3 ways to get success with consumer finance

Every merchant wants to get the most from retail finance. Below are 3 fundamentals to get you off to the best start. 59% of customers would have bought elsewhere if finance wasn’t available, so it’s worth following these principles to help you maximise your sales.

1. OFFER ACROSS SALES CHANNELS

There is no extra cost for our omni-channel solution. So never miss an opportunity to convert customers either online, in store, via mobile or on the telephone. Our application ensures a consistent and simple user journey whichever channel your customers choose to buy from.

2. PROMOTE FINANCE EARLY AND AT THE POINT OF SALE

Make sure customers know you offer finance. Promoting finance in the right place will attract customers and people will spend more if they know they can spread the cost. Our merchants have seen average order value increase by 40% on finance orders.

3. EMPOWER CUSTOMERS

Educate your customers. Inform them of the options available, let them check their potential repayments with a calculator, explain the simple process to apply and help them understand finance is an alternative payment option that will remove any barriers at checkout.

Are you offering your customers flexibility when it comes to paying for their purchases and could you increase your sales conversions if you did?

Find out more about how Ideal4Finance can help you step up your retail business in 2019 by calling us on 020 3841 2820!