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How To Promote A Payroll Service
Payroll Vault Franchise Owner Of Mobile And
Baldwin County Lands A 4 Minute On-Air Gig
  • Word Count: 136
  • Read Time: 31 Seconds
In the video, you will see Payroll Vault franchise co-owner Karen Simmons discuss how to survive the banking collapse.

The Article Below Was Published May 15, 2023, By Fox10 News - By Joe Emer

MOBILE, Ala. (WALA) - Three large banks have collapsed this year, leaving many small business owners nervous about what’s coming next. A bank crisis doesn’t just affect big tech companies, it can affect small business’s ability to pay employees or vendors.

Payroll Vault is a locally owned company that provides localized and customized payroll services and workforce management solutions for small to medium sized businesses.
Co-owner Karen Simmons joined us on Studio10 to talk about their “Survive with Five” list of actionable steps small businesses can take to protect themselves, their companies and get the most bank for their buck!

Summary: If you want more sales leads and referrals for your payroll/HCM business, you need to position yourself/your business as a subject matter expert (read the article below).

DailyPay Lands New Deal
DailyPay Lands New Deal With UBS Arena To Provide Employees With ‘On Demand’ Paychecks
By CelebrityAccess.com

  • Word Count: 125
  • Read Time: 30 Seconds
ELMONT, NY (CelebrityAccess) — UBS Arena and its venue management partner Oak View Group announced the launch of a new program to provide the arena’s employees with the financial benefit of on-demand pay.

The program, launched in partnership with DailyPay, allows employees to have voluntary access to their pay as they earn it, letting them pay bills, and invest on their own schedule without having to wait for a traditional payday.

According to UBS Arena, research by the Aite Novarica Group, commissioned by DailyPay, shows that 95% of people who were forced to rely on high interest payday loans, were able to stop using them (81%) or significantly reduce their use (15%) after shifting to a daily pay cycle.
Payroll Service Owners
10 Must-Read Tips Before
You Sell Your Payroll Service
(Our Best Tips Ever)
By Glenn Fallavollita, President of SellMorePayroll.com

  • Word Count: 278
  • Read Time: 61 Seconds

Attention All Business Owners:
Selling your payroll service is a life-changing event. And while most owners are successful entrepreneurs, the majority of them have limited experience when it comes to selling their business.

10 Must-Read Tips BEFORE You Sell Your Payroll Service.

#1: Hire A Broker Who Knows The Payroll Industry- The vast majority of owners in the payroll industry don’t know where the landmines are when selling their business. A broker can help you in these key areas:

  • Discuss what buyers would be willing to pay for your book of business, i.e., the multiple.
  • Identify 4 – 8 potential buyers, along with their pros and cons.
  • Help you select the optimum buyer for your situation/needs/goals.
  • Together with the help of your lawyers, take part in negotiating the sale.
  • BEFORE the transition process happens, help you set expectations for your staff and limit their uncertainty post the sale (this is huge).

#2: Retain Experienced Legal Counsel - This may be a once-in-a-lifetime event for you, and you need to make sure you choose an experienced attorney.

#3: Update Your Corporate Files, Records, And Agreements - A review (and clean-up) will save you some significant time and costs with a buyer.

#4: Re-Examine All Contracts - From lease contracts, employment contracts, loan agreements, shareholders, and vendors, all need to be reviewed for termination wording, etc.

#5: Create An Internal Team - The selling process takes a lot of work, and you will likely need help from people familiar with the business, i.e., CFO, spouse, HR manager, etc. In some cases, your internal team is given a bonus if they stay on for X weeks post-closing.
Get Your Payroll Service's
True Market Value

If you want to know your payroll service's TMV in today's market, call the brokerage experts at SellMorePayroll.com. We have the industry expertise (and negotiation insights/tips) to help guide you in the right direction BEFORE you proactively start the selling process.

Don't leave money on the table; call the experts @ SellMorePayroll.com today.
Please Visit This Week's Sponsors
Stock Performance (2-Week Trend)
, we invested in the following stocks (2020 - 2023); our gains/losses have been: 
ROI Before The Friday, 5/19/23 Opening Bell
ROI Before The Friday, 5/12/23 Opening Bell
Our 2023 Stock Buy/Sell History

Paycor:
  • Additional shares were purchased on 5/11/23 @ $21.20.

Newtek
  • Additional shares were purchased on 3/17/23 @ $11.45.
  • Additional shares were purchased on 3/2/23 @ $15.55.

Trinet:
  • Sold shares on 2/16/23 @ $86.53.

Insperity:
  • Sold shares on 2/16/23 @ $121.35
Financial And Stock Price News
If you want to read any of the articles below, click on the
BLUE headline, and you will be directed to the full article.
  • Word Count: 395
  • Read Time: 91 Seconds
Financial & Stock Price News Trending (Clickable Links)
 

Earnings Per Share (EPS) & Dividend News Trending (Clickable Links)
 

Insider Selling Or Buying News Trending (Clickable Links)
 
Please Visit This Week's Sponsors
Sales And Marketing Tips For
Marketing A Payroll Service: Strategies and Tips
For Your 2023 Success
By Glenn Fallavollita,
President of SellMorePayroll.com
42-Second Read Time

I have listed a select number of tips to help market a payroll service - tips that are essential for attracting new payroll clients and referrals.

  • Define your target audience: Identify the specific industries, business sizes, and geographical regions that are most likely to benefit from your payroll service.
  • Develop a compelling value proposition For Your Sales Team: Teach your salespeople how to clearly articulate your competitive advantages over the competition.
  • Build an online presence: Create a professional website that highlights your services and testimonials. Utilize e-mail marketing and SEO to increase visibility in search engine results.
  • Leverage social media: Engage with potential clients / referral partners on platforms such as LinkedIn and Facebook. Share valuable content, industry insights, and success stories to establish credibility.
  • Attend industry events: Participate in trade shows, conferences, and networking events to connect with potential clients, local TV and radio, and industry professionals.
  • Create a referral program: Encourage your database of CPAs and clients to refer your payroll service to their contacts. Offer an incentive when a referral turns into a new client.
How To Write A Payroll Service Or HCM Newsletter
By Glenn Fallavollita,
President of SellMorePayroll.com
38-Second Read Time

If you want to create a newsletter for your payroll service or HCM business, here are some proven tips to consider.

  • Define your objectives: Determine the purpose of your newsletter, whether it's to educate clients about industry updates, share payroll tips and best practices, or promote new services.
  • Segment your databases: Divide your clients, prospects, and referral partners into separate databases and sub-databases. Tailor the content for each newsletter by target audience and specific needs.
  • Choose a newsletter platform: Select a user-friendly email marketing platform like Mailchimp or Constant Contact to create and send your newsletters.
  • Create engaging content: Include a mix of industry news, payroll insights, compliance updates, client success stories, and upcoming events. Use a conversational tone and provide actionable tips.
  • Use compelling subject lines: Grab readers' attention with concise, engaging subject lines that entice them to open the newsletter.
  • Track performance: Monitor open rates, click-through rates, and conversions to gauge the effectiveness of your newsletter and make improvements.
  • Proof your newsletters: Have at least 2 - 3 people proof every newsletter before it's sent.
About The Author:

Glenn Fallavollita, President of SellMorePayroll.com, is a nationally recognized keynote speaker who provides money-making advice to business owners, sales leaders, and marketing/sales pros on how to turn their database of prospects into clients and clients/CPAs into raving referral sources. Other notable highlights...



If you would like to hire Glenn to speak at your next payroll conference, CLICK HERE to visit DripMarketingSpeaker.com.
Additional Payroll Service Sales And Marketing Tips
If you want to read any of the links below, click on the
BLUE link, and you will be directed to the full article.
  • Word Count: 94
  • Read Time: 23 Seconds
$99/Month
Payroll Industry
Newsletter Service
, are you sending a payroll industry newsletter each month?

If you are, there's a good chance you are overpaying for this service, as we can provide you with a monthly newsletter for only $99/month - SellMorePayroll.com can provide you with:

  • Higher Open Rates
  • Hot Payroll, HR, And HCM Related Content
  • Access To Its Proven Sales Follow-Up Tools, Scripts, & Insider Tips
Unemployment News
Unemployment Claims Decrease,
But Labor Market Shows Signs of Slowing
  • Word Count: 216
  • Read Time: 54 Seconds
States reported a decrease in new unemployment benefit filings, with 242,000 workers filing claims during the week ending May 13, 2023.

  • This marks a decrease of 22,000 from the previous week's level. However, despite these positive numbers, there are indications of a slowing labor market.
  • Economists highlight the resilience of the job market, which continues to thrive despite efforts by the Federal Reserve to cool the economy and control inflation by raising interest rates.

Other Highlights:
  • Continuing Jobless Claims: Approximately 1.8 million workers continue to claim unemployment benefits. First-time jobless claims began rising earlier this year.

  • Low Unemployment Rates: Unemployment rates remain low by historic standards. The unemployment rate dipped to 3.4% in April, matching a record low. U.S. employers added 253,000 jobs during that month.

  • Labor Market's Resilience: Despite efforts by the Federal Reserve to cool the economy, the labor market continues to thrive. Economists note that the job market remains strong, even with rising interest rates.

  • Signs of a Slowing Labor Market: Increasing layoffs and a declining number of job openings indicate a potential slowdown. Evidence of a slowing labor market has begun to emerge.

  • Unemployment Rate Projections: The Federal Reserve expects the unemployment rate to rise to 4.5% later this year. This projection could result in the loss of over 500,000 jobs.
Articles Of The Week (Clickable Links)
If you want to read any of the articles below, click on the
BLUE headline, and you will be directed to the full article.
  • Word Count: 468
  • Read Time: 1.8 Minutes

Tier 2 Must-Read Article(s) Of The Week (Clickable Links)

 
Payroll-Related News Trending (Clickable Links)
 
 
Educational Articles To Discuss With Your Clients (Clickable Links)
 

Cyberattacks/Scams & Cyberattack News (Clickable Links)
 
 
Internal Payroll & Worker’s Comp Fraud Articles (Clickable Links)
 
 
International Payroll & Payroll Fraud Articles Trending (Clickable Links)
 
About SellMorePayroll.com
SellMorePayroll.com, a division of Drip Marketing, Inc., is a national sales and marketing consulting firm specializing in the payroll and HCM industry.

Since 2003, SellMorePayroll.com's Drip Marketing System 10.0 has helped its payroll/HCM clients turn their database of prospects into paying clients, and their database of clients and referral partners into raving referral sources; it is the perfect push-pull strategy for any size business, including yours.

To learn how SellMorePayroll.com's Drip Marketing System 10.0 can help improve your sales and marketing efforts, visit their website at www.SellMorePayroll.com or call their office @ (856) 401-9577.
SellMorePayroll.com, A Division Of Drip Marketing, Inc.
Office: (856) 401-9577
Connect With Our President