Any guesses on AVG fee for Block, JH and Liberty?
Just curious, I guess $165, $195, $245 respectively. John will make bank! JH will recover a bit, and maybe Block will capture some market share? Any thoughts? Have a great season no matter which company you work at!
Your product may be worth ZERO; mine is not.
If a restaurant gives a free meal, it's generally BOGO or a discount. I've never had a restaurant or a cereal manufacturer give me a years supply of their product. There is a BIG difference between a tax return and a meal - the tax customer will not be back for another year, and IF they remember where they got their free meal (return) last year, they may want another freebie next year (they're certainly going to be price conscious.)
If you don't get this concept, you might as well be preparing freebies for block. Really, this is a good thing for everybody OTHER THAN block, because it fills your waiting room with the people that want a free lunch.
H&R Block company offices average fee:
I don’t see it going down…
The 2010 is less coupons and discounts divided by retail tax returns. Other years use other criteria like “clients served”.
22 million is NOT the number of Tax office customers. It will probably be 14 million or so. Also the FREE is really free. No income, no commission. Obviously this is not a large part of the total returns. Everyone is biting the bullet to get new customers in the door. Businesses give away free products all the time to get new customers to try a product. Its like giving out a $39 coupon. Just an advertising expense.
"Businesses give away free products all the time to get new customers to try a product. Its like giving out a $39 coupon. Just an advertising expense." david1801
Not quite. The free returns are not being charged to advertising or marketing. They are being paid for by the employees. This is a commission job, so when you work an hour for zero pay you have to pay Block back against your hourly draw. Sure glad I don't work there anymore.
Why can't people do math, Taxnerd?
Over the past few weeks, I posted that just a $7 fee increase
would recoup any $$$$ lost by RAL rules change. It's easy.
22M worldwide customers X $7...
you know how to do it!
Even if you lost 10% of customer-base, then raise $8. WOW!
Now, that you affirm
the average fee will be near $165, it just supports my opinion.
the pen is mightier.....
If all our hours were filled up with clients, the company wouldn't be offering this promotion. Those preparers whose appointment book is full, won't have to bother with these free returns. Unfortunately, I have plenty of free time. If I choose to punch in I would be getting my draw anyway. I could also spend my time walking around the mall giving out cards. YUK!! I would rather talk to people who come to see me. If I get some clients great! If this plan doesn't work, I don"t feel I have lost anything.