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Consumer Caution: Understanding the Risks of Payment Plans in Online Business

Consumer Caution: Understanding the Risks of Payment Plans in Online Business

FromDuped: The Dark Side of Online Business


Consumer Caution: Understanding the Risks of Payment Plans in Online Business

FromDuped: The Dark Side of Online Business

ratings:
Length:
46 minutes
Released:
May 6, 2024
Format:
Podcast episode

Description

Have you ever bought something on a payment plan and quickly realized you’re unsatisfied, but there’s no way out? The fact is, not all payment plans are created equal. While they can be an excellent way to pay for something over time, the flip side is that they can also be weaponized by celebrity entrepreneurs and used to handle sales objections.  So, what risks should you, the consumer, know about before buying a course or program using a payment plan?  In this episode, we’re equipping you with the knowledge to make informed decisions about what you buy and how you pay for it.  We discuss: The pros and cons of payment plans. How payment plans can be weaponized to handle objections. How much is a reasonable markup on a payment plan? The possible pitfalls of extended payment plans. Why incentives for paying in full can be problematic. How third-party payment services can make payment plans more questionable. Questions to ask before you buy. For detailed show notes and links to everything mentioned in this episode, please visit duped.online. For more Duped, including monthly bonus episodes, join the Patreon.
Released:
May 6, 2024
Format:
Podcast episode

Titles in the series (51)

If you’ve ever felt like you’ve been duped by a celebrity entrepreneur or coach, or watched with wonderment as people do downright dirty things to grow their business online, this is the show for you. When it comes to starting and growing a business online, there’s no denying the appeal of a flexible, freedom-filled life where you can make more money than you ever imagined. But behind the glossy images on Instagram and big promises, there’s a dark side. In Duped, your hosts Dr. Michelle Mazur and Maggie Patterson do a deep dive into everything that’s wrong with the online business world. From scammy life coaches to sleazy sales practices to cult and MLM style tactics we talk about all of it. You’ll learn what to watch for as a consumer so you can protect yourself from falling prey to these tricks and tactics.