Pelcro’s Post

4 tips to increase customer purchase frequency in 2024 #1 Implement direct debit, auto-ship or subscription arrangements for recurring order products/services moving forward. #2 Train the team to schedule on-the-spot re-bookings after each service gets completed. #3 Introduce automated email/SMS follow-up and reminders to your existing customer base. #4 Get a team member to follow up with past clients/customers at scheduled intervals for re-orders or re-bookings. Which strategy can you implement the fastest? #profitfirst #cashflow #salestips #businessstrategy

1. Assess your current needs and goals 📝 2. Explore flexible financing options 💼 3. Implement tailored payment solutions 💳 4. Utilize customer growth programs 🎁 5. Monitor and adapt continuously 📈 Do these 5 things every day, and you’ll be wildly successful. DM us for more info #BusinessGrowth #WorkingCapital #PaymentSolutions #TitanizeYourGrowth

Did you know? A recurring true sale of customer receivables can transform your business. Imagine offering invoice extensions to keep clients satisfied, flexible payment terms to attract new customers, and streamlined order-to-cash processes to reduce operational burdens. Result? Boosted sales, improved customer relations, and optimized efficiency. What's your go-to #workingcapital strategy for a healthy balance sheet? #CFO #CFOInsights #OfficeOfTheCFO #Strategy #Finance #Distribution #cashflow

Effective collections start with strong customer relationships. By understanding our customers' needs and maintaining transparency, we can accelerate the collection process and minimize delays. A solid relationship is more than just a strategy it's a long term investment that strengthens cash flow and ensures business stability. #CreditManagement #CustomerRelationships #Collections

FreightScore - What is it and how does it benefit carriers, shippers, and the greater supply chain? Much in the same way a FICO credit score benefits lending institutions, a FreightScore is an objective third party view of a shipper’s performance based on a number of quantifiable metrics. Here are just a few of the metrics that make up a FreightScore: 1. Monthly Shipment Volume 2. Average Length of Haul 3. Billing Exception Data 4. Claims Filed and Paid 5. Days to Pay 6. And more… 🚚 How does it benefit carriers? Utilizing a FreightScore aids carriers in evaluating shippers by enabling them to readily distinguish between profitable and unprofitable clients. This helps to mitigate pricing errors and helps ensures more efficient operations. 📦 How does it benefit shippers? For the first time, shippers have access to clear and user-friendly metrics that pinpoint areas for improvement in their shipping operations, enabling them to become preferred shippers for carriers or achieve the status of Shipper of Choice. 🌎 How does it benefit the greater supply chain? FreightScores will establish standardized KPIs for shippers, carriers, and 3PLs, leading to enhanced efficiencies across the board and will significantly reduce the risk of pricing errors for carriers. Learn more about FreightScores at the Freight Facts website below and stay tuned. https://freightfacts.io

Don't let your manual invoicing cause setbacks and lead to lower customer retention. 📉 📧 Make the smart move to automated invoicing, ensuring a smoother, error-free process that keeps your customers coming back. Learn more: https://lnkd.in/dCyFCCdj #Invoice #Payments

Learn how trade references and accounts receivable (AR) data can help build stronger customer relationships! #Versapay #CustomerRelationships #ARData

All businesses face price pressure, and the temptation is great - particularly at the end of a quarter or measurement time for a bonus. However, the cost of discounting can be significant, and the increase in volume needed to get back to even puts the company on a treadmill. A 10% discount on a product with a 30% margin changes the math by a scary amount. To achieve just $1000 in profit, the discount requires selling 50 units instead of 33 - that's 50% more units for a 10% price cut. The price cut creates a spiral that cannot be managed - more pressure on sales yet with less cash. The expenses of the business continue, so we put more pressure on sales to deliver. The pressure on sales can cause additional discounting. It's a loop that you cannot escape, leading to morale problems, cash flow problems, and a lack of confidence in the company. An alternative to discounting is bundling, a way to group complementary products or services to create packages. When done well, bundling shifts the conversation from price to value. Think about these steps in a bundling approach: 👣 Create Unique Offerings: the bundle should stand out in the market 👣 Increase Perceived Value: the bundle should be worth more than combining individual items 👣 Made for You: create bundles based on customer needs to demonstrate a commitment and understanding of the market These steps can help avoid discounting, demonstrate value, and lead to greater customer satisfaction.

Are you wondering how your #business can stay ahead of the curve and keep #customers coming back? The secret might be in offering third-party financing, which can provide your customers with flexible #payment options that enhance their purchasing power. Businesses that implement third-party #financing not only improve cash flow but also boost sales and increase customer loyalty. But how can you implement it effectively? Our blog sheds light on how to start offering third-party financing to your clients and its potential to transform your business model: https://lnkd.in/dwjhZYWN #ThirdPartyFinancing

Get customer commitment upfront.   Here's how:   1️⃣ Provide clear estimates 2️⃣ Secure approvals 3️⃣ Collect deposits 4️⃣ Convert balance in one click   See it for yourself in a quick demo with Invoiced: https://bit.ly/3vCF632! #Payments #Billing #BusinessEfficiency #Sales #Quotes #Estimates