Keeping the Sale Going to Closure

By Allan S. Boress, CPA, CFE

Some buying situations take longer than others. How do you gain the advantage when the client is taking their time – and talking to others? It’s a fact - most CPAs are horrific at taking the sale from interview to actual closure (getting the client in a competitive situation).

And let’s be clear – most CPAs do not engage in selling, they take orders. When they do have to compete against others, the chances are at least 75% they will fail (the average closure to a multiple selling situation based on 4 firms invited to propose). How do I know? I have consulted with over 500 CPA firms.

The real dilemma is NOT how long the competitive sale is taking, but also, is it WORTH IT? Selling is the greatest skill in the business world. Who’s laid off last? Do you think when one of the Big Four announces mass "downsizings" they are firing the people who actively bring in quality business? No... they fire the technicians.

Great salespeople are never downsized. My grandfather, Bernie Fast, of blessed memory, supported his family well during the Great Depression. He could sell. One of the biggest mistakes CPAs, and all professionals for that matter, make is pursuing people who WEREN'T SELLABLE IN THE FIRST PLACE... and they didn't know it.

That's the real value of The I-Hate-Selling Book: it is the only book we can find that tells you precisely when the client is sold 90% of the time...or if it is really not likely to close after all.

If you are convinced that you have a really good chance to close an important client opportunity, then we can look at some strategies to "keep it going and move it along to closure":

  1. "He who has the most contact wins"

A client recently lost a top recruit because after the final interview she received personal notes, emails, calls from an assortment of her peers at the firm that was also wooing her. Duh. She felt wanted. My client just let her be from the time of the final interviews until they lost.

I don't care how you stay in front of the people you are wooing...

  • Send an article
  • Write thank you notes
  • Send an email suggesting that they look at a certain website

You don't want to be a nuisance, but you somehow have to show you care about them versus the enemy.

  1. Get in there and infect their premises

It's always a good idea to go back to the client's premises after your final meeting to meet more of their people and get a better idea as to what is going on so you can hit the ground running when they hire you.

  1. Give some more thought to their hurt and your solution

Perhaps you have some further insight into your solution or an alternative way to approach their situation. That's always a good idea to get in front of them and your competition won't think of it.

  1. Talk to your internal coach

You should have acquired an inside friend who will be telling you what is going on inside.

Stay in close contact; they have an investment in seeing you succeed. Follow their advice and ask them for suggestions...it gives them ownership of the sale.

  1. Make sure the client is making the right decision...

Perhaps you have done some research, or talked to the client or a referral source of theirs, and you have discovered some problems as it relates to a competitor.

Example: you see that a competing firm has just laid off a bunch of people...will they still have enough manpower to do the job?

  1. And, of course, never leave an appointment without the next appointment.

Are they committed enough to continue to set solid dates to check up on them? No, I’m not talking about the "call me in a couple of weeks" stuff.

You and the client should be talking at regularly scheduled intervals – until they make a decision.

Lastly, please remember that nobody sells everybody. There was only one perfect man that walked this earth.

Allan S. Boress, CPA, CFE is the author of the I-Hate-Selling Book, the only book ever written that is a best practices of selling for the CPA profession. Visit his website, www.allanboress.com.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.