photo credit: crazytales562
Hereâ€™s a thought. If you are in the retail sector and youâ€™re concerned about dwindling sales, you may want to consider reviving a payment option we donâ€™t hear much about anymore â€” layaways.
In todayâ€™s economy, instant gratification that a customer receives from instantly purchasing a product or item isnâ€™t exactly always an option for everyone now. It may be time to bring back your layaway plan for your less fortunate customers who donâ€™t have the money or credit to buy everything now.
They can pick out there items and put them away in your facility and pay over time and then take their items home once they are all paid in full. There are different ways and time frames that you can put on your own layaway plan to ensure that items are not off the shelfâ€™s for a year or more.
There however are different tax stipulations and laws depending on your state. Before you implement your new layaway plan, make sure you check out your states law and tax stipulations before you begin offering your customers layaway.
What are your thoughts on layaway plans?