Hey everyone, some advice please to settle a friendly argument.
Another business owner, also in retail, has suggested to me offering a lay-buy option to my clients. Now for her, it works well as she keeps stock and I don't. My stock is on demand from my supplier as and when we receive an order as we do not have, what I consider to be, the necessary infrastructure to keep stock yet.
My argument is that my suppliers prices change regularly so I my pricing must remain flexible. So I cant offer lay buy since that guarantees the customer will pay the same price in 3 months, which I cant guarantee, right?
So in any case, I have been thinking that it would attract many more customers to buy from me but racking my brain on finding a solution. We do not operate on credit with our supplier either.
Any suggestions? Think we could make it work?