Heyo! Welcome to the $100 R show Powerful Business Lessons You Can't

afford to miss every day with our daily 10 minute business

lessons for the real world.

I'm your host, your coach, your teacher Omar

is at home. I'm also the co-founder of the $100 MBA, a complete business

training and community online. And in today's lesson you will learn, failed payments,

are you leaving money on the table? If you run a business with any kind of reoccurring payment, a SAS business, a membership site,

any business that charges somebody on a regular basis, monthly, annually, even if you have a service where you charge people

a retainer every month.

You are all too familiar with failed payments.

You're charging people's credit cards on a regular basis, and sometimes those charges fail,

because, hey, insufficient funds on the card.

An expired credit card, a credit card that's been canceled.

And many of us, we have no system in place to recover this.

We have no system in place to say, hey, this person failed.

Let's make sure that they're paying.

Many of us, especially if we're just starting out when those people fail payment, their membership or

billing cycle cancels and you lose that customer.

In today's lesson, I'm going to share with you some tools and some techniques to recover

these payments, to recover these payments,

recover these customers, and how after we've implemented this,

we've been able to recover thousands of dollars every month.

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