A growing trend in consumer purchasing is buy now, pay later.
This last week, it jumped 78%.
This is because the consumer is stretched as high inflation continues making it harder to pay for things they want.
And the average credit card interest rate is 22.4% as more are unable to pay off their balances.
63% of consumers can’t handle a $500 emergency without going into debt.
This means providing:
- Great guarantee
- Free shipping
- Increased perceived value
- Offer incentives
If you want to learn more about how to effectively market to your prospect through inflation, please do not hesitate to give us a call at 615-933-4647 or email Craig at [email protected]
