Episode 157. Everything You Need to Know About Offering Payment Plans

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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

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155. Q1 State of the Industry (Replay of our Facebook & Instagram Ads Coaching Call)

154. Multi-Million Dollar Membership Secrets with Kayse Morris of CEO Teacher

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hi, i'm Anna!

I went from $200,000 in student loan debt to running a multi-million dollar online business in less than 5 years. Along the way, I realized Mondays can be great, stress doesn’t equal success, and you’re capable of more than you think. Now, I have the privilege of helping other ambitious individuals realize their potential and build their dream business and life.


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