Quadruple (4x) Minimum Fees for Business Clients: A Case Study
CPA Adam Shay joins us to share his story of quadrupling minimum fees for clients as part of a major revamp of his rapidly growing CPA practice - Pronto!
Questions Adam will address in this training will include (but not limited to):
1. Why would you want to REVAMP something that's working? Pre-revamp, what wasn't working or what could work better?
2. How did you change the "offer" to business clients, to increase the value and justify a 4x minimum price increase so that the right clients were fine with the price change, because they see the additional value?
3. You must've run a spreadsheet projecting 1) additional income from clients who stay, and 2) loss of clients due to 4x'ing minimum fees. What did that spreadsheet look like? And how did actual results vary from your projections?
4. What does the task list associated with this kind of "major change" look like? How would someone actually do this in a systematic, logical way that's not totally disastrous for client relationships?
5. How did this go, generally, in the first year? Happy clients? Unhappy clients? Examples of each? How many times did you get cussed out?
6. How did this change affect number of clients, revenue per client, profitability, or any other hard numbers type stuff? Did this work financially in the first year, or do you need to give it a few years to see how it pans out?
7. What is your #1 piece of advice for someone on this webinar who wants to do the same thing you did?
Bring your questions, too, because Adam will answer more Q's live during the training.
As part of this training, you'll also receive bonus tools to help you implement, including:
1) Spreadsheet for measuring increased revenue and client loss
2) Client letter template for price increase, and
3) Actionable, step-by-step checklist in case you want to do this or something like this, in real life
Adam Shay, CPA, MBA
Adam Shay CPA, PLLC
Webinar Registration Link - Register Now
Getting Started Quiz
Presentation Slides (PDF)
Webinar Recording (Video)
Clients & Firm Economic Model
Revamp Implementation Checklist
Revamp Messaging