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Please Visit This Week's Sponsors | |
Attn: Payroll Service Owners | |
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Are You Still Thinking About
Selling Your Payroll Service?
By Glenn Fallavollita, President, Drip Marketing, Inc. | SellMorePayroll.com
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Word Count: 359
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Read Time: 1.4 Minutes
Attention All Business Owners:
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Are you considering selling your payroll service in the next 6 to 12 months? If you are, we have a list of cash-flush buyers who are looking for licensees using the following platforms (yes, even a homegrown platform): | |
- Adaptasoft
- Apex
- Asure
- Cyberpay
- Evolution
- Execupay
- Homegrown Software
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- isolved
- Millennium
- MPay
- PayChoice
- Ready Pay
- Thomson Reuters
- UKG/Kronos
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SellMorePayroll.com Can Help Sell Your Payroll Business.
With SellMorePayroll.com's expertise, we can help you concentrate on their day-to-day operations and...
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Create A Healthy Bidding Situation For Your Business - Due to our deep Rolodex file of buyers, we can create a healthy bidding situation for your business.
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Provide An Unbiased Analysis - When you engage us, we will provide you with an unbiased opinion/analysis on the pros and cons of each buyer (this is huge).
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Help Negotiate Your Letter-Of-Intent (LOI) And Purchase Agreement - When you negotiate the terms of your LOI and final purchase agreement, ALL buyers will place a myriad of 'hidden landmines,' which will affect your final selling price. We can help you avoid and/or modify the wording to create a win-win situation.
SellMorePayroll.com Has A 'Go-To' List Of Buyers
In the Following Regions/States (See Below):
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Huge Multiples Are Being Paid By Cash-Flush Buyers!
That's right, huge multiples are being paid in today's hot acquisition market. And if you want to know what your payroll service is worth, call the brokerage experts at SellMorePayroll.com as we have the industry expertise and negotiation insights/tips to help you maximize your multiple.
Don't leave money on the table; call the experts @ SellMorePayroll.com today.
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Payroll Stock Performance | |
Glenn, we invested in the following stocks (2020 - 2023); our gains/losses have been: | |
ROI Before The Friday, 11/3/23 Opening Bell | |
ROI Before The Friday, 10/27/23 Opening Bell | |
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Our 90-Day Stock Buy/Sell History
Paycom:
- Bought additional shares on 11/2/23 @ $150.00.
- Bought additional shares on 8/3/23 @ $291.44, $301.97, and $308.13.
ADP:
- Bought additional shares on 10/25/23 @ $218.15.
Paychex:
- Placed a Limit Order (one-day) on 10/27/23 @ $110.75.
Paycor:
- Bought additional shares on 8/17/23 @ $21.67.
Insperity:
- Bought additional shares on 8/3/23 @ $95.80..
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Payroll Stock YTD Analysis | |
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2023 Payroll Stock
Year-To-Date Analysis
By Glenn Fallavollita, President, SellMorePayroll.com
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Word Count: 77
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Read Time: 18 Seconds
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I've created a YTD ROI* chart (see below) for the payroll stocks listed above via YTDreturn.com.
Payroll Stocks Vs. Vanguard's VOO and VGT Funds.
When comparing the investment returns of your stock portfolio, check out the YTD return from Vanguard's S&P 500 index fund, VOO, and Vanguard's technology fund, VGT,
To see how well your stocks/fund(s) performed for 2023, go to www.YTDreturn.com.
*All YTD returns are presented with the assumption of reinvestments of any dividends on ex-date.
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Vanguard's VOO YTD Return | |  |
Vanguard's VGT YTD Return | |
DISCLAIMER:
Stock recommendations and comments presented above are for recreational purposes only. They do not represent the opinions of SellMorePayroll.com on whether to buy, sell or hold shares of a particular stock. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
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IOI ( Interlogic Outsourcing Inc.) News | |
Najeeb Khan, Ex-CEO Of IOI, Sentenced To
Prison For Check-Kiting Scheme That
Caused Loss Of Nearly $150 Million
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Word Count: 364
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Read Time: 90 Seconds
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Najeeb Khan, 70, of Edwardsburg, Michigan was sentenced to 97 months imprisonment by U.S. District Court Judge Pamela A. Barker after earlier pleading guilty to bank fraud and attempted tax evasion.
- Judge Barker also ordered Khan to pay over $150,000,000 in restitution to the victims of his bank fraud and the IRS, and to serve 3 years of supervised release once released from prison.
- According to court documents, Khan owned and operated Interlogic Outsourcing Inc. (“IOI”), a payroll processing company that, at one point, provided services to approximately 6,000 clients.
Articles Worthy Of Your Time.
The Details To This Check-Kiting Scheme...
- Beginning in 2014, however, Khan operated a check-kiting scheme using his company’s business bank accounts to fraudulently obtain funds from various financial institutions, including KeyBank. Khan used these funds to support the growth of his payroll processing business and fund his lifestyle, which included the purchase of automobiles, aircraft, and vacation homes.
- As part of his scheme, Khan wrote checks and made wire transfers between multiple accounts under his control at various banks. This type of fraud is commonly known as check-kiting, and it involves the perpetrator continually writing checks back and forth between accounts he or she controls to fraudulently inflate account balances, thus deceiving banks into honoring checks written with insufficient funds.
- Khan wrote checks from IOI accounts at Lake City Bank for deposit into IOI accounts at KeyBank and then wrote checks from IOI accounts at Berkshire Bank for deposit into IOI accounts at Lake City Bank. To cover the check funds issued from Berkshire Bank, Khan wired funds from IOI accounts at KeyBank to IOI accounts at Berkshire Bank.
- This long-running check-kiting scheme caused a financial loss of nearly $150 million to businesses around the country and to KeyBank in the Northern District of Ohio. Khan also failed to report income gained from the check-kiting scheme on his annual tax return for the tax years 2014 to 2017.
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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.
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Word Count: 367
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Read Time: 93 Seconds
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Financial & Stock Price News Trending (Clickable Links)
Earnings Per Share (EPS) & Dividend News Trending (Clickable Links)
Insider Selling Or Buying News Trending (Clickable Links)
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Please Visit This Week's Sponsors | |
Sales And Marketing Tips For Drip Marketing, Inc. | |
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Are you looking for ways to upgrade your payroll company's email marketing (ROI)? If you are, I have listed eleven essential e-mail marketing 'best practices' to follow below.
- Avoid Using "No-Reply" In The Sender's Email Address.
- Clean Your Email List
- Use My 3.5 Second Rule For Your Call-To-Action
- Conduct A/B Tests
- Include Your Company’s Logo
- Keep The Main Message And Call-To-Action Above The Fold
- Name The Offer In Your Subject Line
- Optimize The Email's Preview Text (Preheader)
- Personalize Your Email Greeting
- Stick To Fewer Than Three Typefaces In Your Emails
- Write Compelling Subject Lines (This Is HUGE)
To Read This Article In More Detail, Click Here
P.S. If you need help with your sales and marketing efforts, contact me ASAP, as my team and I can have our Drip marketing System 10.0 up and running in 72 hours or less.
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Attention All Event Planners | |
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Do You Need A Speaker For Your Next Payroll/HCM Conference?
If you do, you need to hire our President, Glenn Fallavollita, as he is a nationally recognized keynote speaker who will provide money-making advice to your conference attendees.
Glenn's notable highlights...
- Glenn was a guest co-host on QVC and had one of the highest-recorded sales on a per-minute basis.
If you would like to hire Glenn to speak at your next payroll conference, CLICK HERE to visit DripMarketingSpeaker.com.
Copyright © SellMorePayroll.com All rights reserved.
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Additional Sales And Marketing Tips For You | |
If you want to read any of the links below, click on the
BLUE link, and you will be directed to the full article.
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Word Count: 97
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Read Time: 24 Seconds
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If you want to generate more sales leads, client referrals, and referrals from a CPA, we've assembled a number of payroll industry sales and marketing tips for you below.
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New Unemployment Claims Rise By 5,000 | |
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Word Count: 233
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Read Time: 54 Seconds
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The latest data from state reports indicates that in the week ending October 28, 2023, there was an uptick in new unemployment benefit filings.
217,000 Unemployment Claims Submitted.
- 217,000 workers submitted claims, an increase of 5,000 from the prior week's adjusted numbers.
- This rise continues to signal a slow cooling in the labor market; however, the current conditions are still considered tight as the claims are at the lower spectrum of the typical range.
Ongoing Claims Slightly Up But Lower than April's Peak.
- The total number of ongoing claims stands at approximately 1.81 million.
- This figure represents a decrease from the mid-April peak of 1.86 million.
Unemployment Rate Stable Amid Economic Tensions.
- The reported unemployment rate for September was stable at 3.8%.
- The unemployment rate has been consistently low for the past 18 months, ranging from 3.4% to 3.8%, which is historically unusual, particularly in a period of high-interest rates and inflation.
Upcoming Labor Department Report.
- The Department of Labor is scheduled to release a comprehensive report on the U.S. economy's job addition, the unemployment rate, and wage growth for October.
Summary:
While there's been a slight increase in weekly jobless claims, the general state of the U.S. labor market remains robust, with historically low unemployment figures. Attention is now turning towards the upcoming report from the Department of Labor for further insights into the economic health and labor trends of the nation.
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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.
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Word Count: 523
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Read Time: 2.2 Minutes
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ADP Article(s) Of The Week (Clickable Links)
Paychex Article(s) Of The Week (Clickable Links)
Tier 1 Must-Read Article(s) Of The Week (Clickable Links)
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Tier 2 Must-Read Article(s) Of The Week (Clickable Links)
Payroll-Related News Trending (Clickable Links)
IPO, Funding, Merger, Partnership, And Acquisition News (Clickable Links)
Payroll Service, Accountant, Bookkeeper-Related Fraud News (Clickable Links)
Internal Payroll & Worker’s Comp Fraud Articles (Clickable Links)
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Newsworthy Articles To Read | |
If you want to read any of the articles below, click on the
BLUE headline, and you will be directed to the full article.
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Word Count: 49
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Read Time: 12 Seconds
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Articles To Discuss With Your Clients And Referral Partners (Clickable Links)
Educational Articles To Discuss With Your Clients (Clickable Links)
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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.
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Copyright © SellMorePayroll.com All rights reserved. | | | | |
