How to best secure payment

topic posted Sat, April 1, 2006 - 8:13 AM by  ENIAD
I have a technical problem concerning the business I have just started. I am an English E.S.L. teacher entrepreneur operating locally in condition of quasi monopoly in Northern Québec, in a strong growth tourist area. I have recently signed the local banking business.
I am ready to take it to the next step.
Because the local population is generally uneducated, I have designed a language training course under guise of a brunch that would allow the general population to come and practice English in a convivial setting. The whole activity, for now, is slated for two and a half hours of practice plus a half an hour of my answering special question as I am also a translator and willing to provide answers to pointy linguistic questions as a marketing plot. I have found the ideal setting for leading such activities and secured very good prices. I have other similarly planned activities that are raising the same problems.
My problem is how to secure payment for such linguistic activities. My purpose is to make it simple as not to have to hire extra work force and bring the price up and complicate the process. I don’t want to have to restructure my business plan though I may have to do that at one point. I was thinking of a monthly subscription as a mean to develop customer loyalty.
How can I best secure payment in advance: pay pall or other similar outfits, the credit card route (are there traps because there sure are costs), automatic payment through a bank card, checks. I don’t feel like accepting payment in cash at the front door, since I will be busy monitoring, but perhaps I should do that. Any idea of how I should go about this.
This whole English teaching bit is more of a fun thing for me as I enjoy it and it is an effective way of becoming locally known. It is a means of getting me out of the house and interacting and breaking my isolation, always dangerous in a remote country environment.Translation is a higher paid field but I need balance. Just giving you background information.
posted by:
ENIAD
Montreal
  • Re: How to best secure payment

    Fri, May 19, 2006 - 4:42 AM
    Your best bet is to sell tickets in advance for the event. This will help you know how many to expect and plan accordingly. If you are going to be the host and speaker you may want to keep these events small. You certainly can set up a PayPal shopping cart and direct potential clients to your website to pay for the event. PayPal has very reasonable rates and you dont have to pay the monthly access charges a normal credit card processing company would charge. They do have per unit fees which are a percentage of the sale I believe. you will have to check with PayPal for details.

    Best of luck.

    Philip A. Foster, MA
    Maximum Change
    Life Coaching and Business Consulting
    www.maximumchange.com
    maximumchange.mbgroups.com

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