The accounting landscape is busy, and competition is fierce. In the UK, there’s estimated to be over 40,000 firms, ranging from small local practices to larger, global organisations which means standing out is the first major challenge for accountancy firms hoping to attract new clients.
Why is reputation so important?
Reputation is a direct driver of new client sign-ups and client retention, and as a result, revenue. When you’re competing against hundreds of other firms in your area offering similar services, reputation is the way to landing more clients than your competitors.
Accounting is a trust-based purchase; customers are putting their money, inheritance and livelihoods in your hands, so even the slightest shred of doubt on their part could cost you business. That being said, most clients cannot easily judge technical expertise before hiring, so you need to impress them with your reputation, before you can impress them with your professional skills.
Seeing a brand consistently across multiple channels builds subconscious familiarity and lowers perceived risk. It signals that you are established, serious and accessible, all of which are crucial for customer confidence. A strong reputation won’t necessarily make someone more likely to bring on an accountant, but it will make people more likely to seek out your services over a competitor’s when they next need them.
Public relations (PR) is the obvious path for increasing reputation, but it can be a minefield for accounting professionals whose skillsets lie in spreadsheets and tax returns, rather than media and marketing. Here’s five practical ways accounting firms can leverage PR to increase their reputation in local, national and trade media.
Feature article in titles your customers are reading
Accounting trade media titles are always looking for expert insight into the accounting landscape. But there’s a world of opportunities in the titles your customers are actually reading, too.
For example, your city is full of architects who need an accountant for cost control, tax compliance, and payroll management, but they’re not reading accounting magazines. They’re reading architecture titles.
To speak to this target market, write articles sharing insight and expertise specifically for architects, calling out their pain points and offering solutions to problems they face every day.
Expedite that approach to healthcare titles, construction magazines, technology firms and the possibilities are many.
Share company updates with local and national business media
Most business owners are surprised which company updates are worthy of a press release in local, and even national business titles.
The business community in your area or industry wants to know about significant staff changes, expansions, the opening of new franchises and notable client wins.
Sharing these updates lets people know about the successes of the business, raising the profile and inspiring new clients to get in touch.
Comment on trending topics
Have you ever watched the morning news in November and seen the CEO of an accounting firm commenting on The Budget? You might have also wondered how they got that opportunity.
Every time a topic is trending or there’s a significant cultural moment, journalists are looking for experts to offer insight, comment and criticism. Reaching out to the media during, ahead of, or following these moments is how your firm can sit at the centre of relevant news stories.
So much of the daily news cycle is influenced by money, so there are
Speaking at industry events
Every year, events like Accountex and Xerocon attract professionals from across the industry. Speaking at these industry events helps accountants convert their expertise into trust among their peers.
When potential customers are comparing firms with similar capabilities and promises, exposure at high-profile events signals confidence, specialist knowledge and makes you stand out among the competition.
The same concept can be applied as feature articles in publications your customers are reading. Speaking at industry events and conferences for your target markets will boost visibility in spaces that those target customers occupy.
Appearing on industry podcasts
Podcasts are on the rise; in the UK, over half the adult population (51%) listened to or watched a podcast in the last month.
Podcasts help humanise your expertise, allowing listeners to hear how you think, how you explain complex topics, and how approachable you are. When customers buy confidence in the advisor as much as they buy technical ability, see podcasts as a trust building platform helping you connect with your customers on a personal level.
Converting PR into leads
Published coverage isn’t the finish line, there’s more you can do to maximise the reach of your content and be more likely to convert it into leads.
Repurposing your content across multiple channels will boost its visibility. LinkedIn is a great place to share your content with the option to add context or opinion in the caption.
You can also include press mentions in business proposals, newsletters and social content to broaden its reach. A good proposal could be great if you can show prospective clients that you’ve been featured in top-tier, reputable publications. By extending the lifespan of earned media, firms can generate significantly greater return on their PR investment.
In house vs agency PR
Once you’ve decided that PR is right for you, the decision will need to be made whether to go in-house or hire an agency. There are benefits and drawbacks to both, depending on your budget, resources and specific goals.
An in-house PR person will have a deep understanding of the firm, which could mean faster approvals and stronger brand consistency. That being said, they’ll be building media relationships from the ground up which means results could take time. One internal hire will have faster access to partners and information, but they’re unlikely to have specialist press contacts and established relationships with journalists.
Using a PR agency can be more costly than hiring someone in-house. You usually pay per activity or on a day rate, which will determine how much output you see. That being said, you’re able to draw on their established relationships with journalists and editors, broad knowledge of the media landscape and wider teams with a plethora of specialisms and roles.
An in-house PR person will dedicate all of their time to your marketing activities, so total hours spent on PR is likely to be higher than if you bring on an agency. However, working with an agency means you can ramp activity up or down more easily, which can be useful during events like mergers, launches or crises.
Whichever you choose, the key is recognising that PR is a powerful commercial growth tool. In a crowded marketplace where technical expertise is expected as standard, visibility and credibility are what separate your firm from all the others.
To find out more, book in a call with Mark here https://calendly.com/mark-swaypr/30min





