Single Pay vs Payments
Course 5
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Will you allow payment plans?
How many payments will accept?
2 payments
3 payments
More?
What is the amount of the full pay vs payments?
I recommend charging less for full pay.
Example:
Full pay gets 25% discount. You can set up a coupon code. Coupon codes only work on full pay.
Full pay $1800.
Payment plan $2400. Example:
2 pay: $1200 per payment
3 pay: $800 per payment
Will a small amount of people potentially default? Yes, but the extra amount you are collecting on the payment plan will make up for it. This will allow you to not worry so much when this happens.