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2024 The Business Show AGENDA

The Business Show


The importance of giving your customers flexible payments

13 Nov 2024
Theatre 12

I'll explain the importance of small businesses offering flexible payment options to compete effectively with larger chains. 

When customers are given the option of flexible payment methods, they can justify their spending more easily by breaking down the total amount into affordable, manageable slices. This approach generally leads customers to spend more because the perceived affordability increases.

Many small businesses miss out on this opportunity because they often lack access to mainstream lenders, which puts them at a disadvantage compared to larger chains that can easily offer such payment flexibility as a standard feature.

I'll delve into why small businesses should not be left behind due to this limitation and discuss strategies they can adopt to implement flexible payment options. Additionally, I'll explore how we can assist these businesses in overcoming financial barriers and enhancing their competitiveness in the market.

By providing flexible payment options, small businesses can attract more customers, increase sales, and build stronger customer loyalty. It's essential for these businesses to explore alternative financing solutions and partnerships that can help them offer the same conveniences that larger competitors provide.

 I'll provide practical insights and solutions to help small businesses navigate this challenge and thrive in a competitive market.

Huw Philips, CEO - Buyline
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