Successfully Attract and Retain Clients

Successfully Attract and Retain Clients | How to Relate to Your Clients

Does your firm want to successfully attract and retain clients? If the firm is having trouble connecting with them, it may be because you have not taken age into consideration.

Looking from a generational perspective allows firms to better appreciate how clients feel and how they want to be communicated to. It is only then that clients’ needs can be met in meaningful ways.

The Generations

Generations accounting firms may work with are born between:

  • Traditionalists: 1900 and 1945
  •  Baby Boomers: 1946 and 1964
  • Generation X: 1965 and 1980
  • Millennials: 1981 and 1996
  • Generation Z: 1997 and present day

Addressing the differences between generations can help you relate to and serve clients, which can lead to new business opportunities and higher client retention.

The Differences

As company ownership ages, you will see Traditionalists aging out of these roles and most of them will not be looking to switch accounting firms. Interactions with Traditionalists will not likely be to bring in new business for that reason, but they may be long-time clients.

Baby Boomers should not be considered digitally inept but many may prefer non-digital communications. Marketing efforts should be personalized. From a services perspective, wealth management and exit planning services appeal to this generation.

Gen X has found itself caught between the promises of the American Dream and a system unable to support that dream. For Gen X business owners, offer financial analysis and cash flow consulting services. Most of all, be genuine and authentic.

Millennials embrace the idea of entrepreneurship as much as they embrace technology. Services that help Millennials do their jobs better, faster and smarter will stand out from the rest.

Though Gen Z is not yet a major market for accounting firms, they will be a major customer base in 10 to 15 years. Once they mature, Gen Z will look for tech-based solutions that are integrated from start to finish.

Read the full article to gain tips on relating to each generation and the services that are most appealing in order to successfully attract and retain clients.

Members: read more starting on page 7 of Growth Strategies, Fall 2019

Non-Members: learn more and subscribe

Last Updated on

About Christine Hollinden

Christine Hollinden, CPSM brings more than two decade of professional services marketing experience. Leading a team of strategic marketing consultants, Christine focuses firms on three fundamental elements of success: positioning, processes, and people. With her eye firmly focused on results, her down-to-earth guidance and in-depth business knowledge enables her clients to take steps that produce positive revenue results.

Leave a Comment






« Back