PSA — Sales revenue means nothing if you're pouring it into a leaky bucket.
In our business, we have between $2,000 and $5,000 a month in failed payments.
Lost revenue due to failed payments is a BIG deal in our industry; it's an not-often-spoken-about elephant on the online business room. Side note: I covered this in more detail back in this episode here.
The good news, though? Most of it can be recouped.
In this podcast, I show you how.
PS We HAND you this FULL process, along with the SOP, Email Automation Templates, Email Copy Templates and accompanying instructions, inside of Deliver and Delight in the Lifestyle Business School membership, which drops into Lifestyle Business School this month.
Links and Resources Mentioned in Episode:
- Episode 200: Missed Payments, Payment Plan Defaults and Cash Flow Crunches.. Let’s Talk About It
- Free Failed Payment SOP: Get the exact Standard Operating Procedure template we used to recoup failed payments in our online business.
- BRAND New Deliver and Delight Course just added to Lifestyle Business School: Deliver and Delight is the FULL playbook for implementing stand out, streamlined delivery processes for any high or low touch course, program, coaching offer or mastermind. We hand you our done for you workflows, standard operating procedures and automations for the three phases of managing any online offer.
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