5 Ways to Sell Your Products online or in-store |
1.
Cash-Sale Method – In this method the
customer orders the goods or services he or she needs and pays for them in cash
on time of purchase. If payment is made on time of purchase that is Cash Sale Method. For online business this happens
when you are buying downloadable properties like games, music, program etc.
When you pay via debit card or via bank electronic bank transfers.
2.
Cash-Deliver-Sale
Method – In this scenario the customer orders and pays the goods or
services he needs and the seller deliveries the goods/service to the customer’s
address or to another person per instruction of the customer. This is the common
thing that happened to online stores or online business when you are buying your items over the internet. The store will
charge your debit card or direct to your bank account, then later process your
good for delivery. This is called Cash Deliver Sale Method.
3.
Cash-on-Delivery
Method– The customer orders the goods and pays for them upon delivery. Some
online stores would offer this kind of service especially if they deliver instantly.
Examples of these are restaurants and pizza houses. You place your order online
or via phone then pay for your food when it’s delivered. This is called Cash
on Delivery method.
4.
Credit-Sales – In this situation the
customer orders the goods and agrees to pay the amount on a date agreed upon by
the customer and the seller. Credit
Sales are granted to customers upon fulfilling some requirements. The
amount of credit granted to the customer will depend on the customer’s capacity
to pay otherwise known as credit line. This is the famous system used for online
business where shops will agree to accept credit cards. Since the payment is deferred
customers that are short in cash would be willing to avail sale on credit. This
makes this method very popular, but if store will not make a good credit system
it can sometimes results to misunderstanding between the seller and the buyer.
To some extent, it results to bankruptcy of the store.
5.
Layaway Method
– This is more of a financing option for customers that most business would
offer. Simply put the store would let customers reserved an item, and give them
an option to pay for it on installment basis. Once the amount is fully paid the
customer can take the product home. Some online stores like Sears and Kmart would allow Layaway application online.
Further Reading:
To learn more on store layout and design read: Six Important Factors of Store Design
Further Reading:
To learn more on store layout and design read: Six Important Factors of Store Design
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