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Let’s talk about payment plans!
Do they make you nervous? You’re not alone!
This may not be the sexiest topic to talk about, but it is very important and you need to understand it as an online business owner.
Many people naturally feel a little anxious about the idea of offering payment plans for their products. To be honest, I struggled with the idea of them too, but I offer them because I know what the benefits are.
So in this episode of Your Million Dollar Side Hustle, I’m sharing my thoughts on payment plans, what types of payment plans you should offer, and what to do with failed payments.
In this episode, we discuss:
- What you need to know if you’re afraid people won’t pay their payments
- Why payment plans are actually a great thing to offer
- What the studies show about payment plans
- How to make sure you aren’t losing money with payment plans
- Our secret to increasing our pay-in-full purchases
- How to handle failed payments
I hope this episode was helpful to you! Payment plans really can be a benefit to your business rather than a risk. These tips will help you ensure you aren’t losing money while growing your course or program.
Ready to launch your own online course or membership? Check out my free training to learn how I built a $1 million online course and how you can too here!
Resources Mentioned:
Free Training: How I Built a $1 Million Online Course
Learn more about Powered by Passive Academy
30-day Free Trial of Kajabi, the number one tool I use in my business
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