3 Ways to Effectively Use Consumer Finance to Drive Revenue in 2018

This new year marks a grand time in your business!

You can use consumer finance to grow your business in 2018. Contact Financing Your Way for more details on offering consumer finance to help your business get where you want it to be! Why wait? Seize the New Year the right way with multi-faceted consumer finance program that drives big revenue to your bottom line!

Increase Revenue

Apart from the local gym, it is normal to see a decline in revenue during the month of January. By offering consumer financing, you can avoid seeing this drop in your business sales. Consumer finance makes your products or services affordable for your clients. When you partner with Financing Your Way, the process is simple. Financing Your Way creates a custom online application process for your clients. Once approved, your customers can qualify for up to $35,000 that can be used to purchase your products. This will increase your sales revenue and even out sales swings.

Decrease Denials

In many industries, consumer finance is customary. If your business already offers consumer finance, it is worthwhile to consider adding a second or third option for your customers. Every customer is different and unique. Some have great credit and prefer to pay small amounts over time; others have poor credit, but can afford to make a deposit on your product. By having multiple options of consumer financing, your business can meet the diverse needs of your clients.

Financing Your Way specializes in providing businesses with options for offering consumer finance. They partner with a network of lenders, so that you can save time on searching consumer financing options.

Sell Old Inventory

If your business has inventory from last year, you have the option of marking this inventory down, but you can also promote these products alongside your consumer finance options. By targeting this merchandise and making it affordable to your clients, you can avoid losing potential revenue.

A great way to draw attention to your old inventory is to place it near your register. When customers check out, they will be drawn to the consumer finance options. This is a great time to begin the conversation and offer your customer an application. If approved, this sale will not only boost revenue, but it can also clear inventory that has not been moving.

 

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