3 Ways Automatic Tuition Payments Boost Your Bottom Line

If you’re taking tuition payments over the counter, you’re losing PROFIT.

tuition payments over the counter

First, you might not realize it, but if you’re payments are due
on the 1st and a member hasn’t made their payment
on the due date, they hesitate coming to class if they’re
not yet prepared to pay

However, if their payments are automatic and there’s no decision
to be made, the student continues to show up for class.

Wait, why is that a big deal?

Well, one of the biggest challenges for beginners is building
the habit of showing up for class.  Beginners aren’t just students, but parents, and other supporters of your students.  So, if a student doesn’t come to class, even one time, because they were supposed to pay and haven’t, the slippery slope of breaking the habit of attending class has begun.

Second, automatic payments are simply convenient.

The people that CAN afford to pay your tuition don’t want the hassle of keeping up with due dates, writing checks, the possibility of late fees, etc.

These are all points of  friction in life and it’s one thing that people will avoid at all costs is FRICTION.

Third, regardless of commitment, if a decision has to be made each and every month to pay tuition, there’s a chance the decision will be NO.

How can this be?

Well, perhaps, little Joey didn’t want to come to class.  Maybe mom
is having a bad day and just doesn’t need the hassle any more.
All of the sudden your program is simply a complication,
once removed, makes someones day easier.

As you think deeper about the benefits of automating your
payments vs taking payment over the counter, you will
clearly see more and more benefits to STOP taking payments
over the counter.

About The Author

Scott Dolloff

Scott is the founder and CEO of RainMaker Membership Systems. Scott will teach you how to adapt your mindset to maximize your results and get things done so you have more freedom, your way.

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