Amidst business closings and shutdowns, the current pandemic also opened the door to new or expanded opportunities arising from an unexpected side effect—home improvement. When stay-at-home orders were enacted across the country, homeowners were taking inventory of their home environments. They needed office space, better kitchens and expanded outdoor living spaces.
Remodeling contractors were in demand and from that demand grew new remodeling businesses. If you’re one of those new entrepreneurs or franchisees—congratulations! No doubt you’ve got a pipeline of prospects ready to connect with…but do you have the right tools to close the sale if the customer doesn’t have enough funds to secure the project? Remember, we’re still in a pandemic economy.
Taking into consideration growing competition and a struggling labor market in 2021, we’ve got some solid business advice for you: add in-house financing to your sales plan.
Benefits of In-House Financing
First and foremost, being prepared with the right tools to answer all of your customer’s needs means not only having an extensive socket set or an impressive showroom, it means knowing how to abate a potential customer’s price shock with an attractive financing package that’s available at your fingertips. There’s a reason Foundation Finance has nearly 8,000 dealers in its network. Financing closes sales!
How will a financing program strengthen your business?
- Gives you the ability to close the sale on the spot.
- Allows the customer to expand their project size with financing in-hand.
- Gives the customer the satisfaction of getting a good deal with the same or better promotion than their own bank.
- The positive experience creates a repeat customer and gains customer referrals.
These are benefits that can’t be replicated without an in-house financing program. As a new business owner, incorporating a strategy that closes sales is what will build your bottom line.
Once you join Foundation Finance Company’s dealer network, the wheels are set in motion to help you succeed! Your new business goal becomes our new dealer goal: to help you grow your business. Here’s what you can expect in support beginning from the day your new business is approved:
- Free ongoing program training
- Free professional marketing materials to promote financing
- Free and live dealer support
- Dealer incentives and bonuses
Give your new business the best chance for continued success. We’d love to celebrate your future business anniversaries! Click here to enroll in our dealer network (for free) or to request program info.