Suppliers Struggle to Hit Their Sales Targets
You have the products, the demand is there, and your sales team is working hard - so why do some deals slip through the cracks? Here are a few common roadblocks:
- Customers Love Your Product, But Not the Upfront Cost
Price objections are one of the biggest reasons deals stall or fall through. A customer might see the value in what you offer, but when it comes time to approve a large upfront payment, hesitation sets in. Offer a simple alternative through pay-monthly finance options, where customers can spread the cost.
- Sales Are Stalling Because of Budget Approvals
Even when customers want to buy, internal red tape can slow everything down. Decision-makers often need to balance budgets and justify big expenditures before signing off. By offering a financing option, you can eliminate that hurdle as the purchase becomes an operational expense - something that’s easier to justify.
- Competitors Are Offering Payment Flexibility
If your competitors are giving customers the option to pay monthly and you’re not, you could be losing business without even realising it. Many businesses expect flexible payment solutions now. If they can spread the cost with another supplier but must pay upfront with you, the choice is obvious.