This must be the month where we talk about branding. In addition to Phil Blank’s great post about the technical aspects of branding your company, I found a post full of very different ideas about how to brand your business. Most of which I heartily agree with.
When we decided to start our own business, I thought about what we are good at. At the time, I, Bill Fletcher, had a passion for fixing broken websites, so I branded myself as the Webhandyman. I still get calls from people wanting their sinks unclogged and their front door repaired, but some people get it.
The same kind of thing happened when I brought my wife and partner, Cindy, in to do the blogging and social media. She is the kind of person who lights up a room. She is funny and can talk to anyone. Cindy is very social, hence the name Social Cindy!! People remember that name, not so much with the Webhandyman, so now we are simply Social Cindy.com.
Once people meet her, they never forget the name of our company!!
Anyway, here are Cheryl Meyer’s tips for Branding your company, quotes from the Journal of Accountancy.
“Brand-Building tips for small firms and sole practitioners
by Cheryl Meyer
Kristy Armstrong, CPA, CGMA, is passionate about two things (well, three, if you count her dogs): She loves being an accountant, and she loves being a pilot. So, a few years back, she combined her two passions and created a memorable and successful brand: The Fabulous Flying CPA. Armstrong, who makes use of both her pilot and CPA licenses when she flies to see clients on Block Island, off the coast of Rhode Island, where she lives, said her image as an airborne accountant is a conversation generator that helps her win business.
Whether it’s something quirky, such as flying to work, or more mainstream, such as serving a specialized market, creating a brand can help you grow a business and stand out in a crowded market.
“A brand is the story that comes to mind when others think of you,” said Barrett Young, CPA, founder of The Green Abacus, a La Plata, Md., firm that embraces a superhero theme to appeal to its target market of technology companies. “It’s that lasting impression that we all personally leave.”
A brand can also be a marketing tool and a “fact or concept that people associate automatically with a type and level of service,” said New York City’s Steven Zelin, CPA, founder of the firm Steven Zelin, CPA, LLC, and a musician who has become known as “The Singing CPA.” Zelin, who sings at accounting functions and plays guitar on a local post office’s steps every April 15, said his branding has helped attract “many creative types” to his practice, including fellow singers, actors, musicians, designers, architects, painters, and sculptors. “They realize that I ‘get’ them and their artistic sensibilities, and so the brand makes for a good client fit from their perspective,” he said.
Some firms create a brand around the clients they serve or the qualities they want to project. Allan Koltin, CPA, the CEO of the Koltin Consulting Group in Chicago, established himself as “an adviser to multipartner CPA firms in the areas of strategy, growth, profitability,” and other key business concerns through his writing and speaking.
So how do you create a brand that gets noticed? Here are some tips from CPAs who have done just that:
Be true to yourself. If you don’t like golf, do not become “The Golfing CPA,” and if you’re uncomfortable with public speaking, podcasts may not be your ideal marketing method. Before creating their brand, “CPAs should think about who they are, what clients they like working with, and what they like to do,” Zelin said.
Find your niche. Figure out your market, what industry and types of clients you want to serve, and what services you want to provide. More specialized practitioners typically can command higher billing rates than generalists. As Koltin put it, “Who makes more money—the heart surgeon or the general practitioner?”
Diane Kennedy, CPA, founder of USTaxAid.com and US TaxAid Services in Reno, Nev., created a niche providing cash flow and tax planning for real estate investors and small business owners. “If you want to do real estate tax, then narrow your focus even more,” she said. “Become the expert on the mobile home market.”
Invest time to build your brand. Be ready to make less money in the short term as you develop your brand. Invest half your time on billable hours and half on building your brand “for a better tomorrow,” Koltin recommended.
Publish content that cements your reputation as an expert. Koltin strengthened his brand by establishing himself as an expert in his field. He wrote an industry newsletter, conducted targeted advertising, moderated round tables, and spoke at events nationwide. Young posts podcasts and blogs on his firm’s website. Kennedy blogs, conducts webinars, and has written several books about tax strategies.
Keep your brand consistent firmwide. The Green Abacus’s brand is played out extensively on its website but also through its social media and customer service efforts. “Our superhero culture comes through in the playfulness we use on the website, from our font and color choice and logo to the way we use featured images on our monthly emails to customers and the links we share on our Facebook page,” Young said. He also gives his clients free tickets to superhero movies.
Take advantage of social media. Use platforms such as Facebook, Instagram, LinkedIn, and Twitter—and, of course, your website—to cement your brand and gain business. Try podcasting, hosting a webinar, or posting a video on YouTube. Even business cards can be used to promote your brand if you incorporate your logo, colors, or slogan.
Network. One way Armstrong built her business was by joining Business Network International (BNI), a group that introduces professionals in various fields who then make referrals to one another. BNI helped Armstrong create her brand by requiring a catchy “60-second elevator speech” that encouraged her to distill her message into a brief sound bite. Also, consider attending Meetup groups, conferences, Chamber of Commerce events, and other networking functions. These events give you the opportunity to attract attention, speak to others about your brand, and possibly gain business.
Don’t go too far. It is possible to go overboard when creating a brand. “If the brand becomes so dominant or attention-getting that the business it represents is lost in the shuffle, it’s time to dial back the promotion of the brand because, clearly, it is outweighing the promotion of the business itself,” Zelin said.
Finally, take the plunge. CPAs need to take a leap of faith and then work to establish their brands over time. “There is no cookbook,” Koltin said. “You have to be a self-starter. You have to go for it.”
Be bold, be brave, be creative and think about how to make your brand memorable, but remember, you also need to be relatable to other people and businesses..So don’t go too far…
Cindy Fletcher, of Social-Cindy. Com!!