This business has evolved like any other. Any business with the residual and income opportunity of merchant services is going to attract competition. This business is not "easy". Actually I don't know to many that are. The key to dealing with merchants is to provide VALUE, to lead with a product or service that gives them a benefit,sometimes it's not credit card process, but you pick up the credit card processing at the end of the sale. You can also sell on the phone and internet, many options.
reps may not last long due to "oversaturation." & it's not easy finding new customers, who probably say "no" to next new rep because they heard 2 many alternatives. "busines owners" may tell management to turn reps away when they offer anything new. good message, but harder than it sounds. plus, it's expensive paying travel costs, phone bills, & time wasted, just to hear "no." how many people have that much patience? very few. most will drop out of fear of wasting their precious time & money.
This business has evolved like any other. Any business with the residual and income opportunity of merchant services is going to attract competition. This business is not "easy". Actually I don't know to many that are. The key to dealing with merchants is to provide VALUE, to lead with a product or service that gives them a benefit,sometimes it's not credit card process, but you pick up the credit card processing at the end of the sale. You can also sell on the phone and internet, many options.
Bankcardbootcamp 1 month ago
reps may not last long due to "oversaturation." & it's not easy finding new customers, who probably say "no" to next new rep because they heard 2 many alternatives. "busines owners" may tell management to turn reps away when they offer anything new. good message, but harder than it sounds. plus, it's expensive paying travel costs, phone bills, & time wasted, just to hear "no." how many people have that much patience? very few. most will drop out of fear of wasting their precious time & money.
goohber1 1 month ago