Sign up to save your podcasts
Or
Share Why Refunds Don’t Work
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Why Refunds Don’t Work
Many new entrepreneurs believe they need to offer a refund policy to help their clients feel at ease about purchasing their products, services, or online courses. Sometimes, depending on where you live or the type of industry you are in, you may be legally bound to offer a refund policy to your clients and customers.
On today’s episode, I’m sharing why I don’t believe in offering a refund policy on products or services and the challenges that many entrepreneurs face when offering a money-back guarantee. I’ll share my experience with offering refunds, the type of clients who typically request a refund on their purchases, and how offering refunds can impact your business. I’ll also share strategies you can use instead of offering refunds and the difference between a payment plan and a subscription plan.
“The problem with refunds is a lot of people just don’t do the work.” - Sigrun
In This Episode of The Sigrun Show:
- Challenges associated with offering a refund policy.
- Legal obligations regarding money-back refunds.
- The benefits of offering refunds.
- My experience with offering a refund policy.
- The importance of doing your due diligence before purchasing a course or program.
- Four primary reasons why people request a refund.
- The importance of honoring your refund policy - if you offer one.
- The difference between a payment plan and a subscription plan.
- Being clear in your refund policy and terms & conditions.
Key Takeaways:
- Thoroughly consider whether you should offer a refund policy.
- Consider the terms you are comfortable with granting.
- Consider whether your refund policy is aligned with your mission as a business owner.
Resources Mentioned:
- Episode 156: Why Lifetime Access is a Lie
Please share, subscribe and review on iTunes
Thank you for joining me on this episode of the Sigrun Show. If you enjoyed this episode, please share, subscribe and review on iTunes or Google Play Music so more people can enjoy the show. Don’t forget to follow and connect with me on Facebook, Twitter, and Instagram!
Get Your Free Training
Through my own entrepreneurial journey and by training thousands of online entrepreneurs I’ve identified 7 STAGES of a Profitable Online Business. Get free access to the 7 Stages training videos and take your online business to the next stage.
View all episodes
By SIGRUN
5
4949 ratings
Many new entrepreneurs believe they need to offer a refund policy to help their clients feel at ease about purchasing their products, services, or online courses. Sometimes, depending on where you live or the type of industry you are in, you may be legally bound to offer a refund policy to your clients and customers.
On today’s episode, I’m sharing why I don’t believe in offering a refund policy on products or services and the challenges that many entrepreneurs face when offering a money-back guarantee. I’ll share my experience with offering refunds, the type of clients who typically request a refund on their purchases, and how offering refunds can impact your business. I’ll also share strategies you can use instead of offering refunds and the difference between a payment plan and a subscription plan.
“The problem with refunds is a lot of people just don’t do the work.” - Sigrun
In This Episode of The Sigrun Show:
- Challenges associated with offering a refund policy.
- Legal obligations regarding money-back refunds.
- The benefits of offering refunds.
- My experience with offering a refund policy.
- The importance of doing your due diligence before purchasing a course or program.
- Four primary reasons why people request a refund.
- The importance of honoring your refund policy - if you offer one.
- The difference between a payment plan and a subscription plan.
- Being clear in your refund policy and terms & conditions.
Key Takeaways:
- Thoroughly consider whether you should offer a refund policy.
- Consider the terms you are comfortable with granting.
- Consider whether your refund policy is aligned with your mission as a business owner.
Resources Mentioned:
- Episode 156: Why Lifetime Access is a Lie
Please share, subscribe and review on iTunes
Thank you for joining me on this episode of the Sigrun Show. If you enjoyed this episode, please share, subscribe and review on iTunes or Google Play Music so more people can enjoy the show. Don’t forget to follow and connect with me on Facebook, Twitter, and Instagram!
Get Your Free Training
Through my own entrepreneurial journey and by training thousands of online entrepreneurs I’ve identified 7 STAGES of a Profitable Online Business. Get free access to the 7 Stages training videos and take your online business to the next stage.