Worried that your products are not moving? Is your inventory stuck? Now, there is a solution on how BNPL helps you push more products off the shelves. Most companies that sell products have been known to discount products when they cannot move them from the shelves. Discounting lowers your profit margin. Also, in some cases you may even lose money. In other cases, you may offer in house financing. That is time consuming and builds up accounts receivables.
How can you push products?
Buy Now Pay Later options can help you move more products and serve more customers. First, your business needs to apply to determine if you can offer BNPL or flexible payment options. Once approved, your customers can apply for financing options that fit their needs without disrupting their planned monthly spending.
Financing options with the appropriate financing provider will give you the flexibility to sell to more customers without the time and resource commitments that come with in-house financing or without having to offer discounts. Let’s assume you have a $1,000 product and you discount it at 30%, now you only make $700 gross. Let’s assume you advertised the $1,000 product and offered it for $500 per month for the next 4 months. You avoided discounting and made your product affordable giving the buyer the option to buy it now and pay later.
This strategy can help you push more products off the shelves. To learn more on how to enrol your business in this program,
Call 888-505-5835.
Or visit our web page clicking the image below!
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