Sewing machine retailers often seek out consumer financing programs because they recognize the need for affordable and accessible payment options for their customers. Retailers frequently find themselves running up against these sales-related obstacles:
- High Upfront Costs for Customers: Sewing machines, especially computerized or specialty models such as embroidery machines or quilting machines, can range from $300 to over $5,000, making them a substantial investment for retail shoppers. Many customers hesitate or abandon their purchases due to sticker shock.
- Abandoned Carts and Low Conversion Rates: Your customers may research and add sewing machines to their cart only to leave without purchasing because they can’t afford the upfront cost. Brick-and-mortar retailers face the same problem: shoppers come in, evaluate inventories, are overwhelmed by high prices, and then leave.
- Seasonal or Irregular Sales Cycles : Sales can be inconsistent depending on holidays or seasonal spikes, making all-important cash flow unpredictable.
- Limited Customer Demographics: Quality sewing machines require a significant financial investment. These high prices narrow your customer base to those with disposable income, excluding hobbyists, students, or aspiring entrepreneurs with limited funds.
- Inventory Turnover Challenges: Slow-moving, high-ticket inventory ties up capital and showroom space, inhibiting sales and the growth that accompanies them.
Sewing machine retailers and associated businesses need solutions to these all-too-common sales pain points. Offering affordable, flexible consumer financing answers these issues with accessible payment plans that empower customers and increase sewing machine sales. Partnering with the right consumer financing company is crucial to both your immediate and long-term success. If your sewing machine shop sells high-end units from brands such as Husqvarna, Bernina, Janome, Elna or Brother – you need consumer financing from United Consumer Financial Services!
Benefits of Offering Consumer Financing for Sewing Machine Sales
United Consumer Financial Services is the authority on consumer financing for businesses like yours. Below we highlight just a few of the many benefits our clients enjoy from partnering with us to provide low monthly payment plans tailored to their customers.
Increase Affordability for More Shoppers
Sewing machines can cost anywhere from hundreds to thousands of dollars. The upfront cost of a new machine poses a significant barrier to purchase. Budget-conscious shoppers, those without lump sum cash, or individuals who choose not to charge their equipment to a high-interest credit card need payment alternatives.
United Consumer Financial Services offers consistent, transparent, and affordable payment plans that help sewing machine retailers increase sales. The ease of consumer financing, combined with increased affordability, enables shoppers to confidently purchase their new sewing machines without financial regrets. Our plans break down the high upfront cost of new machines into low monthly payments that increase affordability for shoppers, helping retailers better serve customers while increasing sales.
Sell More Sewing Machines Today
Shoppers must overcome both the financial and emotional barriers associated with a big-ticket sewing machine purchase. Even if a consumer wants, or, in some cases, needs, a new machine, the high price tag can dissuade them from exploring further. Offering consumer financing through a firm like UCFS empowers retailers to instill confidence in their shoppers and promptly close the sale.
United Consumer Financial Service makes offering, applying for, and executing consumer financing contracts simple. Our mobile-first financing streamlines the process for both shoppers and salespeople. An online application takes just a few minutes to complete, and our team quickly returns a credit decision, enabling your team to seamlessly proceed with the sale.
Providing consumer financing for sewing machine purchases increases accessibility, helping customers see that they can afford to bring home their new equipment today as they pay it off over time.
Facilitate Upgrades and Add-ons
With the price of sewing machines climbing to thousands of dollars, shoppers might be tempted to settle for a machine that isn’t their preference but fits their budget. Consumer financing options empower your customers to choose the machine they want without the stress of charging a high-interest credit card or drawing down on their savings accounts. This approach addresses the all-too-common issue of cart abandonment, boosting conversions both online and in-store.
And these affordable plans do more than facilitate purchases; they increase consumer purchasing power, allowing shoppers to upgrade to equipment and add-ons that they might have initially dismissed due to budget constraints. For just a few dollars more per monthly payment, customers can choose a newer model with the features they’re looking for. Low, consistent payment plans help your client base bring home the sewing machines and equipment they want without feeling the financial pressure to settle or give up on their preferences. In turn, your business can increase average order values, customer satisfaction, and long-term revenue.
Financing that Builds Loyalty and Leads to Sales
The payment methods you offer matter to consumers. Affordable financing with consistent, transparent terms communicates the value you place on your customers. When shoppers can easily and quickly apply for financing, receive a prompt credit decision, and proceed with purchase, you’re positioning them for a great experience with your business from their first purchase onward. Partnering with UCFS for financing solutions helps you build seamless and simple purchase options that guide your shoppers through the sales process all the way to checkout.
With consumer financing options from United Consumer Financial Services, customers can know exactly what they’ll pay each month to bring home their new sewing machine. Our team puts your customers first while creating financing programs that cater to and support your business, including features like:
- Online application and customer portal
- Inclusive approval rates
- Consistent, transparent terms
- Autopay options
A positive customer experience is the foundation to long-term loyalty that drives sales, both today and in the future.
Choosing the Right Consumer Financing Firm for Sewing Machine Sales
Listed above are just a few of the ways our team makes consumer financing simple, accessible, and affordable for your customers. And we’re equally as committed to your financing experience. We know that your teams are busy caring for customers and running the business. We handle contracts, loan repayment and more to ensure you maximize your consumer financing program.
Offering financing through UCFS helps you:
- Maintain and improve cashflow, a crucial factor for healthy, sustainable businesses
- Get paid by UCFS within 1-2 days of the sale
- Upsell and cross-sell your products
- Expedite the sales process because it’s easier for a shopper to envision low monthly payments rather than a large up-front sum.
A division of Marmon Holdings, a Berkshire Hathaway company, United Consumer Financial Services brings more than 45 years of experience to our clients and their customers. Offering financing helps your business onboard new clients, retain existing clients, and sell more sewing machines. Connect with us today to discover how easy it is to offer consumer financing for your sewing machine retail store.
