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This question has been closed, and points have been awarded.
| Competitors' Clients |
| Posted By: cread on 3/26/2007 2:40 PM (CST) |
2500 Points |
We are a payroll processor in the US.
We are marketing via the Internet and phone follow-up a paperless payroll system designed for companies of under 25 employees all in one state. It is priced at about 30% of (Not less than, but of) our competitors prices. We can do this because it is a paperless system taking advantage of newer web based technology applied to smaller organizations. This is not a suitable product for the Fortune 100,000 or even 1,000,000. We have a full service payroll service bureau for larger customers.
Our two biggest competitors are ADP and Paychex. They have an estimated 500,000 clients that match the profile for clients we seek. They cannot respond to our price point because of their pricing/marketing structure (at least we think so).
My mission, which I have accepted, is to identify those 500,000 potential clients who already outsource payroll with our competitors
Once identified we will then pitch them our services and price. We do everything ADP and Paychex do and then some. We also provide a level of expertise to our clients that our competitors don't. (We have CPA's on staff to answer client questions among other things). We do all that at less than one third of what ADP and Paychex charge. I think price alone will generate me a large return from those who view payroll as a commodity product (which it is not) and many more who are looking for service and expertise they are not currently receiving.
What inexpensive techniques using the web, PR, articles, SEO, blog, viral, or anything else can you suggest identifying these potential clients so I can pursue them with an educational/sales email campaign.
We have a substantial website at www.payrollonabudget.com and our in the process of updating it.
We currently get leads from our website and from several lead generation companies. I really want to increase the internally generated leads by several orders of magnitude.
I look forward to all your help and suggestions
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