{"id":36734,"date":"2023-12-18T09:00:11","date_gmt":"2023-12-18T09:00:11","guid":{"rendered":"https:\/\/www.zopa.com\/retail-finance\/retailer-articles\/retail-finance-for-business-tips\/"},"modified":"2025-03-03T09:49:25","modified_gmt":"2025-03-03T09:49:25","slug":"retail-finance-for-business-tips","status":"publish","type":"post","link":"https:\/\/www.zopa.com\/retail-finance\/blogs\/retail-finance-for-business-tips\/","title":{"rendered":"Buying Retail Finance &#8211; Steps to take once you&#8217;re onboarded"},"content":{"rendered":"<p>Offering retail finance is an excellent way to boost sales and win business from competitors. <a href=\"https:\/\/dividebuy.co.uk\/retailers\/retailer-articles\/retail-finance-choose-a-provider\/\">Choosing the right provider<\/a> for your business is the first important step in this journey.<\/p>\n<p>&nbsp;<\/p>\n<p>The second stage is <a href=\"https:\/\/dividebuy.co.uk\/retailers\/retailer-articles\/retail-finance-onboarding\/\">your onboarding process<\/a>, where you and your provider can iron out any potential issues to ensure your solution goes live without a hitch.<\/p>\n<p>&nbsp;<\/p>\n<p>But it doesn&#8217;t stop there. The post-onboarding stage is a good opportunity to capitalise further on your finance solution. Here are some important steps to take to set you up for continued success.<\/p>\n<p>&nbsp;<\/p>\n<h3><b><span data-contrast=\"auto\">1. Ask for training<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Whether your retail finance solution is available online, instore or both, you and your sales team need to know how to sell it. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Your finance provider should be able to offer you training and support around:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; How to sell finance to customers\u00a0 <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Signposting your credit solution online and instore <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Using any tools and dashboards associated with the product<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Upselling to customers responsibly\u00a0 <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><b><span data-contrast=\"auto\">2. Get Financial Promotions guidance <\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Depending on the finance solution you choose, it may be regulated or unregulated. Either way, there are strict guidelines around promoting retail finance to customers. The last thing you want is to unintentionally mislead customers with unclear advertising. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Find a finance provider like DivideBuy who can offer you:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Guidance around Financial Promotions <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Financial Promotions training for you and your team <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Digital and printable assets that comply with Financial Promotions guidance for advertising purposes <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">This will ensure you are safely and responsibly promoting your finance solution, protecting you, your team and your customers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><b><span data-contrast=\"auto\">3. Ask for marketing support <\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Letting customers know that you\u2019re offering retail finance is an excellent way to drive traffic away from your competitors. When you do well, so does your finance provider &#8211; meaning it\u2019s in their interest to help you spread the word. How can they do this? <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">As a blueprint, here\u2019s some of the marketing support we offer at DivideBuy:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Seasonal campaigns and blog features <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Dedicated landing pages and retailer shopping directory <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><br \/>\n&#8211; Social media posts and promotions <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">&#8211; Content collaborations and Success Stories <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Whatever provider you choose, make sure they\u2019re proactively helping you make the most of your finance solution.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><b><span data-contrast=\"auto\">3. Review performance<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Reporting and analysis is a pain point for many merchants when it comes to retail finance providers. Account reviews should consist of more than just the numbers.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">You should be able to clearly link performance data with root causes, and get actionable suggestions from your account manager on how to capitalise on opportunities (or prevent an issue). <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">You should ideally get quarterly business reports from your retail finance provider. But as mentioned earlier, they should also give you access to your own real-time finance data, so you can keep tabs on how your finance solution is performing on a regular basis. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h3><b><span data-contrast=\"auto\">In conclusion<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Choosing a retail finance lender that will meet your needs doesn\u2019t need to be a daunting process. By following this practical guide, you can make informed decisions that align with your business goals. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>If you&#8217;ve yet to choose a retail finance provider, <a href=\"https:\/\/dividebuy.co.uk\/retailers\/retailer-articles\/retail-finance-choose-a-provider\/\">visit our guide on the subject<\/a>. Or for tips on pre-onboarding questions to ask, <a href=\"https:\/\/dividebuy.co.uk\/retailers\/retailer-articles\/retail-finance-onboarding\/\">read our practical checklist<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>Want the whole guide? <a href=\"https:\/\/dividebuy.co.uk\/resources\/buyers-guide-to-retail-finance\/\">Get it here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Want to know how to make the most of your retail finance solution? Read our expert tips on working with your provider to boost sales and keep the momentum going!<\/p>\n","protected":false},"author":5,"featured_media":36735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-36734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dividebuy-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buying Retail Finance - Steps to take once you&#039;re onboarded - Zopa Finance<\/title>\n<meta name=\"description\" content=\"Want to know how to make the most of your retail finance solution? 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