Considering the times we are in, its prudent to stop and take pause on the processes we are applying to our businesses.

To succeed in the midst of economic uncertainty and supply chain disruptions, making slight improvements to our business models can make all the difference.

One area to consider improvements is in finance and revenue.
 
Some ideas to consider are:

• Would a subscription-based pricing model suit your business?
  Specifically, giving your customers the choice to pay for their monthly services upfront. 
  
  This could be a simple recurring direct debit authorisation.
  
  There are multiple providers of direct debit services at the minute for small to medium businesses that are cost effective.
  A few are: GoCardless, Stripe and Paypal. Of course this depends on your business needs.
  However, by adding a monthly recurring subscription model, you will increase client retention and secure stable monthly cashflow.
  All the while reducing friction for your customers when they interact with your business.
   
  
• Adding an online purchasing experience for your customers.
  In this day and age, your B2B customers want to purchase your products and services in the same way as your B2C customers.
  
  B2C customers purchase products via online marketplaces like amazon, etsy, ebay and other ecommerce sites.
  
  As this has grown and become mainstream, this expectation has crept over into B2B relationships.
  
  B2B customers want to purchase services from their suppliers easily online with their vendors.

These ideas apply to all industries, no matter how traditional your business may seem.

An online purchasing option and a recurring subscription-based purchasing model  can help you drive revenue growth, in spite of these current economic circumstances.

Why not book a session with us to explore how these ideas could help you achieve your business goals?