Furniture Credit: Best Results

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When we talk about furniture, we usually refer to purchases with a higher ticket price. Therefore, credit in furniture stores can be a real partner by guaranteeing some facilities for customers and benefits for store owners.

For this reason, one of the market niches that most seeks us out skype database is furniture.

With this in mind, we have prepared a complete article to clarify what you need to know to work with Meu Crediário in furniture stores. Want to know more about this? Follow this complete reading and leave with new tips to apply.

Prepare your study materials and enjoy reading!

THE BEST CREDIT ANALYSIS IN FURNITURE STORES:
After a series of tests and understanding the needs of stores in this segment, we adjusted an analysis and credit granting model that is ideal for this market niche.

After adjustments, we established ways to analyze each customer's credit score and allow purchases in higher amounts for people with scores A to B.

How does it work?
First of all, you need to understand that the average ticket in this segment is a little higher. So, start by imagining the same limit of R$1,000 for a furniture store customer and R$1,000 for a shoe store customer.

And of course, someone who buys a R$1000 wardrobe doesn't have the same consumer behavior as someone who buys a pair of sneakers for the same amount, right?

Someone with a credit limit of R$1,000 at a shoe store would probably be able to buy a piece of furniture worth more. On the other hand, someone who buys a piece of furniture worth R$1,000 would probably have a receipt of around R$300 at a shoe store. Can you understand this difference in context?

This is a fundamental point to know when analyzing consumer risk.

???? Did you know that offering installment sales can build customer loyalty, drive repeat purchases and thus increase sales in your retail store? If you want to know more about how to have secure credit, download our free e-book!


SO, HOW TO EVALUATE AND GET THE BEST RESULTS?
After understanding the context and the difference in granting credit for a higher ticket niche versus a lower ticket niche, we have put together some tips:

1. PAY ATTENTION WHEN RELEASING THE CREDIT CREDIT:
Some furniture stores, such as our partner Mobilar, rely on credit for 75% of their operations. Therefore, any error when releasing credit can have a direct impact on the cash flow of this type of business.

It is necessary to look at and understand the financing as a whole and why your client may need a larger number of installments. To make this decision or not, you can check the relationship of this client with the credit limit.