Staying Solo

Consumer Caution: Understanding the Risks of Payment Plans in Online Business


Listen Later

This week, we’re sharing our most recent Duped episode where we discuss understanding the risks of payment plans in online business. 

_______________________________________

Have you ever bought something on a payment plan and quickly realized you’re unsatisfied, but there’s no way out?

The fact is, not all payment plans are created equal. While they can be an excellent way to pay for something over time, the flip side is that they can also be weaponized by celebrity entrepreneurs and used to handle sales objections. 

So, what risks should you, the consumer, know about before buying a course or program using a payment plan? 

In this episode, we’re equipping you with the knowledge to make informed decisions about what you buy and how you pay for it. 

We discuss:

  • The pros and cons of payment plans.

  • How payment plans can be weaponized to handle objections.

  • How much is a reasonable markup on a payment plan?

  • The possible pitfalls of extended payment plans.

  • Why incentives for paying in full can be problematic.

  • How third-party payment services can make payment plans more questionable.

  • Questions to ask before you buy. 

For detailed show notes and links to everything mentioned in this episode, please visit duped.online. For more Duped, including monthly bonus episodes, join the Patreon. 

...more
View all episodesView all episodes
Download on the App Store

Staying SoloBy Maggie Patterson, BS-Free Business

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

73 ratings


More shows like Staying Solo

View all
Sex With Emily by Dr. Emily Morse

Sex With Emily

6,783 Listeners

Social Media Marketing Podcast by Michael Stelzner, Social Media Examiner

Social Media Marketing Podcast

1,446 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,578 Listeners

Make Marketing Suck Less for Expertise-Driven Solo Businesses by Dr. Michelle Mazur

Make Marketing Suck Less for Expertise-Driven Solo Businesses

82 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,067 Listeners

The Influencer Podcast by Julie Solomon

The Influencer Podcast

1,443 Listeners

Social Media Marketing Talk Show by Michael Stelzner, Social Media Examiner

Social Media Marketing Talk Show

83 Listeners

Hello Seven Podcast by Rachel Rodgers

Hello Seven Podcast

579 Listeners

WITH LOVE, DANIELLE by Danielle LaPorte

WITH LOVE, DANIELLE

659 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,572 Listeners

Duped: The Dark Side of Online Business by Michelle Mazur and Maggie Patterson

Duped: The Dark Side of Online Business

80 Listeners

Chill & Prosper with Denise Duffield-Thomas by Denise Duffield-Thomas

Chill & Prosper with Denise Duffield-Thomas

214 Listeners

Sequence Over Strategy by Michelle Warner

Sequence Over Strategy

14 Listeners

Confessions of a Micro Agency Owner by Maggie Patterson, BS-Free Business

Confessions of a Micro Agency Owner

2 Listeners

Aggressively Human: Online Business in the Age of AI, Algorithms & Automations by Meg Casebolt & Jessica Lackey

Aggressively Human: Online Business in the Age of AI, Algorithms & Automations

6 Listeners