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The $100 MBA Show

MBA319 How to Set Your Refund Policy

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 15 July 2015

⏱️ 11 minutes

🧾️ Download transcript

Summary

Whether your business is a product or service, you have to have a refund policy. Having one shows that you are confident with what you offer and that you're willing to put your money where your mouth is. Let's learn how to set a refund policy for your business today. Click the play button.

Transcript

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0:00.0

Hello, welcome to the 100 R. R. M.

0:13.4

Show, the business podcast that knows that you have business to take care of.

0:18.6

That's why each episode is jam-packed with value and it delivered to you in about 10 minutes a day with our daily 10 minute

0:24.6

business lessons for the real world. I'm your host, your coach, your teacher

0:29.2

Omar Zenholm. I'm also the co-founder of the $100 MBA, a complete business training and community online.

0:37.0

You can check out all our free courses and guides over at 100MBA.

0:42.0

In today's episode, you will learn how to set your refund policy depending on what

0:46.6

your business is whether a product or a service a physical product or a soft

0:51.5

product you have to have some sort of risk reversal, some sort of

0:56.4

refund policy. We're going to talk about how to set one up that's right for your

0:59.7

business. How long should this refund policy be and how it can affect your sales and your business and your overall brand?

1:07.0

We get into all the details in today's episode, so let's get down to business. Today's episode of the $100.00 MBA show is sponsored by the Draw Shop.

1:23.3

One of the best ways to convey your value to your customers

1:26.8

is with a kick butt whiteboard explainer video.

1:30.0

And the home of the best whiteboard videos out there is the draw shop.com.

1:35.7

They've worked with some big big names the best in the game.

1:38.5

Ariana Huffington, LinkedIn, Tim Ferris, the United Nations, Tony Robbins, and of course they've worked with us.

1:45.3

We're actually creating a whiteboard drawshop video for our webinar workshop registration

1:50.0

pages.

1:51.0

We would love the process of creating this video with them and we're so happy to have

1:54.9

him as a sponsor so check them out at the drawshop.com. Start a risk-free pow-out, talk to somebody that can really

2:02.4

help you convey your ideas with a great

...

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