As a business owner, you know the importance of maintaining a steady flow of revenue. While there are many ways to increase sales, one strategy that often gets overlooked is implementing a preferred vendor leasing program. A preferred vendor leasing program can be a powerful tool to boost your sales, strengthen your relationships with customers, and increase your revenue. Here’s how.
It is easy to get started with the First Capital leasing Preferred Vendor Program.
Fill out our Vendor Partner application here.
The Vendor Leasing Advantage
What is a Preferred Vendor Leasing Program?
A preferred vendor leasing program is a program where a leasing company works with a business to provide financing options to its customers. This allows customers to lease equipment or services from the business, while the leasing company handles the financing. The program benefits both the business and the customer, as the business gains more customers and the customer gains access to financing options they might not have had otherwise.
Benefits of a Preferred Vendor Leasing Program
- Increased Sales
One of the primary benefits of a preferred vendor leasing program is increased sales. By offering financing options, businesses can attract more customers who might not have been able to afford their products or services otherwise. Additionally, customers who are able to lease products or services are more likely to make larger purchases, which can increase the overall revenue of the business. - Improved Customer Loyalty
A preferred vendor leasing program can also improve customer loyalty. By offering financing options, businesses are providing their customers with a convenient way to access the products or services they need. This can increase customer satisfaction and make them more likely to return to the business for future purchases. - Stronger Relationships with Customers
Implementing a preferred vendor leasing program can also help businesses build stronger relationships with their customers. By working with a leasing company, businesses are able to provide their customers with additional value and support. This can lead to a more positive perception of the business and encourage customers to recommend the business to others. - Reduced Risk
Finally, a preferred vendor leasing program can help businesses reduce risk. By working with a leasing company, businesses are able to transfer the risk of non-payment to the leasing company. This can help businesses avoid the financial risks associated with non-payment and allow them to focus on their core business operations.
How to Implement a Preferred Vendor Leasing Program
Implementing a preferred vendor leasing program can seem daunting, but it doesn’t have to be. Here are some steps businesses can take to get started:
- Find a Leasing Partner
The first step to implementing a preferred vendor leasing program is finding a leasing partner. Look for a leasing company that has experience working with businesses in your industry and has a reputation for providing quality service. - Define Program Parameters
Once you’ve found a leasing partner, you’ll need to define the parameters of the program. This includes things like the financing terms, the types of products or services that can be leased, and the credit requirements for customers. - Train Your Staff
It’s important to train your staff on the details of the program so they can answer customer questions and promote the program effectively. Make sure everyone understands the financing terms and how to handle customer inquiries. - Promote the Program
Finally, promote the program to your customers. Let them know about the financing options available to them and how the program can benefit them. Use marketing materials like flyers and emails to spread the word.
Your Preferred Vendor Leasing Partner: First Capital Leasing
Implementing a preferred vendor leasing program can be a powerful tool for businesses looking to increase sales and build stronger relationships with their customers. By offering financing options, businesses can attract more customers and provide additional value to their existing customers. If you’re considering implementing a preferred vendor leasing program, take the time to find a leasing partner that can help you define the program parameters and train your staff. With the right approach, a preferred vendor leasing program can be a valuable asset for your business.
Help your business thrive by partnering with First Capital Leasing. Our preferred vendor program can help eliminate financial barriers while driving sales and generating profits. Our team will work with you to assess your company goals and how equipment leasing and vendor financing can be optimized to suit your business. Our equipment leasing experts will help you develop a vendor financing plan that will make your equipment affordable to your client base while also ensuring you have adequate cash flow. To join the vendor loyalty program and start offering financing to clients through a vendor leasing program, call First Capital Leasing at 1-888-251-3644 or fill out the online contact form.
FAQ
Q: How can my clients apply for loans and leasing through your Vendor Loyalty Program?
A: First Capital Leasing will manage the paperwork, including providing your clients with customized loans and leasing applications that fit your business’ needs and timeline.
Q: How do I apply?
A: We have an easy-to-navigate application process. Apply Here. And once you have applied, there is no need to apply again as we keep you on record and we will continue to partner with you for all your business financing needs.
Q: If my company is not based in Calgary or Alberta can I still use First Capital for equipment leasing?
A: Yes, while First Capital is based out of Calgary, our commercial leasing services are not limited to Calgary or Alberta.