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Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

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CPE To qualify: > / 75 minutes / 5 polling Sandra L. Leyva, Inc. is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website

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Page 1: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Ultimate Accounting vConSummer Intensives:How to Implement Value Pricing and Give Yourself a Raise

Page 2: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Where to Get This PowerPoint • http://vcon2015.ning.com/

Page 3: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

CPETo qualify: > / 75 minutes / 5 polling

Sandra L. Leyva, Inc. is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org.

Page 4: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Overall Agenda• Gain an overview of value pricing so

we’re all on the same page• See two in-depth case studies of how

to implement value pricing• Learn the unique sales approach and

how to have the “value conversation” with your client

• Discover how to put together value-priced package options

Page 5: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Agenda for This Session• Learn what value pricing is• See lots of examples of

accountants who are already value pricing

• Gain an overview of the process

Page 6: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Our Intensive Sponsors

Page 7: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Our Media Sponsors

Page 8: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Introductions• Michelle Long, CPA, MBA

– International speaker/trainer– Co-Host of QB PowerHour

Page 9: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Introductions• Sandi Smith Leyva, CPA

– Business coach to accountants– Founder of Accountant’s Accelerator

Page 10: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Log-In• To Ning: http://vcon2015.ning.com • Chat!

Page 11: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Value Pricing Facts

Page 12: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Value Pricing Process• Each client is different; requires unique

proposal

Page 13: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Value Pricing Process• You do need a proposal

Page 14: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Value Pricing Process• What does client value

– Personal relationship– Become a trusted team member– Enhanced decision-making– Provide solutions to my problems– Supplemented my internal resources

Source: “How Buyers Buy,” Hinge Research Institute

Page 15: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Value Pricing Process• Accountants overestimate:

– Good value– Economical– Expertise– Great service– Financial impact– Your connections and network

Source: “How Buyers Buy,” Hinge Research Institute

Page 16: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

We can’t guess at this

We have to ask

Page 17: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Value Pricing Process1. Design sales

process that brings out what the client values

2. Design value-based proposal to present

Page 18: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Sales Process• An interview• Conducted over as many meetings as it takes

to:– Get the info– Build trust

Page 19: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Sales Process• Start with

– Qualifying the prospect – Gathering contact info– Gathering needs– Asking for goals (what do they want changed?)– Asking for how will we know when we meet those

goals– Tell your story

Page 20: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Sales Process• Start with

– Qualifying the prospect – Gathering contact info– Gathering needs– Quantifying the cost/pain– Asking for goals (what do they want changed?)– Asking for how will we know when we meet those goals– Quantifying the benefits– Tell your story

Page 21: Ultimate Accounting vCon Summer Intensives: How to Implement Value Pricing and Give Yourself a Raise

Taking Action

• What one thing will you do from this webinar?