If it sounds too good to be true, then you'd better read on to find out how taking subscriptions could be the best move your business ever makes...
Getting paid in full before term starts sounds too good to be true, right?! Not really… Did you know that ClassForKids has an awesome subscription payment option for taking your class fees? It’s a bit like a direct debit for your club, and it’s our fastest growing feature. Here’s how it works:
Taking Care of The Basics
Getting started with subscriptions is as simple as:
- Split your parents’ annual class fees into 12 affordable monthly payments;
- Parents only need to pop in their card details once, and the payment comes out on the 1st of every month automatically - no chase required;
- Automated email chase for any failed payments (sometimes people’s cards expire and they forget to update them) - we’ve got you covered;
- Cancellations can only be actioned by clubs meaning you’re in full control;
- Simply use ‘covering payments’ to add any extra sessions not covered by the payment (if a parent joins mid-month);
- Enjoy predictable and regular cashflow, even during the holidays!
What Are the Benefits of Subscriptions?
For Parents
1) It’s the ultimate convenience, parents book and set-up their payment details once only. Sounds easy right?
2) It’s a more affordable and familiar way to pay, just like they’d do with Netflix and Spotify
For Clubs
1) Guaranteed cash flow every month - what’s not to love about that?!
2) Complete control over finances and cancellations meaning you’re always on the ball with your money.
3) Less time chasing payments = more time planning your amazing classes!
Would subscriptions work for your club?
Not sure if you should use a subscriptions model for your business? If you can answer ‘YES’ to any of the following, then you should get in touch:
- You want to take 100% of payments online before term begins
- Your parents would benefit from a more convenient and affordable way to pay for classes
- You run most of the year e.g. 40 out of 52 weeks per year
- Children typically attend your club for 3 months or more
So what are your next steps?
If you’d like to know more, why not get in touch for a chat? No commitment required. We’re happy to provide:
1) An overview of the feature, how it works, and how it might fit for your business
2) A training call with one of our expert product coaches to guide you through setting up subscriptions on your system
3) An easy to read template to send to parents to explain the new way to pay with simple instructions to follow!