Why Should I Offer Finance to my Customers?
The ability to 'buy now, pay later' is an option today, that most shoppers expect and more importantly, it's an option that most prefer. Without it, your business may be missing out on potential customers and sales.
We've collected the top three benefits to offering finance options to your clients, to show you that no matter your market or audience; retail finance can help your business grow.
Give your customers control
Allowing customers to split and spread their cost over manageable monthly amounts gives your customers a sense of control over their own purchases. We all like to feel in control of our own spending, and by offering finance plans you're directly handing the power over to your clients. Empowering your client base will improve overall customer satisfaction, and in turn work to increase client retention. Happy customers are loyal customers after all.
Bring in new customers
Whether you're offering training courses, or selling men's sunglasses, everyone wants to bring in more customers. Whilst you may be hosting successful marketing events and promoting your company well on social media, this will only generate so much attention if potential clients can't actually afford your services. By providing flexible repayment plans, you're opening your services and goods up to a much wider range of potential clients, each one another potential sale. For us the logic is simple; the more finance options you offer your clients, the more customers you will attract.
Allow your customers to buy more
The option to buy now, pay later allows customers to spend more than they would have been able to if they were required to pay upfront. Paying the cost off monthly encourages clients think about more expensive treatments or greater spends as the weight of the purchase can be carried over a year, rather than a day. With Payl8r, you can offer finance plans both online and in-store, so that no matter where your customers shop they can buy more of what they love.
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