0026: Why Contractors Accept Credit Cards - a podcast by Randal DeHart | Construction Accountant |PMP | QPA
from 2014-05-21T22:47:24
Your Customers And Clients Want To Use Their Credit Cards For Construction Projects
Unplanned Emergencies - Are stressful enough now add "how am I going to pay for this" to the mix increases the anxiety! For most people cash in short supply which leaves using a credit card, getting a bank loan or selling something to raise cash as their best options?
For Example - Homeowner with leaking roof is going to get it fixed right away because rain water is damaging the interior of their home including some irreplaceable sentimental treasures including items passed down from parents and grandparents.
Who Will They Call? - You I hope! If you are their contractor and they like and trust you very likely they will call you.
Accepting All Credit Cards - Makes you the hero because they get instant financing and your Electronic Armored Car takes your money to the bank. Not accepting credit cards or worse yet only accepting Visa and MasterCard and not American Express makes people suspicious about the integrity of your construction company. No it’s not right, yes it is a form of prejudice and only you can decide to be right or rich. Pick one.
When you offer a fast and easy way for your clients and customers to get financing everybody wins.
Your client gets the work done they earn airline miles and other perks and you made a sale which you could have easily lost to a competitor that accepts credit cards.
Add On Sales - Will more than make up for any fees you pay to accept credit cards. Prove it to yourself by asking twenty contractors that accept credit cards why they do and then ask twenty that don't and make up your own mind. In our past construction businesses when we accepted credit cards the profits increased over 100% and if I told you how it much I guarantee you would find it astounding!
Two Easy Ways - To massively increase cash flow and profits is to cut costs or increase revenue. One is limited the other one is not. Highly profitable construction firms focus on developing their Strategy to do both using The Contractors 80 20 Rule For Success.
Please Do Not Misunderstand My intent - Money is not everything it is simply a way for you and your family to enjoy the good things of life. By serving your client base effectively giving them what they want your wealth will provide opportunities for other people who serve you to do the same.
One Of The Most Important- Things you personally can do for your fellow contractors is to be a leader by becoming rich and offering them a helping hand up.
This Is One More Example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com
This is one more example of how Fast Easy Accounting is helping construction company owners just like you put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com
Thinking About Outsourcing Your Contractors Bookkeeping Services?
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Need Help Now?
Call Sharie 206-361-3950
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