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It doesn’t matter what type of business you’re in IE: Medical, Dental,
Auto, Jewelry, Aftermarket, etc. In House Financing will increase your
Bottom Line, Customer Loyalty and Cash Flow.
Ask yourself a few questions?
1. Do I Discount to make sales or provide a service?
2. Is Business slow?
3. Do I have Inventory to move?
4. Is the Insurance Company lowering the procedure/service coverage price?
5. Do you pay a discount to a 3rd party lender?
If you answered “YES” to any question you are losing MONEY.
Example
1. Instead of discounting hold those discounted dollars offering
a payments plan using R/A Profit$® software 30, 60, 90 days same as
Cash. Then charging a service fee on the remaining balance, you could
increase your bottom line by 100% or more. It’s that easy.
2. Slow business comes from a multitude of factors, but the most basic
is the ability for your customers to buy. If you offer In House Financing it’s
a proven fact that customers are more likely to buy from you. The 3 biggest
reasons all the major chains offer financing is Profit, Cash Flow and
Customer Loyalty.
3. Standing Inventory is a liability in today’s world not an asset. You
are better off getting a down payment (covering net cost) to sell inventory
on time.You will be recieving payments while making the interest
dollars instead of waiting for a cash sale.
4. If the insurance payment is covering your net cost but customers are
not having the procedure/service done because they can’t afford the
deductible and/or balance in cash? Offer them a payment plan that meets
their needs.
5. Merchants have to pay discount dollars to 3rd party lender 10%-
20%. If you sell a $5,000.00 note at 15% discount that’s $750.00
of PROFIT you just gave away. You are better off financing the note
yourself. Let’s look closer: $5,000.00 at 40% profit margin equals
$3,000.00 cost and $2,000.00 Gross profit, paying the 15% ($750.00)
discount is 37.5% of your profits, holding this note would increase your
profit 37.5% plus the interest/service dollars generated from the sale.
Easily reaching an increased profit margin of 50%-100%. In these
Examples if you are financing “Profit” you have minimized your risk and
maximized your bottom line. Once again: How do banks profit? By
charging Interest, Service Fees, Late Fees, and affordable payment plans.
You will be making gross profit dollars plus Interest/Service fee dollars.
It’s time you started making more MONEY. Start today.
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R/A Profit$® provides a standalone, in-house, self financing
and billing software. We offer you and your customer 2 types of
customizable accounts:
1. RA (Revolving Account) like a credit card account and can
be set to meet your financing needs. Example: Start Date 30-60-90
same as Cash, Service Fee by percentage of balance and Late Fees.
2. CS (Contract Sale) fixed payments over set time like a
car or mortgage payment.
Why use self financing software?
It’s time you invest in yourself and your business!
The benefits from financing your own customers can increase your
cash flow, profit margins, and retain customer loyalty. If you discount
for any reason or extend free terms you are losing money. Example:
$5,000.00 purchase/service and you discount10%, if you financed
the discount for your customer over 12 months at 18% you would
increased your profit margin by $550.08 and $45.84 monthly
CASH FLOW with NO ADDED RISK because you are financing
PROFIT. Finance just 1 $500.00 balance a week ($100.00 a day)
for 52 weeks you will increase your profits by $28,604.16 and
monthly cash flow by $2,383.68. If you don’t offer your customers
financing options you are losing money. Customers are walking out
the door and going to your competition and you don’t even know it.
100% of our customers report higher Profit$® . It’s time you started
increasing your Profit$® , Cash Flow and Customer Loyalty!
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