Presentation on theme: "Be the Hero in your industry by giving your customers a way to purchase your product or service today and take 90 days to pay, interest free, with no."— Presentation transcript:
Be the Hero in your industry by giving your customers a way to purchase your product or service today and take 90 days to pay, interest free, with no credit check.
90 Days Same As Cash * 90 days to pay with zero Interest No Credit Check * No Credit Bureau inquiry or reporting
Increases traffic, sales and profits, by offering immediate purchasing power. Safe, affordable, convenient, and nearly every application is approved.
X Not an attempt to get your credit card processing business – No equipment lease or purchase is required X Not a post-dated check holding program – Checks have no role to play in this program X Not a Cash Advance or Payday Loan
X Not a phony “promotion” ending in a high interest, impossible loan trap X The customer pays NO interest – ever! X No co-signers required
It’s a NEW way for consumers that have the ability and desire to pay, but don’t qualify for traditional financing, to get what they want or need today, and take 90 days to pay.
What that means is, they have regular income and make their payments on time, but their credit scores have been lowered, disqualifying them from consumer loans and credit cards.
These are your neighbors. Good, hard-working middle class Americans who have always been able to whip out a credit card as a safety net for those emergency or spontaneous purchases.
In 2007, 97% of American Consumers used credit cards regularly. Today, over 30% of Americans don’t have ANY credit cards at all!
They’ve had their safety net ripped out from under them. And the Federal Reserve says less than 5% of Americans have $1000 or more in a savings account.
So, if they don’t have enough cash to make the purchase, they just do without, all because a computer somewhere says they no longer qualify for credit.
They’ve come to be known as the “Credit Score Poor.” We all know someone in that situation. Have you had your own credit card limit adjusted? Has your FICO™ score gone down in the last couple of years?
The V.I.P Payment Program works for these consumers by approving the sale without affecting their credit score or accruing any interest charges.
The V.I.P Payment Program is promoted as a 90 day interest-free program with only a very small “convenience fee” per payment and one-time $25.00 application fee.
With the V.I.P Payment Program you accept your customer’s promise to pay weekly, bi- weekly or monthly over a 90 day period for purchases valued up to half their net monthly income up to a maximum of $2,000.00.
We’ll hold them to that promise by debiting the payment from their account electronically and depositing it into your account when the payment comes due. We’ll guarantee your funds availability within 36 hours of the payment date.
Should the customer’s account be short of funds on the due date – not your problem. Those funds are sent to your account as promised, and we pursue collection from the customer – not you.
This is what we do and we are expert at it. Upon notification that a payment did not clear, you will simply fax in the requested documentation within 5 business days to retain guarantee status.
This program is not for those high-risk consumers with a less than desirable credit history who don't make their payments on time. They won’t qualify for the VIP program.
The VIP Payment Program was designed for those consumers that are principled and strive to maintain a good credit record by taking responsibility for their financial obligations.
Despite following all the rules, these hard- working consumers have recently seen their credit scores drop below the new acceptance threshold, disqualifying them from eligibility for conventional loans and credit cards.
Suddenly they find themselves among the credit score poor. Not necessarily because they did anything wrong. The banks and finance companies have raised the bar.
Unlike the banks and finance companies, however, we do not conduct a credit bureau inquiry to determine an applicant's suitability for participation in the program.
They’ll apply online from your computer and approvals are almost instantaneous. If the customer falls within acceptable risk parameters and can present proof of income at least double the sale amount they’re almost certain to be approved.
In lieu of interest your customer will pay a nominal “convenience fee” with each payment as follows: $5.00 per weekly payment (x 12 payments) or… $10.00 per bi-weekly payment (x 6 payments) or… $15.00 per monthly payment (x 3 payments)
And guess what happens to that money? Those funds go into your account too! That’s right, the convenience fee goes to you.
This offsets the 6.5% that we assess against the transaction for guaranteeing the payments, making the program practically free for you to use.
On a $1000 sale, for example, we charge you 6.5% or $65.00, plus 30¢ per payment. But then we deposit the $5, $10 or $15 convenience fee from each customer payment directly into your account. So your cost on a $1000 transaction is under $7. The next slide will put this in perspective.
Can you see why we call this a win-win for everyone?
On the smaller transactions you’ll actually add additional profit of as much as 10% by using this payment plan. Let’s take a closer look at some more examples.
Add $350 example sale here PAYMENT SCHEDULE / MERCHANT COST OF SALE PAYMENT FREQUENCY3 monthly 6 biweekly 12 weekly GUARANTEE FEE ($350.00 @ 6.5%)= 22.75 TRANSACTION FEE (30¢ per payment)3 @.30 =.906 @.30 = 1.8012 @.30 = 3.60 YOUR COST23.6524.5526.35 CONVENIENCE FEES (Paid to you)45.0060.00 YOUR FINAL COST$00.00 YOUR PROFIT$21.35$35.45$33.65 CUSTOMER FINAL COST $420.00$435.00 COST OF GOODS SOLD$350.00 CUSTOMER CONVENIENCE FEE MERCHANT FEES ONE TIME APPLICATION FEE 25.00 $60.00 ($5 / payment – paid weekly) 6.5% Guarantee Fee COST TO CUSTOMER$375.00 $60.00 ($10 / payment – paid biweekly) 30¢ Transaction Fee PLUS CONVENIENCE FEE $45.00 ($15 / payment – paid monthly) As you can see from this example, not only does the convenience fee offset your guarantee and transaction fees, you will actually make an additional 6% – 10% profit with the smaller sales! This one sale covers your maintenance fee for the month making it completely free to use. (Click to Advance)
Add $350 example sale here PAYMENT SCHEDULE / MERCHANT COST OF SALE PAYMENT FREQUENCY3 monthly 6 biweekly 12 weekly GUARANTEE FEE ($750.00 @ 6.5%)= 48.75 TRANSACTION FEE (30¢ per payment)3 @.30 =.906 @.30 = 1.8012 @.30 = 3.60 YOUR COST49.6550.5552.35 CONVENIENCE FEES (Paid to you)45.0060.00 YOUR FINAL COST$4.65$00.00 YOUR PROFIT$00.00$9.45$7.65 CUSTOMER FINAL COST $820.00$835.00 COST OF GOODS SOLD$750.00 CUSTOMER CONVENIENCE FEE MERCHANT FEES ONE TIME APPLICATION FEE 25.00 $60.00 ($5 / payment – paid weekly) 6.5% Guarantee Fee COST TO CUSTOMER$775.00 $60.00 ($10 / payment – paid biweekly) 30¢ Transaction Fee PLUS CONVENIENCE FEE $45.00 ($15 / payment – paid monthly) Again, the convenience fee offsets your guarantee and transaction fees, allowing you to make a small profit. Is this starting to make sense to you yet? (Click to Advance)
Add $350 example sale here PAYMENT SCHEDULE / MERCHANT COST OF SALE PAYMENT FREQUENCY3 monthly 6 biweekly 12 weekly GUARANTEE FEE ($1000.00 @ 6.5%)= 65.00 TRANSACTION FEE (30¢ per payment)3 @.30 =.906 @.30 = 1.8012 @.30 = 3.60 YOUR COST65.9066.8068.60 CONVENIENCE FEES (Paid to you)45.0060.00 YOUR FINAL COST$20.90$6.80$8.60 CUSTOMER FINAL COST $1070.00$1085.00 COST OF GOODS SOLD$1000.00 CUSTOMER CONVENIENCE FEE MERCHANT FEES ONE TIME APPLICATION FEE 25.00 $60.00 ($5 / payment – paid weekly) 6.5% Guarantee Fee COST TO CUSTOMER$1025.00 $60.00 ($10 / payment – paid biweekly) 30¢ Transaction Fee PLUS CONVENIENCE FEE $45.00 ($15 / payment – paid monthly) What else is there to say, really? Calculate your costs with conventional bank financing. This is a no-brainer, especially considering your primary lender didn’t want this customer! (Click to Advance) What is it costing you not to have this program available to the consumers in your community?
Gives them the opportunity to qualify for up to $2000.00 in purchasing power today and take 90 days to pay, so they don’t have to wait for, or do without what they want or need.
No credit checks and no interest is charged. Qualifying is simple and approval is immediate.
They’ll save money by using their credit cards less. Frees up their cards for more crucial purchases. Additional payment options and purchasing choices.
They can purchase the higher quality they want instead of settling for what they can afford. Not reported to the Credit Bureaus so it won’t affect their credit report.
Defines yours as the go-to business within your industry and in your area with an easy payment plan more customers will qualify for.
Attracts those additional customers who cannot qualify for, or don’t want to pay by traditional methods.
Gives you a great way to up-sell by putting your higher quality of products and services within reach of those who would upgrade if they could.
Increase traffic, sales and profits by advertising No Interest – No Credit Check payments. No equipment to buy or lease – just a computer with Internet and a fax machine.
Easy, hassle-free setup with no software to download. No embarrassing, intrusive credit check or scoring on you or your customer.
Easy application and fast approvals – instantaneous in most cases. Great referrals and repeat business from satisfied customers.
You’re not going to believe how fast and easy it is to get your customers approved with the VIP Payment Program.
Step 1 Log in with your username and password and fill in the Application Form. Step 2 Click submit and get a PASS or FAIL in seconds Step 3 Select payment method for application fee and print the form for customer signature Step 4 Select payment start date and fax documents to GMS office
Simply go to the secure online V.I.P. application screen and log in with your username and password. Step 1
Enter the customers name, address, birth date, social security number, phone number and email address and click Step 2
Picture Layout Next, enter their Bank Account information, choose a payment frequency (weekly, bi- weekly or monthly), and enter the total payment amount. Click submit once more and … Step 3
The customer chooses a payment method for the $25 application fee. Print the Authorization Form for their signature, choose a start date for the first payment, get it signed and faxed into our office with a voided check. Step 4
You can now send them home with the goods or services they came for knowing their payments will show up in your account as agreed – guaranteed!
A better question might be “What is it costing you not to make the V.I.P option available to your customers!” Remember the “Credit Score Poor?”
They can afford the payments if you can get them approved. How much business are you turning away every day instead of inviting them in and giving them a way to pay that they can qualify for?
People aren’t going to come in asking for special payment terms. But think about what might happen if you put a banner out front that read…
The entry fee into this program is an investment in the future of your business. It’s time to set yourself apart from the competition.
Is there anything more important to your business than bringing in more traffic and closing more sales?
If we could solve that problem and bring in the increased sales you would be satisfied with, would you give those customers 90 days to pay if we managed the entire process and guaranteed the money into your account on time?
And if you were totally convinced we could solve this problem for you, and that it would cost you nothing to use, and even pay you additional profit, can you think of one good reason that you would not start offering this program today?
Your investment is $495.00 per location for a one year membership in the V.I.P. Payment Program. You only pay this once. Annual renewal is automatic and FREE.
You have to know that $495.00 is a bargain considering what the V.I.P. program can do for your business. Just a few sales that you otherwise would not have gotten will pay the entry fee, then you’re in for life.
Your account is assessed a guarantee fee of 6.5% of every payment, $20.00 monthly to maintain access to our system online, and a transaction fee of just 30¢ per payment.
If you follow the program guidelines on collecting the convenience fees If you maintain at least one customer transaction per month in the program
We’re so confident you’ll be successful with the V.I.P. Payment Program we’re willing to assume most of your risk by giving you a 90 day Iron-clad, money back 100% Satisfaction Guarantee.
Sign up now and we’ll throw in our NSF check recovery service free of charge. Our Check Recovery service allows you to focus on new business while eliminating the resources, worry and costs involved with collecting NSF checks.
No more visits to the bank or chasing down bad check writers. With the NSF Check Recovery Program, when a customer's check bounces we will re-present it to the bank up to two more times electronically.
We have a very high success rate at recovering NSF checks using this method, and we won’t take a portion of the check or charge you anything at all for this service! It’s FREE to you as a V.I.P. client.
You will be seen as the Most Valuable Player in your market when you show you care about the people in your community by offering them a way to purchase the goods and services they want or need.
No need to cut your price or give away the store to beat your competition to the punch. If you can offer a payment option that they cannot, you’ll be the only game in town. The competition will be invisible to these buyers …
Weekly 1. How many “would-be” customers get turned down after applying?4 2. How many times a week do customers leave after hearing the price?5 3. How many “give me an estimate” calls do you get each week?3 4. How many customers would buy if you offered a no interest payment plan?3 5. How many customers could you “up-sell” if you could offer extra time to pay?2 6. How many more people might come in if they saw a no credit check sign?3 Other ? Total Potential Missing Customers per Week 20 Average Ticket or Transaction Amount $ 1,500.00 Multiplied By Number Of Missing Customers $ 30,000.00 Potential per Week add’l revenue Potential Annual Revenue $ 1,560,000.00Per WEEK If 85% Could be Sold $ 1,326,000.00 $25,500 If 70% Could be Sold $ 1,092,000.00 $21,000 If 50% Could be Sold $ 780,000.00 $15,000 Click When Ready to Advance Slide
The V.I.P. Payment Program is sweeping the country and changing the economic landscape in every market with it’s No Interest – No Credit Check payment plan that nearly every applicant will qualify for.
Those business owners that implement the V.I.P. Payment Program know that it increases traffic, sales and profits like nothing else can, and these sales are almost always at full retail price!
These customers are so relieved to have found a way to buy what they want or need, they’re less inclined to haggle over the price. So, these tend to be the most profitable sales for our clients.
This isn’t about us – it’s about and yr business. It’s about helping yr business stand apart among yr competitors within yr community where you will be the clear leader that takes a pro-active approach to a common problem your neighbors face – helping them get the goods and services they want and need by eliminating credit scores and interest rates from the equation. In the end, the clear winners will This isn’t about us – it’s about you and your business. It’s about helping your business stand apart among your competitors within your community where you will be the clear leader that takes a pro-active approach to a common problem your neighbors face – helping them get the goods and services they want and need by eliminating credit scores and interest rates from the equation. In the end, the clear winners will be your customers. The key word being " yr!" be your customers. The key word being " your!"
vippaymentplan.com What we’re offering here is to put you in the game today, using proven methods that get results, with the deck stacked in your favor.
vippaymentplan.com We’ve done all the leg work – the clients who came before you were your test market, and your recent “credit declined” files are your first customers.
vippaymentplan.com The gambling has been largely removed from the equation with our 90 day Satisfaction Guarantee, and you have to agree a $495.00 one-time buy-in is a bargain for what we bring to the table.
vippaymentplan.com Most of our clients when asked, said they would have paid much more to join us if they had known then what they know now about our results, which are nothing short of miraculous!
If you’re ready to start meeting some of those credit challenged customers, contact the Enrollment Agent that shared the V.I.P. Payment Program with you, or fill out the form on our website at: vippaymentplan.com. Make the move of a champion today by demonstrating your commitment to do what is necessary to enable a larger base of consumers to become buyers, and you will be the MVP in your marketplace! vippaymentplan.com