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PCPS Rotating Tool for March

Tuesday, March 1, 2016   (0 Comments)
Posted by: Amy Spencer
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CPAs tend to view client objections and overcoming them as a negative aspect of pricing. But any time a client responds to your services, they are expressing interest in what you have to offer. Review these common client objections raised during a proposal meeting and consider the related considerations and talking points when preparing a response. Add to the list as you encounter new questions and share the list with your team to ensure that responses are consistent across the firm. Do not lose a viable client because you were not prepared to respond to pricing objections. Remember that clients will pay reasonable fees for quality, valuable service so it’s important to demonstrate audit quality as your competitive edge.

Objection Description Action Items Example Responses
Expensive If your client believes that your offer is too expensive, they are most likely placing insufficient value on your services. Everyone is monitoring costs and wants to know that they are getting a good deal. Just remember to never give away something for nothing.

Provide a cost/benefit analysis

Breakdown the total proposal figure and illustrate the steps you will need to take in order to complete the engagement.

Provide different payment options (quarterly, monthly, weekly, etc.).

Recommend that the client do additional work and preparation to reduce the overall effort of the engagement team.

Cut back on services offered (versus reducing your price) by modifying the three-tier pricing strategy (refer to the Proposal Meeting Prep Checklist)


Thanks for letting me know. I am curious, how much were you expecting to invest?

I am glad you mentioned price. Our price makes a statement about our value and the associated quality. Let's see how we can work together and arrive at the right price.

Let's review the benefits associated with these service offerings and determine how these services will enhance your business success and give you peace of mind.

Is the price too high in comparison to your budget or compared to the competitive quotes?

Let's breakdown the total cost and look at ti on a monthly basis.

Like you, we charge a fair price for great quality service.

We do not want to compromise our quality by discounting prices.

Our relationship depends on meeting and exceeding your expectations.

Competition Clients are seeking competitive bids and undoubtedly your client will compare your offerings to the competition. However, you are not selling a commodity; therefore
there can be no valid price comparison between you and your competitors.

Know your competition because you will then be better able to illustrate the differences between your service offerings and build further value in your proposal.

Help your client understand that while in the same profession, you and your competition have difference expertise and offer different service.

Review the three-tier pricing strategy and suggest something different or modify existing service packages.

Differentiate your firm by discussing your firm's approach to audit quality.


What type of services and associated prices are you comparing to what we offer? Let's review these differences.

We focus on the expertise we bring to the engagement and try not to compete on price.

We may not be the cheapest in the profession, but that's not our objective. We focus on delivering the best value and price accordingly.

Budget Clients obviously have budgets and want to abide by these plans when making purchasing decisions.

Know your client's business and tailor your proposal strategy to fit their business and industry.

Review the three-tier pricing strategy (refer to the Proposal Meeting Prep Checklist) and modify service packages.

Provide an easy alternative to immediate payment by arranging finance or accepting credit cards

I am sensitive to your budget and, given that, we can modify payment terms to offset the impact. What payment items would work for you?

I can understand your budget concerns. Let's see how we can work together at matching a price with a service where we both feel more comfortable.

I think we both agree that the benefits of a quality engagement will meet your needs and bring you peace of mind. If I can offer these benefits because of the unique knowledge and experience that we bring to the engagement, would that bring you closer to a decision? 

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