Retail consumer finance is an alternative payment method that businesses can offer to their customers.
It is a great option for retail businesses with high priced items, such as furniture stores and even pet stores. Retail finance companies are in abundance, so finding a retail financing company isn’t difficult. Despite the number of retail finance companies out there, not all are created equally. Here are the three qualities you should look for in a retail consumer finance company:
Knowledge of the Retail Sector
The retail sector faces unique challenges, so it’s important that your retail financing company understands the retail industry. This understanding will provide your business with the advantage of customized retail finance programs.
Diverse Financing Options
If your retail finance company only has one option for consumer finance, you will only be offered this one option. This option may not be the best option for you, so it is important that you partner with a company that has multiple options.
Ability to Assist with Marketing & Training
Having retail financing options does not guarantee a sale. You will need to strategically market and thoroughly train your staff. Not all financing companies offer this service, and if you are not a marketing expert this can become painfully expensive.
Luckily, Financing Your Way offers all of these qualities. Management Partner Brad Parker has over 16 years of knowledge of the retail sector. Beginning as a retail pet store owner, Parker expanded into financing after discovering a lack of options for retail consumer programs in the pet store sector. The company’s dual experience of retail and financing allows Financing Your Way to better understand your business and its consumer financing needs.
Financing Your Way also understands the diversity of clients. It is for this reason, the team focuses on partnering with a network of diverse lenders. This allows your customers to offer retail consumer finance based on their unique qualifications. No matter if your customer has good or bad credit, Financing Your Way has a retail consumer finance option for their situation.
The staff of Financing Your Way understands the importance of marketing and training. They create customized marketing material for your business to advertise your consumer finance options. We create marketing materials optimized for social media and for the storefront. Coupled with staff training, your company will increase revenue and expand your customer base.