09-06-2012, 12:01 AM | #13 (permalink) |
Join Date: Sep 5 2012 Location: Arizona
Posts: 3
Rep Power: 0 | Re: WOW WOW WOW, IS ALL I CAN SAY!!!!! Thanks everyone, This may be a topic for a new thread, but it sticks with the revenue generation theme so here goes, EFT's, I want to hear everyone's thought on their process. We have a strong EFT program that produces monthly revenue sufficient to cover rent and utilities. We offer three price point levels with "non-EFT" equivelent packages at near double the price to show the value of the EFT plan. For example our level 1 EFT are 100w Cobra beds (all my beds are UWE) offered at $22.50 / month with the 1 month standard option for the same bed level priced at $49.00 / month. Level 2 EFT are a Montego Bay V-56 Stand-up and a Lotus for $49.50 / month the 1 month standard option for the stand-up is $79 and the Lotus is $99. the level 3 EFT beds are the Cayenne & Silver Bullet offered at $66.50 / month with the 1 month standard option offered at $120. We charge a one time activation fee of $50 partially to weed out the "single month bargin hunters" and keep them in the higher cost monthly package. A few times a year we promote half price or no activation fee to build up more EFT revenue, most of these end up cancelling after a few months. I wonder if we did away with all activation fees if my EFT base would continue to grow or if I would just be trading my higher priced monthly packges for the lower priced EFT options and loose or wash out. Anyone out there promoting EFT's without activation or set-up fee's? Also we don't do contracts, just require a 30 day cancellation notice so there is always one final charge when cancelling, What's working or not working for you? |
09-06-2012, 11:14 AM | #16 (permalink) |
Team TanTalk Join Date: Jul 13 2004 Location: Menomonie, Wi. Age: 82
Posts: 3,145
Rep Power: 22 | Re: WOW WOW WOW, IS ALL I CAN SAY!!!!! As the college goes, so goes our business. Just talked to the wife to see how we did in sales yesterday. Would U believe, we have almost as much sales in 5 days as we had in the whole month of August. I am truly astounded. We just love these kids. |
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