Retail Finance – Key to Business Growth

Retail finance can be seen as that magical stick with the help of which a business owner can not only increase the number of footfalls in his business through an effective publicity medium; but also as a ladder which gives a shopkeeper the opportunity to reach for the skies. To explain in simple terms, retail financing is that option which a business owner makes available to the customer at the point of sales when the customer runs out of cash but still requires a product or a service.  

For a customer in such a situation, there are only two possible alternatives – either make arrangement for credit or forego the product. But when a business makes available the option of credit to the customer on the basis of some installments, a third way emerges. This makes it possible for the customer to buy the product after the payment of a partial amount of the money, but not worry about the entire credit immediately; which is then deducted on a monthly basis. This is a win-win situation for both parties, especially for the shop owner providing him with a greater impetus for business growth. 

The reason lies in the fact that the consumer gets the products that he desires with a monthly installment scheme that does not give him much of a pocket pinch; but rather, makes him see the business with a favorable eye. A condition; which he then shares with people around him, which in turn leads to more footfalls and ultimately higher profits for the company. 

But the thing to be kept in mind is that the factors involved in retail finance follow the waterfall or the dominos effect; and so it is imperative to play all your business cards cautiously.

To know more about retail finance options, visit: http://www.atlanticus.com

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Advantages and Disadvantages of Credit Card

Credit Cards should probably be renamed as the modern day fairy godmother’s magic wand. The way in which they work is simple. It allows an individual to pay in advance for goods and services that he purchases on the behalf of a promise that an individual shall pay back for them later. This system is convenient and effortless, but only if used judiciously. Lets us have a look how:

• They are convenient as one does not have to be bothered about carrying cash around everywhere. But then, since we carry them all the time, they tend to become victims of overuse thereby landing the cardholder in trouble. 

• Credit cards can be expert expense trackers. As all the payment is made through thecard, a copy of the receipt is given to the cardholder which means he can clearly make out what cost him how much. But this maintenance would mean storing up of all receipts for a period of time and that can involve too much paperwork.

• These cards are instant cash solutions as with one in your pocket, credit is never too far from you. The fee for this convenience is usually a 2-4% tax or interest charge that would not have been levied in case of cash payment.

• The perks of having a credit card cannot be denied – frequent flier miles, automobile discounts, incentive programs etc are just some examples. But as they say, there are no free lunches. So with the perks come high interest rates, annual fees and many more such charges. 

To know more about how beneficial or harmful a credit card may be for you, visit: http://www.atlanticus.com

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