to write media releases that capture an editor’s attention

forget the five w’s and other clichés.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

a recent business communication book says that in writing press releases, the lead paragraph should include the five w’s – who, why, what, when and where.

a textbook on journalism written in the 1920s says the same thing – the five w’s.

more: nine ways to choose your pr person | when bad news happens to good firms | creating the perfect ad | how hard do you work to keep your clients? | when clients think they know marketing | how to put target marketing into context | everyone in your firm is marketing | accountants vs. lawyers: who wins the marketing battle? | professional services marketing requires flexibility | how to set marketing objectives
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

nothing has changed in more than 70 years? don’t believe it. just read any good newspaper in the u.s., canada or great britain. and what newspapers do is what press releases must do. why?
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nine ways to choose your pr person

the rules of the game have changed.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

there was a time when all you needed was a roll of nickels and a phone booth, and you were in the pr game. of course, all clients expected then was that you get their names in the paper. for most of the publicity clients in those days, that was sufficient.

more: when bad news happens to good firms | why accountants should be nice to journalists | ten keys to crafting ads | four things to know about social media | internal communications are underrated | four things better than a company song | let’s lose the word ‘image’ | the risk in not understanding risk | what your marketing program can and can’t do
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

“those days” were the late 1920s and 1930s, before pr became public relations, and before we were beset with such glorious concepts as “image,” and “positioning,” and “niche marketing.” today, public relations is infinitely more sophisticated than that, as is the public relations client. the public relations program for any modern corporation is to its publicity ancestor as desktop publishing is to hieroglyphics. and of course, the public relations program for the professional firm is different, too.

but to have a sophisticated public relations program requires not just a sophisticated practitioner, but a sophisticated client. a firm, if it knows how, will always find a good public relations practitioner or consultant, but a consultant is only as capable as the firm he or she serves.
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when bad news happens to good firms

don’t go spinning out of control.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

every election campaign produces, among other things, media myths and bad language. during the elections of the last two decades, the language was infected by a new myth called spin control. the phrase, which broke a speed record in becoming a cliché after the 1988 election, implies that a good media relations practitioner can control the nature and texture of a story in the press – can put the right spin on it to get the journalist to tell it the spinner’s way.

more: why accountants should be nice to journalists | 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 toolsecret marketing formula: get one client at a time | marketing a fixed position in a moving world | how to build a marketing culture | have you planned how to service your new revenue? | why is change so hard for firms? | why value pricing works
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it’s just not so. for all that the myth implies, when it comes to the media, we propose – but others dispose. thus it was, and thus it always shall be, so long as we have a free press.

but is the telling always accurate? no. is it always fair? no. sometimes, despite all of the public relations professionalism, and despite all the cooperation we may offer the media, the story comes out badly. disaster, dispensed in the aura of a supposedly objective media, doesn’t merely strike, it reverberates.
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why accountants should be nice to journalists

woman interviewing man in front of full-wall city window

or else you’ll turn into a pumpkin – or something.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

your mother raised you to be nice to everyone, and you’ve always been taught to be nice to journalists. answer their questions. tell them everything. stop what you’re doing and cooperate. be polite.

that’s the conventional wisdom. you’ve even read that in the marcus letter. but are there ever times to tell the press to bug off, and leave you alone? maybe.

more: when there’s a leak in your firm | creating the perfect ad | how hard do you work to keep your clients? | when clients think they know marketing | how to put target marketing into context | everyone in your firm is marketing | accountants vs. lawyers: who wins the marketing battle? | professional services marketing requires flexibility | how to set marketing objectives | how marketing in accounting has evolved | accountants don’t sell soap.
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

on the face of it, the media seems to have all the power. they speak to a lot more people than you do, and they do it with what the general public accepts, usually unquestioningly and with little reason, as objectivity.
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when there’s a leak in your firm

man holding hand to mouth as if telling a secret

never mind who – why?

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

ok, somebody talked to the press, and leaked information that shouldn’t have been leaked. that’s three problems, not one.

primary, of course, is how do we control the damage caused by the leak?

more: creating the perfect ad | ten keys to crafting ads | four things to know about social media | internal communications are underrated | four things better than a company song | let’s lose the word ‘image’ | the risk in not understanding risk | what your marketing program can and can’t do | nine reasons that prospects say yes | how marketing evolved to 3.0
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

then we worry about who did it.
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creating the perfect ad

man designing ads

here’s how to get it right.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

at last, the perfect law firm ad campaign. well, pretty much perfect. the 39-office, atlanta-based law firm has been running an ad campaign that embodies every principle of good advertising.

more: ten keys to crafting ads | 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 | have you planned how to service your new revenue? | why is change so hard for firms? | why value pricing works | why competition matters most
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

its ad in the wall street journal has a picture of a man in front of a crossroad sign as if he were choosing which fork to take. the headline, which is really a callout in the middle of the copy, is in larger type than the rest of the text, which says “where you go now” (lower case as is).
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ten keys to crafting ads

and why some ads don’t work.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

certainly, the current crop of ads tends to be better than the earlier ones, although we had such weirdies as “accounting is our passion.” (“passion” is the current fad word). i thought passion to serve clients is more to be desired. how many words will be wasted to explain the link between their passion and their ability to meet your need?

more: eighteen things advertising can do for your firm | how hard do you work to keep your clients? | when clients think they know marketing | how to put target marketing into context | everyone in your firm is marketing | accountants vs. lawyers: who wins the marketing battle? | professional services marketing requires flexibility
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

then there was “financial restructuring without the bitter aftertaste,” for a law firm. the copy’s ok, but the illustration of three executive with faces screwed up (presumably from the bitter aftertaste) looks as if they’ve been drinking doctored kool-aid. pretty inviting, isn’t it? a good rule is don’t try to be funny in public until at least six strangers, none of whom is related to you, laugh at what you’ve written. nothing sours an ad more than unfunny attempts at humor.
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eighteen things advertising can do for your firm

and five things it can’t, no matter how good it is.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

advertising, in professional services, has a strange history. more words, and more dollars, have been wasted on it, and less seems to have been learned from its mistakes than from any other marketing tool we currently use.

more: how hard do you work to keep your clients? | four things to know about social media | internal communications are underrated | four things better than a company song | let’s lose the word ‘image’ | the risk in not understanding risk | what your marketing program can and can’t do | nine reasons that prospects say yes | how marketing evolved to 3.0
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in the early days – the few years post-bates (1977) – advertising was still anathema to law and accounting firms. arthur young was probably the first to do it after bates, which was an exercise in courage (i was there – i remember) and then came deloitte’s “beyond the bottom line” campaign. the more likely scenario at the time was typified by the then-managing partner of price waterhouse, who said about advertising, “over my dead body.” now law and accounting firms, including its successor firm, pwc, spend millions. marketing for professionals, as we know it today, didn’t come easy. i’m not so sure it’s much easier today. certainly, getting it right in advertising is no slam dunk.
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how hard do you work to keep your clients?

woman in white office meeting with man

keep your clients out of the competitive pool.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

the conventional wisdom is that getting a new client costs more than keeping an old one. and for once, the conventional wisdom is correct.

yet, many professionals too readily take clients for granted. or don’t look for opportunities to increase revenues from perfectly satisfied clients.

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four things to know about social media

man's hand writing social media strategies on a whiteboard

talking to prospects when prospects can talk back.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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.

there are four things to know about what we now call the social media.

first, it’s media – a means of communication, a medium, not of itself a magic carpet. which means that its value lies in its ability to convey ideas and facts to a vast world of viewers. which means, as well, that we’re back to the old computer nostrum of “garbage in, garbage out.” or to paraphrase another (if contrarian) view, it’s not the medium, it’s the message.

more: how and why client service teams work | when clients think they know marketing | how to put target marketing into context | everyone in your firm is marketing | accountants vs. lawyers: who wins the marketing battle? | professional services marketing requires flexibility | how to set marketing objectives
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

second, it substantially changes the world of marketing. in the old marketing, we talked to people who couldn’t really talk back (other than by buying or not buying what we were selling). very primitive and cumbersome.
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ten things small firms can do to compete

six people in business clothing lined up at start of athletic track

what you need to know and why.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 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. 

great turbulence in the accounting profession, as well as in the business world itself, make these difficult and unusual times. public outcry against the misdeeds of a few accounting firms, corporations, investment bankers and others in government and the business community is tarring the innocent as well as the guilty.

more: how and why client service teams work | when clients think they know marketing | how to put target marketing into context | everyone in your firm is marketing | professional services marketing requires flexibility | how to set marketing objectives | nine fundamentals for a healthy marketing culture in an accounting firm
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in the meantime, the loss of arthur andersen and the consolidation of the now big five can alter the competitive landscape for firms of any size. it’s likely that the major firms will accelerate a long-standing practice of reaching into the low end of the market – the very market of the smaller firms. for the smaller firm, competition will come from unaccustomed quarters.

can the small accounting or law firm successfully compete? history says yes, if the firm follows at least some of the following points…
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