How many of you are planning to launch before the end of the year?
If you’re launching – any time between then and now – here’s something to add to your to do list TODAY.
Figure out how to accept payment online.
Get your payment processor, merchant account, payment gateway – whatever the configuration set up asap. First–if possible.
I know it seems obvious, but if you’re in business, launching something, doing any sort of consulting…then I’m hoping and PRAYING you already have this setup.
Picture this – your launch is only a few days away.
You have what you think is the correct configuration of Paypal set up – and then at the last second (or what feels like one) – you look at your order form and something doesn’t look right. You realize there’s no payment plan showing on the form. Hmm…what gives?
So you have 2 choices – you either send them directly to Paypal for the payment plan option…or you create a janky set up that looks like your order form – so they get the experience of the order form and THEN send them to the order form.
The problem for me was this made the buying experience too complex and potentially confusing. There had to be 2 different funnels for people who chose full pay and for people who chose multiple payments. I wanted the experience to be the same and simple. Go to one form – see two options, fill out information, purchase.
By the way – the you in this story is actually me during my last launch of Fearless Launching.
I could have sent them to the paypal page from the sales page, but I wanted something more elegant that also added people to my system quickly and easily.
I did figure it out – and my “setup” worked eventually, but what it makes me realize is that I neglected following 2 of my GOLDEN RULES for launching:
1. Test your sales process and how you take money FIRST
2. Don’t start “fixing” big processes like this at the last minute.
I made both of these mistakes with this one pretty important part of the launch puzzle.
If you’re launching – you gotta make money. So – let’s talk about a few ways I know that make taking money easy.
But you have to set them up early. You can’t wait until the week or day before you open cart.
My Payment Processors Compared
Paypal has been my payment processor of choice for many years. It’s easy to use, set up, and see what’s coming in and going out money-wise. And it’s totally fine for most everything you need. In the end – I went with another processor that’s tied more directly to my business bank account.
Here’s what The Online Seller Blog says about Paypal (make sure to read the pros and cons!):
My experience: Paypal has worked fine and I will continue to use it, offer it as an option for payment to my customers. My only beef was that I could not set it up easily the way I wanted – and my two main ecommerce systems came back with conflicting stories. I’ve recently discovered the problem was that my paypal account customer service people were simply not sending me to set up a Pay Pro flow account. This would have solved everything and I did ask them about it, but they insisted I had the set up I needed.
Man – that one customer service person can derail all attempts at getting a simple system set up!
I’ve worked with many online and offline businesses who use Authorize.net to process credt card payments – never heard anything horrible. I know there are some bad reviews online – but there are bad reviews about every single product or service I’ve ever looked up.
The kind folks over at Lawyerist.com wrote an article about accepting credit cards – the bit about Authorize.net pretty much sums up why I eventually chose them to process payments. Here’s what they said:
My experience: As I’ve mentioned before – I did have one prior botched attempt to set up an account and use it properly but – the second time around was easy peasy. My other main requirement was that it integrates easily with Infusionsoft As I mentioned earlier – I wanted an order form with both payment options – one place for customers to choose how they wanted to pay and an easy way for them to be added to my system.
Take Money Checklist
- Do you want a shopping cart or are you okay sending people to another site to make their payment?
- What specific systems do you use for managing customers, sending email, and connecting with customers on a regular basis?
- Do you offer payment plans?
- Do you want to take payment from people in person?
- Do you offer a monthly payment subscription?
- Try to think of all the types of services, prices, and packages you’d like to offer.
Here’s a quick guide of what you can likely use depending on what you’re selling:
Ebooks + Downloadable products - great to use e-junkie.com (with paypal), gumroad.com
Coaching + Consulting services – almost anything you want – Paypal is easiest entry to accepting money, Authorize.net would be great option too. Look for something to integrate with your mailing list and your invoicing system – like Freshbooks.com.
Infoproducts – The playing field is again wide open. It all depends on how you want your sales process to look and feel. Choose a solution that works now AND that can be scaled as your business grows. I chose Authorize.net for this reason. I know that the reporting allows my bookkeeper to download transactions easily and make sure that what processed in Infusionsoft shows up as a paid charge in my bank account!
Membership sites – I’ve been watching membership programs like Platformuniversity.com and Fizzle.co make some interesting choices for accepting payments. Stripe and Paid Memberships Pro – seems to be a great little set up–because of the subscription/monthly payment set up. I don’t have that type of business model. My suggestion – look at sites you love and see what they’re using. Look for someone who is using some of your tools and see how they set things up.
* I know there’s a lot of opinions about what to use and why especially as new payment processors like Stripe, Square and Gumroad pop up. I chose Authorize.net specifically because it integrates with 2 systems I’m already using – Infusionsoft and Wishlist member. As of this writing – that’s what I use. Like everything else I create and do in my business, it’s up for discussion and I’m always open to a system that works better!
Bottom Line Decision
Your final decision isn’t what’s really important – it’s that you make it early in the launch preparation process. Make it your first marching orders – get the payment and sales process set up asap. You’ll thank me the day you open cart!
And one final note – you can always cancel it or change it if you discover it’s not working for you. Get the easiest solution set up for YOU and then move on!
Need more help setting up your business ecommerce solution…here are a few resources that have many many articles about the topic:
Once you’ve got your payment solution in place, get back to the planning and mapping out your launch. Check out the free resources in my Launch Essentials Toolkit. Keep it, use it, enjoy it!