1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

how do businesses like to pay?

Discussion in 'Offline Marketing' started by cornkernel, Nov 8, 2011.

  1. cornkernel

    cornkernel Regular Member

    Joined:
    Sep 2, 2010
    Messages:
    443
    Likes Received:
    115
    Location:
    Australia
    i'll be offering a service to businesses. what i want to know, is how do they prefer to pay for a service?

    monthly? quarterly? by the year?

    anyone have any experience with this? i'd prefer them to pay quarterly, but what's more appealing for them? if it was yearly for example, does that scare them off?

    thanks for any advice! :)

    (i didn't know where to put this, but since it's offline businesses i just decided to put it here. sorry if it's in the wrong place)
     
  2. Sleinad

    Sleinad Senior Member

    Joined:
    May 1, 2010
    Messages:
    899
    Likes Received:
    520
    Occupation:
    Internet Marketing
    Location:
    Nottingham, UK
    Usually monthly, because that's when they send out payments to employees and whatever other expenses...but they probably won't mind doing quarterly.
     
    • Thanks Thanks x 1
  3. pokerjk

    pokerjk Senior Member

    Joined:
    Dec 26, 2010
    Messages:
    1,167
    Likes Received:
    384
    Occupation:
    Online Marketer
    Location:
    England
    Depends what the service is?

    A lot of clients prefer monthly so they can cancel at any time. To entice people to pay yearly offer a discount for paying yearly.
     
    • Thanks Thanks x 1
  4. aStroke

    aStroke Regular Member

    Joined:
    May 22, 2011
    Messages:
    409
    Likes Received:
    230
    Occupation:
    SEO
    Location:
    US
    My clients like to pay monthly for any recurring services. Like pokerjk said, if you want them to pay quarterly, offer an incentive. Give them options for paying quarterly and monthly, but make quarterly payments cheaper than monthly payments.
     
    • Thanks Thanks x 1
  5. paulinwaterford

    paulinwaterford Newbie

    Joined:
    Nov 10, 2011
    Messages:
    17
    Likes Received:
    0
    Occupation:
    Internet markrting
    Home Page:
    Most bussines will have the financial term as 4 months and an annual sum of all the years earnings. Give them the services to pay little in the quater bases and a conclusive pay at the end of their finacial year.