StartUp Financing: Even after your target audience is sold on the worth of your cruise, course or self-improvement program and have a great shot at success, but they still need to find the money to pay for it.
StartUp Financing: That’s why ePay is gaining ground, a streamlined method for almost any website to offer financing for big-ticket items. Take a look at how ePay can help you convert lookers to buyers on your site.
According to an article in Entrepreneur magazine, the more payment options you offer your customers, the higher your sales conversations. In fact, offering four or more increases purchases by up to 12%, based on a study done by CyberSource Corp. And getting steady sales at the beginning of your business journey is the best source of startup financing.
Customer finance is not new. Back in the 1800s, financing is what grew the Singer Sewing Co. into a corporate giant. It was the first company to routinely let women, who coveted the new-fangled sewing machine, pay over time. The system was so effective, other companies in a range of industries quickly got on the bandwagon. It is still the best way to make your product affordable to the greatest number of people.
Allowing your clients pay over time certainly helps them. Instead of a big upfront cost, it allows them to spread the expense over time, with the addition of a finance charge. Without financing, many of your potential customers simply can’t afford your products and services. How many sales are you currently losing and not even know it?
What you have to offer can make a major difference in the life of a customer. A memorable cruise can become family memories that last a lifetime. A course that gives a person the necessary credentials to try for a better job means more money and advancement. A self-improvement program can give someone the confidence they need to feel more secure, more willing to take risks in relationships and careers.
Families have constant expenses for mortgages, rent, food, insurance, the car, schooling for children, the list goes on and on. There is very little leeway in most people’s everyday budgets. With financing options, they can pay over time, with the addition of a small finance charge, and enjoy the use of what you are selling right away.
Quite simply, with more ways to pay, you get more sales. It’s one of the simplest ways to improve your bottom line. But that’s not the only benefit.
With financing, you build customer loyalty. The people who buy from you over time appreciate the convenience. By giving them the chance to pay smaller amounts for longer periods, you are opening doors for them.
Repeat sales go up. Your buyers appreciate the financing option, and remember you with gratitude. Your next product is a much easier sell for them.
You inspire positive word-of-mouth advertising. Your clients are grateful and they let others in social media and everyday interactions know about you.
For state-of-the-art consumer financing, no program beats ePay. They have a reputation for ease of use, customer support, prompt credit decisions and fast deposit of funds. This makes them attractive to small to medium size businesses that are floundering without a reliable product financing option to offer.
For many years, it has been very difficult for the small guy to get effective consumer finance solutions to provide their customers. They often didn’t meet the stringent requirements made by banks and other financial institutions. If they were approved, the interest rates they were forced to pay were too much to handle.
With ePay, any legal business entity can now offer installment loans at an affordable rate. The company also offers the latest credit card processing technology, a must to stay current with regulations. Using ePay, a business has no problem taking payments via Google Wallet, PayPal, Samsung and Apple Pay.
Check out ePay for your business. You will attract more customers, generate loyalty and ensure a steady stream of payments each month.
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