MSP Sales Tips to Help You Most Effectively Incorporate Financing Options into Sales

MSP sales

MSP sales teams would do well to consider how pervasive financing is in modernity. Car payments, house payments, rent-to-own furniture–these days, everybody essentially “rents” what they need at a monthly cost.

As an MSP, it makes sense to have some level of financing available for clients who have structured their purchasing decisions around such conventions. However, there can be complications.

The Right Time, The Right Way

Timing is an all-important feature of your sales conversion strategy. Present financing options too early, too late, or in a way that feels too synthetic, and such options will either be ignored, fall on deaf ears, or be considered only with caution.

However, strategically let this information into the sales pitch and there’s a better likelihood of seeing outcomes your sales team is seeking. With that in mind, consider these tips to help get the balance right:

Make Financing Options Visible Very Soon and with Regularity

First, “chum the waters” by dropping hints about financing options. You might let leads know such options have been successful for similar clients. Essentially, you’re providing mental “ammunition” which assists in their decision-making process. The more service alternatives they can explore, generally, the better. Financing usually helps clients feel they’ve got more control over a given service.

Provide Additional Information Rather Than Alternative Information

Your MSP sales team may incidentally “spook” prospects through poor presentation of available options. Financing is presented as an alternative rather than an additional possibility.

Expand on what the client tells you strategically. Look for an “in”. Some clients are more attuned to financing solutions than others. Getting information conversationally helps reveal who’s who, allowing you to structure pitches accordingly.

Leading The Witness with Non-Hypothetical Hypotheticals

As you drop financing hints into the conversation and learn about clients enough to convert the conversation into a presentation of options rather than alternatives, you can start sprinkling in data that “leads the witness”. For example, you might ask a hypothetical question that really isn’t hypothetical.

For example: “You would save more money through a monthly cost than a single payment, wouldn’t you? Couldn’t you devote more resources to core needs that way?” Though you’re presenting such questions as hypothetical, the idea is to lead the client to feel going the financing route was actually their idea.

Careful Introduction of Financing Options Will Likely Expand Conversions

When your MSP sales team “leads the witness” with strategic information, provides such options as additional solutions rather than black-and-white alternatives, and seeds information about financing into the conversation with regularity early on, there’s a higher likelihood of seeing clients choose this option. Presentation of financing solutions could be the difference between losing a prospect and converting them. When they understand this option, it changes how they consider products or services your MSP provides.

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Nicholas Fortin

Nicholas Fortin is the President and Owner of Nexxen Technologies, which provides IT Support in West Palm Beach. With a wealth of experience in the IT Support and a very real sense of what it takes to run a successful business in Fort Lauderdale, he is the ideal person to help their clients achieve more through a more efficient use of technology. Nicholas is well versed in the management of computer networks, IT Infrastructure and Operations Services (IOS), as well as in IT services best practices for Boca Raton, due diligence, PCI-DSS, SOX, and HIPAA compliance. Nicholas is justifiably proud of his ability to establish and maintain excellent working relationships, not only with their clients and vendors but with his co-workers too. Their 98% customer retention rate is a source of pride to everyone on the Nexxen Technologies, Inc. team too!