Cash discount program and selling recommendations? With the EDGE cash discount program, merchants won’t have to worry about these fees because they will be passed on to the consumer instead. This is a great selling point for your merchants because it eliminates a cost that they would otherwise have to pay and saves their business money. There is no cost to enroll for the program, so they only have money to gain from enrolling in the program.
Subscriptions are all about relationships. Customers are buying something once and then forgetting about; they are spending money on your product on a recurring basis. Whether it’s the beginning of the customer cycle, or throughout, you must build trust with your customers in order to successfully sell them your product/service, and to ensure retention and renewal. But how do you build trust? It begins with developing a rapport, asking questions and truly listening. You can connect with prospects on business-centric social media sites like LinkedIn. Make sure to follow-up and stay engaged. Show the customer you genuinely care.
When you use the Cash Discount Program, you must make it known that you offer cash buyers a discount on the total cost of the items and customers paying with a credit card pay the full, listed price. This isn’t a surcharge – you aren’t penalizing credit card paying customers. Instead, you’re offering cash discounting or rewarding cash-paying customers. You have a product listed for $20. John comes in and buys the product for $20, paying with a credit card. John pays $20. Jan comes in and buys the product for $20, paying cash. Jan pays $19.20 because she gets a 4% discount for paying cash. Discover even more information on Cash Discount Merchant Processing.
Lead with value: When reaching out to your network and potential buyers, don’t lead with a capabilities pitch. Instead, lead with an offer of something valuable. Offer to evaluate their current portfolio and make suggestions. Offer to share research you or your company recently conducted. Offer to share best practices in asset allocation you’ve discovered from your work with others in similar situations. Whatever your offer, make sure it adds value to the buyer in the initial meeting itself. Do this and you’ll generate far more conversations.
If you use any type of transportation, ask for a senior discount. This is especially true for those who use public transportation. You could save a significant amount of money on these discounts. Golden Corral: Ask for a discount here. They vary from one location to the next, but are often discounted meal prices. Denny’s: For a deep savings on meals, visit this location. Many offer up to 15 percent off. AARP members could get a lower price significantly. Outback: Outback’s senior discount is for AARP members. They can save up to 10 percent on their purchase here. Taco Bell: Most Taco Bell locations provide individuals with a discount of five percent off their meal. Most also provide free beverages to seniors when requested. Burger King: Seniors may be able to get a 10 percent discount plus additional discounts on drinks at Burger King.
If you want to crush your sales, you need to study the cash discount agent program and how this whole process works. If you know it from inside out, you can sell it with confidence. You need to decide the model of business you will choose for cash discounting. Places, where there is addition of tips like sit-down restaurants, can make the cash discounting difficult. Also, a pizza place having a huge line outside won’t be a good candidate either. See more details at this website.