Yes, it's possible, but if you are offering a quality product you will come out ahead. Like stated before, most businesses will experience about a 5% return rate. A 0% return rate is probably not possible and may not be worth the additional effort.
Seriously.
Even if your product is fantastic, people will still misinterpret what you are selling, or just change their mind about it. And yes, some will try to cheat you, but this can be side-stepped to an extent by offering a limited time money back guarantee.
As a side note, if you don't put a time limit on your guarantee, you'll probably get quite a few refunds around the holidays. People need money to buy gifts after all. It happens.
In addition to setting a time limit on your money back guarantee, there are other ways to keep your return rate low. The most obvious is to offer a good product. If your product lives up to your customer's expectations and they feel it is a good value, they aren't going to return it. It's just that simple.
Now, imagine if your product is more than what your customer was expecting. You will really minimize your returns. Give away a bonus that you don't even advertise and that's it, your customers will be completely sold!
Like mentioned before, set a time limit on your refund. Between 30-days and 90-days is a standard, acceptable amount. The trick is to make sure to give your unadvertised bonuses during that time period. This is a great way to reduce the number of refunds you will experience.
Incredible customer service Another way to keep your customers happy is by simply checking up on them. Show them that you care. Most businesses rarely ever do anything like this, even though customers love it.
Drop them an email about a week or so after they purchased your product to make sure they received the package, or that they were able to sign up for your online course, or that they received the e-book.
Any of these suggestions will help put you over the top. Try them out on your next customer and see what happens!
Copyright ? 2005 by L A Parmley. All rights reserved.
First, contact your creditors when you realize you are unable to make your payments. If you need help preparing a budget and working out a payment plan, contact your local credit counseling service. To locate a credit counseling service near you, go to the National Foundation for Credit Counseling web site or call 800-388-2227.
Next, check your credit report. About one out of every four credit reports contains errors. You may dispute, at no charge, any items you believe are inaccurate. Each credit bureau usually has its own method for filing a dispute, so contact them for more information.
You should collect copies of any supporting documentation and send these with the form you submit. The credit bureau will investigate your dispute and delete or correct any information found to be inaccurate. You may request that a copy of your corrected credit report be sent to everyone who has requested your credit within the past six months.
If the dispute remains, you can file a written explanation that will be sent with your credit report whenever it is requested. You can also file a written explanation if there was a good reason that you could not pay your bills on time, such as unemployment or sudden illness.
Most negative information will only appear on your credit report for seven years.
However, there are a few exceptions:
Bankruptcy information can be reported for ten years.
Information about a lawsuit or judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.
Information reported because of an application for a job with a salary of more than $75,000 has no time limit.
Information reported because of an application for more than $150,000 worth of credit or life insurance has no time limit.
Continue to pay your bills promptly, and apply for credit only when absolutely necessary.
With your hard work, your credit will improve over time.
You just have to be diligent and set your mind to the task at hand. Yes, it will take time. You have to persevere and get yourself out of the mess you created.
Both L A Parmley & Lar are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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