How To Collect Bigger Deposits

Collect bigger deposits: Cashflow is King

Big mistake photo booth owners make is defaulting to collecting very small deposits, because of fear that they will lose the client. 10%, 20% 100 bucks... these are all common. This leads to a "clients rich" BUT "cash poor" business that is killing your growth. Not cool... let me prove it to you.

Why is this BAD:

When your upfront cash collection is low your business growth is slow. You don't have enough to put back into marketing, scale ads, buy more equipment, invest into creating a better customer experience etc... you are stuck in a slow growth. A business that collects more upfront will aways outpace those that don't.

How to collect MORE: value stacking

When on the phone with a prospect, instead of defaulting to a deposit, state your full price first. Add this: "If you pay in full, we will also include BONUS 1, BONUS 2, BONUS 3 for free and add a 10% discount".

This will not only get most people to pay you in full but will get more people to buy from you because they will perceive your offer as a deal.

The Result: you collect more upfront and your business grows faster. Deploy & enjoy.

P.S. * Photo Booth Owners only * if you want a personalized game plan to scale your photo booth business?

You can schedule a complimentary Strategy Call with our team here.

Big players collect big deposits,

Svet | Co-Founder (Photo Booth Masters)

PS: your face when you learn something 99% of your competitors do not know