From the Web:
Millennials Finding Less Taste for Credit Cards
October 5, 2017
By: Steven Anderson, Payment Week Magazine
For
anyone who remembers 2008, it’s often remembered poorly. That year
featured a string of economic disasters to the point where people
actually lost houses over some of the problems that came around. The
younger millennials who grew up in that time frame, and witnessed these
problems first-hand, took one major point with them: avoid the credit
card. This development has some significant impact for retailers.
It’s not that millennials are afraid
to pull out the plastic, a report from Entrepreneur noted, but rather
that millennials prefer plastic backed by cash when it’s brought into
play. Millennials increasingly prefer debit cards and prepaid credit
cards to actual credit lines that need to be paid off later. Plus, as
much as millennials love mobile payment systems, there are also plenty
of them out there who stick to cash.
That would be a note of concern for
many retailers, except that there are some principles recommended to
help take advantage of the millennial resistance to credit cards.
Putting a greater emphasis on social connection is one point, along with
offering short-term financing. ...
Making a better customer experience can
go a long way toward keeping even gun-shy millennials buying. In the end, that’s mostly what it’s
all about. Make the best customer experience you can. Millennials love
experiences; we saw as much recently with the issue of quick-service
restaurants, and how a high-quality experience kept millennial diners
coming back. Building trust and offering the tools that millennials want
will also be a key point in keeping that business going.
Millennials are responsible for a lot
of spending right now, and they’re on track to be one of the
biggest-spending generations yet. Understanding what they want will be
the ultimate key toward merchants landing a piece of that spending pie.
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DW has all the tools that your merchant needs to fulfill his customers' desires, regardless of age-group!
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WHATEVER YOU DO, KEEP ON HELPING MERCHANTS!
The opportunity that is
Digital World, that of being an Agent who saves merchants money on a necessary cost of doing business in today's world, means that you can build for yourself and your loved ones a monthly income check that is practically unstoppable.
Just ask ONE OF THOSE DW Agents who just received their monthly residual check from a few merchants that they have and a few merchants of Agents in their team!
It's like compound interest (which this world doesn't have anymore EXCEPT in our biz): IT ADDS UP!
Mike and I have had a few rejections in this business: so we know what it feels like. But we urge you: KEEP ON CHECKING IN WITH YOUR
dwpinterface.com . Refresh your knowledge with a video or two. For example, check the
digitalworldmerchant.com site (get the direct link to your site through the 'links' section of your interface).
In this business more than any other we've ever seen, PERSISTENCE LEADS TO SUCCESS!
