Learn ways to help your business succeed by improving cash flow, reaching new customers, and driving seasonal sales
In the countdown to your peak selling season, attracting and keeping customers is essential. Here are a few tips for helping to expand your customer base.
Plan your seasonal marketing strategy.
Creating seasonal marketing content and promotions is an important way to drive sales. You can optimise your online content with keywords that are specific to your season and business; an effective Search Engine Optimisation (SEO) strategy will help. Personalising your communications, discounts, and product recommendations is another way to build loyalty and drive sales. See more ways to capture customers’ attention with online marketing.
Consider an all-in-one payment solution like PayPal Checkout.
With PayPal Checkout, you can let customers pay using their PayPal balance, debit or credit card, BNPL options like PayPal Pay Later, and alternative payment methods — all through a single integration. With this simple, streamlined solution, you and your customers can rest assured your transactions are monitored by one of the world’s most trusted brands.
Expand your seasonal business to new channels.
Although many customers know you can use the PayPal app for peer-to-peer payments, they may not know you can use it for purchases. Selling on social media is another prime opportunity. It makes seasonal marketing easy — you can create and share your listing in minutes.
Sell seasonal products wherever you do business with Zettle by PayPal.
Take this portable, point-of-sale terminal with you from your store to the farmer’s market. The PayPal Zettle app is built in, so there’s no smartphone or tablet required to take payments for seasonal merchandise on the go.
Cash flow issues happen to businesses large and small. Here are some ways you can help avoid the crunch when you’re at your busiest.
Budget for your busy season.
Create a budget using past years as a benchmark. First, combine your income sources. Then, add up your fixed and variable expenses. Finally, subtract your expenses from your income to track business performance. You can use this data to minimise expenses or maximise revenue as needed.
Offer pay later options.
By offering pay later options, you can help drive revenue and help your cash flow, too. The best part? You get paid up front while your customers can pay in instalments. Offer PayPal Pay in 31 today — a simple way to help drive cart size and conversion at no additional cost to you.
Get paid fast by switching to digital invoicing.
Drive cash flow by getting paid quickly using electronic invoicing. PayPal Invoicing simplifies invoice management by giving you the tools to create, send, and track invoices, and customers can pay you in minutes even if they don’t use PayPal. By scheduling recurring invoices and automatic past-due notices, you’ll simplify your to-do list, too.
From inventory to shipping, here are a few ways you can help optimize operations and save yourself time when it’s at a premium.
Tackle supply chain issues early.
Help prevent supply chain issues during your peak season by taking stock of seasonal inventory now. Create a backup plan for suppliers in case delays arise with your usual source. And keep customers updated early and often about limited seasonal merchandise, too.
Follow shipping best practices.
Choose shipping with online tracking so you’ll know when seasonal products were shipped and delivered. Consider adding shipping insurance, which may cover an item if it’s lost or damaged, while also providing tracking and delivery details. Explore shipping with PayPal.
It’s easy to leave account updates until the last minute. But missing or out-of-date account information can have tax implications, or even lead to limitations on sending and receiving funds. Help prevent those headaches in the future by logging in to your PayPal account now.
Look for alerts.
In some instances, when action is needed, you’ll see an alert on your account dashboard after login.
Check your business info.
Make sure your Business Registration Number, business website, and other details are up to date. This can help you avoid hassle when your seasonal business is at its peak.
Update your password.
This simple step can help you prevent issues like fraud and theft when you’re busy making sales.
Ready for go time? Jump start your busy season with PayPal Checkout.
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