[Hidden-tech] How do I offer customer financing?

Rich rich at on-the-net.com
Wed Jun 20 10:31:43 EDT 2007


I've been following this and have a point to add: Make they pay for the 
privilege.

I'd make it very clear that this is an added and expensive service you 
are providing
and so build the expectation they have to pay for it, and use that to 
cover any added expense for
the financing -- since few companies charge extra today for financing 
(or even make a deal
about it being free), people don't realize the cost.  That might work 
for gas stations
or Ford or GM (which lost how much last year ??) - but for a small 
company with typical
margins - an extra 15-25% overhead can be fatal -- and that is what I 
recall factoring
your receivables costs -- that is what you need to google BTW 
"receivables factoring",
it is the norm in many industrial markets with long delivery times.

Rich

Jonathon Podolsky wrote:
> We are scheduling shows farther in advance, and are offering a larger number of shows in our event series, we find that fewer customers are willing to pay in full at the time of signup even though I give a discount for up front payment.  Instead they are option for putting down the 50% minimum deposit.
>
> Does anyone know of financing companies that offer financing to 
> consumers who are buying a service?  There would be an application 
> that I provide the customers, but the financing company processes it 
> and provides the money if approved.  I am having trouble finding this 
> on google -- I have only been able to find companies that offer this 
> for retailers.
>
> Also, does anyone know of credit card applications that could be 
> integrated into my website, so customers could apply for new cards and 
> use the card right away on my website?
> All the best,
>  
> *Jonathon Podolsky*
> Producer at WholeHealthExpo.com <mailto:Producer at WholeHealthExpo.com>
> Voice: 413.584.0010
> Toll-Free: 877.WHE.EXPO
> Toll-Free: 877.943.3976
> Fax: 413.586.5846
> Click here 
> <http://www.wholehealthexpo.com/information.php?infoid=6> for Whole 
> Health Expo website including information about our events and 
> applications
>
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-- 
Rich Roth CEO 
TnR Global formally know as On-the-Net
Building the really big sites  
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