Cash discount program and selling tips? The main draw of this program is that it is going to help put more money in the pockets of the businesses that you are working with. Your merchants will be able to experience higher profits because the EDGE Cash Discount Program is designed to eliminate the processing fees for merchants, which can range anywhere from 2-4%. This might not sound like huge savings, but when you put it into the context of dozens of transactions a day, it becomes a real expense that businesses must plan for.
There’s an incredible amount of emotion that goes into B2C sales. Consider small businesses selling their product for the first time, or the first time someone buys a car. There is so much riding on that one transaction because it’s based more on emotion. B2B sales can be rather cut and dry—strategic and rational. There is a strategy in place to ensure the sale happens, and again, there’s multiple stakeholders on each side to help move the buying process along.
The Cash Discount Program is Great for Business? You may think the cash discount program would turn off your credit card paying customers, but it won’t. A majority of customers don’t mind paying a small fee, (cents on the dollar really) for the convenience of carrying credit cards versus cash. You and the customers come out the winner in the deal. You show honesty and integrity by providing signage that lets customers know of the fees if they use a credit card and you reward those that choose to pay cash. Eventually, more customers will catch on and have cash available when they shop at your store – after all, who doesn’t love a little discount, right? Find even more info at Cash Discounting Program.
Connect with buyers and uncover their full set of needs: Before a prospect opens up and shares their finances and goals with you, you must develop rapport and trust with them. Once trust is developed, you can uncover their needs and desires. Say you’re a banker talking to a customer about setting up a checking account. Don’t just be an order taker. Ask them about their home situation. Are they moving to the area? Perhaps they need a mortgage. What does their portfolio look like? What stage in life are they (just starting out, highest earning part of their career, or preparing for retirement)? When talking with potential clients, be sure to ask about and understand their full financial picture. Only then can you propose the best, most robust solution.
Below are some types of common senior discounts. Take a closer look at this list. If you use these services, be sure to ask your favorite businesses about available discounts. Many times, this is a simple way to save a significant amount of money. You just need to ask for the savings. Joann Fabrics: On Senior Discount Day, seniors can receive 20 percent off of total purchases; must be 55 or older and discount days vary. Amazon: If you are an AARP member you can save 50 percent on certain Kindle e-books, 10 percent on Kindle e-readers, and 10 percent on audio and print books. Lowe’s: Veteran seniors can receive 10 percent off of eligible purchases .Dunkin Donuts: For those who are looking for a discount and have an AARP membership, expect a free donut with the purchase of a large beverage here. iHop: Senior discounts here are on meal prices and drinks. Up to 10 percent off is provided.
Let’s Make Things Easier With an Example: A store sells baseball gloves at the price of $10 each. There’s a signage on the door that says, ‘We have a discount on cash payment while all credit card payments will be made on full price”. Now, if the payment is made via credit card, you will charge $10.5, which the customer will assume is the actual non-discounted cost of the gloves. Now let’s put this example in our previous 7 Eleven kind of store scenario. Here, we will have a 4% surcharge on credit card payment instead of $0.50 from the example because we are allowed to have a 4% charge max. So if the baseball gloves seller is doing $10k a month in credit card payments, we will tell him that instead of paying a $300 fee from your pocket, you put a 4% fee on credit card payments. Discover extra information at here.
